Officials of Credit Bank Ltd officially inaugurated this Friday, April 5, a new agency in Eldoret, a city located in the North Rift and Western Kenya. It is exclusively dedicated to SMEs and the agricultural sector.
« Business growth in and around the city of Eldoret has resulted in the need to expand opportunities for entrepreneurs in the region, » said Betty Korir, chief executive of the Kenyan bank, which is expanding its network to 17 branches. .
It also states that the institution aims to position itself as an SME bank in the country. « As a bank, we remain committed to impacting the economy in which we operate by working with SMEs, » she said.
He added that « one of the bank’s areas of intervention in the new, expanded bank will be support for the agricultural sector, which is the backbone of this region ».
Agriculture is the main economic activity in the region targeted by the bank whose total assets were valued at around USD 103.2 million in 2015.