NCBA Feted as the preferred Bank in Asset Finance

NCBA Bank has, for the third time in a row, been recognized as the preferred bank in asset finance in the banking category at the Transport & Logistics Excellence  Awards held at Panari Hotel, Nairobi County on Friday.

The Transport & Logistics Awards is an annual event that brings together different stakeholders across various sectors in the transport industry and acknowledges their efforts in supporting the transport sector in the country.

According to Lennox Mugambi, Group Director, Asset Finance & Business Solutions: “This is a significant milestone for us at NCBA. This award underscores our laser-focused, customer-centric approach to business. We are happy that our customers are beginning to experience this through our day-to-day operations.”

“With a market share of more than 35 percent in asset finance, this means that our customers trust our asset finance solutions. We will continue to support them meet their business and personal needs. Currently, we have a 15 secs approval that has seen customers get pre-conditional approval for an applied asset finance facility – this is the shortest in the country. All these are efforts geared towards supporting our customers to meet their needs,” he added.

During the same event, NCBA Group Managing Director, John Gachora, was recognized for his leadership in asset finance in the banking sector. Mr. Gachora was awarded based on his significant contribution in the sector that has contributed to the deepening of financing solutions.

NCBA Bank shares in the goal of creating sustainable transport in Kenya by providing access to affordable financing options. Last year, the bank launched a logbook loan product that has enabled Kenyans to access up to 50 percent financing against an owned vehicle at the the lowest price in the market that not only enables customers to unlock value in the vehicles they own but also cushions them from predatory lending witnessed in this space.

The bank has also partnered with leading car dealers in Kenya such as Isuzu, CFAO Group, Simba Corp, Tata, and CMC Motors among others to give customers more options to own cars with ease.