Access Bank Rwanda

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
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[edit]

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[edit]

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[edit]

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[edit]

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

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[edit]

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

See also[edit]

References[edit]

  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. Retrieved 2012-04-30. 
  10. ^ "Access Bank (Gambia) Limited". Accessbankgambia.com. 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. ^ Stock Ownership of Access Bank Rwanda[dead link]
  13. ^ Branch Network of Access Bank Rwanda[dead link]

External links[edit]