By BERNA NAMATA
KCB Group has announced senior management changes, including the promotion of its current head of Rwanda branch – BPR Rwanda Plc – to head the National Bank of Kenya, almost 10 months after he became head of the merger with Banque Populaire du Rwanda (BPR) was appointed.
BPR Rwanda Plc is currently the second largest lender in Rwanda, after the local bank – Bank of Kigali Plc Ltd.
Mr George Odhiambo, the current Managing Director of BPR Bank Plc Rwanda, is now taking over the management of the National Bank of Kenya.
Mr. Odhiambo joined KCB Group in Rwanda in 2009 as Head of Business Analytics and Transformation Project before becoming Head of Retail Banking in 2013. He was later promoted to Managing Director in 2017 and is credited with transforming the bank’s operations.
Mr. Odhiambo was appointed Managing Director of BPR Rwanda in April 2022 and oversees merger operations.
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He will be replaced by Ms. Patience Mutesi, who until last week was Country Director of TradeMark East Africa, a role she has held since July 2016. Ms. Mutesi will take over the management with effect from February 1, 2023.
Previously, Ms. Mutesi was Head of Corporate Banking at Ecobank Rwanda and was a non-executive member of BPR Bank Rwanda PLC, MTN Rwandacell PLC and Rwanda Cooperation.
Ms. Mutesi holds an MBA in Finance from the Maastricht School of Management in the Netherlands and a BSc Honors in Quantitative Economics from Makerere University in Uganda. She is an Eisenhower Fellow and a graduate of the Swedish Institute Management Programme.
Last week, the bank began the final mile of the merge as it upgraded its core banking system.
KCB Group’s net income increased 21.4 percent to KShs 30.6 billion (US$246 million) in the first nine months of 2022 on continued growth in both net interest and unfunded income lines. This was a jump from 25.2 billion KShs ($202.6 million) reported for the same period last year.
The contribution from group companies excluding KCB Bank Kenya was 16.3 percent, according to the bank’s official figures, versus 15.2 percent driven by new business and the influence of BPR Bank.
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