Commercial Bank of Africa

Africa & Middle East

Date joined:27 June, 2011

Company Profile 

Commercial Bank of Africa Ltd (CBA) is the largest privately-owned bank in East Africa and has been operating for over 50 years. CBA was founded in Tanzania and branches were set up in Kenya and Uganda shortly thereafter. In 2011, CBA began a drive towards innovation in the banking space, pushing its product team to pioneer new developments that cater to a wider local audience. To date, CBA has been first to market with full digital banking channels, first with M-Pesa and M-shwari products, the first US dollar credit card in Kenya, the first 105% mortgage offering and the first foreign currency based mortgage provider.

Environmental, Social And Governance Policy

The Group believes that balancing environmental and societal issues with financial priorities is fundamental to sound risk management and a core part of corporate responsibility. The Group is therefore committed to minimizing its overall impact on the environment by taking personal and organizational responsibility to engage and inspire employees, customers, business partners, and other stakeholders to make positive impacts on the environment and recognize the need to sustain the environment for future generations and ensure the sustainability of its business. The bank has developed and adopted a Group Environmental and Social Risk Management Policy that guides its lending decisions and relationships with customers. In addition to conducting enhanced due diligence on clients and transactions that involve activities with potentially high environmental and social impacts, the bank is also committed to ensuring that it adheres to the best environmental practices. These include resource management, waste minimization, financial inclusion, reduction of greenhouse gas emissions and ecosystem conservation.

More on CBA’s Environmental social and governance policy: