Commercial Bank of Rwanda

Commercial Bank of Rwanda
Commercial Bank of Rwanda
Type Private
Industry Financial Services
Founded 1963
Headquarters Kigali, Rwanda
Key people Sanjeev Anand, Managing Director[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue increase Pretax US$3.09 million (2008)
Total assets US$180 million (2008)[2]
Website Homepage

Banque Commerciale du Rwanda (BCR) or Commercial Bank of Rwanda, is a commercial bank in Rwanda. The bank is one of the ten (10) licensed commercial banks in the Republic of Rwanda.

Contents

History

The bank was opened in 1963. In the beginning the bank was wholly owned by the Government of Rwanda. In 2004, the bank was privatized. As of April 2010, Actis Capital owns 80% and the Rwanda Government owns the remaining 20% of the financial institution.[3] Actis Capital is a private equity investment firm, headquartered in London, United Kingdom, specializing in investments in developing countries, whose investment portifolio is almost US$5 billion, as of April 2010.

Ownership

The bank's stock is owned by the following corporate entities: [4]

Rank Name of Owner Percentage Ownership
1 Government of Rwanda 20.0
2 Actis Capital 80.0
Total 100.00

Branch Network

Commercial Bank of Rwanda maintains the following branches, as of April 2010.[5]

  1. Cyangugu Branch - Cyangugu
  2. Butare Branch - Butare
  3. Main Branch - Kigali
  4. Remera Branch - Remera, Kigali
  5. Nyabugogo Branch - Nyabugogo, Kigali
  6. Kacyiru Branch - Kacyiru Novotel, Kigali
  7. Kigali Airport Branch - Kigali International Airport
  8. Nyamirambo Branch - Nyamirambo, Kigali
  9. Magerwa Branch - Magerwa, Kigali
  10. Gisenyi Branch - Gisenyi
  11. Ruhengeri Branch - Ruhengeri
  12. Byumba Branch - Byumba
  13. Rwamagana Branch - Rwamagana

External links

See also

References

  1. ^ BCR Profit Up On Cost Control
  2. ^ Financial Report for BCR IN 2008
  3. ^ History of Commercial Bank of Rwanda
  4. ^ Stock Ownership of Commercial Bank of Rwanda
  5. ^ Branch Network As of April 2010
v · Economy of Rwanda
Currency: Rwandan franc
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