KCB Group increases stake in Rwanda subsidiary to 87 percent

Kenya Commercial Bank Branch along Mama Ngina Street in Nairobi. 

Photo credit: File | Nation Media Group

KCB Group invested an additional Sh2.7 billion into its Rwandan subsidiary last year, raising its stake in the business to a new high of 87 percent.

The Nairobi Securities Exchange-listed firm previously held a 77 percent stake in BPR Bank Rwanda Plc which was created last year from the merger of the former KCB Bank Rwanda and Banque Populaire du Rwanda (BPR).

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