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 on three fronts, seeking to link up quickly with its isolated troops in Kigali. The RPF advanced steadily, capturing large areas of the countryside to the north and east of Kigali, but avoiding an attack on the city itself, because the city was too heavily defended. They instead conducted manoeuvres designed to encircle Kigali and cut off supply routes, as well as capturing the rest of the country. By mid-June, the RPF encirclement was complete, and they began fighting for the city itself. The government forces had superior manpower and weapons but the RPF fought tactically, and were able to