On the 7th September at a Customer event hosted by the bank at the Radisson Hotel, It was announced by the CEO, Lina Higiro, that NCBA Bank Rwanda Plc recorded a half year 2022 Profit before Tax of 1.7 Bn a 352 % growth since 2021, this was boosted by a significant increase in the growth of the loan book which moved from Rwf 39 billion to Rwf 61 billion and in deposits from Rwf 50 billion to Rwf 99 billion from June 2021 to June 2022. However, the focus of the event was that of appreciation for banks customers and the revamp of the NCBA Rwanda Asset Finance offer. It was important to cite that as part of the NCBA Bank Group which has been leader in Asset Finance in the region for over 60 years. NCBA Bank Rwanda followed suit having financed over 200 assets including trucks, personal vehicles and Medical equipment, over the last two years and injecting over 100 new jobs into economy. Ms. Higiro then proceed to announce the launch of ‘Log Book Loan’- stating that customers can now qualify for a personal loan of up 30% of the Value of their vehicle, for 3 years and 50 % for a new vehicle, right out of the show room - zero kilometers for 5 years, within 48 hours. A commitment was further made to provide asset finance facilities to businesses within 5 days after all documentation has been received. From a Group performance perspective NCBA Bank Group Managing Director, Mr. John Gachora, stated that NCBA Group also made great strides in the first half of 2022, where assets grew to RWF 6,045 Bn, 11% up year on year and profit before tax of RWF 111.8 Bn, 51% up year on year. At the same event the Group Chairman and Shareholder Mr. James Ndegwa shared that it is highly commendable that NCBA Bank Rwanda became and sustained profitability in less than 5 years. He also highlighted his visit to the Kigali Genocide Memorial which made him reflect on the impact of history, the powerful choices the country’s leadership has Taken which have led to the positive development and growth of the country. NCBA Bank Rwanda Chairman, Amb, Dr. Rugangazi Benjamin in closing, stated that the bank remains committed to supporting businesses in Rwanda and reaffirmed that. “We aim to be the Bank of choice for your asset finance needs.
