How Mauritian lender SBM toppled top Kenyan banks in a year

SBM bank at Jubilee exchange in Kaunda street in Nairobi [Photo: Edward Kiplimo,Standard].

NAIROBI, KENYA: How does one bank enter a market with 0.4 per cent market share and take only one year to grow into a top-tier bank with 95 branches and assets, only second to Kenya Commercial Bank (KCB)?

It took Equity Bank decades of aggressive expansion and building the biggest customer base to get to number two, with Sh518.2 billion in assets.