E-NewsLetter No. 08/13

BK week
this
Issue No. 008/13
Weekly e -News Letter
January 14th 2013
Rwanda’s Prime Minister Dr. Pierre Habamuremyi speaking during the visit to Bank of Kigali on the 24th December 2012
Rwanda’s Prime Minister
commends Bank of Kigali Ltd
T
he Prime Minister of
Rwanda, Dr. Pierre Damien
Habamuremyi on 24th
December 2012, paid a visit
to Bank of Kigali at its head
office in the Central Business
District in Kigali. He was
accompanied by the Minister of Commerce
Trade and Industry, the Governor and Vice
Governor of the Central Bank in addition to
other staff members of the Central Bank. The
delegation was received by the Bank’s Chief
Executive Officer, James Gatera and other
members of the bank’s senior management
team. The visit began with a tour of various
client facing functions including credit loans
department, electronic banking, western
union, international trade, account opening
as well as the Bank’s deposit taking ATMs.
During the tour the Premier was briefed on
the bank’s product offering for customers in
both its retail and corporate segments.
The delegation was then taken through
a presentation of the bank’s overall
performance and its position in the banking
sector, in which it holds approximately 30%
market share across all key balance sheet
metrics.The presentation made by the CEO,
also highlighted the significant steps that had
been made by both the government and
players in the banking industry to increase
the country’s banked population which
increased significantly between 2008 and
2012, indicating the potential for further
gains to be made in financial inclusion within
the country. “Bank of Kigali is committed
to financially transforming the lives of all
Rwandans through increased access to
financial services and continues to make
significant investments towards this end such
as agency banking and the BK MobiBanks”
said the Chief Executive Officer.
The Prime Minister commended the Bank
on its sustained profitability and market
leadership position and urged management
to maintain the growth trajectory while
continuing to deliver exemplary customer
service to its expanding client base. He
also applauded the Bank’s efforts to grow
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its distribution network though self-service
products such as debit and credit cards as well
as deposit taking ATMs and asked the Bank
to increase customer awareness of these
products thereby promoting wider card usage
across the country. “We are very proud of the
Bank’s achievements as the largest bank in
Rwanda and recognize your exemplary service
delivery and customized product offering as
well as your involvement in supporting the
government’s agenda to promote financial
BK CEO James Gatera showcasing different BK Visa cards
We are very proud of
the Bank’s achievements
as the largest bank in
Rwanda and recognize
your exemplary service
delivery.
autonomy through your contributions to the
Agaciro Development Fund” said the Prime
Minister.
BK’s Yvon Nshimwe demonstrating the
functionalities of BK ATM’s to the Prime Minister, The Governor of
the Central Bank of Rwanda. Claver Gatete and The Minister of Commerce and Trade Francois Kanimba
In addressing those present, the Prime
Minister noted the need for further
development of the private sector particularly
in the areas of low cost housing, mining
and energy. He went on to urge the Bank to
partner with the government in financing
projects in the energy sector to increase the
country’s manufacturing base which would
significantly contribute to lowering the cost of
exports while increasing their volumes. “The
electricity capacity continues to be a challenge
given that the energy sector requires huge
investments and as such we request Bank of
Kigali to facilitate financing of energy projects”
noted Prime Minister Habamuremyi.
The Prime Minister hailed BK’s leading
participation in financing Hanga Umurimo
projects in the country and said that the
scheme is a potential sector for other banks
to finance as well. “70% of the Rwandan
population is made up of women and young
people and access to finance for this group is
essential to the growth of our economy and
therefore the banking sector should increase
its focus on these individuals” noted Prime
Minister Dr. Habamuremyi.
The Prime Minister and the Minister of
Commerce Trade and Industry also assured
the Bank of the government’s support in
promoting real estate projects especially
low cost housing schemes that the Bank
can finance. The Bank’s CEO indicated that
BK has rolled out an aggressive retail strategy
which included a focus on mortgage financing
to promote home ownership in the country.
