BCR was acquired by Actis, a leading private equity investor in emerging markets, in 2004 at $6.05m

Commercial Bank of Rwanda (BCR), the country’s third largest, by market share has promised clients, an improved services and a rollout of more branches.

"Our branch network has seen tremendous improvements undertaken through refurbishments. 2009 shall see a more enhanced better image for BCR,” said Nkhosana Moyo Chairman of the Board at the bank’s clients’ party at Kigali Serena hotel on Tuesday. The bank was rewarding its clients.

Moyo said, "The past three years have been both a challenge and learning experience for us. We have seen the growth of BCR through a time when modern banking was just beginning and to put its firm roots into the ground, today when the market has opportunity to make choice,” Moyo said.

"We would like to take you a broad our financial ship so that you may experience the pleasure of banking with us. We believe that our values, mission and vision, shall carry you and us to the next level of financial development and in turn the development of our country”.

BCR was acquired by Actis, a leading private equity investor in emerging markets, in 2004 at $6.05m. Since then it has introduced a number of banking services which include, mortgage finance, phone banking, online and SMS banking services.

It has also set up the business banking unit to address the issue of the SME sector in Rwanda, one of the fastest growing industries in the country.

In February this year, BCR also issued the first ever corporate bond in Rwanda which is currently listed on the Rwanda Over the counter market.

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