Jamie Dimon charts JPMorgan expansion plan into Africa

Jamie Dimon, chairman and CEO of JPMorgan Chase at the lender's event in New York City, US on November 20, 2023. 

Photo credit: Reuters

JPMorgan Chase, the largest US lender, plans to enter Kenya and Cote d'Ivoire this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters.

International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets and operates in over 100 countries. That compares with Citigroup, which does business in almost 180 countries and has the largest global footprint among US banking giants.

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