Our History

/Our History

Development Bank of Rwanda (BRD), is a Public Company Limited by Shares, with a share capital of RWF 57,808,931,000, registered at the Officer of the Registrar General, whose company code n° 100003547.

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.

June 2014

Post-Genocide phase (1995-2000)

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 [...]

February 2014

Maturity phase (1988 – 1994)

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 [...]

May 2013

Establishment and development phase (1968 – 1987)

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 [...]