Net interest income increased by 14.5% year-on-year to FRw 11.0 billion. Net non-interest income amounted to FRw 4.1 billion, a decrease of 21.3% year-on-year. Net fee and commission income rose by 11.4% year-on-year to FRw 2.5 billion. Total operating income reached FRw 15.1 billion, an increase of 2.0% year-on-year. Total operating costs decreased by 4.7% year-on-year to Frw 6.6 billion, resulting in an improved Cost to Income ratio of 43.7% as at 31 March 2015 compared to 48.5% from the previous quarter. The Bank reported a Net Income of FRw 5.3 billion for the period, an increase of 7.8% year-on-year.

As at 31 March 2015, the Bank’s total assets stood at FRw 498.0 billion, up 9.7% year-on-year. Gross loans increased by 6.8% quarter-on-quarter and 19.0% year-on-year to FRw 263.6 billion while net loans increased by 8.1% quarter-on-quarter and 22.3% year-on-year to FRw 252.3 billion.

Full results here:http://rwandainvestor.com/bank-of-kigali-net-income-rises-7-8-year-on-year-in-first-quarter-of-2015