Commercial Bank of Rwanda
Encyclopedia
Banque Commerciale du Rwanda (BCR) or Commercial Bank of Rwanda, is a commercial bank
in Rwanda
. The bank is one of the ten (10) licensed commercial bank
s in the Republic of Rwanda.
, United Kingdom
, specializing in investments in developing countries, whose investment portifolio is almost US$5 billion, as of April 2010.
is owned by the following corporate entities:
Commercial 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...
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...
. The bank is one of the ten (10) licensed commercial bank
Commercial 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.
History
The bank was opened in 1963. In the beginning the bank was wholly owned by the Government of Rwanda. In 2004, the bank was privatized. As of April 2010, Actis Capital owns 80% and the Rwanda Government owns the remaining 20% of the financial institution. Actis Capital is a private equity investment firm, headquartered in LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, United Kingdom
United Kingdom
The 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...
, specializing in investments in developing countries, whose investment portifolio is almost US$5 billion, as of April 2010.
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:
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Government of Rwanda | 20.0 |
| 2 | Actis Capital | 80.0 |
| |Total | 100.00 | |
Branch Network
Commercial Bank of Rwanda maintains the following branches, as of April 2010.- 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...
- Butare Branch - ButareButareButare is a city in the Southern Province of Rwanda and capital of Huye district. It was the capital of the former Butare Province, Rwanda, that was dissolved on January 1, 2006....
- 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...
- 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...
- 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...
- Kacyiru Branch - Kacyiru NovotelNovotelNovotel is a mid-scale hotel brand within the Accor group. Novotel has close to 400 hotels and resorts in 60 countries, situated in the business districts and tourist destinations of major international cities.-History:...
, 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... - Kigali Airport Branch - Kigali International AirportKigali International AirportKigali International Airport , formerly known as Gregoire Kayibanda International Airport, but sometimes referred to as Kanombe International Airport, is the primary airport serving Kigali, the capital of Rwanda...
- Nyamirambo Branch - Nyamirambo, 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...
- Magerwa Branch - Magerwa, 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:...
- 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...
- Byumba Branch - ByumbaByumbaByumba is a city in northern Rwanda, and is the capital of Gicumbi district and the Northern Province. It is home to an SOS Children's Village. The city lies 60 km north of the capital Kigali, and is not far from the border with Uganda....
- Rwamagana Branch - RwamaganaRwamaganaRwamagana is a city and capital of both Rwamagana district and the Eastern Province of Rwanda- Description :Rwamagana lies approximately from Kigali, on the newly renovated road leading east towards Tanzania...