AB Bank Rwanda explained

AB Bank Rwanda
Type:Private
Foundation:2013
Location:Kigali, Rwanda
Key People:Klaus Mueller
Managing Director
Assets:US$5.54 million (RWF:3.683 billion) (2013)
Industry:Financial services
Products:Loans, Checking, Savings, Investments, Debit Cards
Homepage:www.abbank.rw

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

Overview

ABR 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., the shareholding in the bank is as depicted in the table below:[4]

AB Bank Rwanda Stock Ownership
Rank Name of OwnerPercentage Ownership
1AccessHolding67.9
2German Development Bank (KfW)17.1
3International Finance Corporation (IFC)[5] 15
Total100.00

Branch network

As of March 2019, the bank maintains six branches and six credit outlets across the country.

  1. Nyamirambo Branch - Nyamirambo, Kigali
  2. Nyarugenge Branch - Nyarugenge, Kigali - Main Branch
  3. Gisozi Branch - Gasabo, Kigali
  4. Kimironko Branch -Kimironko, Kigali
  5. Nyabugogo Branch - Nyabugogo, Kigali
  6. Musanze Branch - Musanze
  7. Muhanga Credit Outlet - Muhanga
  8. Rwamagana Credit Outlet - Rwamagana
  9. Kabarondo Credit Outlet - Kabarondo
  10. Huye Credit Outlet - Huye
  11. Gicumbi Credit Outlet - Gicumbi
  12. Nyagatare Credit Outlet - Nyagatare
  13. Rubavu Credit Outlet - Rubavu
  14. Rusizi Credit Outlet - Kamembe
  15. Nyamata Credit Outlet - Bugesera
  16. Nyanza Credit Outlet - Nyanza
  17. Ruhango Credit Outlet - Ruhango

See also

External links

Notes and References

  1. Web site: List of Licensed Banks In Rwanda . 3 August 2014 . . 2014 . dead . https://web.archive.org/web/20140712183101/http://bnr.rw/index.php?id=317 . 12 July 2014 .
  2. Web site: Overview of Access Microfinance Holding AG (AccessHolding). 3 August 2014. AccessHolding (AMFHAG). 21 August 2014. https://web.archive.org/web/20140821132349/http://accessholding.com/About_Us/. dead.
  3. Web site: 13 June 2014. AB Bank Rwanda Loan Book Hits RWF:1 Billion. Ben. Gasore. The New Times (Rwanda). 3 August 2014. https://web.archive.org/web/20140810101613/http://www.newtimes.co.rw/news/index.php?i=15752&a=77534. 2014-08-10. dead.
  4. Web site: AB Bank Rwanda: Shareholders. 3 August 2014. AB Bank Rwanda. 2013. https://web.archive.org/web/20140810030212/http://www.abbank.rw/shareholders.html. 10 August 2014. dead. dmy-all.
  5. Web site: Rwanda: IFC, Access Bank Rwanda Sign $300,000 Pact To Support Rural SMES . 8 April 2014 . 3 August 2014 . MicroFinanceNigeria.Com . dead . https://web.archive.org/web/20140811183229/http://www.microfinancenigeria.com/other-news/rwanda-ifc-access-bank-rwanda-sign-300000-pact-to-support-rural-smes/ . 11 August 2014 .

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