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DRC market biggest for KCB, most profitable for Equity
Trust Merchant Bank SA (TMB) CEO Oliver Meisenberg, KCB Group Chairman Andrew Wambari Kairu and Central Bank of Kenya Governor Patrick Njoroge during the KCB Group transaction agreement documents exchange event following the acquisition of shares in DRC-Based Trust Merchant Bank (TMB), at the Nairobi Serena on December 19, 2022. PHOTO | DIANA NGILA | NMG
The Democratic Republic of the Congo (DRC) has handed Equity Group and KCB Group their largest and most profitable operations outside the Kenyan market with the market setting itself apart from subsidiaries in other markets.
An analysis of the bank’s most recent set of financial results shows the DRC housed the operations with the most assets for both banks outside Kenya –and the most profitable unit for Equity in the region.
