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bk BK GROUP PLC BK Group Plc Announces Reviewed , IFRS - Based Q2 & 1H 2021 Results Kigali , August 31st , 2021 CONSOLIDATED RESULTS - REVIEWED BY THE AUDITORS Total Operating Income ( Revenue ) Total Recurring Operating Costs Pre - Provision Operating Profit Net Income Total Operating Income ( Revenue ) Total Recurring Operating Costs Pre - Provision Operating Profit Net Income Total Assets Net Loans and Advances Client Balances & Deposits Total Liabilities Shareholders ' Equity Gross Loans / Total Assets Gross Loans / Total Deposits Basic Book Value per share ( FRW ) ROAA * ROAE * Basic EPS * FRW ( bn ) 83.4 1H 2021 US $ ( min ) KES ( bn ) 83.8 9.1 27.4 27.5 3.0 56.0 56.3 6.1 22.8 22.9 2.5 Change Y - O - Y 29.2 % 18.9 % 34.9 % 41.5 % 2Q 2021 Change FRW ( bn ) US $ ( min ) KES ( bn ) q - o - q Y - O - Y 44.4 44.6 4.9 13.9 % 45.5 % 16.0 16.1 1.7 40.4 % 46.1 % 28.4 28.6 3.1 3.1 % 45.2 % 11.6 11.7 1.3 4.2 % 17.7 % 1H 2021 Change FRW ( bn ) US $ ( min ) KES ( bn ) q - o - q YtD 1,405.5 916.0 857.1 1,134.4 271.1 1,412.4 920.5 153.6 1.3 % 7.8 % Y - O - Y 20.4 % 100.1 2.0 % 7.6 % 15.9 % 861.3 93.6 1.6 % 8.4 % 14.2 % 1,140.0 123.9 0.0 % 8.6 % 21.2 % 272.4 29.6 2.3 % 4.5 % 17.2 % 1H 2021 71.3 % 99.7 % 299.7 YE 2020 71.1 % 100.7 % 286.7 YE 2019 71.2 % 104.2 % 244.1 YE 2018 68.4 % 101.2 % YE 2017 68.2 % 99.5 % YE 2016 62.3 % 88.9 % 217.1 182.0 161.3 3.4 % 17.2 % 50.3 3.3 % 16.0 % 42.6 3.9 % 18.0 % 41.4 3.4 % 17.2 % 39.5 3.4 % 20.2 % 34.7 3.5 % 20.0 % 30.9 The following exchange rates have been used for the translation of the Group's financial statements FRW / US $ Period End Exchange Rates FRW / KES Period End Exchange Rates 1H 2021 995.1 9.2 YE 2020 977.9 8.9 YE 2019 921.5 9.0 YE 2018 892.0 8.6 YE 2017 854.0 YE 2016 807.0 8.2 8.0 * Quarterly ratios are annualised BK Group Plc announces today its reviewed financial results , reporting Net Income of FRw 11.6 billion ( US $ 11.7 million ) an increase of 17.7 % y - o - y ; with ROAA and ROAE reaching 3.4 % and 17.2 % respectively for the period ended June 30th , 2021 . • Total Assets increased by 20.4 % y - o - y to FRw 1,1405.5billion ( US $ 1,412.4 million ) as at June 30th , 2021 . • Net Loans and Advances increased by 15.9 % y - o - y to FRw 916.0 billion ( US $ 920.5 million ) as at June 30th , 2021 • Client Balances & Deposits increased by 14.2 % y - o - y to FRw 857.1 billion ( US $ 861.3 million ) as at June 30th , 2021 . Shareholders ' Equity increased by 17.2 % y - o - y to FRw 271.1 billion ( US $ 272.4 million ) as at June 30th , 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 30.4 % market share as of June 30th , 2021. The Bank has a distribution network comprising 68 branches , 96 ATMs , 2,792 agent outlets and serves over 361,000 individuals and over 26,200 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 : +254 202 711 076 Email : csangwa@bk.rw