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Credit to private sector to grow by 13% in 2018

  Rwanda’s financial sector is expected to increase lending to the private sector with the National Bank of Rwanda predicting a 13 per cent growth (in credit to the private sector) in 2018. According to the Monetary Policy and Financial Stability Statement released yesterday by the central bank, the bank …

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Rwf 2,094.9 billion for 2017/2018 budget

The Minister of Finance and Economic Planning, Ambassador Claver Gatete has presented a draft budget for 2017/2018 showing a significant rise from Rwf 1954.2 billion in 2016/2017 to Rwf 2094.9 billion. Internally generated revenues and loans account for 83% of the total budget; 17% will come from foreign aid. As …

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BK nets Rwf 5.6 billion in 2017 first quarter

Bank of Kigali earned Rwf 5.6 billion net profit in the first quarter of 2017 a 5.8% growth of similar period last year. The bank’s total assets grew to Rwf 661.6 billion. The Chief Finance Officer at BK, Nathalie Mpaka has told the media that BK made a good progress …

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