Sidian Bank Leads the Charge in Risk Management at KETSA Leaders’ Summit for a Stronger Cooperative Movement”

AGENCIES

KETSA Leaders’ Summit, a 3-day event whose theme was “Risk Management for a Vibrant Cooperative Movement,” brought together over 100 SACCO leaders to discuss key risk management strategies supporting the cooperative movement.

 

“Risk management is at the core of financial intermediation since it enhances the confidence of customers and stability of the sector ” reiterated Director Finance and Strategy Sidian Bank Douglas Mwangi. At Sidian Bank, we continue to partner with SACCOs by providing solutions in digital solutions, payment & collections, trainings in risk management, as well as insurance products to protect their risk and obtain the best value,” he added.

 

 

Sidian Bank has over the years demonstrated interest in financial inclusion and stability of the SACCO movement,- through its sponsorships, inclusive and innovative institutional banking solutions as well as collaborations within the cooperative movement, aimed at driving economic growth and sustainability for SACCOs in Kenya.

Speaking during the event attended by stakeholders from various Teachers SACCOs, Mr. Robert Njue, Chairman of KETSA, highlighted the need for constant innovation and collaboration of different stakeholders in the SACCOs in light of the ongoing shifts in the economic landscape which continue to cause ripple effects and significant challenges.

 

 

 

“The financial landscape is shifting worldwide, these shifts are due to emerging issues which require close collaboration of the different SACCOs and stakeholders to understand and become innovative to enable them navigate these shifts,” he noted

 

 

Sidian Bank remains committed to collaborating with SACCOs to deliver innovative financial solutions and foster long-term growth within the cooperative sector.