KCB Bank Rwanda and Banque Populaire du Rwanda (BPR) have officially joined to form one bank, known as BPR Bank Rwanda Plc, following the successful acquisition of BPR by KCB Group from Atlas Mara Limited and Arise B.V.
The acquisition comes with changes in the bank’s name to BPR Bank Rwanda Plc and logo rebranding to a light green and white. The unveiling of the new name was held at Kigali Convention Centre with Prime Minister Dr. Edouard Ngirente as Chief Guest
Speaking during the launch event, KCB Group CEO and MD Joshua Oigara said, “Today we are officially launching a robust and unified bank BPR Bank Rwanda. We are delighted with the possibilities that lay ahead, as this integration has enabled us to buttress our leadership position, giving us a stronger edge to play a bigger role in driving the financial inclusion agenda in East Africa, while building a robust and financially sustainable organization.”
Dr. Patrick Njoroge, Governor of the Central Bank of Kenya said in a statement, “ The greatest asset that the bank has is its staff, most of them are unsung heroes in back rooms and branches dedicating themselves to professionalism, integrity and dealing with each customer as if this was the only customer in the world”
John Rwangombwa Governor National Bank of Rwanda Congratulated BPR Bank Rwanda Plc and promised support from the National Bank of Rwanda as a regulator.
Prime Minister Dr. Eduard Ngirente called upon BPR Bank to go a step further, “Being the second largest Bank in Rwanda should motivate BPR Bank Rwanda Plc to go a step further and find digital financial solutions for the public, to ease their businesses and provide low-cost credit that will enable the kind of growth required for the country’s economic ambitions”.
BPR Bank Board Chairman George Rubagumya called on the people who were Founders/Shareholders of Bank Populaire Du Rwanda to come back home, “ We need to see the people who founded the bank and had shares in it now that their bank is revived we want them to come closer to it and benefit from the investments of their parents.’
BPR Bank Rwanda is now the second largest bank in Rwanda with an asset base of 648 Billion RWF and a network of 154 branches, playing a critical role to support a budding economy to drive financial inclusion in the country by focusing efforts on; inclusive growth, equality, financial opportunities, money management, investment initiatives, the standard of living, and poverty reduction.Follow @Davishigiro