Rwanda and the Democratic Republic of Congo (DRC) were the most profitable regional subsidiaries for KCB Group #ticker:KCB and Equity Group #ticker:EQTY respectively in 2021, revealing the benefits of acquisitions they made in those countries.
KCB acquired Banque Populaire du Rwanda (BPR) in June last year from London-listed financial services firm Atlas Mara Limited, eyeing a larger footprint in retail banking in the country.
