Bank of Kigali will delay entry into Kenya even after its introduction to the local stock exchange

Diane Karusisi, Chief Executive Officer, Bank of Kigali

Bank of Kigali does not intend to deploy full banking in Nairobi in the short and medium term, reports the local press quoting Diane Karusisi, the director general of the institution on the move in the Kenyan capital.

« The Kenyan market is already very competitive. So we really want to meet the needs of our market (Rwanda) before thinking about venturing into new markets in the region, « she said. « We still have a lot of opportunities in our national market. It’s a market we know very well, « she added.

With a representative office operating since 2013 in Nairobi, the group preparing to enter the Nairobi Stock Exchange (NSE) via a capital increase operation subscribed at 108% is the largest commercial bank in Rwanda by its assets.


Please enter your comment!
Please enter your name here