SBM Bank opens branch in Eastleigh, Gikomba

SBM bank
An SBM bank branch on Mama Ngina Street in Nairobi. FILE PHOTO | NMG 

SBM Bank Kenya has opened new branches in Eastleigh and Gikomba in Nairobi and a third in Mombasa as it targets small and medium enterprises (SMEs) operating in the informal business hubs.

Speaking during the launch of the Ismariot branch in Eastleigh, SBM deputy chief executive Jotham Mutoka said the new outlet is aimed at giving traders an easier import-export business platform that is also available on the bank’s digital channels.

“Next month, we are launching the SBM Kenya-China link where all our customers will have a UnionPay Card giving them access to China’s financial system on a local platform,” he said Monday.

Mr Mutoka was responding to business owners’ concerns that they were having a difficult time paying for goods brought in from China.

Eastleigh and Gikomba are teeming with textile, groceries and electronic goods. The new outlet in Mombasa is located at Jubilee Arcade, bringing the count of the Mauritian lender’s branches in Kenya to 52.