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KCB looks to merger and acquisition deals for growth

KCB Group Chief Executive Officer Joshua Oigara

KCB Group is looking to bolster growth by joining a wave of consolidation in the country’s banking industry in the next few years, its chief executive said on Monday.

Kenyan banks are moving to consolidate in response to a 2016 cap on commercial lending rates and tougher central bank regulations which followed the collapse of three banks in 2015-2016.

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