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 type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2013 |
| Headquarters | Kigali, Rwanda |
Key people | Klaus Mueller Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$5.54 million (RWF:3.683 billion) (2013) |
| Website | www.abbank.rw |
Overview edit
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 edit
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 edit
The stock of the bank is privately owned by institutional investors. As of December 2013[update], the shareholding in the bank is as depicted in the table below:[4]
| AB Bank Rwanda Stock Ownership | |||||||||||||||
|
Branch network edit
As of March 2019, the bank maintains six branches and six credit outlets across the country.
- Nyamirambo Branch - Nyamirambo, Kigali
- Nyarugenge Branch - Nyarugenge, Kigali - Main Branch
- Gisozi Branch - Gasabo, Kigali
- Kimironko Branch -Kimironko, Kigali
- Nyabugogo Branch - Nyabugogo, Kigali
- Musanze Branch - Musanze
- Muhanga Credit Outlet - Muhanga
- Rwamagana Credit Outlet - Rwamagana
- Kabarondo Credit Outlet - Kabarondo
- Huye Credit Outlet - Huye
- Gicumbi Credit Outlet - Gicumbi
- Nyagatare Credit Outlet - Nyagatare
- Rubavu Credit Outlet - Rubavu
- Rusizi Credit Outlet - Kamembe
- Nyamata Credit Outlet - Bugesera
- Nyanza Credit Outlet - Nyanza
- Ruhango Credit Outlet - Ruhango
See also edit
References edit
- ^ "List of Licensed Banks In Rwanda". National Bank of Rwanda. 2014. Archived from the original on 12 July 2014. Retrieved 3 August 2014.
- ^ "Overview of Access Microfinance Holding AG (AccessHolding)". AccessHolding (AMFHAG). Archived from the original on 21 August 2014. Retrieved 3 August 2014.
- ^ 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.
- ^ "AB Bank Rwanda: Shareholders". AB Bank Rwanda. 2013. Archived from the original on 10 August 2014. Retrieved 3 August 2014.
- ^ "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.