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National Bank of Kenya Targets SMEs With Gikomba Market Branch

NBK's performance was driven by increased loan volumes and lower operating costs, despite impact of the COVID-19 pandemic

National Bank Kenya Gikomba Branch

The National Bank of Kenya (NBK) has opened its first branch since its acquisition by KCB Group in 2019 in Gikomba Market, Nairobi.

NBK now has 83 branches spread across the country.  

Paul Russo, NBK Managing Director Paul Russo says with the new branch, they seek 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.” 

The Director of Retail Banking at National Bank, Cromwell Kedemi said that they are betting on the small and medium-sized businesses in this country. “We have a robust suite of innovative financial solutions, attuned to the needs of business people,” Kedemi added.

NBK’s acquisition by KCB was followed by a KSh5 billion capital injection to meet regulatory requirements and to finance its operations, including branch expansion.

KCB Group Injects KSh5bn into National Bank

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