NCBA Bank has opened a new branch in Eastleigh at the newly inaugurated Business Bay Square Mall, marking a strategic expansion milestone that seeks to tap into the thriving business community in the area. This notable progress highlights NCBA’s steadfast dedication to expanding its retail banking portfolio, all the while providing easily accessible financial solutions to its clientele.
The Eastleigh branch of NCBA to offer a wide range of banking solutions, including credit options for expanding businesses, corporate banking services, retail packages, and foreign exchange services. The firm state that their expansion aims to leverage the flourishing business ecosystem in the region.
The financial institution is looking to offer financial solutions to over 2,000 SMEs in the mall. As a prominent player in asset finance, NCBA is keen on supporting the growing construction industry in the region. NCBA’s Asset Finance division empowers individuals, SMEs, and corporations to acquire assets including motor vehicles, through swift and flexible financing solutions.
This significant launch closely follows NCBA’s Kahawa Sukari branch’s recent successful opening just last month. This event highlights the bank’s remarkable expansion and unwavering commitment to addressing a wide range of financial requirements throughout the nation.
NCBA’s Group Director for Retail Banking, Tirus Mwithiga, emphasized the significant importance of NCBA’s branch expansion strategy in effectively addressing the changing requirements of its clientele. He articulated that this expansion distinctly highlights NCBA’s unwavering commitment to act as a reliable financial ally throughout its customers’ financial endeavors.
“As NCBA, we are deeply committed to contributing to economic growth and prosperity in the region. Our goal is to deliver top-notch financial solutions that are both globally innovative and locally tailored” said Mr Mwithiga “This latest branch in Eastleigh serves as a gateway to supporting the vibrant business community of the area. Eastleigh, with its significant contribution to Nairobi County revenues holds immense potential to become a cornerstone of the country’s growth.”
Yusuf Hassan, the Member of Parliament for Kamukunji, praised NCBA’s initiative and emphasized its potential to enhance economic opportunities in the region and Kamukunji Constituency. He emphasized the crucial importance of financial inclusivity in promoting fair economic growth and overall prosperity.
Mwithiga further highlighted NCBA’s steadfast dedication to promoting local businesses by offering tailored banking resolutions. This commitment extends particularly to Small and Medium Enterprises (SMEs), which play a crucial role as drivers of economic vitality, innovation, and employment generation.
Eastleigh plays a crucial role by accounting for nearly 30% of Nairobi County’s total revenues. This Highlights the significant economic importance of this community within Kenya. Looking ahead to 2023, NCBA has set forth an ambitious plan to enhance its branch network. The plan involves the opening of ten new branches by the end of the year, as part of NCBA’s forward-looking vision.
NCBA extends its services to various sectors, encompassing retail trade, hardware, education, healthcare, and beyond. With a well-established presence in both corporate and retail banking across the entire nation, NCBA remains resolute in its commitment to drive the advancement of businesses and individuals towards a prosperous future.
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