BK Group Plc announces today its reviewed financial results, reporting Net Income of FRw 19.7 billion (US$ 22.5 million) an increase of 11.1% y-o-y; with ROAA and ROAE reaching 3.5% and 20.4% respectively for the period ended 30 September 2018.

  • Total Assets increased by 0.3% y-o-y to FRw 763.5 billion.
  • Net Loans and Advances increased by 10.6% y-o-y to FRw 500.7 billion.
  • Client Balances & Deposits increased by 3.1% y-o-y to FRw 492.3 billion.
  • Shareholders’ Equity increased by 12.71% y-o-y to FRw 134.5 billion.

Speaking to media Desire Rumanyika, the Chief Operating Officer of BK Group Plc, said that the performance of the BK Group Plc for the quarter three 2018 is in line with the annual projection.

He also informed the public that the management of the BK Group Plc is pleased with the results of the rights issue with the subscription of above 100%, this shows strong endorsement of the BK Group growth strategy from the existing shareholders and new investors.

Today the BK Group Plc achieved an important milestone by cross listing to the Nairobi securities exchange. We shall maintain focus on the loan book growth, expand Retail and SMEs deposits, and promote digital banking drive and grow our subsidiaries.