This archive report was first published on 23 August 2020.
NAIROBI, KENYA - August 23, 2020
Sidian Bank, a Tier three bank, has made a significant impact in the Kenyan banking sector by winning top honors in digital banking and trade financing at the 2020 Think Business Awards.
The awards, which were held virtually due to the pandemic, recognized Sidian Bank's innovative approach to digital banking and its commitment to supporting small and medium-sized enterprises (SMEs) through trade financing.
According to Chege Thumbi, CEO of Sidian Bank, the bank's vision is to be the preferred partner in realizing the entrepreneurial potential in the country and to enable entrepreneurs to create wealth through the provision of transformational financial solutions.
“We are on a journey of positioning the bank as the go-to bank for trade financing and with this solution, we will propel the business to onboard more customers to grow their businesses through our innovative products,” said Chege Thumbi.
The bank's focus on SMEs is driven by the recognition that access to credit and innovative solutions is key to growing these businesses and making them more productive.
As noted in a recent study by McKinsey, SMEs have become important sources of innovation and can spur a country's growth by integrating proven practices and technologies.
