Industry Financial Services Type of business Private | Website Homepage Founded 2013 | |
Key people Arah SadavaManaging Director Products Loans, Checking, Savings, Investments, Debit Cards Total assets 5.54 million USD (2013, RWF:3.683 billion) | ||
AB Bank Rwanda (ABBR), is a microfinance bank in Rwanda. The bank is one of the licensed banks in the Republic of Rwanda.
Contents
Overview
ABBR 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. As of December 2013, the shareholding in the bank is as depicted in the table below:
Branch Network
As of June 2014, the bank maintains two branches in Kigali, Rwanda's capital and the largest city in that county.
- Nyamirambo Branch - Nyamirambo, Kigali
- Nyarugenge Branch - Nyarugenge, Kigali - Main Branch
- Gisozi Branch - Gasabo, Kigali
- Kimironko Branch -Kimironko, Kigali