Access Bank Rwanda Explained

Access Bank Rwanda
Type:	Private: Subsidiary of Access Bank Group
Location:	KIC (former UTC), 3rd Floor, KN 4 Ave, Kigali, Rwanda
Key People:	Faustin Rukundo Byishimo (Managing Director)^[1] ^[2]
Num Employees:	150 (2011)
Assets:	US$179.44 million (RWF:231.06 billion) (2023)
Revenue:	Aftertax:US$5.217 million (RWF:6,717,917,000) (2023)
Industry:	Financial services
Products:	Loans, checking, savings, investments, debit cards

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.^[3]

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.^[4], the bank's total assets were US$179.44 million (RWF:231.06 billion), with shareholders equity of about US$25.9 million (RWF:33.37 billion).^[5]

History

Access Bank (Rwanda) PLC is a commercial bank that operates in Rwanda. The bank was officially launched in January, 2009 after fulfilling all regulatory requirements. Formerly BANCOR SA Rwanda and created in 1995 by foreign investors, the bank was restructured in 2001 after its takeover by Rwandan and South African private investors.^[6] Having commenced operations in Kigali, the Bank has since expanded its operations by extending its network to Nyabugogo, Rubavu and Rusizi. Access Bank Plc, one of the largest banks in Nigeria, officially acquired BANCOR S.A. after its successful acquisition of a 75 percent stake.^{[7] [8]}

Access Bank Group

Access Bank Rwanda is a member of the Access Bank Group, the largest financial services provider in Nigeria, based on assets, as of June 2023.^[7] Other member companies of the group include:

• Access Bank Plc – Nigeria
• Omnifinance Bank – Ivory Coast^[9]
• Banque Privée du Congo – Democratic Republic of the Congo^[10]
• Access Bank Rwanda – Rwanda^[11]
• Access Bank Sierra Leone – Sierra Leone
• Access Bank Gambia – The Gambia^[12]
• Access Bank United Kingdom – United Kingdom
• Access Bank Zambia – Zambia
• Finbank Burundi – Burundi^[13]
• Access Bank Kenya - Kenya^[14]
• Access Bank South Africa – South Africa
• Access Bank Uganda – Uganda^[15]

Ownership

The bank's stock is owned by the following corporate entities and private individuals:^[16]

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

Access Bank Rwanda - Branch Network

As of April 2022, the bank maintains branches in the following locations:^[17]

• Access Bank Rwanda Head Office - KN4 Ave, 3rd Floor- KIC Building (Formerly known as UTC Building), Kigali Rwanda
• Remera Branch - Remera, Kigali, Rwanda
• Nyabugogo - Nyarugenge, Kigali, Rwanda
• Rubavu - Rubavu District
• Musanze- Musanze District
• Rusizi - Rusizi District
• CHIC Branch - Kigali, Rwanda
• KICUKIRO / Mt. Meru Station - Kigali, Rwanda

See also

• List of banks in Rwanda

External links

• Economy of Rwanda
• List of banks in Rwanda
• Access Bank Rwanda Expands Branch Network
• e Finance listing for Access Bank (Nigeria)

Notes and References

1. Web site: Access Bank appoints new Managing Director . . 18 July 2021 . 12 May 2021.
2. Web site: Board and Management Team . Access Bank Rwanda . 18 July 2021.
3. Web site: BNR-National Bank of Rwanda: Licensed Banks . 2022-04-07 . www.bnr.rw.
4. Web site: Access Bank Rwanda Is 4th Largest Bank By Assets . Accessbankplc.com . 2012-04-30 . dead . https://web.archive.org/web/20120527060222/http://www.accessbankplc.com/rw/default.aspx . 2012-05-27 .
5. Web site: Access Bank Rwanda Plc: Audited Financial Statements For The Year Ended 31 December 2023 . 21 February 2024 . Access Bank Rwanda . 10 June 2024 . Kigali, Rwanda.
6. Web site: 22 January 2009 . Bancor bank rebrands now Access Bank Rwanda . . 7 April 2022.
7. Web site: Top Nigerian banks by asset size in H1 2023 . BusinesInsider.com . 24 September 2023 . Adekunle Agbetiloye . 11 January 2024 . Lagos, Nigeria.
8. Web site: Nigeria: Access Bank Acquires 75 Percent Stake in Big Rwandan Bank . . 4 August 2008 . Bosco Hitimana . 11 January 2024 . Kampala, Uganda . via AllAfrica.com.
9. http://omnifinance.org/ Bienvenue à Omnifinance
10. http://www.bpc-bank.com/ Banque Privee Du Congo
11. Web site: Access Bank (Rwanda) Limited . Accessbankplc.com . 2012-04-30 . https://web.archive.org/web/20100725010737/http://www.accessbankplc.com/rw/ . 2010-07-25 . dead .
12. Web site: Access Bank (Gambia) Limited . Accessbankgambia.com . 2012-04-30 . https://web.archive.org/web/20110811024718/http://accessbankgambia.com/ . 2011-08-11 . dead .
13. News: Burundi: Finbank to Be Named Bank. Isenged. Walter. 2009-05-19. East African Business Week (Kampala). 2017-08-30.
14. Web site: Nigeria's Access Bank injects $9m into Rwandan subsidiary . . 1 June 2020 . James Anyanzwa . 1 June 2020 . Nairobi.
15. Web site: Nigeria's Access Bank Acquires Ugandan Lender . . 27 January 2024 . Edna Mwenda . 10 June 2024 . Nairobi, Kenya.
16. http://www.accessbankplc.com/rw/whoweare.aspx Stock Ownership of Access Bank Rwanda
17. http://www.accessbankplc.com/rw/whoweare.aspx Branch Network of Access Bank Rwanda