Bank of Kigali (BK) Group's shareholders will receive Rwf14.4 per share in dividend payout for the year 2019, after at least 69 members approved the decision on Wednesday.
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 continue to receive payouts even for the current financial year.
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.
