| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1999 |
| Headquarters | Kigali, Rwanda |
| Key people | Jean Marie Karekezi, Chairman of the Board |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue | Aftertax: US$1.3 million (2007)[1] |
| Employees | 200+ |
Compagnie Générale de Banque (Cogebanque), sometimes referred to as Cogebank, is a commercial bank in Rwanda. The bank is one of the eleven (11) licensed commercial banks in the Republic of Rwanda.
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Cogebanque was established in July 1999 by forty-two (42) private Rwandan investors. At that time, the insurance company Compagnie Générale d'Assurance et de Reassurance (COGEAR), was the largest shareholder, with 34% ownership. In the beginning, the bank's emphasis was Small and Medium Enterprises (SMEs), agriculture and the service industries.[2] In 2008, three new international investors paid US$6million for a 40% ownership in the bank. The new investors included:(a) ShoreCap International (SCI) of Chicago, Illinois, USA; (b) the Belgian Investment Company for Developing Countries (BIO) and (c) AfricaInvest, an investment company based in Tunisia. These transactions, initiated in 2008, were concluded in early 2010. The original Rwandan investors maintain a 60% shareholding in the restructured bank.[3]
The bank's stock is owned by the following corporate entities and individual investors: [4]
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Branch NetworkAs of May 2008, Cogebanque had fourteen (14) branches, with seven (7) of them in the city of Kigali, and the other seven in the provinces.[5] DirectorsThe Chairman of the Cogebanque's Board of Directors is Jean Marie Karekezi. Management BoardThe Managing Director of the bank is Bonaventure Niyibizi.[6] External linksSee alsoReferences
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