Access Bank Rwanda
Encyclopedia
Overview
The bank is one of the ten (10) licensed commercial bankCommercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
s in the Republic of Rwanda. As of January 2009, it was the fourth (4th) largest commercial bank in the country, based on assets.
History
The bank was first established in Rwanda in 1995, as Bancor SA, by a UgandaUganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
n investor. In 2000, after fourteen (14) years of continuous successful banking operations, it was sold to Tribert Rujugiro, a Rwandese
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
. In 2001, the bank was restructured and other investors of South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
n nationality were brought on board as part-owners. In August 2008, Access Bank Group
Access Bank
Access Bank Plc., commonly known as Access Bank, is a commercial bank in Nigeria. The bank is one of the leading financial services providers in Nigeria, with an asset base in excess of US$4.8 billion, as of May 2009.-Locations:...
, the Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
n financial services provider took a 75% ownership in Bancor SA. In January 2009, the bank re-branded to Access Bank Rwanda.
Access Bank Group
Access Bank Rwanda is a member of the Access Bank GroupAccess Bank Group
Access Bank Group, is a financial services organization in West Africa, Central Africa and East Africa. The Group's headquarters are located on Victoria Island in Lagos, Nigeria, with subsidiaries in Nigeria, Burundi, Côte d'Ivoire, Democratic Republic of the Congo, Ghana, Rwanda, The Gambia,...
, the sixth (6th) largest financial services provider in Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
, based on assets. Other member companies of the group include:
- Access Bank Plc.Access BankAccess Bank Plc., commonly known as Access Bank, is a commercial bank in Nigeria. The bank is one of the leading financial services providers in Nigeria, with an asset base in excess of US$4.8 billion, as of May 2009.-Locations:...
- NigeriaNigeriaNigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in... - Omnifinance Bank - Côte d'IvoireCôte d'IvoireThe Republic of Côte d'Ivoire or Ivory Coast is a country in West Africa. It has an area of , and borders the countries Liberia, Guinea, Mali, Burkina Faso and Ghana; its southern boundary is along the Gulf of Guinea. The country's population was 15,366,672 in 1998 and was estimated to be...
- Banque Privée du Congo - Democratic Republic of the CongoDemocratic Republic of the CongoThe Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
- Access Bank Rwanda - RwandaRwandaRwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
- Access Bank Sierra Leone - Sierra LeoneSierra LeoneSierra Leone , officially the Republic of Sierra Leone, is a country in West Africa. It is bordered by Guinea to the north and east, Liberia to the southeast, and the Atlantic Ocean to the west and southwest. Sierra Leone covers a total area of and has an estimated population between 5.4 and 6.4...
- Access Bank Gambia - The GambiaThe GambiaThe Republic of The Gambia, commonly referred to as The Gambia, or Gambia , is a country in West Africa. Gambia is the smallest country on mainland Africa, surrounded by Senegal except for a short coastline on the Atlantic Ocean in the west....
- Access Bank United Kingdom - United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
- Access Bank ZambiaAccess Bank ZambiaAccess Bank Zambia Limited, commonly referred to as Access Bank Zambia, is a commercial bank in Zambia. It is one of the eighteen commercial banks licensed by the Bank of Zambia, the national banking regulator....
- ZambiaZambiaZambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west.... - Finbank Burundi - BurundiBurundiBurundi , officially the Republic of Burundi , is a landlocked country in the Great Lakes region of Eastern Africa bordered by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. Its capital is Bujumbura...
Ownership
The bank's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is owned by the following corporate entities and private individuals:
{| style="font-size:100%;"
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| width="100%" align="center" | Access Bank Rwanda Stock Ownership
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{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Access Bank Group
Access Bank
Access Bank Plc., commonly known as Access Bank, is a commercial bank in Nigeria. The bank is one of the leading financial services providers in Nigeria, with an asset base in excess of US$4.8 billion, as of May 2009.-Locations:...
||75.0
|-
|2||Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
n & South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
n Investors||25.0
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|||Total||100.00
|-
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Branch Network
As of April 2010, the bank maintains branches in the following locations:- Main Branch - KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
- City Center Branch - KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
- Nyabugogo Branch - Nyabugogo, KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
- Remera Branch - Remera, KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
- Gisenyi Branch - GisenyiGisenyiGisenyi is a city in Rubavu district in the Western Province of Rwanda. Gisenyi is contiguous with Goma, the city across the border in the Democratic Republic of the Congo. The population of the city is about 106 000 .-Description:...
- Cyangugu Branch - CyanguguCyanguguCyangugu is a city and capital of the Rusizi district of Western Province, Rwanda. The city lies at the southern end of Lake Kivu, and is contiguous with Bukavu, Democratic Republic of the Congo, but separated from it by the Ruzizi River...
- Ruhengeri Branch - RuhengeriRuhengeriRuhengeri is a city and capital of Musanze District in the Northern Province of Rwanda. Some sources now refer to the city itself as Musanze, after the district in which it lies. It lies near the twin lakes of Lake Burera and Lake Ruhondo and is the gateway city to Volcanoes National Park and the...
- Bugarama Branch - BugaramaBugarama-Location:Bugarama is located in Western Province, Rusizi District, close to the borders with Burundi and the Democratic Republic of the Congo. Its location is about , by road, southwest of Kigali, Rwanda's capital and largest city....
, Cyangugu ProvinceCyangugu ProvinceCyangugu Province is one of the 12 former provinces of Rwanda. It is now part of the Western Province....