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Banking awards

11th May, 2018: ABC Bank had a double victory during the 2018 Banking Awards gala organised by Think Business held at Radisson Blu Hotel

The Bank was awarded:

2nd Runners-Up – The Most Customer-centric bank

2nd Runners-Up – Bank with the Lowest Charges for Individuals

The awards affirm the Bank’s commitment to uphold our core value of customer centricity where we strive to be an understanding, friendly, flexible and reliable bank in meeting our customer needs.

ABC Bank is dedicated to creating relationships with our customers and journeying with each client in their individual pursuits by having a dedicated team and tailor-made financial solutions at affordable rates to meet our customer’s unique needs

We thank you for your support. Your success is our success. Asante sana!

 

On Monday, 7th May 2018, HR Manager Julius Muhia presented a school fees cheque to Evalyne Mugure, a form two student at Karima Girls in Kinangop, Nyandarua County.  ABC Bank has put initiatives to empower communities through education as a way of giving back to the society. In the words of Nelson Mandela, “Education is the most powerful weapon which you can use to change the world.”

 

On Saturday, 28th April, ABC Bank a.k.a Friends Of Kayole (FOK) visited Kayole Children’s Home and surprised them with “Back to School” goodies.

ABC Bank has over the years supported Kayole Children’s Home, led by our selfless Audit team, through various initiatives such as quarterly visits, donating food stuffs and toiletries, paying school fees for some of the students and spending time with them.

The staff cooked for the children, danced and played games with them. They wrapped it up by presenting the children with Back-to-School hampers for each student and foodstuff and toiletries for the home.

ABC Bank General Manager - Treasury and Financial Institutions Philip Wambua (right) presents a dummy cheque to Sister Brigid Marnane (left) of Mater Hospital in support of The Mater Heart Run 2018

 

On Thursday, 19th April 2018 ABC Bank donated Sh. 500,000 to the Mater Misericordiae Hospital in support of this year’s Mater Heart Run to be held on Saturday 26th May 2018 at the Nyayo National Stadium.

ABC Bank has supported The Mater Heart Run over the years as our continued commitment to investing in the health sector as a way of giving back to the community.

Since the Mater Cardiac Program started in 1996, the program has benefited over 3000 children to date. Majority of the beneficiaries are Kenyan children from all over the country; however children from Uganda, Tanzania, Ethiopia, Malawi and Zambia have also benefited from the fund.

ABC Bank is back at it again for the Diaspora people. If you thought surprising your loved ones back at home on Valentines day courtesy of ABC bank was huge, then you haven’t had the best of ABC Bank yet. Here is a great opportunity for all ABC Bank Diaspora clients to win a return ticket back home among other great prizes to be won.

All you have to do is provide us with both your details and those of your fellow Diaspora loved ones through the link provided below. Try it and you could be the lucky winner of a return ticket back home, a shopping voucher, have your rent paid among many other prizes to be won.

ABC BANK REFER & WIN CONTEST

On Saturday 7th April, poets in Kisumu took their best rhythm and flows to the East Africa Poetic Challenge held at Acacia Premier Hotel.

ABC Bank participated in the event and some of our Kisumu branch staff attended the event. Willy Oeba, the winner of the challenge, was presented with a cheque by Kisumu Deputy Governor Dr. Mathews Owili

Head of Risk & Compliance John Rioba (left) present a school fees cheque to Eliza Rhobi Mwita (right).

On 16th March, ABC Bank Head of Risk & Compliance John Rioba presented a school fees cheque to Eliza Rhobi Mwita. She joined Bunyore Girls after scoring 402 Marks in last year’s KCPE examination. Eliza was the top performer in Ntimaru Sub country, Siabai location.The Bank sponsored her for her exceptional performance. President of Havard University Drew Faust once said, “We educate women because it is smart. We educate women because it changes the world.” ABC Bank believes in supporting programmes that empower the community and foster togetherness.

