BK Capital Ltd was first introduced to the market in 2013 as BK Securities Limited; a security brokerage licensed by the Capital Markets Authority. Over time, its portfolio has expanded to offer the following services: Investment & Wealth Management, Corporate Finance & Advisory services, Brokering of capital markets instruments – bonds & equities, Pension Fund’s administration.
Commenting on the launch, BK Group Plc Chairman, Marc Holtzman said that the development was borne out of the institution’s need to tap into Rwanda’s economic landscape and vision of a more robust budget.
“Rwanda’s economic landscape holds so much untapped potential, so we’ve aligned our strategy to capitalize on it. Our priority is expanding our financial services portfolio to make our brand into a One-Stop Center under which those services are available to customers. The country envisions to have a more robust budget, and we are proudly taking a lead.” Holtzman said
After this addition, BK Group now counts 4 main subsidiaries which are namely the Bank of Kigali Plc which provides corporate and retail banking services; BK TecHouse’s whose task is to drive digital innovation through providing connectivity solutions and software and analytics products; BK General Insurance which offers insurance packages including motor, fire, transport & money insurance and more; and BK Capital Ltd.
BK Capital Ltd has entered into a partnership with Swan Group, the leading financial solution provider in Mauritius. The non-insurance cluster of Swan, licensed by the Financial Services Commission of Mauritius, offers corporate advisory services, asset management services and stock-broking services, has a total asset under management equivalent to 1.4Billion USD and presents extensive expertise in the fund management business in Mauritius with global outreach.
The Bank of Kigali was among the very first banks opened in Rwanda. It was incorporated in 1966 and started operations a year later. The institution was also the first Rwandan bank to list on the Rwanda stock exchange, in June 2011, also becoming the first Rwandan company to cross-list on the Nairobi Securities Exchange last year.
The Group has posted consistent positive growth since it issued its IPO in 2011, largely attributed to a strong management team with extensive banking sector experience, complemented by an experienced and diversified Board of Directors.
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