I&M Bank records high profit growth

I&M Bank has experienced a growth in loans and advances of 25 per cent to Rwf 65.6 billion of which more than 60 per cent was availed to small medium enterprises (SMEs) and retail clients. Customer deposits grew from Rwf85.8 billion to Rwf94.1 billion sighting almost a 10 percent increase as the bank registered more than 2000 new accounts. Total deposits grew from Rwf86.6 billion in 2012 to Rwf99 billion in 2013. Overall total shareholder equity... Read More

Rwanda : Unguka bank seeks commercial bank status

Officials of a local Rwandan bank, Unguka Microfinance Institution, have said that they are now envisioning becoming a fully fledged commercial bank so as to compete effectively in the economy. The chairman board of directors of Unguka bank, Joseph Zirimwabagabo, said that the bank targets to become a fully fledged commercial bank by 2015 since it has now received fully certification as a microfinance bank from the central bank of Rwanda. The bank... Read More