BRD profits up 20%

Rwanda Development Bank (BRD) last week announced an increase in net profits, from Rwf1.2b in 2009 to Rwf1.5b in 2010. The bank attributed the performance to continued government financial support and management efforts.“Given the fact that BRD invests in different companies, most of which we hold significant shareholdings, our actual net profit is slightly above Rwf1.5b,” BRD’s Managing Director