Bank of Africa Kenya has launched a Sh 103 million Business Center at the Sameer Business Park targeting small businesses and huge deposits from multi-nationals setting up shops in the country.
The center, a one stop shop will offer multiple services in one location including transactional, trade finance, loans and advances.
BOAK acting Managing Director Anis Kaddouri, said the facility will enhance service delivery and reduce the time spent while locating the best service by enterprise clients.
It now brings to 34 the total number of branches the lender has opened in a span of 10 years.
The bank which began its operations in Kenya in July 2004 through acquisition of the assets and liabilities of Credit Agricole Indosuez, has seen its share capital grow from Sh250 million to Sh 5.3 billion shillings within the period through diversification to meet both retail and enterprise customers needs.
“Our initial focus when we entered the market was on SME and corporate customers but we have undertaken major realignments as we recognized the need to reach out to the “common Mwananchi.” said Kaddouri at the opening ceremony on Thursday night.
The lender is also targeting the public sector as it seek to expand its customer base.