Unguka Bank
| Type | Private |
|---|---|
| Industry | Banking |
| Founded | 2005 |
| Headquarters | Kigali, Rwanda |
| Key people |
Faustin Byakunda Managing Director |
| Products | Loans, credit cards, savings, investments, mortgages |
| Revenue |
 Aftertax: US$387,000+ (RWF:230 million) (2010)[1] |
| Employees | 348 |
Unguka Bank Limited (UBL), commonly known as Unguka Bank, is a microfinance bank in Rwanda. It is one of the banks licensed by the National Bank of Rwanda, the country's banking regulator.[2]
Overview
As of June 2012, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.[3]
History
The institution was founded in 2005, as Unguka Microfinance Limited,[4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.[5]
Ownership
The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not widely publicly known. 35% shareholding is owned by Rural Impulse Fund (RIF) II.[6]
Branch network
As of June 2012, UBL maintains a network of 12 branches, including in the following locations:
- Nyarugenge Branch - Kigali
- Nyabugogo Branch - Kigali
- Remera Branch - Kigali
- Musanze Branch - Musanze
- Rubavu Branch - Rubavu
- Mukamira Branch - Nyabihu
- Ngororero Branch - Ngororero
- Gakenke Branch - Gakenke
- Kora Branch - Nyabihu
- Mahoko Branch - Rubavu
- Kabaya Branch - Nyabihu
- Muhanga Branch - Muhanga
See also
External links
References
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