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Banque de Kigali
Ericsson
#461 Posted : Friday, August 30, 2019 9:19:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Bank of Kigali first half pre tax profits fall by 3% to $24mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#462 Posted : Saturday, August 31, 2019 6:21:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,950
Location: nairobi
Ericsson wrote:
Bank of Kigali first half pre tax profits fall by 3% to $24mn

Not a good sign.. But drop is marginal
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#463 Posted : Monday, January 20, 2020 5:14:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
.@BankofKigali cross-listed stock at NSE shed 9.92% to close at 22.70, trading 1,000,000 shares.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Nifiche
#464 Posted : Friday, April 03, 2020 5:11:20 PM
Rank: New-farer


Joined: 4/8/2019
Posts: 27
Nifiche wrote:
Sir invest wrote:
Kenyans!Kenyans!Kenyans!Kenyans!...........be warned that 1 Bob the much you can earn as dividend from BK for the next 5 years per share bought at Ksh.30.



This stock has been a consistent dividend payer returns averaging 4.5% past five years.

2013: dividend RWF 11.10 share price at results date RWF 330 [3,36% / 3,20% after tax]
2014: dividend RWF 16.33 share price at results date RWF 294 [5.55% / 5.23% after tax]
2015: dividend RWF 12.15 share price at results date RWF 280 [4.34% / 4.12% after tax]
2016: dividend RWF 12.30 share price at results date RWF 243 [5.06% / 4.81% after tax]
2017: dividend RWF 13.87 share price at results date RWF 295 [4.70% / 4.47% after tax]
2018: dividend RWF 12.20 share price at results date RWF 275 [4.40% / 4.21% after tax]


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious
If you think you can you're right; if you think you can't you're right.
watesh
#465 Posted : Friday, April 03, 2020 6:35:47 PM
Rank: Member


Joined: 8/10/2014
Posts: 884
Location: Kenya
Nifiche wrote:
Nifiche wrote:
Sir invest wrote:
Kenyans!Kenyans!Kenyans!Kenyans!...........be warned that 1 Bob the much you can earn as dividend from BK for the next 5 years per share bought at Ksh.30.



This stock has been a consistent dividend payer returns averaging 4.5% past five years.

2013: dividend RWF 11.10 share price at results date RWF 330 [3,36% / 3,20% after tax]
2014: dividend RWF 16.33 share price at results date RWF 294 [5.55% / 5.23% after tax]
2015: dividend RWF 12.15 share price at results date RWF 280 [4.34% / 4.12% after tax]
2016: dividend RWF 12.30 share price at results date RWF 243 [5.06% / 4.81% after tax]
2017: dividend RWF 13.87 share price at results date RWF 295 [4.70% / 4.47% after tax]
2018: dividend RWF 12.20 share price at results date RWF 275 [4.40% / 4.21% after tax]


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious

A number of small ones may be forced to pay small dividends or cut completely. NPLs will deteriorate capital. However, larger banks with bigger capital buffers may survive. In Kenya they just came from an era of interest rate caps and stringent NPLs allocations so most of the loans are secured and come from pretty stable businesses/individuals. There will be some shock but with enough capital buffers dividend cuts will not be a must.
Ericsson
#466 Posted : Friday, April 03, 2020 7:31:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Nifiche wrote:
Nifiche wrote:
Sir invest wrote:
Kenyans!Kenyans!Kenyans!Kenyans!...........be warned that 1 Bob the much you can earn as dividend from BK for the next 5 years per share bought at Ksh.30.



This stock has been a consistent dividend payer returns averaging 4.5% past five years.

2013: dividend RWF 11.10 share price at results date RWF 330 [3,36% / 3,20% after tax]
2014: dividend RWF 16.33 share price at results date RWF 294 [5.55% / 5.23% after tax]
2015: dividend RWF 12.15 share price at results date RWF 280 [4.34% / 4.12% after tax]
2016: dividend RWF 12.30 share price at results date RWF 243 [5.06% / 4.81% after tax]
2017: dividend RWF 13.87 share price at results date RWF 295 [4.70% / 4.47% after tax]
2018: dividend RWF 12.20 share price at results date RWF 275 [4.40% / 4.21% after tax]


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious


Conversion to ksh. divide by 9
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#467 Posted : Thursday, May 21, 2020 11:51:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
https://www.bloomberg.co...t-drop-on-virus-fallout

Reason for high volume being traded and share price decline
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Nifiche
#468 Posted : Sunday, May 24, 2020 11:52:54 PM
Rank: New-farer


Joined: 4/8/2019
Posts: 27
Nifiche wrote:


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious



Proposed dividend passed at AGM 'despite a difficult outlook for the year 2020'. Disbursement is however subject to approval by the BNR.

