KCB Bank Rwanda Limited

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KCB Bank Rwanda Plc.
Company typeSubsidiary
IndustryBanking
Founded2008 (2008)
Headquarters
Kigali
,
Rwanda
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[edit]

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[edit]

As of November 2015, KCB Rwanda has a network of fourteen (14) branches across the country. Among the locations where the bank maintains branches are the following:[6][7]

  1. Main Branch - Avenue de la Paix, Kigali
  2. Kimironko Branch — Kimironko, Kigali
  3. Nyabugogo Branch — Nyabugogo, Kigali
  4. Remera Branch — Remera, Kigali
  5. Gisozi Branch — Gisozi, Kigali
  6. Tropical Plaza Branch — City Centre, Kigali
  7. Musanze Branch - Musanze
  8. Rubavu Branch - Rubavu
  9. Muhanga Branch - Muhanga
  10. Huye Branch - Huye
  11. Rusizi Branch - Rusizi
  12. Kayonza Branch- Kayonza
  13. Nyarutarama Branch - MTN Centre, Nyarutarama, Kigali

See also[edit]

References[edit]

  1. ^ Ondari, Justus (25 April 2010). "KCB bets big on Rwanda". Daily Nation. Nairobi. Retrieved 1 November 2015.
  2. ^ a b c 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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