Kenya: Equity Bank in Massive Rwanda Expansion

18 February 2012

KENYA's largest bank by customer base Equity bank has opened seven more branches in Kigali bringing the total number of its outlets in that country to ten. Equity Bank said it is working to facilitate the goal of the Rwandese government to have at least 80 per cent banked population by year 2020.

The Kenyan based bank is also looking to import the agency banking model that has been implemented locally for the last one and a half years to Rwanda to help achieve the stated target. It intends to roll out an initial 200 agents once it gets the approval to start agency banking services.

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