TOP STORY: KCB to venture into mortgage financing in Rwanda

Rwanda’s mortgage industry is not fully exploited with only two banks, Commercial Bank of Rwanda (BCR) and the Rwanda Housing bank as the main players New entrant into Rwanda’s banking industry, KCB is set to include mortgage financing on its investment portfolios this year, the bank’s top executive has said. This follows the announcement by the parent company in Kenya that its Kenyan based lending mortgage arm, S&L has increased its lending limit from KShs100 million (Rwf714.2 million) to Kshs250 million (Rwf1.786 billion).
KCB branch in Kigali City. (File photo).
KCB branch in Kigali City. (File photo).
Times Reporter