Banque Populaire du Rwanda: A loan to support the country’s private sector
Rwanda
Banque Populaire du Rwanda is a major banking player in Rwanda. PROPARCO is supporting the bank's ambitious plan to support companies in the country, especially SMEs. The project will contribute to financial inclusion and to the diversification of Rwanda's financial sector.
Client presentation
Banque Populaire du Rwanda (BPR) is Rwanda’s main privately-owned commercial bank, with a market share of some 15%. BPR operates in the retail banking segments and on the corporate lending market. Following the takeover of the bank by Atlas Mara, BPR has defined an ambitious growth plan, which aims to finance companies (particularly SMEs) in Rwanda.
Project description
PROPARCO and FMO have both invested EUR 30m in Banque Populaire du Rwanda (BPR). This funding aims to finance BPR’s ambitious growth plan. The amount allocated in the form of a loan was arranged by PROPARCO.
Project impact
The project will contribute to financial inclusion and to the diversification of the financial sector, in a country where 32% of the population does not have access to basic financial services and products. The project will help strengthen the private sector by financing Rwandan SMEs mainly operating in the trade and building sectors.
10/16/2017
Date of signature of the project
Sectors
Rwanda
Location
Financing tool
12 705 404
Euros
Amount of funding
Loan of 15,000,000 USD
Banque populaire du Rwanda
Head office country
PRW1002
CES
-
News
SignatureProparco and FMO commit USD 30 million to Banque Populaire du Rwanda (part of Atlas Mara Group) to support the Rwandan private sector
Published on 16 October 2017 -
on the same region
-
on the same topic
-
on the same financial tool
