Kenya’s Central Bank of Kenya (CBK) has granted authority to Rabobank Nederland to open a Representative Office in Kenya.
Rabobank Nederland is a cooperative bank owned by local cooperatives in Netherlands.
The lender offers universal banking services to the public alongside financial services to its member cooperatives.
Rabobank has presence in 43 countries across Europe, Asia, South America and Africa.
In Africa, Rabobank has invested through local banks in Zambia, Tanzania, Rwanda and Mozambique.
Rabobank Nederland Representative Office in Kenya will now discharge marketing and liaison roles, as well undertake market research to explore business opportunities to inform the long-term strategy of the bank in Kenya and the region.
The Representative Office is also expected to support and deepen the growing trade relationship between Kenya and Netherlands.