Bank of Kigali first half pre tax profits fall by 3% to $24mn

This stock has been a consistent dividend payer returns averaging 4.5% past five years.

2013: dividend RWF 11.10 share price at results date RWF 330 [3,36% / 3,20% after tax]
2014: dividend RWF 16.33 share price at results date RWF 294 [5.55% / 5.23% after tax]
2015: dividend RWF 12.15 share price at results date RWF 280 [4.34% / 4.12% after tax]
2016: dividend RWF 12.30 share price at results date RWF 243 [5.06% / 4.81% after tax]
2017: dividend RWF 13.87 share price at results date RWF 295 [4.70% / 4.47% after tax]
2018: dividend RWF 12.20 share price at results date RWF 275 [4.40% / 4.21% after tax]

FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts?

FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts?

Proposed dividend passed at AGM 'despite a difficult outlook for the year 2020'. Disbursement is however subject to approval by the BNR.

https://www.ktpress.rw/2...ends-upon-bnr-approval/