Bank of Kigali (BK) earned Rwf 20.5 billion in profit in 2015, an increase of 11.7% compared to 2014.
Last year the BK Board of Governors allowed shareholders to be issued with dividends of 40%, valued at Rwf8.3 billion of earned profits. Every shareholder would get Rwf 12.5 per share. The decision of earning dividends will be confirmed by BK general assembly of May 2016.
In a press briefing yesterday, BK informed the public that until 31st December 2015, the bank had made 327,441 retail and 29,518 corporate transactions.
With 75 branches, the bank has 1,079 agents who offered 628,000 transactions valued at Rwf 57.3 billion by the end of last year.
BK chief of operations, Lawson Naibo said that BK is seeking to diversify services and geographical penetration.
“Increasing the number of our agents will go in connection with delivering the best services to our clients without difficulties,” he said.
BK realized an increase of 16.3% of its total assets valued at Rwf 561.2 billion while the loan portfolio increased by 34.5% last year.
The former CEO of BK, James Gatera expressed appreciation over the achievements and advised management to take strides towards positioning the bank in the East African region.
The acting BK CEO, Dr. Diane Karusisi has commended the out-going CEO for his efforts and promised to show a good performance in collaboration with BK employees.
Dr. Karusisi said that many efforts will be concentrated on improving the way of delivering customers VISA cards which would take a long process and increase technology in communicating with customers among others.
BK was rated the best bank in Rwanda by Euromoney. It received the African Banker Award 2015 and was selected to be the best bank in Rwanda from 2009 to 2014.
The bank recently launched BK Telecom, an institution expected to deliver technology-related services to improve service delivery among BK clients.
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