KCB Bank Rwanda Limited is a well-established financial institution in Rwanda, with a strong presence in the country's banking sector. The bank is a subsidiary of KCB Group, a leading African banking group.
KCB Bank Rwanda Limited offers a wide range of banking services to its customers, including personal and business banking services. The bank has a strong focus on customer service and aims to provide its customers with convenient and accessible banking solutions.
The bank's services include mobile banking, internet banking, and agency banking, making it easy for customers to manage their accounts and conduct financial transactions from anywhere. KCB Bank Rwanda Limited has a large network of branches and agents across Rwanda, ensuring that customers have access to banking services in many parts of the country.
Bank Overview
KCB Bank Rwanda Limited is a subsidiary of the Kenya-based KCB Group, one of the largest financial institutions in East Africa.
Headquartered in Kigali, Rwanda, the bank offers a range of financial services to individuals, businesses, and organizations.
KCB Bank Rwanda Limited has a strong presence in the country, with a network of branches and ATMs across major towns and cities.
Swift Code Explained:
A Swift code is required to send an international money transfer over SWIFT (international wire transfer).
You can use the first 8 symbols of the Swift code without the branch code for a SWIFT funds transfer. However, it's a good idea to double-check with the bank.
Most banks rely on their own or centralized reference data for Swift payments, so you can send payments to KCB BANK RWANDA LTD without specifying correspondent banks.
Correspondent Banks
KCB BANK RWANDA LTD has a list of correspondent banks for each currency, which is contained in the Standard Settlement Instructions (SSI).
The SSI provides a comprehensive list of correspondent banks, making it easier for customers to conduct international transactions.
Correspondent banks play a crucial role in facilitating international transactions by providing a local presence in foreign markets.
For KCB BANK RWANDA LTD, correspondent banks are essential for handling cross-border transactions efficiently.
Industry and Operations
KCB Bank Rwanda Ltd is a subsidiary of KCB Bank Group, East Africa's largest commercial bank by asset base. The bank has a rich history, starting in Mombasa in 1896.
KCB Bank Group has a significant presence in the region, with a total of 258 branches across six countries. This includes 198 branches in Kenya, 20 in South Sudan, 11 in Tanzania, 14 in Uganda, 12 in Rwanda, and 3 in Burundi.
The bank operates a network of 12 branches, 2 cash centers, and 28 ATMs in Rwanda, making its services easily accessible to the public.
Functionality
KCB Bank Rwanda Ltd is a subsidiary of KCB Bank Group, East Africa's largest commercial bank by asset base.
The bank operates a network of 12 branches, 2 cash centers, and 28 ATMs, providing convenient access to its services.
KCB Bank Rwanda has over 300 KCB Iwacu agents, spreading its network across the country to cater to a wider customer base.
The bank's extensive network allows it to offer a range of products and services to its customers.
KCB Bank Group is represented in six countries with a total number of branches at 258.
Company Size
Kcb bank rwanda ltd has 201 - 500 employees, making it a notable player in the industry.
In terms of company size, Kcb bank rwanda ltd falls within a medium-sized category.
This size allows the bank to offer a range of services, from personal banking to corporate banking.
The bank's 201 - 500 employee count also suggests a well-structured organization with clear lines of communication.
Its medium size enables Kcb bank rwanda ltd to maintain a strong presence in the Rwandan market.
Kcb bank rwanda ltd's employee count is a good indicator of its operational capacity.
What Is Industry?
Industry is a broad term that encompasses various sectors of the economy. Kcb bank rwanda ltd operates in the Banking industry.
A company's industry can greatly impact its operations, products, and services. Banking, for instance, involves providing financial services to customers.
Understanding a company's industry can help you grasp its overall business model. Kcb bank rwanda ltd's industry is focused on financial transactions and services.
The industry a company operates in can also influence its revenue streams. In the case of Kcb bank rwanda ltd, its revenue likely comes from fees, interest, and other banking-related income.
Knowing a company's industry can be useful for investors, customers, and even employees. It provides valuable context for making informed decisions and understanding the company's position in the market.
Other Swift Codes
You can use the first 8 symbols of the SWIFT code for a funds transfer, but it's always a good idea to double-check with the bank, KCB BANK RWANDA LTD.
Most of the time, banks rely on their own or centralized reference data, so you can send SWIFT payments without specifying correspondent banks.
If you want to manually choose a correspondent bank, you can order information about KCBLRWRW correspondent banks or request it from the customer service of KCB BANK RWANDA LTD.
Financial institutions may have several different SWIFT codes that differ by just a few letters or numbers, so it's essential to double-check with the recipient before sending money.
Financial Performance
KCB Bank Rwanda Limited has consistently delivered strong financial performance, with a net profit of RWF 16.4 billion in 2020.
The bank's assets grew by 12.4% to RWF 1.2 trillion, driven by an increase in customer deposits.
KCB Bank Rwanda Limited has a strong capital base, with a capital adequacy ratio of 17.2% in 2020.
The bank's return on equity (ROE) was 18.5% in 2020, indicating a strong ability to generate profits from shareholders' equity.
KCB Bank Rwanda Limited has a solid liquidity position, with a liquidity ratio of 44.5% in 2020.
The bank's non-performing loans (NPLs) ratio was 4.5% in 2020, indicating a low level of bad debts.
Branch Network
KCB Bank Rwanda Limited has a significant presence in the country with a network of fourteen branches across the country.
As of November 2015, the bank's branches are strategically located in various parts of the country, making it easily accessible to customers.
The main branch is located on Avenue de la Paix in Kigali, making it a central hub for banking services.
In addition to the main branch, the bank has several other branches in Kigali, including Kimironko, Nyabugogo, Remera, Gisozi, and Tropical Plaza.
Outside of Kigali, the bank has branches in Musanze, Rubavu, Muhanga, Huye, Rusizi, Kayonza, and Nyarutarama.
Here is a list of some of the bank's branches:
- Main Branch - Avenue de la Paix, Kigali
- Kimironko Branch — Kimironko, Kigali
- Nyabugogo Branch — Nyabugogo, Kigali
- Remera Branch — Remera, Kigali
- Gisozi Branch — Gisozi, Kigali
- Tropical Plaza Branch — City Centre, Kigali
- Musanze Branch - Musanze
- Rubavu Branch - Rubavu
- Muhanga Branch - Muhanga
- Huye Branch - Huye
- Rusizi Branch - Rusizi
- Kayonza Branch- Kayonza
- Nyarutarama Branch - MTN Centre, Nyarutarama, Kigali
Frequently Asked Questions
Which countries have KCB banks?
KCB banks operate in Kenya and have subsidiaries in Burundi, Rwanda, South Sudan, Tanzania, the Democratic Republic of Congo, and Uganda. Explore our global presence to learn more about our banking services in these countries.
Is KCB shutting 31 Rwanda branches as it shifts to agency banking?
KCB Group closed 31 Rwanda branches in 6 months to focus on agency banking. This move follows the acquisition and merger of Banque Populaire du Rwanda.
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