Banks open 38 branches despite adopting technology

A Diamond Trust Bank ATM lobby at Garden City Mall in Nairobi. FILE PHOTO | NMG

The number of commercial bank branches in the country increased by 18 to 1,541 last year despite pressure on brick-and-mortar concept. However, 20 branches closed in the year as 38 new ones opened.

Central Bank of Kenya (CBK) data shows Nairobi County registered the highest increase in new branches at 17 branches.

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Note: The results are not exact but very close to the actual.