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The bank was opened in 1963. In the beginning it was wholly owned by the Government of Rwanda. In 2004, BCR was privatized. As of April 2010, Actis Capital owned 80% and the Rwanda Government owned the remaining 20% of the financial institution.[7] Actis Capital is a private equity investment firm, headquartered in London, United Kingdom, specializing in investments in developing countries, whose investment portifolio is almost US$5 billion, as of April 2010. In July 2012, Actis Capital divested from BCR by selling its shareholding to the I&M Bank Group from Kenya, PROPARCO from France and the German Investment Corporation (DEG). The Rwanda Government retained its shareholding in the bank.

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