Interbank Burundi, often called Interbank is a 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...

 in Burundi

Burundi

Burundi , 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...

. It is one of the twelve banks licensed by the Bank of the Republic of Burundi

Bank of the Republic of Burundi

The Bank of the Republic of Burundi is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura.-History:The central bank evolved step by step:...

, the national banking regulator.

Overview

The bank is a medium-sized financial services provider in Burundi

Burundi

Burundi , 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...

, serving both individuals and businesses. , Interbank had total assets in excess of US$138 million. According to its website the bank is the second largest commercial bank in Burundi, with a market-share of 25%.

History

The bank was founded in 1993 by citizens and non-citizens of Burundi

Burundi

Burundi , 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...

, representing over ten (10) nationalities.

Ownership

The detailed percentage ownership of Interbank Burundi is not publicly known as of September 2010. The shares of the bank are privately owned.

Governance

Georges Coucoulis serves as the Chairman of the seven (7) member Board of Directors

Board 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...

. The hief Executive Officer is Callixte Mutabazi.

Branch network

, Interbank Burundi has a network of branched in Bujumbura

Bujumbura

-Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...

, the national capital and in the provinces. Some of the locations where the bank maintains branches include the following:

1. Main Branch - 15 Avenue de l'Industrie, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
2. Marché Central Branch - Avenue d'Allemagne, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
3. Quartier Asiatique Branch - Avenue Ntahangwa, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
4. Place de l'Indépendance Branch - Avenue du Commerce, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
5. Buyenzi Branch - 20th Avenue, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
6. Jabe Branch - Avenue de la Jeunesse, Bujumbura
   Bujumbura
   -Education:The University of Burundi is located in Bujumbura.Hope Africa University is located in BujumburaUniversité du Lac Tanganyika is located in Bujumbura-External links:**...
   
   
7. Ngozi Branch - RNG Road, Ngozi
   Ngozi
   Ngozi may refer to:* Ngozi, Burundi, a city in Burundi* Ngozi, an Igbo language first name meaning "blessing"* Ingozi, danger or accident in IsiXhosa language* Ngozi, skin, leather or football in Swahili language...
   
   
8. Kirundo Branch - Kirundo
   Kirundo
   Kirundo is a city located in northern Burundi. It is the capital city of Kirundo Province....
   
   
9. Gitega Branch - Gitega
   Gitega
   Gitega is the second largest city in Burundi, lying east of Bujumbura. It is the capital of Gitega Province, one of the 17 provinces of Burundi. It is the home of the Burundi National Museum and the Archdiocese of Gitega...
   
   
10. Muyinga Branch - Muyinga
    Muyinga
    Muyinga is a city located in northern Burundi. It is the capital city of Muyinga Province. It lies at an altitude of 1731 m and has a population of 48,997....
    
    

External links

• Website of Interbank Burundi
• Website of Bank of the Republic of Burundi

See also

• List of banks in Burundi
• Bank of the Republic of Burundi
  Bank of the Republic of Burundi
  The Bank of the Republic of Burundi is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura.-History:The central bank evolved step by step:...
  
  
• Economy of Burundi
  Economy of Burundi
  Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The mainstay of the Burundian economy is agriculture, accounting for 54%of GDP in 1997. Agriculture supports more than 70% of the labour force, the majority of whom are subsistence farmers...