Gulf African Bank bucks trend with two branches plan
Gulf African Bank is set to open two new branches in Hurlingham, Nairobi and Mtwapa in Mombasa this year. Although several local lenders have announced outlet closures in recent months, Gulf African Bank is optimistic and set to improve access to financial services. Other local banks announced a freeze on expansion in a bid to protect their bottom lines. There are three fully-fledged Islamic banks in the country: Gulf, First Community and Dubai Islamic Bank, with at least 11 conventional lenders with dedicated counters for such products.
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