The Rwanda Bankers’ Association (RBA) has unveiled its inaugural State of the Banking Industry Report (SBIR) during an event at the Kigali Marriott Hotel on July 11, 2024. Attended by bank CEOs, officials from the National Bank of Rwanda, regulatory bodies, microfinance and insurance institutions, as well as regional and international financial development organizations, the launch highlighted the collaborative effort behind the report.
Tony Francis Ntore, CEO of RBA, emphasized the report’s comprehensive insights into Rwanda’s banking sector, covering trends, market dynamics, profitability, and sectoral evolution. He underscored the significant contributions of the RBA Research Center and member banks in producing the report.
The SBIR offers a thorough analysis of Rwanda’s banking landscape, examining key performance indicators, asset quality, liquidity, profitability trends, and the impact of regulatory changes, technological advancements, and macroeconomic factors on the industry. Its objective is to inform stakeholders, support strategic planning, and foster the stability and growth of Rwanda’s banking sector.
Dr. Diane Karusisi, 1st vice-chairperson of RBA, emphasized the association’s strong commitment to advancing Rwanda’s banking industry through rigorous data gathering, analysis, and utilization. She remarked, “This milestone not only reflects the hard work and dedication of our research team but also underscores the resilience and collaborative spirit of our association.”
Jean Bosco IYACU, CEO of Access to Finance Rwanda (AFR), expressed full support for the initiative, highlighting AFR’s partnership with RBA in establishing the RBA Research Centre. He emphasized, “The research center is pivotal in providing crucial insights to drive innovation and growth in Rwanda’s banking sector.” Jean Bosco also stressed the importance of incorporating insights from the #FinScopeSurvey 2024 to enhance financial inclusion, enabling the banking industry to develop targeted products for marginalized communities.
