I&M Bank opens new branches in Kapsabet, Mombasa
NAIROBI, Kenya, Sept 8 – I&M Bank has opened two new branches in Kapsabet, Nandi County, and Nyali, Mombasa County, raising its network to 65 outlets Kenya breaking news | Kenya news today |..
✨ Key Highlights
I&M Bank has expanded its network by opening two new branches in Kapsabet, Nandi County, and Nyali, Mombasa County, bringing its total national footprint to 65 outlets across 24 counties.
- The Kapsabet branch will focus on the region's agricultural value chains, including tea, maize, and dairy farming, and small enterprises.
- I&M Bank Kenya’s Director of Retail Business Banking, Shameer Patel, stated the expansion is data-driven, targeting underserved yet high-potential markets.
- This recent expansion follows the opening of ten other outlets earlier this year in various locations across Kenya.
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Standard Chartered to Pay KSh 7bn After Supreme Court Loss; SACCO Sector Assets Cross KSh 1 Trillion - September 2025
Standard Chartered Kenya Limited has begun the process to pay approximately Sh7 billion to over 600 former employees following a Supreme Court loss related to a pension miscalculation. The bank is reassuring markets that it is “Adequately Capitalised” to meet the obligations, which are estimated at over KSh 7 billion and conclude a two-decade legal battle. In broader financial sector news, Kenya’s SACCO sector surpassed KSh 1 trillion in combined assets by the end of 2024. This growth, however, is accompanied by a rise in non-performing loans and governance concerns. Separately, I&M Bank has expanded its network by opening two new branches in Kapsabet, Nandi County, and Nyali, Mombasa County, increasing its national footprint to 65 outlets across 24 counties.
