Zigama Credit and Savings Society posted strong earnings last year indicated by a net profit of Rwf2.4 billion. According to its financial report, the cooperative bank’s loan portfolio also grew by 23 percent, resulting to an increase of Rwf59.2 billion in 2012 up from Rwf48.3 billion."In terms of total assets, there was 19 percent increase from Rwf76 billion in 2011 to Rwf90 billion in 2012. Zigama CSS’ total income continued to increase sharply from Rwf 10 billion in 2011 to Rwf12 billion in 2012 representing 11.7 per cent increase,” James Ndahiro, the bank’s board chairperson said last week during the bank’s annual general assembly."We had a projection of Rwf3.5 billion profit before tax but instead generated Rwf3.6 billion; this shows the bank’s resilience and its commitment towards serving its clients,” he said.The bank currently operates 20 branches countrywide and according to Ndahiro, plans to expand are in the pipeline. Speaking to the Business Times, Army spokesperson, Brigadier General Joseph Nzabamwita said that the bank gave its clients’ welfare and service provision more priority than the profit."Zigama CSS contributes a lot towards the country’s macro-economic stability and this profit gives a good picture of how the bank is striving to achieve that.”Zigama CSS was established in 1997 with a mission to improve the welfare of military families. In 2011, it received a commercial banking license from the central bank and since then, the cooperative bank accepted membership from Rwanda Police Force and Rwanda Correctional Services.