Kinshasa, June 2, 2022 – Rawbank, a leading bank in the Democratic Republic of Congo (DRC), announces the publication of its 2021 annual report. The banking institution recorded excellent commercial and financial performance for its 20th year of operation. With more than $3 billion in registered deposits, Rawbank confirms the attractiveness of its growth model.

Thanks to the commitment of its employees, Rawbank achieved very good performance in 2021, posting increases of 45% and 19% in deposits and loans, respectively. Net banking income grew strongly in 2021, up 37%, demonstrating the bank’s ability to implement a roadmap for all its businesses that creates significant value. Profit as of December 31, 2021, stood at $41 million.

These performances reflect a unique position combining in-depth knowledge and understanding of the country to best serve corporate, institutional, and individual clients.

In 2021, Rawbank’s results were driven by several key factors: an active policy of digitizing services to facilitate banking transactions, regionalized governance to be as close as possible to the daily lives of the bank’s clients, and constant optimization.

During the 2021 financial year, Rawbank once again reaffirmed its commitment to financing and developing the DRC’s economy. More than ever, the bank remained committed to the development of women’s entrepreneurship through its Lady’s First program and its support for the MUFFA (Mutuelle Financiere des Femmes Africaines) project.

“Rawbank’s results are, on the one hand, the result of the exceptional commitment of all our employees, whom I would like to recognize here, and, on the other hand, the result of the trust of our long-standing clients and those who continue to join us. I am particularly proud of the effectiveness of our model, which is designed to provide excellent service to all Congolese people,” commented Mazhar Rawji, Chairman of the Board of Directors.

For Mustafa Rawji, Chief Executive Officer, “We are very satisfied with our latest results, which confirm the strength and resilience of our bank.

We continue to work tirelessly, making digitalization our primary growth lever, supporting our SMEs in their development projects, and pursuing the implementation of our CSR policy.” I thank the tireless commitment of all Rawbank teams, whose work enabled us to achieve these excellent results in 2021 and thus continue our ongoing quest for excellence.

This year, Rawbank adopted a new 2022-2025 strategic plan. This new roadmap, entitled “Continuously innovate and create to better support our customers today and tomorrow,” builds on the progress made in recent years.

About RAWBANK

For 20 years, Rawbank has supported the development of the Congolese economy. It offers the most modern products and services to its more than 500,000 corporate, SME, and individual clients through a network of 100 points of sale in 19 provinces across the country, including Greater Katanga, Greater Kasai, the two Kivus, Equateur, and Kongo Central. In addition to this extensive branch network, Rawbank also has a representative office in Brussels and 240 ATMs. With over 1,800 employees, Rawbank holds more than 30% of the market share.

Strength, profitability, and sustainability are Rawbank’s priorities to consolidate its growth strategy.

Its work has been recognized with the 2022 African Bankers Award for Best Regional Bank in Central Africa, a Moody’s CAA 1 rating, and ISO/IEC 20000 and ISO/IEC 27001 certifications.

Partners who trust Rawbank include: IFC, AfDB, TDB, BADEA, Shelter Africa, AGF, and others.

For more information: Rawbank – www.rawbank.com