AB Bank Rwanda

AB Bank Rwanda
Private
Industry Financial Services
Founded 2013
Headquarters Kigali, Rwanda
Key people
 Arah Sadava
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Total assets US$5.54 million (RWF:3.683 billion) (2013)
Website Homepage

AB Bank Rwanda (ABBR), is a microfinance bank in Rwanda. The bank is one of the licensed banks in the Republic of Rwanda.[1]

Overview

ABBR is a Rwandan microfinance bank, wholly owned by International institutions, that was established in 2013. It is affiliated with, and is subsidiary of AccessHolding, a commercial microfinance investment and holding company based in Germany, with subsidiaries in Azerbaijan, Madagascar, Tanzania, Nigeria, Liberia, Tajikistan, Zambia and Rwanda.[2]

History

The bank was granted a banking license by the National Bank of Rwanda, the national banking regulator, in 2013 and commenced commercial banking services in the same year. By June 2014, AB Bank Rwanda maintained over 4,000 deposit accounts and more than 1,300 loan accounts. The loan book exceeded RWF:1 billion (US$1.5 million).[3]

Ownership

The stock of the bank is privately owned by institutional investors. As of December 2013, the shareholding in the bank is as depicted in the table below:[4]

AB Bank Rwanda Stock Ownership
Rank Name of OwnerPercentage Ownership
1AccessHolding50.5
2German Development Bank (KfW)16.5
3International Finance Corporation (IFC)[5]16.5
4Netherlands Development Finance Company (FMO)[6]16.5
Total100.00

Branch Network

As of June 2014, the bank maintains two branches in Kigali, Rwanda's capital and the largest city in that county.

  1. Nyamirambo Branch - Nyamirambo, Kigali
  2. Nyarugenge Branch - Nyarugenge, Kigali - Main Branch
  3. Gisozi Branch - Gasabo, Kigali
  4. Kimironko Branch -Kimironko, Kigali

See also

References

  1. ↑ NBR, . (2014). "List of Licensed Banks In Rwanda". National Bank of Rwanda (NBR). Retrieved 3 August 2014.
  2. ↑ AMFHAG, . "Overview of Access Microfinance Holding AG (AccessHolding)". AccessHolding (AMFHAG). Retrieved 3 August 2014.
  3. ↑ Gasore, Ben (13 June 2014). "AB Bank Rwanda Loan Book Hits RWF:1 Billion". The New Times (Rwanda). Retrieved 3 August 2014.
  4. ↑ ABBR, . (2013). "AB Bank Rwanda: Shareholders". AB Bank Rwanda (ABBR). Retrieved 3 August 2014.
  5. ↑ Leadership Nigeria, . (8 April 2014). "Rwanda: IFC, Access Bank Rwanda Sign $300,000 Pact To Support Rural SMES". MicroFinanceNigeria.Com. Retrieved 3 August 2014.
  6. ↑ FMO, . (15 July 2013). "FMO Takes Equity Stake In Rwandan Bank, AB Bank Rwanda". Avca-Africa.Org.

External links

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