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ABC Bank participated in the virtual Inua Biashara Day organized by Kenya Bankers Association held on Friday, 25th June 2021. The event was aimed at recognizing and celebrating the SME sector for their immeasurable impact and resilience despite being gravely affected by the economic fall-out from the coronavirus pandemic which has been worsened by the lockdown measures.

The event set the stage for the industry to mark the International Day of Micro, Small and Medium-sized Enterprises which is scheduled to take place on 27th June 2021.

The Bank also participated in the virtual SME Bank Tradeshow event organized by KBA where member banks through the Tradeshow will virtually exhibited their services and products. The Tradeshow also allowed us to interact with potential or existing customers virtually where over 100 visitors visted our virtual booth and interacted with our representatives.

The event drew participation from representatives from the Government, Kenya Private Sector Alliance (KEPSA), Kenya Association of Manufacturers (KAM), and MSMEs.

The events were as follows:
Tue, 22nd June 10:00am to 11:30am – Blended Finance and the Green Economy Workshop
Thur, 24th June 10:00am to 11:30am – SME Finance Virtual Tradeshow Opening Ceremony
Thur to Sat, 24th to 26th June 9:00am to 3:00pm – Virtual Tradeshow

ABC Bank was feted with four awards during the Think Business Awards 2021 event held on Friday, 28th May 2021.

The Bank was awarded:

1. Best Bank in product marketing – 2nd runners up
2. Best Bank in sustainable Corporate Social Responsibility – 2nd runners up
3. Best Bank with lowest tariffs for individuals – 2nd runners up
4. Best Bank in Customer satisfaction – Tier 3 – 1st runners up

The theme for the awards this year was Building Back Better After Covid-19. The Think Business Awards event is aimed at encouraging innovation, prudence and stability in the banking sector by recognizing, awarding and celebrating exemplary performance in the sector. Over the years, ABC Bank has been recognized in various categories and scooped several awards such as Bank with the lowest charges. 

Asante sana for making us winners!!

ABC Bank launched webinars as a customer education and brand building tool. This will help in disseminating relevant knowledge that will improve our customers’ financial management skills and build stronger relationships with them. Due to the current pandemic, we will be conducting webinars as an avenue to share financial knowledge. We will be doing a series of targeted webinars with carefully selected niche audiences.

The Bank will be partnering with various experts for these webinars. For our first webinar, we partnered with Grant Thorton to demystify the new tax developments and share practical steps to handle KRA tax issues. Grant Thorton are a business advisory firm providing advisory, tax, assurance, auditing and accounting services to organisations. The Grant Thorton tax consultancy team are experts in tax and have held numerous webinars sharing knowledge and discussing tax issues. This webinar was aimed at educating small business owners on how to go about handling tax issues.

The webinar was conceptualized and executed by our SME Department led by Head of SME, Lee Gachomba, who moderated the session. “It was quite an educational session and I believe our customers got a lot of the challenges they face around tax issues when running small businesses, addressed,” said Lee Gachomba.

The Bank has integrated directly with Kenya Revenue Authority to offer our customers iTax service where they can conveniently and directly make payment of taxes through our Internet Banking platform or our branches.

On 15th March, ABC Bank staff led by the Audit Department did it again! Another path to success was paved when they came together to contribute funds to purchase a laptop for Mactarion Mwende. Mactarion is an orphan who has been staying at Kayole Girls Street Children Rehabilitation Home since 2010.

ABC Bank supported her to further her studies at Jaramogi Oginga Odinga University of Science and Technology where she is pursuing Bachelor of Science degree in Community Health at Jaramogi Oginga Odinga University of Science and Technology.

8th March marked International Women’s Day. The theme this year was #ChooseToChallenge. A challenged world is an alert world. Individually, we’re all responsible for our own thoughts and actions – all day, every day. Therefore we can choose to challenge gender stereotypes, inequality and bias among others.

As part of celebrating International Women’s Day, the Bank celebrated our women customers in the branches and presented them with gifts. We also appreciated our women staff in head office and branches with gifts as a token of appreciation.  

We celebrate and appreciate our ladies!!

Valentines gift

In this day of social distance, love knows no boundaries. We went the extra mile on Valentines Day by helping customers in the Diaspora to spread love to their family and friends. It’s been a tough time and most of them did not get to see their loved ones due to travel restrictions. ABC Bank bridged the gap by buying Valentines gifts on behalf of our customers and delivering them to their loved ones.

