BANKS SHOULD REACH OUT TO RURAL ECONOMIES – DG CHEMNO

BANKS SHOULD REACH OUT TO RURAL ECONOMIES – DG CHEMNO

Uasin Gishu Deputy Governor Daniel Chemno has asked banking institutions to reach out to rural economies by establishing their physical presence in sub-counties.

As devolution expands to the grassroots, financial institutions should think of establishing in these areas because we are opening expanding our governments, establishing offices and taking our services to the grassroots”, Chemno said.

Chemno spoke, Thursday at his offices when he hosted a delegation from National Bank of Kenya who had paid a courtesy call.

As a result of this expansion, the DG said, rural economies are blooming because devolving services means moving more money and transactions into the rural economies.

Following the merger with Kenya Commercial Bank, National bank is reaching out to its major clients including government institutions to reiterate their commitment to better services that come with increased financial muscle from the merger.

The coming together of KCB and National Bank means we can trade bigger deals, negotiate stronger MOUs and offer better services in terms of lending and development partnership programs”, National Bank’s Regional Manager.

Finance CEC CPA Julius Rutto who was also in the meeting appreciated the good working relationship which Uasin Gishu administration and National Bank enjoys and pledge future partnerships.

I wish to appreciate National Bank, they have been very helpful to us as bankers and financial counselors especially in ensuring efficiency and speedy processing of project transactions”, Planning CEC Eng Maritim said. he added that their efficiency goes a long way in building donor confidence in partnering with Uasin Gishu County.

Also present during the courtesy call were County Secretary Edwin Bett and Chief Officer Julius Rotich ( Agriculture) amongst other government officers.

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