BRD takes full control of housing bank
Rwanda Development Bank (BRD), yesterday, took full control of Rwanda Housing Bank (BHR) in a move aimed at boosting mortgage lending in the country.The Minister of Finance and Economic Planning, John Rwangombwa, said that the takeover aims at transforming BHR into a mortgage re-financing facility, which will provide mortgage funds to other financial institutions.
Former Managing Director of BHR Gervais Ntanganda exchanges documents with Jack Kayonga, the Managing Director of BRD (Photo T.Kisambira