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Renaissance Capital forecasts that KCB will report a Sh12.8 billion net profit, while Equity Bank is expected to hit Sh11.8 billion, Co-operative Bank Sh7.6 billion.

Looking back at 2007 and 2008, Rencap holds that the polls are not likely to have a major impact on the country’s banking sector

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How will NBK's share price go once it is finally privatised?

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In other News MOO joined the Board of EABL. Rink: Saturday Nation

Co-operative Bank has opened nine new branches in the past one month as part of a Sh500 million expansion plan to give the lender a presence in all the 47 counties.

The bank is drawing funds from its retained earnings to take advantage of the new county government structure which comes into effect after the March 4 General Election.

“Going forward, the county structure is going to be a strong focus for development and the bank’s expansion plan ensures a strong presence in the counties,” said Samuel Birech, the Co-op Bank director of retail banking.

Some of the new branches opened so far include, Yala, Malaba, Oyugis, Ruiru, Embakasi Junction, Kawangware 46, Othaya and Molo. Co-op Bank also intends to open its first branch in Juba, South Sudan, in April before opening four more by end of the year.

Apart from branches, the bank also intends to set up shopping malls while increasing its agents network to above 3,500. The lender’s geographical presence is smaller than its main competitors in the retail segment, Equity Bank and KCB.

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