Bank of Kigali raises dividends as profit hits Sh7bn
Click here to read full article from source
Nairobi, March 31 -- Bank of Kigali (BK Group) net profit for the year ended December 2022 rose by a 15.1 percent to Rwf59.7 billion (Sh7.1 billion), prompting the board to increase dividend payout.
The bank, which is listed on both the Nairobi and Rwanda stock markets, reported the rise in earnings from Rwf51.9 billion (Sh6.2 billion) on the back of a 14.5 percent growth in the loan book to Sh135 billion.
The lender has recommended a dividend of Rwf32.5 (Sh3.87), amounting to about Sh3.45 billion or half of the group's after-tax profit.
The latest dividend is a rise from Rwf28.7 (Sh3.42) that was paid for each ordinary share in the previous financial year.
BK Group CEO Beata Habyarimana said the lender's subsidiaries reported strong ...
To read the full article or to get the complete feed from this publication, please Contact Us