A market in Kinshasa. DR Congo, with a population of about 85 million people, has attracted the attention of many regional banks. PHOTO | AFP KCB Group kicked off a plan to enter the Democratic Republic of Congo through the acquisition of an existing lender in the next four months. This is part of the […]
Nairobi — KCB Group PLC has completed the acquisition of Banque Populaire du Rwanda Plc (BPR) from Atlas Mara Mauritius Limited and Arise B.V. This follows the securing of the requisite regulatory approvals in Kenya, and Rwanda in what makes KCB Group the majority shareholder in BPR, Rwanda’s second biggest bank, with effect from August […]
KCB Rwanda Plc and Banque Populaire du Rwanda Plc (BPR) have commenced a process of merging into one entity to be named BPR Bank, officials at the lender have said. This follows an announcement by KCB Group, the parent company that they had concluded the acquisition of majority stake in BPR as of August 25. […]
Nairobi — KCB Group PLC has completed the acquisition of Banque Populaire du Rwanda Plc (BPR) from Atlas Mara Mauritius Limited and Arise B.V. This follows the securing of the requisite regulatory approvals in Kenya, and Rwanda in what makes KCB Group the majority shareholder in BPR, Rwanda’s second-biggest bank, with effect from August 25, […]
KCB Bank has completed the acquisition of Rwanda’s second-largest lender, Banque Populaire du Rwanda (BPR). The move is part of an expansion plan that will see KCB gain a stronger footing in Rwanda and the East African region. The Kenyan lender secured regulatory approvals on Wednesday, effectively acquiring BPR from Atlas Mara Mauritius and Arise […]
Customers wait to be served in the banking hall at KCB Kencom branch in Kenya’s capital Nairobi. PHOTO | FILE 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 […]
Banks are expected to wait longer to effect risk-based pricing to loans and advances to customers, a move set to alter interest rates on loans. This is as the industry extends talks with the Central Bank of Kenya (CBK) before moving forward with the adoption of the model which loosely translates to offering different interest […]
KCB Group #ticker:KCB 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 […]
Central Bank of Kenya. FILE PHOTO | NMG Banks are in talks with the Central Bank of Kenya (CBK) to reinstate charges on customers’ transfer of money from bank accounts to mobile money wallets. The lenders have witnessed a fall in fees and commissions from such transactions and see the end of the freeze of […]
KEY POINTS Umeme was the top gainer of the day on Thursday with 9.38 percent at the price of 7.00 shillings per share. The second top gainer was Stanlib Fahari Income – REIT with 3.55 percent at the price of 7.00 shillings per share. Umeme was the top gainer of the day on Thursday with […]
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