bank of kigali announces q3 2011 and 9m 2011 reviewed results

8/3/2019 Bank of Kigali Announces Q3 2011 and 9M 2011 Reviewed Results

1/9

Bank of Kigali

Financially Transformi

Q3 2011, Q2 2011, Q4 2010 and Q3 2010 numbers in this press rele

the National Bank of Rwanda.

About Bank of Kigali

Bank of Kigali is a leading banking institution in Rwanda, offeriapproximately 552 employees and serves over 90,120 retail cli

the country.

In 2011, the Bank became the 2nd domestic company to list on t

South Africa. In the two years running 2009 and 2010, the Bank

Financial Times of London.

For further information, please visit www.bk.rw or contact:

Lado Gurgenidze James Gatera

Chairman of the Board Managing Director

Tel: +995 599 477 272 Tel: +250 252 593 100 or +250 252 593 20

Fax: +995 532 25 22 61 Fax: +250 252 575 504 or +250 252 573 46

Email: [email protected]

Email: [email protected] SWIFT: BKIGRWRW

Company Code/ TIN n 100003458P.O BOX 175 Plot 6112, Avenue de la Paix Kigali

599.5 RwF/US$ Period End Exchange Rate as at 30 Septemb

601.9 RwF/US$ Period End Exchange rate as at 30 June 201

594.4 RwF/US$ Period End Exchange Rate as at 31 Decemb

590.0 RwF/US$ Period End Exchange Rate as at 30 Septemb

Bank of Kigali An

Total Operating Income (Revenue)

Total Operating Costs

Profit Before Provisions

Net Provision Expense

Net Income (Loss)

Total Operating Income (Revenue)Total Operating Costs


Net Provision Expense

Net Income (Loss)

Total Assets

Net Loans

Client Deposits

Total Liabilities

Shareholders' Equity

Net Loans/Total Assets

Net Loans/Client Deposits

ROAA, annualised

ROAE, annualised

imited

ng Lives

ase are reviewed interim numbers in accordance with instruction Number 12/2

ing a wide spectrum of commercial banking services to corporate, SME anents. The Bank has a network of 41 branches spread across all provinces

he Rwanda Stock Exchange. The Bank has a credit rating of A+/A1 by Globa

has been recognized as the Best Bank in Rwanda by emeafinance in additio

Lawson Naibo Frances Ih

Chief Operating Officer Head of Co

Tel: ++250 78 830 2076 Tel: +250 2

1 Fax: +250 252 575 504 or +250 252 573 461 Fax: +250 2

Email: [email protected] Email: fiho

SWIFT: BKIGRWRW SWIFT: BKI

Company Code/ TIN n 100003458 Company(Rwanda) P.O BOX 175 Plot 6112, Avenue de la Paix Kigali (Rwanda) P.O BOX 175

er 2011

1

r 2010

er 2010

nounces Q3 2011 & YTD 2011 Reviewed Results

Q3 2011 Change

S$ (mln) RwF (bn) Q-o-Q

12.9 7.8 9.0%

6.2 3.7 21.7%

6.8 4.1 -0.4%

1.2 0.7 4.4%

3.2 1.9 -1.8%

YTD 2011 Chang

S$ (mln) RwF (bn) Y-o-Y

35.4 21.215.6 9.3

19.9 11.9

3.1 1.9

9.7 5.8

s at 30 September 2011 Chang

S$ (mln) RwF (bn) YTD

456.7 273.8 38.5%

209 125.3 23.6%

287.4 172.3 27.0%

360.7 216.2 30.4%

96 57.6 80.6%

s at 30 September 2011 As at 30 Septe

45.8% 53.6%

72.7% 73.6%

Q3 2011 Q3 2010

3.3% 4.8%

17.4% 37.8%

Kigali, 28 November 2011

00 of 14 September 2000 issued by

d retail customers. The Bank hasnd major commercial districts in

l Credit Rating Agency from

n to Bank of the Year by the

goza

rporate Affairs/Company Secretary

52 593 100 or +250 252 593 200

52 575 504 or +250 252 573 461

[email protected]

