Bank of Kigali million), with shareholders' equity of RWF:122.8 billion (US$143.7 million). On 29 September 2017, Global Credit Ratings affirmed Bank of Kigali Limited’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively; with a stable outlook. The bank has won several back to back international and regional "Best Bank in Rwanda" awards, including from EuroMoney, The Banker, Global Finance Magazine, and EMEA Finance. The Bank was incorporated in the Republic of Rwanda on 22 December 1966. Initially Bank of Kigali was founded as a joint venture between the Government of Rwanda and Belgolaise, with each owning 50 percent of the
Kigali sidelining Rwandans in the judiciary. In this period, Kigali was one of two provincial capitals, alongside Gisenyi. The difficulty of governing the complex Rwandan society, and a crippling famine, led the Belgians to re-establish the German-style indirect rule at the end of 1917. Musinga was restored to his throne at Nyanza, with Kigali remaining home to the colonial administration. This arrangement persisted until the mid-1920s, but from 1924 the Belgians began once more to sideline the monarchy, this time permanently. Belgium took over control of dispute resolution, appointment of officials and expansion of control. Kigali remained relatively small through the