{"id":48203,"date":"2023-06-05T07:40:36","date_gmt":"2023-06-05T07:40:36","guid":{"rendered":"https:\/\/new.igihe.com\/kcb-group-increases-shares-in-banque-populaire-du-rwanda\/"},"modified":"2023-06-07T09:04:55","modified_gmt":"2023-06-07T09:04:55","slug":"kcb-group-increases-shares-in-banque-populaire-du-rwanda","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kcb-group-increases-shares-in-banque-populaire-du-rwanda\/","title":{"rendered":"KCB Group increases shares in Banque Populaire du Rwanda"},"content":{"rendered":"

The Kenyan banking multinational, listed on the Nairobi Securities Exchange, previously held a 77 percent stake in BPR Bank Rwanda Plc, which was formed from the merger of KCB Bank Rwanda and Banque Populaire du Rwanda (BPR). <\/p>\n

The latest annual report reveals that KCB’s investment in the Rwandan subsidiary increased to Sh7.5 billion in the year ending December 2022, up from Sh4.8 billion the previous year.<\/p>\n

This move indicates KCB’s intention to consolidate its ownership of the bank by buying out minority shareholders, who were former owners of BPR. <\/p>\n

KCB had previously owned 100 percent of KCB Bank Rwanda. BPR Bank Rwanda now stands as the second-largest lender in Rwanda and the most profitable subsidiary in KCB’s regional market.<\/p>\n

The subsidiary reported a significant 84.6 percent rise in net profit to Sh2.02 billion in the year ending December 2022, attributed to increased interest income. <\/p>\n

Net interest income grew from Sh3.6 billion to Sh6.8 billion, reflecting the impact of expanded lending. The loan book also saw growth, reaching Sh54.9 billion from Sh40.4 billion.<\/p>\n

\"KCB<\/figure>\n","protected":false},"excerpt":{"rendered":"

{KCB Group has raised its stake in its Rwandan subsidiary to 87 percent by investing an additional Sh2.7 billion, Business Daily Africa has reported.} <\/p>\n","protected":false},"author":62,"featured_media":2000056862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-48203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000056862,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/bpr_bank_rwanda_plc_yasobanuye_imvano_y_imbogamizi_zagaragaye_mu_ikoreshwa_ry_ikoranabuhanga_ku_bakiliya_bayo-3ef70-2dbdd.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/48203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=48203"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/48203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000056862"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=48203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=48203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=48203"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=48203"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=48203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}