Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya: Press Releases: KCB Links All 221 Branches in Eastern Africa

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Kenya: Press Releases: KCB Links All 221 Branches in Eastern Africa

Tuesday, 26 July 2011

Nairobi, 24 July 2011 --- KCB Group has announced the completion of a systems optimisation exercise for its regional connectivity network across the bank’s Kenyan and subsidiary operations.

The core banking system that was acquired in 2007 and fully implemented in June 2010, has now been fully intergrated to suit the bank’s growth and business needs, taking into account the regional market conditions and regulations where the bank has presence.

This now means KCB is ready to fully deploy to Tanzania, South Sudan, Uganda and Rwanda, the whole complement of services that it offers its customers in Kenya, offering a one branch banking experience no matter where their accounts are domiciled.

According to group CEO, Dr. Martin Oduor-Otieno, the move sets pace for KCB, the largest bank by assets and branch network in Eastern Africa, to expand its services geared towards convenient banking for new and the 1.7m of its current customer base.

“We are delighted that this process is now complete in all the five countries where we operate. Our customers can now be served hitch free, across our 221 branches and over 400 ATM locations, subject only to country specific regulatory requirements.”

The CEO explained that the bank was now in good stead in its efforts to become a pan-African institution. With the added capacity and efficiency gains KCB now hopes to further its ongoing transformation agenda aimed at taking the bank from a good to great banking institution.

KCB has already launched numerous innovative products and services in keeping with market demands. These include the only Intelligent ATM with the capacity to receive and dispense local and foreign currency, KCB Connect - Mobile banking platform, KCB Mtaani - agent banking platform. The bank shall soon launch an internet banking proposition.

Since June 2010, the entire KCB business has been on one banking platform, enabling the bank to operate a seamless and real time banking infrastructure. KCB is the only local bank in the region to offer this, across the region making each branch every customer’s home branch.

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