BRD PERFORMANCE HIGHLIGHTS By Thogne TURATSINZE BRD Managing

BRD PERFORMANCE HIGHLIGHTS By Théogène TURATSINZE BRD Managing Director May 30 2006

BRD Proprietary Information BRD Mission and Strategic Priorities Mission “To become the Government of Rwanda’s investment arm by financing the nation’s development objectives with a focus on the priority sectors of the economy. ” Mobilize financial resources to drive Rwanda’s development Develop special financing programs for key export sectors Strategic Priorities Expand BRD’s product portfolio to meet customers needs Engage and support key customers and partners Increase BRD’s effectiveness through reconfiguration and training Microfinance institutions Refinancing and Financing of farmers cooperatives BRD-Action Plan-EAK— 031505 2

BRD Proprietary Information BRD PERFORMANCE HIGHLIGHTS l l l In May 2004, the Go. R empowered BRD to be the Financier of Rwanda’s development. The BRD then translated its mission into a strategic operating plan approved by Cabinet in May 2005. This Strategic Operating plan called for ambitious financial targets and a significant overall of the Bank’s internal operations. BRD strategic plan is built around Rwanda s Vision 2020 objectives and our reason of being is to make Vision 2020 a reality. Growth in BRD lending will have enormous benefits to the Rwandan economy especially in: – Job creation: the bank’s investments could produce 50, 000 jobs over the 4 year period; – Increased exports: if BRD’s investment targets are achieved, its investments will raise the level of exports by over RWF 30 billion. – Household income: FOREDEM’s activities are estimated to increase household incomes by over RWF 3 billion and benefit 150, 000 households. BRD-Action Plan-EAK— 031505 3

BRD Proprietary Information BRD May 2006 Highlights May 2006 in Figures - Financial and operational indicators A year after Cabinet approved its strategic action plan, BRD has accelerated the pace of its transformation. Operationally and financially, key indicators depict its achievements in may 2006: Key Operating Indicators Actual (M RWF) Loan Portfolio* 14, 138 Key Operating Indicators Actual (M RWF) Net Income 102. 6 Approvals 8, 473 Non Performing Loans 1, 292 Disbursements 5, 751 NPL to Loan Portfolio** 11. 4% Equity Participation 1, 435 Loan Recoveries Resources Mobilized 789 3, 900 * Includes Staff loan portfolio (402 M RWF) and ** Does not includes Staff loans and FOREDEM loans FOREDEM loan portfolio (1, 962 M RWF) BRD-Action Plan-EAK— 031505 4

BRD Proprietary Information BRD May 2006 Highlights BRD sector financing at May /2006 BRD Approvals BRD Disbursements Agriculture & Livestock Other sectors ICT Industries Agriculture & Livestock Industries Exports Tourism Education Health Compared to year 2005, may 2006 achievements are 83. 1% and 260. 7% of 2005 performance in terms of approvals and disbursements respectively. BRD-Action Plan-EAK— 031505 5

BRD Proprietary Information BRD May 2006 Report Other socio-economic benefits BRD approved projects will create 637 new jobs, 905 part time jobs and maintain 1, 101 jobs BRD financing in the coffee sector will contribute to export receipts of around $ 4 Million FOREDEM intervention will create good impact to around 22, 882 beneficiaries of agriculture sector of which 14, 870 are clients of MFI refinanced by FOREDEM and 8, 011 are members of cooperatives. The added value expected are RWF 15 Billion for DDI approved projects. BRD has approved approximately RWF 5. 3 Billion for projects in the rural area, meaning 62% of total disbursements BRD-Action Plan-EAK— 031505 For the first quarter BRD has financed in total 18 coffee washing stations 6

BRD Proprietary Information LENDING CONDITIONS A detailed feasibility study or Business plan for the project Proven technical capacity in the field of the project General Conditions Demonstrated capacity to manage the project Adequate market share A minimum participation by the promoter varying between 15 and 50% of investment according to the nature and size of the project. BRD-Action Plan-EAK— 031505 7

BRD Proprietary Information LENDING CONDITIONS (2) Mortgages with title deeds, A pledge of receivables, Guaranties The joint guarantee of spouse, associates, other partners… A guarantee from the Government, a guarantee fund, a bank, other partners, foreign organisations, etc. . The pledge of material or financial resources, … Accidents and fire insurance, etc. . BRD-Action Plan-EAK— 031505 8

BRD Proprietary Information LENDING CONDITIONS (3) Financial conditions Interest rate : 8 to 15%, Generally, the BRD wants to be leader in the reduction of interest rates Repayment period: Varies and can be up to 10 years. c B. R. D is the country’s sole financing institution specialised in long term financing. BRD-Action Plan-EAK— 031505 9

BRD Proprietary Information CURRENT FINANCIAL RESOURCES Export promotion fund (Go. R 3 billion annual allocation) 2 billion RWF for net work of Rwanda farmers’ organisations (ROPARWA) Destined for rice , cassava, potatoes, maize, wheat and vegetables. Agricultural Inputs Fund Cash and export crops (PDCRE), Kigali Ngali, Kibungo, Kibuye and Gikongoro provinces Rural Investment facility, all provinces PDRCIU Funds for Umutara province only STABEX, agricultural imputs… Agricultural guarantee funds, FAGACE, FSA BRD-Action Plan-EAK— 031505 10

BRD Proprietary Information BRD Quarter 1 2006 Report BRD beyond figures and numbers EDUCATION EXPORT-ORIENTED AGRICULTURE TOURISM BRD-Action Plan-EAK— 031505 AGRO-INDUSTRIES 11

BRD Proprietary Information BRD Quarter 1 2006 Report BRD beyond figures and numbers BRD supporting youth in sports BRD stand during ADB visits BRD staff in social gathering BRD-Action Plan-EAK— 031505 BRD signing refinancing agreements with RIM 12

BRD Proprietary Information BRD-Action Plan-EAK— 031505 13