AB Bank Rwanda

Microfinance bank in Rwanda From Wikipedia, the free encyclopedia

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

Company typePrivate
Founded2013
HeadquartersKigali, Rwanda
Quick facts Company type, Industry ...
AB Bank Rwanda
Company typePrivate
IndustryFinancial services
Founded2013
HeadquartersKigali, Rwanda
Key people
Zachary Raymond
Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards
Total assetsUS$5.54 million (RWF:3.683 billion) (2013)
Websitewww.abbank.rw
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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]

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

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