NCBA rewards partners for outstanding contributions in Asset Financing

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NCBA Uganda has honored its key partners in asset financing, acknowledging their pivotal role in driving infrastructure development and growth across the region.

This was during a breakfast meeting held at the 4 Points by Sheraton Kampala where they were celebrated for their collaborative efforts that have significantly advanced the automotive sector and beyond.

According to Malik Isabirye, Head of Corporate Banking at NCBA Bank, the contributions of the partners are instrumental especially in the automotive sector which is central to their growth.

Isabirye highlighted 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 noted.

He explained the banks’ swiftness during the loan approvals which he said are critical in the transaction process.

“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 the bank 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.

“Our partnership with Tata Motors has been instrumental in empowering businesses and creating success stories,” Araguha added.

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 reaffirmed NCBA Bank’s commitment to strengthening partnerships and building synergies for mutual success adding that through collaboration they have the potential to hit greater heights.

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.