BK Group has reported a strong financial performance for 2025, posting a net profit of Rwf110.1 billion, up from Rwf91 billion in 2024, driven by growth in lending, increased customer deposits, and disciplined cost management.
The profit represents a 20.9 per cent rise compared to the previous year, supported by higher revenues across business segments and improved operational efficiency.
The Group’s total assets rose 15.8 per cent to Rwf2.9 trillion so far, mainly driven by higher customer deposits, while its loan book expanded by 17.1 per cent, totalling Rwf1.6 trillion.
"2025 was a successful year for the Group, providing strong momentum as we head into 2026 and celebrate the 60th anniversary of Bank of Kigali,” BK Group Chief Executive Officer Uzziel Ndagijimana said during a press conference focused on its performance, on April 2.
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Ndagijimana added that the strong performance was achieved thanks to a combination of disciplined strategy execution and a favourable macroeconomic environment in Rwanda, characterised by robust gross domestic product (GDP) growth and moderate inflation.
"This created good business opportunities for all our businesses, including our group,” he said.
Dr. Diane Karusisi, CEO of Bank of Kigali – one of the group’s subsidiaries – said that the bank’s performance was largely driven by expansion into underserved sectors, including agriculture and small businesses.
"We have continued to expand our business and broaden our client base, reaching close to 780,000 customers. This growth comes from serving more segments, especially those that were previously underserved,” she said.
Karusisi cited the bank’s agribusiness loan portfolio, which extended over Rwf93 billion in financing to around 120,000 farmers.
The bank also recorded strong growth in its SME loan portfolio, which increased by 37 per cent, reflecting a deliberate strategy to support small and medium enterprises, according to its management.
"This diversification is intentional. It allows us to reach more people in the economy and contribute to Rwanda’s economic transformation,” Karusisi said.
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To date, BK’s customer deposits, are close to Rwf2 trillion, with a large share coming from current and savings accounts.
This shift helped reduce the bank’s cost of funding while strengthening its liquidity position.
At the same time, asset quality improved, with the bank reducing its level of non-performing loans to 2.9 per cent, an indicator of healthier lending practices and stronger risk management.
"Our asset quality has improved significantly, showing the discipline in how we lend and the maturity of our business,” Karusisi said.
"We are entering a very important year with a strong foundation, and we remain committed to supporting businesses and the country’s economic transformation.”
However, Anita Umuhire, BK’s Chief Finance Officer, said non-interest income fell by 11.5 per cent year on year, from 25 per cent in 2024 to 21.4 per cent, largely due to foreign exchange reforms that resulted in a loss of about Rwf3.4 billion.
"We also reduced some loan fees to support clients and remain competitive,” Umuhire added.
She explained that the bank’s shift toward current and savings accounts (CASA) strengthened its funding base and reduced the cost of funds from 3.4 per cent to 2.7 per cent, lowering interest expenses from Rwf61.7 billion to Rwf58.4 billion.