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 Co-operative Banks
Development Agency
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Co-operative Banks Development Agency : Home
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Introduction |
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The co-operative Banks Development Agency was established to promote and develop co-operative banking. Including deposit-takers and lending co-operatives. |
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Our Vision |
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To facilitate financial inclusion and economic transformation while ensuring a sustainable co-operative banking sector that empowers communities. |
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Why we were created |
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- To promote, register and regulate representative bodies
- To facilitate, promote and fund education and training to enhance the work of co-operative financial institutions
- To accredit and regulate support organizations
- To provide liquidity support to registered co-operative banks through loans or grants, and
- To manage a deposit insurance fund
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Who we work with |
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- Co-operative banks registered with the supervisors of co-operative banks
- Financial co-operatives seeking to increase their capacity and work towards becoming co-operative banks
- Support organisations, representative bodies and regulatory authorities operating within the sector
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Our current focus |
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- Assist applying co-operative financial institutions and co-operative banks register with the Prudential Authority
- Consultation with a broad range of stakeholders within the sector to understand the regulatory, developmental and support needs of financial co-operatives
- Piloting new support programs and delivering existing capacity enhancing support programs
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Our programmes |
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- Regulation of representative bodies and support organizations.
- Capacity building through direct technical assistance and training, information for and promotion of co-operative banking.
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