Financial Crime World

Rwanda Central Bank Seeks Information on New Banking Institution

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The National Bank of Rwanda (BNR) has issued a questionnaire to applicants seeking to establish a new banking institution in the country. The document requires detailed information about the organization’s structure, shareholding, and corporate governance.

Organisation Chart

Below is an indicative organizational chart for the proposed banking institution:

  • Board of Directors

    • Chairman: [Name], [Title]
    • Deputy Chairman: [Name], [Title]
    • Director: [Name], [Title]

  • Executive Management Team

    • Managing Director: [Name], [Title]
    • Chief Operating Officer: [Name], [Title]
    • Chief Financial Officer: [Name], [Title]
    • Head of Risk Management: [Name], [Title]

  • Departments/Divisions

    • Retail Banking
      • Manager: [Name], [Title]
    • Corporate Banking
      • Manager: [Name], [Title]
    • Treasury and Markets
      • Manager: [Name], [Title]
    • Risk Management
      • Manager: [Name], [Title]

Functions

Each department/division is responsible for the following functions:

  • Retail Banking: provides banking services to individual customers, including deposit-taking, lending, and card services.
  • Corporate Banking: provides banking services to corporate clients, including cash management, trade finance, and treasury solutions.
  • Treasury and Markets: manages the institution’s liquidity, foreign exchange, and interest rate risk exposure.
  • Risk Management: identifies, assesses, and mitigates potential risks faced by the institution.

Staff

The proposed institution plans to employ a total of [number] personnel, including:

  • 20 in Retail Banking
  • 15 in Corporate Banking
  • 10 in Treasury and Markets
  • 5 in Risk Management

Qualifications of Substantial Shareholders, Directors, and Officers

Please find attached the personal declaration forms for each substantial shareholder, director, and officer, along with their qualifications:

  • [Name], Chairman: [Degree/Certification], [Years of Experience]
  • [Name], Managing Director: [Degree/Certification], [Years of Experience]

Shareholding in Any Other Financial Institution

Please find attached the information sheet for each substantial corporate shareholder:

  • [Company Name]: owns 10% of the proposed institution’s shares.

Powers and Purposes

The Memorandum and Articles of Association can be found on our website at www.bnr.rw. The latest copies have been submitted to the Central Bank.

Additional Information

Please find attached answers to questions 11-21 in the questionnaire:

  • Question 11: Our bankers for the last ten years are [Bank Name] and [Bank Name].
  • Question 12: Our external auditors are [Auditor Firm], and we have given authority to carry on business activities in Rwanda through [Authority Name].