Interbank Burundi s.a.

Opening an Interbank Burundi Branch at Makamba

Restricted for a long time in Bujumbura, in the northern region and central part of the country, compelled by commercial and security reasons, the geographical extension of Interbank Burundi network distribution had marked a new direction in 2003, with the implantation of the first branch in southern region, namely at Rumonge in July 2003.

The implantation was at the same time to inaugurate the return to the national coverage of our distribution chain.

One year after, Interbank Burundi has just implanted its second branch in the southern part of the country, precisely at Makamba in the beginning of August 2004, encouraged by good results made by Rumonge branch and the requests from the surrounding centres.

1. Why a Branch at Makamba ?

Makamba is one of the most animated centres of the country; a rich centre of an old business tradition owing to its position at the Tanzanian border, a country with which it holds an important flow of exchanges in terms of goods.

Besides, this centre enjoys the following advantages:

A modern market which was recently rehabilitated, frequented by businessmen from MAKAMBA, BURURI, RUTANA and even BUJUMBURA for which it is the largest supplying and distribution centre in the southern part of the country;
A prosperous business of agricultural products such as cassava which makes Makamba the granary of the country; beans; the groundnuts or the maize;
A very sustained commercial activity in the small peripheral urban centres or centres at the border of Tanzania such as Kayogoro, Makamba and
Nyanza-Lac.

Advantages which, conjugated to the importance of Interbank Burundi network distribution, have allowed the bank to perform important segments of the clientele whose requests have notably motivated the implantation of that branch at Makamba.

The implantation allows us to enlarge our national coverage by the southern part of the country and will reinforce existing synergy between our customers from north, centre, Bujumbura and those from the south whose commercial activities are in close interdependence.

2. Management of the branch

The management of Makamba Branch has been confided to Mr Magnus Niyonzima, previously head of the branch at Asiatique Quarter in Bujumbura from July 2003.

A university executive who evolved in the loan Department, Mr Magnus Niyonzima has acquired a large experience in the inter-agencies operations notably by working at Bujumbura Central Market Agency.

He is currently 32 years old and is married with two children.

IBB-Infos / 23 September 2004

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