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New banking strategies for the Jamii Bora Bank

Jamii Bora Bank CEO Samuel Kimani. [PHOTO:JAMES WANZALA/STANDARD]

It has been Kenya’s tiniest bank but the new executives are angling for a major turnaround through unconventional banking strategies. Jamii Bora Bank top managers and the bank’s tea girls alike have set annual targets on customer deposits that they must achieve, in a drive that has enabled the bank grow its customer deposits 20-fold over the last four years.

Managing Director Samuel Kimani talked to Business Beat about the bank’s prospects and the expected changes in line with the new capitalisation proposals. He is optimistic of breaking into the top-ten lenders bracket by 2022.

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