The Rwandan financial sector comprises of insurance services and banking (commercial banks, development banks and microfinance institution).

The banking sector has seen tremendous growth over the past 5 years and seen increased participation by multinational banks and foreign equity. The market capitalization of the banking sub sector is  US$200 million supporting US$1 billion in assets

There is a Financial Sector Development Program that is aimed at deepening financial services and increasing the reach of financial services to the Rwandan population. 14% of Rwanda’s adult population is banked (518 million persons) which offers investment opportunities for investors keen on reaching untapped markets.

Key players in the banking sector are Access Bank, Banque Commerciale du Rwanda, Banque de Kigali, Banque Populaire du Rwanda, Ecobank, and KCB. Key players in the Insurance sub sector are AAR, COGEAR, CORAR, RAMA, MMI, SONARWA, and SORAS

Minimum capital requirements is currently US$ 8.5million for establishing banking operations and the sector is regulated by the National Bank of Rwanda.

 

Useful links

Ministry of Finance and Economic Planning

National Bank of Rwanda

 

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