KCB adds 1,013 staff after purchase of Rwandan lender

A customer is served at the Kenya Commercial Bank (KCB) in Nairobi on January 24, 2018. PHOTO | SIMON MAINA | AFP

KCB Group #ticker:KCB 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).

The transaction, which made BPR a subsidiary of KCB, raised the workforce of the Kenyan banking multinational to 8,538 in the year ended December. KCB’s staff count stood at 7,525 in the previous year.

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