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Access Bank Rwanda

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Access Bank Rwanda
Company typePrivate
IndustryFinancial Services
Founded1995
HeadquartersKigali, Rwanda
Key people
Jean Claude Karayenzi
Managing Director[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncreaseAftertax:US$1,064,300 (RWF:711,800,000) (2013)[2]
Total assetsUS$83.4 million (RWF:55.8 billion) (2011)
Number of employees
150 (2011)
WebsiteHomepage

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 as 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:[13]

Access Bank Rwanda Stock Ownership
Rank Name of Owner Percentage Ownership
1 Access Bank Group 75.0
2 Rwandan & South African Investors 25.0
Total 100.00

Branch Network

As of April 2010, the bank maintains branches in the following locations: [14]

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 Licensed Commercial Banks In Rwanda". Bnr.rw. Archived from the original on 2012-05-12. Retrieved 2012-04-30.
  4. ^ "Access Bank Rwanda Is 4th Largest Bank By Assets". Accessbankplc.com. Archived from the original on 2012-05-27. Retrieved 2012-04-30.
  5. ^ Mukaaya, Eddie (2009-01-22). "Rwanda: Bancor Bank Rebrands Now Access Bank Rwanda". The New Times (Kigali). Retrieved 2017-08-30.
  6. ^ Access Bank plc is Nigeria's 6th Largest Bank [dead link]
  7. ^ Bienvenue à Omnifinance (in French)
  8. ^ Banque Privee Du Congo Archived July 25, 2009, at the Wayback Machine
  9. ^ "Access Bank (Rwanda) Limited". Accessbankplc.com. Archived from the original on 2010-07-25. Retrieved 2012-04-30.
  10. ^ "Access Bank (Gambia) Limited". Accessbankgambia.com. Archived from the original on 2011-08-11. Retrieved 2012-04-30.
  11. ^ Isenged, Walter (2009-05-19). "Burundi: Finbank to Be Named Acess Bank". East African Business Week (Kampala). Retrieved 2017-08-30.
  12. ^ James Anyanzwa (1 June 2020). "Nigeria's Access Bank injects $9m into Rwandan subsidiary". The EastAfrican. Nairobi. Retrieved 1 June 2020.
  13. ^ Stock Ownership of Access Bank Rwanda [dead link]
  14. ^ Branch Network of Access Bank Rwanda [dead link]
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