National Bank of Rwanda definition

National Bank of Rwanda. (Banque Nationale du Rwanda) means the Recipient’s central bank.
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National Bank of Rwanda or the acronym “BNR” means the Recipient’s central bank established and governed pursuant to Law No. 48/2017 of 23/9/2017.
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National Bank of Rwanda means the Recipient’s central bank established and governed pursuant to Law no.48/2017 of 23/9/2017.
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Examples of National Bank of Rwanda in a sentence

  • In Rwanda MTN Mobile Money was incorporated in close cooperation with the National Bank of Rwanda in February 2010, and the number of users is increasing rapidly.MTN Mobile Money advertises with ‘convenient, secure, and affordable way of sending money’, and focuses specifically on money transfers within countries.10 The goal is to target areas which currently have a high proportion of unbanked people.

  • The reference exchange rate is that of the National Bank of Rwanda, BNR, 14th September 2016, US$1 = FRW 850.

  • According to National Bank of Rwanda, Rwanda’s journey towards a cashless economy started in 2008 with its first Vision and Strategy for the payment system of which, much progress has been achieved with the wide use of card payments and the introduction of mobile financial services.

  • Accounts in joint responsibility:As soon as the specific agreement has been signed, an account in EUR (main account) and one operational account in Rwandan Franc will be opened at the National Bank of Rwanda (NBR).

  • Cash and cash equivalents exclude the cash reserve requirement held with the National Bank of Rwanda.

  • Rwanda has recognized the importance of small scale trade for economic development and broader macroeconomic balances, based upon extensive and ongoing survey work by the National Bank of Rwanda, and has developed a National Cross-Border Trade Strategy.

  • One project operating account in RWF will also be opened in the National Bank of Rwanda.

  • Such investments can be administratively cumbersome to set- up and consequently will only be undertaken once a detailed business case has been approved by Cabinet.

  • In September 2006, the Government adopted the National Microfinance Policy with a recommendation to the National Bank of Rwanda to put in place a legal and regulatory framework for the microfinance sector.

  • The target population of this study refers to all commercial Banks registered by National Bank of Rwanda before 2006 and only six commercial Banks were considered to constitute the population.

Related to National Bank of Rwanda

  • National bank means a national banking association

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • Mizuho means Mizuho Bank, Ltd.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • UBS AG, New York Branch shall have the meaning assigned to such term in the preamble to this Agreement.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Xxxxx Fargo Bank means Xxxxx Fargo Bank, National Association.

  • ABN AMRO means ABN AMRO Bank N.V.

  • UK National means a person who is a British citizen (including persons from the Channel Islands and the Isle of Man), a British subject under Part IV of the British Nationality Act 1981 having the right of abode in the UK or a British Dependent Territories citizen acquiring his/her citizenship from connection with Gibraltar.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • U.S. Bank means U.S. Bank National Association, a national banking association.

  • JPMorgan Chase means JPMorgan Chase Bank, N.A. and its successors.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Royal Bank means Royal Bank of Canada.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • KeyBank means KeyBank National Association.

  • Barclays Capital is a reference to Barclays Capital, the investment banking division of Barclays Bank PLC;

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Goldman Sachs means Goldman Sachs & Co. LLC.