GRWRW

ode/ TIN n 100003458. Plot 6112 Avenue de la Paix Kigali (Rwanda)

Y-o-Y

48.9%

45.9%

51.7%

227.6%

-0.4%

e

42.0%29.6%

53.5%

23.4%

42.6%

e

Y-o-Y

57.8%

34.8%

36.4%

43.3%

154.5%

ber 2010


2/9

Bank of Kigali


Bank of Kigali (the Bank), the leading ban

of RwF 1.9 billion (US$3.2 million) in Q3 20

Q3 2011 Financial Highlights

Total Assets grew by 10.9% q-o-q and2011

Total Assets Growth

Bank of Kigali

The Rwandan Banking

Net Loans grew by 12.6% q-o-q and 32011

Net Loan Book Growt

Bank of Kigali

The Rwandan Banking

Client Deposits decreased by 2.0% q-oat 30 September 2011

Client Deposits Growt

Bank of Kigali

The Rwandan Banking

Bank of Kigali Growth vs. Rwan

*Preliminary estimates have been used for EcoBank in calculating the ba

30.1%31.5%

24.226.1%

13.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Total Assets Net Loans Clien

Bank Of Kigali Growth In 2010 Rwandan Banking Sector Gro

26.4

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

imited

ng Lives

k in Rwanda, announced today its non-IFRS results

1, down 1.8% q-o-q and down 0.4% y-o-y.

57.8% y-o-y (38.5% YTD 2011) to RwF 273.8 billi

YTD 2011 YE 201

38.5% 30.1

ector* 12.8% 26.1

.8% y-o-y (up 23.6% YTD 2011) to RwF 125.3 billi

YTD 2011 YE 2010

23.6% 31.5%

Sector* 17.5% 13.1%

q and increased by 36.4% y-o-y (27.0% YTD 2011)

h YTD 2011 YE 2010

27.0% 24.2%

Sector* 8.1% 27.8%

an Banking Sector Growth in YE 2010 and Septem

Market Share Dynamics

nking sector figures, whose 9M 2011 performance figures are subject to confirmation. Any res

27.8%

Deposits

th In 2010

. % 26.8% 25.7%27.4%

31.5%

25.9%

33.4% 32.7%

29.7%

Total Assets Net Loans Client Deposits

2009 2010 9M 2011

38.5%

23.6%12.8% 17.5%

0.0%

5.0%

10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%

Total Assets Net LoansBank of Kigali Growth in Sept 2011 Rwandan Banking


reporting Net Income

n as at 30 September

n as at 30 September

o RwF 172.2 billion as

ber 2011

lting changes are unlikely to be material.

27.0%

8.1%

Client Balances & Deposits

Sector Growth in Sept 2011


3/9

Bank of Kigali


Net Interest Income equalled RwF 3.8 b

Commission Income amounted to RwF 1.

Income (Revenue) reached RwF 7.8 billio

increased by 21.7% q-o-q and 45.9% y-o-y tdown from 49.5% in Q2 2011 and from 50.

Annualised ROAA reached 3.3% in Q3 201

RoAA and RoAE was as a result of the addit

Total Assets grew by 10.9% q-o-q and 5

September 2011. Net Loans grew by 12.6%

at 30 September 2011. Client Deposits am

27.0% YTD 2011). Net Loans/Total Assets r

2010. Net Loans/Client Deposits ratio reach

Financial Highlights YTD 2011

Net Interest Income equalled RwF 11.6 bill

amounted to RwF 2.9 billion for the year t

RwF 21.2 billion for the year, up 42.0% y-o-

2011. Cost/Income ratio dropped to 47.3

RwF 5.8 billion, up 42.6% y-o-y.

We continued growing our Balance Shee

total assets from 27.4% at YE 2010 to 33.4

date results and performance, commente

imited

ng Lives

illion in Q3 2011, down 6.9% q-o-q and up 29

billion in Q3 2011, up 17.1% q-o-q and 114.9%

n in Q3 2011, up 9.0% q-o-q and 48.9% y-o-y.

o RwF 3.7 billion in Q3 2011. Cost/Income ratio rea% in Q3 2010.

