BCR reports drop in earnings

Rwanda Commercial Bank (BCR) reported yesterday that its net income dropped from Rwf898m in 2008 to Rwf859m in 2009 on account of the slow growth of the Rwandan economy and the global financial crisis. Despite a 20.9 percent drop in deposits to Rwf64b from Rwf81b in 2008, the bank said that it emerged from 2009 stronger, more profitable and well capitalized with healthy liquidity levels.
Michael Turner, the representative of Actis. (Photo/ J.Mbnda)
Michael Turner, the representative of Actis. (Photo/ J.Mbnda)
Times Reporter