alexa Fidelity Commercial Bank announces plans to build Sh700m head office - Daily Nation

Fidelity Commercial Bank announces plans to build Sh700m head office

Wednesday November 18 2015

An artist's impression of the proposed Fidelity

An artist's impression of the proposed Fidelity Bank headquarters to be situated in Westlands, Nairobi. The premises will be built at a cost of Sh700 million. PHOTO | COURTESY  

Fidelity Commercial Bank has announced plans to set up its mega headquarters in Westlands, Nairobi at a cost of Sh700 million.

The bank’s general manager Kass Khimji said Monday the move follows the need to meet the bank’s expansion needs.

He added that it will allow the managing team and departments to work seamlessly together while enhancing customer access to the bank’s products, services, and people.

“As the bank continued to grow, it became apparent that we would need to consolidate our operations under a built-to-suit headquarters.

“This investment will allow us to better serve our present and future customers across the board while we endeavour to consistently provide an excellent experience to our customers,” he said.

CUTTING-EDGE TECHNOLOGY

“In effect, it will feature cutting-edge technology, similar to what our customers have come to expect at our branches.

“Additionally, having our staff under one roof will improve our operations, allowing us to better serve our customers and make Fidelity a bank that’s simple to do business with in line with our new ‘Simple Banking’ theme,” Mr Khimji explained.

He said the new building to be situated on 50,000 square feet will be six floors high with two basement levels housing the bank’s main departments including assets and liabilities, finance, legal, internal audit, treasury, securities, clearing, ICT, consumer finance and value added services, as well as the offices of the heads of departments and senior managers.

It will also feature the bank’s corporate branch, Fidelity First – the premium banking division, and the insurance brokerage subsidiary Finsure Insurance Brokers.

Mr Khimji said the bank plans to break ground for the new headquarters early 2016 before moving in by mid-2017.

“All planning approvals have been granted and ground breaking is anticipated to begin in January 2016,” he said.

With 14 branches spread across Nairobi and the coastal region, Fidelity is set to open its Eldoret branch in December, bringing the number of outlets to 15 countrywide.