Feb. 27 (Bloomberg) -- , the East African nation’s biggest lender by tot of branches, said annual avail rose 41 percent as proceeds from loans climbed, and announced it will begin a pan-African augmentation program in 2010. Net return advanced to 4.19 billion shillings ($52.6 million) in the 12 months through December, from 2.97 billion shillings a year earlier, Chairman told investors today at a briefing in the capital, Nairobi.
Net stake income, the spondulix banks metamorphose from quicken charges on loans, grew 39 percent to 11.8 billion shillings. "We upon we can suffer after year’s performance" in the year ahead, Chief Executive Officer said at the briefing.
Kenya Commercial currently has outlets in five African nations, including , Tanzania, and Rwanda. This year, the lender will publish 30 outlets in its national market, along with a further 20 in the region, before starting a pan- African flourishing program in 2010, Oduor-Otieno said. To friend the newspaperman on this story: in Nairobi at.
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