Assessment of theKIRUNDO BRANCH

Penultimate look into the Interbank Burundi distribution Network:an overview of the establishment of Kirundo Branch, the second born of the network.

1. Background

It was in 1997, a year after the successfull Ngozi Branch was established, with notably a billion of funds transfered at the Headquarters.

It is also true that it benefits from various numerous transactions between Ngozi and two other northem localities, i.e Muyinga and Kirundo.

Businessmen from the latter, some with whom we hold already very good business relations, will soon request the establishment of an IBB Branch at the Centre of Kirundo.

It is in this environment, and taking into account the obvious potentialities of the provinces of Muyinga and Kirundo, as well as those of their respective Chief-Towns, that Kirundo Branch was launched in June 1997.

As a matter of fact, sharing the border with Rwanda and Tanzania, Kirundo and Muyinga have developped a strong trading tradition since a long time, with a hardworking population of nearly 700,000 inhabitants living on very fertile lands.

2. Output

Five years after its establishment, Kirundo Branch, which was intially meant to serve also Muyinga, lost part of its client portfolio with the opening of Muyinga Branch.

However its outputs remain substantial, on the scale of the area it currently serves.

Hence, with 1,700 accounts opened and a deposit portfolio of 350 million, Kirundo Branch is the first local banking branch among three.

3. The branch management

Tempted by business dealings, he joined the hard school of private economic operators in 1996 before coming back to the Bank in 1997 in his capacity of Kirundo Branch Manager.

Aged 48, Mr Amédée KADO is married and father of four children.

IBB-News / 7 October 2002
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