Access Bank Rwanda

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.[4]

Access Bank Rwanda
TypePrivate
IndustryFinancial services
Founded2009
HeadquartersKIC (former UTC), 3rd Floor, KN 4 Ave, Kigali, Rwanda
Key people
Faustin Rukundo Byishimo
(Managing Director)[1][2]
ProductsLoans, checking, savings, investments, debit Cards
RevenueIncreaseAftertax:US$1,064,300 (RWF:711,800,000) (2013)[3]
Total assetsUS$83.4 million (RWF:55.8 billion) (2011)
Number of employees
150 (2011)
Websiterwanda.accessbankplc.com

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.[5] As of December 2011, the bank's total assets were US$83.4 million (RWF:55.8 billion), with shareholders equity of about US$9.72 million (RWF:6.65 billion).

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,[7] officially acquired BANCOR SA after its successful acquisition of a 75% stake.

Access Bank Group

Access Bank Rwanda is a member of the Access Bank Group, the sixth largest financial services provider in Nigeria, based on assets.[8] Other member companies of the group include:

Ownership

The bank's stock is owned by the following corporate entities and private individuals:[15]

Access Bank Rwanda Stock Ownership
RankName of OwnerPercentage Ownership
1Access Bank Group75.0
2Rwandan & South African Investors25.0
Total100.00

Access Bank Rwanda - Branch Network

As of April 2022, the bank maintains branches in the following locations: [16]

  • 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

References
  1. "FEATURED: Access Bank appoints new Managing Director". The New Times. 12 May 2021. Retrieved 18 July 2021.
  2. "Board and Management Team". Access Bank Rwanda. Retrieved 18 July 2021.
  3. Gasore, Ben (10 April 2014). "Rwanda: Access Bank Makes RWF 711 Million Profit". The Ne Times via AllAfrica.com. Retrieved 11 April 2014.
  4. "BNR-National Bank of Rwanda: Licensed Banks". www.bnr.rw. Retrieved 2022-04-07.
  5. "Access Bank Rwanda Is 4th Largest Bank By Assets". Accessbankplc.com. Archived from the original on 2012-05-27. Retrieved 2012-04-30.
  6. "Bancor bank rebrands now Access Bank Rwanda". The New Times | Rwanda. 2009-01-22. Retrieved 2022-04-07.
  7. Larnyoh, Magdalene Teiko (2021-07-02). "Top 5 banks in Nigeria". Business Insider Africa. Retrieved 2022-04-07.
  8. Access Bank plc is Nigeria's 6th Largest Bank
  9. Bienvenue à Omnifinance Archived 2009-02-10 at the Wayback Machine (in French)
  10. Banque Privee Du Congo Archived July 25, 2009, at the Wayback Machine
  11. "Access Bank (Rwanda) Limited". Accessbankplc.com. Archived from the original on 2010-07-25. Retrieved 2012-04-30.
  12. "Access Bank (Gambia) Limited". Accessbankgambia.com. Archived from the original on 2011-08-11. Retrieved 2012-04-30.
  13. Isenged, Walter (2009-05-19). "Burundi: Finbank to Be Named Acess Bank". East African Business Week (Kampala). Retrieved 2017-08-30.
  14. James Anyanzwa (1 June 2020). "Nigeria's Access Bank injects $9m into Rwandan subsidiary". The EastAfrican. Nairobi. Retrieved 1 June 2020.
  15. Stock Ownership of Access Bank Rwanda
  16. Branch Network of Access Bank Rwanda
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