Bank of Kigali 1H 2010 Results Update

BANQUE DE KIGALI S.A.
R.C. A 019 Kigali B.P. 175 - KIGALI TIN n 10.000.345 Capital : RWF 5 005 000 000 Parcelle 6112, Avenue de la Paix Kigali (Rwanda)
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Bank Of Kigali 1H 2010 Results Review
October 2010
About Bank of Kigali

Key Facts
Established in 1967 The state increased its equity interest in the Bank from 50% to 100% in 2006 Current management team assembled in 2007 Board of Directors enhanced & internationalised in 2009 New strategy focusing on the universal banking business model and profitable growth adopted in 2009
The Leading Bank In Rwanda

Number 1 bank by total assets with 28% market share as at 30 June 2010
US$ mln, unless otherwise noted
Total Assets Net Loans Client Deposits & Balances Equity
YE 2009 265.0 134.5 190.6 32.3
Jun-10Growth, YTD 297.6 15.1% 151.7 15.6% 214.1 15.1% 35.3 11.9%
International & local awards 2009 Bank of the Year Award from the Banker Best Bank in Rwanda Award in 2009 & 2010 from EMEA Finance Magazine Best Taxpayer in Rwanda for eight years running 20022009
Market Share Evolution

YE 2006 YE 2007 YE 2008 YE 2009 1H 2010 24.4% 26.0% 23.4% 26.4% 27.9% 21.4% 22.3% 24.4% 26.8% 29.2% 24.7% 27.9% 24.6% 25.7% 27.2% 24.8% 20.0% 22.3% 26.8% 25.6%
Growing Faster Than The Banking Sector

Total Assets Growth Bank of Kigali The Rwandan Banking Sector Net Loan Book Growth Bank of Kigali The Rwandan Banking Sector Total Deposits Growth Bank of Kigali The Rwandan Banking Sector 1H 2010 15.1% 8.9% 1H 2010 15.6% 6.1% 1H 2010 13.5% 9.8% Q2 2010 11.7% 5.6% Q2 2010 5.5% 3.1% Q2 2010 12.5% 6.4% Q1 2010 3.0% 3.1% Q1 2010 9.6% 2.9% Q1 2010 0.9% 3.2%
Total Assets Gross Loans Total Deposits Shareholders Equity
October 2010
Bank of Kigali 1H 2010 Results Overview
Investment Highlights
Sound Operating Environment Politically stable country with the government widely admired for fostering socioeconomic progress, rooting out corruption and effective absorption of foreign aid Young population base of around 10 million, PPP-adjusted GDP per capita of US$1,150 Robust economic growth of 9%-6%% in 2005-2009, GDP growth of 6% in 1H 2010 Diversifying export base, CAD contained at 7% of GDP Sensible monetary policies, manageable inflation (2010 YTD CPI of 4.8%), managed currency float Named Top Reformer globally in the 2010 World Bank Doing Business Report Access to a large regional market through the East African Community integration initiatives Well-regulated banking sector Early stage of development, with Banking Assets/GDP of 19.6% as at YE 2009 Sector asset growth of 12% in 2009, 9% in 1H 2010 Over 90% of the population unbanked Highly concentrated banking sector, with Top 3 banks accounting for a 61% market share (81% for Top 5) Significant execution risks involved in capturing significant market share for a new entrant, due to large capital outlays required for building a retail footprint, limited pool of managerial talent, and a narrow base of large corporates The largest bank in Rwanda by assets (28% market share), loans (29%), deposits (27%) and equity (26%) Growing faster than the banking sector, achieving further market share gains The most profitable bank in Rwanda, accounting for 72% of aggregate sector profit in 2009 and 47% in 1H 2010 Well-known, trusted and prestigious brand Aggressive expansion strategy aiming at achieving retail banking ubiquity and further market share capture is underway Banker of choice for large corporates for decades, complementing this traditional strength with focus on SME banking Private banking launch imminent Diversification of revenue streams sought by focusing on unfunded income sources and product innovation Governed by an effective board comprising accomplished local leaders and seasoned international banking executives Unqualified IFRS quarterly and annual audits since 1999 when National Bank of Rwanda started requiring quarterly and annual audit of the financial statements Investor Relations outreach started in 2010 Establishing itself as an international borrower, with EIB a lender and discussions with several other IFIs Experienced and knowledgeable management team Entrenched and long-standing corporate client relationships allow for sound credit risk management Operating efficiency, with Cost-Income Ratio below 50% despite the ongoing footprint expansion Modern IT platform with all branches online and developing electronic banking channels Self-funding business model, with Loans/Deposits of 71% allowing for further substantial loan book expansion CAR of 16.5%, significantly above the current regulatory requirement of 10% Disciplined approach to business diversification, with Top 10 Borrowers and Depositors accounting for 27.8% and 26.9% of Total Loans and Total Deposits, respectively Very little uncollateralised lending; NPLs comprise less than 10% of the loan book and are aggressively managed Sound AML/KYC policies and strict OR controls in effect
Banking Sector Potential
High Barriers To Entry
Market-Leading Franchise
Universal Banking Strategy Driving Profitable Growth
Transparency And Good Governance
Sound and Balanced Business Model
October 2010
Bank of Kigali Key Figures

Millions, unless otherwise noted
Q2 2010 US$ RwF 174,901 89,151 125,838 154,151 20,750 25 6 3,694 417
Q1 2010 US$ 272.5 147.1 198.0 238.7 33.8 RwF 156,527 84,517 113,727 137,137 19,391 20 6 1,690 370
YE 2009 US$ 265.0 134.4 190.6 232.6 32.3 RwF 151,896 77,096 109,282 133,356 18,540 17 6 3,527 303
Total Assets Net Loans Client Balances & Deposits Total Liabilities Total Shareholders Equity Number of branches Number of ATMs Number of debit cards in issue
297.6 151.7 214.1 262.3 35.3
FTEs
RwF/US$ exchange rate (e-o-p)
587.8
574.4
573.2
October 2010
Bank of Kigali Development Milestones

