Access Bank Rwanda

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Access Bank Rwanda
TypePrivate
IndustryFinancial services
Founded1995
HeadquartersKigali, Rwanda
Key people
Faustin Rukundo Byishimo
(Managing Director)[1][2]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncreaseAftertax:US$1,064,300 (RWF:711,800,000) (2013)[3]
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.[4]

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.[5] 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.[6]

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.[7] Other member companies of the group include:

Ownership[]

The bank's stock is owned by the following corporate entities and private individuals:[14]

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: [15]

See also[]

References[]

  1. ^ "FEATURED: Access Bank appoints new Managing Director". The New Times. 12 May 2021. Retrieved 18 July 2021.
  2. ^ "Board and Management Team". Access Bank Rwanda. Retrieved 18 July 2021.
  3. ^ Gasore, Ben (10 April 2014). "Rwanda: Access Bank Makes RWF 711 Million Profit". The Ne Times via AllAfrica.com. Retrieved 11 April 2014.
  4. ^ "List of Licensed Commercial Banks In Rwanda". Bnr.rw. Archived from the original on 2012-05-12. Retrieved 2012-04-30.
  5. ^ "Access Bank Rwanda Is 4th Largest Bank By Assets". Accessbankplc.com. Archived from the original on 2012-05-27. Retrieved 2012-04-30.
  6. ^ Mukaaya, Eddie (2009-01-22). "Rwanda: Bancor Bank Rebrands Now Access Bank Rwanda". The New Times (Kigali). Retrieved 2017-08-30.
  7. ^ Access Bank plc is Nigeria's 6th Largest Bank[dead link]
  8. ^ Bienvenue à Omnifinance (in French)
  9. ^ Banque Privee Du Congo Archived July 25, 2009, at the Wayback Machine
  10. ^ "Access Bank (Rwanda) Limited". Accessbankplc.com. Archived from the original on 2010-07-25. Retrieved 2012-04-30.
  11. ^ "Access Bank (Gambia) Limited". Accessbankgambia.com. Archived from the original on 2011-08-11. Retrieved 2012-04-30.
  12. ^ Isenged, Walter (2009-05-19). "Burundi: Finbank to Be Named Acess Bank". East African Business Week (Kampala). Retrieved 2017-08-30.
  13. ^ James Anyanzwa (1 June 2020). "Nigeria's Access Bank injects $9m into Rwandan subsidiary". The EastAfrican. Nairobi. Retrieved 1 June 2020.
  14. ^ Stock Ownership of Access Bank Rwanda[dead link]
  15. ^ Branch Network of Access Bank Rwanda[dead link]

External links[]

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