-
Financial_Statements_for_Quarter_1_year_2022
-
Financial_report_for_the_year_2021
-
Financial_report_for_the_year_2020
-
Financial_report_for_the_year_2019
-
Financial_report_for_the_year_2018
-
Financial_report_for_the_year_2017
-
Financial_report_for_the_year_2016
-
Financial_report_for_the_year_2015
-
Financial_report_for_the_year_2014
-
Financial_report_for_the_year_2013
-
Financial_report_for_the_year_2012
-
Financial_report_for_the_year_2011
DEVELOPMENT BANK OF RWANDA (BRD) TARIFF 2022 |
||
FEE ITEM |
PRICING |
|
LENDING SERVICES |
||
1 |
Interest rate on loans | BRD Base rate + Risk premium (Base rate is reviewed quarterly and published officially on the BRD Website) |
2 |
Service Commission Fee | 1% of requested loan between Frw 50-1Bn; |
0.75% of requested loan between Frw 1Bi (+1)-3Bn; | ||
0.5% of requested loan above Frw 3Bn. | ||
3 |
Commitment Fee | 5% per annum on the planned undisbursed amount which shall start to accrue 60 days from date of signing loan agreement, and the following month from the date of planned drawdown, payable as per loan repayment plan. |
4 |
Management Fee | 0.1% per month for loans between Frw 50M-1Bn |
0.08% per month for loans above Frw 1Bn; The above shall apply to any disbursed and outstanding loan amount, payable on each reimbursement date. | ||
5 |
Penalty Fee | 4% per month on any amount in arrears. |
It is payable on each reimbursement date. | ||
6 |
Restructuring Fee | 1% of the amount to be restructured between Frw 0 -1Bn; |
0.5% of the amount to be restructured above Frw 1Bn. | ||
7 |
Prepayment Fee | Up to 9% of the outstanding loan amount (purchased by other financial institutions). |
8 |
Cancellation Fee | 1% of the aggregate principal amount cancelled or not disbursed after loan contract signature. |
9 |
Waiver Fee | Frw 200,000 or equivalent USD/EUR for any material waiver in the signed loan agreement. |
OTHER SERVICES |
||
10 |
Confirmation fees (correspondences and certificates) | Frw 21,186 per request. |
11 |
Information fee on loan | Frw 21,186 for each loan type requested and each year requested |
TRADE FINANCE FOR BRD CLIENTS |
|
1. GURANTEES |
|
Bank guarantees (covered by cash collaterals) | 0.5 % per quarter |
Bank guarantees (covered by noncash collaterals) | 1 % per quarter |
2. IMPORT LETTER OF CREDIT |
|
LC Issuing | |
Covered amount/Issuing commission | 0.4%; Min Frw 30,000 per quarter |
Non covered amount/Issuing commission | 1%; Min Frw 50,000 per quarter |
Acceptance fees | |
SWIFT charges (covered or uncovered) | Frw 30,000 per SWIFT |
LC amendment | |
amount/increasing commission | 0.5% value of the outstanding LC amount |
Covered amount/amendment commission | 0.5% value of the outstanding LC amount |
Non covered amount / amendment commission | 1% value of the outstanding LC amount |
Duration/extension commission | |
Covered amount / amendment commission | 0.5% value of the outstanding LC amount |
Non covered amount / amendment commission | 1% value of the outstanding LC amount |
Other LC modification (commission on covered or uncovered amount) | Frw 30,000 |
SWIFT charges | |
Cancelling commission (covered or uncovered) | Frw 30,000 |
Payment | |
Covered amount / payment commission | 0.3%; Min Frw 30,000 |
Non covered amount / payment commission | 0.3%; Min Frw 30,000 |
SWIFT charges (covered or uncovered) | Frw 30,000 |
Exchange rate (covered or uncovered) | Applicable Commercial Bank Exchange Rate |
3. EXPORT LETTER OF CREDIT |
|
Opening commission | |
Advising commissions | Frw 25,000 |
Confirmation commissions | 0.3%; Min Frw 50,000; Max Frw 200,000 |
Payment commissions | 0.3%; Min Frw 50,000; Max Frw 300,000 |
Modification commissions | Frw 15,000 |
SWIFT charges | Frw 30,000 |
4. IMPORT DOCUMENTARY COLLECTION |
|
Opening of import collection document | Frw 30,000 |
Unpaid bills supervision | Frw 10,000 monthly |
Payment commissions | 0.5%; Max Frw 250,000 |
SWIFT message | Frw 30,000 |
5. EXPORT DOCUMENTARY COLLECTION |
|
Opening of export collection document | Frw 30,000 |
Payment receipt | 0.5%; Max Frw 250,000 |
SWIFT message | Frw 30,000 |
6. INTERNATIONAL TRANSFERS |
|
Local transfers in USD | Free |
Outgoing transfers | 0.3%; Min Frw 20,000; Max Frw 100,000 |
Incoming transfers | 0.2%; Min Frw 5,000; Max Frw 25,000 |
SWIFT charges on transfers | Frw 30,000 |
Trade finance tariff is exclusive of correspondent Bank Charges
Fees and charges on this Tariff are VAT Exclusive
This Tariff will take effect from 1st July 2022
Done at Kigali, 24th June 2022
Kampeta Sayinzoga
Chief Executive Officer
Click here to get BRD_Tariff_2022
Click here to view Environmental Safeguard documents:
- ESMF_Rwanda_Renewable_Energy_Fund_Project
- Environmental and Social Commitment Plan (ESCP) Access to Finance for Recovery and Resilience Project
- Environmental and Social Management Framework for AFIRR Project
- BRD Environmental and Social Management Systems Executive Summary
Click here to view Social Safeguard documents:
Mission
A trusted strategic partner for Rwanda’s development that offers financial solutions for enhanced value to our stakeholders.
Vision
To be an innovative and sustainable provider of development finance for socio-economic impact.