KCB Bank Rwanda Limited

Last updated
KCB Bank Rwanda Plc.
Company type Subsidiary
Industry Banking
Founded2008 (2008)
Headquarters
Kigali
,
Rwanda
Key people
John Bosco Birungi (chairman), George Odhiambo (managing director) [1]
Products Loans, debit cards, savings, investments, mortgages, transaction accounts
RevenueIncrease2.svg Aftertax: US$2.5 million (RWF:2.1 billion) (FY:2015)
Total assets US$181 million (RWF:150 billion) (Q3:2016). [2]
Number of employees
220+ (2010)
Parent KCB Group
Website rw.kcbgroup.com

KCB Bank Rwanda was a commercial bank in Rwanda and a subsidiary of Kenyan KCB Group. It was one of the banks licensed by the National Bank of Rwanda, the country's banking regulator. [3]

Contents

As of June 2015, KCB Rwanda was a medium-sized financial service provider, with estimated total assets of about US$190.2 million (RWF:140 billion) and shareholders' equity of approximately US$16.3 million (RWF:12 billion). [2]

History

In December 2008, KCB Rwanda commenced banking services in Kigali, following licensing by the National Bank of Rwanda. Since then, the bank has opened fourteen (14) branches in the country. [2] KCB Rwanda is a 100% subsidiary of the KCB Group.

Following the acquisition of BPR by KCB Group, [4] KCB Rwanda was merged into Banque Populaire du Rwanda to form BPR Bank Rwanda Plc, making it the country's second largest bank. [5]

Branch network

As of November 2015, KCB Rwanda had a network of 14 branches across the country. This includes the following: [6] [7]

See also

References

  1. ↑ Ondari, Justus (25 April 2010). "KCB bets big on Rwanda". Daily Nation . Nairobi. Archived from the original on 4 March 2016. Retrieved 1 November 2015.
  2. 1 2 3 Muyagu, Triphomus (31 August 2015). "Rwanda: KCB Registers 37 Percent Growth in Total Assets". The Rwanda Focus via AllAfrica.com . Kigali. Retrieved 1 November 2015.
  3. ↑ BNR (1 November 2015). "List of Licensed Banks In Rwanda As At November 2015" (PDF). Kigali: National Bank of Rwanda (BNR). Archived from the original (PDF) on 14 July 2015. Retrieved 1 November 2015.
  4. ↑ "KCB Group PLC Completes Acquisition of Banque Populaire du Rwanda Plc (BPR)". KCB Group. 13 September 2021. Archived from the original on 28 February 2022. Retrieved 6 March 2022.
  5. ↑ Nzabonimpa, Patrick (5 May 2022). "KCB Group completes acquisition of Banque Populaire du Rwanda". The New Times . Retrieved 5 May 2022.
  6. ↑ Muyagu, Triphomus (29 October 2015). "Rwanda: KCB Upgrades Nyarutarama Branch". The Rwanda Focus via AllAfrica.com . Kigali. Retrieved 1 November 2015.
  7. ↑ KCB Group (1 November 2015). "Location of the Branches of KCB Rwanda". Kenya Commercial Bank Group. Archived from the original on 4 March 2016. Retrieved 1 November 2015.
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