KCB Group has converted a Sh3.45 billion long-term loan it had given to NBK last year into equity, helping the subsidiary meet its core capital ratios after years of default.
KCB Group added 1,013 employees to its payroll last year following its acquisition of a controlling 62.06 percent stake in Banque Populaire du Rwanda Plc (BPR).
KCB is the second tier-one bank to disclose that it is preparing to return to pricing loans based on the perceived risk of default for individual borrowers.
KCB Group has quietly extended the term of Chief Executive Officer Joshua Oigara by a year as it continues the search for a successor to the long-serving leader ahead of December.