NCBA Bank opens a new Branch in Bungoma

The NCBA on Friday opened a branch in Bungoma. The branch becomes the 2nd to be launched this year in the country.

Group Managing Director John Gachora said the bank was attracted to Bungoma by the rapid growth in Bungoma town and its environs that have increased demand for banking services.

“We have developed products that are fashioned to the needs of smallholder farmers in this region to ensure their financial needs are met,” he said.

He said that the bank is in partnership with Safaricom to provide great financial products such as M-shwari and Fuliza hence its stable financial base in the banking sector in the country to make transactions easier.

“We are the largest bank in the country. If you take credit from Mshawri or Fuliza then you are banking with us. We already have more than 300 accounts opened for the two months we have been operational,” he said.

Gachora said that the bank opened Kericho Branch last week and plans to open more branches across the country before the end of this year.

Bungoma Governor Wycliffe Wangamati who was the chief guest during the event said that the branch opening goes a long way in the development and growth of businesses in the county.

“Opening of a new branch right at the heart of the county has a multiplier effect that will see its residents have access to loan services, asset financing, SME support programs among other lending facilities with ease,” he said.

He urged NCBA to develop specific products that will enable smallholder farmers engaged in sugarcane, fish, horticulture and dairy farming to borrow affordably to improve their ventures.

“As I conclude, I would like to encourage other financial players to emulate this move by NCBA Bank and provide the people of Bungoma with improved financial services to help us build and enhance the economy of Kakamega,” he said.

The governor said that Bungoma County is a growing commercial hub and economic gateway to the region.

He said that key sectors such as agriculture, manufacturing, financial services, co-operatives, ICT, health, education and trade are of special interest to us as a government mainly because of their impact on the livelihoods of the residents.