{"id":50393,"date":"2024-04-05T09:49:15","date_gmt":"2024-04-05T09:49:15","guid":{"rendered":"https:\/\/new.igihe.com\/kenya-s-central-bank-announces-closure-of-bank-of-kigali-office-in-nairobi\/"},"modified":"2024-04-05T09:49:10","modified_gmt":"2024-04-05T09:49:10","slug":"kenya-s-central-bank-announces-closure-of-bank-of-kigali-office-in-nairobi","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kenya-s-central-bank-announces-closure-of-bank-of-kigali-office-in-nairobi\/","title":{"rendered":"Kenya\u2019s Central Bank announces closure of Bank of Kigali office in Nairobi"},"content":{"rendered":"<p>In a press statement on Friday, April 5, 2024, CBK Governor Kamau Thugge said the lender had taken a strategic decision to close the office to focus on digital service.<br \/>\nThe termination took effect on April 2.<\/p>\n<p>\u201cThe Central Bank of Kenya (CBK) announces the cancellation of the authority granted to the Bank of Kigali (BoK) to operate a Representative Office in Kenya under Section 43 of the Banking Act, effective April 2, 2024. <\/p>\n<p>\u201cThe voluntary termination of BoK&#8217;s presence in Kenya follows a strategic decision taken by the Bank of Kigali Group Plc (BoK&#8217;s parent company) to focus more on digital service delivery channels. CBK authorised the establishment of Bank of Kigali&#8217;s Representative Office in Kenya on February 12, 2013,\u201d CBK stated.<\/p>\n<p>Bank of Kigali, headquartered in Kigali, was established in 1966. It\u2019s licensed and supervised by the National Bank of Rwanda under the Law governing the organisation of banking. <\/p>\n<p>In 2023, BK Group recorded a 25 per cent year-on-year increase in net profit, reaching Rwf74.8 billion in 2023. The group saw its profit before tax cross the $100 billion mark, growing at 23.8 per cent. <\/p>\n<figure class=\"spip-document spip-document-65373\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Kenya (CBK) has announced a voluntary termination of Bank of Kigali&#8217;s Kenyan Office opened in 2013.<\/p>\n","protected":false},"author":8,"featured_media":2000065372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-50393","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":2000065372,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/43606519_jujblvn0bsbzihbods1eiv9vu5jr0rtmec5rzwpgfmm.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/50393","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=50393"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/50393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000065372"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=50393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=50393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=50393"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=50393"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=50393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}