Rwanda: Bank of Kigali Defies Odds, Posts $7m Profit

Bank of Kigali Group has announced a net profit of $7 million in the first three months of this year. This is a 9.4 per cent growth from $6.4 million in the same period last year.

The growth comes at a time sector profits are declining as banks implement the International Financial Reporting Standard 9 (IFRS9).

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