BK to give out Rwf 8.3 billion in dividends

Published by IGIHE
On 5 May 2017 saa 04:04
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Bank of Kigali (BK) will give out dividends worth Rwf 8.3 billion to shareholders to the equivalent of 40% of last year’s profit while the rest will be invested in the bank’s long term development projects.

Each share will receive Rwf 12.3. BK earned a profit of Rwf 20.8 billion in 2016 from Rwf 20.5 billion in 2015.

During a general assembly BK held today, the bank has informed shareholders that it received deposits of Rwf 419.0 billion from clients last year up from Rwf 384.7 in 2015.

The loan book grew by 22% from Rwf 324.8 billion in 2015 to Rwf397.6 billion l in 2016.

Marc Holtzman, the chairman board of directors, Bank of Kigali has said that BK will maintain its reputation and meet clients’ needs as the country’s leading bank.

He assured shareholders that BK is heading towards a bright future.

“ I bought shares of mine and others for my children in BK . I didn’t sell them and won’t do it as long as I am alive because I have trust in the future of the bank,”he said.

The CEO of BK Dr Diane Karusisi has said that more achievements are expected to be registered in the not so distant future.

“We hope to strengthen existing financial products and coming up with more innovations for the benefit of our clients. Mobile Banking will help us achieve more in this year,” she said.

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BK management in a general meeting today