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.
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.
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.
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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 -
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