Rwanda Commercial Bank (BCR) registered huge growth in net earnings in quarter two of this year, signalling a major turn around in one of the country's largest lenders previously marred by a series of poor risk management practises stretching from 2007 to 2009.
The bank announced that net profits rose by 35.2 per cent to Rwf1.3b between April and June this year, up from Rwf961.3m at the same period last year as it increased its lending to the economy, mainly Small and Medium Enterprises (SMEs).
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article