BNR gives deadline for MFI savings claimants

Published by IGIHE
On 3 April 2017 at 01:09

The National Bank of Rwanda (BNR) has announced the deadline for registering Rwandans who had deposits in medium financial institutions that encountered losses in 2006 and who have not yet received 75% of their savings.
The Government of Rwanda accepted to pay 75% to clients of financial institutions that were closed.
Registration of affected people was held from 14th to 25th December 2016 but it was later realized that some people missed out in the process.
The governor of BNR, John (...)

The National Bank of Rwanda (BNR) has announced the deadline for registering Rwandans who had deposits in medium financial institutions that encountered losses in 2006 and who have not yet received 75% of their savings.

The Government of Rwanda accepted to pay 75% to clients of financial institutions that were closed.

Registration of affected people was held from 14th to 25th December 2016 but it was later realized that some people missed out in the process.

The governor of BNR, John Rwangombwa through a statement released on 30th March 2017 said that registration will resume on 18th April to be closed on 5th May 2017 at the headquarters of BNR in Kigali and its branches in Huye, Musanze, Rubavu and Rwamagana.

“The National Bank of Rwanda encourages concerned stakeholders to respect dates given above because it is the last chance of registering people who had savings in micro financial institutions,” reads the statement in part.

BNR, during the presentation of monetary policy and financial stability statement in February 2017 announced to have paid Rwf 1.12 billion to 8, 919 people, equaling 86% of people who had registered to get their savings recovered.

BNR explained at the time that unpaid clients are those who didn’t submit their bank accounts or having registered wrong accounts.

Registration can be held at nearest branch from 9:00 to 16:00 hours from Monday to Friday on said dates.

Claimants are required to carry identity card, and license for a group of people, a financial book recording savings of the stakeholder, account number, and phone number.


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