Bank of Kigali (BK) Group has approved shareholders' dividends to the tune of Rwf14.4 per share in dividend payout for the year 2019.
Financial institutions globally are undergoing economic stress due to the impact of the COVID-19 pandemic, making it hard for some banks to return capital to their shareholders.
BK Group's chief executive, Diane Karusisi touted the BK's capital position, saying it's strong and that shareholders will be able to receive payouts once BNR approves.
We believe we shall be in position to distribute dividends," she told shareholders at the bank's annual general meeting.
BK says its clients have been affected, forcing some to close operations, and Karusisi indicated that the bank was ready to avail more capital to facilitate struggling businesses.
