KCB Unveils Merged Rwanda Operations

By Kepha Muiruri For Citizen Digital

KCB Group has unveiled merged operations in Rwanda following the close of its deal to acquire Banque Populaire Du Rwanda (BPR) at the end of March.

The new merged entity which adds to its earlier operations in the country as KCB Bank Rwanda Plc is known as BPR Bank Rwanda Plc.

The combined bank is the second-largest lender in the country with an asset base of Ksh.73.7 billion (648 billion RWF) and a network of 154 branches.

KCB is betting on the merged banking unit to give the Group a stronger edge in deepening its strategy to scale regional presence.

“BPR Bank Rwanda holds a lot of promise. We will continually tap into the strengths of both BPR and KCB Bank Rwanda, to offer our customers additional value. We want to revolutionize the way we do business, guaranteeing ultimate satisfaction to our esteemed customers, as they interact with us,” said KCB Group CEO and Managing Director Joshua Oigara.

Following the acquisition of BPR, KCB says it is now pursuing acquisition opportunities in the Democratic Republic of Congo (DRC).

KCB Group purchased the bank at an estimated cost of Ksh.6.3 billion.

The Group will seek to tap BPR’s strong retail and SME footprint.