The Family Bank of Kenya has committed to increase funding for Small and Medium Enterprises owned by residents in Busia County. This was revealed by the incoming Chief Executive Officer of Family Bank Mrs Rebecca Mbithi.
Speaking when she paid a courtesy call to Busia County Governor Sospeter Ojaamong on Monday, the CEO designate said Busia County is the bank’s key investment partner with a lot of trade taking place.
“As an SME Bank we plan to increase the level of support to Busia in areas of trade and Agriculture; this will go a long way in boosting the economy of the county which is the economic hub of Western region,” she said.
The incoming Chief executive was flanked by Family Bank’s founding member Mr. Titus Muya. They both noted that Busia County was the first county outside Nairobi the new CEO has visited since her appointment to the new position, confirmewing that the county is a major trading and investment partner with Family Bank.
Family Bank was the third financial institution to open a branch in Busia town after KCB Bank and National Bank of Kenya.
Ms Mbithi confimred that the Family Bank Busia town branch has been in operation since 2007 and promised to maintain it (the branch) for a ‘lifetime’.
Family Bank has 93 branches in 31 counties across the country and it’s the fifth largest bank in customer base in Kenya.
The County Governor promised to ensure active engagements between Busia County and Family Bank across numerous areas of mutual interest in order to help improve the economic well-being of Busia County residents.
Others present during the brief meeting included County Executive Committee Member for Agriculture and Animal Resources Dr Moses Osia and Chief Officer in the department Engineer one Charles Achiambo.