Rwanda : Local bank makes 34.4 per cent
The 2011.financial year for the Populace bank (Banque Populaire du Rwanda-BPR), has been a year of boom with the local residents bank registering a net profit of Rwf1.2 billion campared to Rwf1.6 billion from the previous year.
The readings of BPR’s financial results were posted this May 24, and the increase was attributed to the growing lending network- that have been also seen an increment in the clientele base, according to BPR’s Chief Executive Officer (CEO), Herman Klaassen
Klaassen says that the bank managed to increase its loan book and the heavy investment made in automating all the branches on the same network allowed easy access to our financial services.
The bank managed to automate 150 more branches in the program connecting all branches to the main branch. This moved from up from 40 to a total 190 branches automated branches countrywide.
The bank is set to launch agency banking by the end of next month, as a boost on Points of Sale and Automated Teller Machines (ATMs) – which will make it the fourth lender to announce the launch of the service after KCB Rwanda, Equity Bank Rwanda and Bank of Kigali.
The lender targets 130 ATMs across the country by the end of the year and this goal will, for starters, be implemented by the launching of 90 ATMs across the country, with a new label product- ‘IZI cash’