2006 US$167.5 mln US$72.0 mln US$131.3 mln US$16.2 mln 9 2007 US$228.4 mln US$91.2 mln US$190.9 mln US$19.2 mln 9 2008 US$219.4 mln US$131.0 mln US$170.5 mln US$28.9 mln 12 2009 US$265.0 mln US$134.5 mln US$190.6 mln US$32.3 mln 17 2010 US$297.6 mln US$151.7 mln US$ 214.1mln US$35.3 mln 30 2010 YTD Growth +15.1% +15.6% +15.1% +11.9% Total Assets (e-o-p) Loan Book (e-o-p) Client Deposits (e-o-p) Equity (e-o-p) Number of branches
2 Retail Banking Corporate Banking Trade Finance Foreign Exchange Internet Banking
6 Retail Banking Corporate Banking Trade Finance Foreign Exchange Internet Banking SMS Banking Private Banking
Number of WesternTrained Professionals Key Business Lines
EIB Euro 5 million loan facility
EIB Euro 5 million loan facility
Key Lenders
Discussions with several IFIs underway
RwF/US$ exchange rate (e-o-p) 2006 525.670 2007 533.413 2008 550.439 2009 573.231 2010 587.801
Note: growth rates based on RwF values
October 2010
Bank of Kigali Branch Network

30 branches as of October 2010, of which 13 in Kigali 17 in regions
2006 Number of branches 9
2007 9
2008 12
2009 17
1H 2010 25
October 2010
1H 2010 Financial Highlights

Total Assets
RwF' Million
200,000 133,714 150,000 145,414 151,896 156,527
Net Loans
RwF million
174,901
28.5% 27.9% 28.0% 27.5% 27.0% 26.5% 26.0% 25.5% 25.0% 24.5% 24.0%
100,000 80,000 60,000 40,000

20,000 30-Jun-09 30-Sep-09 YE 2009 71,380
77,096
69,452 26.8%
84,517 28.6%
89,151
35.0% 30.0%
25.0% 20.0%
29.2%
26.4%
100,000 50,000 25.6%
25.0%
26.3% 25.6%
22.8%
15.0% 10.0%
5.0% 0.0% 31-Mar-10 30-Jun-10
30-Jun-09 30-Sep-09 YE 2009 31-Mar-10
30-Jun-10
Total Assets (LHS)
Market Share By Total assets (RHS)
Net loans (LHS)
Market Share By Net Loans (RHS)
Client Deposits
RwF million
140,000 125,838 98,076 106,892 28.3% 109,282 113,727 29.0% 28.5% 28.0% 27.5% 27.0% 26.5% 26.0% 25.5% 25.0% 24.5% 24.0%
Shareholders Equity
RwF million
25,000 19,889
20,000
26.8% 19,391
20,750
27.0%
26.5%
120,000 100,000 80,000 60,000 40,000 20,000 -
27%
18,872 15,000
10,000
26.3%
18,540
26.0% 25.6% 25.5%
25.7% 24.9%
25.0%
24.5% 24.0%
25.9%
25.7%
25.9%
5,000
30-Jun-09 30-Sep-09 YE 2009 31-Mar-10 30-Jun-10
23.5%
30-Jun-09
30-Sep-09
YE 2009
31-Mar-10
30-Jun-10
Client Deposits (LHS)
Market Share By Total Deposits (RHS)
Shareholders Equity (LHS)
Market Share By Shareholders' Equity (RHS)
October 2010
1H 2010 Financial Highlights Contd

Total Assets
US$ mln
350.0 300.0 297.6 272.5 120.0
Net Loans
US$ mln
160.0 140.0 127.6 134.5 124.2 147.1 151.7
260.0
250.0 200.0 239.1
265.0
100.0
80.0 150.0 100.0 60.0
40.0
20.0 June 2009 September 2009 December 2009 March 2010 June 2010 June 2009 September 2009 December 2009 March 2010 June 2010
50.0
-
Client Balances & Deposits

US$ mln
250.0 214.1 198.0
Shareholders Equity
US$ mln
40.00 35.00 30.00 25.00 20.00 33.7 35.6 4.5 32.3
Dividends of US$4.5 mln paid
33.8
35.3
200.0
191.1 175.4
190.6
150.0
100.0
15.00
10.00
50.0
5.00
June 2009 September 2009 December 2009 March 2010 June 2010
0.00
June 2009
September 2009
December 2009
March 2010
June 2010
October 2010

Composition of Total Assets, RwF mln
RwF million
200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 -
Composition of Total Liabilities, RwF mln

RwF Million
180,000 160,000 140,000 8,970 5,067 15,104 12,972 11,597 11,812 15,341
8,647 5,157
6,060 77,096 71,380 3,617 6,392
5,747 6,431 84,517
6,919 89,151
120,000
100,000 80,000
11,540
109,282
51,118 30-Jun-09
64,791
59,832
70,184
60,000 40,000
113,727
98,235
125,838
YE 2009 Net Loans
31-Mar-10 Fixed Assets
30-Jun-10 Other Assets
20,000
-
Cash & Equivalents
30-Jun-09
Client Deposits
YE 2009
31-Mar-10
30-Jun-10
Borrowed Funds
Other Liabilties
Composition of Total Assets, %

