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BK BK GROUP PLC Kigali , November 5th , 2021 BK Group Plc Announces Unaudited , IFRS - Based Q3 & 9M 2021 Results CONSOLIDATED RESULTS - UNAUDITED FINANCIALS 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 FRW ( bn ) 9M 2021 US $ ( min ) KES ( bn ) 126.1 125.6 14.0 44.2 44.0 4.9 82.0 81.6 9.1 36.7 36.6 4.1 Change Y - o - Y 22.5 % 26.3 % 20.6 % 33.0 % 3Q 2021 Change FRW ( bn ) US $ ( mln ) KES ( bn ) q - o - q Y - O - Y 42.7 42.6 4.7 ( 3.8 % ) 11.4 % 16.8 16.7 1.9 5.2 % 40.6 % 25.9 25.8 2.9 ( 8.8 % ) ( 1.9 % ) 14.0 13.9 1.5 20.2 % 21.1 % 9M 2021 Change FRW ( bn ) US $ ( min ) KES ( bn ) q - o - q YtD Y - O - Y Total Assets 1,548.4 1,542.6 171.5 10.2 % 18.7 % 28.5 % Net Loans and Advances 989.0 985.3 109.5 8.0 % 16.2 % 20.4 % Client Balances & Deposits 927.5 924.1 102.7 8.2 % 17.3 % 19.9 % Total Liabilities 1,270.4 1,265.7 140.7 0.0 % 21.6 % 31.4 % Shareholders ' Equity 278.0 277.0 30.8 2.6 % 7.2 % 16.4 % 9M 2021 Gross Loans / Total Assets 69.8 % YE 2020 71.1 % YE 2019 71.2 % YE 2018 YE 2017 YE 2016 68.4 % 68.2 % 62.3 % Gross Loans / Total Deposits 97.8 % 100.7 % 104.2 % 101.2 % 99.5 % 88.9 % Basic Book Value per share ( FRw ) 307.4 286.7 244.1 217.1 182.0 161.3 ROAA * ROAE * Basic EPS * 3.4 % 18.2 % 54.2 3.3 % 16.0 % 42.6 3.9 % 18.0 % 41.4 3.4 % 17.2 % 39.5 3.4 % 3.5 % 20.2 % 34.7 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 * Quarterly ratios are annualised 9M 2021 1,003.8 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 BK Group Plc announces today its reviewed financial results , reporting Net Income of FRW 36.7 billion ( US $ 36.6 million ) an increase of 33.0 % y - o - y ; with ROAA and ROAE reaching 3.4 % and 18.2 % respectively for the period ended September 30th , 2021 ; • Total Assets increased by 28.5 % y - o - y to FRw 1,548.4 billion ( US $ 1,542.6 million ) as at September 30th , 2021 ; . . Net Loans and Advances increased by 20.4 % y - o - y to FRw 989.0 billion ( US $ 985.3 million ) as at September 30th , 2021 ; Client Balances & Deposits increased by 19.9 % y - o - y to FRw 927.5 billion ( US $ 924.1 million ) as at September 30th , 2021 ; Shareholders ' Equity increased by 16.4 % y - o - y to FRw 278.0 billion ( US $ 277.0million ) as at September 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 non - operating holding company registered with Rwanda Development Board ( RDB ) under Law No. 17/2018 of 13/04/2018 Governing companies . Bank of Kigali Plc ( The Bank ) is the largest and substantive subsidiary of BK Group Plc . The Bank is a licensed commercial bank in Rwanda , with leading market share over 30 % across key metrics . The Bank has a distribution network comprising of 68 branches , 13 outlets , 9 mobivans , 3,044 agents and serves over 361,595 individuals and over 27,117 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 : +250 788143000/4455 Email : csangwa@bk.rw