Overview:
KCB Bank Uganda Managing Director, Edgar Byamah says the bank boasts of an asset base of over UGX. 961,430,000 and over 40,000 customers.
KCB Bank has marked its 15th anniversary since its establishment in Uganda also revealing that it will close the year with Ushs. 1 Trillion balance sheet.
Incepted in 2007, KCB Bank Uganda has for the last 15 years offered financial services via traditional and online banking channels with the aim of enabling access to timely financial services to the banks customers in Uganda and in the diaspora.
KCB Bank Uganda Managing Director, Edgar Byamah says the bank boasts of an asset base of over UGX. 961,430,000 and over 40,000 customers.
“The growth registered has influenced our expansion to 14 branches, and has necessitated us to innovate digital-driven banking solutions so that we extend banking services through channels like Online banking, Kaycee – Chatbot, the ATM Recycler Machine among others,” he said.
He added: Over the years, KCB Bank Uganda has grown organically and as a result, registered significant growth in its balance sheet. Today, we can confidently project to close our fifteenth year with a balance sheet of one trillion Uganda shillings.”
Mr Henry Musasizi, The State Minister of Finance, Planning and Economic Development (MoFPED), General duties said government will continue to provide a suitable environmet t for companies to grow sustainably among other economic initiatives.”
KCB Bank Uganda, Board Chairman, Constant Othieno Mayende said environment the Bank is operating in is very competitive, and the numbers of banking institutions allude to this.
“Currently, the market has over 25 commercial banks. As a bank, we have a strategy and we are sharply focusing on this strategy to enable us to deliver on our mandate and vision of being the preferred financial solutions provider in Uganda.”
Othieno added, “Our commitment is to serve our customers, with foresight that focuses on key three parameters; customers, efficiency and digitization. We understand that our customers today need financial services that are always-on and can be accessed within arm’s reach. We therefore we have to reach our customers by digitizing our services. Consequently, management is always challenged by the board to ensure that the customer is kept at the forefront of whatever we do.”
Commenting on the bank’s 15th anniversary, KCB Group CEO, Paul Russo said given the potential of Uganda as a strategic business partner within the East African Community Economic Bloc, the future for KCB Bank Uganda is very bright.
“Indeed, what the Bank can do in contributing to the growth of this region should be limited only by our imagination. On this special occasion, we are re-dedicating ourselves to working closely with all stakeholders to unlock the potential in this country.”