Khartoum (Sudan), 12th June 2016 – The Development Bank of Rwanda (BRD) has entered into a US$15 million facility agreement with the Arab Bank for Economic Development in Africa (BADEA) to boost the Bank’s lending to the private sector. The signing ceremony was held on Sunday 12th June 2016 in Khartoum (Sudan) at BADEA’s headquarter. [...]
BRD awarded among the best performing DFIs in Africa Lusaka May 24, 2016 – Lusaka Development Bank of Rwanda (BRD) has been recognized among the top 10 best performing development finance institutions (DFIs) in Africa at the ongoing 42nd Ordinary General Assembly meeting of the Association of African Development Finance Institutions (AADFI) in Lusaka, Republic [...]
During the course of the year 2015, Development Bank of Rwanda (BRD) concluded its restructuring process to align the bank’s operations and management to its new expanded and refocused mandate of a purely Development Finance Institution (DFI) following the disposal of the commercial retail banking activities (equivalent to 31% of its business) to Atlas Mara [...]
The following is a timeline of events leading to the acquisition of a portion of BRD's assets to Atlas Mara 6th April 2014 The Government of Rwanda, Rwanda Social Security Board (“RSSB”), National Agricultural Export Development Board (“NAEB”), and Development Bank of Rwanda (“BRD”) have today signed with Atlas Mara Co-Nvest Limited (“Atlas Mara”) a [...]
As the Government of Rwanda’s investment arm, BRD’s financial development objectives focused on the priority sectors of the economy. It aimed at becoming the first stop for all long term investments into Rwanda’s key sectors and to be the prime driver of viable private sector investments. BRD has long been and is still the main [...]
As a pure Development Bank, BRD will prioritize offering its clients holistic support including loans, matching grants, guarantee facilities, equity financing, advisory and technical assistance. Partnering with key institutions to deliver these offerings will ensure efficiencies. This will include working with commercial banks to serve as a catalyst for the overall financial sector. Loans The [...]
The benefits generated by the BRD’s compliance function are: good relationship with regulators, avoid fines, best quality of service offered to customers, advise line business management in discharging the bank’s regulatory obligations and an oversight role in monitoring business activities. While monitoring the compliance as well as providing required information to key stakeholders, the compliance [...]
In order to have an effective compliance function, the compliance unit prepares a compliance program which is amended by management prior approval by the board of directors. Quarterly, the board receives compliance reports for information and decision making. After approval of the compliance program, the compliance officers conduct a deep analysis of selected regulations (or [...]
The expenditures will be aligned to the growth of business and profitability of the Bank and in compliance with the regulations. During the period 2016-2018, the Bank will upgrade its physical assets (premises, vehicles, equipment, etc.) by adequate maintenance, disposal of those worn out. The 1st floor of headquarters building will be repartitioned to make [...]
Knowledge Management is the deliberate and systematic coordination of an organization’s people technology, processes, and organizational structure in order to add value through reuse and innovation. Bank’s efforts will be largely concerned with capturing codifying, and sharing the knowledge held by people in the Bank. The motive of the Bank Management are obvious; to avoid [...]
