Bank of Kigali Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Bank of Kigali Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income was $19.4 million against $16.8 million a year ago. Net interest income was $14.7 million against $13.2 million a year ago. Total operating income was $23.3 million against $21.1 million a year ago. Profit before tax was $9.1 million against $7.5 million a year ago. Net income was $7.2 million against $5.9 million a year ago. Return on average assets was 4.4% against 4.1% a year ago. Return on average equity was 25.9% against 22.8% a year ago. Basic book value per share was RWF 120.7 against RWF 100.0 a year ago.
For the six months, the company reported interest income was $37.7 million against $31.6 million a year ago. Net interest income was $28.9 million against $24.9 million a year ago. Total operating income was $45.1 million against $38.9 million a year ago. Profit before tax was $18.3 million against $14.3 million a year ago. Net income was $14.5 million against $11.3 million a year ago. Return on average assets was 4.4% against 4.3% a year ago. Return on average equity was 26.0% against 21.8% a year ago.