KCB Bank Rwanda Limited

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KCB Bank Rwanda Plc.
Company typeSubsidiary
IndustryBanking
Founded2008 (2008)
Headquarters,
Key people
John Bosco Birungi (chairman), George Odhiambo (managing director)[1]
ProductsLoans, debit cards, savings, investments, mortgages, transaction accounts
RevenueIncrease Aftertax: US$2.5 million (RWF:2.1 billion) (FY:2015)
Total assetsUS$181 million (RWF:150 billion) (Q3:2016).[2]
Number of employees
220+ (2010)
ParentKCB Group
Websiterw.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]

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

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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

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

See also

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References

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