Rwanda and the Democratic Republic of Congo (DRC) were the most profitable regional subsidiaries for Kenyan lenders KCB Group and Equity Group 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.
