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Why M Oriental Bank is dumping ATMs and targeting family businesses

M Holdings Group chief executive officer Sanjeev Kumar. PHOTO | FILE

Bank M of Tanzania last month became the first Tanzanian lender to enter the Kenyan market after it bought a 51 per cent stake in Kenya’s Oriental Commercial Bank.

The deal has since seen Oriental Commercial Bank rebranded to M Oriental Bank and its new Tanzanian majority shareholder Bank M Tanzania Plc said it will henceforth target family businesses in Kenya.

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