The National Bank of Rwanda (BNR) has unveiled that Rwanda’s banks earned Rwf 60 billion in profit in 2016 before taxes up from Rwf 57 billion in 2015.
The BNR Governor, John Rwangombwa revealed this yesterday during a meeting of monetary policy and financial stability committee members where he noted that Rwanda’s economy grew in 2016 amidst international crisis adding that there is hope that it will keep improving in 2017.
The financial stability committee explained that the financial sector grew by 11.5%.
BNR explained that interest from insurance companies rose from Rwf 21.9 billion in 2015 to Rwf 24.6 billion in 2016.
- The BNR Governor, John Rwangombwa.