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

Company type	Private: Subsidiary of Access Bank Group
Industry	Financial services
Founded	2009; 16 years ago (2009)
Headquarters	KIC (former UTC), 3rd Floor, KN 4 Ave, Kigali, Rwanda
Key people	Faustin Rukundo Byishimo (Managing Director)[1][2]
Products	Loans, checking, savings, investments, debit cards
Revenue	Aftertax:US$5.217 million (RWF:6,717,917,000) (2023)[3]
Total assets	US$179.44 million (RWF:231.06 billion) (2023)[3]
Number of employees	150 (2011)
Website	rwanda.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 2023^[update], 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).^[3]

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