Founded 51 years ago, bank of kigali is the biggest lender in rwanda by assets and it operates 79 outlets and an insurance business. In 2015, the bank of kigali incorporated an insurance business through bk general insurance company that was licensed by the national bank of rwanda to transact general insurance in march 2016. Bank statements for the lst 6 monthsif account held with another financial institution why you should take a mortgage loan from the bank of kigali the first reason why you should take a mortgage from the bank of kigali is that the loan finances your house up to 100 %. Interest in share offers is high in rwanda, after shares of bank of kigali bk rose 52% to rwf190 in their first day of trading on 1 september. Rwandas bank of kigali sets ipo price of 125 francs reuters.
Rw attracted solid demand from investors, with the subscription rate at 209 percent. Bank of kigali continues to transform lives across rwanda and each year our commitment to this course has been recognised both at home and around the world. The vision of bk general insurance company is to be the leading. The bk will increase its lending to the private sector by 30 percent, from rwf110 billion last year to rwf billion this year, after securing a credit line from the. Check out the various important details such as price band, listing date, allotment status and company profile in this post. Kigali, march 21 reuters rwandas initial public offering of a 19. The bank was incorporated in the republic of rwanda on 22 december 1966. This is the second public equity raising initiative by bk following the successful ipo in 2011 and it provides you with an.
Bank of kigali has been growing its loan portfolio with a strong presence in rwandas corporate banking segment. Nairobi, johannesburg, london under consideration after a 5year wait, bank of kigali appears set for another big move. Bank of kigali is the largest commercial bank in rwanda, by total assets. May 24, 2018 bank of kigali plans to list at the nairobi securities exchange. The plan is to list and trade the shares, in kigali, as imr from 31 march 2017. Initially bank of kigali was founded as a joint venture between. It still has upside, but with increasing risk bok is expensive relative to peers, but bok enjoys a dominant position 33% market share in a country where banking will continue to have doubledigit growth. Company, i have great pleasure in presenting to you this prospectus for the initial public offer ipo for the subscription of new shares in the company offer shares. Timetrics bank of kigali limited company capsule contains in depth information and data about the company and its operations. This post endeavors to provide you with a brief overview of this opportunity to invest. The rwandan government on tuesday launched the offer for the sale of its 19. This document the prospectus comprises a prospectus relating to metro bank plc the company or metro bank prepared in accordance with the prospectus rules of the financial conduct authority the fca made under section 73a of the financial services and markets act 2000 as amended the fsma. Other banks were kcb rwanda rwf 149 billion and equity rwanda rwf 93 billion. Bank of kigali to list at the nairobi securities exchange.
The nairobi securities exchange presents the advantage of custodians such as barclays and hsbc allowing international investors. The firm announced this earlier today at their annual general assemble making it the first local company to crosslist. Bk group plc formerly bank of kigali limited is rwandas largest commercial bank by assets and licensed by the countrys banking regulator, national bank of rwanda. The bank control 2530% of the banking sector in rwanda. Asa international is one of the worlds largest international microfinance institutions providing small, socially responsible loans to lowincome entrepreneurs, most of whom are women, across asia and africa.
Bank of kigali plans to list shares on nairobi bourse. However, with rwanda now part the east african community, some major banks in the region have joined the market and are operating in rwanda. It offers a full spectrum of products and services for retail banking, corporate banking and central treasury. The vision of bk general insurance company is to be the leading provider of innovative, high quality insurance services. The main foreign bank with major activities in rwanda is kcb, kenya commercial bank. The prospectus has been seen and approved by the directors and the promoter of bank of kigali and they collectively and individually accept full responsibility for the accuracy of the information given and confirm that, after having made all reasonable enquires, and to the best of their knowledge and belief, there are no false or misleading statements or other facts the omission of which would. The bank is one of the commercial banks licensed by the national bank of rwanda, the countrys banking regulator. Download the numbers in excel shortly after the ipo, the government announced that the president, paul kagame, had personally applied to buy shares in the bank of kigali, a move designed to assure investors and boost interest in the issuance. Profile of bank of kigali bank of kigali bk is a commercial bank in the republic of rwanda. Bank of kigali ipo prospectus rse rwanda stock exchange. From a single seafood restaurant, the company has grown to over 20 restaurants in singapore, china and japan.
Bank of kigali limited company capsule market research. Asa rwanda has branches in all five provinces kigali, northern, western. This document the prospectus comprises a prospectus. Bank of kigali plans to list at the nairobi securities exchange.
The organizational chart of bank of kigali displays its 32 main executives including diane karusisi, nathalie mpaka and desire rumanyika. The profile contains a company overview, key facts, major products and services, financial ratios, key competitors, financial analysis, recent developments, key employees as well as company locations and subsidiaries. Check out the various important details such as price band, listing date, allotment status and. Kigali bank of kigali bk limited launched its initial public offering ipo yesterday 30th june, floating 45 percent of its shares for the public to acquire a stake in one of the biggest banks in the country.
This ipo and the subsequent listing of our shares is one of the greatest milestones in the long history of our company in kenya. Bank of kigali excited the local rwanda bourse with an initial public offer ipo in 2011 which sent its stock up by 52% on first day of trading on september 5. Bank of kigali report april 28, 2014 shalifay llp investment frontier 1 highlights bank of kigali bok has rallied 156% since its ipo 1. Jumbo group of restaurants began with the inception of jumbo seafood, a singaporestyle seafood restaurant, in 1987. Bank of kigali was started in 1966 to provide commercial banking services to individuals, small businesses and large corporations. Please be mindful of fake sites run by fraudulent parties posing as gtbank or its affiliates. Jun 29, 2011 rwandas bank of kigali set its initial public offering price at 125. Guaranty trust bank is a leading african bank that offers onlineinternet banking, retail banking, corporate banking, investment banking and asset management important notice. The initial public offer ipo, which opened on 30 june and ran for a month, offered the shares at rwf125. Bank of kigali seeks foreign listing the independent uganda. By continuing your navigation, you consent to their use. Mar 07, 2016 this document the prospectus comprises a prospectus relating to metro bank plc the company or metro bank prepared in accordance with the prospectus rules of the financial conduct authority the fca made under section 73a of the financial services and markets act 2000 as amended the fsma.
Aug 20, 2017 bank statements for the lst 6 monthsif account held with another financial institution why you should take a mortgage loan from the bank of kigali the first reason why you should take a mortgage from the bank of kigali is that the loan finances your house up to 100 %. Rbl bank or ratnakar bank ipo is hitting the primary market this week. This prospectus is dated 21 may 2015 and is valid for 6 months from this date. Rbl bank ltd is one of indias fastest growing private sector banks in the last six years. According to the ipo prospectus, the bank s overall loan portfolio increased by over 41 per cent net of provision for loan losses between december 2008 and december 2010. Its shares were listed on the rwandan stock exchange in 2011. Mar 03, 2017 the plan is to list and trade the shares, in kigali, as imr from 31 march 2017. Initial public offer ipo details initial sale opening. Bank of kigali is the second domestic company to be listed on the rwanda stock exchange in an ipo which was recognized as the best african listing by africa investor ai. Mar 21, 2017 kigali, march 21 reuters rwandas initial public offering of a 19. This means that you dont have to chip into your pocket to top up the loan. Rwandas bank of kigali set its initial public offering price at 125. I finally wish the bank and the rwanda capital market a successful ipo.
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