Type Private Subsidiary Website Homepage | Industry Financial Services | |
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages | ||
Commercial Bank of Africa (Rwanda) (CBAR) is a proposed commercial bank in Rwanda.
Contents
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. 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.
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: