In an effort to expand its local footprint, lender National Bank of Kenya (NBK) has unveiled a new branch in Nairobi’s Gikomba area.
According to Paul Russo -The Managing Director of NBK- Paul Russo the Gikomba Branch is one of four branches that the bank is setting up this year. The launch of the new branch brings the bank’s total number of branches in the country to 83.
“These new branches are part of our strategy for turning around the bank and setting it on the growth path. In this regard, we are reinvigorating our physical presence even as we revamp our digital channels. All this is geared towards ensuring that we consistently deliver an unmatched experience to our customers through bespoke financial solutions,” the NBK MD explained.
The Gikomba Branch is the first division opened by NBK since it was acquired by KCB Group in September 2019. The acquisition was followed by a Ksh. 5 billion capital injection to meet regulatory requirements and to finance its operations, including branch expansion.
The new branch seeks to tap into the vibrant economic activity in Gikomba Market, which is best known for trade in imported second-hand clothes and shoes.
The Director of Retail Banking at National Bank, Cromwell Kedemi said that through the branch, the bank will enhance its engagement with the business community in the area.
“We are betting on small and medium-sized businesses in this country. We would like to partner with the business community in Gikomba and the rest of the country to enable them to thrive, create jobs and deliver other economic benefits. We have a robust suite of innovative financial solutions, attuned to needs of business people,” Mr Kedemi added.
The Gikomba Branch is offering National Bank’s propositions for businesses and individuals, ranging from financing to transactional services and investments, all tailored to meet individuals’ and businesses’ unique needs wholesomely. It also delivers Islamic Banking solutions offered through the bank’s specialized arm, National Amanah.
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