Bank of Kigali, Rwanda's biggest bank by assets, made a 21% increase in net profit for the first half of 2013 compared to last year, boosted by growth in corporate and retail lending.
It reported net income of Frw 7.3 billion for the period, while net interest income grew 57% to Frw 16.1b.
During the second quarter, the bank formally launched an agency banking service that began with a testing phase in October 2012. Customers can now open accounts through small agents across Rwanda, leading to some 2,500 new accounts.
BK also launched a service that gives households or individuals with a mobile access to financial services.
"We received additional long-term lines of credit amounting to $20 million which will complement our deposit base and enable us to continue providing long-term financing in the market," the bank's chief executive, James Gatera, said in a statement.
Rwanda sold its 45% percent stake in Bank of Kigali for $62.5 million in a heavily oversubscribed initial public offer in 2011.