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The opening of the new branches now affirms the lenders quest to tap more of the vibrant Kenyan banking industry which has at least 43 lenders both locally owned and multi-nationals. The bank, which currently operates a branch network across the country is keen on expanding its outreach by growing the kooking channels in strategic areas across the country.

Kamukunji MP Yusuf Hassan who was the chief guest during the launch welcomed the investment made by SBM noting that two of the branches opened today Gikomba and Eastleigh are within his constituency. Yusuf noted that Eastleigh continues to attract investment with the number of shopping malls growing from 24 in to over 59 malls this year.

Yusuf added. Currently, SBM Bank is leveraging on its multi-pronged banking model via the mobile app, agency banking, card business and internet banking to complement its branch network.

It aims at gradually positioning itself as a one-stop-shop providing retail and consumer products, SME and corporate banking in support of international trade finance business across the Africa, Mauritius, India and Asia corridor.

The bank entered the Kenyan market with 0.

The move has seen it get hold of a huge customer base in Kenya who hheld accounts with their respective lenders before the takeovers. About Advertise Contact Privacy policy.

Home Banking. March 12, Facebook Comments.

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