{"id":471608,"date":"2021-05-31T13:16:08","date_gmt":"2021-05-31T13:16:08","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471608"},"modified":"2021-05-31T13:16:08","modified_gmt":"2021-05-31T13:16:08","slug":"rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/05\/31\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\/","title":{"rendered":"Rwanda: I&#038;M Bank reports profit of 1.6 million USD in the first quarter of 2021"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>&amp;M Bank (Rwanda) Plc announced this weekend that it made an after-tax profit of 1.6 billion Rwandan francs (1.6 billion USD) in the first quarter of 2021.<\/p>\n<p>\u201cDespite a difficult context caused by the coronavirus pandemic, the bank has shown resilience. Given the dynamics we are seeing in the economic recovery and vaccine delivery, we are starting to see a slow return to normal, \u201dsaid Robin Bairstow, Managing Director of I&amp;M Bank Rwanda. The official added that \u201con the Bank&#8217;s side, a review of our results shows positive performance on all key financial indicators, highlighting the good momentum with which we started in 2021. The bank remains on strategy\u201d.<\/p>\n<p>Regarding total operating income, it stood at Rwf 8 billion (USD 8.2 million) in March 2021, representing growth of 12% year on year. For its part, the bank&#8217;s loan portfolio closed at Rwf 212 billion (USD 217.5 million) while deposits increased by 19% to stand at Rwf 356 billion (USD 365 million).<\/p>\n<p>As for operating expenses, they amounted to around 5 billion Rwf (5 million USD), an increase of 12% compared to the same period last year.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&amp;M Bank (Rwanda) Plc announced this weekend that it made an after-tax profit of 1.6 billion Rwandan francs (1.6 billion USD) in the first quarter of 2021. \u201cDespite a difficult context caused by the coronavirus pandemic, the bank has shown resilience. Given the dynamics we are seeing in the economic recovery and vaccine delivery, we<\/p>\n","protected":false},"author":536282,"featured_media":471602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12000,11996],"tags":[18553,2233,12871,18554],"class_list":["post-471608","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-banks-insurance","category-finance-en","tag-1-6-million-usd","tag-im-bank","tag-rwanda-en","tag-the-first-quarter-of-2021","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rwanda: I&amp;M Bank reports profit of 1.6 million USD in the first quarter of 2021 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/05\/31\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-31T13:16:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/05\/IM-Bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Rwanda: I&#038;M Bank reports profit of 1.6 million USD in the first quarter of 2021\",\"datePublished\":\"2021-05-31T13:16:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/\"},\"wordCount\":189,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/IM-Bank.jpg\",\"keywords\":[\"1.6 million USD\",\"I&amp;M Bank\",\"Rwanda\",\"the first quarter of 2021\"],\"articleSection\":[\"Bank\",\"Banks &amp; Insurance\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/\",\"name\":\"Rwanda: I&M Bank reports profit of 1.6 million USD in the first quarter of 2021 - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/05\\\/31\\\/rwanda-im-bank-reports-profit-of-1-6-million-usd-in-the-first-quarter-of-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/IM-Bank.jpg\",\"datePublished\":\"2021-05-31T13:16:08+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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