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KCB s stake in Rwanda unit rises by 10 8pc after merger

The Kenyan banking multinational bought a 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise.

Atlas maraNational bankBank rwanda plcDequity bank rwandaMerchant bankBank rwandaBanque populaireLondon based atlas mara limitedDemocratic republicTrust merchantTrust merchant bankKcb groupAtlas mara limitedBanque populaire du rwanda

KCB Group Plc to acquire DRC-based lender, Trust Merchant Bank

KCB Group Plc has entered into a definitive agreement with shareholders of Trust Merchant Bank (TMB) to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender.

South sudanRobert levyAndrew wambari kairuGroup retailBanque populaire du rwandaMerchant bankGroup plcAtlas mara mauritiusBanque populaireAtlas mara mauritius limitedWambari kairuEast africaTrust merchant bank

KCB acquires DR Congo bank in expansion drive

Kenyan lender becomes second after Equity to open shop EAC’s newest member.

Kcb groupMerchant bankDemocratic republicTrust merchant bankEast africanDemocratic republic of congoBanque populaire du rwandaBanking corporation tanzaniaTrust merchant bank

KCB takes 77pc stake in merged Rwanda lender

It recently merged the two subsidiaries to create BPR Rwanda whose owners include former minority investors of BPR.

Nairobi areaAtlas maraEquity groupBank kenyaBank rwandaBanque populaireNairobi securities exchange listedDemocratic republicKcb groupBanque populaire du rwanda

Kenyan banks lead regional peers with 150 new branches

CBK data shows Kenyan bank outlets in the region jumped from 343 after KCB acquired Rwandese lender Banque Populaire du Rwanda.

South sudanCity ofUnited kingdomAtlas maraCentral bankEquity bank groupGroup rwanda plcEquity groupIm bankGuaranty trust bankDiamond trust bankEquity bankAfrican communityEast africanBanque populaireCo operative bank

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