ABC Bank Kisumu Branch Manager Douglas Okiring' gives a speech during the event.

ABC Bank sponsored a Hindu Council Event held in Kisumu on Friday,16th March 2018 at the Sanatan Hindu Union Hall organised by the Hindu Council of Kenya – Kisumu to celebrate the art of dance. The music was performed by India’s renowned choreographer, Mr. Amrit Sinha and the theme of the event was religious Tulsi plant as a special connection point between the heaven and the earth.

The Bank has supported the event for two consecutive years and utilized the opportunity to strengthen the relationship between ABC Bank and the Indian community in Kisumu.

Valentines Day

On Valentines day, ABC Bank was painting the town red…..with flowers and gifts. The Bank staff went about delivering Valentines gifts on behalf of our diaspora customers to their loved ones. It was a day filled with smiles and tears as recipients were amazed how their loved ones in the diaspora were able to surprise them with gifts despite being far away.

This is in line with the Bank’s mission of creating stronger relationships and demonstrates our strong beliefs in family values and relationships.

 

ABC Bank has once again supported The Cluster Foundation, a charity organization that provides assistance and support to people with spinal cord injury commonly known as paraplegics. ABC Bank has ​supported​ the foundation since 2012 as part of our corporate social responsibility investment.

 

On Monday, 29th January 2018, our Nakuru branch opened its doors to customers at their new location. The move was marked by prayers and dedication of the branch led by Rev Francis Orale of Mountain Deliverance Church.

Thank you for your business support. Karibu Sana!

Eldoret Fund raising

On Sunday, 7th January 2018, ABC Bank Eldoret Branch staff joined Hon. Janet Sitinei, MP for Turbo Constituency, Uasin Gishu County,  for a fundraising ceremony to raise school fees for 31 needy students from Turbo constituency who scored 350 marks and above in the KCPE examinations to enable them join secondary school. The Bank has been supporting community initiatives in the education sector, for it is through education that we change the world.

ABC Diaspora Mbuzi Party 2017

On 15th December 2017, ABC Bank, led by the Diaspora team, hosted the second edition of the “Diaspora mbuzi choma party” at the La Maison Royale, to appreciate our Diaspora customers who are in town to celebrate the festive season with family and friends. The Bank organised the get-together meeting in partnership with Username Investments, to interact with its Diaspora customers, strengthen the cordial relationship and identify opportunities for mutual cooperation.

“This was a great opportunity not only for the Bank to interact with the diaspora customers, but also for the customers who are in the same countries to network. They also discussed with investment professionals who advised them on current investment opportunities in the country,” Joseph Waithaka Head of Diaspora Banking said.

Standard Chartered STP Award

30th November, 2017: ABC Bank was recognized by Standard Chartered Bank for diligence and accuracy in Transactions and payments formatting (Straight Through Process – STP) during a Cocktail and Award ceremony held on 30th November, 2017 at the Norfolk Hotel. Standard Chartered Bank, our intermediary bank for international payments, awarded us for ensuring that our payments are sent in the accurate format. This means that the payments are automatically processed by the systems hence not requiring manual intervention.

CoG Awards

30th November, 2017: ABC Bank won three awards during the 2017 Champions of Governance (CoG) awards organized by the Institute of Certified Public Secretaries of Kenya held at the Radisson Blu Hotel.

The Bank was awarded:

· Winner – Most Improved Organization 2017

· 1st runners up – Finance and Investments category

· 2nd runners up – Champion of Governance 2017

The awards affirm the Bank’s commitment in implementing and complying with principles of good governance of responsibility, accountability, fairness and transparency. The Bank has over the years invested in processes to ensure adherence to industry guidelines and that support good governance in relation with its internal and external stakeholders.

We are truly grateful for your support that has made it possible for us to come this far and be feted. Asante sana!

CSW_2017

9th October 2017: ABC Bank joined the world in marking this year’s Customer Service Week by celebrating its relationship with customers in all its branches. The Bank engaged customers and staff in a variety of exciting activities.

