George Odhiambo has been appointed as the managing director of the National Bank of Kenya (NBK).
The position was previously held in an acting capacity by Peter Kioko-the finance and strategy director, since June 2022.
George Odhiambo, an experienced banker, has been the MD of BPR Bank Rwanda PLC since its establishment last year through the merger of KCB Bank Rwanda PLC and Banque Populaire du Rwanda. Before that, he was the MD of KCB Bank Rwanda and started working as the Head of Business Analytics in 2009. He has held multiple leadership positions in both domestic and international banks.
The board takes this opportunity to welcome and congratulate George Odhiambo on his appointment We believe he has what it takes to drive the future success and growth of the bank.
NBK chairman James Bagaka
George Odhiambo holds an MSc in Pure Mathematics and a BSc in Mathematical Statistics from the University of Nairobi. In addition, he has obtained leadership certifications such as a Practitioner Diploma in Executive Coaching and a Postgraduate Diploma in Corporate Governance from the Academy of Executive Coaching, UK and the Centre for Corporate Governance and KCA University, respectively. Among other roles, he is a member of the Comesa Business Council Advisory Board and chairs the Banking Sub-Sector Committee.
KCB Group CEO Paul Russo praised George’s contribution to the growth and strengthening of Rwanda’s business, highlighting his extensive management experience that will be of great value to the NBK leadership in implementing the business strategy of innovation and growth.
Meanwhile, NBK recorded a profit after tax of KES 886 million in the third quarter of 2022, down from KES 1.17 billion in the same period the previous year. However, the net interest income increased by 14 per cent from the previous year to KES 6.9 billion.
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