{Bank of Kigali has announced it earned Rwf 5.3 billion in the first quarter of 2016 which saw the bank’s profit grow by 18.6%. }
The good performance is attributed to the increase of loans which were increased by 10.3 % and reached Rwf 346.1 billion compared to similar season of last year.
The BK Chief Executive Officer, Dr Diane Karusisi said that such profit have resulted from expansion and good service delivery to clients. She said that BK will keep building a good reputation in the country which will be followed by expanding its activities beyond Rwanda’s borders.
“We still have many things to do in Rwanda. The number of people having bank accounts is still small at only 26%. This poses the need for much more hard work,” she said.
“We want to open an insurance company to grow the access from the current 2% of BK clients still need insurance services so that we can expand activities abroad after making sure that Rwandans have adequate services,” she added.
The director of operations at BK, Lawson Naibo said that BK is undergoing reforms and has made progress over the past five years becoming an institution responding to needs of clients wherever and whenever.
“We expect to offer Master Cards cards having same function as Visa cards. We usually offer Visa but some foreign countries are unaware of such cards,” he said.
BK has 340,155 small scale clients and 31,192 high scale clients as of March 31st 2016. It has 75 branches and plans to open five new branches by the end of 2016.
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