MICROCAPITAL BRIEF: National Bank of Rwanda (NBR) Rolls Out Electronic Data Warehouse to Automate Reporting by Microfinance, Traditional Financial Institutions

The National Bank of Rwanda (NBR), the central bank of the country, recently implemented an electronic data warehouse (EDW) system to automate the reporting processes of 14 financial services providers, three of which are microfinance institutions. The EDW system will enable NBR to gather information on demand rather than waiting for institutions to provide data periodically. NBR plans to incorporate the country’s savings and credit cooperative organizations (SACCOs) into the EDW system within two years [1].

Founded in 1964, NBR defines and implements monetary policy, mints currency, and supervises and regulates the country’s foreign exchange market and financial institutions. It also operates the Securities Exchange of Rwanda. In June 2016, NBR reported total assets of RWF 993 billion (USD 1.18 billion) [2, 3].

By Matthew O’Neill, Research Associate

Sources and Additional Resources:

[1] Leveraging ‘Suptech’ for Financial Inclusion in Rwanda:
http://blogs.worldbank.org/psd/leveraging-suptech-financial-inclusion-rwanda

[2] MICROCAPITAL BRIEF: National Bank of Rwanda (BNR) Maintains Repurchase (Repo) Rate at 7%:
https://www.microcapital.org/microcapital-brief-national-bank-of-rwanda-bnr-maintains-repurchase-repo-rate-at-7/

[3] NBR Annual Report, 2016:
https://www.bnr.rw/fileadmin/AllDepartment/MonetaryPolicy/

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