“The consumer banking department was set
up as part of the bank’s efforts to grow its
retail offering and as at 30th September 2012,
the Bank had disbursed over Rwf 20 billion of
mortgage loans compared to Rwf 12 billion in
2011,” said Gatera.
On his part, the Governor of the Central Bank
Ambassador Claver Gatete commended
Bank of Kigali’s contribution to the innovation
currently taking place within the financial
services sector. “Bank of Kigali has significantly
contributed to the circulation of ATMs and Point
of Sale machines (POS) in the country,” noted
Ambassador Gatete. He further said that the
Bank has contributed significantly to financial
inclusion agenda through agency banking
allowing the Bank to reach Rwandans who may
otherwise have been unable to access financial
services. According to Ambassador Gatete, Bank
of Kigali contributed significantly to the total
loans disbursed in 2012.
Other projects that the Prime Minister
advocated for include cross border trade finance
and agriculture.
Rwanda Prime minister in a group photo with management of Bank of Kigali and the governor of National Bank of Rwanda
Amb. Claver Gatete and Minister of tarde and Commerce Kanimba Francois
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Pictorial for this week - Prime Minister’s visit to BK
Weekly e -News Letter
Bank of Kigali staff during the End of year 2012 party
Bank of Kigali 2012 end of
year party
B
ank of Kigali staff came
together on 22nd December
2012 to celebrate the successes
of the year 2012.The function
was held at BK’s banking Hall at
the Head Quarters in Kigali, and
there must have been close to
600 employees in attendance.
The function was graced with live
performances of Mico Band, catering
services by Karisimbi and remarkable
speeches by Chief Executive Officer James
Gatera, Chief Operating Officer Lawson
Naibo, and Chief Executive Officer John
Bugunya and this really was team building.
John Bugunya Bank’s CFO reflected on the
bank’s growth in performance since 2007
to November 2012 and hailed initiatives by
Bank stretching from customized products
and growth in branch network. Bugunya
reported that the Bank’s total assets grew
by more than 10% that is from 287 billion
Rwandan Francs to 316 billion Rwandan
Francs. Further he reported that Customer
Deposits mobilized also increased by more
than 15% to over 201 billion Rwandan
Francs. Net Loans increased by more than
46% that is 123 billion Rwandan Francs to
180 billion Rwandan Francs.
“Net Income has equally grown by more
than 50% compared to November 2011
which was 7.3billion Rwandan Francs to 11
billion Rwanda Francs. This is a very good
achievement!” noted CFO John Bugunya.
Chief Operating Officer Lawson Naibo made
a presentation on past, present and future
perspective of Bank of Kigali where he
begun by thanking all staff for making it to
the event and highlighted that it is indeed
worth celebrating as BK team for all 2012
achievements where BK has been ranked
as the Best Bank in Rwanda.“We have
grown our balance sheet by over 200 billion
Rwandan Francs and on customer deposits
in 2007 we had 101 billion Rwandan Francs
currently we’re talking about 181 billion
Rwandan Francs no other bank in this
market has been able to do that.” reiterated
COO Lawson Naibo
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Lawson reported that in 2007 loans issued
totaled to 48 billion Rwandan Francs and
that currently the Bank has issued 164 billion
Rwandan Francs. “We have grown 3 times
the amount of loans we have given to our
customers. This is indeed a great Social
Economic Development.” said Lawson Naibo.
In terms of the market share Lawson reported
that the entry of other giant banks has not
prevented BK growth in market share. “In
2009 our Market Share was 26.4% now we
are at 31.9% market share despite the entry
of new banks in Rwanda. We are still able to
increase our market share in all the various
metrics you can talk about,” highlighted
Lawson Naibo.
On future perspectives Lawson said that BK
has all products that are customized to suite
the customers’ needs and hence in term of
retail accounts BK projects in 2013 to serve
290,000 customers, to distribute 150,000
Visa Cards both Debit and Credit cards, attain
72 Branches and 86 ATMs. On this note he
called for collective efforts from all BK staff
and strive for excellence. “A lot of effort is
required to attain these targets and also
serve customers at the best customer
service. We need to work even harder and as
a team,” said Chief Operating Officer Naibo.
