KCB Bank Rwanda Limited explained

KCB Bank Rwanda Plc.
Type:Subsidiary
Location City:Kigali
Location Country:Rwanda
Key People:John Bosco Birungi (Chairman), George Odhiambo (Managing Director)[1]
Industry:Banking
Products:Loans, Debit cards, savings, investments, mortgages, Transaction accounts
Revenue: Aftertax: US$2.5 million (RWF:2.1 billion) (FY:2015)
Assets:US$181 million (RWF:150 billion) (Q3:2016).[2]
Num Employees:220+
Num Employees Year:2010
Parent:KCB Group

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

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

, 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

Notes and References

  1. Web site: KCB bets big on Rwanda. Justus. Ondari. Daily Nation. Nairobi. 1 November 2015. 25 April 2010.
  2. Web site: 31 August 2015. Kigali. Rwanda: KCB Registers 37 Percent Growth in Total Assets. Triphomus. Muyagu. The Rwanda Focus via AllAfrica.com. 1 November 2015.
  3. Web site: List of Licensed Banks In Rwanda As At November 2015 . 1 November 2015 . BNR . National Bank of Rwanda (BNR) . 1 November 2015 . Kigali . dead . https://web.archive.org/web/20150714104320/http://www.bnr.rw/uploads/media/List_of_licensed_banks_2015.pdf . 14 July 2015 .
  4. Web site: 13 September 2021 . KCB Group PLC Completes Acquisition of Banque Populaire du Rwanda Plc (BPR). . 6 March 2022 . KCB Group . 28 February 2022 . https://web.archive.org/web/20220228154033/https://rw.kcbgroup.com/about-us/news-room/banking/kcb-group-plc-completes-acquisition-of-banque-populaire-du-rwanda-plc-bpr . dead .
  5. Web site: Nzabonimpa . Patrick . 5 May 2022 . KCB Group completes acquisition of Banque Populaire du Rwanda . 5 May 2022 . The New Times.
  6. Web site: Rwanda: KCB Upgrades Nyarutarama Branch. 1 November 2015. 29 October 2015. Triphomus. Muyagu. The Rwanda Focus via AllAfrica.com. Kigali.
  7. Web site: Location of the Branches of KCB Rwanda. 1 November 2015. 1 November 2015. Kenya Commercial Bank Group. KCB Group. https://web.archive.org/web/20160304080553/https://rw-en.kcbbankgroup.com/locator/?branch_atm=1&postal_code_location=. 4 March 2016. dead.

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