Bank of Kigali (BK) registered a half year after tax profit to the tune of Rwf11.4 billion compared to Rwf 10.9 billion in the same period last year.

According to figures released by the bank on Friday, the gross income stood at Rwf16.7 billion compared to Rwf15.8 billion in the same period in 2016.

It is estimated that the lender could register an after tax profit of between Rwf22 and Rwf24 billion at the end of the year, given the bank’s performance in the first half of the year and market performance.

Speaking while presenting the statistics, Vincent Gatete, the bank’s Chief Commercial Officer, said that in pursuit of growth, they had so far served over 258,000 retail customers and over 26,000 corporate clients.

Total bank assets as of June 30 this year were valued at 719.3 billion which is a 16.2 per cent growth compared to the same period last year.

According to the bank’s half year performance statement, net loans and advances grew to about Rwf450.5 billion while clients’ balances and deposits stood at Rwf483.8 billion.

The process of growth also saw the bank’s operating cost go about by about 16 per cent to Rwf 21.2 billion.

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