Following allegations by a certain fringe of the media against its management, the RAWBANK SA’s Management Team wishes to clarify public opinion on the following:
1. The alleged acceptance by Rawbank of payments in gold &/or diamond made by its clients.
The legislation of the Democratic Republic of Congo and particularly that which governs the activities of credit institutions does not allow commercial banks to receive hard currencies nor provide storing facilities for precious metals.
Rawbank therefore never engaged in any capacity in these activities.
In adherence to the Regulations on exchanges prevailing in the Democratic Republic of Congo, RAWBANK only assists in the validation process of export documents on behalf of its clients after the approval of the regulator who is in charge of controlling the trade.
2. Funding of projects and activities of economic agents.
RAWBANK SA is a financial institution and a non-political institution whose mission is to finance the economy through the collection of savings from the public and the granting of credits.
The only projects and activities funded are those that best meet the requirements of the regulations in force in the Democratic Republic of Congo and our Credit Policies encouraged by the fight against money laundering, terrorist financing and proliferation of weapons of mass destruction, as well as managing environmental and social risks.
3. Shareholding in RAWBANK SA.
Under Congolese law, the presence of “offshore” companies in the shareholding of a commercial bank is not prohibited, provided that they meet the eligibility requirements established by the law.
Companies holding capital RAWBANK SA are entities legally registered with capacity to operate in their country of incorporation. All obligations including tax requirements are timely fulfilled. The validation of these entities in the capital of RAWBANK and subsequent approval by the Central Bank of Congo speaks for the transparency efforts by RAWBANK.
4. KPM FINANCE SA.
The appointment of a managing director of a credit institution as a director in another company is not prohibited if it is done in compliance with the legal requirements in this regard.
Thus, in 2004 Mr. Thierry TAEYMANS joined the Board of Directors of the company KPM FINANCE, a company incorporated under Belgian law as a non-active Administrator. He was released in 2005.
He was never involved in the active management of the company or intervened in other entities constituted and / or subsequently attached to KPM FINANCE SA.
According to the Belgian Official Monitor, the company filed for economic bankruptcy in 2012, contrary to what is reported maliciously in some press as bankruptcy for fraudulent activities.
RAWBANK SA wishes to reassure the public and all its stakeholders-parts of its firm commitment to ensuring and maintaining the transparency of its activities.
It continually undertakes, under the leadership of its Management, to align the management and the highest ethical standards.
Determined to continue fulfilling its mission, RAWBANK SA thanks its clients and partners for the trust that they continue to show and reaffirms its commitment to its purpose, namely to be the reference bank in the Democratic Republic of Congo.