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 2021 it had a total balance sheet of Frw 123 979 million, total customer deposits of Frw 48 804 million with 182 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.

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Mr. Vincent ISTASSE, Managing Director of BANK OF AFRICA – RWANDA

The Bank of Africa Group

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Historical leadership, pan-African success, international expansion


BANK OF AFRICA Group (BOA Group) is currently present in 18 countries: 8 in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean region(Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Rwanda, Tanzania), 2 in central Africa (Africa the Democratic Republic of Congo and Congo) and France. The BOA Group network of 19 commercial banks, 1 global holding company, 2 regional holding companies, 1 investment company, 2 technical support subsidiaries, 2 processing and IT support companies, and 1 representative office in Addis Ababa.

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.

Established over 35 years ago in Mali, BOA Group currently has a total of about 6,500 employees. In the year ended 31 December 2022, the Group recorded a consolidated balance sheet of EUR 10.2 billion and consolidated net income of EUR 216.6 million.



On the left, Mr. Amine Bouabid, the Chief Executive Officer of BANK OF AFRICA Group


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

  • Emmanuel NTAGANDA, Chairperson
  • Amine BOUABID
  • Abderrazzak ZEBDANI
  • Gilles MPORANYI
  • Betty SAYINZOGA 
  • Vincent GATETE
boa nous connaitre

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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.

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BANK OF AFRICA - RWANDA in the Moroccan press

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


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