Transnational bank picks Justus Kittony as GM-business

By Margaret Kalekye

Transnational Bank has appointed Justus Kittony as the General Manager, in-charge of business.

The bank says the appointment is part of the bank’s SME growth strategy, focused on innovative value chain financing.

Justus Kittony is a banker, with over 12 Years banking experience in retail banking, business advisory, strategic planning and business process reengineering.

He has previously worked with Family Bank as a Regional Manager, Cooperative Bank and Cooperative Bank Consultancy services Ltd.

He holds a bachelors and master’s degree in Economics from the University of Nairobi.

Last month, the bank recorded an impressive 32% growth in profit before tax in the financial year 2015, to KSh 252 Million, against Ksh.190 million recorded in 2014.

The growth was attributable to the bank’s focus on financing key agribusiness value chains in the country, thus empowering farmers to create more wealth and access financing affordably and conveniently.

“Based on the bank’s strategic plan for 2015 – 2020, we will enable the targeted agribusiness entrepreneurs and SMEs access customized agribusiness financial products and reduce knowledge based risks in the sector, “said the Chief Executive Officer, Sammy Langat, as he outlined the bank’s strategy for 2016.

The bank is currently empowering agribusiness cooperatives invest in alternative revenue streams beyond production, an initiative that has been successful in the tea and dairy sector.

By the end of 2016, the bank will have grown its branch network by a further 7 branches, targeted at key agricultural regions in the country.