Access Bank Rwanda

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]

Access Bank Rwanda
TypePrivate
IndustryFinancial Services
Founded1995
HeadquartersKigali, Rwanda
Key people
Jean Claude Karayenzi
Managing Director[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueAftertax: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

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
RankName 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: [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
  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
  14. Branch Network of Access Bank Rwanda
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