Industry Banking Founded 2005 Type of business Private | Number of employees 348 | |
Key people Faustin ByakundaManaging Director Products Loans, credit cards, savings, investments, mortgages Revenue Aftertax: US$387,000+ (RWF:230 million) (2010) | ||
Unguka Bank Limited (UBL), commonly known as Unguka Bank, is a microfinance bank in Rwanda. It is one of the banks licensed by the National Bank of Rwanda, the country's banking regulator.
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Overview
As of June 2012, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.
History
The institution was founded in 2005, as Unguka Microfinance Limited, by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.
Ownership
The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not widely publicly known. 35% shareholding is owned by Rural Impulse Fund (RIF) II.
Branch network
As of June 2012, UBL maintains a network of 12 branches, including in the following locations:
- Nyarugenge Branch - Kigali
- Nyabugogo Branch - Kigali
- Remera Branch - Kigali
- Musanze Branch - Musanze
- Rubavu Branch - Rubavu
- Mukamira Branch - Nyabihu
- Ngororero Branch - Ngororero
- Gakenke Branch - Gakenke
- Kora Branch - Nyabihu
- Mahoko Branch - Rubavu
- Kabaya Branch - Nyabihu
- Muhanga Branch - Muhanga