KCB completes acquisition of Rwandan bank

KCB banking hall.

Customers wait to be served in the banking hall at KCB Kencom branch in Kenya's capital Nairobi. PHOTO | FILE

KCB Group has completed the acquisition of Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited.

KCB Group chief executive Joshua Oigara said the lender has secured regulatory approvals in Kenya and Rwanda for the deal which makes KCB Group the majority shareholder in BPR.