The Development Bank of Rwanda, known by its French acronym BRD for Banque Rwandaise de Developpement, is a parastatal development institution incorporated on August 5, 1967 and licensed by the National Bank of Rwanda. It provides long term financial services in support of national development, and as of 2011 its total assets were about 122 million US dollars. It is structured as a public company whose shares are held by the government of Rwanda, Rwandan public enterprises, private institutions and international development finance organizations including the French Development Agency, the German Investment Corporation and the Netherlands Development Finance Company.
Facts
Founding Year Founding Date Headquarters Classification
Institution Subtype Geography
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Sources
1. Rwanda Development Bank (Wikipedia)
Rwanda Development Bank, Overview section
The bank began its operations in 1967, as a long-term financial services provider, with the financing geared towards national development projects.
Lead sentence
Development Bank of Rwanda, commonly referred to by its French name Banque Rwandaise de Développement (BRD), is a development bank in Rwanda.
Lead section
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.
Rwanda Development Bank, Branches section
The bank maintains one location at their headquarters: Headquarters - Kigali
View the Source2. Wikipedia
Wikimedia Foundation- Founding Year: 1967
- Founding Date: 1967-08-05
- Headquarters: Kigali, Rwanda
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