KCB to open another branch in Tanzania

By Standard Correspondent

KCB Tanzania is to open its 11th branch as the bank positions itself to grow market share.

Acting Managing Director, Jorum Kiarie, said the bank will open a new outlet at Oysterbay, Dar-es-Salaam next week.

This will bring 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 said 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 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 more than TSh3, 350 trillion.

The bank can finance a wide range of needs in the region.