90 Employees Sacked from National Bank of Rwanda

{{The Central Bank of Rwanda has expelled Ninety employees found unneccessary after the introduction of a new computer program “T24 Core Banking” that eliminates all manual or semi-manual operations at the Bank.}}

Suspended staff will have their activities terminated for a period of six months and during which they will receive two thirds (2/3) of their wages after which they will complete the legal termination of their activities.

Monique Nsanzabaganwa , Vice Governor of the BNR says that notification of termination of Ninety agents has not been based on the most indiscipline but valid criterion.

At the commissioning of the T24 core banking program on Tuesday last week, the National Bank of Rwanda asked the affected agents to resign their positions.

The new computer program would reduce on the previous manual entry of data and other services that required manual manipulation. Thus this requires termination of some employees across all BNR branches in the country.

T24 Core Banking was introduced at BNR in April as part of the roadmap of the BNR ICT Modernization program that commenced in 2011 with the Rwanda Payments and Processing Systems (RIPPS); Regional Payment Processing System (REPPS) and a Modern Data Centre.

The T24 Core Banking was implemented along with another system called Oracle e-Business Suite Enterprise Resource Planning (ERP) that went live on 28th February 2014.

The new systems are expected to positively impact the whole BNR and all stakeholders by; improving the effectiveness and efficiency of customer service delivery; enhance security and internal controls; facilitate real time data and reporting with business intelligence.

The major functions impacted include: Trade Finance, Management of Foreign exchange, Banks and Government Accounts management, External Payment processing, Treasury and securities, Financial Management and accounting and, Supply Chain Management.

The state of the art technology employed with the new systems will enable full integration with stakeholder organizations at both national and international levels and eliminate all manual or semi-manual operations.