KCB takes 77pc stake in merged Rwanda lender

A KCB branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG

KCB Group has taken a 77 percent stake in BPR Rwanda, the subsidiary that was created from the merger of KCB Bank Rwanda and Banque Populaire du Rwanda (BPR).

The Nairobi Securities Exchange-listed firm previously owned 100 percent of KCB Bank Rwanda. It acquired a 62.06 percent stake in Banque Populaire du Rwanda (BPR) last year at a total cost of Sh5.3 billion.

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