Bank of Kigali (BK) has been licenced to operate in Kenya, making it the first foreign bank from the East African Community (EAC) to set up operations in Nairobi.
The Central Bank of Kenya (CBK), in a statement on Tuesday said that it had authorised BK to set up in Kenya, a move that will allow it to expand its business in the region.
BK, which is listed on the Rwanda Stock Exchange, is Rwanda’s largest lender by assets.
“The Bank of Kigali through its representative office in Kenya seeks to explore potential business opportunities in the country with a view to evaluating the prospects for a long term presence in Kenya,” said CBK.
Uganda:Six banks bid to buy Crane Bank
Nakumatt expands regional presence with third Rwanda Branch
Restaurant Epicurien to offer European menu on the eve of New Year feast
South Africa’s Steinhoff and Shoprite to form retail giant
Dar wins 3 new cement investors
|READ MORE ARTICLES ABOUT "Business"...|