NCBA hosted the 16th edition of the NCBA Johari Awards, an annual customer appreciation event that seeks to recognize its top-performing motor vehicle dealers, partners, and insurance brokers across the country, through the bank’s asset financing division.
Emerging as the overall winner was Emma Oyombe Twayler from CFAO Motors Ltd who was the top sales agent, in 2022. In second place was John Mwanzia from Rock plant Kenya Ltd and in the third position was Susan Joy Mukwaya from Simba Corporation Ltd.
Speaking during the event, NCBA Group Director Asset Finance, Lennox Mugambi said that Asset financing has been a key pillar and contributor to the overall growth and success of the bank.
“NCBA Bank shares in the goal of creating sustainable transport in Kenya by providing access to affordable financing. The transportation industry has played an indispensable role in society and the economy. The transport sector’s current contribution to the country’s GDP stands at 8.3% and as a bank, we are proud to play a part in this growth.” Said Mr. Mugambi.
NCBA continues to pride itself as the leading Asset Finance Bank in Kenya and the East African region with a market share of 35%. The bank has been at the forefront in assisting its clients to acquire new and used movable assets at competitive interest and term rates.
Also present at the event was NTSA Director General, George Njao who said that “One of our key objectives is to enhance knowledge and public awareness on safer road use by at least 40% of the current rate every year. The Transport sector is a very important industry as it supports the country’s socioeconomic interactions. Transport mobilizes a society and enables them to partake in economic activities which lead to economic growth and social development, and greatly influences society’s interaction with their environment.”
NTSA has been at the forefront of continuously improving road safety for road users through planning, managing, and regulating the road transport network, as well as harmonizing the operations of the key road transport departments, and helping in effectively managing the road transport sub-sector and minimizing loss of lives through road crashes.
This year NCBA created KES 2 Billion in funds to finance electric vehicles. This is the bank’s sustainability agenda is to drive the climate risk agenda in a bid to decarbonize the transport sector and is offering 80% financing in electric vehicles at the current market rate.