BK Group Plc has reported a strong first half of 2025, with a consolidated Profit after Tax of Rwf51.9 billion, representing an 8.6 per cent year-on-year increase, driven by the strong performance of its lending arm – Bank of Kigali. Bank of Kigali Plc has delivered another strong performance, closing the first half of 2025 with a Profit after Tax of Rwf52.2 billion, representing a 12.9% year-on-year increase. In the first half of 2025, this performance was fueled by interest income from a loan book expansion of over Rwf1,681 billion, supported by disciplined cost management, improved asset quality, a customer growth of 7.9%, and a rise in customer deposits to Rwf1,756 billion. With total loans now standing at Rwf1,754 billion, Bank of Kigali is not just financing growth, it’s helping write the story of Rwanda’s progress. ALSO READ: BK Group registers 29% growth in net profit for first half of 2024 But what do these numbers mean for Rwandans? For entrepreneurs: SMEs received Rwf238 billion in financing (up 15% from 2024), helping businesses expand, sustain jobs, and tap into new markets. For individuals: Retail lending reached Rwf313 billion (up 13%), enabling more people to access housing, education, and personal financing that fuel everyday aspirations. For farmers: One of the fastest-growing segments, Agribusiness lending climbed to Rwf95 billion (up 52%), supporting farmers, cooperatives, and processors with tools to modernise agriculture and boost food security. For national development: Corporate and institutional loans grew to Rwf1,105 billion (up 14%), financing infrastructure, transportation, tourism, health, education, and commerce the foundations of Rwanda’s long-term transformation. In addition, the launch of a dedicated Institutional Banking segment is already strengthening services for NGOs and faith-based organisations, while boosting deposit mobilisation and foreign exchange income. Dr Diane Karusisi, CEO of Bank of Kigali, reflected: “These numbers only tell part of the story. What excites us most is the impact behind those numbers. Our commitment is to keep building a bank that grows together with Rwanda.” She also added that BK will soon issue its Comprehensive Sustainability Report, highlighting the impact of its business on communities. We will be reporting the loans given by the bank and their results on livelihoods, jobs, and exports. As part of our Sustainability Report, we also show how the business we do is promoting better gender balance and equity, Karusisi said. Among other prioritites, BK is bringing its services closer to athletes, fans, and creatives through the 'Nanjye ni BK', engaging with them to understand their needs. The initiative aims to support community impact while tailoring banking services. Dr Karusisi further noted that BK’s strategy continues to focus on customer-centricity, digital transformation, and sustainability. BK advanced its digital agenda with BK QUICK+, offering loans up to Rwf50 million in under 15 hours without collateral via the BK mobile app or Internet Banking, and Urubuto Pay, a payments platform enabling instant school fees payment. ALSO READ: https://www.newtimes.co.rw/article/24479/news/featured/press-release-get-up-to-rwf-50m-in-just-15-hours-with-bk-quick- At the subsidiary level, BK Foundation continues to support community development programmes through education, innovation, and environmental conservation, where it; Supported hundreds of students through scholarships, TVET internships, and a new health and biotech education program. Trained and empowered over 130 MSMEs with business development services and launched a five-year partnership set to benefit 8,000 youth and women. Advanced financial inclusion, training more than 600 community members in entrepreneurship, creating savings groups, and opening nearly 500 new bank accounts. BK General Insurance saw gross written premiums rise 17.5 per cent year-on-year to Rwf8.98 billion, supported by a strong and diversified portfolio. BK Capital recorded significant growth, with assets under management nearly doubling to Rwf130 billion, a 95 per cent increase compared to last year, driven by product diversification and new mandates. The Aguka Unit Trust Fund grew 46 per cent year-on-year to Rwf29.86 billion, maintaining its strong growth trajectory. BK TecHouse posted a 36 per cent year-on-year revenue growth, following a peak of 45 per cent in first quarter.On a group level, BK Group has also reported a strong first quarter in 2025, with a consolidated profit after tax reaching RWF 51.9 billion, marking a 8.6% year-on-year increase. Dr Uzziel Ndagijimana, CEO of BK Group, commented on this saying: We are encouraged by the strong momentum carried into the first half of 2025 across all our subsidiaries, underpinned by disciplined execution and a clear focus on sustainable growth. With Rwanda’s economy expanding by 7.8% in the first quarter, demand for credit, investment solutions, and insurance services continues to rise — creating a supportive environment for our strategy to grow core revenues. By strengthening asset quality, enhancing efficiency, and scaling digital innovation, the Group is well-positioned to convert this favourable macro backdrop into robust performance and sustainable returns for our shareholders”
