Ratio Magazine :: The Inside Track to East Africa’s Economies - Tanzania: Press Releases: KCB Tanzania to Open its 11th Branch

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Tanzania: Press Releases: KCB Tanzania to Open its 11th Branch

Friday, 12 February 2010

11 February 2010 --- KCB Tanzania will open its 11th branch in the country as the bank positions itself to grow market share. Acting Managing Director, Jorum Kiarie, has announced that the bank will open a new outlet at Oysterbay, Dar-Es-Salaam, next week, bringing to six the number of branches operated by East Africa’s largest bank, in the capital city.

“We want to position our operations close to our target market so as to tap into the vast potential in this country,” said Kiarie. He added that the KCB was setting the pace in the socio-economic integration of East Africa through its growing branch network and wide array of products and services suited for the business needs for cross-border entrepreneurs.

KCB currently has 10 branches in Tanzania; five in Dar-es-Salaam (Samora, Mlimani, Kariakoo, Uhuru and Msimbazi) with five other located in Moshi, Arusha, Morogoro, Zanzibar and Mwanza.

“Our growing network demonstrates our commitment to reaching out to more people in this market and the desire to support the businesses of our customers in every part of East Africa,” said Kiarie.

KCB is the region’s largest commercial bank in asset base and branch network with over 200 outlets spread across Tanzania, Kenya, Uganda, Rwanda and Southern Sudan. Its asset base is in excess of TZS3,350trn giving it capacity to finance a wide range of needs in the region.

The vision of the KCB Group is to be the “… preferred financial solutions provider in Africa with a global reach…” and plans to ride on its regional network and modern information technology platform to penetrate the continent.

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