https://www.ktpress.rw/2...dends-upon-bnr-approval/
If you think you can you're right; if you think you can't you're right.
cyruskulei
#469 Posted : Friday, May 29, 2020 11:52:03 AM
Rank: Member


Joined: 3/9/2010
Posts: 293
Location: kenya
This counter has been suspended today. Anyone with the circular indicating so or reason from nse.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Nifiche
#470 Posted : Monday, June 01, 2020 9:07:32 AM
Rank: New-farer


Joined: 4/8/2019
Posts: 27
Nifiche wrote:
Nifiche wrote:


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious



Proposed dividend passed at AGM 'despite a difficult outlook for the year 2020'. Disbursement is however subject to approval by the BNR.

https://www.ktpress.rw/2...ends-upon-bnr-approval/


---

"...As recommended by the Regulator BNR, the dividend payment for 2019 is deferred to 2021 when the uncertainties arising from the COVID-19 pandemic and its impact on liquidity will have been moderated."
If you think you can you're right; if you think you can't you're right.
detomweri
#471 Posted : Wednesday, June 03, 2020 10:12:53 AM
Rank: New-farer


Joined: 3/4/2010
Posts: 67
Location: Nairobi
Could you please provide a link for the dividend deferring to 2021
Nifiche
#472 Posted : Thursday, June 04, 2020 1:44:50 PM
Rank: New-farer


Joined: 4/8/2019
Posts: 27
detomweri wrote:
Could you please provide a link for the dividend deferring to 2021


@detomweri. See the corporate news section at the end of the daily market report:

https://rse.rw/IMG/pdf/r...esday_03rd_june_2020.pdf
If you think you can you're right; if you think you can't you're right.
target1360
#473 Posted : Friday, September 18, 2020 4:46:51 PM
Rank: Member


Joined: 5/14/2014
Posts: 286
Location: nairobi
the counter is still falling, touched kes 13.5 today
I find satisfaction in owning great business,not trading them
Ericsson
#474 Posted : Friday, September 18, 2020 7:06:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
target1360 wrote:
the counter is still falling, touched kes 13.5 today


Have you checked the volumes being traded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Nifiche
#475 Posted : Wednesday, March 31, 2021 11:38:12 AM
Rank: New-farer


Joined: 4/8/2019
Posts: 27
BK Group Plc audited financial results for the period ended 31st December 2020:

-Net Income = RWF 38.4 billion [+3.0% y-o-y]

https://bk.rw/files/pres...ited-q4-fy-2020-results

"The Board of Directors reinterates that the dividends of FRw 14.4 per ordinary share as approved in the AGM on 20th May 2020 will be disbursed immediately after Central Bank approval.

Consequently, Directors do not recomend any dividend distribution in respect of FY 2020 to preserve liquidity and capital." Liar
If you think you can you're right; if you think you can't you're right.
McGill
#476 Posted : Friday, August 20, 2021 6:42:13 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 54
Nifiche wrote:
Nifiche wrote:
Sir invest wrote:
Kenyans!Kenyans!Kenyans!Kenyans!...........be warned that 1 Bob the much you can earn as dividend from BK for the next 5 years per share bought at Ksh.30.



This stock has been a consistent dividend payer returns averaging 4.5% past five years.

2013: dividend RWF 11.10 share price at results date RWF 330 [3,36% / 3,20% after tax]
2014: dividend RWF 16.33 share price at results date RWF 294 [5.55% / 5.23% after tax]
2015: dividend RWF 12.15 share price at results date RWF 280 [4.34% / 4.12% after tax]
2016: dividend RWF 12.30 share price at results date RWF 243 [5.06% / 4.81% after tax]
2017: dividend RWF 13.87 share price at results date RWF 295 [4.70% / 4.47% after tax]
2018: dividend RWF 12.20 share price at results date RWF 275 [4.40% / 4.21% after tax]


FY2019 results (dividend payout drops to 35% of net income):

Total Operating Income up 16.3% to RWF 121bn
Loans and Advances up 19.3% to RWF 678bn
Customer Deposits up 20.8% to RWF 642bn
Net Interest Income up 25% to RWF 94.8bn
Total Operating Expenses up 1.9% to RWF 51bn
Profit Before Tax up 22.3% to RWF 52.1bn
Profit After Tax up 36.3% to RWF 37.3bn
Basic EPS: RWF 41.4
Dividend: RWF 14.40

https://www.bk.rw/files/...-audited-q4-and-fy-2019

Question is, will banks in Africa borrow a leaf from their EU counterparts and cancel dividend payouts? Anxious



Dividend payout was revised upwards to 50% of earnings and there is a possibility of a special dividend in FY ‘21 although not confirmed yet.

https://bk.rw/files/anal...apital-report-june-2021
Ericsson
#477 Posted : Friday, October 01, 2021 12:53:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
Why Bank of Kigali is out to reinforce its base in Nairobi

Bank of Kigali recently touched a 52-week high of Sh40 per share, making it the sixth premium stock among 11 lenders listed on the Nairobi Securities Exchange (NSE). Since cross-listing in Nairobi in 2018 the lender has attracted a lot of foreign interest.

