Browsing: KCB Bank

KCB Expansion

Expansion: KCB plans on opening 12 new branches in Kenya, Tanzania

Investing
  • 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 …

BRAND FINANCE

SA Banks top list of world’s top 500 most valuable banks in Africa

Banking
  • South African Banks topped the list of the world’s top 500 most valuable banking brands in Africa according to Brand Finance Banking 2023 report.  
  • South Africa scooped the first top five spots in Africa headlined by First National Bank ranking at number 155 worldwide albeit a drop from 146 the previous year. 
  • Kenya’s Equity bank came in 6th position followed by National Bank of Egypt in 7th position while Nigeria’s Access Bank and Zenith Bank followed at 8th and 9th position respectively as Egypt’s Banque Misr closed the regional to ten list. 

South African Banks topped the list of the world’s top 500 most valuable banking brands in Africa according to Brand Finance Banking 2023 report. 

The report shows South Africa scooped the first top five spots in Africa headlined by First National Bank ranking at number 155 worldwide albeit a drop from 146 the previous year. 

Other banks who …