As she announced the results yesterday, the CEO of BK Group Plc, Dr Karusisi Diane said that national economy registered an exciting growth of 8.6% enabling the company’s uninterrupted growth.
“All our subsidiaries reported strong performance leading to a net income of Rwf 27.4 billion. We are focused on delivering higher value for our shareholders and plan to report even better numbers this year 2019,” she said.
The profit emanated from increased net loans in 2018 having reached to Rwf 568.1 billion with an increase of 20.4% as of 31 December 2018 compared to previous year.
“Increased loans earn us more interest. Our business went beyond banking as we currently offer insurance services. We have enough money for loans and investment in technology,” said Karusisi.
BK Group Plc total assets reached Rwf 877.4 billion as of 31 December 2018 a 20.7% rise.
BK Group Plc is made of Bank of Kigali, BK TecHouse, BK General Insurance and BK Capital.
The CEO of BK Capital, Carine Umutoni has said that “BK Capital was launched officially 2 weeks ago though it has been operational for the last few months of 2018 and has grown funds under management to Rwf1.7 billion from the private pension schemes assets under management.”
It is for the first time BK Group Plc announces results since it listed on Nairobi Stock Exchange with 222.2 shares on 29th October 2018.
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