{{Short description|Bank of Rwanda}} {{EngvarB|date=July 2018}} {{Use dmy dates|date=July 2018}} {{Infobox company | name = Ecobank Rwanda | logo = | type = Private | owner = Ecobank International | caption = | foundation = {{start date and years ago|2007|07|06}} | location = Kigali, Rwanda | key_people = '''Vianney Shumbusho'''<br/>Chairman <br/> '''Alice Kalonzo-Zulu'''<br/> CEO<ref name="1R">{{cite web| url=https://www.ecobank.com/rw/personal-banking/countries | title=Ecobank Rwanda: Key Figures & Board of Directors |date=15 July 2018 | access-date=15 July 2018 |publisher=Ecobank Rwanda | author=Ecobank |location=Kigali}}</ref> | num_employees = | industry = Finance | products = Checking, Savings, Credit cards, Debit cards, Loans, Mortgages, Overdrafts etc. | assets = RWF:193.527 billion (US$227.5 million) (2016)<ref name="1R"/> | revenue = {{loss}} Net RWF:3.2 billion (US$3.8 million) (2016)<ref name="2R"/> | homepage = {{URL|https://www.ecobank.com/rw/}} | }}

'''Ecobank Rwanda''', whose full name is '''Ecobank Rwanda Limited''', formerly '''Bank of Commerce, Development and Industry (BCDI)''', is a commercial bank in Rwanda, licensed and supervised by the National Bank of Rwanda, the central bank and national banking regulator.<ref name="3R">{{cite web |url=https://www.bnr.rw/fileadmin/AllDepartment/FinancialStability/List_of_licensed_banks-June_2017.pdf |title=List of Licensed Banks As At 30 June 2017 |publisher=National Bank of Rwanda |author=National Bank of Rwanda |location=Kigali |date=30 June 2017 |access-date=15 July 2018 |archive-url=https://web.archive.org/web/20170804055916/https://www.bnr.rw/fileadmin/AllDepartment/FinancialStability/List_of_licensed_banks-June_2017.pdf |archive-date=4 August 2017 |url-status=dead }}</ref>

==Location== The headquarters of Ecobank Rwanda and the main branch of the bank are located along KN3 Avenue in the central business district of the city of Kigali, the capital and largest urban centre of Rwanda. The geographical coordinates of the banks headquarters are 01°56'49.0"S, 30°03'38.0"E (Latitude:-1.946944; Longitude:30.060556).<ref name="4R">{{google maps| url=https://www.google.com/maps/place/1%C2%B056'49.0%22S+30%C2%B003'38.0%22E/@-1.9470436,30.0600975,117m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-1.9469444!4d30.0605556 |title=Location of the headquarters of Ecobank Rwanda, KN3 Avenue, Kigali, Rwanda | access-date=15 July 2018}}</ref>

==Overview== {{asof|December 2016}}, the bank was a medium-sized financial institution with an asset base of RWF:193.527 billion (US$227.5 million), with shareholders' equity of RWF:17.835 billion (US$21 million), and RWF:161.625 billion (US$190 million) in customer deposits.<ref name="1R"/>

==History== Ecobank Rwanda was established on 6 July 2007, when Ecobank International acquired the '''Bank of Commerce, Development and Industry (BCDI)''', a commercial bank in Rwanda that had failed. At the time of acquisition, BCDI had a 46 percent non-performing loan profile, was under-capitalized and suffered from poor governance and inadequate operational controls. The new owners had to invest US$11.6 in new capital, to meet capitalization requirements.<ref name="5R">{{cite web|date=27 February 2008 | url=https://businessrwanda.wordpress.com/2008/02/27/west-african-banks-enter-rwandan-market/ |title=West African Banks enter Rwandan market |access-date=15 July 2018 |author=Babu Emile | publisher=Business Rwanda |location=Kigali}}</ref>

==Shareholders== The bank is a 100 percent subsidiary of Ecobank Transnational Incorporated (ETI), the pan-African financial conglomerate headquartered in Lome, Togo, with operations in 36 countries, according to the Ecobank Group website.<ref name="6R">{{cite web|url=https://ecobank.com/group/about-us | title=Ecobank Transnational Incorporated: About Us |date=15 July 2018 |access-date=15 July 2018 |publisher=Ecobank Transnational Incorporated |author=Ecobank |location=Lome, Togo}}</ref>

==Board of Governors== As of December 2016, the following were the members of the Board of Directors of Ecobank Rwanda:<ref name="1R"/>

# Vianney Shumbusho: Chairman # Ephraim Turahirwa: Member # Ivan Twagirashema: Member # Ibironke Wilson: Member # Rose Gakuba: Member # Alice Kilonzo-Zulu: Managing Director.

==Management team== As recently as December 2017, the Managing Director and Chief Executive Officer of Ecobank Rwanda was Alice Kalonzo Zulu.<ref name="2R">{{cite web|access-date=15 July 2018 | url=https://www.theeastafrican.co.ke/rwanda/Business/Ecobank-Rwanda-now-embraces-agency-banking/1433224-4159214-tlkw1cz/index.html |title=Ecobank Rwanda now embraces agency banking |date=29 October 2017 |newspaper=The EastAfrican | first=Esiara |last=Kabona |location=Nairobi}}</ref><ref name="7R">{{cite web|date=13 December 2017 |location=Kigali | url=http://www.newtimes.co.rw/section/read/225491 | title=Ecobank to close five branches in favour of digital banking |access-date=15 July 2018 |newspaper=New Times (Rwanda) | first=Peterson |last=Tumwebaze}}</ref>

==Branches== As of December 2016, Ecobank Rwanda maintained 16 networked branches across the country.<ref name="1R"/> In December 2017 going forward, the bank began closing some upcountry branches and transferring the services and some employees to agency banking, in combination with digital banking. Once the selected branches are closed, the bank will remain with eight brick-and-mortar branches only.<ref name="2R"/><ref name="7R"/>

==See also== * List of banks in Rwanda * Economy of Rwanda

==References== {{reflist}}

==External links== *{{Official website|https://www.ecobank.com/rw/personal-banking/countries}} * [http://www.winne.com/rw/company-profiles/ecobank-rwanda-ltd Company Profile of Ecobank Rwanda Limited] {{Portal|Banks}}

{{DEFAULTSORT:Ecobank Rwanda}} Category:Banks of Rwanda Category:Economy of Kigali Category:Banks established in 2007 Category:2007 establishments in Rwanda