Victoria Commercial Bank PLC (VCB) has announced the successful closure of a USD 7.5 million green financing facility arranged by Symbiotics, a leading global market access platform for impact investing.
The investment, funded through the BII Green Basket Bond, a partnership between Symbiotics and British International Investment (BII), the UK’s development finance institution will be dedicated exclusively to financing eligible green projects in Kenya.
The facility underscores VCB’s strong commitment to advancing inclusive and sustainable development, particularly in areas such as renewable energy, energy efficiency, sustainable agriculture, and water resource management.
In a statement, VCB said the funding aligns with its strategic ambition to expand its green loan portfolio by 20% by 2030, further strengthening the bank’s position as a key player in sustainable finance.
“This partnership reflects our long-term vision to embed sustainability at the core of our operations. Through this facility, we aim to accelerate green investments that drive environmental and social impact while contributing to Kenya’s transition to a low-carbon economy,” the bank said.
The collaboration with Symbiotics and BII places Victoria Commercial Bank among the growing number of Kenyan financial institutions tapping into climate-aligned financing to support the country’s green growth agenda.
By channeling capital toward environmentally responsible projects, VCB continues to demonstrate leadership in integrating ESG (Environmental, Social, and Governance) principles into its business model and advancing Kenya’s sustainable development goals.