Diamond Trust Bank (DTB) has opened a new branch in Kilimani, Nairobi, expanding its network to 90 branches in Kenya and 150 across East Africa.

• The new branch is strategically located at 197 Lenana Place along Lenana Road.
• George Otiende, Director of Retail Banking at DTB, stated the opening reflects DTB’s commitment to accessibility and personalized banking services.
• The Kilimani branch will offer a comprehensive range of products including personal and business accounts, loans, mortgages, cards, insurance, and investment opportunities.

Tala, the microlending fintech, despite a decade of unprofitability, is aggressively expanding to five new countries, betting on new loan technology to achieve profitability by early 2026. This Silicon Valley-style growth-before-profit strategy aims to scale operations significantly.

• Tala has lent $7 billion to low-income consumers since 2011.
• The company's new underwriting system, piloted in Mexico, boosted loan approvals from 40% to 80% while reducing defaults.
• Tala plans to expand into Guatemala, the Dominican Republic, Panama, Peru, Vietnam, and India, accelerating its market entry model to three months per country.
• The company's annualized revenue run rate is currently $340 million.
• Loan default rates are approximately 10%.