AB Bank Rwanda

AB Bank Rwanda
Company typePrivate
IndustryFinancial services
Founded2013
HeadquartersKigali, Rwanda
Key people
Klaus Mueller
Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards
Total assetsUS$5.54 million (RWF:3.683 billion) (2013)
Websitewww.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. 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 Owner Percentage Ownership
1 AccessHolding 67.9
2 German Development Bank (KfW) 17.1
3 International Finance Corporation (IFC)[5] 15
Total 100.00

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

References

  1. ^ "List of Licensed Banks In Rwanda". National Bank of Rwanda. 2014. Archived from the original on 12 July 2014. Retrieved 3 August 2014.
  2. ^ "Overview of Access Microfinance Holding AG (AccessHolding)". AccessHolding (AMFHAG). Archived from the original on 21 August 2014. Retrieved 3 August 2014.
  3. ^ Gasore, Ben (13 June 2014). "AB Bank Rwanda Loan Book Hits RWF:1 Billion". The New Times (Rwanda). Archived from the original on 2014-08-10. Retrieved 3 August 2014.
  4. ^ "AB Bank Rwanda: Shareholders". AB Bank Rwanda. 2013. Archived from the original on 10 August 2014. Retrieved 3 August 2014.
  5. ^ "Rwanda: IFC, Access Bank Rwanda Sign $300,000 Pact To Support Rural SMES". MicroFinanceNigeria.Com. 8 April 2014. Archived from the original on 11 August 2014. Retrieved 3 August 2014.