Sidian Bank has relaunched its newly refurbished Kengeleni branch in Mombasa, reaffirming its commitment to empowering small and medium-sized enterprises (SMEs) in Kenya’s Coastal region. This move is part of the bank’s broader strategy to support the growth and success of SMEs across the country, particularly in areas rich in cultural heritage and economic potential.
SMEs, which encompass a wide range of businesses from family-owned shops to schools and JuaKali sector-based enterprises, are the backbone of Kenya’s economy. These businesses drive innovation, create jobs, and foster economic growth.
Sidian Bank, founded on the principles of empowerment and entrepreneurship, has become a reliable partner for these enterprises, helping them navigate the complexities of the financial landscape.
The bank’s renewed focus on the Coastal region underscores its dedication to tapping into the area’s untapped opportunities. The region is known for its deep cultural heritage and diverse economic potential, which local SMEs can leverage with the support of Sidian Bank’s personalized and innovative financial solutions.
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The relaunch of the Kengeleni branch, the fourth in the region, is a testament to Sidian Bank’s commitment to enhancing the banking experience for its customers. The bank has invested in creating newer, modern branches that cater to the specific needs of SMEs in the Coastal region.
Sidian Bank’s CEO, Mr. Chege Thumbi, emphasized the bank’s dedication to regional development and economic empowerment during the branch’s relaunch.
“Our initiative to support MSMEs in Kenya’s coastal region underscores the bank’s dedication to regional development and economic empowerment. By providing low-cost banking solutions, competitive interest rates and transparent fee structures, we aim to enable local businesses to overcome challenges, seize opportunities, and contribute to the broader economic landscape of the coastal region.” Mr. Thumbi stated.