Tunazidi kudominate ukanda huu.KCB Group has completed the acquisition of Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited.
KCB Group chief executive Joshua Oigara said the lender has secured regulatory approvals in Kenya and Rwanda for the deal which makes KCB Group the majority shareholder in BPR.
The lender says it will merge the new acquisition with its subsidiary KCB Bank Rwanda and rename the combined entity as BPR Bank, making it the second largest bank in the country.
The acquisition is set to give KCB a larger footprint in retail banking in Rwanda, building on its existing corporate business that has been the strength of KCB Bank Rwanda.
“The completion of the transaction in Rwanda will give the group a stronger edge in deepening the ongoing strategy to scale regional presence,” said Mr Oigara.
“The plan is to eventually create one banking entity in Rwanda to be named BPR Bank by merging KCB Bank Rwanda and BPR.”
KCB announced in November it had signed a deal with Atlas Mara to buy 62.06 per cent stake in BPR and a 100 per cent stake in Banking Corporation Tanzania (BancABC), with the latter awaiting approvals from regulators.
The lender said it is still looking to close the deal on BancABC that will see it acquire 96.6 per cent stake from ABC Holdings Limited and 3.4 per cent stake from Tanzania Development Finance Company Limited.
Kenya’s high rate of financial inclusion and digital banking have forced local lenders to look outside the country’s borders for growth.
The resultant acquisitions have seen both KCB and Equity Bank Group boost their asset base to over Sh1 trillion each.
The KCB deal comes months after Equity Bank Group called off its plan to acquire four banking subsidiaries in Rwanda, Zambia, Tanzania and Mozambique from Atlas Mara Limited in a move aimed at preserving its capital in the wake of the Covid-19 pandemic.
KCB completes acquisition of Rwandan bank
KCB Group has completed the acquisition of Rwandese lender Banque Populaire du Rwanda (BPR).www.businessdailyafrica.com
True. Nairobi will be a serious financial centre in the next few years.There is no escaping the fact that in the next few years every single cent that circulates in East and Central Africa will have to go through Nairobi one way or another
HyperboleThere is no escaping the fact that in the next few years every single cent that circulates in East and Central Africa will have to go through Nairobi one way or another
KCB, Equity, I&M bank, DTB bank, NCBA Bank all have presence in East African countries while tz has zero banks in the region, its a fact.Hyperbole
Thats what I call the famous phrase"""MY TAKE.""KCB, Equity, I&M bank, DTB bank, NCBA Bank all have presence in East African countries while tz has zero banks in the region, its a fact.
CRDB hawako nje ya tz? halafu hiyo DTB si ya wahindi? nyie mtasema hata agha khan ni yenu?KCB, Equity, I&M bank, DTB bank, NCBA Bank all have presence in East African countries while tz has zero banks in the region, its a fact.
Hii CRDB iko Uganda, Kenya, Rwanda, South Sudan au, sawa jitetee DTB na hizo zingine je ama pia ni za wahindi? Hio Crdb iko tu Burundi boss.CRDB hawako nje ya tz? halafu hiyo DTB si ya wahindi? nyie mtasema hata agha khan ni yenu?
Tanzania watu weusi hawaruhusiwi kumiliki benki ila wahindi ni ruksaKCB, Equity, I&M bank, DTB bank, NCBA Bank all have presence in East African countries while tz has zero banks in the region, its a fact.
Tunazidi kudominate ukanda huu.
Umesema hakuna bank ya tanzania iliyopo nje ya tz boss, haya DTB sio ya wahindi ni based kenya coHii CRDB iko Uganda, Kenya, Rwanda, South Sudan au, sawa jitetee DTB na hizo zingine je ama pia ni za wahindi? Hio Crdb iko tu Burundi boss.
Tanzania watu weusi hawaruhusiwi kumiliki benki ila wahindi ni ruksa
Vodcom has hired a bleak men from SADC,
Umesema hakuna bank ya tanzania iliyopo nje ya tz boss, haya DTB sio ya wahindi ni based kenya co
India hakuna bank inayoitwa DTB. DTB ni bank iliyoanzishwa Kenya na wala haipo India.CRDB hawako nje ya tz? halafu hiyo DTB si ya wahindi? nyie mtasema hata agha khan ni yenu?
Imeanzishwa kenya na wakenya weusi kama jaluoIndia hakuna bank inayoitwa DTB. DTB ni bank iliyoanzishwa Kenya na wala haipo India.
Sasa wivu uliooza utakusaidia na nini? Hata huko kwenu mna makampuni mengi yaliyoanzishwa na waarabu na wahindi. In fact hii DTB is not even top four biggest bank in Kenya. All top four biggest banks in Kenya zimeanzishwa na Wakenya weusi. Kajinyonge kama hupendi hizi facts.Imeanzishwa kenya na wakenya weusi kama jaluo
Mngekuwa hamna wivu mngemzuia muhindi rostam kuinvest kenya?Sasa wivu uliooza utakusaidia na nini? Hata huko kwenu mna makampuni mengi yaliyoanzishwa na waarabu na wahindi. In fact hii DTB is not even top four biggest bank in Kenya. All top four biggest banks in Kenya zimeanzishwa na Wakenya weusi. Kajinyonge kama hupendi hizi facts.
Sasa huyo si ni muarabu? Mbona usizungumze kuhusu watanganyika wenzako? Ambao wamewekeza nchini Kenya kwa maelfu, kwenye biashara yao pendwa ya kuomba omba na vibakuli vyao mitaani.Mngekuwa hamna wivu mngemzuia muhindi rostam kuinvest kenya?