Bank of Kigali, Rwanda's biggest commercial bank with a market share of 35% is readying for its Annual General Meeting scheduled for May 29. Rwanda's only indigenous bank, which is listed on the stock exchange, plans to pay out Rwf 7.4 billion in dividends. The Independent's correspondent spoke to John Bugunya, the chief finance officer of the bank.
Last year was not generally very good for the banking industry. We saw the ratio of non-performing loans go up and contraction in lending. From your own perspective, why did things go wrong?
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