Politics and policy
Commercial banks leave comfort zones in hunt for new customers
Equity Bank branch in Gikomba Market, Nairobi. Companies are drawing closer to customers, setting up in previously no-go zones. Photo/LIZ MUTHONI
By PAUL WAFULA
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Posted Thursday, September 9 2010 at 00:00
Posted Thursday, September 9 2010 at 00:00
The move to carry on with the expansion drive will result in an increase in deposit growth and rise the penetration drive of banking in the country.
An increase in deposit growth will subsequently increase loan accessibility, a move that is likely to advance businesses and households funds to finance their operations and consumption.
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