Interbank Burundi s.a.

Interbank Burundi counter at the Administrative Building

While inaugurating the Interbank Burundi Bujumbura Port Branch on Friday, January 31st, 2003, the Bank was launching the second phase of the coverage of Bujumbura with branches or counters on sites.

During the following month, two new banking counters were opened, after the one at the Brarudi in 1993, at the Bujumbura international Airport and Novotel Hotel.

It is in the framework of this new approach that the Bank has opened recently a fourth banking counter fully operating at the Administrative Building, sheltering the Ministry of Finance.

1. Why opening a counter within the Administrative Building ?

Interbank Burundi distribution strategy is centred on a network of branches, which are eleven today, including the Central branch at the Headquarters, and three operating banking counters to-date.

Two operating sites of this network, notably the Bujumbura Port Branch and the counter at the Bujumbura International Airport, aim among other things at facilitating transactions between economic operators and the Public treasury in terms of payments of various duties and taxes.

An objective which was partially fulfilled while a big part of those duties and taxes are paid to the tax collector of the Ministry of Finance.

Hence, at the end of the fiscal year 2002, duties and taxes paid to the collector were amounted to 74,323.4 M out of a total fiscal returns of 93,737.9 M, i.e. nearly 80 %.

An objective now fulfilled with the establishment of a banking counter at the duties collector office within the Administrative Building on May 19th, 2003.

We believe indeed that a good number of tax-payers, clients and non-clients, for reasons of facility and rapidity, will use from now on the channel of Interbank Burundi counter during their payment operations, bearing in mind that the collection offices are often crowed, particularly at the end of periods of declarations.

As a matter of fact, since the counter is connected to the central computer set up and the whole network in continuous and real time, all tax-payers can now make their payments to the tax collector by cash deposits, transfers or certified checks directly on the collector's account at our new counter, in good time.

2. Assessment of establishments on sites

Beginning from the very first establishment on site, Brarudi counter, the branches and counters on sites, at Novotel Hotel, Bujumbura International Airport or Bujumbura Port, all have been good investments.

Indeed, while the average daily collection is estimated at 100.0 M at the BRARUDI, average daily deposits amount to 60.0 M at Bujumbura Port, 10.0 M at Bujumbura International Airport, all currencies included, and 25.0 M at Novotel Hotel.

In the same time, certifications of checks are made to the customs collector for nearly 75.0 M and 30.0 M per day respectively at Bujumbura Port and Bujumbura International Airport.

This performances have also motivated the establishment of the Interbank Burundi counter at the tax collector's office.

3. Supervision of the Administrative Building Counter.

The Administrative Building Counter is run by Mrs Ndihokubwayo Seconde, an intermediate staff officer with enough experience in banking operations, previously working at the clientele department, Visa, Reception and Various Operations Section, then worked as Reception Responsible, at first and until May 18th, 2003 she worked as Visa Responsible.

Mrs Seconde Ndihokubwayo joined the Bank early in 1993; she is 34 and mother of four children.

IBB-Infos / 21 May 2003
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