KCB Group announces plan to Acquire DRC Lender Trust Merchant Bank

Posted by - August 30, 2022

KCB Group has signed an agreement to acquire 85% stake in the Democratic Republic of Congo (DRC)-based lender Trust Merchant Bank (TMB). The two lenders said in a joint statement that the transaction is expected to close by the end of the third quarter of 2022, subject to regulatory approvals. KCB Group also said it