Tag: Bank of Kigali

BK Capital launches first open-ended trust fund

Capital a subsidiary of Bank of Kigali has launched the bank’s first open-ended trust fund with an aim of investing in safe instruments? BK Could this spur investment in the sector? CNBC Africa’s Arnold Kwizera caught up with the Managing Director of BK Capital, Carine Umutoni for more.

Bank of Kigali avails $5.5mn to help small businesses stay open amid COVID-19 crisis

Rwanda’s largest bank by assets, Bank of Kigali is to avail more than $5 million in form of grants to small and medium enterprises to support the perseveration of employment and jobs affected by the COVID-19 pandemic. CNBC Africa spoke with Santos Musonera, Head of Business at Bank of Kigali for more.

Rwanda sets up $100mn COVID-19 relief fund

More collaborations between sectors and the role of financial players in a post-COVID-19 recovery for economies will be key, well according to most experts but will this be enough? CNBC Africa spoke to Marc Holtzman, Chairman of Bank of Kigali for more.

How the Bank of Kigali is tackling the COVID-19 crisis

Rwanda's leading bank, the Bank of Kigali has announced their contribution to the country's relief efforts in a statement outlining concessions they're making for vulnerable clients, and the fund of over $296,000 that the institution will be handing over to the Government to oversee distribution of cash and supplied to families affected by the Covid-19 crisis. Bank of Kigali CEO, Diane Karusisi joins CNBC Africa for more.

Bank of Kigali on earnings, consolidation plans

Rwanda's leading bank by assets Bank of Kigali last week announced a 25 billion francs profit for the first nine months of 2019. CNBC Africa's Arnold Kwizera spoke to the Bank's Board Chairman, Marc Holtzman for more.

Is handling cash too expensive for Rwandan banks? Ted Kaberuka unpacks the argument

In Rwanda, the cost of handling cash is said to be higher than the profits of the all local banks with the exception of Bank of Kigali. On average, the financial institutions spend between 18 and Rwf20 billion annually managing money. Ted Kaberuka, Economic Analyst joins CNBC Africa to share on this and the solution.

BK’s growth largely driven by insurance arms: A discussion of HY resluts

Bank of Kigali announced a profit after tax of $15.8 million, a growth of 8.5 per cent Year-On-Year with return on Average reaching 3.3 and 14.6 per cent respectively for the period ended 30th June. Nathalie Mpaka, BK Group’s Chief financial officer joins CNBC Africa's Fiona Muthoni for more.

Bank of Kigali reports increase in Q1 income

Bank of Kigali reported a net income of about $8.3 million in its first quarter results, an increase of 23.4 per cent compared to the previous year. Nathalie Mpaka, Chief Financial Officer at Bank of Kigali joins CNBC Africa for more.