Author Archives: admin

Kite flying festival

ABC Bank sponsors Hindu Kite Festival – 15th January, 2017

The Kite Festival (Uttarayan) is a Hindu celebration which marks the beginning of summer, according to the Indian calendar. It is a signal to farmers that the sun is back and that harvest season is approaching. This day is considered one of the most important harvest days in India, and communities organize kite competitions to celebrate.

ABC Bank sponsored this year’s Kite Festival held in Kisumu on Sunday 15th. The bank joined the local Hindu community in the celebrations and utilized the opportunity to appreciate them for their business support.

Upendo-1-300x222

Spreading the love at Upendo Children’s Home – 7th January, 2017

Upendo Children’s Home was founded 10 years ago by a Kenyan couple residing in USA with an aim to provide shelter for the street children, orphans and the homeless.

The Diaspora Banking team led other ABC Bank staff in a visit to Upendo Children’s Home on Saturday, 7th January 2017 and started their year with a bang and lots of goodies!

The smiles tell it all!

Diaspora Mbuzi choma

ABC Bank hosts Diaspora Mbuzi Choma Party – 15th December, 2016

Christmas is never complete without having Mbuzi Choma on our plates. ABC Bank Diaspora team hosted our diaspora customers, who are in town to celebrate the festive season with family and friends,  for a “Mbuzi Choma Party” on 15th December at Upper Town Grill restaurant.

The bank organised the get-together meeting to interact with its Diaspora customer, strengthen the cordial relationship and identify opportunities for mutual cooperation.

Head of Diaspora Banking Joseph Waithaka hosted the customers.

ABC Bank zooms in on Dubai customers- 7th December 2016

ABC Bank is planning a week long marketing blitz to the world’s luxury capital-Dubai, in an effort to strengthen ties with its Diaspora customer base as well as create new relationships. The trip, from 11th to 17th December, will see the bank’s Diaspora banking team hold meetings with different groups of Kenyans living and working there.

The meetings will be at Transguard accommodations, Palm Beach Hotel in Jumeirah, Atlantis Hotel, and Arkan Securities

The trip is part of ABC Bank’s strategy on Diaspora engagement and partnership-building to harness the emerging opportunities both in the Middle East and in Kenya that the Diaspora Community can take advantage of.

ABC Bank recognizes the crucial role Kenyans in Diaspora play in building the economy of the motherland Kenya, and is keen on partnering with them to conveniently midwife that process.  For instance, Kenyans working abroad increased the money they sent back to the country by 6.3 per cent in June to hit a record Sh15.6 billion, according to the latest data from the Central Bank of Kenya (CBK).

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.

COG Awards 2016

ABC Bank feted in Champions of Governance Awards- 4th November, 2016

ABC Bank’s star once again shone at the Champions of Governance Awards held at the InterContinental Hotel Nairobi.

The bank was awarded the 2nd Runners Up award in the Financial and Investments sector category in the seventh edition of the awards organized by the Institute of Certified Public Secretaries of Kenya, ICPSK.

ABC Bank was recognized for implementing and complying with high standards of good corporate governance. The bank has also made investments in innovations and processes that  support good governance in its internal and external operations and relationship with customers, stakeholders and the regulator.

This award reaffirms ABC Bank’s commitment to the principles of transparency, integrity and accountability by safeguarding shareholder interests, employing efficient practices in providing quality service and products to customers,  and open corporate communication channels.

ABC Bank supports AIC Kijabe Hospital Cancer Run- 21st October, 2016

ABC Bank has supported the AIC Kijabe Hospital Cancer Run with a cash donation of Sh100,000.

ABC Bank Group CEO Sridhar Natarajan presented the cheque to the hospital’s CEO Mary Mshindi at the bank’s Head Office in Westlands.

The hospital is organizing the run to raise funds to support its oncology unit that focuses on diagnosis and treatment of cancer.

There has been a sharp increase in the number of new cancer cases in Kenya, calling for private and faith-based health care facilities to step in to supplement the government’s investment in providing care to patients.

“ABC Bank understands the struggle many cancer patients go through especially when they are unable to afford treatment. That is why we support this initiative” , noted Sridhar.

Thanking the bank for its generosity, Mshindi said the hospital subsidizes the cost of treatment to help patients and their families overcome the financial and emotional burden associated with cancer.

Inetrbank Games

ABC Bank participates in 2016 inter-bank games- 8th October, 2016

ABC Bank took part in the recently concluded 32nd edition of inter-bank games which brought together Kenyan bankers at the Kenya School of Monetary Studies in Ruaraka, Nairobi.

Organized by the Kenya Institute of Bankers (KIB) the week-long competitions kicked off on 1st October, 2016 and were officially opened by Central Bank Governor, Dr. Patrick Njoroge, who is also the Institute’s Patron.

The ABC Bank team took part in athletics- men’s 100 meters and 1,500 meters- and put up a gallant show.

Twenty nine financial institutions took part in this year’s games compared to 24 in 2015. Participants are competing in 21 disciplines including football, basketball, volleyball, tennis, golf, swimming, athletics, squash, tug-of-war among others.

