The National Bank of Kenya (NBK) has announced the appointment of George Odhiambo as the Managing Director. This appointment comes after the position was held in an acting capacity by Peter Kioko, the Finance and Strategy Director since June 2022. George Odhiambo is a seasoned banker and the outgoing MD of BPR Bank Rwanda Plc since its inception last year, following the merger between KCB Bank Rwanda Plc and Banque Populaire du Rwanda. He has previously held various leadership roles in banks both locally and internationally.
George Odhiambo holds an MSc in Pure Mathematics and BSc in Mathematical Statistics from the University of Nairobi, and he has several leadership certifications such as Practitioner Diploma in Executive Coaching and Postgraduate Diploma in Corporate Governance from the Academy of Executive Coaching, UK and the Centre for Corporate Governance & KCA University respectively. He is a member of the COMESA Business Council Advisory Board and Chairs the Banking Sub-Sector Committee, among other roles. With his experience and expertise, he is well equipped to drive the future success and growth of NBK.
NBK Board Director Dr. James Bagaka expressed confidence in George’s ability to lead NBK, saying, “The Board takes this opportunity to welcome and congratulate George on his appointment. We believe he has what it takes to drive the future success and growth of NBK.” KCB Group CEO Paul Russo commended George’s contribution to the growth of the Rwanda business and believes his broad management experience will be invaluable to NBK’s leadership in executing the business strategy of innovation and growth.
NBK’s Q3 2022 results ending September 30, 2022, showed a profit after tax of KShs. 886 million, compared with KShs. 1,172 million in a similar period in 2021. Net interest income grew by 14% from the previous year to KShs. 6.9 billion. With George Odhiambo’s leadership, NBK will be well-positioned to build on this growth and continue to drive its success.