ELDORET — Middle East Bank Kenya (MEBK) has expanded its footprint with the opening of a new branch in Eldoret, aiming to cater to the growing demand for innovative financial solutions among Small and Medium Enterprises (SMEs), improve access to credit for lower-income earners, and enhance digital banking services in the region.
According to Kenya News Agency, a statement made during the branch’s inauguration along Kenyatta Street in Eldoret town, MEBK, which was incorporated in 1980 and has an asset base of Sh 12.96 billion as of December 31, 2022, is leveraging its expertise and resources to contribute to economic growth and prosperity in Kenya and beyond.
Investment Secretary Esther Koimett highlighted the significance of the new branch in the bank’s strategic expansion efforts and its commitment to addressing the financial needs of Kenyan communities. Koimett emphasized MEBK’s customer-focused approach and dedication to offering personalized financial solutions. “At Middle East Bank, we prioritize understanding and addressing the diverse needs of our customers,” she remarked, underscoring the bank’s goal of empowering individuals and businesses to achieve their financial objectives through accessible and innovative banking products and services.
Uasin Gishu County Governor Dr. Jonathan Bii Chelilim expressed his enthusiasm for the branch’s opening, viewing it as evidence of the growing business momentum within the county and a demonstration of confidence in Eldoret’s economic potential. He welcomed the bank’s initiative and urged investors to consider the opportunities in Uasin Gishu County. The launch event, attended by county officials, including Moiben MP Phylis Bartoo, and bank leadership, featured a ribbon-cutting ceremony and provided attendees with an opportunity to tour the new facilities and meet the Middle East Bank’s management team.
MEBK remains committed to fostering financial inclusion, supporting economic development, and establishing strong community partnerships throughout Kenya. The bank aims to fuel the growth of MSMEs by recognizing their crucial role in the economy through digital innovation, inclusivity, environmental sustainability, and trade promotion.