Our History

/Our History

Development Bank of Rwanda (BRD), is a Public Company Limited by Shares, with a share capital of RWF 7,808,931,000, registered at the Officer of the Registrar General, whose company code n° 1000003547.

The Bank was incorporated on August 5, 1967; however, its incorporation certificate was issued on 7/7/2011 while a banking license n°003 was issued by the National Bank of Rwanda on August 11, 2009.

For more than four decades, BRD has been the sole provider of long term finance and has significantly facilitated the emergence of different productive enterprises in the private sector.

May 2016

Adoption of new Strategic Plan 2016-2020

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 [...]

BRD Commercial sold 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 [...]

Sustaining growth and Innovation phase (2010-2014)

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 [...]

April 2016

Acquisition of BHR

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 [...]

Merger of BAS and BDF

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 [...]

May 2015

Growth and Innovation phase (2000-2009)

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 [...]