Banks step up the battle for rich churches’ billions

Banks see churches as a fertile ground for growth by banking their tithes and offering, boosting their deposit base.

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Commercial banks are increasingly targeting churches and other faith-based organisations with financial products in a bid to earn from the billions of shillings generated through tithes, donations, offerings and investments in sectors such as education, real estate, health and hospitality.

A number of banks have moved to tap religious leaders to lead their strategy in capturing the market of faith-based institutions.

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