The annual week-long event was marked from 2nd to 6th October. This is an international celebration of the importance of customer service and of the people who serve and support customers on a daily basis. Locally, the event is coordinated by the Institute of Customer Service of Kenya.

Customers were treated to a selection of goodies and lucky dips were lucky participants walked away with an assortment of prizes. In an effort to improve its service to customers, the bank utilized the opportunity to receive feedback from customers.

Here is a pictorial round-up of the week’s events both at branches and the Head Office.

The Libra Branch team donned in cowboy-themed attire to celebrate the week.

CSW 2017

The Diaspora/ Retail Banking team stepped out in summer wear.

CSW 2017

The International Business Division (IBD) team showcase their African wear.

CSW 2017

The Westlands Branch team cuts a cake with customers to celebrate the week

Nairobi August 1, 2017: ABC Bank has enhanced its anti-money laundering program with a new anti-money laundering software which is a fully automated and robust application that features sophisticated architecture that shields it against risks associated with criminal financial dealings by automatically monitoring and blocking suspicious transactions on a real time basis.

The software design combines all major functions of anti-money laundering systems, making it highly effective in helping the Bank comply more comprehensively not only with the Proceeds of Crime and Anti-Money Laundering (Amendment) Act 2017 but also with the Foreign Account Tax Compliance Act (FATCA), a US regulation that requires foreign financial Institutions to report on foreign assets held by their American account holders. It is also effective in preventing terrorism financing globally.

“The nature of banking is rapidly changing, and this makes monitoring of unusual transactions or verifying a customer’s identity complex and time-consuming. That is why we have upgraded to more superior software that will result in greater efficiency and reduced risks for the bank,” Group Head of Risk and Compliance John Rioba said.

With enhanced real-time transaction monitoring capability, the application identifies any suspicious account activity and also patterns, thus enhancing compilation of real-time filing of Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs). It also features a Cash Transaction Reporting (CTR) system, which identifies and reports large cash transactions of Sh1 million ($10,000) and over, as per regulatory requirement.

Mr. Rioba added: “To achieve optimum efficiency in the implementation of our AML program, we have reviewed all our policies and processes to ensure they are efficient and in line with current requirements, the methodology and technology are sound, and our personnel well trained in line with internationally accepted best practices besides the compliance application from Infrasofttech through its local partner Innovative Software Technologies limited, ISTL in Kenya”.

College House Branch

IPSL- KBA, has partnered with the National Treasury, Central Deposit and Settlement Corporation (CDSC) and the Nairobi Securities Exchange (NSE) to allow M-Akiba trading through PesaLink.

The initial bond offering targets to raise Sh1 billion with a green shoe option of Sh3.5 billion.

Through a circular to bank chief executives, IPSL, the Kenya Bankers Association (KBA) subsidiary that runs the PesaLink service, said it had been invited by the National Treasury to participate in the bond due to PesaLink’s higher transaction limits. PesaLink allows customers to send upto Sh999,999 at a low cost, making it the ideal platform for those purchasing the bond.

According to the circular, IPSL will be using Paybill numbers to facilitate bond trading. “M-Akiba will be enabled through the NSE PesaLink Paybill number 889 and facilitated through PesaLink.

To trade in the bond, you will be required to register on the NSE MyTrade through NSE short code *889#.

The process:

1. Log into your individual Bank channel

2. Navigate to PesaLink option

3. Select ‘send to phone’

4. Enter 889 as the mobile number (This is the number mapped to M-Akiba account)

5. Enter amount

6. Enter reason for payment (for this purpose, enter your ID number)

7. CDSC through their nominated bank will confirm payment receipt and issue corresponding security.

For further support, contact us on talk2us@abcthebank.com or call 0701 700 700.

ABC Bank hosted Kisumu an Iftar dinner as for Muslims in Kisumu, as the faithfuls around the world marked the end
of the holy month of Ramadhan.

