ABC Bank has opened two branches in Nairobi, in an effort to expand its presence and deepen service access to its growing customer base. The two branches- Thika Road Mall (TRM) on Thika Road and Green House Mall along Ngong Road- are an addition to the four branches in Nairobi, and six upcountry – Mombasa, […]
ABC Bank has sponsored this Catholic Private Schools Education Conference held at the Catholic University from 8th to 11th March. The bank sponsored the event to the tune of Ksh. 250,000 in support of the church’s efforts in improving educational standards in the country. The conference has brought together about 600 delegates representing Catholic educational […]
The Bible Society of Kenya has benefited from a donation by ABC Bank in support of its Children’s Program. The bank donated Ksh. 100,000 to the society to go towards enhancing its Children’s Outreach Program activities. The program focuses on character formation and equipping pre-teens and teenagers with necessary life skills. The donation is part […]
ABC Bank has signed an agency banking partnership with Kirinyaga-based Bingwa Sacco as part of its strategy to reach more customers and enhance its service offering. Through the agreement, ABC Bank customers can now access financial services at any of the 18 Bingwa Sacco branches. The agency banking model is increasingly answering the call for […]
ABC Bank has donated Sh.250,000 in support of health facilities under the Catholic Church. Presenting the donation to the Kenya Conference of Catholic Bishops, Head of Retail Banking Amanda Corline said the bank is committed to plugging the gap in health care by supplementing the public sector efforts by partnering with the private sector. The […]
ABC Bank hosted the Chinese community living in Kenya as they ushered in their new year at the Villa Rosa Kempinski. The event was organized by Guangdong Association, an umbrella body of Chinese business people in Kenya. The Chinese New Year begins on 8th February, and is the Year of the Monkey, the ninth animal […]
Bank customers are now required to declare names of beneficiaries of cash withdrawals above Sh1 million and justify why such large transactions cannot be done using electronic transfer channels. This is according to additional prudential guidelines issued to all banks by the Central Bank of Kenya (CBK) in a circular dated 5th January 2016. The […]
ABC Bank and the European Investment bank have signed a Ksh. 554.8 million (Eur 5M) for onward lending to Kenyan small and medium enterprises (SMEs). The credit line from EIB is a top up of a previous Ksh. 770 million that ABC Bank received in 2012, which made ABC Bank the first local bank to […]
ABC Bank has launched a money remittance solution to facilitate fast, secure and cost-efficient money transfers from Kenya to India. This is part of the bank’s strategy to grow its reach in to new frontiers. The new solution, dubbed iRem, enables ABC Bank customers and non-customers alike to make person-to-person, business-to-business and business-to-customer funds transfer […]
The Global Credit Rating Company (GCR) has upheld last year’s ABC Bank upgraded rating of national scale short term A2 (KE) and long term BBB (KE) with the outlook accorded as Stable. An A2 rating, according to Fitch Ratings, is a very high credit quality rating and denotes expectations of very low default risk. It […]
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