Sidian Bank has opened a new branch in Nyali, Mombasa County. This expansion initiative aims to bolster support for the local business community along the coast while delivering tailored financial solutions to Small and Medium Enterprises (SMEs) in Nyali and its surrounding areas.
The Nyali branch, situated at Basic Nyali Mall, officially commenced operations on January 22, 2024. The inauguration ceremony was attended by bank executives and members of the community, marking a significant milestone in Sidian Bank’s commitment to promoting financial inclusion and fostering economic growth in Kenya.
“We are delighted to bring Sidian Bank’s banking services to Nyali, Mombasa. This expansion aligns seamlessly with our vision of becoming the financial partner of choice, and we are confident that our presence in this vibrant community will contribute significantly to its economic development,” Sidian Bank CEO Chege Thumbi stated.
“As part of our commitment to community development, Sidian Bank will actively engage with local businesses, entrepreneurs, and residents to understand their financial needs better. We aim to provide solutions that drive prosperity and serve as a catalyst for growth. Moreover, the Nyali branch will function as a hub for financial education and empowerment programs, enhancing financial literacy within the community.”
Nyali, renowned for its bustling commercial activities and status as a tourist destination, serves as a thriving economic centre within Mombasa. With a promising entrepreneurial landscape, Nyali presents an opportune market for Sidian Bank to extend its comprehensive banking services to SMEs, thereby fostering growth and development within the community.
“The launch of the Nyali branch reaffirms Sidian Bank’s dedication to providing financial support and driving economic empowerment in the region. By strengthening its presence in key counties, where economic activity is thriving, the bank aims to offer much-needed financial assistance to enhance enterprise capacity,” the lender said in a statement.
“SMEs play a pivotal role in driving economic growth, and Sidian Bank aims to be their trusted financial partner by offering innovative banking solutions tailored to their unique needs.”
The branch will also provide personalized financial advisory services to assist SMEs in navigating the regional business landscape.