Zigama Credit and Savings Society (Zigama CSS) has announced surpassed its predicted targets for the financial year 2017. The Rwandan Amy bank had earlier set its eyes on making a net profit of Rwf6.3billion after having recorded growth in clientele with over 10.000 customers coming on board in the last two years. The bank officials said during the general assembly – Thursday that Zigama CSS performed beyond expectations making Rwf9.3 billion net profit in 2017. Following its becoming a commercial bank in 2011, Zigama CSS made steady growth with a net profit of Rwf4.2 billion in 2014 before increasing to Rwf5.2billion net...

Rwanda’s Amy bank,  Zigama CSS has announced it will fetch Rwf8 billion ($9.3million) profit after tax before end of this financial year. Zigama CSS could soon rise to the same league with Bank of Kigali Group – Rwanda’s largest bank by assets, which registered a pre-tax profit of Rwf30 billion last year. This new profit for Zigama CSS means an addition of Rwf2.2 billion from Rwf6.8 billion net profit during the previous financial year (2016) compared to Rwf5.2 billion ($6.3million) in 2015. After chairing the bank’s General Assembly held at army headquarters in Kigali this morning, Dr. James Ndahiro told KT Press that...

30 Mar 2017 Rwanda’s Amy bank, Zigama CSS has announced that it earned a total net profit worth Rwf6.8 billion ($8.3 million) in 2016 compared to Rwf5.2 billion ($6.3million) in 2015, representing an increase of 31%. The bank’s net profit represents 8% of the $100 million total net profit made by commercial banks in 2016. Dr. James Ndahiro, chairman of Zigama CSS told a General Assembly chaired by Defence Minister Gen. James Kabarebe at the army headquarters in the capital Kigali that the bank has been growing at a steady pace and projection for this year will yield good results....

Yesterday, Zigama Credit and Savings Society (Zigama CSS) announced a net profit of over Rwf6.8 billion for the year 2016. During a General Assembly at Rwanda Defence Forces (RDF) headquarters in Kigali, Dr James Ndahiro, the chairman board of directors, Zigama CSS, told journalists that the cooperative bank’s profit is on course to rise in 2017. “We have met as CSS members to review what we did last year, and to also set out new plans for the next year. Our members are so excited because we achieved a record profit margin. We want to continue growing as a bank,”...

The sorrow of losing a bread winner can be more agonizing when the family and children have to pay unsettled bank loans left behind by the deceased. Starting with next year 2017, family members of soldiers, police and correction service officers will not have to worry about this burden. The Zigama CSS bank general assembly today resolved that its deceased members that had acquired loans amounting to Rwf 25 million and below will not service the loan but the bank itself will absorb the double loss of losing their members and the credit. “The assembly deemed it necessary to service...