BANK OF AFRICA - RWANDA is a bank of reference in Rwanda, experienced and backed by a growing Pan-African Group. We listen and offer expertise and tailored solutions to our diversified client base.


BANK OF AFRICA – RWANDA is a private commercial bank that operates in Rwanda serving businesses/entities and individuals.

BANK OF AFRICA began operations in Rwanda in October 2015 after the acquisition of AGASEKE BANK which had been operating in Rwanda since November 2003.

The major shareholders of the bank include:

  • BANK OF AFRICA Group and ,
  • a private local shareholder,

BANK OF AFRICA – RWANDA is part of BANK OF AFRICA Group which opened in 1982 with its head office in Bamako, Mali but now in Dakar, Senegal.

As at 31st December 2020 it had a total balance sheet of Frw 95 390 million, total customer deposits of Frw 39 786 million with 178 effective employees.

In Rwanda, the bank now has 14 branches, including 8 branches in Kigali and 6 branches up country. (Muhanga, Huye, Musanze, Rubavu, Rusizi and Kayonza) and 1 outlet in Kigali.

Abderrahmane BELBACHIR scaled

Mr. Abderrahmane BELBACHIR,Managing Director of BANK OF AFRICA – RWANDA

The Bank of Africa Group

boa portrait dg group

Established over 35 years ago in Mali, BOA Group currently has a total of about 6,000 employees. In the year ended 31 December 2020, the Group recorded a consolidated balance sheet of EUR 8.7 billion and consolidated net income of EUR 102.7 million.

Since 2010, BANK OF AFRICA Group has been majority-owned by BMCE Bank (whose name recently changed to BANK OF AFRICA), the 3rd largest bank in Morocco. BMCE Bank brings strong strategic and operational support to BANK OF AFRICA Group, as well as direct access to international markets in view of its presence in Europe and Asia.

The BANK OF AFRICA Group is currently established in 18 countries, including 8 countries in West Africa (Benin, Burkina Faso, Ivory Coast, Ghana, Mali, Niger, Togo and Senegal), 8 countries in East Africa, East and in the Indian Ocean (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Rwanda, Tanzania), in the Democratic Republic of Congo, as well as in France, through a network of 17 commercial banks, 1 holding company, 2 regional holding companies, 1 investment companies, 2 technical assistance subsidiaries, 2 processing and IT assistance companies, and 1 representative office in Addis Abeba


BANK OF AFRICA – RWANDA Board of Directors is composed of :

  • Emmanuel NTAGANDA, President
  • Amine BOUABID
  • Henri LALOUX
  • Gilles MPORANYI
  • BOA Group reprensented by Abderrazzak ZEBDANI
boa nous connaitre

Get in Touch with us


The 26th Commemoration of the 1994 Genocide against the Tutsi

The official commemoration week will start on 7th April to 13 April followed by 100 days of commemoration which end on July 3rd 2020.

Read More


BANK OF AFRICA - RWANDA in the Moroccan press

Le Matin started a series of African country files, especially those where we are present.


Read More

would you like to contact us

Fill out the form and be contacted

icon6We will call you back within 48H



    Civility :
    You wish* :
    Contact by phoneContact via email
    You are* :
    An individualA company
    Already a customer ?* :

    (*) champ obligatoire