, whereas annualised ROAE reached 17.4% in Q3

ional capital raised in the IPO from 1st September, 2

7.8% y-o-y (up 38.5% YTD 2011), reaching RwF

q-o-q and 34.8% y-o-y (up 23.6% YTD 2011), reachi

unted to RwF 172.3 billion, down up 2.0% q-o-q a

tio stood at 45.8% as at 30 September 2011 vs. 53.

ed 72.7% as at 30 September 2011 vs. 73.6% as at

ion for the year, up 29.0% on Sept 2010. Net Fee

September, up 96.0% y-o-y. Total Operating Inco

. Total Operating Costs increased by 29.6% y-o-y t

in the year from 50.4% in Sept 2010. Our Net In

and as a result managed to significantly increas

% as at 30th

September 2011. Overall I am very ple

James Gatera, Managing Director.


.3% y-o-y. Net Fee &

y-o-y. Total Operating


ched 44.5% in Q3 2011

2011. The reduction in

011.

273.8 billion as at 30

ng RwF 125.3 billion as

nd up 36.4% y-o-y (up

6% as at 30 September

0 September 2010.

& Commission Income

me (Revenue) reached

RwF 9.3 billion in YTD

ome to date equalled

our market share by

ased with our year-to-


4/9

Bank of Kigali


Total Operating Income


Net Income


-

1

2

3

4

5

6

7RwF Billio

15.0

21.2

-5

10

15

20

25

YTD Sep-10 YTD Sep-11

RwF Billions

+42%

1.9 1.9

-0.51.0

1.5

2.0

2.5

Q3 2010 Q3 2011

RwF Billions

2.5

3.7

-0.51.01.5

2.02.53.0

3.5

4.0

Q3 2010 Q3 2011

RwF Billions

+46%

5.2

7.8

-1.02.0

3.0

4.0

5.0

6.0

7.0

8.09.0

Q3 2010 Q3 2011

RwF Billions

+49%

imited

ng Lives

Q3 2011 Performance Highlights

Total Assets

Net Loans

Client Deposit

TD 2011 Performance Highlights

Total Operating C

Net Income

4.1

5.8

YTD Sep-10 YTD Sep-11

ns

+43%

7.2

-12

3

4

5

6

7

8

9

10

YTD Sep-10

RwF Billions

+30%

126.3

-40

80

120

160

200

Q3 2010

RwF Billions

+36%

93.0

-

20

40

60

80

100

120

140

Q3 2010

RwF Billions

+35%

173.5

-50

100

150

200

250

300

Q3 2010

RwF Billions

+58%


s

osts

9.3

YTD Sep-11

172.3

Q3 2011

125.3

Q3 2011

273.8

Q3 2011


5/9

Bank of Kigali


For t

Notes:

(1) Growth calculations are based on RwF value

(2) US$ values have been derived from period-e

Rw

RwF/Euro Exchange Rate, e-o-p

RwF/US$ Exchange Rate, e-o-p

Interest Income

Interest Expense

Net Interest Income

Fee & Commission Income

Fee & Commission Expenses

Net Fee & Commission Income

Income From Documentary Operations

Expense On Documentary OperationsNet Income From Documentary Operations

Other Non-Interest Income

Other Non-Interest Expense

Net Other Non-interest Income

FX Trading Income

Net Non-Interest Income


Directors' Remuneration

Personnel Costs

Other Operating Expenses

Depreciation



Loan Loss Provisions

Gains on recovery

Net Provisions

Profit Before Tax

Bonuses (Paid & Accrued)

Accrued Or Paid Income Tax

Net Income

imited

ng Lives

INCOME STATEMENT

e Quarter Ending September 2011

s

nd RwF/US$ exchange rates set out on page 1 of this ne

F (Bn) US$ (Mln) RwF (Bn) US$ (Mln) RwF (Bn) US$ (815.0 867.3 786.1599.5 601.9 590.0

