Presenting the bank’s performance, Dr. Diane Karusisi, managing director and CEO of Bank of Kigali, said the increase was enabled by Customers’ trust, solid growth on the entire group’s business lines as well as effective cost management.
“Our net loans grew by 6.8 per cent to Rwf481.2billion. In the same period, customer deposits increased by 3.8 per cent to Rwf472.3 billion compared to the same period, last year. The total assets stand at Rwf731.8 billion which represents a growth of 1.7 per cent year-on-year,” Karusisi announced
The bank’s first quarter statistics indicate that the total assets stood at Rwf6.0 billion as of which represents a significant growth of 7.7 year on year.
“We will remain focused on innovation and digitalization to further drive growth, efficiency gains and cost optimization in all the subsidiaries.” Karusisi observed
To maintain their top position on the market, Bank of Kigali Group PLC is presenting a secondary offer, which includes the cross-listing on the Nairobi Securities Exchange, and is scheduled to start this year.
BK will be the first Rwandan company to cross-list in Nairobi and therefore offer Regional and global investors a new opportunity to participate in Rwanda’s growth story.
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