Co-operative Banks Development Agency (CBDA)

Co-operative Banks Development Agency (CBDA)

The vision of the Co-operative Banks Development Agency (CBDA) is to facilitate the development of a competitive, accessible and sustainable cooperative banking sector that empowers communities.

The Agency’s mission focuses on: creating an enabling environment for the e-Cooperative Banking Sector through innovative solutions, capacity building, funding and technology interventions by providing support to Cooperative Banking Institutions (CBIs) for the ultimate benefit and financial inclusion of underserviced communities in South Africa; development and support; promoting the cooperative philosophy and principles; and building confidence in the CFI sector.

The CBDA’s strategic outcome-orientated goals are to ensure: a CFI sector that is institutionally sound; a vibrant and growing CFI sector that broadens access and mobilises savings at community level; and an organisation that has the strategic leadership, administrative support and management capabilities to market itself and its activities to fulfil its vision and mission.

Source: https://nationalgovernment.co.za/units/view/211/co-operative-banks-development-agency-cbda

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