5.4 9.0 5.5 9.1 4.11.6 2.6 1.4 2.3 1.23.8 6.4 4.1 6.8 3.01.2 1.9 1.0 1.6 0.50.0 0.0 0.0 0.0 0.01.2 1.9 1.0 1.6 0.50.1 0.1 0.1 0.1 0.00.0 0.0 0.0 0.0 0.00.1 0.1 0.1 0.1 0.00.2 0.4 0.2 0.4 0.40.0 0.0 0.0 0.0 0.00.2 0.4 0.2 0.4 0.42.5 4.1 1.7 2.9 1.33.9 6.5 3.0 5.0 2.27.8 12.9 7.1 11.8 5.20.1 0.1 0.1 0.2 0.01.3 2.2 1.3 2.1 1.41.8 2.9 1.2 1.9 0.60.6 1.0 0.5 0.8 0.53.7 6.2 3.0 5.0 2.54.1 6.8 4.1 6.8 2.71.9 3.1 1.7 2.8 -0.8 -1.2 1.9 1.0 1.6 1.10.7 1.2 0.7 1.1 0.23.3 5.6 3.4 5.6 2.9

0.0 0.00.5 0.8 0.5 0.8 0.10.9 1.5 0.9 1.5 0.81.9 3.2 2.0 3.3 1.9

Q3 2011 Q2 2011 Q3 2010


s report

Growth, Growth,

ln) Q-o-Q Y-o-Y

7.0 -2.0% 30.4%

2.0 12.5% 33.2%

5.0 -6.9% 29.3%

0.9 17.1% 114.9%

0.0 0.0% 0.0%

0.9 17.1% 114.9%

0.1 9.0% 36.4%

0.0 0.0% 0.0%0.1 9.0% 36.4%

0.6 3.5% -32.2%

0.0 0.0% 0.0%

0.6 3.5% -32.2%

2.2 43.2% 88.5%

3.8 30.9% 74.7%

8.8 9.0% 48.9%

0.1 -37.4% 85.0%

2.3 1.7% -3.9%

1.1 50.0% 179.9%

0.9 18.6% 12.2%

4.3 21.7% 45.9%

4.5 -0.4% 51.7%

1.4 12.2% -322.9%1.8 17.6% 9.9%

0.4 4.4% 227.6%

4.9 -1.4% 15.6%

0.2

1.4 -1.4% 10.6%

3.3 -1.8% -0.4%


6/9

Bank of Kigali


For the

Notes:

(1) Growth calculations are based on(2) US$ values have been derived fro

RwF/Euro Exchange Rate, e-o-p

RwF/US$ Exchange Rate, e-o-p

Interest Income

Interest Expense

Net Interest Income

Fee & Commission Income

Fee & Commission Expenses

Net Fee & Commission IncomeIncome From Documentary Operation

Expense On Documentary Operations

Net Income From Documentary Oper

Other Non-Interest Income

Other Non-Interest Expense

Net Other Non-interest Income

FX Trading Income

Net Non-Interest Income


Directors' Remuneration

Personnel Costs

Other Operating Expenses

DepreciationTotal Operating Costs


Loan Loss ProvisionsGains on recovery

Net Provisions

Profit Before Tax

Bonuses (Paid & Accrued)

Accrued Or Paid Income Tax

Net Income

imited

ng Lives

INCOME STATEMENT

Nine Months Ending September 2011

RwF valuesperiod-end RwF/US$ exchange rates set out on page 1

RwF (Bn) US$ (Mln) RwF (Bn) US$ (Mln

15.7 26.1 12.0 20.

4.1 6.8 3.0 5.

11.6 19.3 9.0 15.

2.9 4.9 1.5 2.

- - - -

2.9 4.9 1.5 2.s 0.2 0.3 0.1 0.

- - - -

tions 0.2 0.3 0.1 0.

0.7 1.2 0.7 1.

- - - -

0.7 1.2 0.7 1.

