Number of new bank branches hits 9-year high on customer drive

The Central bank of Kenya in Nairobi.

Photo credit: File | Nation Media Group

Commercial banks opened 62 new branches last year, the highest in nearly a decade, amid a renewed drive to sign up more customers to boost their businesses.

The number of bank branches opened in 2024 is the highest for a single year since 2015, when lenders opened 80 new outlets, data by the Central Bank of Kenya (CBK) said.

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