Banque Populaire du Rwanda SA
,_Dec2016.jpg) |
|
| Private | |
| Industry | Financial Services |
| Founded | 1975 |
| Headquarters | Kigali, Rwanda |
|
Key people
|
John Vitalo Chairman Sanjeev Anand Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax:US$540,000 (RWF:395.2 million (Q3:2015) |
| Total assets | US$325 million (2015) |
|
Number of employees
|
1,477 (2014) |
| Website | http://www.bpr.rw |
Banque Populaire du Rwanda Ltd (BPR), is a commercial bank in Rwanda and licensed by the National Bank of Rwanda, the national banking regulator.
As of October 2015[update], 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 du Rwanda was formed in the settlement of Nkamba, in the city of 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, the Dutch 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.
As of August 2016[update] the bank's is owned by the following corporate entities:
Arise is an investment company that focuses on investments in Africa. It is owned by a consortium of European financial institutions including FMO, Rabobank and Norfund
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