Focus on Digitalization and Revenue Diversification
H1 underlying profit of RWF 5.2 billion, driven by solid operating income
growth (+16% YoY) and lower cost of credit
RWF Million
June-21
June-20
%
Net interest income
13,309
11,229
19
Efficiency ratio
- 5%
65.0%
59.9%
Net fee income
857
768
12
Trading and other income
2,131
2,067
3
June-20
June-21
Total operating income
16,300
14,065
16
Operating expenses
-9,769
-9,144
7
Net operating income
6,531
4,921
33
Net Impairment Charge
-1,342
-1,582
-15
Profit Before Tax
5,189
3,339
55
Tax Expense
-1,816
-1,169
Profit After Tax
3,373
2,170
•
H1 2021 performance reflects continued
benefits of our diversification strategy.
Non-Funded Income propped by
increased level of activity in Q2 2021.
Net impairment decrease driven by an
improved macroeconomic outlook and lower
unsecured balances.
OPEX appropriately managed, well below
budget.
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