Sidian Bank has been named the Best Digital Bank of the Year in Kenya at the 17th Annual Think Business Awards. In addition to the win, Sidian was recognized as 2nd runners up in mobile banking. The bank also scooped 2nd runners up in Trade Finance Bank category in the country.
The SME-focused bank won best bank with the lowest charges in SME Banking in Kenya. Sidian’s Bank Chege Thumbi who has led the innovations and growth of the bank since 2017 won the CEO of the year 2nd runners up.
(TOP: The Sidian Bank team receiving accolades at the 17th Annual Think Business Awards).
Chege Thumbi, Sidian Bank’s CEO, said: “This is a win for all Sidian bank customers, staff and shareholders. Sidian Bank is committed now more than ever, to delivery of exemplary customer service, tailor-made financial solution and digital solutions to businesses and individuals. This is a recognition that validates our focus on SMEs as drivers for economic growth.”
To create efficiency and convenience for SMEs, Sidian Bank enhanced their digital banking experience for the trade finance clients through innovations like Sidian Credible, an innovative self-service bid bond application platform that enables any business owner to get bid bonds online and in real-time.
Sidian Bank recently released its financial results where the bank increased its consolidated net profits to Kshs 117 million for the period ended 31 March 2022 compared to a net profit of Kshs 114 million as at 31 March 2021. The bank has attributed the improved performance to increased lending, improved customer centricity, efficiency and turn-around time which was highly contributed by its digital innovations.