National Bank of Kenya has launched a value packed, multi-currency account targeted at Non Governmental Organizations (NGO) sector.
Engineered in close partnership with the NGO Coordination Board, the account becomes one of the first in Kenya to support a multi-currency receiver operation.
It enables NGOs receive and pay in a number of foreign currencies from one account that will also have the full benefits of internet banking.
Speaking during the launch graced by more than 50 NGOs, Executive Director of the NGO Cordination Board, Fazul Mahamed said this sector specific innovation in banking was welcome reiterating the growing need for efficiency in the NGO sector especially for the organizations with operations in far flung locations in the region.
“National bank is fast changing the landscape of banking for the NGO sector. We are supporting the bank in this because we believe efficiency will further promote the impact NGOs have in executing their mandate in the region,” said Fazul.
National Bank of Kenya, CEO Munir Sheikh Ahmed said with the launch of the Thamani account, NGOs now have at their service one of the most advanced banking products in Kenya.
“As a bank, we have come a long way in our transformation since 2012. We have completed laying the foundation for the rising of a proud better bank. We are now at a phase committed to delivering uniquely innovated value products for the various market segments we address. We will be making a lot of announcements around product innovation,” said Munir.
Nairobi as a regional financial hub has thousands of NGOs, some with operations across the borders.