BANK OF AFRICA – RWANDA brings its share capital to Frw 20 billion (17,5 M €) after its shareholders inject Frw 7.4 billion (6,5 M €) in December 2021. This move was approved in the shareholders meeting to comply with regulatory requirements.

The raised capital is a sign of trust in the growth of the bank by the shareholders and a way to strengthen its ability to provide financial solutions to its customers.

With the raised capital, the bank is currently positioned to meet market demands and sufficiently respond to the needs of customers.

According to the bank’s management, the Frw 7.4 billion raised from shareholders last year is a testament of confidence and ability of the bank to serve the Rwandan market, contribute to the growth of the Rwandan economy, and a proof of continuous growth of the bank as one of the many subsidiaries of BOA Group.

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