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class="date_in_number">August 18, 2022</span> </div> <h1> KCB Group Receive Approval to Merge Rwanda Operations </h1> </div> </div> <div class="col-lg-12"> <div class="breadcrumbs creote"> <ul class="breadcrumb m-auto"><li><a href="https://www.eastafricanchamber.org">Home</a> </li><li><a href="https://www.eastafricanchamber.org/index.php/category/investment/">Investment</a> </li> <li class="active">KCB Group Receive Approval to Merge Rwanda Operations</li></ul> </div> </div> </div> </div> </div> <div class="meta_blog_single"> <div class="auto-container"> <div class="row"> <div class="col-md-12"> <div class="left_side"> <div class="category"><a href="https://www.eastafricanchamber.org/index.php/category/investment/" class="categors"><i class="icon-folder"></i>Investment</a></div> <div class="comments"> <i class="icon-text"></i> <a href="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/#respond" class="Comments are Closed" >Post Comment</a> </div> </div> <div class="right_side"> <div class="content_box_auht d-flex"> <div class="authour_content"> <h6>Posted By</h6> <h4>EACCI</h4> </div> <div class="authour_image"> <img alt='' src='https://secure.gravatar.com/avatar/bb9ddc489aff0421b279a9506d57b7b2?s=50&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/bb9ddc489aff0421b279a9506d57b7b2?s=100&d=mm&r=g 2x' class='avatar avatar-50 photo' height='50' width='50' decoding='async'/> </div> </div> </div> </div> </div> </div> </div> </section> <div id="content" class="site-content "> <div class="auto-container auto_container"> <div class="row default_row"><div id="primary" class="content-area col-lg-8 col-md-12 col-sm-12 col-xs-12"> <main id="main" class="site-main" role="main"> <section id="post-6535" class="blog_single_details_outer content-Sblog post-6535 post type-post status-publish format-standard has-post-thumbnail hentry category-investment"> <div class="single_content_upper"> <div class="blog_feature_image"> <img width="711" height="400" src="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-4.jpg" class="attachment-770x400 size-770x400 wp-post-image" alt="" decoding="async" srcset="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-4.jpg 873w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-4-300x169.jpg 300w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-4-768x432.jpg 768w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-4-600x337.jpg 600w" sizes="(max-width: 711px) 100vw, 711px" /> </div> <div class="post_single_content"> <p class="story-body-text" data-para-word-count="28">Nairobi — KCB Group PLC has received regulatory approval from the National Bank of Rwanda (BNR) to merge its newly acquired Banque Populaire du Rwanda (BPR) and KCB Bank Rwanda</p> <p class="story-body-text" data-para-word-count="30">This means the two banks will now operate as a single entity named BPR Bank Rwanda Plc, with KCB Group as the majority shareholder with effect from 1st April 2022.</p> <p class="story-body-text" data-para-word-count="31">The combined bank will become the second-largest bank in the Rwanda banking industry and gives KCB Group a stronger edge in deepening the ongoing Group strategy to scale its regional presence.</p> <p class="story-body-text" data-para-word-count="57">“BPR, as we know it today, has a lot of potential. The success of this business will build on our era of undisputed leadership in the market and contribute to Rwanda’s economic success journey. I am confident that we can re-write Rwanda’s next chapter of development and economic growth,” said KCB Group CEO and MD Joshua Oigara.</p> <p class="story-body-text" data-para-word-count="40">“The success of this integration now allows our customers to enjoy exciting retail and wholesale offerings and the wide branch network is an opportunity for us to roll out products and services to MSMEs and the rural community,” he added.</p> <p class="story-body-text" data-para-word-count="54">Subsequently, the BPR Bank Rwanda Plc Board has approved a new organizational structure for the integrated entity which takes effect immediately subject to governance approvals obtained from BNR. Mr. George Odhiambo, a seasoned banker has been appointed as the Managing Director BPR Bank Rwanda Plc. George was the Managing Director of KCB Bank Rwanda.</p> <p class="story-body-text" data-para-word-count="37">“The structure has considered the necessity of smooth post-integration transition with minimal business and human capital disruption whilst retaining key talent resources as well as alignment to the KCB Group Structure for support and governance,” said Oigara.</p> <p class="story-body-text" data-para-word-count="44">The new entity has a new trademark and registration operating as BPR Bank Rwanda Plc; a new approved organizational structure; aligned products and services for the market; integration of core banking system; credit process automation and rebranded branches and customer touchpoints amongst other deliverables.