NCBA rewards partners for outstanding contributions in asset financing

Corporate banker, NCBA Uganda has honored its key partners in asset financing, acknowledging their pivotal role in driving regional infrastructure development and growth.

The event at the 4 Points by Sheraton Kampala celebrated the collaborative efforts that have significantly advanced the automotive sector and beyond, it said on Aug.20.

Malik Isabirye, Head of Corporate Banking at NCBA Bank, expressed his gratitude to the partners, highlighting their crucial support in the bank’s progress. “Your contributions have been instrumental, especially in the automotive sector, which is central to our growth,” Isabirye said.

He added that NCBA’s impact extends beyond Uganda, with a distinguished track record of over 65 years of pioneering asset finance solutions in Kenya. “Our innovative approach to asset finance in Kenya has set a benchmark. We are excited to replicate this success and dynamism here in Uganda,” he added.

He said unlike many banks that take over a month to approve loans, NCBA has streamlined its processes to significantly reduce approval times. “Our goal is to cut approval periods down to mere hours. We are just beginning this journey of continuous improvement and are committed to refining our processes to better serve our clients,” Isabirye assured.

Adad Araguha, Head of Asset Financing at NCBA, shared a notable success story of a client who, with the bank’s support, expanded from a single truck to a fleet of over 30. This achievement, Araguha noted, highlights NCBA’s commitment to providing comprehensive solutions, including financing, business advisory, and customer education.

Araguha also extended gratitude to Kiira Motors for their vital role in providing suitable products and solutions. “Our partnership with Tata Motors has been instrumental in empowering businesses and creating success stories,” Araguha stated.

The collaboration was further highlighted by the introduction of electric buses powered by clean energy. “These buses are already making a positive impact on our roads. With ongoing driver training, we are moving towards a greener future,” Araguha added.

He encouraged an open dialogue about challenges and improvements, emphasizing the importance of feedback. “We are here to listen and adapt. Your insights are essential for enhancing our service delivery and addressing any issues,” Araguha emphasized.

Looking ahead, Araguha reaffirmed NCBA Bank’s commitment to strengthening partnerships and building synergies for mutual success. “Our collaboration has the potential to reach new heights, and I am enthusiastic about the possibilities that lie ahead,” he concluded.

The event was a significant moment of recognition and collaboration, reinforcing NCBA Bank’s leadership in asset financing and its dedication to driving growth and sustainability in the region.