5 December 2017

Kenya: KCB Named Bank of Year at Global Fete

A UK-based economic and financial intelligence publication has named KCB Group Plc as the 2017 Bank of the Year in the just concluded 18th Banker Awards.

During the event held in London last Thursday, The Banker cited KCB for its sustainable growth and multi-channelled approach that helped increase financial inclusion across the region.

The Banker Awards recognise the top banks across the globe for their sound financial performance, their multi-channel banking strategies and efforts that drive financial inclusion.

KCB Group CEO Joshua Oigara welcomed the award, saying the award affirmed that the bank was on the right path to realising its goals.

"As a Bank we are delighted to be recognised for the work we do in pushing the sustainability agenda and financial inclusion agenda. It is also a challenge for us to keep doing more not just in Kenya but across the East African region," he said.

The London award comes hardly a month after the lender won the Financial Times award as the Best Bank in Kenya and is the current holder of the 2017 Best Corporate Publication award received from the Public Relations Society of Kenya.

Mr Oigara said while his team had been recognised for its multi-channelled based services where clients access services via branches, online platforms and mobile phones, KCB Group was keen on strengthening its platforms so as to continue enjoying trust from its customers.

KCB boasts of an asset portfolio valued of Sh643.8 billion where it posted a pre-tax profit of Sh22.4 billion in the third quarter ending September 30, 2017 indicating a 3.1-per cent growth against a similar period in 2016.

It has 250 branches, 960 ATMs and 14,976 agents offering banking services in Kenya, Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia.

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