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NIC, CBA merger bank eyes SMEs with more outlets
Commercial Bank of Africa Group Managing Director Isaac Awuondo (left) with his NIC Bank counterpart John Gachora when the two lenders announced the merger in Nairobi on January 31. FILE PHOTO | NMG
NIC Group #ticker:NIC and CBA Group, now merged into NCBA group, will open more branches in Kenya and the region as it eyes more small and medium sized businesses.
Currently with 85 brick and mortar branches in Kenya, NCBA group managing director John Gachora said Thursday that ultimately some of the current outlets would be merged, but more will be opened to take its reach beyond the 17 counties in Kenya where it has a footprint.
