Browsing: KCB bank net assets

KCB Expansion
  • KCB says it will open twelve 12 new branches in Kenya and Tanzania, to bring its total number of branches to more than 500
  • KCB Group Managing Director Paul Russo told Business Daily that the increase in its branches would assist them to reach more customers
  • The new branches are expected to complement KCB Group’s regional footprint with an asset base of KSh 1.5 Trillion (US$12.6 billion)

Regional lender Kenya Commercial Bank (KCB) says it will open twelve 12 new branches in Kenya and Tanzania, to bring its total number of branches to more than 500.

KCB Group Managing Director Paul Russo told Business Daily that the increase in its branches would assist them to reach more customers.

Russo said they had already received approvals to open 6 of the twelve branches. The 6 are located in Kenya.

KCB’s plan of opening new branches is part of the Group’s strategic …