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Key Points
- The new Kitui branch focuses on providing financial support to local businesses and sectors like construction and education.
- NCBA aims to boost financial inclusion by delivering accessible banking to underserved communities
- Kitui Governor Dr. Julius Malombe highlighted the branch’s role in stimulating economic activity, particularly among SMEs.
NCBA Bank has opened a new branch in Kitui, reinforcing its dedication to accessible financial services and local community support. This expansion aligns with NCBA's mission to drive economic growth in key sectors like construction, education, and transport—integral to Kitui’s development. The bank’s strategy emphasizes financial inclusion, aiming to empower both individuals and businesses within the region.
Supporting local development goals
Urbanus Muthoka, the new manager of the Kitui branch, expressed NCBA’s commitment to regional growth, emphasizing that the branch goes beyond financial services to offer a meaningful investment in Kitui’s future. “We’re celebrating more than a new branch today; we’re celebrating a deeper commitment to Kitui’s people and businesses,” Muthoka stated. With products ranging from savings accounts to loans tailored to small businesses, NCBA aims to empower local enterprises and bolster economic stability.
Backing growth in key sectors
Tirus Mwithiga, NCBA Group Director of Retail Banking, highlighted the bank’s dedication to supporting vital sectors. “The launch of the Kitui branch is a significant step in our mission to serve this vibrant community,” he said, emphasizing that the bank aims to support local businesses and enhance the banking experience for residents. NCBA provides critical financing tailored to high-impact sectors like construction and transportation, essential for Kitui's economic transformation.
Billionaires Africa recently reported on NCBA’s "No Monthly Fees" initiative for business accounts, helping reduce financial burdens on SMEs as loan rates rise. The Kitui branch bolsters NCBA’s role as a key player in regional development.
Community-focused impact
Kitui Governor Dr. Julius Malombe, attending the branch opening, praised NCBA’s expansion, describing it as a “vote of confidence in Kitui.” He noted the new branch would support local SMEs, create economic opportunities, and expand essential banking services for residents.
NCBA’s growing presence in Kitui underscores its commitment to long-term financial empowerment and sustainable community support. By promoting financial inclusion and backing entrepreneurial efforts in underserved areas, NCBA aims to foster economic resilience and support Kitui’s continued growth and prosperity.
