The branch serves wholesale and retail traders, importers, distributors, professional service firms, and hospitality businesses seeking accessible banking.

Kingdom Bank Managing Director & CEO Anthony Mburu and Wabera Street Branch Manager Julia Njengw’a, lead other officials during the opening of the Bank’s 30th branch

Kingdom Bank has expanded its branch network to 30 outlets with the opening of a new facility along Wabera Street in Nairobi’s Central Business District (CBD).

This is part of the lender’s plan to push into the small-business banking market.

The opening reinforces the lender’s strategy of positioning its services closer to businesses and retail customers in high-activity commercial centres.

Speaking during the launch, managing director and chief executive Anthony Mburu said the Wabera Street outlet was strategically located to serve customers operating at the heart of Nairobi’s business district.

The launch also coincides with the recent implementation of the bank’s new core banking system, which management expects to improve operational agility and the customer experience.

“The successful rollout of our new Core Banking System has laid the foundation for a more agile and innovative Kingdom Bank,” Mburu said.

The bank is targeting micro, small and medium-sized enterprises (MSMEs), a segment that remains central to its lending and transactional banking proposition.

The latest expansion follows a period of investment in the lender’s physical and digital infrastructure.

Kingdom Bank opened three branches in Bungoma, Kariobangi and Tom Mboya Street in 2025, followed by an outlet in Embu in January 2026.

Its latest financial results also point to a growing balance sheet.

In the year ended December 2025, total assets increased 24 per cent to Sh51.17 billion, while customer deposits rose 39 per cent to Sh29.74 billion.

Net loans and advances grew 58 per cent to Sh22.19 billion.

Profit after tax climbed 59 per cent to Sh946.2 million, from Sh596.4 million in 2024, according to the bank’s published results.

However, the expansion comes as Kenyan lenders compete to attract deposits, deepen digital banking adoption and finance businesses facing persistent working-capital constraints.

Kingdom Bank operates as a subsidiary of Co-operative Bank Group following the latter’s acquisition of a 90 per cent stake in Jamii Bora Bank in August 2020.

The acquisition was intended to strengthen Co-operative Bank’s position in the domestic market by leveraging Jamii Bora’s reach among MSMEs and its specialised leasing and insurance businesses.

It also offered the smaller lender access to its parent’s broader banking capabilities and resources.

Since the takeover and subsequent rebranding to Kingdom Bank, the lender has pursued a turnaround strategy focused on growth, customer service and operational investment.

Its total assets of Sh51.17 billion represent a modest share of Kenya’s banking industry, whose total net assets reached Sh8.35 trillion in December 2025.