Maurice Toroitich Bounces Again Following Appointment As NCBA Bank Rwanda MD – KT PRESS

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He isn’t any stranger to Rwanda’s banking sector, with14 years of expertise serving on the helm of a number of the main banks within the nation, and now Maurice Toroitich has returned to the banking fold after a two yr hiatus, following his appointment as NCBA Bank Rwanda Managing Director.

The financial institution introduced the appointment on  Monday, in a transfer which it mentioned underscores its ambition to deepen its foothold in Rwanda’s monetary sector, tapping into Toroitich’s huge information and understanding of the Rwandan market, to scale its presence.

The appointment brings to the helm a veteran of the banking business, whose management spans practically three many years of transformative banking and management in East Africa.

Toroitich is acknowledged for his pioneering work because the founding CEO of KCB Bank Rwanda, the place he was instrumental in shaping the financial institution’s market presence and operational basis. His tenure as Managing Director of BPR Bank Rwanda additional cemented his fame, having efficiently overseen its evolution into one of many nation’s main monetary establishments. He has additionally beforehand served as Chair of the Rwanda Bankers Association.

In April 2022, Toroitich’s mandate at BPR Bank Rwanda got here to an finish, handing over helms to Patience Mutesi, returning to his homeland to work as a banking guide, government coach and mentor, by his organisation MT Leadership Journeys EA Ltd, till his newest appointment.

“Toroitich’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,” Dr. Benjamin Rugangazi, Chairman of NCBA Bank Rwanda’s Board of Directors, mentioned.

His experience as a Certified Public Accountant and Associate of the Chartered Institute of Bankers is complemented by his educational credentials, placing him among the many crème de la crème of the banking sector in East Africa.

Toroitich (2nd proper) poses for a photograph with NCBA Bank Rwanda board members.

He holds an MBA from Strathmore University and a Bachelor of Commerce from the University of Nairobi. As a licensed Executive Coach, Toroitich is keen about empowering groups and fostering a tradition of excellence.

Observers say his management is rooted in transformative methods and a dedication to sturdy governance, which NCBA Bank Rwanda will faucet into, in its mission to drive monetary inclusion and innovation in Rwanda and the area.

Following his appointment, Toroitich mentioned he’s trying to construct on the work of his predecessors to drive the imaginative and prescient of the financial institution which first opened its doorways in Rwanda in May 2017.

“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.”

In an announcement, NCBA Bank mentioned it eyes redefining its position out there, fostering resilience and innovation in an more and more aggressive monetary panorama, with the appointment of Toroitich, who understands Rwanda’s banking panorama.

NCBA Bank Rwanda is a subsidiary of NCBA Group, a full-service banking group offering a broad vary of monetary services and products to company, institutional, SME, and shopper banking prospects. NCBA Group operates a community of 115 branches in 5 nations, together with Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast.

Serving over 60 million prospects, it’s the largest banking group in Africa by buyer numbers. NCBA Bank Rwanda is at the moment current in Kigali with 4 branches in addition to branches in Musanze, Nyagatare, and Kayonza districts. The financial institution is anticipated to open new branches in Rubavu and Rusizi districts quickly.

Through the partnership with MTN Mobile Money Rwanda Ltd on “MoKash,” a cellular financial savings and mortgage product, the financial institution has attracted over 4.7 million prospects and disbursed over 13 million loans value Rwf 386 billion. MoKash, a mobile-based mortgage providers, is subscribed to by greater than 2 million ladies and a couple of.5 million youth.