Maurice Toroitich appointed Managing Director of NCBA Bank Rwanda #rwanda #RwOT

Maurice is recognized for his pioneering work as the founding CEO of KCB Bank Rwanda, where he was instrumental in shaping the bank's market presence and operational foundation.

His tenure as Managing Director of BPR Bank Rwanda further cemented his reputation, having successfully overseen its evolution into one of the country's leading financial institutions. He has also previously served as Chair of the Rwanda Bankers Association.

Commenting on his appointment, Dr. Benjamin Rugangazi, Chairman of NCBA Bank Rwanda's Board of Directors, said: "Maurice's track record speaks volumes. He joins us at a time when we are deepening our efforts in corporate banking and expanding our retail footprint. With his leadership, we look forward to accelerating the bank's growth trajectory and delivering enhanced value to our customers and shareholders."

Maurice's expertise as a Certified Public Accountant and Associate of the Chartered Institute of Bankers is complemented by his academic credentials.

He holds an MBA from Strathmore University and a Bachelor of Commerce from the University of Nairobi. As a certified Executive Coach, Maurice is passionate about empowering teams and fostering a culture of excellence.

Maurice's leadership is rooted in transformative strategies and a commitment to robust governance, which resonate with NCBA Bank Rwanda's mission to drive financial inclusion and innovation.

In his first remarks as Managing Director, Maurice shared a forward-looking vision.

'I am excited to build on the great work my predecessors have done and on the bank's strong foundation as we steer NCBA Rwanda into the next phase of growth. I look forward to working closely with the team at NCBA and the wider financial sector in Rwanda to deliver sustainable value for all stakeholders and the country at large,' he noted.

The announcement signals a confident step forward for NCBA Bank Rwanda as it aims to redefine its role in the market, fostering resilience and innovation in an increasingly competitive financial landscape.

NCBA Bank Rwanda is a subsidiary of NCBA Group, a full-service banking group providing a broad range of financial products and services to corporate, institutional, SME, and consumer banking customers.

NCBA Group operates a network of 115 branches in five countries, including Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast. Serving over 60 million customers, it is the largest banking group in Africa by customer numbers.

NCBA Bank Rwanda is currently present in Kigali with four branches and in other districts of Musanze, Nyagatare, and Kayonza. The bank will soon be unveiling new branches in Rubavu and Rusizi.

Through the partnership with MTN Mobile Money Rwanda Ltd on "MoKash," a mobile savings and loan product, the bank has attracted over 4.7 million customers and disbursed over 13 million loans worth Frw386 billion.

MoKash continues to play a critical role in expanding financial inclusion in Rwanda by serving 2 million women and 2.5 million youth.