Nairobi cross-listed financial services company, BK Group Plc, has reported net income of RWF 83.5 billion (KSh 7.5Bn) for 9M 2025, a 19.8% rise year on year driven by lower impairment costs and strong loan growth, despite pressure on non-funded income.
- •The Group delivered a return on average assets of 4.3% and a return on average equity of 23.6% as assets increased 7.6% to RWF 2,712.6 billion (KSh 242.9Bn) and net loans grew 17.2% to RWF 1,703.5 billion (KSh 154.2Bn).
- •Total operating income rose 7.0% to RWF 203.8 billion (KSh 18.2Bn), supported by a 13.5% increase in net interest income to RWF 159.7 billion (KSh 14.3Bn) on healthy loan expansion and stable margins.
- •Non-interest income declined 11.4% to RWF 44.1 billion (KSh 3.9Bn) as foreign-exchange and fee income softened.
Operating expenses were contained at RWF 75.4 billion (KSh 6.8Bn), improving the cost-to-income ratio to 37.0% from 37.9% last year. Efficiency gains across subsidiaries and benefits from the shared-services model supported the improvement.
Credit costs fell sharply with net impairment charges dropping 47.6% to RWF 12.1 billion (KSh 1.1Bn). The NPL ratio improved to 3.0% from 4.8%, a 180-basis-point reduction, supported by tighter underwriting and proactive management.
The annualised cost of risk fell to 1.0% from 2.1%, helping lift profit before tax by 22.2%. Coverage remained adequate, with NPL coverage at 50.4% and net NPL coverage at 101.8%.
The balance sheet remained resilient. Total assets rose 7.6% to RWF 2,712.6 billion (KSh 242.9Bn), driven by loan expansion and deposit growth. Customer deposits increased 3.0% to RWF 1,690.8 billion (KSh 153.0Bn), while shareholder equity strengthened 15.4% to RWF 506.1 billion (KSh 45.3Bn).
Subsidiary Performance
Subsidiaries maintained positive momentum.
- •Bank of Kigali continued to anchor Group earnings with strong loan growth and stable funding.
- •BK General Insurance posted 12.7% growth in gross written premiums, while BK Capital doubled assets under management to RWF 141.8 billion.
- •BK TecHouse delivered a 31.5% rise in revenue, supported by growth in digital services and software demand.
The Board declared an interim dividend of RWF 11.2 per share, up 7.7% from last year. Book closure is set for 8 December 2025 and payment for 12 January 2026. Management said the Group remains positioned for continued growth, supported by Rwanda’s 7.8% GDP expansion, contained inflation and stable currency conditions.
