Earnings Report /
Rwanda

Bank of Kigali: Strong Q3 21 performance; resumes dividend payment

  • Fee income boosts non-interest revenue after regulator expands transaction limits

  • Improved asset quality now resulting in lower demand for loan loss provision charge

  • Dividend payout expected to be 50% in FY 21; reiterate Buy

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
5 November 2021
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