He emphasized that BK’s growth and
excellence is phenomenal, and that
this has been possible through the
stewardship of the Chief Executive Officer,
Gatera James. On this note he informed
staff that CEO was honored with a Doctorate
Degree in Finance and Banking by the
Commonwealth University of Belize. To this all
staff and management tossed glasses in
BK CEO James Gatera addressing staff during the end of year party 2012
honor of this achievement where James
Gatera becomes the first to be awarded with
such a Doctorate Degree in Rwanda.
We have worked so hard
during the year 2012 and I
thank each one of you for
your contribution
James Gatera who was also the Chief Guest
at the event thanked all staff for the collective
efforts in making Bank of Kigali the Best Bank
in Rwanda. “We have worked so hard during
the year 2012 and I thank each one of you for
your contribution .I have no doubt that 2013
we will excel even higher,” said CEO.
He remarked that since Bank of Kigali became
100% fully owned and managed by Rwandans
that is since 2007; the Bank has been able to
achieve a lot what previous management that
is Belogoloise had never achieved in 40 years
of their existence. “All this is possible because
of all our collective efforts. We have a lot of
work to do as we are soon going regional and
therefore we need to work harder that is
wherever we set foot we should make sure
that we remain at the top,” said Mr. Gatera.
He further urged all staff to work even
harder if BK is to remain as the Best Bank in
Rwanda. CEO said the Bank has achieved all
this because of her values that are customer
centric and therefore he called on staff to be
Bank of Kigali staff and management tossing to congratulate CEO for the Doctorate Degree in Finance and Banking by the Commonwealth University of Belize
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result oriented, committed to the values,
goals, mission, vision and be proud to work
with the Best Bank in Rwanda.
Corporate Affairs Department spoke to
Chief Shared Services Officer Flora Nsinga
in order to understand the significance of
having such an event and she had this to
say. “The staff end of year party is a good
way of recognizing and rewarding staff
contribution over the previous 12 months.
It’s also a time to enjoy a drink, a dance and
office networking,” noted Flora. She further
said that the Bank has grown massively and
staffs have grown to over 800 hence very
essential to create moments when they can
interact among each other.
After the remarkable speeches the Mico
band took to the floor and entertained
the staff with different selections of music
from western classical, popular, jazz to the
traditional Rwandan songs. The music was
loud and the dance floor was creaking
under the sheer mass of gyrating bodies!
Everyone was having a fabulous time.
It was also a moment for BK Talents where
Jean Patrick Habyalimana the HR Manager
and Master of Ceremony of the day
welcomed all staff to take opportunity to
perform any talent of their choice; and off
he begun by singing, Africando-Aisha- Aicha
(Khaled)……Comme si je n’existais pas…!
the whole crowd was amazed with his rich
voice and guitar skills. All staff cheered to
him and others took a step to congratulate
him on stage. And just before he left the
stage there again he sang, “Talking about
Revolution….” by Tracy Chapman.
sang, “Cheers (Drink to that)” by Rihanna
Robin. She amazed the entire crowed with
her melodious voice. “What talents we’ve
got! Next time no need to higher musicians
because we have them already,” said Enock
Luyenzi Head of HR and Administration.
“It was a fantastic and relaxing day for
everyone! What a well organized and
fabulous feast for us and what a great time
we had!”said excited Sarah Kirenga the in
charge of Corporate Communications and
PR
The function which was held from 6.00
pm went on till morning and all staff was
thrilled with music, drinks and networking
among departments.
What an exciting moment it was. After he
left the stage there came another BK Talent
Jovania the Customer Care Consultant who
Bank of Kigali staff dancing to the beat
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Pictorial for this week - BK end of year Party
Weekly e -News Letter
Pictorial for this week - BK end of year Party
Weekly e -News Letter
Pictorial for this week - Staff of BK Musanze, Byangabo branches and Mobibank team celebrating their end of year party at Tam Tam beach-Rubavu
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