NIC Bank Kenya Plc., has opened four new branches at Kenyan
Coast as part of its strategic shift to expand its network to
support its ambitious growth strategy and reach more customers
across the country.
The new branches are be in Malindi, Watamu, Kilifi and Diani.
This will see the Bank’s branches in the region increase to
eight and to 41, from 37, across the country.
NIC Bank’s Group Managing Director John Gachora said the move
was informed by the Bank’s need to increase its footprint across
the country and boost growth by increasing its customer base.
"We have acquired a significant customer base in the Coastal
region over the years and we see the potential of expanding our
network by opening these fully-fledged branches.
"This is a region that has a lot of fast-growing businesses
operating in various sectors," said Mr Gachora.
"As NIC Bank we will not shy away from rolling out our
expansion plan despite some of the industry trends we have seen.
"We are ambitious and are looking at opening 10 plus new
branches in the next couple of years, focusing on key centres
across the country."
The new branches will carry a full array of financial
products and services to target the business community in the
The Bank is eyeing the growing tourism sector at the Kenyan
Coast, foreign deposits, asset finance, corporate and SME
banking among other drivers.
In addition to the branch expansion, NIC Bank continues to
leverage technology to enhance customer experience, especially
on its innovative online and mobile banking platforms.