Rwanda: BCR Profits Up 35.2 Percent

1 September 2011

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 publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.