Bank of Kigali

Ticker code BOK Industry Regional Banks Bank of Kigali Building
Avenue de la Paix
P.O. Box 175
Kigali, Rwanda
ISIN RW000A1JCYA5 Sector Financial
Initial Listing 1 September 2011 Financial Year End 31 December
Website www.bk.rw Results Released Quarterly
2011 2012 2013 2014 2015
Profitability          
Return on Average Assets 3.60% 3.90% 4.00% 4.00% 3.90%
Return on Average Equity 18.60% 18.90% 22.20% 22.90% 21.70%
Net Interest Margin 8.40% 9.60% 11.10% 9.90% 10.10%
Loan Yield 16.90% 17.00% 20.50% 20.50% 19.20%
Interest Expense/Interest Income 26.80% 26.00% 22.20% 24.40% 22.90%
Cost of Funds 3.10% 3.40% 3.30% 3.40% 3.20%
Efficiency
Cost/Income Ratio 48.40% 52.80% 48.40% 47.90% 47.80%
Costs/Average Assets 5.90% 6.60% 7.00% 6.20% 5.80%
Personnel Costs/Total Recurring Operating Costs 51.80% 47.40% 45.00% 51.80% 49.40%
Personnel Costs/Average Total Assets 2.90% 3.10% 3.10% 3.20% 2.90%
Personnel Costs/Total Operating Income 25.10% 25.00% 21.80% 24.80% 23.60%
Net Income/Total Operating Income 29.50% 30.70% 27.60% 31.50% 32.10%
Total Operating Income/Average Assets 12.10% 12.60% 14.10% 12.90% 12.20%
Liquidity
Net Loans/Total Assets 42.80% 57.30% 47.10% 48.40% 55.90%
Liquid Assets/Total Assets 45.10% 31.90% 46.00% 45.70% 38.40%
Liquid Assets/Total Deposits 64.90% 44.70% 65.20% 64.90% 52.90%
Liquid Assets/Total Liabilities 57.40% 39.60% 55.20% 56.10% 46.70%
Total Deposits/Total Assets 69.50% 71.30% 70.50% 70.40% 72.60%
Total Deposits/Total Liabilities 88.40% 88.70% 84.70% 86.50% 88.20%
Interbank Borrowings/Total Deposits 9.50% 8.00% 5.80% 4.50% 5.60%
Gross Loans/Total Assets 45.40% 60.10% 50.20% 51.10% 57.90%
Gross Loans/Total Deposits 65.30% 84.20% 71.10% 72.60% 79.70%
Interest Earning Assets/Total Assets 82.00% 80.50% 88.40% 87.70% 87.80%
Leverage (Total Liabilities/Equity), Times 4 4 5 4.4 4.7
Asset Quality
NPLs/Gross Loans 8.30% 6.50% 6.90% 6.60% 4.90%
NPL Coverage Ratio 69.10% 70.30% 87.40% 81.80% 110.20%
Loan Loss Reserve/Gross Loans 5.80% 4.60% 6.10% 5.40% 3.30%
Large Exposures/Gross Loans 8.80% 6.50% 5.40% 18.00% 24.10%
Cost of Risk 3.80% 2.20% 4.40% 3.30% 2.60%
Capital Adequacy
Core Capital/Risk Weighted Assets 28.10% 22.40% 23.10% 25.80% 22.10%
Total Qualifying Capital/Risk Weighted Assets 29.10% 23.20% 23.70% 26.30% 22.50%
Off Balance Sheet Items/Total Qualifying Capital 363.10% 524.30% 542.50% 428.40% 442.70%
Large Exposures/Core Capital 21.30% 22.60% 17.90% 53.50% 84.20%
NPLs less Provisions/Core Capital 6.20% 6.80% 2.90% 3.50% 8.70%
Market Sensitivity
Forex Exposure/Core Capital 11.70% -41.20% -13.00% -20.40% -20.40%
Forex Loans/Forex Deposits 0.80% 1.00% 0.70% 8.40% 26.90%
Forex Assets/Forex Liabilities 105.30% 61.00% 93.80% 87.50% 8.20%
Selected Operating Data
Full Time Employees (FTEs) 602 877 980 1,019 1,140
Assets per FTE (RwF billion) 0.5 0.4 0.4 0.5 0.5
Number of Active Branches 44 59 65 70 75
Number of Mobibank 5 5 9 9
Number of ATMs 26 55 65 76 84
Number of POS Terminals 202 405 568 656 801
Number of Retail Current Accounts 124,248 191,632 231,409 266,239 312,369
Number of BK Yacu Agents 30 569 861 1,043