anda ▁had ▁been ▁received ▁from ▁the ▁Bank ▁of ▁U g anda , ▁the ▁Central ▁Bank ▁of ▁Ken ya ▁and ▁the ▁National ▁Bank ▁of ▁R w anda . ▁The ▁acquired ▁assets ▁and ▁li abilities , ▁including ▁two ▁oper ational ▁branches ▁in ▁K ig ali , ▁are ▁expected ▁to ▁be ▁merged ▁with ▁the ▁existing ▁micro - fin ance ▁operations ▁of ▁C BA ▁R w anda . ▁On ▁ 1 9 ▁March ▁ 2 0 1 8 , ▁the ▁ref urb ished ▁branches ▁of ▁C rane ▁Bank ▁R w anda , ▁opened ▁as ▁C BA ▁Bank ▁R w anda , ▁a ▁commercial ▁bank . ▁ ▁Group ▁mer ger ▁In ▁September ▁ 2 0 1 9 , ▁Com mer cial ▁Bank ▁of ▁Africa ▁Group , ▁the ▁parent ▁company ▁of ▁the ▁Com mer cial ▁Bank ▁of ▁Africa ▁( R w anda ), ▁received ▁regul atory ▁appro val ▁from ▁the ▁Central ▁Bank ▁of ▁Ken ya ▁and ▁from ▁the ▁Ken ya ▁Ministry ▁of ▁Fin ance , ▁to ▁merge ▁with ▁the ▁N IC ▁Bank ▁Group , ▁effective ▁ 1 ▁October ▁ 2 0 1 9 . ▁It ▁is ▁expected ▁that ▁this ▁bank ▁will ▁re - brand ▁to ▁NC BA ▁Bank ▁R w anda , ▁subject ▁to ▁the ▁appro val ▁of ▁the ▁National ▁Bank ▁of ▁R w anda . ▁On ▁ 1 3 ▁January ▁ 2 0 2 0 , ▁NC BA ▁Bank ▁R w anda ▁received ▁a ▁new ▁commercial ▁bank ing ▁lic ence ▁from ▁the ▁National ▁Bank ▁of ▁R w anda . ▁ ▁Branch es ▁ ▁N yar ugen ge ▁Branch