KCB Bank Kenya’s loan book has surged in recent years, outpacing its deposit base.
KCB Group
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KCB Group operates as a holding company for subsidiaries across Africa.
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The merger will result in the creation of the second-largest bank in Rwanda’s banking industry.
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The proposed deal comes after the Oigara-led group expressed interest in negotiating another acquisition in Tanzania.
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Under Oigara, the group’s assets have increased in value from $3.41 billion at the end of 2013 to $8.64 billion by the …
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KCB Group is one of East Africa’s largest commercial banking groups.
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The move increases the group’s market share in the Rwandan retail and SME banking sector.