Stanbic Bank MOU with KenolKobil Makes Owning a Home for Employees Easier

Stanbic Bank and KenolKobil have today signed a landmark partnership in which all KenolKobil employees will enjoy subsidized financial solutions from the bank.

The initiative is part of a financial solution package from Stanbic for KenolKobil employees that includes preferential mortgage rates negotiated by the oil marketing firm.

Speaking at the launch of the partnership, Stanbic Bank Chief Executive Phillip Odera said that bank is focused on moving its customers forward by meeting all of their financial needs so they can focus on their core business.

“This is an exciting opportunity for us as a bank to deepen relations with a large corporate like KenolKobil. The partnership will go a long way in enhancing the KenolKobil Employee Value Proposition as well as deepening the bank’s relationship with organisation. Our partnership spans many years and we have moved from strength to strength right from managing their corporate business to recently extending financing options for their dealers alongside a strong card acquiring proposition.” Mr. Odera said.

Commenting on the deal, KenolKobil Group Managing Director David Ohana said the company recognizes that staff retention is key to the success of any organization and thus the products with Stanbic Bank is part of the organization’s employee retention programme.

“For instance, we are aware owning a home is a priority for most and with the attractive rates this allows our employees to become homeonwers,” said Mr. Ohana. “We want to offer a significant development to our staff by providing affordable mortage rates through this partnership to enable them achieve this goal of owning a home.”

KenolKobil employees will enjoy great convenience through the bank’s digital touch points from mobile to internet banking including a host of other financial solutions.

“We remain committed to delivering exceptional client experiences and superior value to our customers and this commitment implies tirelessly anticipating and meeting our customers’ needs,” said Adam Jones, Stanbic Head Personal and Business Banking.

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