Renaissance Capital analysis values BK at Rwf89.2bn

Bank of Kigali (BK), Rwanda’s largest lender by market share and capital base, has witnessed a dramatic rise in its value three months after its Initial Public Offer (IPO), according to investment bank, Renaissance Capital. The bank’s value jumped over US$45m (Rwf26.5b) to US$151.2m (Rwf89.2b) from US$104m prior to its listing at the Rwanda Stock Exchange (RSE), elevating the bank’s status to that of its peers in the East African Community, especially Kenyan banks and to a lesser extent with its Sub Saharan African peers in Nigeria.
The headquarters of BK in Kigali.The bank's value has shot to Rwf89.2b since its listing at the RSE.
The headquarters of BK in Kigali.The bank's value has shot to Rwf89.2b since its listing at the RSE.
Times Reporter