Rwanda Development Bank
Encyclopedia
Rwanda Development Bank, commonly referred to by its French
name Banque Rwandaise de Développement (BRD), is a government-owned development bank
in Rwanda
.
The period between 1967 and 1987 saw the institution invest heavily in automotive (pick-up trucks) finance and the finance of grinding mills. Between 1988 and 1994, the bank expanded its services to to the provision of loans in agro-industries, particularly tea and manufacturing, artisans and micro-enterprises. Between 1995 and 2000, the bank underwent re-structuring, re-organization and re-capitalization, to repair the damage incurred during the 1994 Rwanda Genocide. Since 2001, the bank has increased its focus on financing projects geared towards rural development, since 90% of the Rwandan population is rural. A new subsidiary have been created:
Rwanda Development Bank Takes Full Control of Rwanda Housing Bank
Mission:The Government of Rwanda’s investment arm that finances the nation’s development objectives with a focus on the priority sectors of the economy
Core Values
of the bank:
The following are members of the Senior Management Team at Development Bank of Rwanda, as of April 2011.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
name Banque Rwandaise de Développement (BRD), is a government-owned development bank
Development bank
The phrase development bank may refer to:* Community development banks fund low-income areas in the United States* Multilateral Development Bank provide financing for international development...
in 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...
.
Overview
The bank began its operations in 1967, as a long-term financial services provider, with the financing geared towards national development projects. , the total asset valuation of the bank was approximately US$122 million (RWF:72 billion), with shareholders equity of approximately US$42.3 million (RWF:25 billion)History
The Rwanda Development Bank, “BRD” a Public Company Limited by Shares, with a share capital of RWF 7,000,021,000, registered at the Officer of the Registrar General, whose company code n° 1000003547, its incorporation certificate issued on 7/7/2011 and a banking license n°003 issued by the National Bank of Rwanda on August 11, 2009. BRD was incorporated on August 5, 1967. History_of_BRDThe period between 1967 and 1987 saw the institution invest heavily in automotive (pick-up trucks) finance and the finance of grinding mills. Between 1988 and 1994, the bank expanded its services to to the provision of loans in agro-industries, particularly tea and manufacturing, artisans and micro-enterprises. Between 1995 and 2000, the bank underwent re-structuring, re-organization and re-capitalization, to repair the damage incurred during the 1994 Rwanda Genocide. Since 2001, the bank has increased its focus on financing projects geared towards rural development, since 90% of the Rwandan population is rural. A new subsidiary have been created:
- BRD Development Fund - www.bdf.rw
Rwanda Development Bank Takes Full Control of Rwanda Housing Bank
Sectors of Operation
Rwanda Development Bank operates in all sectors of productive investment that generate value addition with positive social, economic and environmental impact aligned both with national strategies and the Bank’s strategic priorities. The sectors include the following:- Agriculture & livestock;
- Manufacturing industry;
- Education and Health care;
- Energy and Water;
- Hotel and Tourism;
- ICT;
- Transport and related facilities;
- Exports;
- Real Estate
- Micro-finance
Products
The Rwanda Development Bank put great products in front of their customers. These Products are:- Loans;
- Trade Finance;
- Leasing;
- Equity;
- Deposit Taking;
- Refinancing;
- Mortgage Financing;
- Capacity Building &
- Advisory
Branches
To bring services closer to the people, the bank maintains branches at 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...
- Kayonza Branch - KayonzaKayonzaKayonza is a small town in Kayonza district, Eastern Province, Rwanda.The town is centred on a roundabout, where the road east from Kigali splits into the road running north to the Ugandan border, and the road south to Tanzania. It is a major transport hub because of this junction, where a sizeable...
, Eastern Rwanda - Musanze Branch - MusanzeMusanzeMusanze is a district in the Northern Province of Rwanda. Its capital city is Ruhengeri, which is also sometimes known as Musanze.- Geography and tourism :...
, Northern Rwanda - Karongi Branch - KarongiKarongiKarongi is a district in Western Province, Rwanda. Its capital is Rubengera, but the district also contains Kibuye, the provincial capital and a major Rwandan lakeside resort.- Geography :...
, Western Rwanda - Huye Branch - HuyeHuyeHuye may refer to:* Mount Huye, a mountain in southern Rwanda.* Huye , a bottled mineral water brand sold in Rwanda and produced on Mount Huye.* Huye , a district of South Province, Rwanda, which contains Mount Huye and Butare city....
, Southern Rwanda
Vision, Mission & Core
Vision:To be the Leader of productive investment and the most profitable Bank at the service of poverty reduction.Mission:The Government of Rwanda’s investment arm that finances the nation’s development objectives with a focus on the priority sectors of the economy
Core Values
- Professionalism: BRD staff has to be highly qualified, motivated with respect to the professional ethics
- Quality of the service: The quality of the service provided by BRD has to go beyond the customers’ expectations
- Efficiency and effectiveness: The Bank has to set up clear and measurable objectives in term of the portfolio quality and growth as well profitability of all its operations.
- Innovation: The bank has to be innovative and dynamic, in order to provide good financing tools or products , and financing conditions to the customers.
Governance
, the following constitute the Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of the bank:
- Fabien Majoro - Chairman of the BoardChairman of the BoardThe Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
- Hadija Murangwa - Director
- Richard Tusabe - Director
- Francis Mugisha - Director
- Gaëtane Scavee - Director
The following are members of the Senior Management Team at Development Bank of Rwanda, as of April 2011.
- Jack Nkusi Kayonga - Chief Executive OfficerChief executive officerA chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
- Christine Karangwayire - Director of Investments
- Emmanuel Murangayisa - Acting Director of Finance
- Emmanuel Karuranga - Director of Credit Administration
- Vedaste Avemariya - Director of Risk and Compliance
- Evode Nshimiyimana. - Director of Operations
- Hector Mutijima - Director of Corporate Affairs
- Innocent Bulindi - CEO of BRD Development Fund
See also
- Economy of RwandaEconomy of RwandaRwanda is a rural country with about 70% of the population engaged in agriculture. It is the most densely populated country in Africa; is landlocked; and has few natural resources and minimal industry. Primary exports are coffee and tea...
- List of Financial Institutions in Rwanda
- 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...