The new Diamond Trust Bank (DTB) branch in Bondo was officially opened on the 9th of September 2024 by Siaya Governor James Orengo. The opening of the 88th branch in Bondo is a landmark achievement for the entire municipality and Siaya County more especially in the sense the project is expected to spur economic development within the area.
The setting up of DTB in Bondo is therefore strategic as this town is one of the most expanding towns in the region, and is in fact, an active center in Siaya County. Governor Orengo noted that the opening of the bank will lead to new business and financial services opportunities for the residents of the region that will lead to economic transformation of the region and bring about shared welfare.
Speaking at the event, Governor Orengo vowed to ensure that there is enabling environment in investment to do business with DTB contributing immensely to wealth creation in Bondo. Financing is one of the key success determinants for SME’s that are the economic pillars for any county including Siaya. Since the roles of financing and supporting local entrepreneurs are key starting points for economic development in many spheres, DTB is well-placed to help boost the county’s economy by offering locals more choices on how to participate in this process. The governor also put more emphasis on the contribution that such institutions such as DTB have in the provision of financial services that have an impact on the enhancement of the standard of living of the society by providing affordable and accessible products in the market and to a number of different customers.
The governor further noted that the new branch was in line with the visions set under the Siaya County Integrated Development Plan for 2023- 2027 anchored on agribusiness and enterprise. This influence would in turn offer much needed financial injections into some core economic activities that include agriculture and fishing whose importance is well articulated by DTB in the county. The governor also urged DTB to engage the local farmers and fishermen in particular with the goals of Blue Economy and Aquaculture. He appealed to all concerned parties to embrace multi-party in achieving the right results within the available resources towards the success of the bank and its role towards the realization of sustainable development within the region.
Notably, to avail the services of DTB, the banking group has geared towards the provision of employment for the community. Most of the presentations made by officials from the bank during the launch event included promise to employ 10 youths from the Bondo community for internship next year with plans to offer many more opportunities in future.
The bank vowed to provide consumers the best and higher levels of services appropriate for the new market which it serves. Apparently, DTB’s executives have established goals that include the increase in the overall happiness index of customers as basically, the company will aim at improving its customers’ lifestyle as well as the entire society at large, with this, concretely stipulating that the key performance indicators for DTB will not only be financial results, but positive feelings among customers as well.