Bank of Kigali earned Rwf 5.6 billion net profit in the first quarter of 2017 a 5.8% growth of similar period last year.
The bank’s total assets grew to Rwf 661.6 billion.
The Chief Finance Officer at BK, Nathalie Mpaka has told the media that BK made a good progress in the past few months.
Clients’ deposits increased by 3.5% rising from Rwf 419 billion to Rwf 433.7 billion. Offered loans increased by 10.4% compared to similar period last year rising from Rwf 385.8 billion to Rwf 426.1billion.
The CEO of BK, Dr Diane Karusisi told the media that they want to increase loans to spur development.
“We currently have Made in Rwanda in our country, a program aimed at promoting manufacturing and buying local products. We are analyzing such good projects to provide funding. It is something interesting for us,” she said.
“We will be supporting Rwanda’s economy while expanding our activities. We are looking for good projects in which to invest because it is important to the economy, job creation and expanding trade,” she added.
BK recently announced 50 projects among which the most outstanding ones will receive a loan of Rwf 60 million at zero interest rate.
By 31stMarch 2017, BK had 241,300 retail customers and 25,100 corporate customers, 1321 agents, 79 branches, 93 ATM and 1038 Point of Sales (POS).