Dubai Islamic Bank opens New Branch in Nairobi ‘Banda Street Branch’
DIB Bank Kenya Limited, a wholly-owned subsidiary of Dubai Islamic Bank PJSC has expanded its branch network opening a new branch at JKUAT Towers, Banda street, increasing its footprint in Nairobi to four branches.
Dubbed ‘Banda Street Branch’ the new branch is strategically located to bring services closer to the ever-growing customer base of the bank and especially for those operating within the heart of Kenya’s capital city, Nairobi.
“By expanding the Bank’s footprint and customer touch points, we purpose to be more accessible and to offer convenience to our growing customer base. We are glad to finally open our doors to customers within the Nairobi Central Business District as we seek to continuously tap and support commercial enterprises, small and medium-sized businesses and even individuals. Our ultimate goal is to see that customers are served with utmost convenience, ease and simplicity,” said DIB Bank Kenya Managing Director and CEO Peter Makau.
The strategic expansion and location of the new DIB Bank Kenya branch not only provides access to customers but also helps strengthen relationships with key stakeholders who can be served through the diversified product offerings with particular emphasis on the Bank’s digital assets that ensures customers are able to transact effectively and conveniently.
“It is wonderful to be here today to witness the growth of our key market in the African region. The opening of this new branch is part of our expansion strategy as a group and a step in the right direction as we seek to penetrate the African market. With the past two years being difficult due to the global pandemic, I am happy to report that the bank has been able to navigate through the difficult economic period, with our group results positing a net profit growth of 58% to read AED 1.3 billion. This expansion is also a demonstration that indeed we are recovering from the global pandemic that affected many sectors of the global economy,” said DIB Bank Group CEO Dr. Adnan Chilwan.
Kenya Bankers’ Association CEO Dr. Habil Olaka said, “I would like to congratulate DIB Bank Kenya for this milestone in expanding its footprints, even as Islamic Banking continues to penetrate the country. The banking sector has continued to play a key role in the recovery of the economy post-Covid-19, and this expansion also means the economy is going to be positively impacted through job creation and financing of individuals and businesses. As an association, we will continue advocating for the industry and promote developments to ensure institutions like DIB Bank Kenya continue to flourish.”
DIB Bank Kenya marked its 4 years anniversary in 2021 with the commitment and promise to increase investments in the Kenyan market supporting the financing of all their business and individual customers