Rwanda’s Bank of Kigali in final preparations to go regional

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Our reporter

Kigali-Rwanda-the leading commercial bank in Rwanda, Bank of Kigali [BK] will soon open branches in the regional countries, if all goes as expected, the Bank official told Great Lakes Voice

“You shouldn’t be surprised that we are opening branches in Nairobi and Kampala soon. We want to increase the number of the customers and also compete with other Banks at the regional level, Jean Pierre Habumuremyi, the head of SME department said.

Without diverging details, Habumuremyi said the bank will be opening branches soon. Bank of Kigali has maintained its position as the market leader in the banking industry with a giant market share of 40.8% equity followed by BPR with 14.4% equity and then closing the lid is Equity bank, the latest entry into the banking sector, with a total of 4.4% equity.

With over 13,000 registered cooperate accounts; over 73,000 retail accounts, 44 branches countrywide and 26 ATMs, the bank has continued to enjoy its superiority over her entrants. Among its realization in the year 2011 were the issuing of approximately 40,000 visa electronic cards and the interoperability of its ATMS with visa electron and local proprietary cards.

The bank’s total assets are estimated to be Rwf 287.9 billon, stretching wider the gap between it and her competitors in the country.

According to the bank’s CEO James Gatare, the bank has also played a major role in corporate social responsibility through such schemes as improving access to education, promoting community health, ensuring environmental sustainability, elimination of poverty and promoting decent housing.

The management of the bank, they are indomitable to uphold their mission of being the leader in creating value for all stakeholders by providing the best financial services to businesses and individual customers, through motivated and professional staff.

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Great Lakes Voice (GLV) is an independent news network that aims to provide Africa's Great Lakes Region with a source of uncensored news.

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