Barclays raises $15 million from local markets

Barclays raises $15 million from local markets
Tags: Bank / Credit Union, Middle East & Africa, North America, Other
November 25, 2007

allAfrica.com: Barclays Bank of Kenya, the largest commercial bank in the country by assets, has raised U.S. $14.9 million from the local capital markets, money that it expects to use to extend long-term loans to its customers. Last year the bank rolled out an aggressive expansion program that will increase its branch network to more than 100 branches and its ATM network by more than 200 units. The bank expects to invest U.S. $29.8 million in that expansion program.