Interbank Burundi s.a.

Assessment of the MUYINGA BRANCH

After the Gitega branch that we depicted last week in the framework of our reports on the Interbank branches' network, let's have a look into the Muyinga branch which was launched nine months after that of the centre of the country

1. Background

The establishment of the Gitega branch aimed notably at ensuring the national anchoring of the Interbank Burundi distribution network and launching a banking intermerdiary between the northern, central, eastern and southern regions and Bujumbura.

With the eastablishment of that branch we noted that Muyinga was a link left out of our distribution chain with respect to the transactions between traders from Muyinga and Gitega.

As a matter of fact, being at the junction of the Northern and Eastern Corridors, on one hand, Muyinga and its commercial centres have developped a sustained commercial activity notably in the sector of distribution, supplied by Ngozi and Bujumbura, but also supplied by the cross border trade between Rwanda and Tanzania.

On the other hand, Muyinga is located in an agricultural region producing food items like beans, sorghum and rice that can be traded ; but also a mining region with mines already exploited like gold.

These features have given rise to transactions between Muyinga and Bujumbura, Ngozi, Gitega and Kirundo where we have important segments of clientele.

One of the reasons that Muyinga branch was launched in may 2001.

2. Output

The Muyinga branch is today operational since a year and four months and its beginning is likely satisfactory

Thus, with nearly 900 accounts and a deposit portfolio of estimated to 400 Million francs, Muyinga Interbank Burundi Branch has grown the most important banking branch in the area, which counts four including COOPECS (Savings and Credit Coperatives).

It holds the client portfolio from the markets of Muyinga, Ruzo, Murama and Giteranyi.

Official Opening of Gitega Branch: May 12, 2001

3. The branch management

Since it was established, Muyinga branch is managed by Mr Jean Marie NKURUNZIZA a young University graduate who joined the Bank early in 1993.

Appointed at the credit Department since then, Mr Jean Marie NKURUNZIZA became remarkable in view of his high capacity of analysis and discretion which raised him up to the position of the first Manager of the Quartier Asiastique Branch in Bujumbura in 1998.

He left that branch in January 2001 for a short term at Place de l'Indépendance branch before launching the Muyinga Branch four months later.

Aged 35, married and father of 2 children, Mr Jean Marie NKURUNZIZA is president of INDONYI Sports Club of Muyinga (Tennis, Basketball, Volleyball, Football and Footing).

IBB-News / 17 September 2002
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