our-history

/our-history

Adoption of new Strategic Plan 2016-2020

By | May 5th, 2016|our-history|

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 [...]

BRD Commercial sold to Atlas Mara

By | May 5th, 2016|our-history|

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 [...]

Sustaining growth and Innovation phase (2010-2014)

By | May 4th, 2016|our-history|

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 [...]

Acquisition of BHR

By | April 5th, 2016|our-history|

On the 26th April 2011, BRD officially acquired Banque de l’Habitat du Rwanda (BHR) in a ceremony hosted by Honorable Minister of Finance and Economic Planning, Mr. John RWANGOMBWA. The objective of this acquisition was to achieve sustainable growth by making BRD a stronger and better positioned bank which provided long-term loans, housing loans, mortgage re-financing [...]

Merger of BAS and BDF

By | April 3rd, 2016|our-history|

Since March 2011, BRD Advisory Services (BAS Ltd) and BRD Development Fund (BDF Ltd) companies were merged to form a new company called BDF Ltd. The two former companies were BRD wholly owned subsidiaries tasked with the mission of providing services and products that boost the development of SME’s in Rwanda. The new company remained [...]

Growth and Innovation phase (2000-2009)

By | May 4th, 2015|our-history|

This phase ensues from the necessity for the Bank to contribute to the recapitalization and the monetization of the rural area, in the increase of the export against of challenges of the Rwandan Economy imposed by the needs of fast and long-lasting growth to fight poverty. In fact more than 90 % of the population lives [...]

Post-Genocide phase (1995-2000)

By | June 4th, 2014|our-history|

After the 1994 genocide against the Tutsi, there were catastrophic results that followed and the bank continues to shoulder a burden of more than 50% of its portfolio constituting non- performing loans consequential from the 1994 genocide. An amount of loans totaling Rwf6.8 billion, 115 operations; Rwf6.7 billion in 112 lines of credit; Rwf156.4 million in [...]

Maturity phase (1988 – 1994)

By | February 4th, 2014|our-history|

During this period, the Bank disbursed loans totaling: Rwf4. 6 billion in 873 lines of credit; Rwf84.5 million in equity shares in 7 productive ventures. It generated an investment volume of Rwf15.7 billion with a creation of employment for 9,094 people and value added to the economy of Rwf8, 5 billion. The priority areas for [...]

Establishment and development phase (1968 – 1987)

By | May 4th, 2013|our-history|

During the years 1968 to 1970, the Bank was being established and no projects were financed. In the four years that followed, the Bank recorded major loans on vehicles (pick-ups) and grinding mills. The financing of the vehicles extended all over the country and marked a crucial step towards improving accessibility of goods in the [...]