| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2014 |
| Headquarters | Kigali, Rwanda |
Key people | Edigold Monday [1] Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$13.7 million (UGX:38.1 billion) [2] (2014) |
| Website | Homepage |
Crane Bank Rwanda was a commercial bank in Rwanda, licensed by National Bank of Rwanda, the central bank and national banking regulator. [3] In June 2017, the Commercial Bank of Africa signed an agreement to acquire the assets to Crane Bank of Rwanda, pending regulatory approval. [4]
The bank began operations on Monday 30 June 2014, having received a full unrestricted banking license from NBR, one year earlier. [5] The estimated total asset valuation of the institution at December 2014 was approximately US$13.7 million, with shareholders' equity of approximately US$8.6 million. [2] The official exchange rate at 31 December 2014 was USh2,778 = US$1.00. [6]
Crane Bank Rwanda was a 100% subsidiary of Crane Bank, the 3rd largest commercial bank in Uganda, the largest indigenous commercial bank in the country, with approximately US$620 million in total assets at December 2014. [2]
In May 2017, CBA Rwanda, a microfinance institution, made public its intention to acquire Crane Bank Rwanda, a commercial bank, whose parent company in Uganda had been sold and the buyers of the parent did not want to keep the Rwandan subsidiary. [7] On 15 June 2017 the CBA Group signed a definitive sale and purchase agreement with DFCU Bank, the owners of Crane Bank Rwanda. The acquisition required regulatory approval in Rwanda, Kenya and Uganda. [8]
In February 2018, following approval by the National Bank of Rwanda, the Central Bank of Kenya and the Bank of Uganda, the CBA Group took over Crane Bank Rwanda. The acquired assets and liabilities, including three operational branches in Kigali, are expected to be merged with the existing micro-finance operations of CBA Rwanda. [3]
Crane Bank Rwanda was a member of the Ruparelia Group, A Uganda-based conglomerate, that included a bank, insurance companies, foreign exchange bureaux, schools, radio stations, a university, hotels and resorts. In October 2016, the Bank of Uganda took over the administration of Crane Bank and its subsidiaries, due to under-capitalization. In January 2017, DFCU Bank purchased the assets and liabilities of Crane Bank. [4] Crane Bank Rwanda was sold to the Commercial Bank of Africa Group in February 2018. [3]
As of July 2015 [update] , CBR maintains the following branches: [2]
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.
DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator.
Crane Bank Limited is a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion on grounds that it was undercapitalized as declared by the regulator Bank of Uganda.
KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.
Sudhir Ruparelia is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.
Bank of Kigali (BK) is a commercial bank in Rwanda. It is licensed by the National Bank of Rwanda.
BPR Bank Rwanda PLC, formerly Banque Populaire du Rwanda SA, is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
I&M Bank Rwanda Plc., is a commercial bank in Rwanda that is licensed by the National Bank of Rwanda. It is the second largest bank in Rwanda.
I&M Holdings Limited, also I&M Bank Group, is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Mauritius, Rwanda, Tanzania and Uganda. The flagship company of the group is I&M Bank Limited, with headquarters in the I&M Bank Tower on Kenyatta Avenue in the central business district of Nairobi, Kenya's capital and largest city.
NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.
Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Commercial Bank of Africa Group is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
NCBA Bank Tanzania Limited, is a merged bank between Commercial Bank of Africa (Tanzania) and NIC Bank Tanzania. It is a commercial bank in Tanzania licensed by the Bank of Tanzania, the central bank and national banking regulator.
Edigold Monday, a Ugandan accountant, businesswoman, bank executive, and educator. She is the Uganda Country Director of Sparkassen-Finanzgruppe's foundation for international cooperation ., since December 2018.
Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast.
NCBA Bank Uganda Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the country's central bank and national banking regulator.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
NCBA Bank Rwanda, formerly Commercial Bank of Africa (Rwanda), is a commercial bank in Rwanda. NCBA Bank Rwanda is one of the Kenyan-owned bank subsidiaries to launch operations in Rwanda. The bank is a subsidiary of the NCBA Group Plc, a financial services group with headquarters in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
| Currency | |
|---|---|
| Communications | |
| Industries | |
