Editor, This is with reference to the article titled “BRD registers 92pc after tax profit”, The New Times, March 28.It is very encouraging to see the great strides being made by many banks in the country. Just recently, BCR won accolades from Global Finance and now we have the report that Rwanda Development Bank (BRD) has posted a record 92.8 per cent growth in profits after tax, netting in Rwf 2.7 billion in the 2011 financial year.For sure, Rwanda is developing a very robust banking sector and this reflects the overall healthy growth of the economy.The close monitoring by the Rwanda Development Board (RDB) of the various developmental projects in the country further strengthens the investment climate and develops the desired confidence in the minds of prospective investors. RDB’s role in protecting the interests of investors is also laudable.With such security as regards investments, Rwanda will keep its reputation as a preferred investment destination.Clarence Fernandes
