Banque Populaire du Rwanda SA

Banque Populaire du Rwanda SA
Type Private
Industry Financial Services
Founded 1975
Headquarters Kigali, Rwanda
Key people Afrique Ramba
Chairman
Herman Klaassen
Chief Executive Officer
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Aftertax US$2+ million (RWF:1.2 billion) (2010)
Total assets US$185+ million (RWF:109.2 billion) (2010)
Employees 1,460 (2010)
Website Homepage

Banque Populaire du Rwanda SA (BPR), is a commercial bank in Rwanda. The bank is one of the licensed commercial banks in the Republic of Rwanda.

Contents

Overview

As of December 2010, BPR was a medium-sized financial services provider in Rwanda. Its total asset valuation was in excess of US$185 million (RWF:109.2 billion). The bank maintains eighteen (18) branches and is focused in lending to businesses in the agricultural sector. Its loan book in December 2010 totalled over US$132 million (RWF:78.1 billion).[1] Shareholders' equity in the bank is estimated at US$10 million (RWF:5.8 billion).[2]

History

The origins of the bank can be traced back to 1975, when the first Banque Populaire was formed in the settlement of Nkamba, in the city of Kibungo, Eastern Province. Over the next ten (10) years many other similar banks were founded around the country. In 1986, the various autonomous Banques Populaires formed an umbrella called Union des Banques Populaires du Rwanda (UBPR). UBPR was operated as a Cooperative Bank. In January 2008, following thirty three (33) years of experience in the Rwandan financial sector, UBPR was transformed from a cooperative bank into a commercial bank: “Banque Populaire du Rwanda S.A”.[3] In June 2008, Rabobank, the Dutch cooperative banking conglomerate, acquired 35% shareholding in BPR.[4]

Ownership

The bank's stock is owned by the following corporate entities: [5]

Banque Populaire du Rwanda Stock Ownership
Rank Name of Owner Percentage Ownership
1 Rabobank 35.0
2 Rwanda Savings Cooperatives 65.0
Total 100.00

Branch Network

As of April 2010, Bank Populaire du Rwanda maintains a network of over 150 branches and outlets in all provinces of the country.[6] The eighteen (18) main branches of the bank are at the following locations:[7]

  1. Main Branch - Kigali
  2. BPF Branch - Kigali
  3. Kimironko Branch - Kimironko, Kigali
  4. Muhima Branch - Muhima, Kigali
  5. Rwezamenyo Branch – Rwezamenyo, Kigali
  6. Muhanga Branch - Muhanga, Southern Province
  7. Musanze Branch - Musanze, Northern Province
  8. Rusizi Branch - Rusizi, Western Province
  9. Gicumbi Branch - Gicumbi, Northern Province
  10. Rubavu Branch - Rubavu, Northern Province
  11. Ngoma Branch - Ngoma, Eastern Province
  12. Huye Branch - Huye, Southern Province
  13. Rwamagana Branch - Rwamagana, Eastern Province
  14. Karongi Branch - Karongi, Western Province
  15. Nyamagabe Branch - Nyamagabe, Southern Province
  16. Nyagatare Branch - Nyagatare, Eastern Province
  17. Bugesera Branch - Bugesera, Eastern Province
  18. Nyanza Branch - Nyanza, Southern Province

Directors

The activities of Bank of Kigali are supervised by an eight-member Board of Directors. The current Chairman of the Board is Afrique Ramba.[8]

Management Board

The day to day affairs of the bank are managed by a four-member Executive Management Team, led by Herman Klaassen, the Chief Executive Officer.[9]

External links

See also

References

  1. ^ BPR Recovers After Gloomy 2009
  2. ^ BPR Facts And Figures 2010
  3. ^ History of Banque Populaire du Rwanda
  4. ^ Rabobank Acquired 35% Shareholding in BPR in 2008
  5. ^ Shareholders of Banque Populaire du Rwanda
  6. ^ BPR Maintains 150+ Branches and Outlets in Rwanda
  7. ^ The Main Branch Network of Banque Populaire du Rwanda
  8. ^ The Board of Directors of BPR
  9. ^ The Senior Management Team of BPR
Currency: Rwandan franc
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