ECB rebrands after takeover by Mwalimu SACCO

 

Equatorial Commercial Bank has rebranded to Spire Bank and announced plans to review its business units operations as it targets to move from tier-three to tier-two in five years.

Spire Bank managing director Tim Gitonga said the bank will focus on retail, SME and corporate banking products over the next three years supported by technology.

“As part of delivering on our new brand promise, we have adopted new approaches to managing our business by focusing on technology, people and processes as our focal pillars for growth,” he said.

ECB, which was acquired by the largest Sacco in Africa, Mwalimu Savings and Credit Cooperative Society earlier this year, plans to roll out a new core banking system by this year to support the development of additional banking products.

The bank, which was established in 1983, plans to refocus its bank’s branches into sales and service centres, as it moves to reduce operational costs, improve customer interaction and develop new business opportunities.

ISO 9001

KUSCCO QUALITY POLICY

We commit to consistently promote SACCOs through advocacy and provision of quality technical and financial products that exceed the members’ expectations.
We shall comply with the statutory requirements and actively pursue continuous improvement of the ISO 9001:2015 Quality Management System (QMS) processes, capabilities and effectiveness.
In pursuit of our commitment we shall ensure that the quality policy and objectives that have been established and communicated to the Union employees shall be reviewed annually in accordance with the stipulated framework and quality standards.”