{"id":44280,"date":"2021-08-31T14:00:00","date_gmt":"2021-08-31T14:00:00","guid":{"rendered":"https:\/\/new.igihe.com\/i-m-bank-rwanda-nets-rwf3-3-billion-after-tax-profit-in-first-half-of-2021\/"},"modified":"2021-09-02T02:59:02","modified_gmt":"2021-09-02T02:59:02","slug":"i-m-bank-rwanda-nets-rwf3-3-billion-after-tax-profit-in-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/i-m-bank-rwanda-nets-rwf3-3-billion-after-tax-profit-in-first-half-of-2021\/","title":{"rendered":"I&#038;M Bank Rwanda nets Rwf3.3 billion after tax profit in first half of 2021"},"content":{"rendered":"<p>Generally, the bank\u2019s operating income was Rwf 14.9 billion which is an increase by 20% compared to last year\u2019s performance.  <\/p>\n<p>The bank also registered Rwf5.2 billion profit before tax.  <\/p>\n<p>The  performance was mainly attributed to increased Net Interest revenue, 19% higher than the same period last year and investment in treasury bonds.<\/p>\n<p>The bank\u2019s management has revealed that the financial performance in the first half of the year reflects the quality of deployed strategy which has broadened earnings and strategically positioned it to thrive through the current global health and economic crisis.<\/p>\n<p> \u201cWe have posted a solid set of results and we are more pleased with the fact that we have helped retain over 1800 MSME jobs and 240 companies through the IFE [Investing for Employment] grant facility and we are ready to disburse the next tranche of 2.5m \u20ac,\u201d said the CEO of I&#038;M Bank Rwanda, Robin Bairstow.<\/p>\n<p>Bonaventure Niyibizi, the Board Chairman of I&#038;M Bank said that the lender posted impressive results despite undoubtedly tough and trying times and managed to remain relevant to its customers and the community by adjusting the way of doing business to meet market needs. <\/p>\n<p>\u201cGoing forward, our focus is not just to survive this pandemic, but to thrive beyond it. That is why we are going ahead with our plans to reimagine how we create value for all our stakeholders. We remain focused on supporting the growth of the MSME sector and private in general which we believe is the backbone of the Rwandan economy,&#8221; he noted.  <\/p>\n<figure class=\"spip-document spip-document-39359 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/i-10.jpg\" alt=\"I&amp;M Bank Rwanda headquarters yet to be inaugurated. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{I&#038;M Bank Rwanda Plc has registered an after-tax profit of Rwf3.3 billion translating into 55 percent growth in the first half of 2021 compared to Rwf2.1 billion recorded in the same period last year.}  <\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-44280","post","type-post","status-publish","format-standard","hentry","category-business","tag-featured-news-home","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/44280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=44280"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/44280\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=44280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=44280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=44280"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=44280"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=44280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}