NCBA has announced has opened its newest branch in the vibrant Eastleigh neighbourhood at the newly opened Business Bay Square Mall to tap into the thriving business community in the area. This development underscores NCBA’s drive to grow its retail banking, with a target of 10 branches at the end of 2023.
This follows the successful launch of NCBA’s Kahawa Sukari branch last month, showcasing the bank’s appetite for growth. Mr Tirus Mwithiga, Group Director for Retail Banking, emphasized the vital role of NCBA’s branch expansion initiative in meeting the needs of its customers.
“As NCBA, we are deeply committed to contributing to economic growth and prosperity in the region,” Mr Mwithiga. “Our goal is to deliver top-notch financial solutions that are both globally innovative and locally tailored.
He said the newest branch in Eastleigh serves as a gateway to supporting the vibrant business community. Eastleigh, with its significant contribution to Nairobi County revenues, holds immense potential to grow into a significant economic hub.
Mr Mwithiga underscored NCBA’s focus on championing local enterprises through personalized banking solutions, with a special emphasis on Small and Medium Enterprises (SMEs). The Eastleigh branch extends a comprehensive suite of banking solutions, encompassing credit facilities for business expansion, corporate banking services, retail offerings and forex.
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.
NCBA serves other sectors including retail trade, hardware, education, healthcare, and more. With an established footprint in both corporate and retail banking throughout the nation, NCBA remains steadfast in its mission to propel businesses and individuals towards prosperity.
Former President Uhuru Kenyatta’s family controls about 13.2% of NCBA Group, which was formed after CBA Group and NIC Group merged in 2019.
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Hon. Yusuf Hassan, MP Kamukunji, commended NCBA’s initiative, highlighting its potential to amplify economic prospects in the area and Kamukunji Constituency. He emphasized the key role of financial inclusivity in fostering equitable economic expansion and prosperity.
The launch of NCBA Eastleigh branch, which will be looking to offer financial solutions to the over 2000 SMEs in the mall, further underscores NCBA’s strategic role in driving regional economic advancement and contributing substantially to Nairobi County’s overall growth trajectory.
Eastleigh contributes nearly 30% of the revenues of Nairobi County, underscoring the importance of this community in Kenya’s economy. NCBA’s ambitious vision for 2023 entails elevating its branch network by launching an additional ten branches by year-end.