Upbeat Gulf African Bank eyes EAC market

Gulf African Bank has announced plans to expand into the East Africa region as its Kenyan operation is poised to record a full-year profit for the first time since its launch in 2008.

“We will open two more branches in Kenya by year-end, bringing our total branch network to 16. Next year, we plan to venture into Uganda and Tanzania, after which we should have a total of 18 branches in the region,” said chief executive Najmul Hassan.