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Cogebanque

Compagnie Générale de Banque (Cogebanque)
Private
Industry Financial Services
Founded 1999
Headquarters Kigali, Rwanda
Increase US$3.16 million (2014)
Total assets Increase US$192.2 million (2014)
Website Homepage

Compagnie Générale de Banque (Cogebanque), sometimes referred to as Cogebank, is a Rwandan multinational commercial bank. The bank is one of the commercial banks in the Republic of Rwanda, licensed by National Bank of Rwanda, the national banking regulator.

As of December 2014, the bank's total assets were valued in excess of US$192.2 million (RWF:134 billion), with shareholders' equity valued at US$19.65 million (RWF:13.7 billion).

Cogebanque was established in July 1999 by forty-two private Rwandan investors. At that time, the insurance company Compagnie Générale d'Assurance et de Reassurance (COGEAR), was the largest shareholder, with 34% ownership. In the beginning, the bank's emphasis was Small and Medium Enterprises (SMEs), agriculture and the service industries. In 2008, three new international investors paid US$6 million for a 40% ownership in the bank. The new investors included: (a) ShoreCap International (SCI) of Chicago, Illinois, United States; (b) the Belgian Investment Company for Developing Countries (BIO) and (c) AfricaInvest, an investment company based in Tunisia. These transactions, initiated in 2008, were concluded in early 2010. The original Rwandan investors maintain a 60% shareholding in the restructured bank.

As of March 2015, Cogebanque maintained branches at the following locations:


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