Tuesday, Bank of Kigali announced its full year 2011 unaudited financial highlights, reporting a net income of Rwf8.2 billion (approximately US $ 13.6 million), meaning an increase of 33% year-on-year.They also announced a proposed dividend policy of paying 50% of the Bank’s audited IFRS- based net income in respect of 2011, 2012, and 2013.In the event the proposed policy is approved by the Annual General Meeting to be held in Kigali on April 27, 2012, this would result in the annual dividend of approximately Rwf6.2 per share for 2011.The RSE market recorded a turnover of Rwf366,000 from 3,000 BK shares traded in 1 deal compared to Monday’s trading session which recorded a turnover of Rwf6,717,500 from 15,000 BK shares and 14,900 Bralirwa shares traded in 5 deals.BK shares traded and closed at Rwf122, registering a decline of Rwf3 from Monday’s closing price. While Bralirwa shares remained unchanged from Monday’s closing price of Rwf325.KCB and NMG shares last transacted at Rwf140 and Rwf1,200 respectively.At the end of formal trading hours, there were outstanding bids of 1,000 BK shares at Rwf123 and 400,000 BK shares at Rwf122 and outstanding offers of 169,400 BK shares between Rwf125 and Rwf130. On Bralirwa counter, there were outstanding bids of 30,000 shares at Rwf325 and 10,000 shares at Rwf320 and outstanding offers of 5,000 shares at Rwf330 and 10,000 shares Rwf340.On KCB counter, there was an outstanding bid of 1,700 shares at Rwf135 and no outstanding offer.
