KCB Boosts Mortgage Portfolio As It Signs Deal With Three Firms

Chloride Exide General Manager, Karanja Njoroge, KCB Director – Mortgage Business Sam Muturi and East African Cables Group Marketing Manager Phyllis Gachau review the highlight of the new partnership that seeks to benefit both existing as well as new customers, giving them enhanced product proposition.


KCB Bank Kenya has today partnered with three companies to offer added value to the lender’s mortgage customers, as it seeks to push up uptake of housing products.

The Bank said the partnership with Chloride Exide, East African Cables, and Crown Paints will benefit existing developers in its book as well as new customers, giving them an enhanced product proposition.

In the partnership with East African Cables, developers will enjoy up to 20% discount on cables bought from the Nairobi Securities Exchange-listed  cable maker.

KCB mortgage customers purchasing paints from Crown Paints will access up to 35% in price cuts while those buying solar water heating systems from Chloride Exide will be given at least 25 per cent in discount. They will also enjoy free installation upon purchase.

The Bank announced the deals during a sendoff ceremony for 30 developers who will be leaving the country for a fact-finding two-week trip to Brazil. The developers depart on February 29.  The trip is not only aimed to broaden their business scope but also to expose them to modern architectural designs which they could transfer to Kenya upon their return.

“We have worked out a comprehensive plan meant to boost home ownership and development across the country, hinged on offering an expanded product proposition” said the banks Chief Business Officer and Managing Director, for Kenya Samuel Makome

He added that,the Bank was keen on partnerships meant to better meet the needs of the modern customer.

To meet the growing housing demand, the Bank is continuously reviewing its policies to partner with stakeholders both locally and internationally to effectively oversee and facilitate greater customer benefits.

Increasingly, consumers are also demanding more than efficient banking services and are hunting for enhanced product and service proposition.

KCB has at least 450 active members in its Developers Club which brings together developers across the country.



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