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<\/a><\/p>\n15 December 2011<\/p>\n
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Agaseke bank has posted an increase in net portfolio to Rwf6.5b in December this year compared to the same period last year the Business Times has learnt.<\/p>\n
The lender which was granted a commercial bank licence by the central bank early this year grew its net portfolio 49 per cent increase from Rwf3.2b in 2010 to Rwf6.5b.<\/p>\n
According to the bank’s figures, total assets grew by Rwf4.5b from Rwf3.5b in 2010 to Rwf8b.<\/p>\n
Formerly Micro Finance Institution (MFI), CFE SA AGASEKE was restructured into AGASEKE Bank Ltd. SORAS owns majority share holder in the lender with 75 per cent.<\/p>\n
The bank has introduced mobile banking to improve service delivery and compete well with other established commercial banks.<\/p>\n
On the bank’s platform, clients can be able check person account balance, pay their bills and transfer funds to different accounts among other.<\/p>\n
AGASEKE posted Rwf266m net profits this year, a 90 per cent rise compared to last year. Last year the lender posted Rwf239.4 m in net profits.<\/p>\n
It operates a network of 13 branches across the country with six located in Kigali and five upcountry all connected to one network.<\/p>\n
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