BK GROUP (BKG) Q2 2025 earnings summary

Executive summary

• Net income rose 8.6% year-over-year to RWF 51.9 billion (US$36.4 million), with ROAA at 4.0% and ROAE at 22.5% for H1 2025.

• Total operating income increased 4.0% year-over-year to RWF 131.6 billion, driven by a 12.2% rise in net interest income.

• Asset quality improved, with the non-performing loan ratio at 3.3% and NPL coverage at 53.9%.

• The group maintained strong capital and liquidity positions, with core capital to risk-weighted assets at 20.4%.

Financial highlights

• Total assets grew 4.9% year-to-date to RWF 2,644.1 billion; net loans to customers increased 15.7% to RWF 1,682.0 billion.

• Customer deposits rose 5.9% to RWF 1,738.5 billion; shareholders' equity increased 10.1% to RWF 482.8 billion.

• Net interest margin stood at 9.0% for H1 2025.

• Cost-to-income ratio improved to 36.4% from 36.6% in H1 2024.

• Earnings per share increased to RWF 111.6 from RWF 97.8 year-over-year.

Outlook and guidance

• Favorable macroeconomic conditions in Rwanda, with 7.8% GDP growth in Q1 2025, are expected to support continued demand for credit and financial services.

• The group aims to leverage digital innovation, asset quality, and efficiency to sustain growth and returns.