Social responsibility earns KCB top global awards

KCB Bank Kenya Board Director Andrew Kairu and KCB Group Head of Corporate and Regulatory Affairs Judith Sidi Odhiambo pose for a photo after KCB Bank was awarded Euromoney Awards for Excellence in London on Thursday evening.

Kenya Commercial Bank (KCB) Group has emerged as the best bank in Kenya and the best bank in Africa in Corporate and Social Responsibility during the 2017 Euromoney Awards for Excellence.

The ceremony that was held in London on Thursday evening recognised the bank for its outstanding financial performance in Kenya, and its significant contribution in addressing social problems across East Africa.

“We have been trailblazers in this region in terms of embedding social responsibility in our business, not because it is what everyone is doing but because it makes business sense for us. We must make a difference in the societies that have given us a license to operate in,” said KCB Group CEO and MD Joshua Oigara. “We believe that financial inclusion must be carried out in a holistic manner if it is to have an impact. We are therefore very grateful that our efforts have been recognised,” he said.

This is the third time the Bank has won the globally acclaimed Euromoney Award, the first time in 2005 and later in 2014.

Related articles

The Bank has been at the forefront of playing a bigger role in entrenching financial inclusion, with some of its products acknowledged as helping bridge the gap. KCB was awarded the Best Bank in Africa in Corporate and Social Responsibility in acknowledgment of the unique “shared value” philosophy entrenched in the programme designed and implemented by its  social investment arm, the KCB Foundation .

Last year, KCB initiated the ambitious 2jiajiri programme, a job creation vehicle that focuses on alleviating youth unemployment. In addition to 2jiajiri, the lender also has theMifugo ni Mali initiative which is a livestock value chain improvement programme in the Arid and Semi-Arid Counties.

The 2017 Euromoney Excellence Awards are aimed at recognising on a global front the efforts 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.

[crp]

Picture of BT Reporter
BT Reporter
editor [at] businesstoday.co.ke

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Aquila East Africa, a leading Kenyan integrated communications firm has expanded into Rwanda and Uganda, signifying the growing potential of homegrown businesses
The 16th edition of the CIO100 Awards 2004 will bring together Africa's most influential IT leaders to discuss the latest trends and

Social Health Authority (SHA) acting CEO Elijah Wachira has been sent on compulsory leave for 90 days. According to the suspension letter

The Teachers Service Commission (TSC) has announced 5,690 job vacancies for senior teachers, open and available for immediate hiring, with applications closing