KCB Bank Rwanda Limited

KCB Bank Rwanda Limited
Private
Industry Banking
Founded 2008
Headquarters Kigali, Rwanda
Key people
 Tom Ipomai, Chairman
Maurice Toroitich, Managing Director[1]
Products Loans, Debit cards, savings, investments, mortgages, Payment Services
Revenue Increase 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 Homepage

KCB Bank Rwanda Limited (KCB Bank Rwanda), is a commercial bank in Rwanda. It is one of the banks licensed by the National Bank of Rwanda, the country's banking regulator.[3]

Overview

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]

Kenya Commercial Bank Group

The bank is a member of the Kenya Commercial Bank Group, headquartered in Nairobi, with subsidiaries in Kenya, Rwanda, Southern Sudan, Tanzania and Uganda. Members of the KCB Group of companies includes the following:[4]

As of November 2010, KCB Group was the largest financial services group in East Africa, with an asset base estimated at over US$2.8 billion. The Group had the widest network of banking outlets consisting of over 200 branches in Kenya, Rwanda, Southern Sudan, Tanzania and Uganda.[5] The shares of stock of KCB Group are listed on the following East African Stock Exchanges, where they trade under the symbol KCB:[6]

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.

Branch network

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:[7][8]

  1. Main Branch - Avenue de la Paix, Kigali
  2. Kimironko Branch — Kimironko, Kigali
  3. Nyabugogo Branch — Nyabugogo, Kigali
  4. Remera Branch — Remera, Kigali
  5. Musanze Branch - Musanze
  6. Rubavu Branch - Rubavu
  7. Muhanga Branch - Muhanga
  8. Huye Branch - Huye
  9. Rusizi Branch - Rusizi
  10. Branch Number 10
  11. Branch Number 11
  12. Branch Number 12
  13. Branch Number 13
  14. Branch Number 10
  15. Nyarutarama Branch - Nyarutarama

See also

References

  1. ↑ Ondari, Justus (25 April 2010). "KCB bets big on Rwanda". Daily Nation. Nairobi. 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. ↑ Profile of KCB Group
  5. ↑ Namata, Berna (17 December 2010). "KCB forecasts huge operating loss". The New Times (Rwanda). Kigali. Retrieved 1 November 2015.
  6. ↑ KCB Listed on All Stock Exchanges in East Africa
  7. ↑ Muyagu, Triphomus (29 October 2015). "Rwanda: KCB Upgrades Nyarutarama Branch". The Rwanda Focus via AllAfrica.com. Kigali. Retrieved 1 November 2015.
  8. ↑ KCB Group (1 November 2015). "Location of the Branches of KCB Rwanda". Kenya Commercial Bank Group. Retrieved 1 November 2015.
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