George Odhiambo is the new Managing Director of the National Bank of Kenya (NBK) following his appointment by the Board of Directors.
He now replaces Finance and Strategy Director Peter Kioko, who has been holding the position in acting capacity since June 2022.
Odhiambo is an experienced banker and was the BPR Bank Rwanda MD since its launch last year after a merger between KCB Bank Rwanda and Banque Populaire du Rwanda.
Before that he was the KCB Rwanda MD after joining KCB Bank Kenya in 2009 as the Head of Business Analytics.
Previously, Odhiambo served in various leadership positions in banks in Kenya and abroad.
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“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,” said NBK Board Director Dr James Bagaka.
The new NBK MD holds an MSc in Pure Mathematics and BSc in Mathematical Statistics from the University of Nairobi.
He has also attained numerous 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.
Odhiambo is also a member of the COMESA Business Council Advisory Board and Chairs the Banking Sub-Sector Committee, among other senior positions.
“George has been instrumental in strengthening and growing the Rwanda business. His broad management experience will be invaluable to the NBK leadership to execute the business strategy of innovation and growth,” said KCB Group CEO Paul Russo.
NBK posted a profit after tax of Sh886 million in results for its third quarter ending September 30, 2022, compared to Sh1.2 billion for a similar period in 2021.
The bank’s net interest income grew by 14 per cent from the previous year to Sh6.9 billion.
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