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November 25, 2009

KCB expands branch network in Uganda

by Richard Kilner

Story link: KCB expands branch network in Uganda

Kenya Commercial Bank (KCB) has expanded its branch network with the opening of KCB Elgon-Masaba in Uganda.

KCB Uganda Director Samwiri Njuki spoke at the opening of the branch, reaffirming the bank’s aim to bring financial services closer to the markets and thus help to support socio-economic integration in the East Africa region.

KCB is amongst the leading banks in the region, and operates in Kenya, Tanzania, Southern Sudan, Rwanda and Uganda.

Last month the bank opened its 200th branch in Sudan, and the new Ugandan branch is its 203rd.

The bank has often expanded its network of branches in the past, and has at the same time maintained growth in its financial results to help fund its continuing expansion.

KCB saw pre-tax profits increase marginally by 1% to KSh5.3bn for the third quarter, as reported at the start of the month.

 

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