BK profit hits Rwf26.1 billion in the first nine months of 2017 before tax

By IGIHE
On 1 December 2017 at 10:49

Bank of Kigali (BK) has registered a total profit of Rwf26.1 billion tax inclusive in the last nine months of 2017, representing a 5.1% growth compared to Rwf24.9 billion in the same period last year.

The leading financial institution in the country has also, from 30th June, registered a total profit of Rwf17.7 billion tax inclusive up from RwF16.5 billion in the same period last year.

BK Chief Financial Officer, Nathalie Mpaka, attributed the profit to customer loyalty and growth in BK Corporate, Small and Medium Enterprises loan book.

In the first nine months of last year, the bank’s clients’ assets were at Rwf392.7 billion registering an increase of 14% on annual basis compared to Rwf392.7 billion the previous year. The gross loans totaled Rwf452.6 billion compared to Rwf400.5 billion in the first nine months of last year.

In the first nine months of last year, the bank’s total assets were worth Rwf761.3 billion, increasing from Rwf596.4 billion in the same period of the previous year.

According to the Chief Operating Officer at BK, Désiré Rumanyika, the bank keeps an open eye on more customers targeting to expand its growth through offering new services.

“We plan to enable our agents to attract more customers to open up BK accounts through the Bigereho na BK campaign. The bank hopes to deepen financial inclusion by encouraging people to open bank accounts and promoting a savings culture by enticing customers to deposit money on their savings account,” Rumanyika said.

BK Chief Financial Officer, Nathalie Mpaka

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