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Revolutionize Your Banking in the Region with the KCB Brand by Nok Bwonditi, Executive Director - KCB Bank Uganda. The KCB Brand Heritage; Regional Agenda. KCB Mgt Embarked on a Modernization Journey; Rebranded the Bank; New Look KCB Refurbished Branch Network ; Elegance & Ambience
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Revolutionize Your Banking in the Region with the KCB Brandby Nok Bwonditi,Executive Director - KCB Bank Uganda
The KCB Brand Heritage; Regional Agenda KCB Mgt Embarked on a Modernization Journey; • Rebranded the Bank; New Look KCB • Refurbished Branch Network; Elegance & Ambience • Re-engineered Processes; Customer Focus • Developed Regional Footprints; Subsidiaries in Tanzania, Sudan, Uganda, Rwanda, Zanzibar & Kenya • Expanded Branch Network; 214 in the Region
The KCB Vision and Mission • VISION; To be the preferred Financial Solutions Provider in Africa with Global reach. • MISSION; To drive efficiency whilst growing market share in order to be the preferred Financial Solutions Provider in Africa with Global Reach.
KCB GROUP • Over 114 years old • Balance sheet of kshs 221bn.(USD 2.7bn) • Customer deposits hit kshs 185bn.(USD2.3bn) • Loan and advances kshs 126.2bn.(USD 1.5bn) • Regional branch network of 214 branches with more branches at various levels of completion. • Over 4,000 permanent staff.
KCB Bank Sudan Ltd • Over 5 years old. • Balance sheet of kshs 12bn.(USD150m) • Loan and advances kshs1.65bn.(USD20.65m) • Deposits kshs10.3bn(USD128.8m) • Branches 11 (4 more branches by Sept) • Over 50,000 customers.
KCB Bank Uganda Ltd • Age: KCB Bank Uganda, 3 years • Balance Sheet Strength; Over UGX 125 bn(Usd 55m) • Customer Base; About37,000 Customers, • Deposits; UGX 111 bn.(Usd 49.33m) • Loan and Advances; Over UGX 54 bn.(Usd 24m) • Branch Network; 14 countrywide; • Staff Compliment; Towards 300 staff and a couple of temporary staff. • Corporate Citizen e.g. POAUR, Community Day, CSR Program
KCB Brand Promise; Integrated Regional Connectivity • IT Platform was not Able to Support the Regional Agenda; • 2 Independent Software Systems; TC3 &Beam version • 8 & 11 • System Required Manual Intervention • Vulnerability to Frequent Break-downs • No Integrated Banking Capability • No On-line, Real-time Capability • KCB Wanted a Versatile System with Several Capabilities to perform Regional Functionalities
The Temenos 24 Hours (T24) • Switzerland Based Company; Temenos 24 Hours (T24) • Founded in 1993, Temenos is a Leading Provider of Integrated Modular Core Banking Systems. • Clientele Base; Over 1,000 Clients in Over 125 Countries • Office Representation; 50 offices in 39 countries • Workforce; Over 3,500 Consultants from over 66 nationalities • Market Capitalisation; In excess of US$1.5Billion • Best Selling System; 2007, 2008 and 2009
In-Built Excellent Features; T24 This system has in-built capabilities; It can provide; • One Branch Bank Capability in the Region; • Fast, Efficient, Accurate and Reliable Financial Data to Customers • 24 hours, online, real time Banking Services • Capability to Develop IT Driven Products • Cost and time saving on remittances(no correspondent bank charges KCB – KCB).
Available Business Opportunities in the region • EAC Regional Integration by July 2010; Free Movement of Capital, Labor, Goods etc • Peace Prevailing in Most Countries; Creating Conducive Business Environment • Rich in Natural Resources; Attracting Direct Foreign Investments into the Region • Uganda’s Strategic Location; Most Consumer Goods in the Region are Imported from or Through Uganda.
Available Business Opportunities in the region Trade with the Larger Great Lakes Region with Market Potential of over 120 Million People Unprecedented Focus on Infrastructural Development in the Region. Majority of Countries Focusing on Economic Growth KCB Regional Footprints
Risk of Doing Business in the Region Insecurity and Safety Fake Currencies Foreign Exchange Losses Lack of Trust Infrastructure - Poor Roads, Poor Tele-Coms, Poor Power Supplies and Service Delivery Undeveloped Financial System Bad debts from dishonored instruments of trade.
Other challenges • BOSS pegging rates • Cost of airlifting currencies(from Nairobi). • Limited lending opportunities. • BOSS operates as a commercial bank(competitor). • Collapse of some indigenous banks created doubts amongst local community about bank services. • Islamic banking practices. • Cost of being a trend setter.
KCB BIZ-FLEX: • Easy and Safe Regional Payments & Collections • Funds Transfers • Letters of Credit • Telegraphic Transfers • Cash Deposits/withdrawals • Debit and Credit Cards • Trade Finance • Foreign Exchange management
KCB simplifies cross border payments • With Payments Going Through KCB You are Assured: • Instant Funds Transfers across the Borders • Security of Your Money • Managed Exchange Rate Risks • Improved Cash-Flows • Easy Tracking of Funds from Your Office. • Simplified Audits due to Availability of Statements of Accounts. • Proof of Payment Provided by a Statement and/or Banking Slip.
New and Exciting Products for Our Customers • T24 will enable KCB Develop New and More Exciting Products; • Internet Banking • Mobile banking- KCB Connect • Card Business; KCB Gold VISA, etc • Improved E- Statements • Improved KCB Bizflex • Asset Based Financing • School & University Fees Collections • QuickPay • Many more in the Pipeline
In Conclusion KCB; • Is Very Strong Regional Brand; • Has Pioneered the One Branch Bank in the Region • Has Regional footprints- 214 Branches and 450 Quick Serve Outlets • Has implemented the State-of- the Art IT Platform Our Appeal; • Open a KCB Account to Activate Your Regional Roaming Status with KCB. • Register to Activate Your E-Statement I wish to Share Some of T24 Ads to Support Our Communication