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 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,