KCB Group closed 31 branches in Rwanda in the six months ended June 2024, on a shift to agency banking and as a consolidation strategy following the acquisition of Banque Populaire du Rwanda (BPR), which was later merged with an existing subsidiary in the same market.
The lender’s latest disclosures show that BPR Bank Rwanda Plc, the entity born out of the merger of BPR with KCB Bank Rwanda —the initial entity it had in Rwanda— closed 18 branches in three months ended June 2024, adding to 13 it had closed in the first quarter of the year.
