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bk BK GROUP PLC BK Group Plc Announces Unaudited , IFRS - Based Q1 2021 Results CONSOLIDATED RESULTS - UNAUDITED Total Operating Income ( Revenue ) Total Recurring Operating Costs Pre - Provision Operating Profit Net Income Kigali , May 31st , 2021 1Q 2021 Change FRW ( bn ) US $ ( min ) q - o - q Y - O - Y 39.0 39.5 6.2 % 14.5 % 11.4 11.5 9.0 % ( 5.7 % ) 27.6 27.9 5.2 % 25.7 % 11.2 11.3 3.2 % 79.2 % 1Q 2021 Change FRW ( bn ) US $ ( min ) q - o - q Y - O - Y Total Assets 1,388.0 1,405.5 6.4 % 27.3 % Net Loans and Advances 897.7 909.1 5.5 % 32.3 % Client Balances & Deposits 843.4 854.1 6.7 % 23.1 % Total Liabilities 1,123.1 1,137.3 7.5 % 29.7 % Shareholders ' Equity 264.9 268.2 2.1 % 17.8 % 1Q21 YE 2020 YE 2019 YE 2018 YE 2017 Gross Loans / Total Assets 71.0 % 71.1 % 71.2 % Gross Loans / Total Deposits 99.7 % 100.7 % 104.2 % 68.4 % 101.2 % 68.2 % 99.5 % Basic Book Value per share ( FRw ) 292.8 286.7 244.1 217.1 182.0 ROAA * 3.3 % 3.3 % 3.9 % 3.4 % 3.4 % ROAE * Basic EPS * 17.0 % 49.3 16.0 % 42.6 18.0 % 17.2 % 41.4 39.5 20.2 % 34.7 The following exchange rates have been used for the translation of the Group's financial statements FRW / US $ Period End Exchange Rates * Quarterly ratios are annualised 1Q 2021 987.5 YE 2020 977.9 YE 2019 921.5 YE 2018 892.0 YE 2017 854.0 BK Group Plc announces today its unaudited financial results , reporting a Net Income of FRw 11.2 billion ( US $ 11.3 million ) . ROAA and ROAE reached 3.3 % and 17.0 % respectively for the period ended March 31st , 2021 . • Total Assets increased by 27.3 % y - o - y to FRw 1,388.0 billion ( US $ 1,4 billion ) as at March 31st , 2021 . • • • Net Loans and Advances increased by 32.3 % y - o - y to FRw 897.7 billion ( US $ 909.1 million ) as at March 31st , 2021 . Client Balances & Deposits increased by 23.1 % y - o - y to FRw 843.4 billion ( US $ 854.1 million ) as at March 31st , 2021 . Shareholders ' Equity increased by 17.8 % y - o - y to FRw 264.9 billion ( US $ 268.2 million ) as at March 31st , 2021 . * y - o - y and q - o - q growth calculations are based on Rwandan Franc values . US $ values have been derived from period - end FRw / US $ exchange rates . Quarterly numbers in this press release are reviewed numbers in accordance with Law No. 07/2008 relating to organisation of Banking , and requirements of regulation No. 03/2016 of 24/06/2016 on Publication by banks of Financial Statements and other disclosures , and Law No. 52/2008 of 10/09/2008 governing Insurance Companies . About BK Group Plc Limited Established in 1966 , BK Group Plc is a group company registered with Rwanda Development Board ( RDB ) and licensed under Law No. 08/99 . Bank of Kigali is the largest bank in Rwanda by Total Assets , with 30.8 % market share as at March 31st , 2021. The Bank has a distribution network comprising 68 branches , 96 ATMs , 2,589 agent outlets and serves over 356,900 individuals and over 26,100 business entities . The Bank has a wide distribution network that includes self - service channels such as deposit - taking ATMs and Point of Sale terminals as well as channels that are geared towards promoting financial inclusion such as mobile vans . The Group has a short - term credit rating of A1 + and a long- term rating of AA- , with a stable outlook , from Global Credit Rating ( GCR ) . In 2011 , the Bank became the second domestic company to be listed on the Rwandan Stock Exchange and in 2018 became the first domestic company to be listed on an international exchange - the Nairobi Securities Exchange . For further information , please visit www.bk.rw or contact : Dr. Diane Karusisi Chief Executive Officer Tel : +250 788143000/4455 Email : dkarusisis@bk.rw Emmanuel Batanage Company Secretary Tel : +250 788143000/4455 Email : ebatanage@bk.rw Christa Sangwa Head of Investor Relations Tel : +254 797 003 444 Email : csangwa@bk.rw