Management Consultancy Services Agreement with AccessBank Rwanda (Sep 2017)
2013-12-31 - 2017-11-30
AB Bank Rwanda (ABR) was established in 2013 jointly by Access Microfinance Holding AG (“AccessHolding”) of Berlin/Germany and three of the most reputable investors in the global microfinance industry: The International Finance Corporation (IFC), KfW Development Bank and FMO, the Dutch development bank. The founding shareholders have committed an initial capital endowment of RWF 3.5 billion (approx. EUR 4.1 million) to the bank, of which AccessHolding provided 50.5%.
On December 31, 2013, The National Bank of Rwanda had granted ABR the license to operate as a Microfinance Bank, and operations have started shortly thereafter from its first branch in the Nyamirambo area of Kigali. The mission of ABR is to be a socially responsible bank for the lower- and middle-income strata of the Rwandan society and to be the one-stop bank of choice for micro and small enterprises in the country.
LFS assumes full responsibility for the development and day to day management of Access Bank Rwanda.
LFS provides 4 long-term/resident advisors to AB Bank Rwanda: these include the CEO, the CCO, COO, and SME Lending Manager. In addition to these resident advisors, LFS
supports the banks with its pool of backstopping and short-term experts, especially in the areas of credit, (credit) risk management, Internal Audit, IT, HR, Training, retail and delivery channels (such as mobile or agent banking). LFS facilitates the exchange between staff of the AccessHolding network banks by short-term and medium- term exchange programs as well as regional trainings.
AccessBank Zambia offers micro and SME loans, current accounts, savings and term deposits, national/international remittances services.
Business Loan Portfolio as at December 31, 2016
Amount (in EUR): 3,677,000
Amount (in EUR): 0
Amount (in EUR): 2,732,000
Organization of the bank, branch network, and Head Office functions;
Operational and strategic management of the bank;
Selection, training, development and coaching of bank staff and management;
Development of loan products (incl. MSME, agricultural, consumer and mortgage loans, supply chain financing);
Building up and developing the deposit business and other products;
Implementation, maintenance and further development the IT infrastructure.
Access to the LFS Competency Centre for MSME product management, risk management, training, finance, liquidity management, IT services, internal audit and HR functions, which provide best-practice services to network banks. The competency centre provides remote and on-site support to the AccessBanks. For each department and business unit (Bank Management & Governance, microcredit, SME credit, operations, retail, electronic banking, HR, Finance, Treasury & Liquidity Management, IT, Internal Audit), LFS organizes and facilitates annual meetings, workshops and classroom trainings during which the respective bank managers exchange best practices from the field and learn about the latest international technologies from the competency centre.
Note: The ToR of the Management Consultancy Services Agreements (MSC) LFs has with the AH network banks are standardized. Accordingly, the same type of services provided apply for the different countries and banks included in the present document as references