The cyclocondensation reaction of benzil‐bis(trimethylsilylimin) (3) and Cl2B–NiPr2 via silicon‐boron exchangeresults in the solvent‐dependent formation of the 1,3,2‐diazaborole 1a or the 1,3,6,8,2,7‐tetraazadiborecin 2a. Using the more rigid 9,10‐bis(trimethylsilylimino)phenanthrene instead of 3 only the five‐membered heterocycle 4,5‐biphenylene‐2‐diisopropylamino‐1,3,2‐diazaborole (1b) is formed. The cyclic ketiminoboranes are characterized by NMR and X‐ray diffraction data. The 1,3,2‐diazaborole ring is almost planar, while the conformation of the 1,3,6,8,2,7‐tetraazadiborecin has the shape of a figure‐eight loop.