The tariff of BRD services applicable in 2020.

DEVELOPMENT BANK OF RWANDA (BRD) TARIFF 2020
# FEE ITEM FEE & CALCULATION (VAT exclusive)
LENDING SERVICES
1 Interest rate on loans BRD Base rate + Risk premium.
2 Service Commission Fee 1% of requested loans between FRW 50 M – 1Bi. ;
0.75% of requested loans between FRW 1Bi.(+1) – 3Bi.;
0.5% of requested loans above Frw 3Bi.
3 Commitment Fee 1% per annum on the loan remaining undrawn amount. Commitment fee shall start to accrue 60 days from the date of signing the facility agreement and shall be paid quarterly.
4 Management Fee 1% per annum of any disbursed and outstanding loan amount payable on each instalment payment date.
5 Penalty Fee Up to 4% per month on any amount in arrears. It is payable on each reimbursement date.
6 Restructuring Fee 1% of the loan amount to be restructured.
7 Prepayment Fee Up to 5% of the principal outstanding loan amount.
8 Cancellation Fee 1% of any aggregate principal amount cancelled or not drawn down after loan signature.
9 Waiver Fee FRW  200 000 or equivalent in USD/EUR for any material waiver in the signed loan agreement.
TRADE FINANCE (for BRD clients)
1. GUARANTEES
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 25,000 per SWIFT
LC amendment
Amendment on LC amount/increasing commission
Covered amount/amendment commission 0.5% per amendment
Non covered amount / amendment commission 1% per amendment
Amendment on LC duration/extension commission
Covered amount / amendment commission 0.5% per amendment
Non covered amount / amendment commission 1% per amendment
Other LC modification (commission on covered or uncovered amount) FRW 25,000
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 25,000
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 FRW300,000
Modification commissions FRW 15,000
SWIFT charges FRW 25,000
4.  IMPORT DOCUMENTARY COLLECTION
Opening of import collection document FRW 10,000
Unpaid bills supervision FRW 10,000 monthly
Payment commissions 0.5%; Max FRW 250,000
SWIFT message FRW 10,000
5.  EXPORT DOCUMENTARY COLLECTION
Opening of export collection document FRW 10,000
Payment receipt 0.5%; Max FRW 250,000
SWIFT message FRW 10,000
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 10,000

Done at Kigali, 10 December 2019

Eric Rutabana

Chief Executive Officer

Click here to view BRD_Tariff_2020

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.