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It brings to 83 the total number of branches that the bank has spread across the country/COURTESY


NBK opens first branch since acquisition by KCB Group

It brings to 83 the total number of branches that the bank has spread across the country/COURTESY

NAIROBI, Kenya, Mar 11 – 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.

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 businesspeople,” Kedemi added.

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.

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