By MediaScape News Team
KAMPALA/UGANDA: In a move that will see her move one more step up the credibility ladder, Centenary Bank Group has joined the coveted Global Alliance for Banking Values, GABV.
The GABV Executive Director, Martin Rohnerhas, visited the bank this week to announce the news to top management.
Meeting the Board Chairman, Gustavio Bwoch, together with the Managing Director Fabian Kasi and the Executive Director Joseph Balikuddembe, Mr.
Rohner said the bank was the first to do this in Africa.
The move by the bank comes on the heels of its expansion into the Malawian market where it has joined forces with the Catholic Church in the country to start Centenary Bank Limited.
The Global Alliance for Banking on Values (GABV) is a network of organizations in the banking industry worldwide that put finance at the service of people and the planet.
The collective goal of GABV is to make the banking system more transparent and support economic, social, and environmental sustainability. It follows a triple bottom line model of; People, Planet, and Profit in which products and services are designed and developed to meet the needs of people and to safeguard the environment while generating reasonable profit as an essential requirement of values-based banking,
Accordingly, GABV drives an intentional approach to actively use finance to do good and to place finance at the service of people and the planet.
A press release from the bank reveals that the group joined GABV because the institution believes in values-based banking and transforming communities has been at the heart of the institution for the last 40 years.
“Our Mission & values are well aligned with GABV guiding principles that drive the triple bottom line i.e. people, planet, profit,” says the release.
The GABV ED was in the region to have more financial institutions embrace values-based banking across East Africa.
Our bank was the very 1st financial institution to join GABV in Africa, thus having an upper hand in influencing other players in the industry and the region,
What makes Centenary a top bank in Uganda:
Centenary Bank has been serving the Ugandan community for close to 40 years from which it became a beloved institution among the people.
Many banks have come and gone in Kampala over the years, but Centenary Bank has always remained steadfast and reliable.
It is known for its excellent customer service, its wide range of financial products and services, and its commitment to the community.
A story is told of a young woman named Nalongo who one day walked into Centenary Bank several years ago. She had just started her own business, and she needed a loan to get it off the ground. She had heard that Centenary Bank was the best bank in town, so she decided to give it a try.
To her surprise, the staff at Centenary Bank were incredibly helpful and friendly. They listened to her needs, explained all the options available to her, and helped her choose the best loan for her business. They even offered her advice on how to manage her finances and grow her business over time.
Nalongo was impressed by the level of care and attention she received from Centenary Bank. She began to tell her friends and family about the bank, and soon everyone in Kampala knew that Centenary Bank was the best bank around.
Over the years, Centenary Bank continued to earn the trust and loyalty of its customers. It expanded its services to include mobile banking, online banking, and other innovative products that made banking easier and more accessible for everyone.
But what really makes Centenary Bank of the moment is its unwavering commitment to the community. The bank has supported local businesses, provided scholarships to underprivileged students, and invested in community development projects that have improved the lives of people in Kampala and beyond.
As the years went by, Centenary Bank became more than just a bank to the people of Kampala. It remains a trusted partner, a source of support, and a beacon of hope for the future.
No wonder, that is why the Catholic Church in Malawi has moved to partner with the bank in its first-ever move beyond the Ugandan market.