100.0%
80.0% 60.0% 40.0% 38.2% 20.0%
Composition of Total Liabilities, %

100.0% 90.0% 80.0%
70.0% 60.0% 50.0% 40.0% 4.4% 10.0% 6.7%
3.9% 4.5%
53.4%
2.4% 4.2% 50.8%
3.7% 4.1% 54.0%
4.9% 4.0% 51.0%
8.5%
8.6%
8.4%
10.0%
11.3%
42.7%
38.2%
40.1%
30.0% 20.0% 10.0% 85.5%
81.9%
82.9%
81.6% 30-Jun-10
0.0%
30-Jun-09 Cash & Equivalents YE 2009 Net Loans 31-Mar-10 Fixed Assets 30-Jun-10 Other Assets
0.0% 30-Jun-09 Client Deposits YE 2009 31-Mar-10
Borrowed Funds
Other Liabilties
October 2010

Revenue
RwF Million
12,000
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 -
Total Recurring Operating Costs

RwF Million
+81.3% 4,592
10,000
8,000
+23.6% 7,913
9,781
2,532
Heavy investment in branch network expansion, +107 FTE's
6,000
4,000
2,000
1H 2009 1H 2010
1H 2009
1H 2010
Profit Before Provisions

RwF Million
6,000
5,000
Net Income
RwF Million
3,500
5,381
-3.6% 5,189
3,000 2,500
2,975
-25.7%
4,000
2,210
2,000
3,000 2,000
1,500 1,000
500 -
1,000
-
1H 2009
1H 2010
1H 2009
1H 2010
October 2010
10

Revenue Composition
RwF Million
12,000 +23.6% 10,000
Net Fee & Commission Income

RwF Million
400
9,781
4,069 41.6%
+125.2% 350 300 250
347
8,000 6,000 4,000 2,000

-
7,913
2,830 35.8%
5,083
64.2%
5,713 58.4%
200
154
150 100 50
1H 2009
Net Interest Income
1H 2010
Non-Interest Income
1H 2009
1H 2010
FX Trading Income
RwF Million
2,500 +63.4% 2,380
Net Other Non-Interest Income

RwF Million
1,400 1,200 1,000 1,156
+7.5% 1,243
2,000
1,500 1,000 500 1H 2009 1H 2010
1,457
800 600
400 200 -
1H 2009
1H 2010
October 2010
11

Recurring Operating Costs Structure, 1H 10
Recurring Operating Costs, 1H 09-1H 10

RwF Million 5,000 4,500
4,592 1,601
Other Operating Expenses, 35.3%
Personnel Cost, 53.5%
4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 -
2,532
543
953
352 1,227
2,447
Depreciation, 11.3%
1H 2009 Personnel Cost Depreciation
1H 2010 Other Operating Expenses
Normalised Cost/Income Ratio

60.0% 49.3% 50.0% 42.3% 40.0% 30.0% 20.0% 10.0% 0.0% 38.5% 45.0%
350 300 318 450
Total Employees
417 370 358
400 310
303
33.6%
31.7%
250 200 150 100 50 0
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Q1 2010
Q2 2010
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Q1 2010
Q2 2010
Cost/Income ratio equals Total Operating Income divided by the sum of Recurring Operating Costs and Bonuses (Paid or Accrued)
October 2010
12

Gross Loans
RwF Million
100,000 90,000
80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q2 '10 19,953 13,245 13,056 22,070 22,097 16,816 78,671 80,914 75,152 61,907 89,410 93,524 76,708
Net Loans
RwF Million
100,000 90,000 80,000 70,000 71,550 53,734 84,517 77,096 69,453 57,481 56,171 89,151 73,631
73,067
58,844 60,011
67,313
58,718
71,380
59,266
63,888
60,000
50,000 40,000 30,000 20,000
10,000
0
17,817 12,113 11,972
20,925
20,629
15,520
Q1 '09
Gross Retail Banking Loans Gross Corporate Banking Loans
Q2 '09
Q3 '09
Q4 '09
Net Corporate Banking loans
Q1 '10
Q2 '10
Net Retail Baning Loans
Note: share of gross retail banking loans in gross loans decreased due to the reclassification of certain clients from Retail Banking to SME
Note: share of net retail banking loans in gross loans decreased due to shifting of number of clients from retail to SME
Client Deposits & Balances

RwF Million
140,000 120,000 98,076 106,892 87,818 73,631 82,845 109,282 57,983 113,727 125,838
Term Deposits
RwF Million
35,000 29,916
100,000
80,000 60,000 40,000
68,735
98,474
30,000
25,000 20,000 22,290 18,597
26,373
22,975
26,912 25,958
27,270
17,753
29,146
25,406
25,837
58,322
15,000
51,299 29,497 24,445 Q2 '09 24,047 Q3 '09 Q4 '09 Q1 '10 44,991 27,364 Q2 '10
10,000
20,000 -
5,000
0 3,693 Q1 '09 3,398 Q2 '09
9,517
1,075
Q3 '09
3,958 Q4 '09 Q1 '10
3,740 Q2 '10
Q1 '09
Retail Banking Client Balances & Deposits Corporate Banking Client Balances & Deposits
Retail Banking Term Deposits
Corporate Banking Term Deposits
Note: share of retail client deposits & balances in client deposits & balances decreased due to shifting of number of clients from retail to SME
Note: share of retail term deposits term deposits decreased due to shifting of number of clients from retail to SME
October 2010
13
Capital Adequacy & Liquidity

Total Capital Adequacy Ratio (BNR)
20.0% 18.0% 16.0% 14.1% 16.9% 17.7% 16.4%
70.0% 59.7% 60.0% 54.0%
Net Loans/Total Assets
16.0%
14.0% 12.0% 10.0% 8.0% 6.0% 4.0%
50.8% 50.0%
39.9%
51.0%
40.0% 30.0%
20.0% 10.0% 0.0%
2.0%
0.0%
2007
2008
2009
Q1 2010
Q2 2010
2007
2008
2009
Q1 2010
Q2 2010
Net Loans/Client Balances & Deposits

