Credit Bank named best SME lender
he SME bank has lent over Ksh.14 billion to more than 5,000 SMEs to date
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Kenya’s Credit Bank has received the ‘Best SME Bank in Kenya’ and ‘Best Mobile Banking in Kenya’ awards from International Business Magazine.
The International Business Magazine Awards recognize the best in class achievements pertaining to global leaders and corporates across varied spheres in the International Business and Finance Arena.
The judging process, led by subject matter experts, involves a meticulous look into the institution’s talent, leadership skills, service quality, and capability among other things.
“The two awards by International Business Magazine Awards reflects Credit Bank’s unparalleled SME banking capabilities, as well as our commitment to push the innovation barrier to the next level.
It is an honor to be recognized for our efforts, and a great motivation for our team to continue innovating and offering quality service,” said Mrs. Betty Korir, Credit Bank CEO, of the accolades.
“Being ahead of the curve in innovation has allowed Credit Bank develop solutions that are changing the way businesses conduct banking. We launched Clearing Solutions as a response to our customers’ needs during the pandemic.
This solution allows businesses to bank cheques from the comfort of their offices or homes,” she added. “We have provided digital banking solutions that have enabled SMEs conduct their businesses more efficiently through the pandemic.
Cutting edge solutions such as Konnect2Bank that allows customers to transfer funds directly from bank account to Buy Goods Till Number or to Paybill, and integration of Paybill and Till Number deposits directly and instantly into your account, have ensured that businesses remain in operation through these unprecedented times.”
As the world continues to grapple with the effects of the Covid-19 pandemic and economies work to recover, supporting SMEs, who are the backbones of most economies, is crucial for the rebound.
Credit Bank’s eHub platform provides entrepreneurs non-financial support through learning and skills development from business experts, one on one coaching forums, knowledge sharing, market linkage and peer to peer learning sessions.
The bank has hosted over 1000 entrepreneurs in various masterclasses aimed at enabling them scale their businesses.
Eric Nyachae, the Bank’s Executive Officer noted ”The Best Mobile Banking in Kenya award is a testament to our understanding of the intricacies of the market and the unmatched capabilities of our robust and user-friendly mobile banking platform – CB Konnect.”
Korir also highlighted the bank’s endeavor to remain the Best SME Bank and further enrich the digital banking experience to offer fast, friendly and flexible financial solutions to its customers.
“We remain committed to continue delivering solutions that allow our clients to accelerate and grow their businesses.”
The SME bank has lent over Ksh.14 billion to more than 5,000 SMEs to date. The SMEs span across all sectors of the economy with a special focus on Manufacturing, Building and Construction, Trade Businesses, Agriculture and Health.