Interbank Burundi s.a.

The Ngozi Branch: The Client Portfolio

Follow up and end of our report on the Ngozi Branch: A brief account on the client portfolio

1. Background

Long before the establishment of the NGOZI branch, Interbank Burundi recorded already in its account book a portfolio of BIF 300 M held by clients operating in NGOZI.

All are traders which are supplied at Bujumbura and distribute to Ngozi, Kirundo and Muyinga.

Indeed, the town of Ngozi, which is currently the third of the country, is located in the most monetized area thanks notably to the financial flows generated by the coffee produce.

In addition, being the junction of the northern and eastern corridors, Ngozi shelters several trading activities of distribution and a very active central market supplied by Bujumbura but also by the transboundary trading with Rwanda and Tanzania.

One of the reasons for the establishment of the Ngozi branch was the importance of that commercial portfolio.

2. The client portfolio

The Ngozi branch currently holds:

nearly 2, 300 operational accounts;
a deposit portfolio of a billion francs;
a credit portfolio of 1.3 billion;
daily average cash payments of 85 M;
and daily average withdrawals of 67 M.

Ngozi branch: reception hall

This portfolio can be split in three important sectors of activities:

traders operating at the central market of Ngozi, essentially composed of wholesalers direct to the public and retailers' stands;
distribution trading supplied at Bujumbura ; sometimes involved in import business;
and fresh and dry foodstuffs collected from rural producers by intermediates.

"We have a clientele essentially involved in trading, very actively between Bujumbura, Ngozi, Muyinga, Kirundo and even Gitega, and which high appreciates the facilities offered by our interconnected branches network", says the branch manager, Mr Willy NIKOBAMYE, adding that "the rapidity of transactions or rather the instantaneity, the opportunity offered to them to never travel again with big amounts in cash in need of supplies constitute real comparative advantages".

IBB-News / 29 August 2002
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