Cogebanque, a leading financial institution, hosted a grand "Clients Appreciation Gala" on Friday, May 19, to honor its valued clients.
The extravagant event served as a platform to celebrate the exceptional partnership between Cogebanque and its clients, recognizing their collective achievements and shared success.
The highlight of the evening was the announcement of Cogebanque's remarkable growth and financial performance. Notably, the bank witnessed a substantial increase in its income, soaring from Rwf5 billion in 2021 to an impressive Rwf9 billion in 2022.
This significant growth reflected the bank's relentless commitment to providing excellent financial services and nurturing strong relationships with its clients.
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Cogebanque&039;s success story was further reinforced by the recorded profit before tax of Rwf13.2 billion, representing a remarkable year-on-year increase of 66.8%.
This growth was primarily driven by a notable rise in net operating income. With an 8% increase in total interest income and a 2.3% decrease in interest expenses, the bank experienced a commendable 12.6% increase in net interest income.
Ebenezer Essoka, Chairperson of the Board of Directors at Cogebanque, assured the clients of unwavering support and the bank's commitment to expanding its banking services, even in remote areas of Rwanda.
He emphasized the special significance of the gala, as it celebrated the mutually beneficial relationship between the bank and its clients.
Guillaume Ngamije Habarugira, CEO of Cogebanque, expressed pride in the bank's journey over the past 23 years and its unwavering dedication to providing exceptional services to its clientele.
He encouraged clients to share their visions and aspirations for the future, enabling the bank to extend a helping hand in realizing their dreams.
The gala was attended by esteemed clients who have been with Cogebanque throughout its journey, as well as new clients who recently joined the Cogebanque family.
Songa Rwamugire, Acting Commercial Director and Head of Corporate Banking, acknowledged the clients' unwavering trust and support, which had been instrumental in the bank's success and its positive impact on the Rwandan market.
"We are committed to fostering meaningful connections beyond traditional banking boundaries," he said.
The gala provided an opportunity for establishing new connections. Attendees were encouraged to set aside any competitive concerns and simply enjoy the evening, forging stronger relationships.
Benjamin Gasamagera, CEO of Safari Center, a longstanding client of Cogebanque for the past 21 years, commended the bank&039;s growth, drawing parallels between its journey and the country's history.
He expressed gratitude for the bank's support throughout their entrepreneurial journey, affirming their intention to continue banking with Cogebanque for years to come.
The evening was filled with entertainment, including captivating music, delightful drinks, and delectable food.
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Clients of Cogebanque had the opportunity to interact and connect with each other, fostering a sense of camaraderie and celebration. As a token of appreciation, each client received a complimentary gift bag at the end of the night, symbolizing the bank's gratitude for their continued loyalty and trust.
Established in 1999, Cogebanque has emerged as one of the fastest-growing banks in Rwanda. With 28 branches, over 650 agents, and 36 ATMs spread across the country, Cogebanque provides comprehensive banking services to corporate, SME, and retail customers.
Leveraging various delivery channels such as mobile banking, cards, and internet banking, Cogebanque strives to cater to the diverse financial needs of its clients.