Bank populaire to go electronic

All branches of Banque Populaire du Rwanda (BPR) will be linked on one network in order to promote efficient service delivery, the bank’s Chief Executive Officer (CEO) said on Tuesday. Ben Kalman said that the move will reduce the queuing within the bank’s branches.

All branches of Banque Populaire du Rwanda (BPR) will be linked on one network in order to promote efficient service delivery, the bank’s Chief Executive Officer (CEO) said on Tuesday.

Ben Kalman said that the move will reduce the queuing within the bank’s branches.

Reacting to challenges cited by the population in line with the high interest rate, Tom Borghols, Chief of Risk Officer said that the bank tries to lower its interest rate, but due to low liquidity levels in the banking industry the interest rates had to rise.

Rabobank accepted to invest a capital equivalent to 35 percent of the basic capital, and the members of Bank populaire remained with 65 percent.

As a result of having such shares, Rabobank decided to send experts so as to make turn the bank into a sound business venture.

Apparently, the bank has the functional system of cooperative societies with six hundred members, who are apparently investors which are non existent within other banks.

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