BK Group, Rwanda’s largest financial services conglomerate, closed 2025 with a net profit of Rwf110.1 billion up from Rwf91 billion the year before. The 22.9% growth was announced on April 2 by Group CEO Uzziel Ndagijimana, who framed the results as a milestone year: Bank of Kigali is turning 60, and it’s never been more profitable.
“The results are solid, with profit reaching Rwf110.1 billion, underscoring sustained growth compared to 2024,” Ndagijimana said.
Rwanda’s economy expanded by 9.4% in 2025, according to official statistics one of the fastest growth rates on the continent. That macro tailwind pushed more money into the banking system. Total assets at BK Group climbed 15.8% to Rwf2,919 billion, customer loans rose 16.1% to Rwf1,688 billion, and deposits grew 14.8%. When an economy grows that fast, banks follow.
For Rwanda, BK’s numbers matter beyond the balance sheet
Bank of Kigali CEO Diane Karusisi pointed out that loans to small and medium enterprises jumped 37.5% to Rwf285.1 billion a signal that credit is flowing to the businesses that create jobs and drive local commerce.
Agricultural lending reached Rwf93.4 billion, covering farmers, cooperatives, and agro-processors across the country. Customer numbers also grew by 6.6%, meaning more Rwandans are formally inside the financial system.
Karusisi also addressed a practical frustration many customers have raised, fees. “There are no charges for holding funds at Bank of Kigali. Even the Rwf1,000 account maintenance fee has been removed,” she said a move that could push even more unbanked Rwandans toward formal banking.
BK Foundation added social weight to the financial story. 420 university students in science and tech received support, 510 medical students got specialized training placements, and 20 enterprises received interest-free loans totaling Rwf425.5 million through the Urumuri program.
With total lending already at Rwf1,759 billion and SME credit growing at nearly 40%, BK is clearly positioning itself as the backbone lender for Rwanda’s next growth phase. The open API the bank launched this week allowing even rival bank clients to access BK services suggests the institution is thinking beyond traditional banking.
If Rwanda stays on its 9%+ growth trajectory, BK Group’s Rwf110 billion profit year could look modest by 2027.
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