TheAnalyst

Profit after tax rose only 3% to Frw12.1bn dragged by derivative loss of Frw4.3bn (vs gain in 2024). • Net interest income rose 25% to Frw28.5bn • Net fee income rose 23% to Frw6.1bn • FX income rose 19% to Frw4.3bn Revenue diversification remains stronger than many peers.

@EcobankRW 2025 performance spotlight Total assets grew 35% to Frw637bn, one of the stronger growth rates in the market. Customer deposits increased 40% to Frw552bn loans grew 19% to Frw82.9bn, slower than deposits and far below overall balance sheet growth.

Strong balance sheet growth. Total assets rose 33% to Frw1.09tn, faster than the broader market (~22%). Loans grew 37%, one of the fastest growths in the sector. With the highest Deposits from banks/TA (15%), the bank depends more on wholesale funding than peers.

@imbankrw 2025 performance spotlight: Solid performance, with PAT up 24% to Frw23.2bn. Operating income up 23% to Frw83.2bn. Revenue mix is more interest-led: • Non-interest income fell to 17% of total income (from 24%) • FX income declined 17% • Net fee income fell 13%

Timely directive given rising geopolitical risk and expected fuel price pressure linked to the Middle East crisis. Significant opportunities for providers of charging infrastructure, reliable, affordable electricity, and electric vehicles #Rwanda #GreenGrowth #EVs

BREAKING 🚨: U.S. Banks U.S. Banks are currently facing unrealized losses of $306 Billion 🤯👀

🚨ITANGAZO/NOTICE/AVIS🚨

#Rwanda’s latest Economic Bulletin points to a resilient economy navigating global shocks. Strong GDP growth, jobs improving, credit strong. Inflation is the key near-term risk amid global shocks. #Economy #Business #Africa

Bottom line: A high credit-driven growth delivering strong profits - but sustainability will depend on funding costs, liquidity discipline, and broader revenue diversification. #Rwanda #Banking #Finance

3️⃣Balance sheet growth: 45% - Highest in the market. Loans / Total assets: 60%. Loans / Deposits: 96% both highest in the sector. Shows exceptional intermediation of deposits into credit, supporting the economy.

@BPRbankrw 2025 performance spotlight: 1️⃣ PAT growth: 38% - well above the 17% market average Non-interest income / total income: 14% 2nd lowest in the market & below 19% sector average - profits vulnerable to interest margin risk.

Bottom line: Operationally sound and revenue-diversified, but slower growth and asset quality trends will be the key watchpoints. #Rwanda #Banking #Finance

3️⃣Asset growth: 11% vs 22% market growth Below-market growth may reflect a cautious strategy and tighter risk appetite. Loans / Assets: 49%. Loans / Deposits: 78% Indicates active conversion of funding into credit - supportive of households, firms and broader economic activity.

@RwEquityBank 2025 performance spotlight 1️⃣ PAT growth: 10% vs 17% sector average Lagged the market due to slower balance sheet growth Non-interest income / total income: 28% 2nd only to Access (31%), above sector average of 19%. Diversified revenue streams improve resilience

Bottom line: A fundamentally strong performance relative to Rwanda’s commercial banking sector. Efficient, profitable, and strongly lending-focused, but with some asset quality and relative growth questions to watch. #Rwanda #Banking #Finance

3️⃣Assets grew 16% vs 22% market growth Loans / Total assets: 59%. Loans / Deposits: 89% Second only to BPR. Indicates a credit-oriented balance sheet and active conversion of deposits into credit. Positive for economic financing.

@BankofKigali 2025 performance spotlight: 1️⃣PAT growth of 23% vs 17% sector average. Suggests better balance sheet utilization Cost-to-income ratio: 37% 2nd only to Equity (35%), indicative of stronger operating discipline