FEATURED: BK donates Rwf282m to coronavirus relief, offers grace period on loans

Bank of Kigali Group has donated Rwf282m to coronavirus relief. A cash donation to support vulnerable community members that have been affected by the crisis. / File

In response to the COVID19 pandemic and its diverse social-economic impacts, BK Group has rolled out intervention to support its clients and the Rwandan community in general.

The banking arm of BK Group, Bank of Kigali has said that they will offer a grace period of up to 3 months for principal or interest payments in support of their clients’ businesses that are affected by the pandemic.

 

With multiple businesses currently interrupted by the lockdown to contain the epidemic, the move will go a long way in facilitating to overcome cash flow and liquidity challenges.

 

For customers of the bank who would want to continue paying their loans, Bank of Kigali promised to waive all late payment penalties on all loans with monthly instalments) including BKquick loans as well Credit card penalties for the months of March, April and May 2020.

 

Bank of Kigali Chief Executive Officer, Dr. Diane Karusisi addresses journalists in a recent press briefing (file)

Clients can call their respective Relationship Managers or Branch Business Managers to gain insights on eligibility to receive the above mentioned assistance.

BK Group also made a cash donation to support vulnerable community members that have been affected by the crisis.

The Group is availing Rwf282 million that will be handed to the Government to support in the distribution of cash and supplies to vulnerable families that are affected by the crisis.

“In this challenging and uncertain times, the wellbeing of our communities remains our utmost priority. We will continue to provide banking services preferably through digital channels and are committed to doing our part to ensure everyone’s safety and comfort,” the Group noted in a statement.

In a recent interview with The New Times, Bank of Kigali Chief Executive Officer, Dr. Diane Karusisi, said that despite an impressive performance last year of Rwf37.3 billion in profit, this year would be focused on supporting economic recovery from the social-economic impact of the novel Coronavirus.

The Bank’s CEO said that BK Group remains ready to work with the private sector as the country seeks to get back from the crisis.

cmwai@newtimesrwanda.com

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