5.9 9.8 3.7 6.

9.7 16.1 6.0 10.

21.2 35.4 15.0 25.

0.2 0.4 0.2 0.

3.8 6.3 3.7 6.

3.8 6.3 2.2 3.

1.5 2.5 1.1 1.9.3 15.6 7.2 12.

11.9 19.9 7.8 13.

4.7 7.9 4.0 6.

2.9 4.8 2.5 4.

1.9 3.1 1.5 2.

10.1 16.8 6.3 10.

1.5 2.4 0.3 0.

2.8 4.6 1.8 3.

5.8 9.7 4.1 6.

YTD 2011

815.0

599.5

YTD 2010

786.1

590.0


of this news report.

Growth,

) Y-o-Y

30.5%34.7%29.0%

96.0%0.0%

96.0%11.1%

0.0%11.1%

3.7%0.0%3.7%

59.9%

61.4%

42.0%

30.9%

1.8%

69.4%

42.8%29.6%

53.5%

17.0%

13.1%

23.4%

60.8%

325.9%

51.9%

42.6%


7/9

Bank of Kigali


Notes:

(1) Growth calculations are based on RwF value(2) US$ values have been derived from period-e

U

Cash 20

Balances With BNR 7

Cash Balances With Banks 69

Treasuries 71

Other Fixed Income Instruments 25

Gross Loans 218

Loan Loss Reserve (9

Net Loans To Clients 209

Net Investments 0

Net Property, Plant & Equipment 32

Intangible Assets 0

Net Other Assets 20

Total Assets 456

Interbank Deposits 41

Client Deposits 287

Borrowed Funds 2

Payable Interest & Dividends 1

Other Liabilities 27

Total Liabilities 360

Ordinary Shares 11

Retained Earnings 63

Revaluation Reserve 11

Net Income 9

Shareholders' Equity 96

Total liabilities & Shareholders' Equity 456

imited

ng Lives

BALANCE SHEET

s At the 30th September 2011

snd RwF/US$ exchange rates set out on page 1 of this ne

S$ RwF US$ RwF US$ RwF US$

ln Bn Mln Bn Mln Bn Mln

.1 12.1 15.2 9.2 11.6 6.9 13.7

.1 4.3 9.5 5.7 10.7 6.3 14.2

.9 41.9 69.8 42.0 61.4 36.5 50.0 2

.9 43.1 72.6 43.7 30.6 18.2 24.1 1

.1 15.0 11.1 6.7 8.8 5.2 12.9

.8 131.2 192.6 115.9 177.5 105.5 164.9 9

.8) (5.9) (7.7) (4.6) (6.9) (4.1) (7.3) (

.0 125.3 184.9 111.3 170.6 101.4 157.6 9

.4 0.3 0.4 0.3 0.5 0.3 0.6

.5 19.5 31.5 19.0 30.8 18.3 12.4

.3 0.2 0.3 0.2 0.3 0.2 0.3

.4 12.2 14.1 8.5 7.4 4.4 8.3

.7 273.8 409.5 246.5 332.5 197.7 294.1 17

.7 25.0 28.0 16.9 31.8 18.9 27.6 1

.4 172.3 292.1 175.8 227.7 135.4 214.0 12

.9 1.7 3.1 1.9 - - - -

.2 0.7 0.5 0.3 0.5 0.3 - -

.6 16.5 28.0 16.9 18.9 11.2 14.1

.7 216.2 351.7 211.7 278.9 165.8 255.8 15

