Bank resumes work in South Sudan after recent fighting The Kenya Commercial Bank (KCB) has stabilised its activities in South Sudan, with investors and customers now enjoying normal services. 24 March 2014 Bank resumes work in South Sudan after recent fighting Customers at a KCB banking hall. [PHOTO/FILE NATION MEDIA GROUP]
By Nation Correspondent The bank's group chairman, Mr Ngeny Biwott, said operations have resumed following recent fighting in Africa's newest nation. The bank assured both local and international clients that peace had been restored and business was picking up. "We have 22 branches in South Sudan and they are all operational, despite the fact that some of our buildings were demolished. We have recovered and are serving our customers," he said. He was speaking during a customer appreciation dinner at Rift Valley Sports Club in Nakuru County at the weekend. CONTINUED SUPPORT The bank expanded to South Sudan in 2006 and is said to enjoy a 50 per cent market share. But recent troubles in the country jolted the bank's activities in Bor, Bentiu and Malakal. Speaking at the same function, the bank's managing director, Mr Samuel Makome, said KCB was working closely with CMC Group to help the troubled motor company make a comeback in business. "When Uchumi supermarkets was experiencing financial trouble no bank would dare touch it but KCB went on and bail it out and today it is expanding to Kampala in Uganda," said Mr Makome. He said the bank would not shy away from assisting local entrepreneurs achieve their reams of driving the economy of this country to the next level. "We shall continue to support Small and Medium Enterprises (SMEs) and as bank we 're ready to fund them because we believe SMEs are the real drivers of our economy as they create millions of jobs to our youths," said Mr Makome. Mr Ngeny said the bank was investing heavily in internet banking, agency banking and would continue to revamp its contact centre in a bid to meet the demand of its customers. The bank which was started in Nakuru town in 1896 has a network of 178 branches countrywide. Source: Daily Nation Posted in: Home, Business, Featured Stories -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14ooFs-Xv8orpzvHYQyiiV5P%3DWYOAx0qj%2B8NJbwvt2VJt%3DQ%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
