National Bank targets SMEs with business club

PHOTO | FILE National Bank managing director Munir Ahmed announcing Sh1.81 billion as bank's end year profit before tax for the period ended December 2013 on March 26, 2014. The bank has broadened its lending targeting small and medium enterprise and corporate customers.

What you need to know:

  • The bank aims at recapturing its position among the Kenya top five lenders.
  • The club will offer members training, networking opportunities, business advisory and trips to new and emerging markets.

The National Bank of Kenya has broadened its lending targeting small and medium enterprise and corporate customers.

The bank aims at recapturing its position among the Kenya top five lenders.

It has now introduced a business club with services tailored for small firms and corporate customers.

“The unveiling of national business club complements our core mission for which the bank was established some 40 years ago; to assist indigenous business to realise their dreams,” bank managing director Munir Ahmed told investors during the launch at Villa Rosa Kempiski hotel in Nairobi on Wednesday evening.

It joins KCB, Barclays and Standard Chartered banks, with business clubs offering specialised services to small and medium sized businesses and corporate customers.

The club will offer members training, networking opportunities, business advisory and trips to new and emerging markets.

“We see small and medium enterprises as partners in business who deserve the best in terms of opportunities to help them grow with us,” said Mr Ahmed. Last month, the bank sponsored 60 businessmen and women for a 10-day business trip to China.