The impressive profit is largely attributed to the exceptional services provided by its subsidiaries, including Bank of Kigali, BK General Insurance, BK TecHouse, and BK Capital Ltd. The financial figures were unveiled on Wednesday, November 29, 2023.
In addition to the nine-month results, BK Group recorded a profit of Rwf18.2 billion in the third quarter of 2023, marking a significant 19.8% surge compared to the corresponding period last year.
CEO Béata Habyarimana expressed her satisfaction with the sustained growth of the company, attributing the success to the collaborative efforts of its subsidiary companies. This collective strength has fortified BK Group’s position in the market, reflecting positively in the financial results.
Habyarimana conveyed optimism for continued growth in the fourth quarter of 2023, emphasizing the resilience and strategic initiatives contributing to the company’s upward trajectory.
Furthermore, Habyarimana announced that the board of directors has decided to distribute Rwf8 billion in dividends in December, reflecting the company’s commitment to delivering value to its shareholders.
The statistics further reveal that BK Group PLC’s total assets reached Rwf1,195.9 billion in the first nine months, reflecting a robust 13.3% increase compared to the corresponding period last year.
Additionally, customers’ balances and deposits totaled Rwf1,260.9 billion, further highlighting the strong financial standing of the company.
BK Group PLC continues to showcase resilience and growth, reaffirming its commitment to delivering value to both shareholders and customers in the dynamic financial landscape.