| Type | Parastatal |
|---|---|
| Industry | Finance |
| Founded | 1967 |
| Headquarters | Kigali, Rwanda |
| Key people | Fabien Majoro Chairman Jack Nkusi Kayonga Chief Executive Officer |
| Products | Long Term Finance, Financial Advisory Services, Management Services, Export/Import Finance, Capacity Building, Deposit Taking, Trade Finance, Leasing Mortgage Finance |
| Total assets | US$122 million (RWF:72 billion) (2011) |
| Owner(s) | Government of Rwanda |
| Website | Homepage |
Rwanda Development Bank, commonly referred to by its French name Banque Rwandaise de Développement (BRD), is a government-owned development bank in Rwanda.
Contents |
The bank began its operations in 1967, as a long-term financial services provider, with the financing geared towards national development projects. As of April 2011[update], the total asset valuation of the bank was approximately US$122 million (RWF:72 billion), with shareholders equity of approximately US$42.3 million (RWF:25 billion) [1]
The Rwanda Development Bank, “BRD” a Public Company Limited by Shares, with a share capital of RWF 7,000,021,000, registered at the Officer of the Registrar General, whose company code n° 1000003547, its incorporation certificate issued on 7/7/2011 and a banking license n°003 issued by the National Bank of Rwanda on August 11, 2009. BRD was incorporated on August 5, 1967. History_of_BRD
The period between 1967 and 1987 saw the institution invest heavily in automotive (pick-up trucks) finance and the finance of grinding mills. Between 1988 and 1994, the bank expanded its services to to the provision of loans in agro-industries, particularly tea and manufacturing, artisans and micro-enterprises. Between 1995 and 2000, the bank underwent re-structuring, re-organization and re-capitalization, to repair the damage incurred during the 1994 Rwanda Genocide. Since 2001, the bank has increased its focus on financing projects geared towards rural development, since 90% of the Rwandan population is rural. A new subsidiary have been created:
Rwanda Development Bank Takes Full Control of Rwanda Housing Bank</ref>
Rwanda Development Bank operates in all sectors of productive investment that generate value addition with positive social, economic and environmental impact aligned both with national strategies and the Bank’s strategic priorities. The sectors include the following: [2]
The Rwanda Development Bank put great products in front of their customers. These Products are:
To bring services closer to the people, the bank maintains branches at the following locations: [3]
Vision:To be the Leader of productive investment and the most profitable Bank at the service of poverty reduction.
Mission:The Government of Rwanda’s investment arm that finances the nation’s development objectives with a focus on the priority sectors of the economy
Core Values
As of April 2011[update], the following constitute the Board of Directors of the bank:[4]
The following are members of the Senior Management Team at Development Bank of Rwanda, as of April 2011.
|
|||||||||||