This followed the merger between former Commercial Bank of Africa Limited (CBA) and NIC Group PLC (NIC Group) which took effect on 1st October 2019 and resulted into NCBA Group PLC (the "Group") as the holding company of Commercial Bank of Africa (Rwanda) PLC.
Subsequently, on the 31st December 2019, The National Bank of Rwanda (BNR) issued the Bank a new operating license under the name NCBA Bank Rwanda PLC.
Ms. Lina Higiro, CEO of NCBA Bank Rwanda PLC said, "We are delighted to adopt a new name and brand identity, which will enable our bank to leverage on the strengths, values and historic legacies of the merged entity – NCBA Group PLC".
"Our new brand identity sets us apart in a bold and distinctive way that resonates very well with our customers. With the financial strength, expertise, regional connectivity and expanded range of products and services, NCBA Bank Rwanda PLC is set to become a market leader in Corporate, Retail, Asset Finance and Digital Banking within the region." says Ms. Lina Higiro.
NCBA Group PLC operates a network of more than 100 branches in five countries including Kenya, Uganda, Tanzania, Rwanda and Ivory Coast. Serving over 40 million customers, the NCBA is the largest bank in Africa by customer numbers.
The public is advised that the bank will finalise the rebranding process over the next one month.