KCB Group has completed its acquisition of Trust Merchant Bank in the Democratic Republic of Congo (DRC), taking an 85% stake in the lender. The Kenyan firm said the deal will boost its income diversification, establish its presence in new markets and enable it to accelerate its market presence in the DRC. The acquisition also includes Afrissur SA, an insurance subsidiary, which KCB said will provide an opportunity to diversify its offerings in the DRC’s insurance sector. KCB CEO Paul Russo said the deal would provide “enhanced banking products” to TMB’s existing customers.