Kenya’s domination of the East African financial market extended with 150 new banks branches

[MK254]

KCB Group’s acquisition of Rwandan bank has extended Kenya’s domination of the East African financial market with a 44 percent rise in bank branches to 494 locations last year.

The Central Bank of Kenya (CBK) data shows Kenyan bank outlets in the region jumped from 343 after KCB acquired Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited.

Read: Global lenders want a piece of East Africa’s retail banking market

KCB Bank tripled its regional branch network last year to 196 outlets, I&M Bank also increased its regional presence to 35 outlets from 22 in the previous year, while Equity Bank opened two new outlets to 148 regional locations.

NCBA and Diamond Trust Bank each closed down an outlet while Guaranty Trust Bank, Co-Operative Bank and ABC Bank retained their current locations.

Kenyan banks lead regional peers with 150 new branches

The Kenyan lenders have now employed 8,712 East Africans in the subsidiaries.

www.theeastafrican.co.ke

 

[pingli-nywee]

Hongera kwa KCB na wenzao. Inapendeza sana kuona benki za Kenya zikitanua kote kote, ndani na nje ya mipaka ya jumuiya hii. Yaani wakenya wameamua kwamba hakuna shilingi hata moja, ndani ya ukanda huu, ambayo haitapita jijini Nairobi.

Tena ukizingatia kwamba benki hizi za Kenya zinatoa huduma bora kwa wateja, zaidi ya benki ambazo zimekuwepo kwenye nchi husika kwa miaka mingi. Basi bila shaka itakuwa ni mwendo huu huu wa mbele kwa mbele hadi kieleweke.

Kinachopendeza zaidi ni kwamba, benki za Kenya zikitia nanga sehemu yeyote ile wakenya nao hawaachwi nyuma. Wao pia wanaingia sehemu hizo kuwekeza, kwa fujo nyingi. Kwa mfano, Equity Bank sasa hivi wana mradi wao wa kuwapa wakenya, wenye nia, mikopo yenye riba nafuu. Ili wakafungue makampuni na kufanya biashara zao kule DRC.

 

[Don YF]

KCB Group’s acquisition of Rwandan bank has extended Kenya’s domination of the East African financial market with a 44 percent rise in bank branches to 494 locations last year.

The Central Bank of Kenya (CBK) data shows Kenyan bank outlets in the region jumped from 343 after KCB acquired Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited.

Read: Global lenders want a piece of East Africa’s retail banking market

KCB Bank tripled its regional branch network last year to 196 outlets, I&M Bank also increased its regional presence to 35 outlets from 22 in the previous year, while Equity Bank opened two new outlets to 148 regional locations.

NCBA and Diamond Trust Bank each closed down an outlet while Guaranty Trust Bank, Co-Operative Bank and ABC Bank retained their current locations.

Kenyan banks lead regional peers with 150 new branches

The Kenyan lenders have now employed 8,712 East Africans in the subsidiaries.

www.theeastafrican.co.ke

Kenya will never go back, mahali tumefika nikupaa tu, nimeona mengi, things are falling in place mdogo mdogo, tokea Konza, Mombasa, Lamu hadi Turkana, kuna many solid indicators showing a positive economic trajectory, only peace is what we need and the rest is history.