National Bank Launches Gikomba Branch

National Bank Launches Gikomba Branch

National Bank of Kenya has today launched its Gikomba Branch in Nairobi County, as it strengthens its presence across the country.

The Managing Director of National Bank, Paul Russo said that the Gikomba Branch is one of four branches that the bank is setting up. It brings to 83 the total number of branches that the bank has spread across the country.  

“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,” Mr Russo added.

The Gikomba Branch becomes the first one opened by the bank since its successful acquisition by KCB Group Plc in September 2019. The acquisition was followed by a KSh5 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.

The bank’s propositions for enterprises include: Jenga Biashara for micro-SMEs, Till financing, up to 3 million unsecured loans and forex solutions for international businesses.

Ends…

About National Bank of Kenya

National Bank of Kenya is a fully-fledged Commercial Bank and is a subsidiary of KCB Group Plc. Established in 1968 to boost Kenyans’ access to finance, it has grown to be one of the largest commercial banks in the country with a growing network of 85 branch outlets across the country, over 1500 ATMs and electronic channels of Mobile and Internet Banking. In September 2019, the Bank became a subsidiary of KCB Group Plc following a successful acquisition. National Bank participates in Corporate Banking, Business Banking, Retail Banking and Islamic Banking with an extensive portfolio of products and financial solutions tailored for the requirements of a broad spectrum of customer segments it serves. For more information, please contact: www.nationalbank.co.ke.

In case of any queries/clarification, please contact Judith Sidi Odhiambo - Group Head of Corporate & Regulatory Affairs; email: jsodhiambo@kcbgroup.com.

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