[Annual Report] – Rawbank achieved results that show accelerated growth in 2018 compared to the previous year. According to the Annual Report released June 12, 2019, these are figures that reflect the ambition of this commercial bank to “See big for the Congo.”

Indeed, after a year 2017 marked by economic and political uncertainties, Rawbank was able to anticipate the situation by optimizing the deployment of its agencies, and by developing the range of services offered to its customers.

In this impetus, “See big for the Congo”, according to Rawbank, “is to demonstrate a constant commitment to exceed expectations, anticipate difficulties, and innovate constantly in the service of all those – companies, individuals – who contribute to the modernization of the Congolese economy.”

Growth, the ascending curve

The 2018 Annual Report indicates that the bank is posting excellent results and strong growth figures. As of December 31 of this year:

– its deposits reach 1.15 billion dollars (1,889 billion Congolese francs, an increase of 27% compared to 2017);

– its disbursement appropriations 665 million dollars (1,084 billion Congolese francs, + 59.5%);

– its net profit 23, 68 million dollars (38 billion Congolese francs, + 311%);

– net banking income 155 million dollars (253 billion Congolese francs, + 56%);

– and its total balance sheet of 1.67 billion dollars (2,737 billion Congolese francs, + 25%).

This is because in 2018, says the Bank, the strategy pursued has been twofold. On the one hand the decentralization of the management of agencies to offer them more power and efficiency, and on the other hand the extension and adaptation of the network of agencies according to local needs and their past performance.

Innovation and expansion

Rawbank says it continues to expand the hospitality by opening and renovating branches across the country. The results achieved in 2018 also confirm growth, expansion and stability, thanks in particular to an innovative and local offering and rigorous management in accordance with the highest international standards.

“Rawbank has been able to put forward an entrepreneurial spirit that places it closer to the demands and expectations of the field. It is this same spirit that puts us in tune with our customers, large companies or SMEs, creators of value and attentive as we are to the great balances and structuring forces of the market, and explains the excellent performance of our bank”, explained General Manager Thierry Taeymans.

In 2018, the first commercial bank has relied heavily on the development of its digital offering to provide efficiency, ease of access, speed, for all its usual services. Their digitization is made to play a role every day more important. And Rawbank intends to remain at the forefront of this field in the banking sector.

With a steady improvement in the year 2019, the future of Rawbank is particularly promising. The bank also aims to become a leading bank in Africa, conquering new markets, offering new products and extending its proximity to its customers.

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As a reminder, Rawbank is the leading bank in the country having been the first to exceed $ 1 billion in total balance sheet in 2015. It has more than 1,600 employees with nearly 100 points of sale and a representative office in Brussels, more than 400,000 customers and 25% market share.

Rawbank supports the development of the Congolese economy. Certified and award-winning, it is considered today as a key financial player in the DRC, for individuals, small and medium-sized businesses as well as large companies and international institutions.

Safety, profitability and sustainability are Rawbank’s operational priorities in consolidating its growth strategy, particularly for individuals and the private sector.

Eric TSHIKUMA

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