BK Group Plc nets Rwf 14.6 billion profits in first half 2019.
BK Group Plc has announced audited financial results of the first half of 2019 where it netted Rwf 14.6 billion profit, an increase by 8.5% compared to same period last year.
The net capital grew by 22.1% to Rwf 893.2 billion while disbursed loans increased by 35.1% reaching Rwf 650.2 billion.
The CEO of Bank of Kigali, Dr. Diane Karusisi has said that BK Group subsidiaries including Bank of Kigali, BK General Insurance, BK Capital and BK TecHouse made an impressive performance.
'We continued to disburse a large amount of loans at the Bank of Kigali to sectors including the energy sector where we support some institutions to be able to distribute electricity to Rwandans, we offered loaned technology sector to contribute to national economy among others,' she explained.
The Chief Financial Officer at BK Group Plc, Nathalie Mpaka explained that netted profit is an impressive achievement promising good returns promised to shareholders last year requesting them to increase their stake in the bank.
BK Group Plc earned Rwf 13.4 billion in the first half of the year 2018.