Commercial Bank of Africa (Rwanda)

Commercial Bank of Africa (Rwanda)
Private Subsidiary
Industry Financial Services
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Website Homepage

Commercial Bank of Africa (Rwanda) (CBAR) is a proposed commercial bank in Rwanda.

Overview

Once Banque Nationale du Rwanda, the nation's banking regulator and central bank issues a commercial banking licence, the Commercial Bank of Africa (Rwanda) will be the fifth Kenyan owned bank subsidiary to launch its operations in Rwanda.[1] The bank will be a member of the Commercial Bank of Africa Group, a financial services group with its headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania and Uganda.

History

On November 23, 2015 the CBA Group announced it was seeking a licence to start operating in Rwanda 2016. As of 24 November 2015, the group was yet to give further information on bank's set up.[1]

Ownership

Commercial Bank of Africa (Rwanda) is a wholly owned subsidiary of Commercial Bank of Africa, a large, privately owned commercial bank based in Nairobi, Kenya.

Commercial Bank of Africa Group

Upon registration and licensing, Commercial Bank of Africa (Rwanda) will be a member of the CBA Group of companies. Companies that compose the CBA Group include but are not limited to the following:[2]

See also

References


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