Mr George Maina has resigned as a non-executive director of NCBA. This follows his appointment as the new Chairman of the Board of Faulu Microfinance Bank Limited.
Maina joined the then National Industrial Credit(NIC) Bank as an independent non-executive director in June 2002 and has served in various capacities on the board and its committees.
“His insights, independence, leadership, and strong governance principles underpinned his significant support and contribution in enhancing shareholder value and championing the sustainable growth of the company in its transformation from NIC to now NCBA,” said Livingstone Murage, NCBA Group Company Secretary.
George has previously served as the Director and a Board Member of Faulu Microfinance Bank since 2003. He has also served as the Director of AIB Capital (since 2005), and ICEA Lion Life (since 2007).
He is a business consultant who also sits on other boards including Afrika Investment Bank Ltd. He holds a Bachelor of Technology from Loughborough University in the UK.
He will now lead the Board of Faulu Microfinance Bank, a subsidiary of The UAP Old Mutual Group in East Africa.
Faulu offers customers a full array of financial services that include Banking, Investment, Savings and Insurance with special reference to Community, Retail, MSME, Institutional Banking segments and Bancassurance.
The Bank was founded by Food for the Hungry International (FHI), a Christian relief organization, Loan scheme program that targeted the poor in Mathare.
With its humble beginnings as a loan scheme in 1991, Faulu is currently one of the top Micro Finance Banks in Kenya and has successfully developed a platform aimed at banking the previously unbanked though a variety of savings, credit, micro-insurance, and mobile banking solutions.