1.1T Net Loans & Advances (in Ksh.) 1.5T Customer Deposits (in Ksh.) 2.0T Total Assets (in Ksh.) 528 Branches 1,313 ATMs 33M Customers 1.1T Net Loans & Advances (in Ksh.) 1.5T Customer Deposits (in Ksh.) Join KCB Group
KCB Group #ticker:KCB wants to acquire a bank in Democratic Republic of Congo (DRC) in the next two years once it wraps up Sh4.37 billion ($40 million) deals in Tanzania and Rwanda. Entrance into the Central African country with a population of over 84 million will mark the seventh...
“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 (...
The group becomes the second Kenyan bank after Equity Group to cross the Sh1 trillion asset mark. Equity closed the review period with a Sh1.12 trillion balance sheet. KCB hopes to complete the acquisition of two banks in Rwanda and Tanzania at about Sh6 billion, in a deal tha...
The bank is currently pursuing an acquisition in the Democratic Republic of Congo (DRC) after a buyout in Tanzania was called off due to regulatory hurdles. KCB and other big banks like Equity Group are expanding aggressively in the region, seeking diversification and growth in neighbour...
Once KCB acquires National Bank, it is expected to conclude the deal it is pursuing acquiring Imperial Bank, which has been under receivership. Last Friday, CBK announced it had received a revised offer from KCB to take over 7.5 percent of the outstanding deposit balance in Imperial. ...
The parties had initiated talks in April last year, but the negotiations targeting Atlas Mara’s units in Rwanda, Zambia, Tanzania and Mozambique dragged on until the pandemic hit. Equity Bank then acquired Belgian tycoon George Forrest’s 66.53 percent stake in Banque Commerciale du Congo (...
The bank argues that the loans were extended after a formal application, a letter of offer being made and security advanced in support. “In any event, the applicant has not even paid the amounts it concedes as due and owing, and in the circumstances, I verily believe that ...
KCB Group will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements. NBK has continued to breach statutory capital levels despite receiving the ...
Trust Merchant Bank SA (TMB) CEO Oliver Meisenberg, KCB Group Chairman Andrew Wambari Kairu and Central Bank of Kenya Governor Patrick Njoroge during the KCB Group transaction agreement documents exchange event following the acquisition of shares in DRC-Based Trust Merchant Bank (TMB),...