Bank of Kigali Plc has closed the third quarter of 2025 with strong momentum, posting a Profit After Tax of Rwf 83.3 billion, a 23.1% increase compared to the same period last year. Beyond the numbers, this performance reflects real impact on the ground, farmers harvesting more, entrepreneurs scaling ideas, and families securing their futures. BK’s growth this quarter was marked by a loan book expansion of over Rwf 255 billion, supported by improved asset quality, disciplined cost management , and a customer base that grew by 6.6%. Customer deposits rose to Rwf 1.7 trillion, signaling continued confidence in the bank. The NPL ratio eased to 3% from 4.8% last year, while the cost of risk dropped to 1%, its lowest point in recent years. With total loans reaching Rwf 1,772 billion, Bank of Kigali continues to play a central role in national financing. SMEs accessed Rwf 251 billion, up 23.7%—fueling business expansion, while retail lending grew 15% to Rwf 327 billion, enabling individuals to manage essential needs and long-term goals. Agribusiness financing rose by 53% to Rwf 95.6 billion, empowering farmers, cooperatives, and processors to strengthen food security and modernise production. Corporate and institutional lending increased 13% to Rwf 1,095 billion, supporting critical sectors such as infrastructure, transport, tourism, health, education, and commerce. Commenting on the results, Dr Diane Karusisi, CEO of Bank of Kigali, noted: “The growth registered over the last nine months is a strong reflection of customer trust and our commitment to financing Rwanda’s private sector. Corporate lending remains our largest segment, but retail, agribusiness, and SME portfolios have seen the fastest growth.” Through the BK Foundation, the bank continued to advance financial inclusion and long-term economic participation. During the period, the Foundation trained 632 community members in entrepreneurship and financial literacy, formed 17 savings groups, and supported 189 individuals to start income-generating activities. These initiatives continue to expand access and unlock opportunity for underserved communities. Strong Group performance The broader BK Group also maintained solid results, recording a consolidated PAT of Rwf 83.5 billion in Q3 2025, up 19.8% year on year. Dr Uzziel Ndagijimana, CEO of BK Group, highlighted: “We are pleased to report net income of Rwf 83.5 billion for the first nine months of 2025, representing growth of 19.8% year-on-year. These results reflect solid execution of our strategic priorities in a favourable operating environment characterised by Rwanda's GDP growth of 7.8%, well-contained inflation, and relatively stable currency conditions.” As BK Group enters the final stretch of 2025, it remains focused on strengthening core revenues, deepening customer relationships, and building a financial ecosystem that empowers businesses, communities, and the nation.
