Bank resumes work in South Sudan after recent fighting
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Elisabeth Janaina
Mar 25, 2014, 12:49:22 AM3/25/14
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Bank resumes work in South Sudan after recent fighting
The Kenya Commercial Bank (KCB) has stabilised its activities in South
Sudan, with investors and customers now enjoying normal services.
24 March 2014
Bank resumes work in South Sudan after recent fighting
Customers at a KCB banking hall. [PHOTO/FILE NATION MEDIA GROUP]
By Nation Correspondent
The bank's group chairman, Mr Ngeny Biwott, said operations have
resumed following recent fighting in Africa's newest nation. The bank
assured both local and international clients that peace had been
restored and business was picking up.
"We have 22 branches in South Sudan and they are all operational,
despite the fact that some of our buildings were demolished. We have
recovered and are serving our customers," he said.
He was speaking during a customer appreciation dinner at Rift Valley
Sports Club in Nakuru County at the weekend.
CONTINUED SUPPORT
The bank expanded to South Sudan in 2006 and is said to enjoy a 50 per
cent market share. But recent troubles in the country jolted the
bank's activities in Bor, Bentiu and Malakal.
Speaking at the same function, the bank's managing director, Mr Samuel
Makome, said KCB was working closely with CMC Group to help the
troubled motor company make a comeback in business.
"When Uchumi supermarkets was experiencing financial trouble no bank
would dare touch it but KCB went on and bail it out and today it is
expanding to Kampala in Uganda," said Mr Makome.
He said the bank would not shy away from assisting local
entrepreneurs achieve their reams of driving the economy of this
country to the next level.
"We shall continue to support Small and Medium Enterprises (SMEs) and
as bank we 're ready to fund them because we believe SMEs are the real
drivers of our economy as they create millions of jobs to our
youths," said Mr Makome.
Mr Ngeny said the bank was investing heavily in internet banking,
agency banking and would continue to revamp its contact centre in a
bid to meet the demand of its customers.
The bank which was started in Nakuru town in 1896 has a network of 178
branches countrywide.
Source: Daily Nation
Posted in: Home, Business, Featured Stories
The Kenya Commercial Bank (KCB) has stabilised its activities in South
Sudan, with investors and customers now enjoying normal services.
24 March 2014
Bank resumes work in South Sudan after recent fighting
Customers at a KCB banking hall. [PHOTO/FILE NATION MEDIA GROUP]
By Nation Correspondent
The bank's group chairman, Mr Ngeny Biwott, said operations have
resumed following recent fighting in Africa's newest nation. The bank
assured both local and international clients that peace had been
restored and business was picking up.
"We have 22 branches in South Sudan and they are all operational,
despite the fact that some of our buildings were demolished. We have
recovered and are serving our customers," he said.
He was speaking during a customer appreciation dinner at Rift Valley
Sports Club in Nakuru County at the weekend.
CONTINUED SUPPORT
The bank expanded to South Sudan in 2006 and is said to enjoy a 50 per
cent market share. But recent troubles in the country jolted the
bank's activities in Bor, Bentiu and Malakal.
Speaking at the same function, the bank's managing director, Mr Samuel
Makome, said KCB was working closely with CMC Group to help the
troubled motor company make a comeback in business.
"When Uchumi supermarkets was experiencing financial trouble no bank
would dare touch it but KCB went on and bail it out and today it is
expanding to Kampala in Uganda," said Mr Makome.
He said the bank would not shy away from assisting local
entrepreneurs achieve their reams of driving the economy of this
country to the next level.
"We shall continue to support Small and Medium Enterprises (SMEs) and
as bank we 're ready to fund them because we believe SMEs are the real
drivers of our economy as they create millions of jobs to our
youths," said Mr Makome.
Mr Ngeny said the bank was investing heavily in internet banking,
agency banking and would continue to revamp its contact centre in a
bid to meet the demand of its customers.
The bank which was started in Nakuru town in 1896 has a network of 178
branches countrywide.
Source: Daily Nation
Posted in: Home, Business, Featured Stories
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