{"id":2000127994,"date":"2026-10-04T13:35:55","date_gmt":"2026-10-04T11:35:55","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000127994"},"modified":"2026-10-04T21:22:17","modified_gmt":"2026-10-04T19:22:17","slug":"rwandas-financial-sector-assets-quadruple-to-rwf16-trillion","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwandas-financial-sector-assets-quadruple-to-rwf16-trillion\/","title":{"rendered":"Rwanda\u2019s financial sector assets quadruple to Rwf16 trillion"},"content":{"rendered":"\n

The figures were presented by Prime Minister Dr Justin Nsengiyumva during a joint sitting of both chambers of Parliament on October 2, 2026, as he outlined government efforts to strengthen the financial sector.<\/p>\n\n\n\n

The growth has been accompanied by changes in the structure of the sector, including consolidation among banks and microfinance institutions.<\/p>\n\n\n\n

The number of banks fell from 15 in 2017 to 11 in 2025, while microfinance institutions declined from 473 to 70.<\/p>\n\n\n\n

The reduction was largely driven by mergers and consolidation aimed at creating stronger institutions and improving the sector\u2019s capacity to provide a wider range of financial services.<\/p>\n\n\n\n

In the microfinance sector, the consolidation of 416 Umurenge SACCOs resulted in the creation of 30 district-level SACCOs.<\/p>\n\n\n\n

Meanwhile, the number of insurance companies increased from 16 to 18, while pension institutions rose from one, the Rwanda Social Security Board (RSSB), to 12.<\/p>\n\n\n\n

Capital market intermediaries also increased from 21 to 35 during the period.<\/p>\n\n\n\n

Other non-bank financial institutions reached 448 in 2025, while the number of financial technology companies (FinTechs) increased from three in 2017 to 36.<\/p>\n\n\n\n

\u201cThese figures demonstrate the expansion and growth of the sector, enabling citizens and businesses to access financial services,\u201d Nsengiyumva said.<\/p>\n\n\n\n

The increase in assets has also strengthened the sector\u2019s contribution to the wider economy. Financial sector assets rose from the equivalent of 53% of GDP in 2017 to 68% in 2025.<\/p>\n\n\n\n

Commercial banks accounted for nearly 67% of total financial sector assets in 2025, while the remaining 33% was held by other institutions, including microfinance institutions, insurers and pension funds.<\/p>\n\n\n\n

Banks strengthen profitability and asset quality<\/h2>\n\n\n\n

Nsengiyumva said the expansion of the financial sector had been accompanied by measures to strengthen its stability and resilience.<\/p>\n\n\n\n

The Capital Adequacy Ratio, which measures banks\u2019 ability to absorb losses and is required to remain above 15%, stood at 21.9% in 2025, well above the regulatory minimum.<\/p>\n\n\n\n

Bank profitability also improved during the period.<\/p>\n\n\n\n

Return on assets increased from 2.2% in 2017 to 4.8% in 2025, while return on equity rose from 6.8% to 19.1%.<\/p>\n\n\n\n

At the same time, the ratio of non-performing loans declined sharply from 7.6% in 2017 to 2.5% in 2025, indicating an improvement in the quality of banks\u2019 loan portfolios.<\/p>\n\n\n\n

Access to credit also expanded, with the number of borrowers increasing from more than 243,000 in 2017 to more than one million in 2025.<\/p>\n\n\n\n

\"\"
Rwanda\u2019s financial sector has expanded significantly over the past eight years, with total assets quadrupling from Rwf4 trillion in 2017 to Rwf16 trillion in 2025, according to the government.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Rwanda\u2019s financial sector has expanded significantly over the past eight years, with total assets quadrupling from Rwf4 trillion in 2017 to Rwf16 trillion in 2025, according to the government.<\/p>\n","protected":false},"author":131,"featured_media":2000127995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[151,69],"byline":[192],"hashtag":[],"class_list":["post-2000127994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-homehighlights","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131}],"featured_image":{"id":2000127995,"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","alt":"Rwanda\u2019s financial sector assets quadruple to Rwf16 trillion","caption":"","mime_type":"image\/jpeg","width":1000,"height":562,"sizes":{"thumbnail":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","width":1000,"height":562},"medium":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","width":1000,"height":562},"medium_large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","width":1000,"height":562},"large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","width":1000,"height":562},"full":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/55562405344_868b1b3810_k-94ff5.jpg","width":1000,"height":562}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000127994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000127994"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000127994\/revisions"}],"predecessor-version":[{"id":2000127996,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000127994\/revisions\/2000127996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000127995"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000127994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000127994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000127994"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000127994"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000127994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}