Bank of Kigali Limited reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total operating income (revenue) was RWF 13.2 billion against RWF 13.8 billion last year, a decrease of 16.8% quarter-on-quarter and a decrease of 4.1% year-on-year. Pre-provision operating profit was RWF 6.7 billion against RWF 6.9 billion last year, a decrease of 19.0% quarter-on-quarter and a decrease of 2.6% year-on-year. Net income was RWF 4.2 billion against RWF 3.6 billion last year, a decrease of 13.6% quarter-on-quarter and an increase of 19.2% year-on-year. ROAA, annualized was 3.7% against 4.0% last year. ROAE, annualized was 21.7% against 21.6% last year. Basic EPS, annualized was RWF 28.0 against RWF 21.6 last year. Net interest income increased by 5.0% year-on-year but fell by 6.1% quarter-on-quarter to RWF 9.4 billion against RWF 8.9 billion last year. Profit before tax was RWF 5.3 billion against RWF 4.7 billion last year.

For the nine months, total operating income (revenue) was RWF 43.8 billion against RWF 38.9 billion last year, an increase of 12.8% year-on-year. Pre-provision operating profit was RWF 22.9 billion, an increase of 15.0% year-on-year. Net income was RWF 14.1 billion against RWF 10.8 billion last year, an increase of 29.9% year-on-year. Basic book value per share was RWF 127.0 against RWF 98.7 at the end of third quarter of 2013. Net interest income increased by 15.8% year-on-year to RWF 29.0 billion against RWF 25.1 billion last year. Annualized ROAA stood at 4.1%, whereas annualized ROAE stood at 24.1% compared to 4.0% and 22.0%, respectively, last year. Profit before tax was RWF 17.8 billion against RWF 13.9 billion last year.