The birth of the bank
Bank of Kigali was established on December 22, 1966, as Rwanda began shaping its future as an independent nation. In partnership with Belgolaise, a Belgian bank, the Rwandan government created Bank of Kigali to drive economic development, holding a 50% stake. The bank opened in 1967, providing essential services to individuals, businesses, and the government.
Growth and expansion
Throughout the 1980s and 1990s, Bank of Kigali steadily expanded its reach across Rwanda, providing financial support to key sectors such as agriculture, trade, and industry. The bank’s expansion during this period was marked by the establishment of new branches in key towns and cities, bringing banking services closer to the people.
Building a nation
In 1994, Rwanda faced one of the darkest periods in its history with the genocide against the Tutsi. The country was left devastated, with its economy in ruins and its people in desperate need of support. During this critical time, Bank of Kigali emerged as a beacon of hope, playing a vital role in the nation’s recovery and rebuilding efforts. In the aftermath of the genocide, the bank focused on restoring financial stability and providing essential services to help Rwandans rebuild their lives. Bank of Kigali extended credit to small businesses, farmers, and entrepreneurs, giving them the means to restart their livelihoods. The bank also supported key sectors such as agriculture, trade, and infrastructure, helping to lay the foundation for Rwanda’s economic recovery.
Expanding our reach
As Rwanda began to heal and rebuild, Bank of Kigali expanded its reach across the country, opening new branches and bringing banking services closer to the people. Between 1994 and 2007, Bank of Kigali’s efforts contributed significantly to Rwanda’s economic resurgence. By providing access to capital, encouraging savings, and supporting government initiatives, the bank helped to stabilize the economy and foster growth. This period of rebuilding showcased the bank’s resilience and its deep commitment to Rwanda’s future.
A new dawn
In 2007, as Rwanda continued to rebuild and modernize, the government initiated the privatization of Bank of Kigali. This move allowed the bank to attract private investment and further enhance its operations. The pivotal moment came in July 2011, when Bank of Kigali became the first Rwandan bank to be listed on the Rwanda Stock Exchange. This landmark Initial Public Offering (IPO) opened up new opportunities for growth, with investors eager to be part of the bank’s future. The success of the IPO marked a significant step forward in the bank’s journey.
Leading digital revolution
The launch of the BK Mobile App marked a new era in our history. This app offers customers a seamless, user-friendly experience, allowing them to manage their accounts, transfer funds, pay bills, and access a wide range of banking services directly from their smartphones. This app has made banking more accessible, especially for those in remote areas, ensuring that every Rwandan can enjoy the benefits of modern financial services.
Internet Banking
Internet Banking has further expanded the bank’s digital offerings, providing customers with 24/7 access to their accounts from any internet-enabled device. This platform allows users to perform transactions, check balances, and manage their finances with ease and security. The convenience and efficiency of these digital services have empowered customers, making banking faster, more efficient, and more aligned with the demands of modern life.
A continuous legacy
Today, Bank of Kigali is the largest financial institution in Rwanda, with an extensive network of branches and ATMs across the country. Our commitment to excellence and innovation has earned us numerous accolades, including the title of “Best Bank in Rwanda” from various international organizations. As we look to the future, Bank of Kigali remains dedicated to empowering individuals, supporting businesses, and contributing to Rwanda’s continued growth and prosperity. Bank of Kigali’s story is one of resilience, innovation, and a deep commitment to the people of Rwanda. As we continue to evolve and grow, our mission remains the same: to be a trusted partner in Rwanda’s journey toward a brighter future.