90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 47.8%
10,000
Cumulative Liquidity Gap

RwF mln
30,000 20,000 20,750 18,539
76.8% 70.5%
74.3%
70.8%
(10,000) (20,000) (30,000) (30,927) (40,000) (50,000) (47,135) (35,089) 0-1 month 0-3 months 0-6 months 0-12 months (2,623) 0-5 years 0-over 5 years (12,492)
(25,336)
(27,822)
(27,901) (27,500) (37,775)
2007
2008
2009
Q1 2010
Q2 2010
(60,000)
Cumulative Liquidity Gap (YE 2009)
Cumulative Liquidity Gap (June 2010)
October 2010
14
Loan Book Analysis

Loans By Currency, 1H 2010
100.0% 90.0% 80.0% 70.0%
NPLs
RwF Million
14,000 11.7% 12,000 11.6% 11.6% 9.8% 14.0% 12.0%
5.5%
60.0% 50.0%
40.0% 30.0% 20.0% 10.0%
82.0% 94.5%
10,000
8,000 7.1% 7.8%
10.0%
8.0% 6.0% 8,692 8,029 7,621 8,739 9,170 4.0%
18.0% Corporate Loans Foreign Currency Retail Loans Local Currency
6,000 4,000
12,357
0.0%
2,000
Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 NPLs (LHS) NPLs as % of gross loans (RHS)
2.0%
0.0%
Loan Loss Reserve

RwF Million
7,120 8,000 7,000 6,000 12.0%
Gross Loan Book Breakdown By Maturity

RwF Million
70,000 60,000 61,916
10.0%
3,773 5.3% 3,613 5.2% 3,818 5.0%
4,893 4,373
10.0%
8.0% 6.0% 5.8% 4.9%
50,081
50,000 40,000
5,000
4,000 3,000
30,000 20,000 10,000 18,678 16,023

2,250 Less than 1 month
4.0%
2.0%
2,000
1,000 -
6,460
6,899
3,243 3 to 6 months 1H 2010
6,662 2,225
6 to 12 months Over 1 year
Q1 2009
4,322 Q2 2009
Q3 2009
Q4 2009
814 Q1 2010
2,669
0.0%
1 to 3 months
Q2 2010
YE 2009
Loan loss reserve (LHS) Write-offs (LHS) Loan loss reserve as % of gross loans (RHS)
October 2010
15
Client Balances & Deposits

Client Balances & Deposits Breakdown, 1H 2010
Retail Term deposits, 3.2% Retail Current Accounts, 18.5%
Corporate Current Accounts, 58.1%
Client Balances & Deposits By Currency, 1H 2010

100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%
74.8% 79.6%
Corporate Term deposits, 20.2%
25.2%
20.4%
Local Currency Corporate Client Deposits
Foreign Currency Retail Client Deposits
Retail & Corporate Client Balances & Deposits

RwF Million
140,000 120,000 98,076 106,892 87,818 73,631 82,845 109,282 57,983 113,727 125,838
Client Balances & Deposits By Maturity, 1H 2010

80.0% 70.0%
72.7%
100,000
80,000 60,000
68,735
98,474
60.0% 50.0% 40.0%
58,322
40,000
51,299 29,497 24,445 Q2 '09 24,047 Q3 '09 Q4 '09
44,991 27,364
20,000 -
30.0% 20.0%
Q1 '09
Q1 '10
Q2 '10
10.0%
12.5% 3.5% 3.3% 3.8% 4.2%
Retail Banking Client Balances & Deposits Corporate Banking Client Balances & Deposits
0.0% On Demand Less than 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year
October 2010
16
Corporate Banking Overview

Our Top Clients

Highlights
Serving over 3,500 legal entities Top clients include
Inyange Industries, the leading food processing company in Rwanda Bralirwa, the leading beverage company in Rwanda Kobil Petrolium, one of the leading oil companies in Rwanda Engen Rwanda, one of the leading oil companies in Rwanda Bruseels Airlines SULFO Rwanda industries, one of the leading cosmetics, detergents, mineral waters, plastic moldings, polyethylene films and tubing manufacturers in Rwanda, with operations in East & Central Africa Merez Petroleum, one of the leading petroleum importers in Rwanda Gorillas Hotels, deluxe hotel chain operator Onatracom, the leading public transportation company China GEO Engineering, the leading infrastructure development company Rwanda Mountain Tea, the major tea producing companies in Rwanda Akagera Motors, the major importer of Toyota vehicles in Rwanda Tolirwa, the major metal materials manufacturer in Rwanda MTN, the leading communications provider in Rwanda Ameki Color, the leading paint manufacturer in Rwanda German Agro Action, a non-governmental organisation
Gross Corporate Loan Portfolio By Products, 1H 10

RwF Million
Overdrafts, 3,650
Commercial mortgage loans, 22,407
Working capital loans, 18,107
Merez Petroleum
CapEx Loans, 23,642
Client coverage started in spring 2010
Corporate Client Balances & Deposits

YE 2009
RwF 57,983 mln
Gross Corporate Loans

RwF mln
90,000 80,000
76,708 67,313 58,718 61,907 60,011 58,844
1H 2010
RwF 98,474 mln
Term Deposits, 25,412 25.8% of corporate client balances & deposits Demand Deposits, 73,062 74.2% of corporate client balances & deposits
3,078
70,000
Demand Deposits, 32,026

