5th May, 2017: ABC Bank has been recognised as the third Bank with the Lowest Charges for SMEs in Kenya.
The bank scooped the award during the 2017 Banking Awards gala organised by Think Business. This award affirms the bank’s commitment in supporting the SME sector as a key driver of the economy, by offering tailor-made financial solutions at favourable rates.
ABC Bank has over the years solidified its market position as the preferred SME bank in a country with more than 17 million SMEs, with 98 percent of them contributing 25 percent of the country’s GDP and employing up to 50 percent of the workforce, according to the Kenya National Bureau of Statistics.
ABC Bank has a fully fledged and dedicated SME Banking Unit run by a team of professional and experienced bankers with practical understanding of the SME segment. Every client is assigned a dedicated Relationship Manager and Relationship Officer to walk with them through their daily pursuit of business growth and success. Our team regularly meets all clients at their business premises to listen to their needs and offer free expert business development and management advisory.
Some of the products offered include asset finance, term loans, overdraft facilities, cheque discounting, supply chain financing, construction and project finance, mortgage facilities and trade finance.