The annual competition provides the banking fraternity an opportunity to not only showcase their sporting talent and prowess, but also interact with each other in an informal setting.

Customer Service week

ABC Bank celebrates customers in Customer Service Week – 7th October, 2016

ABC Bank marked this year’s Customer Service Week by celebrating its relationship with customers in all its branches countrywide. Bank staff surprised customers by sharing  sumptuous cakes that left them smacking their lips with pleasure and satisfaction.

Customer Service Week is an international celebration of the importance of customer service and of the people who serve and support customers on a daily basis.

The bank customer service team used the opportunity to remind customers of ABC Bank’s commitment to their satisfaction and success, in line with ‘our vision of empowering customers to achieve the extraordinary’.

One of our customers, Reuben Kigame, was all praises of our service, writing his Facebook page: I must…single out the ABC bank for exceptional customer service…no matter the branch you deal with. … ABC Bank, Kudos for your consistency in good customer service and excellent communication channels… Let’s give credit where it is due.

Marianist OLN tank presentation

ABC Bank quenches thirsty Marianist OLN Primary School pupils- 5th October, 2016

ABC Bank has donated an 8,000 liter water tank to Marianist OLN Primary School in the Mukuru Kwa Njenga slums in Nairobi.

The school, under the Marianist Congregation of the Catholic Church  has over 2,500 pupils with a section for children with special needs.

The area experiences constant water shortage due to the high population, making safe drinking water a rare commodity. Besides drinking water, the school also feeds the large population of pupils at lunch time, and therefore uses large quantities of water per day. When the main pipe dries up, the school administration is forced to buy water from vendor, incurring huge additional costs.

Additionally, the water from vendors is not safe for consumption unless purified but the school lacks the capacity to purify water for the large population.

However, with the tank donation from ABC Bank, the school can supplement its water reserves to sustain them through dry days.

Speaking during the presentation of the tank at the school, Group CEO Sridhar Natarajan noted that ABC Bank seeks to balance its business strategy with social support programmes that will lift the living standards of Kenyan communities, especially the less privileged.

Oklahoma-Texas Diaspora tour

ABC Bank is coming to Texas and Oklahoma- 20th September, 2016

ABC Bank is planning a week long marketing blitz to the US in an effort to strengthen ties with its Diaspora customer base as well as create new relationships. The 10-day trip will see the bank’s Diaspora banking team traverse through Texas and Oklahoma States and hold meetings with different groups of Kenyans living and working there.

The highlight of the tour will be the East African Chamber of Commerce Trade Conference to be held in Dallas, Texas from September 29 to October 1 at the Sheraton Galleria. The fair is aimed at promoting trade and investment between USA and East Africa as well as encourage entrepreneurship as a job and wealth creation avenue.

The trip is part of ABC Bank’s strategy on Diaspora engagement and partnership-building to harness the emerging opportunities both in the US and in Kenya that the Diaspora Community can take advantage of. The fair will provide an opportunity to the team to meet with over 3,000 Kenyans drawn from across USA and Canada.

Led by the Head of Diaspora Banking Joseph Waithaka- who has lived and worked in Oklahoma for the past 16 years- the team will also attend a church service in Texas on October 2, where they will meet about 400 Kenyans. They will also hold a Town Hall meeting with the Kenyan community in Texas the following day, where they will interact with about 200 Kenyans.

ABC Bank recognizes the crucial role Kenyans in Diaspora play in building the economy of the motherland Kenya, and is keen on partnering with them to conveniently midwife that process.  For instance, Kenyans working abroad increased the money they sent back to the country by 6.3 per cent in June to hit a record Sh15.6 billion, according to the latest data from the Central Bank of Kenya (CBK). The data further shows that remittance inflows from North America increased by Sh831 million or 11.9 per cent and accounted for 49.3 per cent (Sh7.79 billion) of total inflows in June while inflows from the rest of the world increased by 13 per cent.

Higher Diaspora remittances help narrow the country’s balance of payments deficit thereby supporting the local currency. Diaspora remittances are the single largest contributor to foreign exchange ahead of major exports such as tea. This all-important cash flow from abroad is crucial in cushioning the shilling from dollar pressures.

Besides Texas, the team will also tour Edmond and Oklahoma City in Oklahoma State where they will have a series of meetings which will culminate in a nyama choma (roast meat) hangout with the Kenyan community there.

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.

The Tour Itinerary

Date Destination Activity
29 September- 1 October Dallas, Texas East Africa Chamber of Commerce Annual Trade Conference  @ Sheraton Galleria
2 October Dallas, Texas Meetings with local Kenyan churches
3 October Dallas, Texas Town Hall meeting with US-Kenyan Diaspora Organization
5 October Edmond, Oklahoma Meetings with various investment clubs (Chamas) and individuals
6 October Oklahoma City Town Hall meeting on investing in Kenya’s financial market
7 October Oklahoma City Meeting with various investment clubs (chamas) and individuals
8 October Oklahoma City Home visitsGoat eating with Oklahoma Kenyan Community
9 October Oklahoma City Sunday Service at Authority Church

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