They were all really overjoyed and touched with the heartfelt gesture of love. At ABC Bank, we strive to serve our customers and help them achieve the extraordinary through the small gestures of delivering valentines gifts to meeting our customers’ financial needs.

Dummy Cheque Presentation - Kisumu Golf

ABC Bank sponsored the Jaramogi Oginga Odinga Memorial Golf Tournament that was held on Saturday, 30th January, 2021 at Nyanza Club – Kisumu. The event was aimed at celebrating the life of the late Jaramogi Oginga Odinga and commemorating his 27th death anniversary.

The theme of this year’s memorial golfing event was Building Bridges. The tournament served as an opportunity to bring together people from diverse sectors in a competitive event for all handicapped golfers whilst also facilitating discussions, linkages, enjoyment and promote peace in the country.

ABC Bank is honored to participate in community activities that support bringing together people and promoting unity.

Have you ever wondered which account is most suitable for your financial needs? Well, we have the Key Facts Document that outlines all the features, benefits and charges of our various products to help you decide what product or service best suits you. The document breaks down all the information a customer needs to know when signing up for our products and/or services.

This should be read in conjunction with our tariff guide here that lists all our products and charges. Also our FAQs section here will answer any questions you may have about our products or services

FAQ

Did you know it’s very easy to get any information you want about the Bank, transacting or even your account at the click of a button? We have the Frequently Asked Questions section on the website under Resources that answers all your banking questions. We have compiled a list of common questions from our customers to make it easier for you to be informed. No need to get stranded or have to remember all our branch opening hours; find answers to all your questions in one place.

On 24th December, ABC Bank staff visited Kayole Children’s Home to deliver the Bank’s Christmas gift to the children. ABC Bank has been supporting the Children’s Home for many years and as per our Christmas tradition, we wrapped the year sharing the Christmas spirit of love and sharing with a Christmas blessing to the children including 2 goats because Christmas is not complete without ‘mbuzi’.

ABC Insurance Brokers has announced a partnership with Prudential Insurance to offer their customers the ABC Kwaheri Plan, a life insurance cover payable in the event of death to cater for burial expenses. This product is unique in its scope of coverage, allowing policy holders to cover up to 10 family members including parents-in-law. The policy is affordable starting from as little as Kshs 2,500 per year. This product is designed to be convenient and affordable so that the insured member can enjoy peace of mind during these uncertain times.  


ABC Kwaheri Plan is part of a unique bouquet of affordable, accessible insurance products offered by the brokerage firm. ABC Insurance Brokers is part of the ABC Bank & Group which has a keen focus on diaspora banking to ensure that they offer their diaspora customers a bouquet of services that meet all their financial needs ranging from savings, investments, insurance among others. The Kwaheri Plan caters for unforeseen bumps in the road of life e.g. death of family members in Kenya or the repatriation of a loved one who passes on outside the country. Being in the diaspora especially and having to plan to travel on a whim, might make a difficult situation more overwhelming with the additional costs.

“ABC Bank & Group aspires to be a one stop shop for all our customers’ financial needs to give a holistic customer experience banking with us. We are proud to partner with Prudential to offer our customers a life cover that will ensure they have peace of mind especially during turbulent times such as we are in now, facing the Covid pandemic. The ABC Kwaheri Plan is a unique solution offering an affordable insurance cover and access to professional insurance advisory,” said ABC Bank Group Managing Director, Shamaz Savani. 

“Prudential is delighted to partner with ABC Bank to provide insurance solutions which help customers get the most out of life and provide peace of mind during these uncertain times,” said Prudential Kenya CEO, Raxit Soni.

The ABC Kwaheri Insurance Plan is a great additional offer for any customer who would like to secure their loved ones future.

On the 16th of December, the Bank donated old newspapers to (TCF) to go towards the support of people living with spinal cord injury. 

The Cluster Foundation (TCF) is a hub of hope for the persons with spinal cord injury, also known as paraplegics. Established in 2008 with the objective of restoring hope and rekindling zest in the lives of paraplegics, TCF has been the main beneficiary of the Bank’s old newspapers since year 2012.

The organization has so far served over 280 Spinally Injured Person (SIP) in 10 counties.

On 30th November, ABC Capital client, Nairobi Business Ventures Limited has listed an additional 415 Million shares completing its restructuring process and the onboarding of a new investor, Delta International (FZE).

Following the restructuring, Nairobi Business Ventures (NBV) will now focus on manufacturing, importing, and selling raw materials used by cement and steel processors and other companies in the infrastructure sector.

