Assessment of the NGOZI Branch

The fifth step of our reports on the INTERBANK BURUNDI distribution network: NGOZI Branch.

1. Background

Early 1996, Interbank Burundi is in its fourth year of operation and its commercial dynamism already reknown in Bujumbura where it is present on all the important client sectors.

A year before, the Meridien Biao Bank was bankrupt and its Ngozi Branch has closed down, following which a big number of its client, supported by the provincial authorities, to request Interbank Burundi to open its Branch at ngozi.

It is in such an environment, on the basis of a client portfolio of nearly BIF300M and its option of bringing its services closer to the clients, that the Bank soon opened its first branch, at Ngozi, in May 1996.

Indeed the market was prosperous; the town of Ngozi had at that time only one banking branch, the BCB one, in spite of its rapid development.

2. Output

Interbank Burundi branch of Ngozi is today operational since six years ago with a financial and commercial output widely beyond the most optimist forecasts.

First, at the commercial level, the Ngozi branch is undoubtedly one of the most important local banking branches with nearly 2,500 accounts opened since its opening and a deposit portfolio amounting to about a billion francs.

At the financial level, the Ngozi branch has reached the break-even point since the first operational year and is currently yielding a near annual return of about BIF 120M.

This rapid development has brought it to the level of a "real Bank" within the network so much so that with the beginning of the year 2000, the Ngozi branch has moved into a new wider building which fits with its level of operations.

3. The branch management

Aged 34, Mr Willy NIKOBAMYE is married and father of 2 children.

IBB-News / 19 August 2002
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