Tolirwa
Term Deposits, 25,958 44.8% of corporate client balances & deposits
3,425
60,000
50,000 40,000 30,000 20,000 10,000 0
4,984
2,641
2,530
2,673
73,631
53,734 59,266 57,481 56,171 63,888
55.2% of corporate client balances & deposits
Q1 '09
Q2 '09
Q3 '09
Q4 '09 Provisions
Q1 '10
Q2 '10
Net corporate loans
Top 10 deposits & balances Top 20 deposits & balances
2006 24.3% 30.9%
2007 31.5% 40.8%
2008 23.9% 34.3%
2009 26.0% 36.8%
1H 2010 26.9% 34.9%
Top 10 Borrowers Top 20 Borrowers
2006 22.5% 31.6%
2007 20.2% 49.1%
2008 21.7% 32.3%
2009 26.0% 33.3%
1H 2010 27.8% 34.6%
October 2010
17
Retail Banking Overview

Highlights Serving over 40,000 individuals, up from c.30,000 as at YE 2009 25 branches as of 30 June 2010, further branch network expansion underway Over 40,000 retail accounts as of 30 June 2010 A major enhancement of electronic banking channels underway The retail product lineup redesign underway
RwF Million
2,000
1,500
Retail Loans Disbursed

379 272 183 76 171 188
200 100
1,092 0 888 1,490 1,868 1,050 917 0
400
300
1,000 500
Q1 '09
Q2 '09 Q3 '09 Q4 '09 Q1 '10 Volume of Retail loans disbursed (LHS)
Q2 '10
Number of Retail Loans disbursed (RHS)
Retail Loans By Products

Q1 '09
RwF million, unless otherwise noted
Retail Client Balances & Deposits

Q1 '10 Q2 '10
Q2 '09
Q3 '09
Q4 '09
YE 2009
RwF 51,299 mln
1H 2010
RwF 27,364 mln
Term Deposits, 4,035 14.7% of retail client balances & deposits
Consumer Loans Overdrafts Micro loans Mortgage loans Micro loan overdrafts Gross RB Loans
5,668 1,809 141 9,795 2,540 19,953
4,519 663 42 7,036 985 13,245
4,491 723 27 7,327 488 13,056
6,103 1,661 116 11,563 2,627 22,070
6,610 1,763 104 10,655 2,965 22,097
5,891 1,772 29 8,387 736 16,815
Term Deposits, 11,592 Demand Deposits, 46,391 20.0% of retail client balances & deposits
Q1 '09 Consumer loans Overdrafts Micro loans Mortgage loans Micro loan overdrafts Total 28.4% 9.1% 0.7% 49.1% 12.7% 100.0%
Q2 '09 34.1% 5.0% 0.3% 53.1% 7.4% 100.0%
Q3 '09
Q4 '09
Q1 '10
Q2 '10 35.0% 10.5% 0.2% 49.9% 4.4% 100.0%
Demand Deposits, 23,329

85.3% of retail client balances & deposits
34.4% 27.7% 29.9% 5.5% 7.5% 8.0% 0.2% 0.5% 0.5% 56.1% 52.4% 48.2% 3.7% 11.9% 13.4% 100.0% 100.0% 100.0%
80.0% of retail client balances & deposits
October 2010
18
Q2 2010 Financial Highlights

Q2 2010 Millions, unless otherwise noted US$ RwF
2,943 2,243 5,186 2,554 2,632 1,360
174,901 89,151 125,838 154,151 20,750
Q1 2010
Q4 2009
Q2 2009
Q-o-Q Y-o-Y Change Change
US$
4.8 3.2 8.0 3.5 4.5 1.5
272.5 147.1 198.0 238.7 33.8
RwF
2,769 1,826 4,595 2,038 2,557 850
156,527 84,517 113,727 137,136 19,391
US$
4.4 2.5 6.9 2.8 4.1 2.3
265.0 134.5 190.6 232.6 32.3
RwF
2,542 1,420 3,962 1,620 2,342 1,296
151,896 77,096 109,282 133,356 18,540
US$
4.9 2.9 7.8 2.3 5.5 2.8
239.1 127.6 175.4 205.4 33.7
RwF
2,720 1,616 4,336 1,288 2,410 1,592
133,714 71,380 98,076 114,842 18,872
Net Interest Income Net Non-Interest Income Total Operating Income Total Recurring Operating Costs Profit Before Provisions Net Income
Total Assets Net Loans Client Balances & Deposits Total Liabilities Shareholders' Equity
5.0 3.8 8.8 4.3 4.5 2.3

297.6 151.7 214.1 262.3 35.3
6.3% 22.8% 12.9% 25.3% 2.9% 59.9%

11.7% 5.5% 10.6% 12.4% 7.0%
8.2% 38.8% 19.6% 98.3% 9.2% -14.6%

30.8% 24.9% 28.3% 34.2% 10.0%
RwF/US$ exchange rate, e-o-p
587.8
574.4
1H 2010 US$ 9.8 7.0 16.8 7.9 8.9 3.8
573.2
1H 2009 US$ 9.0 5.1 14.1 4.5 9.6 5.3
559.2
Y-o-Y RwFChange 5,048 13.2% 2,865 42.0% 7,913 23.6% 2,532 81.3% 5,381 -3.6% 2,974 -25.7%
Millions, unless otherwise noted Net Interest Income Net Non-Interest Income Total Operating Income Total Recurring Operating Costs Profit Before Provisions Net Income
Note: converted to US$ dollars for the convenience using end-of-period exchange rates
RwF 5,713 4,069 9,781 4,592 5,189 2,210
October 2010
19
Key Ratios Q2 2010