NBV says that with the infrastructure set to grow on the continent, there are opportunities to supply companies making end products such as cement and steel.

“Africa is the future of economic opportunities and NBV is committed to join the race with its contribution. We want to part of the Big Four agenda of the Kenyan Government also and our main focused sectors of activity shall be infrastructure,” said NBV Chairman Haresh Soni at firm’s bell ringing ceremony.

NBV has listed 415 million new shares on the Nairobi Securities Exchange (NSE) following a Ksh83 million investment by Dubai-based Delta International FZE in early November. The transaction advisers for the deal were ABC Capital, who was represented at the listing event by Group MD, ABC Bank and Group, Shamaz Savani.

Commenting on the restructuring, the NSE Chairman, Mr. Kiprono Kittony noted, the restructuring marks an important milestone for Nairobi Business Ventures Limited. The capital injection as well as the new business focus will play a significant role in reviving business operations as well as renew investor’s confidence in the prospects and future of the business”.

The investment also resulted in NBV getting a new board of directors.

NBV was first established as a leather products retail chain operating under the brand name “K Shoe” but has made the strategic decision to exit the retail businesses, which is facing numerous challenges. Instead NBV will enter venture into trade and the manufacturing of sustainable products used by companies in the infrastructure sector.

For many years, ABC Bank has provided educational sponsorship for vulnerable children at all academic levels. The Bank sponsored Mactarion Mwende, an orphan, who has been staying at Kayole Girls Street Children Rehabilitation Home to join Jaramogi Oginga Odinga University of Science and Technology. Mactarion has been admitted to University to pursue her Bachelor of Science degree in Community Health. On 11th November, our sponsored student Mactarion Mwende reported to Jaramogi Oginga Odinga University of Science and Technology to pursue her higher education.

We are proud of what she has achieved so far and we wish her the best as she embarks on this new journey.

ABC Bank sponsored the Fortune Sacco Football Club with Branded T-shirts, caps, training bibs and soccer boots. The Bank staff presented the team representatives with the football gear on 4th October in Kirinyaga. This was part of the Bank’s CSR initiatives and was also aimed at strengthening our business ties. The Bank has been partners with Fortune Sacco since 2014 to provide cheque clearing solutions for the sacco members.

Fortune FC is a football team based in Kirinyaga, Kenya that focuses on uplifting our community through football. It is in the National Super League that then leads to promotion into the Kenya Premier League.

think business award

ABC Bank trounced the large pack of entries in this year’s Think Business Awards to emerge 2nd Runners Up in the Best Bank in Product Marketing category during the Think Business Awards event. The Bank was recognized for its efforts in marketing the ABC Global product that is targeted at their diaspora customers. The event was hosted online on Thursday, 23rd July and was themed ‘Responsible Banking in a New Era’.

The Think Business Awards event is aimed at encouraging innovation, prudence and stability in the banking sector by recognizing, awarding and celebrating exemplary performance in the sector. Over the years, ABC Bank has been recognized in various categories and scooped several awards.

We’re honored that our marketing efforts are being recognized by industry experts. This award signifies the strength of our business, the efforts of our staff and most importantly, the continued support from our customers.

Kayole book donation

“Reading gives us someplace to go when we have to stay where we are,” said Mason Cooley.

On Saturday 25th June, part of our ABC Bank team visited Kayole Children’s Home to deliver story books. The children were really excited to get so many storybooks that will keep them occupied with something constructive while they are home due to the Corona pandemic. It was a fun-filled day as the kids had fun and interacted with the Bank staff.

Merab Kivuti is the definition of beating the odds. Growing up in Kayole Children’s Home did not deter her from pursuing her dreams. She did not allow her circumstances to determine her destiny. She studied hard, passed her KCSE, and was admitted to Moi University. ABC Bank sponsored her with an education scholarship and she is now in her first year studying Tourism.

With the Universities closed due to the Corona pandemic, classes are now online for students. Merab needed a laptop to keep up with the classes and to help her keep up her grades. ABC Bank staff led by the Friends of Kayole (FOK) group teamed up to buy her a laptop for her studies and she was presented with the laptop yesterday at our Head Office.

Support staff

They say charity begins at home. This is what our staff believe in. On 26th June, ABC Bank staff gifted their support staff in the Head Office and Branches with packages to support them and their families during this tough Covid-19 pandemic times.

The support team has been at the forefront of ensuring that we are keeping safe during this period by ensuring our touchpoints are disinfected and clean. We appreciate our essential workers for their efforts and good work.