.1 6.7 8.3 5.0 8.4 5.0 8.5

.7 38.2 31.4 18.9 22.8 13.5 22.9 1

.5 6.9 11.6 7.0 12.0 7.2 - -

.7 5.8 6.5 3.9 10.4 6.2 6.9

.0 57.6 57.7 34.8 53.6 31.9 38.3 2

.7 273.8 409.5 246.5 332.5 197.7 294.1 17

3 2011 YE 2010 Q3 2010Q2 2011


s report

Q-o-Q Y-o-Y YTDwF Change Change Growth

Bn

.1 31.5% 49.1% 75.1%

.4 -25.3% -49.0% -32.7%

.5 -0.3% 42.2% 14.9%

.2 -1.3% 202.7% 136.9%

.6 125.0% 97.2% 187.7%

.3 13.2% 34.8% 24.3%

.3) 27.1% 36.0% 42.1%

.0 12.6% 34.8% 23.6%

.3 0.0% -21.1% 0.0%

.3 2.7% 165.0% 6.3%

.2 3.1% 7.6% -6.5%

.9 43.8% 148.3% 178.6%

.5 11.1% 57.8% 38.5%

.3 48.4% 53.5% 32.2%

.3 -2.0% 36.4% 27.3%

-7.4% n/a n/a

125.5% n/a n/a

.3 -1.8% 98.6% 47.6%

.9 2.1% 43.3% 30.4%

.0 33.3% 33.3% 33.3%

.5 102.0% 182.0% 182.0%

-1.3% n/a -3.8%

.1 49.9% 43.2% -5.6%

.6 65.6% 154.5% 80.6%

.5 11.1% 57.8% 38.5%


8/9

Bank of Kigali


Note: Ratios for Q3 2011, Q2 2011, Q3 2010, YT

Profitability

Return on Average Assets, Annualised, %

Return on Average Equity, Annualised, %

Net Interest Margin , Annualised, %

Loan Yield, Annualised,%

Interest Expense/Interest Income, %

Cost of Deposits, Annualised,%

Efficiency

Cost/Income Ratio

Costs/Average Assets, Annualised, %

Personnel Costs/Total Recurring Operati

Personnel Costs/Average Total Assets, A

Personnel Costs/Total Operating Income

Net Income/Total Operating Income

Liquidity

Net Loans/Total Assets,%

Liquid Assets / Total Deposits

Interbank Borrowings / Total Deposits

Short-term Liquidity Gap

Gross Loans / Total Deposits

Asset Quality

NPLs / Gross Loans, %

NPL Coverage Ratio

Large Exposures / Gross Loans

Cost of Risk, Annualised

Leverage (Total Liabilities/Equity), Times

Capital Adequacy

Core Capital / Risk Weighted Assets

Total Qualifying Capital / Risk Weighted

Off Balance Sheet Items / Total Qualifyin

Large Exposures / Core Capital

NPLs less Provisions / Core Capital

Market Sensitivity

Forex Exposure / Core Capital

Forex Loans / Forex Deposits

Forex Assets / Forex Liabilities

Selected Operating Data

Full Time Employees

Assets per FTE (RwF in bn)