</p> <p class="story-body-text" data-para-word-count="68">BPR is a strong retail and SME Bank with the largest branch network in the sector and a long history spanning over 45 years in Rwanda. The merger will provide current KCB Rwanda’s customers with access to a larger network of branches and agents across the country, while BPR’s customers will benefit from best-in-class digital capability, transactional banking solutions, trade finance expertise, and international banking offering from KCB.</p> <div class="clearfix"></div> </div> </div> <div class="single_content_lower"> <div class="tags_and_share yes_share "> <div class="d-flex"> <div class="share_content right_one"> <div class="share_socail"> <div class="title">Share</div> <button class="m_icon" data-toggle="tooltip" data-placement="right" title="facebook" data-sharer="facebook" data-title="KCB Group Receive Approval to Merge Rwanda Operations" data-url="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/"> <i class="fa fa-facebook"></i> </button> <button class="m_icon" data-toggle="tooltip" data-placement="right" title="twitter" data-sharer="twitter" data-title="KCB Group Receive Approval to Merge Rwanda Operations" data-url="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/"> <i class="fa fa-twitter"></i> </button> <button class="m_icon" data-toggle="tooltip" data-placement="right" title="whatsapp" data-sharer="whatsapp" data-title="KCB Group Receive Approval to Merge Rwanda Operations" data-url="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/"> <i class="fa fa-whatsapp"></i> </button> <button class="m_icon" data-toggle="tooltip" data-placement="right" title="telegram" data-sharer="telegram" data-title="KCB Group Receive Approval to Merge Rwanda Operations" data-url="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/" data-to="+44555-03564"> <i class="fa fa-telegram"></i> </button> <button class="m_icon" data-toggle="tooltip" data-placement="right" title="skype" data-sharer="skype" data-url="https://www.eastafricanchamber.org/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/" data-title="KCB Group Receive Approval to Merge Rwanda Operations"> <i class="fa fa-skype"></i> </button> </div> </div> </div></div> <div class="sec_comments padding-t-8 padding-b-3" id="comment"> <div class="container_no"> <div class="row justify-content-center"> <div class="col-lg-12"> <div id="respond" class="comment-respond"> <h3 id="reply-title" class="comment-reply-title">Post a comment <small><a rel="nofollow" id="cancel-comment-reply-link" href="/index.php/2022/08/18/kcb-group-receive-approval-to-merge-rwanda-operations/#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://www.eastafricanchamber.org/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="title_para">Your email address will not be published.</p><p class="comment-form-comment"><label for="comment">Leave a Reply</label><textarea placeholder="Write your comment here..." id="comment" name="comment" rows="12" aria-required="true"></textarea></p><p class="comment-form-author"> <label for="name">Full Name</label> <input id="author" placeholder="ex. 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class="news_box default_style list_view normal_view clearfix has_images" id="post-6541"> <div class="image img_hover-1"> <img width="960" height="511" src="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-6.jpg 960w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-6-300x160.jpg 300w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-6-768x409.jpg 768w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-6-600x319.jpg 600w" sizes="(max-width: 960px) 100vw, 960px" /> <a href="https://www.eastafricanchamber.org/index.php/category/investment/" class="categories"><i class="icon-folder"></i>Investment</a> </div> <div class="content_box"> <div class="date"> <span class="date_in_number">August 18, 2022</span> </div> <div class="source"> <h2 class="title"><a href="https://www.eastafricanchamber.org/index.php/2022/08/18/fresh-move-to-spur-growth-of-tanzanian-startups/" rel="bookmark">Fresh move to spur growth of Tanzanian startups</a></h2> <p class="short_desc">Country Manager for Tanzania Breweries Limited (TBL), Jose Moran speaks in Dar es Salaam yesterday.…</p> </div> </div> </div> </div> <div class="swiper-slide"> <div class="news_box default_style list_view normal_view clearfix has_images" id="post-6538"> <div class="image img_hover-1"> <img width="1160" height="652" src="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-5.jpg 1160w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-5-300x169.jpg 300w, https://www.eastafricanchamber.org/wp-content/uploads/2022/08/unnamed-5-1024x576.jpg 1024w, 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