Jump to content

Unguka Bank

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by FrescoBot (talk | contribs) at 08:18, 30 October 2020 (Bot: link syntax). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Unguka Bank
Company typePrivate
IndustryBanking
Founded2005
HeadquartersKigali, Rwanda
Key people
Justin KAGISHIRO
Managing Director
ProductsLoans, Electronic productss, savings, investments, mortgages, Remittances
RevenueIncrease Aftertax: US$387,000+ (RWF:230 million) (2010)[1]
Number of employees
170
Websitewww.ungukabank.com

Unguka Bank Plc (UB), 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 II (RIF).[3]

Branch network

As of May 2020, UB maintains a network of 15 branches, including in the following locations:

  1. Nyarugenge Branch - Kigali
  2. Nyabugogo Branch - Kigali
  3. Remera Branch - Kigali
  4. Musanze Branch - Musanze
  5. Rubavu Branch - Rubavu
  6. Kimironko Branch - Kigali
  7. Kinigi Branch - musanze
  8. Gakenke Branch - Gakenke
  9. Kora Branch - Nyabihu
  10. Mahoko Branch - Rubavu
  11. Rusizi Branch - Rusizi
  12. Muhanga Branch - Muhanga
  13. Rubavu PB Branch- Rubavu
  14. Kigali city market branch- Kigali
  15. Kabuga branch -kabuga

See also

References

  1. ^ "MICROCAPITAL BRIEF: Unguka Microfinance of Rwanda Reports 58% Profit Increase to $384k - MicroCapital". 24 March 2011.
  2. ^ "List of Licensed Commercial Banks In Rwanda". Archived from the original on 2012-05-12.
  3. ^ a b Rumanzi, Abraham (2012-06-20). "Rwanda: Unguka Licensed as a Bank, Plans Expansion". The Independent (Kampala). Retrieved 2017-08-30.
  4. ^ "UBL Founded In 2005".
  5. ^ "Rwanda: Unguka Bank Seeks Commercial Bank Status". Rwanda Express (Kigali). 2012-06-22. Retrieved 2017-08-30.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Unguka_Bank&oldid=986180186"