Medium Victoria Bank scores high in clean loan ratings

    July 14, 2016   No comments

Gcr bank business ratings
Medium sized Victoria Commercial Bank(VCB) was rated BBB by South African Global Credit Rating(GCR) as the lender who experienced zero loan defaults over a decade.

With extremely high rates of loan defaulting in Kenya, VCB with a capital base of kes14billion and a customer base of 3000 have managed over the years to receive 100 percent loan repayment from its borrowers.

The GCR report read;
The ratings of VCB reflect its successful relationship-based niche private banking model and broadly stable credit profile, supported by robust asset quality, comfortable capitalisation, strong liquidity and sound profitability.
The lender has a network of three branches in Nairobi providing personal banking and corporate banking services.
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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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