Rawbank increased the volume of loans granted by 39% in the 2022 financial year. The annual report shows a solid and robust balance sheet, characterized in particular by scrupulous risk management and compliance with compliance rules.

In 2022, Rawbank's commercial activity was particularly sustained and ended with a total balance sheet of 4.14 billion dollars. Outstanding loans amounted to 1.3 billion dollars (+39% compared to the previous year). Faced with a sustained level of growth, Rawbank notably strengthened its equity in order to redeploy credit to support the dynamism of Congolese economic activity. Deposits, structurally high, remained stable at 3.2 billion dollars, reflecting the market's great confidence in the bank and making it possible to post an excellent loan/deposit ratio of 40.48%. Net Banking Income at 362 million dollars is a clear increase of 30%, confirming the strength and performance of Rawbank's strategic model.

Rawbank ensures its financial solidity thanks to a growing customer base, whether in number or in outstandings, and is diversifying (individuals, SMEs, large corporates, mining groups, institutions, etc. The bank's business model is confirmed in all its dimensions: operating profitability stands at 42.80% and the cost/income ratio (CIR) at 58.1%.These indicators demonstrate the bank's success in diversifying its income, strengthening its management and improved cost control.

This twentieth year of activity has therefore resulted in a solid and robust balance sheet. Rawbank continues to meet the demands of an ever-increasing and demanding clientele (the number of clients increases by 7% in 2022 to reach 517,000), while strengthening its prudential ratios. The renewed confidence of the players in the Congolese economy, the constant requirement in terms of risk management and compliance or even the digital transformation of working methods and of the bank's products and solutions, are the determining factors of the Rawbank model.

“More than ever, our roadmap is clear: to continue to invest in innovation, to offer financial solutions, particularly digital ones, adapted to the needs of our clients, to be demanding in terms of risk management and compliance, to consolidate our position in the DRC. Our understanding of the specificities of the Congolese market gives us a unique ability to meet its needs and I am convinced that the positive results of this year are the prelude to an even more promising future. Rawbank is a strong institution that knows how to overcome economic uncertainties and respond to the country's contemporary challenges”, comments Mazhar Rawji, Chairman of the Board of Directors.

For Mustafa Rawji, Managing Director, “Once again, the loyalty and trust of our customers have been the essential links in our performance. The financial and operational balance sheets for 2022 are proof of our ability to diversify, to invest in digital and to be commercially offensive while always being more efficient and effective. Thanks to prudent and informed strategies, our indicators are positive and bear witness to the continued confidence that our customers place in our bank. This report would not be possible without the exceptional commitment and expertise of our teams, to whom I express my deep gratitude. It is with enthusiasm that we continue to work together to transform the Congolese economy”.

Rawbank's results are the result of a strategy deployed for years and which is based in particular on anticipating market developments and rigorous management. This strategy has been recognized internationally by leading organizations such as The Banker magazine, which awarded the bank "The Banker Awards" prize for the best bank in the DRC, Euromoney magazine, which awarded the "Euromoney Awards for Excellence” of the best bank in the country or the Global Finance magazine which awarded it the place of the best bank for foreign exchange transactions in the DRC.

“Our ongoing efforts in terms of compliance and risk management, the strength of our balance sheet, the profitability of our business model and the strengthening of our prudential ratios, constitute the foundation of Rawbank. This foundation now allows us to accelerate our development in complete confidence and security”, concludes Mustafa Rawji.