Despite being known as a small-time commercial center and home to tourist attraction sites, Malindi has a number of financial institutions that provide commercial services to Malindi residents as well as visitors.
Banks and Financial institutions in Malindi
With the various financial institutions in Malindi, financial security can be accounted for for Malindi residents including both local and international tourists.
Banks in Malindi include ABSA Bank Kenya PLC, formerly known as Barclays Bank, Kenya Commercial Bank (KCB), Equity Bank, SBM Bank, formerly known as Chase Bank, Cooperative Bank, Family Bank, Habib Bank now taken over by Diamond Trust Bank (DTB), NCBA, Post Bank among others.
Banks that have moved out of Malindi
Standard Chartered Bank, Eco Bank, Imperial Bank
Non-Banks Financial institutions
Other commercial institutions include Saving & Cooperative Societies (Saccos) and Western Union branches. Some of the Saccos operating in Malindi include Faulu Sacco, Pwani Tuinuane Sacco, Imarika Sacco formerly known as Kilifi Teachers Cooperative (KITECO) among others.