It was a limited liability company with 1.016 billion BIF of capital, headed by a former prime minister of Burundi.
The central bank put BCD under receivership on 23 March 2004, after ignoring warning of serious problems for a long period.
A later audit showed several cases of fraud, such as a load of 3.185 billion BIF to purchase land in the Quartier Buyenzi of Bujumbura.
By the time of its failure the bank could only continue operating if it could raise 7.5 billion BIF through recapitalization, loan recovery and sale of assets.
He reassured all people in the interior of the country to whom the State owed money that this issue would soon be solved.