Bank of Kigali
|Traded as||RSE: BOK|
(Chief Executive Officer)
|Products||Loans, Checking, Savings, Investments, Debit Cards|
|Revenue||Aftertax: US$28.2 million (RWF:20.71 billion) (2015)|
|Total assets||US$774.1 million (RWF:568.4 billion) (2015)|
Number of employees
The Bank of Kigali was started in 1966 to provide commercial banking services to individuals, small businesses, and large corporations.
The bank was 50 percent owned by Banque Belgolaise before the Government of Rwanda purchased that shareholding in 2007. Subsequently, the government sold minority shareholding to other corporate entities, including the Social Security Fund of Rwanda and the National Post Office of Rwanda.
In 2011, there were plans for the government to divest more of its ownership in the bank by floating 25 percent shareholding on the Rwanda Stock Exchange (RSE). On 21 June 2011, the Rwandan Capital Market Advisory Council approved plans for the bank to float 45 percent of its shares on the RSE and list its shares on the RSE. Trading in the shares of the bank started on 30 June 2011.
In December 2012, regional media reports indicated that the bank was in the middle of an expansion into neighboring Uganda. In February 2013, the bank received regulatory approval to open an office in Kenya.
As of July 2015[update], the bank maintained 47 networked branches in all provinces of the country, making it the largest bank in Rwanda by size of branch network. The locations of those branches included: By December 2015, the bank's branch network had expanded to 75, with over 1,070 agency branches, 84 ATMs and nearly 280,000 mobile banking accounts.
- Main Branch - 6112 Avenue de la Paix, Kigali
- Kacyiru Branch - Kacyiru, Kigali
- Downtown Branch - Downtown Kigali
- Western Union Branch - Kigali
- Kicukiro Branch - Kicukiro, Kigali
- Remera Branch - Remera, Kigali
- Kimironko Branch - Kimironko, Kigali
- Nyamirambo Branch - Nyamirambo, Kigali
- Nyabugogo Branch - Nyabugogo, Kigali
- Kabuga Branch - Kabuga, Kigali
- RDB Branch - Kigali
- Kigali Airport Branch - Kigali International Airport, Kigali
- SFB Branch - Kigali
- Manor Hotel Branch - Manor Hotel, Kigali
- Gatsata Branch - Gatsata, Kigali
- Gisenyi Branch - Gisenyi
- Gisenyi Downtown Branch - Downtown Gisenyi
- Ruhengeri Branch - Ruhengeri
- Ruhengeri Downtown Branch - Downtown Ruhengeri
- Gakenke Branch - Gakenke
- Gitarama Branch - Gitarama
- Butare Branch - Butare
- Cyangugu Branch - Cyangugu
- Rwamagana Branch - Rwamagana
- Kibungo Branch - Kibungo
- Kirehe Branch - Kirehe, Kibungo
- Kayonza Branch - Kayonza
- Kabarore Branch - Kabarore
- Nyagatare Branch - Nyagatare
- Rusumo Branch - Rusumo
- Gicumbi Branch - Gicumbi
- Gatuna Branch - Gatuna
- Nyamata Branch - Nyamata
- Ngororero Branch - Ngororero
The bank is supervised by a ten-member board of directors, all of whom, except one, are non-executive. The chairman of the board is Lado Gurgenidze. The day-to-day activities of the bank are administered by a ten-person management board, headed by the managing director, Diane Karusisi.
|Rank||Name of Owner||Percentage Ownership|
|1||Government of Rwanda||29.5%|
|2||Social Security Fund of Rwanda||25.1%|
|3||International institutional investors||14.0%|
|5||Local institutional investors||8.9%|
|6||Regional institutional investors||7.7%|
|7||Employees and directors||1.0%|
|8||Other state-owned entities||0.1%|
- Note:Totals may be slightly off due to rounding
- RIC (2016). "Key People At Bank of Kigali". Rwandainvestor.com (RIC). Retrieved 17 May 2016.
- Mugisha, Ivan (9 January 2016). "Bank of Kigali picks new CEO as Gatera resigns". The EastAfrican. Nairobi. Retrieved 9 January 2016.
- Esiara, Kabona (23 February 2016). "Bank of Kigali net profit up 12pc to $28.2 million". The EastAfrican. Nairobi. Retrieved 24 February 2016.
- Gahamanyi, John (7 December 2012). "Bank of Kigali To Venture Into Uganda Market". The EastAfrican. Nairobi. Retrieved 8 June 2015.
- BNR, . (April 2015). "List of Licensed Banks In Rwanda" (PDF). Banque Nationale du Rwanda (BNR). Retrieved 7 June 2015.
- Mugisha, Ivan (30 December 2010). "Rwanda: Government To Float 25 Percent of Its Shares in Bank of Kigali". New Times (Rwanda) via AllAfrica.com. Retrieved 8 June 2015.
- Mugisha, Ivan (21 June 2011). "Rwanda: Bank of Kigali Gets Approval To Trade Shares". New Times (Rwanda) via AllAfrica.com. Retrieved 8 June 2015.
- Mugwe, David (19 February 2013). "Bank of Kigali Gets Licence To Open Office In Kenya". The EastAfrican. Nairobi. Retrieved 8 May 2015.
- BOK (10 March 2015). "Bank of Kigali 31 December 2014 Annual Report And Financial Statement" (PDF). Bank of Kigali (BOK). Retrieved 7 June 2015.
- Butera, Saul (6 October 2010). "Bank of Kigali Named Among Region's Leading Banks". In2eastafrica.net Quoting New Times (Rwanda) Quoting African Business Magazine. Retrieved 8 June 2015.
- Tumusiime, Stephen (30 April 2009). "Rwanda: Bank of Kigali Going Strong, Despite Global Financial Crisis". The Rwanda Focus via AllAfrica.com. Kigali. Retrieved 22 July 2015.
- BK, . (22 July 2015). "Bank of Kigali: Our Branches". Bank of Kigali (BK). Retrieved 22 July 2015.
- Butera, Saul (14 September 2010). "Rwanda: Bank To Open More Branches". New Times (Rwanda) via AllAfrica.com. Kigali. Retrieved 22 July 2015.
- Gahene, Ambrose (9 March 2010). "Rwanda: BK Unveils New Branch In Gicumbi". New Times (Rwanda) via AllAfrica.com. Kigali. Retrieved 22 July 2015.}
- RwandaExpress Staff, . (25 June 2012). "Rwanda: Ngororero - Bank of Kigali Opens New Branch In Ngororero Town". RwandaExpress. Kigali. Retrieved 22 July 2015.
- BK, . (22 July 2015). "Bank of Kigali: Our Team - Board of Directors". Retrieved 22 July 2015.
- BOK (31 March 2016). "Bank of Kigali: Shareholding Structure As At 31 March 2016". Kigali: Bank of Kigali (BOK). Retrieved 29 July 2016.