Commercial Bank of Rwanda

Commercial Bank of Rwanda
Type	Private
Industry	Financial Services
Founded	1963
Headquarters	Kigali, Rwanda
Key people	Sanjeev Anand, Managing Director^[1]
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	Pretax US$3.09 million (2008)
Total assets	US$180 million (2008)^[2]
Website	Homepage

Banque Commerciale du Rwanda (BCR) or Commercial Bank of Rwanda, is a commercial bank in Rwanda. The bank is one of the ten (10) licensed commercial banks in the Republic of Rwanda.

1 History
2 Ownership
3 Branch Network
4 External links
5 See also
6 References

History

The bank was opened in 1963. In the beginning the bank was wholly owned by the Government of Rwanda. In 2004, the bank was privatized. As of April 2010, Actis Capital owns 80% and the Rwanda Government owns the remaining 20% of the financial institution.^[3] Actis Capital is a private equity investment firm, headquartered in London, United Kingdom, specializing in investments in developing countries, whose investment portifolio is almost US$5 billion, as of April 2010.

Ownership

The bank's stock is owned by the following corporate entities: ^[4]

Rank	Name of Owner	Percentage Ownership
1	Government of Rwanda	20.0
2	Actis Capital	80.0
	Total	100.00

Branch Network

Commercial Bank of Rwanda maintains the following branches, as of April 2010.^[5]

Cyangugu Branch - Cyangugu
Butare Branch - Butare
Main Branch - Kigali
Remera Branch - Remera, Kigali
Nyabugogo Branch - Nyabugogo, Kigali
Kacyiru Branch - Kacyiru Novotel, Kigali
Kigali Airport Branch - Kigali International Airport
Nyamirambo Branch - Nyamirambo, Kigali
Magerwa Branch - Magerwa, Kigali
Gisenyi Branch - Gisenyi
Ruhengeri Branch - Ruhengeri
Byumba Branch - Byumba
Rwamagana Branch - Rwamagana

External links

References

Economy of Rwanda

Currency: Rwandan franc

Communications	Banking · Communications · History of Trade · Transportation

Industries:	Agriculture · Tourism