NBK opens first branch since acquisition by KCB GroupMarch 11, 2020
NAIROBI, Kenya, Mar 10 – National
Bank of Kenya (NBK) has opened its first branch since its acquisition by Kenya (KCB)
Group last year.
Located in Gikomba Market, the
branch is one of the 4 branches that the bank is gearing to set up.
It brings to 83 the total
number of branches that the bank has spread across the country.
The bank’s Managing Director
Paul Russo says 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.
“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,” Russo added.
Russo said the Gikomba Branch
will be 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.
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
“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 businesspeople,” Kedemi
NBK’s acquisition by KCB was
followed by a Sh5 billion capital injection to meet regulatory requirements and
to finance its operations, including branch expansion.