The Central Bank of Kenya has approved the acquisition of 100% shareholding in National Bank of Kenya by KCB Group. www.businesstoday.co.ke
A KCB outlet. The bank has partnered with Japan’s biggest bank SMBC to expand their financial offerings provided to clients in both East Africa and Japan. [Photo/CALLA PR] [Photo/Business Today/File]

KCB Group has been declared the best bank in innovation and the best bank in the East African region at the 2019 African Banker Awards gala dinner held in Malabo, Equatorial Guinea.

The award of the Best in Innovation in Banking was presented to KCB in recognition of its outstanding efforts to incorporate the latest financial technological advancements in order to keep up with emerging customer behaviour trends.

In light of various disruptions within the global fiscal market, KCB Group has made significant strides in technological innovations so much that it has been awarded the leader in digital and mobile banking technology in numerous occasions. The outright success of KCB Mpesa and Fuliza which are responsible for the transaction of billions of Kenya shillings is clear evidence that the bank is at the forefront of Fintech innovations in the country.

The bank’s solid footprint with the largest branch network (258 branches) in the region with presence in six East African countries has enabled KCB Group to emerge the best bank in the region. The bank has played a key role in supporting the region’s economy by providing the necessary financial muscle for infrastructure projects across the region.

KCB Group CEO Joshua Oigara said: “KCB Group is extremely honoured to receive these two prestigious awards which reverberate our commitment to financial excellence which has been entrenched in our culture from the very early days. We at KCB acknowledge and thank everyone, every other institution and banks that keep us working harder, pushing us further with innovation and creativity that allows us to serve with humility.”

Read: NBK eyes September completion date in KCB merger deal

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The 2019 Africa Banker awards are aimed at recognising the efforts the financial institutions are making towards improving their financial operation services and implementing strategic core business functions that ensure they are on track towards their immediate business goals.

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