Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Speaking at the signing ceremony, Chase Bank CEO Paul Njaga reiterated the bank’s commitment to increasing access to financial services in Kenya/FILE

Kenya

Chase Bank and Rabo in PPP deal

Speaking at the signing ceremony, Chase Bank CEO Paul Njaga reiterated the bank’s commitment to increasing access to financial services in Kenya/FILE

Speaking at the signing ceremony, Chase Bank CEO Paul Njaga reiterated the bank’s commitment to increasing access to financial services in Kenya/FILE

Nairobi, Kenya, Jun 8 – Chase Bank (Kenya) Limited and Rabo Development on Monday signed a Technical Assistance Agreement to increase access to financial services in Kenya under the Public Private Partnership (PPP) Framework.

The Technical Assistance program is included in the Public Private Partnership (PPP) Framework between Rabo International Advisory Services (RIAS) and the Netherlands Ministry of Foreign Affairs. This partnership will help the bank continue its transformation into a full-fledged retail and commercial bank.

The partnership is aimed at consolidating current efforts by Chase Bank to increase access to financial services in Kenya through financial inclusion, private sector development, SME and agricultural finance, women, youth banking and the development of innovative distribution channels.

Speaking at the signing ceremony, Chase Bank CEO Paul Njaga reiterated the bank’s commitment to increasing access to financial services in Kenya.

“By committing to this initiative, Chase bank underscores our commitment to broaden the impact and scope of our proposition to our customers by increasing access to financial services in Kenya especially to the youth, women entrepreneurs, agribusiness and SMEs engaged in sectors that have the highest impact on the lives of a majority of Kenyans”.

The 24 month project will enhance the bank’s customer relationship management capabilities, refine sales processes to ensure increased use of the bank’s services, cross sell and improve product redesign to include propositions for women in business and the youth.

This project will improve Chase Bank’s SME proposition by increasing its capabilities in processes, support systems and credit scoring for medium and small business customers. It will also strengthen the agri-finance strategy of Chase Bank in selected agricultural segments through knowledge build-up, product development and implementation of value chain finance in close cooperation with Rafiki Micro-Finance.

Other areas in which the project is expected to improve is the expansion of the banks outreach/distribution channels and the linkage of value chains in rural areas with low cost distribution models through cost efficient and innovative techniques such as agency banking, mobile banking, e-wallet solutions and online banking solutions.

Chase Bank has registered impressive growth in the previous years. “Our business partners are central to our business. We leverage on their capacity and capabilities to develop and maintain long term relationships,” Njaga stated.

Chase bank’s customer centric approach has seen the bank develop customized financial solutions to different market segments. From Chase Mosaic targeted at unique community based businesses and retail groups to Diaspora banking in recognition of the role Kenyans in the Diaspora are playing in the development of our country to mention a few. This partnership is expected to continue Chase Banks development of market focused solutions.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...