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BK Group lifts half-year net income 8.6% to RWF 56.4 billion

1 min read

Laptop showing a share price chart in a Kigali office above the hills Stock Market
Laptop showing a share price chart in a Kigali office above the hills

The largest company on the Rwanda Stock Exchange grew net interest income to RWF 124.5 billion; deposits rose 11.7% since December while net loans dipped 1.3%.

BK Group Plc, the holding company of Bank of Kigali and the largest listed company on the Rwanda Stock Exchange (RSE), reported net income of RWF 56.4 billion for the six months to 30 June 2026, up 8.6% year on year. The results were released on 31 August and filed with the RSE.

Net interest income rose to RWF 124.5 billion from RWF 108.4 billion in the first half of 2025, helped by a cost of funds of 2.2% a year in the second quarter. Net non-interest income increased to RWF 27.5 billion, including RWF 12.0 billion of fees and commissions and RWF 7.4 billion of foreign-exchange income. Recurring operating costs rose to RWF 52.9 billion from RWF 47.8 billion.

Total assets grew 2.9% since December to RWF 2,984.5 billion (about US$2.03 billion). Client balances and deposits increased 11.7% to RWF 2,105.4 billion, while net loans and advances fell 1.3% to RWF 1,660.1 billion. Lending to agriculture, SMEs and retail customers grew 31.2%. The total qualifying capital ratio was 22.3% of risk-weighted assets.

Among the subsidiaries, BK General Insurance raised net profit 71.5% to RWF 2.70 billion, and BK Capital's assets under management reached RWF 164.8 billion, up 27%. Market reports in August noted that the Rwanda Social Security Board acquired a 70% stake in BK General Insurance from BK Group for RWF 31.7 billion.

BK Group shares are also listed on the Nairobi Securities Exchange. Investors can follow the RSE All Share Index and listed company filings on the exchange's website.

Sources