The financial results that were revealed on Tuesday indicate that institutions forming BK Group Plc which are Bank of Kigali, BK TecHouse and BK General Insurance earned Rwf9.7 billion profit before tax which marks a growth of 22.9% compared to the previous year.
BK Plc Executive officer, Dr Diane Karusisi said that Rwf6 billion of profit is interesting and matches their targets which had been promised to shareholders.
“Beside the Rwf6 billion of profit in the first quarter, we are expanding activities, loans were increased by 12%, meaning we are issuing increased loans compared to last year. The money goes to develop clients’ businesses and job creation among others, we are proud of that,” she said.
As at March 31st 2018, the bank served over 254,500 retail customers and over 24,000 corporate clients.
“We remain focused on sustainability and innovation to maintain our leadership position in the market. We recently launched our ‘SingombwaKashi’, an initiative to help the country achieve its goal of being a cashless economy by 2024,” she explained.
BK Chief Operations, Désiré Rumanyika said that through embracing technology, the bank will be able to raise loans.
Bank of Kigali Group Plc Board of Directors recently revealed that they intend to cross list the company on the Nairobi Securities Exchange.
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