KCB Bank Rwanda has appointed George Odhiambo, the bank’s Head of Business Development and Client Services, as acting Managing Director effective August 1st 2017. This follows the departure of former Managing Director Maurice Toroitich.
Odhiambo joined KCB Bank Rwanda in September 2013 after serving as Head of Business Analytics & Transformation at KCB Bank Kenya. He has 18 years of experience in commercial banking.
“I am humbled to take on this responsibility during an exciting and transitional period for both KCB Bank Rwanda and the financial sector in general.” Odhiambo said. “I am particularly pleased to champion the bank’s ambition in facilitating major infrastructure and financial technology development in Rwanda. My aim is to keep this momentum going in both the immediate and long term.’’
The acting Managing Director also congratulated his predecessor, Maurice Toroitich, for the commendable service provided during his 9-year tenure.
“The staff, Management, Board and I would like to thank Maurice for the business foundation he built from inception and growth successes that the bank achieved during his leadership,” he said. “The bank is in a strong financial position and we will definitely look forward to seeing more progress in the coming years. We wish him all the best in his future endeavors.
According to a statement by the bank, the change at the top doesn’t affect its operations, as it note that KCB Bank Rwanda remains committed to deliver on digital payments and investments in Rwanda’s key economic sectors.
Earlier this year the bank launched Mvisa, and it is currently in the process of launching a new mobile credit service to its customers.
“Subsequently, the bank derives satisfaction in contributing to landscape changing developments like the construction of Bugesera International Airport, Kigali Heights, Ubumwe Grand Hotel and Park Inn Radisson Blu among others and believes that the best times in helping to shape Rwanda’s economic development are still ahead,” the statement reads.