BK GROUP (BKG) Q1 2025 earnings summary

Executive summary

• Achieved sustained growth in Q1 2025, with total assets up 3.3% YTD to RWF 2,606Bn and profit after tax rising 5.4% YoY to RWF 25.2Bn, reflecting operational resilience and strong shareholder returns.

• Strategic focus on customer-centric innovation, process automation, and data-driven decision-making underpins business performance.

• Operational resilience supported by disciplined execution, innovation, and strong asset quality despite macroeconomic headwinds.

Financial highlights

• Net interest income increased 11.2% YoY to RWF 50.2Bn, while non-interest income declined 33% to RWF 13.3Bn due to lower fees and commissions.

• Total assets reached RWF 2,606Bn (+3.3% YTD); loans and advances grew 6.5% YTD to RWF 1,548Bn.

• Profit after tax was RWF 25.2Bn (+5.4% YoY); EPS rose to RWF 108.22 from RWF 97.8 in FY 2024.

• Cost-to-income ratio improved to 33.9% from 36.9% in Q1 2024; return on equity at 22.3%.

• Customer deposits increased 2.3% YTD to RWF 1,679.9Bn; shareholder equity up 5.6% YTD.

Outlook and guidance

• Expect normalized non-funded income growth in coming months after a one-off transaction in Q1 2024.

• Anticipate continued benefit from stable macroeconomic conditions and predictable costs.

• Management remains focused on core revenue growth, asset quality, and sustainable returns, with continued innovation and disciplined execution.