Banque Populaire du Rwanda
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| Private | |
| Industry | Financial Services |
| Founded | 1986 |
| Headquarters | Kigali, Rwanda |
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Key people
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John Vitalo Chairman of the board, |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Website | http://www.bpr.rw |
John Vitalo Chairman of the board,
Banque Populaire du Rwanda Ltd (BPR; Kinyarwanda: Banki y'Abaturage y'u Rwanda), formerly Banque Populaire du Rwanda SA, is a commercial bank in Rwanda.
The bank is one of the thirteen licensed commercial banks in the Republic of Rwanda. Banque Populaire du Rwanda (BPR) is commonly known to focus on retail (consumer) banking activities (current and savings, accounts, loans, etc. and consumer banking tools like mobile banking), as well as agricultural business expertise, with corporate customers in the food and agri-business value chain - in-line with their farming/cooperative foundation and involvement Rabobank as a shareholder.
As of October 2015, BPR was a medium-sized financial services provider in Rwanda. Its total asset valuation was approximately US$325 million. At that time, shareholding in the bank was valued at about US$50 million. The bank focused its lending to businesses in the agricultural sector. It employed 1,477 staff at that time.
The origins of the bank can be traced back to 1975, when the first Banque Populaire was formed in the settlement of Nkamba, in the cityof Kibungo, Eastern Province. Over the next ten years many other similar banks were founded around the country. In 1986, the various autonomous Banques Populaires formed an umbrella called the Union des Banques Populaires du Rwanda (UBPR). UBPR was operated as a cooperative bank.
In January 2008, following 33 years of experience in the Rwandan financial sector, UBPR was transformed from a cooperative bank into a commercial bank: Banque Populaire du Rwanda S.A. In June 2008, Rabobank, theDutch cooperative banking conglomerate, acquired 35 percent of the shares in BPR. In July 2012, Visa Inc. certified the bank to issue visa-branded debit and credit cards.
In January 2016, Atlas Mara completed its acquisition of a controlling stake of BPR after acquiring shares from existing shareholders and merging the bank with the commercial banking business that was spun off BRD.
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Wikipedia