Gulf African Bank. [Photo by Wilberforce Okwiri/Standard]

Gulf African Bank is set to mark its 10th anniversary this year, which also marks a decade since Shari’ah compliant banking debuted in the Kenyan market.

The bank recorded a 15 per cent growth in total assets to reach Sh31 billion as at December 31, 2017 from Sh27 billion as at the same period in 2016, a growth of Sh4.1 billion.

The growth in the balance sheet size, the lender said in a statement, was driven by the growth in customer deposits and additional long-term funding received for financing Small and Medium Enterprises (SMEs).

Business
Premium Ruto's food security hopes facing storm amid fake fertiliser scam
Real Estate
Premium Affordable housing: Will State's data-backed action now pay off?
Business
Premium Nairobi business community plans protest as over 700 containers held at port
By Peter Muiruri 21 mins ago
Real Estate
Premium Building to the skies, but at what cost?