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<p>BK Group Plc in 2020 recorded an after-tax profit of more than $39 million, which was a 3 per cent growth compared to the previous year when they registered $38 million. According to the group’s financial statement, revenues grew in all four subsidiaries, Bank of Kigali, BK General Insurance, BK TecHouse and BK Capital. Nathalie Mpaka, CFO at the BK Group joins CNBC Africa for more.</p>


Bank of Kigali posts $39mn full-year profit

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<p>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.</p>


BK Capital launches first open-ended trust fund

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<p>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.</p>


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

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

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<p>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.</p>


Rwanda sets up $100mn COVID-19 relief fund

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<p>Rwanda&#8217;s leading bank, the Bank of Kigali has announced their contribution to the country&#8217;s relief efforts in a statement outlining concessions they&#8217;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.</p>


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

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<p>Rwanda&#8217;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&#8217;s Arnold Kwizera spoke to the Bank&#8217;s Board Chairman, Marc Holtzman for more.</p>


Bank of Kigali on earnings

Bank of Kigali on earnings, consolidation plans

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<p>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.</p>


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

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<p>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&#8217;s Fiona Muthoni for more.</p>


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

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<p>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.</p>


Bank of Kigali reports increase in Q1 income

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<p>On the side-lines of the ongoing Africa CEO Forum, Bank of Kigali signed a RWF 30 billion deal with the European Investment Bank to support new business investment across Rwanda. The new financing will be matched by Bank of Kigali and unlock a total of RWF 60 billion of new private sector investment across Rwanda. CNBC Africa filed this report.</p>


Bank of Kigali, EIB sign Rwf 30bn deal to support SMEs in Rwanda

<p>NAIROBI (Reuters) &#8211; Rwanda’s Bank of Kigali will spend more than half of the $67.5 million it raised from a cash call this month to boost lending to local firms, its chief executive said.</p>
<p>The economy of the East African nation, one of the fastest growing in the region, is expected to expand by 6-7 percent this year on the back of rising exports, driving demand for borrowing by firms to fund expansion, said the CEO.</p>
<p>“Around $40 million of the capital we have raised is going to go into our banking business. This will allows us to lend more and increase our single (borrower) limit,” Diane Karusisi told Reuters after some of the bank’s shares were listed on the Nairobi bourse.</p>
<p>“To the blue chip companies in our country this is very good news because we will be able to support the growth opportunities.”</p>
<p>MTN Rwanda, the biggest mobile operator, closed a syndicated loan deal for 50 billion francs ($56 million) with eight local lenders this week, showing the potential for corporate lending, Karusisi said.</p>
<p>“We have many similar opportunities in Rwanda,” she said.</p>
<p>A portion of the balance of the funds raised by the bank, which is the biggest lender in the country, would go towards setting up a life insurance business. About $10 million will go towards bolstering its IT systems to support digital banking.</p>
<p>“We believe that just like the Kenyan market has done, we are going to be able to provide all financial services at the fingertips of our clients on mobile,” Karusisi said.</p>
<p>Bank of Kigali is the first Rwandan company to list on the Nairobi Securities Exchange and the second in East Africa after Ugandan power firm Umeme, which listed shares in 2012.</p>
<p>Bank of Kigali shares came at a reference price of 30 shillings ($0.29) and bidders were offering 32.50 shillings after trading started.</p>
<p>($1 = 889.8493 Rwandan francs)</p>
<p>($1 = 102.5000 Kenyan shillings)</p>
<p>Reporting by Duncan Miriri; Editing by Robin Pomeroy</p>


Here’s what Rwanda’s Bank of Kigali is setting aside $40m for…

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<p>Bank of Kigali’s TecHouse launched in March 2017 with an aim of driving the bank’s innovation agenda is among the finalists of this year’s All Africa Business Leaders awards in the innovator of the year category for East Africa region. Joining CNBC Africa for more is Régis Rugemanshuro, Chief executive officer of BK TecHouse.</p>


BK TecHouse nominated for AABLA innovator of the year award

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<p>RSE listed companies have released their Q1 results. I&#038;M Bank’s profit after tax increased to Rwf6.5 billion as of December 2017, representing a 12 per cent rise from 2016 profit. Bank of Kigali&#8217;s pre-tax profit rose 22.7 per cent to $11.15 million.</p>


Rwanda’s latest company earnings results

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<p>Bank of Kigali plans to list at the Nairobi Securities Exchange. The firm announced this earlier today at their annual general assemble making it the first local company to cross-list.</p>


Bank of Kigali to list at the Nairobi Securities Exchange

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<p>Rwanda’s Bank of Kigali Group plans to raise up to $100 million next year through issuance of new shares to existing shareholders.</p>


Bank of Kigali plans to raise up to $100mn in 2018

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<p>Bank of Kigali has announced a profit after tax of 17.7 Billion RWF, representing a 7.3 per cent increase compared to Q3 and first 9 months last year. Joining CNBC Africa to break down the bank&#8217;s performance is Nathalie Mpaka, CFO.</p>


Bank of Kigali announce increase in profits

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<p>Rwanda&#8217;s insurance sector penetration remains relatively low, at under 3 per cent. A new entrant into the market, Bank of Kigali General Insurance, however promises to achieve two-digit penetration by 2023 with a projected premium of RWF 22 billion.</p>


Bank of Kigali

Bank of Kigali posts $39mn full-year profit

BK Capital launches first open-ended trust fund

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

Rwanda sets up $100mn COVID-19 relief fund

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

Bank of Kigali on earnings, consolidation plans

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

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

Bank of Kigali reports increase in Q1 income

Bank of Kigali, EIB sign Rwf 30bn deal to support SMEs in Rwanda

Here’s what Rwanda’s Bank of Kigali is setting aside $40m for…

BK TecHouse nominated for AABLA innovator of the year award

Rwanda’s latest company earnings results

Bank of Kigali to list at the Nairobi Securities Exchange

Bank of Kigali plans to raise up to $100mn in 2018

Bank of Kigali announce increase in profits

BK General Insurance seeks to shake up Rwanda’s insurance industry

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Bank of Kigali

Bank of Kigali posts $39mn full-year profit

BK Capital launches first open-ended trust fund

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

Rwanda sets up $100mn COVID-19 relief fund

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

Bank of Kigali on earnings, consolidation plans

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

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

Bank of Kigali reports increase in Q1 income

Bank of Kigali, EIB sign Rwf 30bn deal to support SMEs in Rwanda

Here’s what Rwanda’s Bank of Kigali is setting aside $40m for…

BK TecHouse nominated for AABLA innovator of the year award

Rwanda’s latest company earnings results

Bank of Kigali to list at the Nairobi Securities Exchange

Bank of Kigali plans to raise up to $100mn in 2018

Bank of Kigali announce increase in profits

BK General Insurance seeks to shake up Rwanda’s insurance industry

News Tips

Advertise With Us

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