Kigali, March 14th, 2019 – BK Group Plc has officially launched a fourth subsidiary company BK Capital Ltd that offers advisory and investment services.

BK Capital was first Introduced to the market in 2013 as BK Securities Limited a security brokerage licensed by the Capital Markets Authority. Its portfolio has expanded to offer the following services: Investment & Wealth Management, Corporate Finance & Advisory services, Brokering of capital markets instruments – bonds & equities, Pension Fund’s administration.

Commenting on the launch, BK Group Plc Chairman, Marc Holtzman said: “Rwanda’s economic landscape holds so much untapped potential, so we’ve aligned our strategy to capitalize on it. Our priority is expanding our financial services portfolio to make our brand into a One-Stop Center under which those services are available to customers. The country envisions to have more robust budget, and we are proudly taking a lead.”

Partnership for technical and strategic support

BK Capital ltd has entered into a partnership with Swan Group, the leading financial solution provider in Mauritius. The non-insurance cluster of Swan, licensed by the Financial Services Commission of Mauritius, offers corporate advisory services, asset management services and stock-broking services, has a total asset under management equivalent to 1.4Billion USD and presents extensive expertise in the fund management business in Mauritius with global outreach.

Financial services portfolio

After this addition, BK Group now counts 4 main subsidiaries:

  • Bank of Kigali Plc which provides corporate and retail banking services;
  • BK TecHouse’s whose task is to drive digital innovation through providing connectivity solutions and software & analytics products;
  • BK General Insurance that offers insurance packages including motor, fire, transport & money insurance and more; and
  • BK Capital Ltd

Bank of Kigali growth

  • Bank of Kigali was among the very first banks opened in Rwanda. It was incorporated in 1966 and started operations a year later.
  • BK was the first Rwandan bank to, in June 2011, list on the Rwanda stock exchange; and
  • becoming the first Rwandan company to cross-list on the Nairobi Securities Exchange last year.

The Group has posted consistent positive growth since it issued its IPO in 2011, largely attributed to a strong management team with extensive banking sector experience, complemented by an experienced and diversified Board of Directors.