BK’s half-year profit before tax Increases by 5.9%

Bank of Kigali CEO Diane Karusisi, chief commercial officer Vincent Gatete and chief finance officer Nathalie Mpaka respond to questions at the presentation of the half-year results.

Bank of Kigali’s profits before tax in the first half of this year amounted to Rwf 16.7 billion, which is a 5.9% increase year on year.

“I am happy with our overall half-year performance,” said BK’s CEO Diane Karusisi. “The numbers really speak for themselves and show that the bank is in a very good position because we have recorded growth across all core indicators including shareholders’ equity, which has increased by 13.2% year-on-year.”

Karusisi said the performance also shows that 2017 is not only about “celebrating “our 50th anniversary, as we head into the second half of year.”

BK’s net interest income increased by 9.2% year-on-year to Rwf 30.4 billion while total operating costs increased by 16% to Rwf 21.2 billion.

Savings campaign

The lender also launched a 3-month savings campaign called ‘Bigereho na BK’ or ‘Achieve Your Dreams,’ in which people who open a BK savings account or depositing money in an existing one can win prizes worth hundreds of million including a Rwf 38 million lorry.

“This campaign is an opportunity for non-customers to open an account and become part of our five-decade success story, but also join us on a new journey into the future where we will continue to contribute to the transformation of our people through innovation services,” Karusisi said.

Through the Bigereho na BK campaign, the bank hopes to address two challenges: deepening financial inclusion by encouraging people to open a bank account, and promoting a savings culture by enticing customers to deposit money in their savings account and leave it there for the campaign’s duration, to support short-term micro-lending efforts.

The campaign, through prizes such as cows and a lorry (the grand prize), also aims at promoting entrepreneurship to support job creation efforts.

  • By Hope Magazine
  • Posted 26th August 2017

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