The Co-operative Bank has opened a new branch in Mai Mahiu as it seeks to spread it wings to every part of Kenya.
“We’re thrilled to expand our footprint and better serve the community!” the bank said.
The opening of the new branch in Mai Mahiu makes the lender inches closer to its target of 15 new branches this year.
The lender had earlier in the year announced that it would open 15 new branches in 2024 as it continues the expansion of its physical outlets across the country despite the rising preference for digital services.
William Ndumia, the director of retail and business banking, said many of the branches lined up are at various stages as the company seeks to move services closer to the people.
“When we look at our mission and vision, we want to be dominant in this market and there are some areas where we have not gone into. There are even counties where we do not have a presence,” said Mr Ndumia.
“We want to seal that gap. Also, because of the infrastructure development that has happened across the country, there are some key towns that have come up and there is a lot of business and some of our customers are spreading out.”
The bank, which has an operation in South Sudan, has intensified its expansion locally where it sees untapped growth opportunities.
The 15 branches will add to the eight opened last year and five in 2022.
