Well-Established Bank Known for innovation

Banque Commerciale du Burundi (Bancobu) has been providing high-quality banking services in Burundi for 53 years. The bank, now with shareholders from the public and private sectors, achieved around €76.3 million in assets in 2012 and has developed a network of 30 outlets around the country.

Sylvère Bankimbaga, Deputy General Director, explains that Bancobu has ambitious plans for this year and beyond and has designated 2013 as its ‘Year of Innovation’. He says, “We offer all the classic banking products as well as special products like individual and corporate savings programmes and a ‘Group Credit’ scheme targeting big companies. This year we are developing new mobile-banking services, more Internet-banking products, bank cards which allow our clients to access their accounts 24h/7days, and VISA cards which can be used outside the country.” Bancobu hopes to serve two million mobile-banking customers over the next two to three years.

Sylvère Bankimbaga, Deputy General Director
Sylvère Bankimbaga, Deputy General Director

Bancobu is currently ranked among the first three banks in Burundi’s banking sector. The bank is looking for strategic partners to help it reach its goals. Sylvère Bankimbaga points out, “We maintain the highest international standards. Bancobu has positioned itself as a transparent and reliable local partner for investors looking to take advantage of Burundi’s many opportunities.”