AB Bank Rwanda (ABR) is a microfinance bank in Rwanda. The bank is one of the licensed banks in the Republic of Rwanda.
Overview ABR is a Rwandan microfinance bank, wholly owned by International institutions, that was established in 2013. It is affiliated with, and is subsidiary of AccessHolding, a commercial microfinance investment and holding company based in Germany, with subsidiaries in Azerbaijan, Madagascar, Tanzania, Nigeria, Liberia, Tajikistan, Zambia and Rwanda.
History The bank was granted a banking license by the National Bank of Rwanda, the national banking regulator, in 2013 and commenced commercial banking services in the same year. By June 2014, AB Bank Rwanda maintained over 4,000 deposit accounts and more than 1,300 loan accounts. The loan book exceeded RWF:1 billion (US$1.5 million).
Ownership The stock of the bank is privately owned by institutional investors. , the shareholding in the bank is as depicted in the table below:
AB Bank Rwanda Stock OwnershipRank Name of OwnerPercentage Ownership1AccessHolding67.92German Development Bank (KfW)17.13International Finance Corporation (IFC)15 Total100.00
Branch network As of March 2019, the bank maintains six branches and six credit outlets across the country.
Nyamirambo Branch - Nyamirambo, Kigali Nyarugenge Branch - Nyarugenge, Kigali - Main Branch Gisozi Branch - Gasabo, Kigali Kimironko Branch -Kimironko, Kigali Nyabugogo Branch - Nyabugogo, Kigali Musanze Branch - Musanze Muhanga Credit Outlet - Muhanga Rwamagana Credit Outlet - Rwamagana Kabarondo Credit Outlet - Kabarondo Huye Credit Outlet - Huye Gicumbi Credit Outlet - Gicumbi Nyagatare Credit Outlet - Nyagatare Rubavu Credit Outlet - Rubavu Rusizi Credit Outlet - Kamembe Nyamata Credit Outlet - Bugesera Nyanza Credit Outlet - Nyanza Ruhango Credit Outlet - Ruhango
See also List of banks in Rwanda Economy of Rwanda
References
External links Website of AB Bank Rwanda Website of Rwanda National Bank