Access Bank Rwanda

Access Bank Rwanda
Private
Industry Financial Services
Founded 1995
Headquarters Kigali, Rwanda
Key people
 Jean Claude Karayenzi
Managing Director[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$1,064,300 (RWF:711,800,000) (2013)[2]
Total assets US$83.4 million (RWF:55.8 billion) (2011)
Number of employees
 150 (2011)
Website Homepage

Access Bank Rwanda, is a commercial bank in Rwanda. It is one of the commercial banks licensed by the National Bank of Rwanda, the national banking regulator.[3]

Overview

The bank is a medium-sized financial institution in Rwanda. According to its web site, it is the fourth largest commercial bank in the country, based on assets.[4] As of December 2011, the bank's total assets were US$83.4 million (RWF:55.8 billion, with shareholders equity of about US$9.72 million (RWF:6.65 billion).

History

The bank was first established in Rwanda in 1995, as Bancor SA, by a Ugandan investor. In 2000, after fourteen years of continuous successful banking operations, it was sold to Tribert Rujugiro, a Rwandese entrepreneur. In 2001, the bank was restructured and other investors of South African nationality were brought on board as part-owners. In August 2008, Access Bank Group, the Nigerian financial services provider took a 75% ownership in Bancor SA. In January 2009, the bank re-branded to Access Bank Rwanda.[5]

Access Bank Group

Access Bank Rwanda is a member of the Access Bank Group, the sixth largest financial services provider in Nigeria, based on assets.[6] Other member companies of the group include:

Ownership

The bank's stock is owned by the following corporate entities and private individuals:[12]

Access Bank Rwanda Stock Ownership
Rank Name of OwnerPercentage Ownership
1Access Bank Group75.0
2Rwandan & South African Investors25.0
Total100.00

Branch Network

As of April 2010, the bank maintains branches in the following locations: [13]

See also

References

  1. ↑ Jean Claude Karayenzi is Managing Director
  2. ↑ Gasore, Ben (10 April 2014). "Rwanda: Access Bank Makes RWF 711 Million Profit". The Ne Times via AllAfrica.com. Retrieved 11 April 2014.
  3. ↑ "List of Licenced Commercial Banks In Rwanda". Bnr.rw. Retrieved 2012-04-30.
  4. ↑ "Access Bank Rwanda Is 4th Largest Bank By Assets". Accessbankplc.com. Retrieved 2012-04-30.
  5. ↑ History of Access Bank Rwanda
  6. ↑ Access Bank Plc. is Nigeria's 6th Largest Bank
  7. ↑ Bienvenue à Omnifinance (French)
  8. ↑ Banque Privee Du Congo
  9. ↑ "Access Bank (Rwanda) Limited". Accessbankplc.com. Retrieved 2012-04-30.
  10. ↑ "Access Bank (Gambia) Limited". Accessbankgambia.com. Retrieved 2012-04-30.
  11. ↑ Finbank becomes part of Access Bank
  12. ↑ Stock Ownership of Access Bank Rwanda
  13. ↑ Branch Network of Access Bank Rwanda

External links