Unguka Bank

Unguka Bank
Private
Industry Banking
Founded 2005
Headquarters Kigali, Rwanda
Key people
 Faustin Byakunda
Managing Director
Products Loans, credit cards, savings, investments, mortgages
Revenue Increase Aftertax: US$387,000+ (RWF:230 million) (2010)[1]
Number of employees
 348

Unguka Bank Limited (UBL), commonly known as Unguka Bank, is a microfinance bank in Rwanda. It is one of the banks licensed by the National Bank of Rwanda, the country's banking regulator.[2]

Overview

As of June 2012, UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches.[3]

History

The institution was founded in 2005, as Unguka Microfinance Limited,[4] by 215 investors with total capital of about US$538,400 (RWF:321.1 million). In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited.[5]

Ownership

The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not widely publicly known. 35% shareholding is owned by Rural Impulse Fund (RIF) II.[6]

Branch network

As of June 2012, UBL maintains a network of 12 branches, including in the following locations:

  1. Nyarugenge Branch - Kigali
  2. Nyabugogo Branch - Kigali
  3. Remera Branch - Kigali
  4. Musanze Branch - Musanze
  5. Rubavu Branch - Rubavu
  6. Mukamira Branch - Nyabihu
  7. Ngororero Branch - Ngororero
  8. Gakenke Branch - Gakenke
  9. Kora Branch - Nyabihu
  10. Mahoko Branch - Rubavu
  11. Kabaya Branch - Nyabihu
  12. Muhanga Branch - Muhanga

See also

References

  1. ↑ Net Profit For 2010
  2. ↑ List of Licensed Commercial Banks In Rwanda
  3. ↑ Overview of Unguka Bank
  4. ↑ UBL Founded In 2005
  5. ↑ Unguka Receives MicroCommercial Banking License
  6. ↑ Rural Impulse Fund (RIF) II With 35% Shareholding
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