Page 21 - COMMERCE AND INDUSTRY APRIL EDITION

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KCB Bank renews diaspora banking
push, sets sight on Kenyans in
Australia and Dubai
Kenyans in
Australia and
Dubai set to
benefit from
chama and
investments
focused
products
KCB Bank
Kenya has
stepped up
its foray into as critical participants in the
Australia and
Dubai to offer Data from the CBK shows that
Kenyans in
the diaspora a chance of taking
part in the vibrant economic and
investment opportunities back
home.
The bank kicked off a month long
tour of Australia on 23rd March
and Dubai on 11th April, to
popularize its Diaspora banking
and investment solutions. The
diaspora solutions will ride on
vibrant sectors such as Kenya’s
booming property market and
building and construction sectors
to offer value to customers.
“Trust is one of the main concerns
for our customers in the diaspora.
That is why our diaspora banking
solutions are structured to offer
the peace of mind that assures
them of secured investments
through a guided and inclusive
process.” said Vincent Aberi, KCB
Vincent Aberi, KCB Head of Diaspora Banking
Head of Diaspora Banking
In the last two decades, Kenyans
from the diaspora have emerged
growth of the Kenyan economy.
remittances as a share of GDP
stabilized at 2.3 per cent over
the 12 months to October 2017,
underlying the fact that diaspora
remittances have become a key
support of the shilling.
Furthermore, last year Kenyans
abroad sent home a total of
KShs.185 billion, making the
remittances the largest source
of foreign exchange for the
country ahead of tourism and
horticulture – a clear indication
of the transformational impact
of diaspora remittances from
Kenyans.
KCB Bank diaspora banking
solutions serve customers in
Australia, USA, Canada, Africa,
Europe and the Middle East.
Deposits currently stand at
KShs. 2.1 billion with significant together to celebrate their
growth expected over the year
as the bank explores entry into
other markets.
The trip to Europe by the KCB
Bank diaspora team follows
previous successful tours in
America and UK early this year.
“Our objective for this trip is to
keep Kenyans all over the world
up to date with the booming
property market trends back
home. We already offer 360
degree services from buying,
building, getting approvals,
selling and managing of land to
offer value and convenience to
our customers. They deserve to
prosper even while away from
home,” he added.
The Australian and Dubai tour
will involve trainings for agents,
chamas and saccos on investment
opportunities in Kenya and the
banking solutions KCB Bank
offers for a seamless experience.
Beyond business as usual,
the tour will include leisurely
park events, bringing Kenyans
patriotism and experience a taste
of home.
Banking