Commercial Bank of Africa officially launches Rwanda operations

Commercial Bank of Africa (CBA) yesterday officially unveiled its operations in Rwanda. Desterio Oyatsi, the CBA Group chairman, said the bank would work to increase access to financial services especially among the unbanked segments of the population.

Commercial Bank of Africa (CBA) yesterday officially unveiled its operations in Rwanda.

Desterio Oyatsi, the CBA Group chairman, said the bank would work to increase access to financial services especially among the unbanked segments of the population.

The Bank officials pledged also committed to offering customers innovative and diversified services.

The Kenya-based lender first entered the Rwandan market in January last year as a micro-finance institution, but it recently grew in stature after acquiring 100 percent stake of Crane Bank Rwanda.

Its entry brings the number of commercial banks in Rwanda to 16.

CBA Group boasts of over 33 million customers in five countries – Rwanda, Tanzania, Uganda, Kenya and Ivory Coast.

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Gatete speaks at the bank’s launch dinner on Monday.  / All photos by Timothy Kisambira.
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