Africa-Press – Rwanda. On May 30, shareholders of BK Group Plc will receive their share of the Rwf27.3 billion gross dividend approved by the Board of Directors for the 2024 financial year.
This equates to a gross dividend per share of Rwf29.34, up from Rwf24.18 (21.3 per cent increase) compared to the previous year.
“The proposed final dividend will be paid to shareholders on the register as at 30th May 2025, with payment expected on or about 25th June 2025,” the Group said in a letter to shareholders.
The total dividend comprises the interim gross dividend of Rwf10.32 per share, totaling Rwf9,6 billion, which was paid in December 2024.
It also comprises the proposed final gross dividend of Rwf17.7 billion, which is subject to shareholders’ approval at the Group’s upcoming Annual General Meeting (AGM).
Details of the AGM were not communicated.
In 2024, BK Group Plc reported an after-tax profit of Rwf91 billion, marking a 21.7 per cent rise from the Rwf74.8 billion recorded in the previous year.
According to its financial results, BK Group’s return on average assets (ROAA) and return on average equity (ROAE) increased by 3.9 per cent and 22.6 per cent, respectively, for the year ended December 31, 2024.
Total assets also increased by 18.9 per cent, reaching Rwf2,521.5 billion.
Shareholders’ equity increased by 19.7 per cent, reaching Rwf438.5 billion as of December 31, 2024.
In an earlier interview, BK Group chief executive Uzziel Ndagijimana, maintained that revenues grew in all four subsidiaries: Bank of Kigali, BK General Insurance, BK TecHouse, and BK Capital.
“2024 was another year of solid progress for BK Group Plc. We delivered strong earnings growth, maintained a healthy capital base, and expanded our customer reach, all while advancing on our strategic transformation journey.”
He added, “Our performance reflects the resilience of our diversified business model and our ongoing commitment to delivering long-term value to shareholders.”
BK Group’s banking arm (Bank of Kigali) had the largest growth in 2024, recording a net income of Rwf89.7 billion, an increase of 21.8 per cent compared to 2023.
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