In an interview with the Business Daily, Bank of Kigali CEO Diane Karusisi discusses the lender’s strategy to tap Kenyan investors and play in the regional market.

BANK OF KIGALI RECORDED SIGNIFICANT UPLIFT IN PROFITS. HAS THIS PERFORMANCE CAUSED AN UPTICK OF TRADING AT THE NSE?
We are happy with the performance BK Group Plc has had on the NSE thus far. When we cross-listed on the NSE in 2018, the share price was Sh33.

We've seen this price go as low as Sh12 in 2020, during the Covid-19's toughest times. We were delighted to see the price rise to Sh40 just recently. This is an indication that the Kenyan market is aware of the Group's performance and want to be part of the story.


SINCE LISTING IN NAIROBI, HAS THE BANK ACHIEVED ITS GOAL TO ATTRACT FOREIGN INVESTOR INTEREST?

Attracting foreign investor interest is a journey— being listed on the NSE has enabled foreign investors who previously had custody issues on the RSE [Rwanda Stock Exchange] become shareholders.

The focus now is to push trade volumes and increase visibility on the Kenyan market as we see huge potential.


KENYAN BANKS HAVE MADE A STRONG PLAY OF GROWING THEIR REGIONAL PRESENCE. DOES BANK OF KIGALI HAVE PLANS TO PLAY IN THE REGIONAL SPACE?
We are focused on the Rwandan market for now — we only have 36 percent banked population in Rwanda and therefore we believe there is still lots to do at home.

Once we have our population banked, we will consider growing regionally.


HAVE THE KENYAN ACQUISITIONS SUCH AS KCB’S PURCHASE OF BPR CHALLENGED BANK OF KIGALI’S MARKET SHARE IN RWANDA ESPECIALLY THE RETAIL SPACE?
The KCB and BPR merger has not challenged our market share — we remain the market leader on all key metrics. We welcome this merger and believe it will be good for the market.

We look forward to working together especially on syndication for big projects. Bank of Kigali recently approved an SME strategy that we hope will strengthen our position in this space. While KCB and BPR are strong in the SME sector, we are seeing how we can increase business through our branches.


WHAT ARE THE BANK’S PLANS FOR THE KENYAN MARKET?
The Group cross-listed in 2018 on the NSE after meeting many potential investors telling us about their interest in the Group but they had custody issues with the RSE. Listing on the NSE allowed fungibility on both markets and made it easy for shareholders to acquire shares.

We are reinforcing our Representative office in Nairobi to focus on our regional and international shareholders with an aim to improve liquidity. We are putting focus on investor relations to improve our visibility beyond the region.


HOW CAN BUSINESSES IN THE EAC TAP MORE OPPORTUNITIES IN REGIONAL INTEGRATION?
Regional integration can lead to substantial economic gains. Regional integration allows us to improve market efficiency, share the costs of public goods or large infrastructure projects, reap other non-economic benefits, such as peace and security.

However, we must be careful with the risks to regional integration which need to be identified and well managed. In the EAC we could prioritise connectivity, transport, ICT and energy infrastructure.


HOW CAN BANK OF KIGALI FACILITATE INVESTORS SETTING UP IN RWANDA?
Earlier this year, Rwanda was subjected to a new law on investment promotion and facilitation (“New Investment Code”) repealing the law that was in force since 2015.

This new law brings about a set of new investment incentives mainly geared at enhancing Rwanda's competitiveness, attract cross-border investments, new businesses and financial institutions to operate across the African continent and beyond through the newly set up Kigali International Financial Centre (KIFC).

The first striking change under the New Investment Code relates to the new priority economic sectors such as mining (activities relating to mineral exploration), construction (operation of specialised innovation parks or specialized industrial parks), transport, logistics and electric mobility.

Another important change under the New Investment Code relates to varied tax incentives that have been introduced.

These include preferential corporate income tax rate of three percent applicable to pure holding companies; Tax incentives for entities established by philanthropic investors; preferential withholding tax rate of five percent on dividends and interest paid on securities listed on the RSE; preferential withholding tax rate of 10 percent on interest paid on foreign loans, dividends, royalties, and service fees.


https://www.businessdail...-base-in-nairobi-3568634
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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