Chase Bank Profit grows by 38% to 2.1B
18th August 2015….Chase Bank Kenya has seen customer numbers grow by over 200% to approximately 260 thousand on the back of an aggressive customer recruitment drive. This saw customer deposits go up 42% to 94.6B as profit before tax climbed 38.1% to reach 2.1B.
Commenting on the half-year results, Chase Bank Kenya Chief Executive Officer Paul Njaga attributed the bank’s impressive growth on the continued customer centric approach to dealing with its customers. “We as the Relationship Bank are constantly looking for ways to innovate in our product offering and give more value to our customers”
The Bank, which recently successfully closed an oversubscribed tranche 1 of a medium term note programme, has committed 60B over the next 3 years to SME financing in the areas of agribusiness, youth and women banking.
The mid-tier lender which is celebrating 20 years of existence, has seen its focus on women, SME and youth start to pay dividends with the aggressive push for alternative distribution channels gaining traction.
For further information, please contact:
Head of Brand, Chase Bank
Head of Marketing, Chase Bank
Account Manager, Avid PR
About Chase Bank
Chase Bank (K) Ltd was incorporated in 1995. The Bank received awards for being the Best SME Bank 2013/2014, Fastest Growing Bank in Kenya in 2009/2010/2013, CEO of the Year 2015, as well as a special award for product innovation, at the Banking awards 2011/2013/2015 in recognition for their role in creating innovative products for the SME market.
Chase Bank places a keen focus on the SME and the provision of innovative products for this ever-growing market. The Bank, modeled around relationship banking provides its customers with value added services like Bank Assurance, Bank Brokerage, and off shore investment opportunities with the aim of improving their overall customer experience.