Q2 2010 Profitability Return on Average Assets Return on Average Equity Net Interest Margin , Annualised, % Loan Yield, Annualised,% Interest Expense/Interest Income, % Cost of Deposits, Annualised,% Liquidity Net Loans/Total Assets,% Interest Earning Assets/Total Assets,% Liquid Assets / Total Deposits Interbank Borrowings / Total Deposits Short term Liquidity Gap Gross Loans / Total Deposits Asset Quality NPLs / Gross Loans, % Provisions / NPLs Large Exposures / Gross Loans Cost of Risk, Annualised Leverage (Total Liabilities/Equity), Times Capital Adequacy Core Capital / Risk Weighted Assets Total Qualifying Capital / Risk Weigited Assets Off Balance Sheet Items / Total Qualifying Capital Large Exposures / Core Capital NPLs Provisions / Core Capital Market Senstivity Forex Exposure / Core Capital Forex Loans / Forex Deposits Forex Assets / Forex Libilities Selected Operating Data Full Time Employees Contractors Total Employees Assets per FTE (RwF) Number of Active Branches Number of ATMs Number of POS Terminals 3.3% 27.1% 8.2% 14.8% 21.8% 2.6% Q1 2010 2.2% 17.9% 8.2% 15.3% 27.4% 3.6% Q2 2009 10.6% 35.1% 10.1% 17.6% 23.4% 3.3%
51.0% 86.2% 47.3% 10.9% 16.0% 66.2%
54.0% 86.1% 43.6% 9.4% 14.0% 71.2%
53.4% 87.5% 43.2% 10.5% 16.3% 68.6%
9.8% 47.7% 13.1% 2.4% 7.4
7.8% 55.2% 12.4% 5.7% 7.1
11.6% 43.3% 12.6% 0.7% 6.1
16.4% 16.4% 429.0% 62.6% 22.7%
17.7% 17.7% 441.5% 58.5% 20.9%
16.7% 16.7% 419.4% 54.4% 28.9%
-2.8% 0.8% 98.4%
7.9% 1.0% 104.4%
12.4% 1.1% 107.0%
417 0 417 419,427 24 6 79
370 0 370 423,046 19 6 60
310 0 310 431,336 14 6 42
October 2010
20
Experienced & Dynamic Management

