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KCB to invest Sh28b in property development

NAIROBI: Kenya Commercial Bank (KCB) will on Saturday launch this year's edition of its property tours to showcase real estate progress in the city to prospective clients.

The launch comes after the lender sought a Sh28.2 billion loan from Development Finance Institutions, in what will see its long-term loan book more than double to fund key developers in the construction and other industries. So far its mortgage book is over Sh45 Billion, which is over 31 per cent of the market share.

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