Access Bank Rwanda

{{Infobox company

| name = Access Bank Rwanda

| logo =

| type = Private: Subsidiary of Access Bank Group

| foundation = {{start date and years ago|2009}}

| location = KIC (former UTC), 3rd Floor, KN 4 Ave, Kigali, Rwanda

| key_people = Faustin Rukundo Byishimo
(Managing Director){{cite web |title=Access Bank appoints new Managing Director |url=https://www.newtimes.co.rw/news/featured-access-bank-appoints-new-md |website=The New Times (Rwanda) |access-date=18 July 2021 |date=12 May 2021}}{{cite web |title=Board and Management Team |url=https://rwanda.accessbankplc.com/pages/About-Us/Board-Management-Team.aspx |website=Access Bank Rwanda |access-date=18 July 2021}}

| num_employees = 150 (2011)

| assets = US$179.44 million (RWF:231.06 billion) (2023)

| revenue = {{profit}}Aftertax:US$5.217 million (RWF:6,717,917,000) (2023)

| industry = Financial services

| products = Loans, checking, savings, investments, debit cards

| homepage = {{url|https://rwanda.accessbankplc.com}}

}}

Access Bank Rwanda is a commercial bank in Rwanda. It is one of the commercial banks licensed by the National Bank of Rwanda, the national banking regulator.{{Cite web |title=BNR-National Bank of Rwanda: Licensed Banks |url=https://www.bnr.rw/financial-stability/bank-supervision/licensed-banks/ |access-date=2022-04-07 |website=www.bnr.rw}}

Overview

The bank is a medium-sized financial institution in Rwanda. According to its web site, it is the fourth-largest commercial bank in the country, based on assets.{{cite web|url=http://www.accessbankplc.com/rw/default.aspx |title=Access Bank Rwanda Is 4th Largest Bank By Assets |publisher=Accessbankplc.com |access-date=2012-04-30 |url-status=dead |archive-url=https://web.archive.org/web/20120527060222/http://www.accessbankplc.com/rw/default.aspx |archive-date=2012-05-27 }} {{asof|December 2023}}, the bank's total assets were US$179.44 million (RWF:231.06 billion), with shareholders equity of about US$25.9 million (RWF:33.37 billion).{{cite web| url=https://rwanda.accessbankplc.com/access/media/Media-PDF-Attachment/2023-FY-Financial-Statement.PDF?ext=.pdf |date=21 February 2024 |work=Access Bank Rwanda |title=Access Bank Rwanda Plc: Audited Financial Statements For The Year Ended 31 December 2023 |access-date=10 June 2024 |location=Kigali, Rwanda}}

History

Access Bank (Rwanda) PLC is a commercial bank that operates in Rwanda. The bank was officially launched in January, 2009 after fulfilling all regulatory requirements. Formerly BANCOR SA Rwanda and created in 1995 by foreign investors, the bank was restructured in 2001 after its takeover by Rwandan and South African private investors.{{cite web |date=22 January 2009 |

url=https://www.newtimes.co.rw/section/read/6799 |title=Bancor bank rebrands now Access Bank Rwanda |work=The New Times (Rwanda) |

access-date=7 April 2022}} Having commenced operations in Kigali, the Bank has since expanded its operations by extending its network to Nyabugogo, Rubavu and Rusizi. Access Bank Plc, one of the largest banks in Nigeria, officially acquired BANCOR S.A. after its successful acquisition of a 75 percent stake.{{cite web| url=https://africa.businessinsider.com/local/markets/top-nigerian-banks-by-asset-size-in-h1-2023/chtzqzq |title=Top Nigerian banks by asset size in H1 2023 |work=BusinesInsider.com |date=24 September 2023 |author=Adekunle Agbetiloye |access-date=11 January 2024 | location=Lagos, Nigeria}}{{cite web| url=https://allafrica.com/stories/200808050126.html/|title=Nigeria: Access Bank Acquires 75 Percent Stake in Big Rwandan Bank |

work=East African Business Week |date=4 August 2008 | author=Bosco Hitimana |access-date=11 January 2024 | location=Kampala, Uganda |format=via AllAfrica.com}}

Access Bank Group

Access Bank Rwanda is a member of the Access Bank Group, the largest financial services provider in Nigeria, based on assets, as of June 2023. Other member companies of the group include:

Access Bank Plc – Nigeria
Omnifinance Bank – Ivory Coast[http://omnifinance.org/ Bienvenue à Omnifinance] {{Webarchive|url=https://web.archive.org/web/20090210115152/http://omnifinance.org/ |date=2009-02-10 }} {{in lang|fr}}
Banque Privée du Congo – Democratic Republic of the Congo[http://www.bpc-bank.com/ Banque Privee Du Congo] {{webarchive |url=https://web.archive.org/web/20090725224416/http://www.bpc-bank.com/ |date=July 25, 2009 }}
Access Bank Rwanda – Rwanda{{cite web |url=http://www.accessbankplc.com/rw/ |title=Access Bank (Rwanda) Limited |publisher=Accessbankplc.com |access-date=2012-04-30 |archive-url=https://web.archive.org/web/20100725010737/http://www.accessbankplc.com/rw/ |archive-date=2010-07-25 |url-status=dead }}
Access Bank Sierra Leone – Sierra Leone
Access Bank Gambia – The Gambia{{cite web |url=http://accessbankgambia.com |title=Access Bank (Gambia) Limited |publisher=Accessbankgambia.com |access-date=2012-04-30 |archive-url=https://web.archive.org/web/20110811024718/http://accessbankgambia.com/ |archive-date=2011-08-11 |url-status=dead }}
Access Bank United Kingdom – United Kingdom
Access Bank Zambia – Zambia
Finbank Burundi – Burundi{{Cite news|url=http://allafrica.com/stories/200905190650.html|title=Burundi: Finbank to Be Named {{as written|A|cess}} Bank|last=Isenged|first=Walter|date=2009-05-19|work=East African Business Week (Kampala)|access-date=2017-08-30}}
Access Bank Kenya - Kenya{{cite web| url=https://www.theeastafrican.co.ke/business/Nigeria-Access-Bank-injects--9m-into-Rwandan-subsidiary/2560-5568592-38ilf5z/index.html |title=Nigeria's Access Bank injects $9m into Rwandan subsidiary |newspaper=The EastAfrican |date=1 June 2020 |author=James Anyanzwa |access-date=1 June 2020 | location=Nairobi}}
Access Bank South Africa – South Africa
Access Bank Uganda – Uganda{{cite web|url=https://www.theeastafrican.co.ke/tea/business/nigeria-s-access-bank-acquires-ugandan-lender-4505374 |title=Nigeria's Access Bank Acquires Ugandan Lender |work=The EastAfrican |date=27 January 2024 |author=Edna Mwenda |access-date=10 June 2024 |

location=Nairobi, Kenya}}

Ownership

The bank's stock is owned by the following corporate entities and private individuals:[http://www.accessbankplc.com/rw/whoweare.aspx Stock Ownership of Access Bank Rwanda] {{dead link|date=April 2016|bot=medic}}{{cbignore|bot=medic}}

style="width:2em;" \|Rank	Name of Owner	Percentage Ownership
style="font-size:100%;"
style="width:100%; text-align:center;"\| Access Bank Rwanda Stock Ownership
valign="top" \| {\| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
1	Access Bank Group	75.0
2	Rwandan & South African Investors	25.0
	Total	100.00