Earnings Report /
Rwanda

Bank of Kigali: Strong H1 performance and on track to beat management expectations

  • Net interest margin expands on higher loan yields, higher loan book growth and lower cost of funds

  • Resumption of charges on digital channels supports non-interest revenue

  • Buy retained, but discount on price is better on the Rwanda listing

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
6 September 2021
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