BK Group Plc has posted a Q1 2025 net profit of RWF 25.2 billion (KSh 2.7 billion), marking a 5.4% rise year-on-year.
- •Net interest income rose 11.2% to RWF 50.2 billion (KSh 5.4bn), underlining the strength of the core banking business.
- •Non-interest income dropped 33.0% to RWF 13.3 billion (KSh 1.4bn), dragging the total operating income slightly, by 2.3%, to RWF 63.5 billion (KSh 6.8bn).
- •Despite the revenue dip, the Group delivered its most efficient quarter in 8 years.
The cost-to-income ratio improved to 33.9%, down from 36.9% in 2024. NPLs remained low at 3.6%, while ROAE stood at 22.3%, slightly below the prior year’s 25.3%.
Q1 2025 vs Q1 2024 Comparison
| Metric | Q1 2025 | Q1 2024 | Change |
|---|---|---|---|
| Net Income (PAT) | RWF 25.2B (KSh 2.7B) | RWF 23.9B (KSh 2.4B) | +5.4% |
| Net Interest Income | RWF 50.2B (KSh 5.4B) | RWF 45.1B (KSh 4.7B) | +11.2% |
| Non-Interest Income | RWF 13.3B (KSh 1.4B) | RWF 19.9B (KSh 2.1B) | –33.0% |
| Total Operating Income | RWF 63.5B (KSh 6.8B) | RWF 65.0B (KSh 6.6B) | –2.3% |
| Cost-to-Income Ratio | 33.9% | 36.9% | Improved |
| ROAE | 22.3% | 25.3% | –3.0pp |
| ROAA | 3.9% | 4.4% | –0.5pp |
| Net Loans | RWF 1.55T (KSh 166.1B) | RWF 1.33T (KSh 150.7B) | +16.5% |
| Customer Deposits | RWF 1.68T (KSh 180.6B) | RWF 1.38T (KSh 166.4B) | +21.6% |
| Total Assets | RWF 2.61T (KSh 280.7B) | RWF 2.21T (KSh 256.6B) | +17.9% |
Subsidiary Highlights
BK Group’s non-banking arms also posted solid growth:
- •BK Insurance grew gross written premiums by 12.7% to RWF 3.5B, maintaining a strong 83% combined ratio.
- •BK TecHouse saw revenues rise 45% year-on-year, thanks to higher adoption of digital identity and payment platforms.
- •BK Capital more than doubled its AUM to RWF 92.3B, driven by strong investor inflows.
Long-Term Growth Snapshot (Q1 2018 – Q1 2025)
Since 2018, BK Group has:
- •Quadrupled its Q1 net profit
- •More than tripled its asset base
- •Maintained double-digit growth in deposits and loans
This sustained momentum confirms BK’s evolution from a national leader into a regional financial powerhouse.
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 6.0 Bn | 7.5 Bn | 6.2 Bn | 11.1 Bn | 15.6 Bn | 17.9 Bn | 23.9 Bn | 25.2 Bn |
| Net Interest Income | 17.3 Bn | 23.4 Bn | 27.6 Bn | 30.6 Bn | 33.3 Bn | 36.2 Bn | 45.1 Bn | 50.2 Bn |
| Non-Interest Income | 7.7 Bn | 6.4 Bn | 6.4 Bn | 7.9 Bn | 9.4 Bn | 18.7 Bn | 19.9 Bn | 13.3 Bn |
| Operating Income | 25.0 Bn | 29.8 Bn | 34.0 Bn | 38.5 Bn | 42.7 Bn | 54.9 Bn | 65.0 Bn | 63.5 Bn |
| Cost-to-Income Ratio | 43.6% | 39.9% | 35.5% | 36.1% | 39.9% | 38.5% | 36.9% | 33.9% |
| ROAE | 19.2% | 15.2% | 11.2% | 19.1% | 21.6% | 22.1% | 25.3% | 22.3% |
| ROAA | 3.3% | 3.3% | 2.4% | 3.6% | 3.8% | 4.0% | 4.4% | 3.9% |
| Net Loans | 477.4 Bn | 603.3 Bn | 678.6 Bn | 890.3 Bn | 987.4 Bn | 1,118.8 Bn | 1,328.9 Bn | 1,548.1 Bn |
| Customer Deposits | 470.1 Bn | 562.4 Bn | 685.1 Bn | 833.0 Bn | 1,026.3 Bn | 1,058.8 Bn | 1,381.2 Bn | 1,679.9 Bn |
| Total Assets | 755.2 Bn | 907.8 Bn | 1,090.7 Bn | 1,390.0 Bn | 1,698.7 Bn | 1,741.7 Bn | 2,210.8 Bn | 2,605.7 Bn |
