|Oriental bank head of risk,Josiah Onsembe(left) and Jacqueline Woiso,CEO,Bank M(right)|
Read;Tanzanian Bank M buys Oriental Bank of kenya
According to the kenyan business laws,the coming together of the two banks,Oriental and Bank M, will have to register a new name predicted as M Oriental Holdings Limited .In other words, Kenya's Oriental Commercial Bank is now M Oriental Commercial Bank of Kenya.
Bank M is an award winning Tanzanian corporate bank with higher affinity on family owned businesses. According to the bank's management, there are a lot of preparations to be done that will take up to September to become fully operational in kenya.
This is history made.For the first time ,a Tanzanian lender has entered kenya,a top economy in East and Central Africa.Bank M remains the first financial institution from neighbouring Tanzania to be licensed to operate in the country,Kenya.
Welcome to Kenya,Bank M.