Sharp Daily
No Result
View All Result
Wednesday, July 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

CDSC Designates Family Bank As A Central Depository Agent

Cynthia Mungai by Cynthia Mungai
September 22, 2022
in News
Reading Time: 2 mins read
Family Bank

Family Bank [photo/courtesy]

The Central Depository and Settlement Corporation Limited (CDSC) has appointed Family Bank as a Central Depository Agent (CDA).

By utilising its current clientele to expand its network, the bank, as a CDA, will now be able to attract new customers and keep CDS accounts. Family Bank will serve as a settlement bank for the Nairobi Securities Exchange (NSE), offering money settlement services to other Central Depository Agents as well as their CDA business unit.

The biggest economy in the East African Community, Kenya, is home to Family Bank Limited, also known as Family Bank. The Central Bank of Kenya, the country’s main bank and the national financial regulator has granted it a licence.

In relation to transactions made on the Nairobi Securities Exchange, CDSC offers automated clearing, delivery, and settlement facilities. On behalf of investors, they also hold non-listed and listed securities as well as other legal documents.

RELATEDPOSTS

Family Bank cultivates agribusiness growth with $5million loan boost

February 6, 2024
Family Bank CEO Rebecca Mbithi

Family Bank Records Ksh3.5B Profit

November 22, 2022

Stanbic, Real Estate Companies Sign MOU To Enhance Affordable Housing

HF and Credit Bank were recently appointed as CDAs as part of the CDSC’s push to expand its CDA network and digital platforms. As of earlier this year, the CDSC API and Chatbot services were also made available.

Family Bank will serve as a settlement bank for the Nairobi Securities Exchange, offering money settlement services to other Central Depository Agents as well as their CDA business unit. By utilising its current clientele to expand its network, the bank, as a CDA, will now be able to attract new customers and keep CDS accounts.

In a list that also includes other significant local banks, the lender’s appointment as a settlement bank takes the overall number to 11. Bank of Africa, ABSA Bank, Equatorial Commercial Bank, Equity Bank, I&M Bank, KCB Bank, NBK, NCBA Bank, Prime Bank, SBM Bank, Stanbic Bank, Standard Chartered Bank, and Transnational Bank are a few of the banks mentioned.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

KRA Extends Deadline For Tax Invoice Management System Compliance

Next Post

East African Portland Cement Resumes Manufacturing

Cynthia Mungai

Cynthia Mungai

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025

Lessons from the Kuramo-TransCentury fallout

July 3, 2025

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024