Institution

Kenya Mortgage Refinance Plc (KMRC). - Kenya

1 Founding Instrument(s) (with links if possible) Kenya Mortgage Refinance Company (KMRC) is a financial institution registered as a public liability company (PLC) in 2019 under the Companies Act 2015. The company is licensed and regulated by the Central Bank of Kenya (CBK) as a non-deposit taking financial institution under the Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019, and the Capital Markets Authority (CMA) as an issuer of securities to the public.

Link: https://www.centralbank.go.ke/wp-content/uploads/2019/08/Central-Bank-of-Kenya-Mortgage-Refinance-Companies-Regulations-2019.pdf
2 Any additional or subsequent mandate or governance statements (not included in the above). None
3 Ownership Government of Kenya (GoK) through National Treasury (25%); Commercial banks (44%); Savings and Credit Cooperative Organizations (SACCOs) (8%); Development Finance Institutions (23%).
4 Legal status Non-Deposit Taking Financial Institution
5 Government accounting for stake N/A
6 Member bank accounting for stake Equity investments into KMRC are accounted for in accordance with guidance from IFRSs.
7 Government guarantee N/A
8 Other Comments None

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