Iftar is the meal served at the end of the day during Ramadan, to break the day’s fast. Literally, it means “breakfast.” Iftar is served at sunset during each day of Ramadan, as Muslims break the daily fast.

The bank used the opportunity to demonstrate its support for communities among which it operates, as well as to strengthen its ties with existing clients and to establish contact with new ones.

Through its Kisumu branch, the bank organised the event as a way of appreciating the Muslim community there for their business support. The event drew both customers and non-customers alike.

Kisumu Iftar

A cross-section of Muslim faithfuls at the event.

ABC Bank’s Koinange Street branch has moved to a new location on College House at the junction of Koinange Street and University Way in Nairobi.

The new redesigned branch opened its doors to the public on Monday 19th June 2017. The relocation is part of the bank’s plans to enhance convenience of access for customers.

The bank has redesigned its branches to respond to the changing needs of the discerning banking public, and to provide a unique banking experience to its customers.

ABC Bank sponsored the food festival and fun day organized by the Medical Fund of Siri Guru Singh Sabha in Mombasa. It was also the 23rd anniversary celebration.

The Medical Fund is a Sikh charitable health fund founded on the principles of hard work, sincerity, honesty and sharing with others. It fund mobilises resources from its members who contribute to a common pool from which all benefit equitably.

The bank’s sponsorship was in appreciation of the fruitful relationship it has had with the Sikh community in Mombasa and across Kenya.

18th May, 2017: ABC Bank has donated Sh100,000 to the Mater Misericordiae Hospital in support of this year’s Mater Heart Run to be held on Saturday 20th May at the Nyayo National Stadium.

Presenting the cheque, ABC Bank’s Head of Retail Banking Amanda Corline said the bank is committed to investing in health care support initiatives as a way of giving back to communities where it has operations.

Started in 1996, the Mater Heart Run is an annual event that seeks to raise funds for the treatment of children with heart conditions, either through surgery or interventional cardiac catheterization.

Since inception, the Mater Cardiac Program has benefited over 3,000 children. The program has grown from handling 20 open heart operations to 200 cases a year. The majority are Kenyan children; however children from Uganda, Tanzania, Ethiopia, Malawi and Zambia have also been treated.

May 11th, 2017: ABC Bank Diaspora team is in the US for a week-long customer engagement drive meant to strengthen relations with its Diaspora customers. During the trip, the team will tour Wichita- Kansas, Dalls-Texas, and other towns in Massachusetts- Springfiled, Chelmsford and Sutton.

The tour is part of ABC Bank’s plan for Diaspora engagement and partnership-building to leverage the business opportunities both in the US and in Kenya that the Diaspora Community can benefit from.

Head of Diaspora Banking Joseph Waithaka- who has lived and worked in Oklahoma for the past 16 years- will be accompanied by a team from Dal Afrika, a real estate delevopment firm affiliated with ABC Bank.

On their tour of Massachusetts, the team will be accompanied by New England Kenyan Diaspora Sacco.

ABC Bank prides itself in providing distinguished financial service to Kenyans in the Diaspora, focusing not on remittances only, but on investments as well. Some of the investment products the bank offers to Diaspora clients (groups and individuals) include construction and project financing, mortgages/home loans, land purchase financing and asset financing among many others. The bank also offers professional investment advice to customers to enable them make informed investment decisions and enlighten them on the best investment opportunities available in Kenya.

Additionally, ABC Bank has a wide range of international money transfer services that customers can use to conveniently and securely send funds to their loved ones back in Kenya. Our award-winning Internet Banking service and user-friendly iOS and Android App which offer customers a borderless, seamless and convenient banking experience; secure local and international account-to-account transfers, mobile transfers and much more. It literally makes you your own bank teller, using PC, mobile or tablet.

For more details, contact joseph.waithaka@abcthebank.com or diaspora@abcthebank.com