NCBA Bank is proud to announce the opening of its new branch in the Namanve Industrial Business Park. Developed by the Uganda Investment Authority (UIA), Namanve Industrial Park, is a thriving hub for manufacturers and home to some of the largest manufacturing firms including Coca-Cola and Rwenzori Mineral Water. The park is also home to a variety of factories, warehouses, distribution centres and other business centres.

The new branch aims to fill the gap in the underserved area. Despite being a crucial zone for manufacturers and other enterprises, Namanve Industrial Park has been inadequately served by financial institutions, with only one commercial bank currently operating within the park. NCBA Bank’s entry offers a pipeline of innovative banking solutions and services tailored to meet the needs of local businesses.

The industrial park houses businesses engaged in manufacturing and storage. NCBA Bank intends to support these enterprises through its diverse range of products and services including asset financing, mortgage financing, credit facilities, trade finance and foreign exchange services.

The new branch is positioned to cater to both traditional customers who prefer in-branch services and digital natives who favour online banking.

CEO Mark Muyobo commented “We are excited to contribute to the economic growth of the Namanve Business Park. Our presence here will provide businesses with easier access to financial services, enabling them to expand and thrive. We look forward to inspiring growth among all customers.”

Branch Manager of the NCBA Bank Namanve commented “By opening a physical branch, we ensure that our customers can have personal relationships with dedicated relationship managers who will provide tailored financial advice and support.”

END

About NCBA Bank

NCBA Bank Uganda is a retail financial services provider, focusing on meeting the banking needs of small and medium enterprises and large corporations. The bank is a subsidiary of the NCBA Group Plc, headquartered in Nairobi, Kenya, with operations in Kenya, Tanzania, Rwanda, Ivory Coast and Uganda.

The bank was founded in 2012 as NC Bank Uganda and received a commercial banking license from the Bank of Uganda in April 2012.