Individual James Gatera Title Managing Director Background/Experience James has led the bank for the last five years. During which time, he has grown the Banks PBT from RwF 3.797 million to 7.059 million (186%), total assets from RwF 70.472 million to RwF 151.896 million and Deposits from RwF 56.692 million to RwF 123.130 million (217%). Lawson has been with the Bank since 2009 and is a qualified accountant & chartered banker. Louis has been with the Bank for over 30 years and holds a Bachelors Degree in Economics. Flora is the Head of Human Resources & Administration Department. She has been with the Bank since 2008. Prior to joining the Bank, she worked in the telecommunications industry.
Lawson Naibo Louis Rugerinyange Flora Nsinga
Chief Operating Officer Chief Shared Services Officer Head of HR and Administration
Flora holds a Bachelors Degree in business administration with specialisation in Human Resources from Kigali Institute of Science, Technology & Management.
Frances Ihogoza Head of Corporate Affairs Frances has worked with the Bank for over one year. She has over ten years experience in management positions in Public Service with a Masters Degree in Public Administration. Martin has been with the Bank for since 2009 and has wide experience in credit analysis, relationship management & corporate banking. Adolphe has been with the Bank for over 10 years. He held various responsibilities in Retail and Commercial Banking. John has been with the Bank since 2009 and has vast experience in financial services as an audit manager with Deloitte and as a financial consultant in the UK. Innocent has worked with the bank since 2004 and vast experience in credit analysis and management gained from working in the Rwandan banking for over seven years. Alex is the Head of Information and Communication Technology and has been with the Bank since 2009. Prior to joining the Bank, Alex was head of applications Division G7 charged with management of all software and application in place at Rwanda Revenue Authority. Alex holds a Bachelors Degree in Technical Electromechanical Engineering with information technology option from the National University of Rwanda. Gerald Nyangezi Head of Internal Audit Gerald heads Internal Audit and Control Department. He joined the Bank in 2009 and has vast experience in Audit & Finance especially from the financial sector and telecommunication industry. Gerald holds a Bachelor of Commerce Degree from Makerere University Uganda, and Bachelor of Accounting Degree from Transki University Republic of South Africa. He is also a member of Certified Chartered Accountants UK (ACCA) and Institute of Certified Public Accountants Rwanda. Yves Gatsimbanyi Head of Risk & Compliance Yves is the Head of Risk & Compliance since early 2010. Yves has vast experience in the Rwanda financial sector, including 10 years as Bank examiner at the National Bank of Rwanda and later held the position of Internal Control & Compliance within the banking sector in Rwanda. He holds a Bachelors Degree in Economics from the National University of Rwanda.
Martin Mulisa
Head of Corporate Banking
Adolphe Ngunga John Bugunya
Head of Retail Banking Head of Finance & Budget
Innocent Musominari
Head of Credit
Alex Ngabonziza
Head of ICT
October 2010
21
Board Of Directors
Individual Lado Gurgenidze Title Chairman Background/Experience Lado Gurgenidze is a career banker who after a decade spent at several investment banks in Eastern Europe and London returned to his native Georgia in 2004 and spearheaded, as Executive Chairman and CEO, a turnaround of Bank of Georgia (LSE: BGEO). During Lados three-year tenure, the banks total assets and net income grew 760% and 1,563%, respectively. As its market share grew from 18% to 34%, Bank of Georgia became the leading universal bank in Georgia and the region with market capitalisation exceeding US$900 million at the time of Lados departure (up from US$30 million at the time of his arrival). Under Lados leadership Bank of Georgia received Euromoney Award for Excellene for three consecutive years (2005-2007) and the Bank of the Year Award by the Banker (2006-2007). In 2007-2008, Lado has served as Prime Minister of Georgia, leading the Georgian economy through the final stage of free-market reforms, including tax cuts, financial services sector reform as well as aggressive privatisation and liberalisation policies. Since he stepped down as Prime Minister, Lado has been a frequent public speaker on issues of economic liberty and free-market reforms in developing countries and co-chairs the Emory Centre for Alternative Investments. In October 2009, he was invited to join, as Chairman, the board of Bank of Kigali, the largest bank in Rwanda. In September 2009, Lado established, together with Dinu Patriciu, Liberty Investments, an investment company focusing on financial services institutions in frontier markets with low corruption, low taxes and open economies. In the same month, Liberty Investments announced the acquisition of a controlling equity interest in Liberty Bank, which has the largest client base in Georgia, serving some 1.2 million clients and a branch network of 183 branches. Since September 2009, under Lados guidance, Liberty Bank has grown total assets, net loans and client deposits by 55.5%, 66.7% and114.3%, respectively. He is a Georgian and British citizen and received his MBA from Goizuetta Business School of Emory University in 1993, following undergraduate studies at Middlebury College and Tbilisi State University. Lado is the only person to have been awarded St Georges Victory Order (in 2008) and the Presidential Order of Excellence (in 2010) the two highest civilian honours in Georgia. Apollo M. Nkunda Director Apollo is a practising lawyer, and a Partner with Trust Law Chambers. Apollo has over ten years experience in legal practice from both the public and private sector. He specialises in banking and finance law, labour law and government procurement. Apollo holds a Masters degree in Business and Trade law from Erasmus University Rotterdam, the Netherlands, and a Bachelors of Law from the National University of Rwanda. He is a member of the Rwanda Bar Association, the East African Law Society, an associate member of the Chartered Institute of Purchasing and Supply, a founding member of the Centre for Arbitration and honorary counsel to the Kigali Golf Club. Perrine Mukankusi Director Perrine is Economic Researcher in Prime Ministers Office with wide experience in planning, monitoring and evaluation. Perrine has held various responsibilities in Public service for over ten years, and was Director for Planning in the Ministry of Justice for over fine years. Perrine holds a Masters degree in Business Administration from the School of Finance and Banking, and a Bachelor of Commerce degree from Kigali Institute of Technology and Management. Alphosine Niyigena Director Alphonsine is chairperson of the Union Investments Corporation (UIC), vice chairperson of Liberal professionals Chamber, one of the nine chambers of the Rwanda Private Sector Federation. She serves as Board Member of Motor Guarantee Fund and Rwanda Institute of Administration and Management (RIAM). Alphonsine is the Managing Director of WorldWide Initiatives sarl, a regional consulting firm registered in Rwanda and has conducted national and international consultancies as an independent consultant in the areas of Finance, economic planning and audit. Prior to joining the private sector, Alphonsine served in the Office of Auditor General for 5 years as senior auditor and team leader. Alphonsine holds a Masters Degree in Business Administration majored in Finance from Maastricht University, Netherlands. Dativa Mukeshimana Director Dativa is the Executive Secretary for Duterimbere Asbl, which is a Women Entrepreneurial Association in Rwanda. Dativa has vast experience with programme management and financing of NGOs, and gender related programmes. Dativa holds a Bachelors degree in Economics, majored in money and banking from Kigali Independent University. Sudadi S. Kayitana Director Sudadi is a qualified and practicing professional accountant with technical experience in Insurance industry. He has wide finance and audit experience especially in the Insurance Industry, and the international community organisations including UNDP. He is an affiliate of the Association of Certified Chartered Accountants (ACCA), qualified professional of supply chain management specialising in Internal Purchasing and is a member of Institute of Purchasing and supply (MCIPS). He also holds an Associate degree in Economics from the National University of Rwanda. Marc Holzman Director Marc is Vice Chairman of Barclays Capital. He has considerable international experience in areas of finance and investment, socio economic development and is widely recognised as a leading authority on economic and political developments in emerging markets. Marc also serves as President of The University of Denver with approximately 10,000 students and as Colorados first Secretary of Technology. Marc draws on almost three decades of political and public service in The United States. He holds a Bachelor of Arts Degree in Economics from Lehigh University. Caleb is Deputy Accountant General-Treasury Management in MINECOFIN. He has extensive experience in the area of Accounting and Finance and has served in the Ministry of Finance and Economic Planning since 2005 in various capacities. Prior to that, Caleb was Chief Accountant in the Office of the President. He holds a Master of Arts Degree in Management and Finance from Southampton Solent, Southampton University (UK) and Bachelor of Business Administration in Accounting from Nkumba University, Uganda.
Caleb Rwamuganza
Director
October 2010
22
Rwandan Economy & Banking Sector
Country Profile
Area Population Official Language Capital Currency (code) Nominal GDP (2009E) Nominal GDP Per Capita (2009E) GDP (2009E) PPP (2009E) GDP Per Capita (2009E) PPP Real GDP Growth Rate 2009E Inflation Rate (e-o-p) 2009E Inflation Rate (average) 2009E FitchRatings Issuer Default Rating 26,338 sq km 10,746,311 Kinyarwanda (official), French (official), English (official) Kigali Rwandan Franc (RwF) US$5.2 billion US$536 US$11.3 billion US$1,150 4.1% 5.7% 10.4% B/Stable
Source: International Monetary Fund, CIA World Factbook
October 2010
24
Rwandan Economy Highlights

Gross Domestic Product
US$ billion
6.0 5.0 4.0 9.2% 3.0 2.0 3.1 1.0 7.7% 4.7 3.7 6.0% 6.0% 4.0% 2.0% 5.2 8.0% 11.6% 14.0% 12.0% 10.0%
GDP Per Capita