Number of Active Branches

Number of ATMS

Number of POS Terminals

imited

ng Lives

KEY RATIOS

2011 and YTD 2010 are annualised

Q3 2011 Q2 2011 Q3 2010 YTD

3.3% 3.6% 4.8%

17.4% 23.7% 37.8%

7.9% 9.0% 8.5%

15.5% 17.0% 16.2%

28.9% 25.2% 28.3%

2.8% 2.9% 3.0%

Q3 2011 Q2 2011 Q3 2010 YTD

44.5% 49.5% 50.8%

7.1% 6.3% 6.5%

ng Costs 62.4% 61.4% 59.3%

nnualised 3.1% 3.4% 3.7%

23.9% 26.2% 28.9%

25.0% 27.8% 37.4%

Q3 2011 Q2 2011 Q3 2010 YTD

45.8% 45.1% 53.6%

42.5% 43.5% 39.1%

12.7% 8.7% 11.4%

36.6% 28.7% 7.6%

66.5% 60.2% 68.2%

Q3 2011 Q2 2011 Q3 2010 YTD

9.1% 7.5% 9.9%

57.6% 64.4% 44.7%

3.9% 3.6% 11.8%

2.4% 2.5% 1.0%

3.8 6.1 6.7

Q3 2011 Q2 2011 Q3 2010 YTD

27.0% 16.1% 18.7%

ssets 19.1% 20.5% 18.7%

g Capital 477.9% 468.3% 402.8% 4

10.8% 16.2% 55.8%

12.6% 15.8% 21.9%

Q3 2011 Q2 2011 Q3 2010 YTD

5.5% 6.9% 12.5%

0.9% 1.5% 1.2%

108.4% 108.4% 107.7% 1

Q3 2011 Q2 2011 Q3 2010 YTD

552 507 467

0.50 0.49 0.37

41 38 31

26 26 26

173 151 90


2011 YTD 2010

3.3% 3.3%

7.4% 26.5%

8.0% 8.6%

5.7% 15.4%

6.1% 25.3%

2.7% 2.8%

2011 YTD 2010

7.3% 50.4%

6.1% 6.2%

3.5% 58.8%

3.1% 3.5%

5.7% 28.3%

7.4% 27.3%

2011 YTD 2010

5.8% 53.6%

2.5% 39.1%

2.7% 11.4%

6.6% 7.6%

6.5% 68.2%

2011 YTD 2010

9.1% 9.9%

7.6% 44.7%

3.9% 11.8%

2.1% 2.3%

3.8 6.7

2011 YTD 2010

7.0% 18.7%

9.1% 18.7%

7.9% 402.8%

0.8% 55.8%

2.6% 21.9%

2011 YTD 2010

5.5% 12.5%

0.9% 1.2%

8.4% 107.7%

2011 YTD 2010

552 467

0.50 0.37

41 31

26 26

173 90


9/9

Bank of Kigali


1 Return On Average Total Assets (ROAA) equals N

2 Return On Average Total Equity (ROAE) equals N

3 verage Interest Earning Assets are calculated onNet Loans To Clients;

4 Net Interest Margin equals Net Interest Income o

5 Loan Yield equals Interest Income of the period d

6 Cost Of Funds equals Interest Expense of the peri

7 otal Operating Income includes Net Interest Inc

8 Costs include Total Recurring Operating Costs an

9 Cost/Income equals Total Recurring Operating Co

10 Personnel Costs/Total Recurring Operating Costs

or the period divided by Total Recurring Operati

11 Personnel Costs/Average Total Assets equals the

period divided by average Total Assets ;

12 Client Deposits include Corporate and Retail dep

13 otal Deposits include Interbank Deposits and Cli

14 hareholders Equity equals to Total Shareholder

15 NPLs are loans overdue by more than 90 days;16 NPL Coverage ratio equals Loan Loss Reserve as o

17 Large exposures include loans that in aggregate c

18 Cost Of Risk equals Net Provision For Loan Losses

Loans To Clients for the same period;

19 otal Capital Adequacy equals Total Capital as of

accordance with the requirements of the Nation

20 Y-o-Y refers to year on year change.

21 Q-o-Q refers to quarter on quarter change.

22 TD refers to Year to Date figures as at 30th

Sept

imited

ng Lives

Definitions

t Income of the period divided by average Total Assets for the

t Income of the period divided by average Total Shareholders

a quarterly basis; Interest Earning Assets include: Cash & Bala

f the period divided by Average Interest Earning Assets for the

ivided by average Gross Loans for the same period;

od divided by average Total Liabilities for the same period;

me and Non-Interest Income;

Bonuses (Paid and Accrued);

sts plus Bonuses (Paid and Accrued) for the period divided by

equals the sum of Directors Remuneration, Personnel Costs a

g Costs ;

sum of Directors Remuneration, Personnel Costs and Bonuses

osits;

ent Deposits;

Equity;

f the period end divided by NPLs as of the same date;

omprise 10% of Core Capital

of the period, plus provisions for (less recovery of) other asset

he period end divided by Total Risk Weighted Assets as of the

l Bank of Rwanda.

mber.


same period;

Equity for the same period;

ces With Banks, Treasuries and

same period;

otal Operating Income;

d Bonuses (Paid and Accrued)

(Paid and Accrued) for the

s, divided by average Gross

same date, both calculated in

bank of kigali announces q3 2011 and 9m 2011 reviewed results

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