Bank of Kigali ordinary share capital. In 1967, the Bank commenced its operations with its first branch in Kigali. Belgolaise was a subsidiary of Fortis Bank (now defunct), operating in Sub-Saharan Africa but in 2005 began to withdraw from its operations in Africa in line with Fortis’ strategy. In 2007 the Government of Rwanda acquired the Belgolaise shareholding in Bank of Kigali, thereby increasing its direct and indirect shareholding in the Bank to 100% of the entire Issued Shares. In 2011, the Bank changed its name under the new law relating to companies from Bank of Kigali S.A to Bank of Kigali Limited.
Kigali three administrative districts—Nyarugenge, which lies in the south west, Kicukiro in the south east, and Gasabo, which occupies the northern half of the city's territory. Kigali lies in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. Kigali lies between the two mountains of Mount Kigali and Mount Jali, both of which have altitudes over , while the lowest areas of the city have an altitude of . Geologically, the city lies in a granitic and metasedimentary region, with lateritic soils on the hills and alluvial soils in the valleys. The Nyabarongo River,