Kenya commercial Bank opening in southern Sudan, Kenya Commercial Bank (KCB) branch network in East Africa region has hit the 200 mark, with the opening of a new branch in Juba, Southern SudanTravelling to sudan,investing and hotel accomodation,Transport,sudan travel,tours,accomodation,business and jobs search in Sudan,flights and reservations,travel information,Banking in south sudan,Tourism,road transport and how to get there and do business.
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The Kenya Commercial Bank (KCB) last month moved into the Southern Sudan, opening branches in Juba and Rumbek. The KCB becomes the first international bank to make the move. Sudan Mirror Corespondent.Kenya Commercial Bank (Sudan) Limited

KCB (Sudan) Limited was incorporated in December 2005 as a wholly owned subsidiary of Kenya Commercial Bank. It is part of the KCB Group, which comprises KCB Kenya, KCB Tanzania and Savings and Loan (S&L) Kenya, KCB Uganda Limited and KCB Rwanda and is backed by the financial stability and favourable heritage of Kenya’s longest established banking organization that has been in operation for over 100 years. KCB Kenya, KCB Tanzania, KCB Sudan, KCB Uganda and KCB Rwanda offer a wide range of banking and financial services, specializing in the provision of medium and long-term finance whereas S&L specializes in mortgage financing. KCB Sudan now has six branches.

Its establishment is in line with the Bank’s regional expansion strategy, which is underpinned by its vision to be the “preferred provider of financial solutions in Africa with a global reach”. KCB Sudan has three branches in Juba and one each in Rumbek, Yei and Bentiu. It has plans to expand to other viable business centers of Southern Sudan such as Yambio, Bor, Torit, Wau, Kuajok, Nimule, Aweil and Malakal in a short period of time to come. As part of this strategy, KCB has already established other subsidiaries in Uganda, Rwanda, Tanzania and possibly, Burundi.

KCB (S) Limited Head Office is located in the City of Juba. The subsidiary is run by a highly motivated team led by a Managing Director who is supported by Business Development managers and is geared up for the challenge of supporting the reconstruction of Southern Sudan. The subsidiary offers a wide range of banking services with tailor made products and services for non-governmental organizations, individuals and the young civil Service in the Government of Southern Sudan.

The origin of Kenya Commercial Bank dates back to 1896 when its predecessor, the National Bank of India (NBI) opened a branch in Mombasa. In January 1958, NBI merged with Grindlays Bank Limited, which was later in 1970, acquired by the Kenya Government and renamed Kenya Commercial Bank Limited.

Backed by the KCB Group, KCB (S) Ltd is well placed to offer more flexible, global, customer oriented and cost effective financial services. It is committed to the highest standards of service, professionalism and integrity in nourishing the prosperity of South Sudan.

KCB (S) Ltd is committed to offering a wide range of banking and financial services as follows:

* Deposit Accounts (current, savings and fixed deposit accounts) for local and foreign currency
* Cash deposits and withdrawals and cheques clearing in local and foreign currencies
* Trade finance products - credit letters, documenatry collections, guarantees, pre & post shipment finance, bills discounting and stock financing
* Loan and advances such overdarfts and term loans
* Remittances such as SWIFT, EFT, standing orders, salary processing and banker's cheques
* Other services such as safe custody, cash movement and business advisory services
Website: http://www.kcbbankgroup.com

 

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