Company Overview of Bank of Kigali Limited
Bank of Kigali Limited provides retail and corporate banking services to individuals and legal entities in Rwanda. It operates through Retail Banking, Corporate Banking, and Central Treasury segments. The company provides current accounts, joint accounts, call and term deposit accounts, and fixed deposits, as well as BK special, cash extra, student’s, and juniors saving accounts; and consumer, mortgage, vehicle, and agriculture loans, as well as other credit facilities in local and foreign currencies, and overdrafts. It also provides funding and centralized risk management services; issues debt securities; invests in liquid assets, such as short-term placements, and corporate and government ...
Bank of Kigali Building
Avenue de la paix
PO Box 175
Founded in 1966
Key Executives for Bank of Kigali Limited
Acting Chief Financial Officer
Chief Shared Services Officer
Compensation as of Fiscal Year 2016.
Bank of Kigali Limited Key Developments
Bank of Kigali Limited, Annual General Meeting, May 16, 2016
May 10 16
Bank of Kigali Limited, Annual General Meeting, May 16, 2016, at 15:30 South Africa Standard Time. Location: New Century Residence Kigali Rwanda South Africa
Bank of Kigali Limited Announces Earnings Results for the First Quarter Ended March 31, 2016; Reports Impairment on Loans & Advances
May 9 16
Bank of Kigali Limited announced earnings results for the first quarter ended March 31, 2016. Interest income was USD 23.5 million compared to USD 20.5 million a year ago. Net interest income was USD 18.1 million compared to USD 16 million a year ago. Total operating income was USD 25.4 million compared to USD 21.9 million a year ago. Profit before tax was USD 10.5 million compared to USD 9.8 million a year ago. Net income was USD 7.2 million compared to USD 7.7 million a year ago. Return on average assets was 3.7% compared to 4.3% a year ago. Return on average equity was 20.8% compared to 23.1% a year ago.
Net impairment on loans & advances were USD 2.9 million compared to USD 2.5 million a year ago.
Bank of Kigali Announces Executive Changes
Feb 9 16
Bank of Kigali has appointed Dr. Diane Karusisi as the new Chief Executive Officer replacing Dr. James Gatera who has served in this position since 2007. According to a statement signed by Marc Holtzman, the chairman board of governors of Bank of Kigali and Dr. Shivone Byamukama the company secretary, Gatera’s resignation takes effect from the time when the Central Bank approves a new chief executive. The statement adds that Gatera has accepted a new position that will be announced in the nearest future. Dr. Karusisi joins the bank after serving on several boards including financial Institutions and comes with extensive experience in managing private and public sector institutions. She has been working in the Office of the President where she headed the Strategy and Policy Unit and prior to that, she was Director General of the National Institute of Statistics of Rwanda (NISR).
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