RWANDA – Aktif Bank, Turkey’s privately-owned investment bank, has opened its first international representative office in Kigali, Rwanda after receiving the approval by the BRSA (Banking Regulation and Supervision Agency) and the National Bank of Rwanda.
This will further allow Aktif Bank to amplify its operations with the continent and adding more banks to its current network of 350.
Maintaining its operations as based on its vision to become a worldwide service provider thanks to its ever expanding banking network, Aktif Bank opened its Representative Office in Rwanda by making an innovation to bolster up its position in Africa further.
Having become the first foreign-invested (non-African) commercial bank that has opened an office in Rwanda, Aktif Bank will now be able to be closer to business partners in East Africa and ameliorate the support it gives to the Turkish exporters.
“We, as Aktif Bank, are providing the Turkish exporters with foreign trade solutions and facilitating their lives thanks to the correspondent relationship we have established with more than 350 African banks,” Muzaffer Suat Utku, Aktif Bank’s Executive Vice President in charge of International Banking, said.
“We are aiming for taking such operations of ours much further by the new Representative Office we have established in Rwanda, a country in the East Africa.
“Having a strategic significance due to its geographical position, Rwanda is also among the African countries with a critical potential with its annual growth rate expected to be reported approximately as 10 percent for the next year.”
Aktif bank, founded in 1999, provides debt financing services such as loans to small and medium-sized businesses. The bank’s primary business lines are corporate banking, investment banking, and private banking.
Corporate banking services offered by Aktif include receivables financing, corporate finance, insurance, foreign trade and finance, corporate and commercial loans, financial leasing, and cash management. The expansion of its operations is based on its vision of becoming a global service provider.
“We made our first expansion in Kigali, the capital city of Rwanda, as based upon the accessibility to the other African countries, in addition to the stable political and economic environment in the country,” Muzaffer added.
“We feel pleased and excited not only for being the first foreign bank that has opened an office in Rwanda but also for having opened our first international office in such a beautiful city.”
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