US$
1,400 1,200 1,000 800 600 400 200 333 392 517 942 1,002 1,114
1,150
477
2006 2007 2008 2009
0.0%
2006 2007 2008 2009
Nominal GDP (LHS)
Real GDP Growth Rate (RHS)
Nominal GDP Per Capita
GDP Per Capita (PPP)
GDP Composition
YE 2006 YE 2009
US$
25.0% 20.0%
Other, 18.3% Other, 21.0% Education, 4.4%
Public Administration, 5.0%
Inflation
22.3%
15.4% 15.0%
Agriculture, 33.8% Education, 4.7% Public Administration, 4.3% Finance, Insurance, 2.1% Transport & Communication, 7.5% Wholsesale & Retail Trade, 13.0% Manufacturing, 6.4% Construction, 7.3% Agriculture, 38.4%
12.1% 10.0% 8.9% 5.0% 9.1% 10.3%
Finance, Insurance, 2.9%
6.6%
5.7%
Transport & Communication, Wholsesale & 6.8% Retail Trade, 11.2%
0.0%
2006 2007 2008 2009
Construction, 6.1%
Manufacturing, 6.8%
Inflation (e-o-p)
Inflation (period average)
Source: National Institute of Statistics of Rwanda; International Monetary Fund
October 2010
25
Rwandan Banking Sector

Timeline Of Foreign Investment
2004
2005
2006
2007
2008
2009
October 2010
26
Rwandan Banking Sector Highlights

RwF mln, unless otherwise noted
Banking Sector Assets 2006 360,762 2007 468,735 2008 516,158 2009 579,520 1H 2010 627,175
Banking Sector Assets As % Of GDP

Banking Sector Loans
21.0%
177,091
22.9%
218,384
20.1%
295,870
19.6%
287,998
n.a.
305,315
Banking Sector Loans As % Of GDP

Banking Sector Deposits
10.3%
279,715
10.7%
365,379
11.5%
381,926
9.7%
422,958
n.a.
462,299
Banking Sector Deposits As % Of GDP

Banking Sector Equity
16.3%
34,244
17.8%
51,311
14.9%
71,322
14.3%
69,256
n.a.
81,092
Banking Sector Equity As % Of GDP

Banking Sector ROA, % Banking Sector ROE, %
2.0%
1.7% 18.4%
2.5%
1.9% 16.9%
2.8%
2.0% 14.7%
2.3%
1.3% 10.5%
n.a.
2.6% 20.1%
Banking Sector Assets & ROA

RwF mln
700,000 600,000 500,000 400,000 1.5% 3.0% 2.5%
Banking Sector Equity & ROE

RwF mln
90,000 80,000 70,000 25.0%
20.0%
15.0%
2.0%
60,000
50,000 40,000 30,000 20,000 5.0% 0.0% 2006 2007 2008 2009 1H 2010
300,000
200,000 100,000 0 2006 2007 2008 2009 1H 2010 1.0%
10.0%
0.5%
0.0%
10,000
0
Banking Sector Assets (LHS)
Banking Sector ROA, % (RHS)
Banking Sector Equity (LHS)
Banking Sectpr ROE, % (RHS)
Source: International Monetary Fund, National Bank of Rwanda
October 2010
27
Rwandan Banking Sector Highlights Contd

8 licensed commercial banks
Rank Total Assets Loans Deposits Equity
28%
29%
27%
26%
2 BCR
20%
24%
21%
19%
14%
BCR
10%
BCR
15%
12%
9%
10%
10%
10%
9%
COGEBANK
9%
9%
10%
6 COGEBANK
8%
8%
7%
ACCESS
8%
8%
ACCESS
7%
COGEBANK
7%
8%
8
Source: National Bank of Rwanda
4%
KCB
3%
4%
KCB
7%
October 2010
28

Market Share By Total Assets, June 2010
+14%
30.0% 26.6% 26.3% 25.0% 27.8%
+13%
+1%
-5%
+1%
+14%
+1%
+61%
Growth, YTD June '10
20.0%
19.0% 18.9%
19.7%
15.3%
15.0% 13.7%
14.2% 10.7%
11.3%
10.0%
9.4%
9.3% 9.7%
8.6%
8.0% 8.1% 8.4%
8.3% 8.3%
7.7%
5.0%
2.8%
3.7% 4.1%
YE 2009 Mar-10
0.0% Bank of Kigali UBPR BCR Ecobank Access Cogbank FINA KCB
Jun-10
Market Share By Loans, June 2010

35.0%
+16%
+5%
-10%
+6%
-15%
+8%
+2%
+148%
30.0% 26.8% 25.0%
28.6%
29.2%
23.8% 23.2%
23.5%
20.0%
15.0%
11.7%
10.0%
10.9%
9.9%
10.1% 10.2% 10.1%
9.0% 7.9% 7.2%
8.5% 8.0% 8.7%
8.8% 8.3% 8.4%
5.0%
3.0% 3.1% 1.3%
YE 2009 Mar-10
Jun-10
0.0% Bank of Kigali UBPR BCR Ecobank Access Cogbank FINA KCB
October 2010
29

Market Share By Total Deposits, June 2010
+15%
30.0%
+12%
+5%
-4%
+4%
+8%
-5%
+147%
26.9% 25.7% 25.0%

20.3% 19.8% 20.6%
25.9%
20.0%
15.3% 15.0% 14.0%
14.6% 11.4% 10.6% 10.4% 10.3% 9.4% 9.8% 7.5% 7.5% 7.4%
8.4% 8.0% 7.3%
10.0%
5.0% 2.9% 1.8% 0.0% Bank of Kigali UBPR BCR Ecobank Access Cogbank FINA KCB
4.1%
YE 2009 Mar-10
Jun-10
Market Share By Equity, June 2010

+12%
30.0%
+5%
+11%
-9%
+6%
+2%
+2%
+18%
24.9% 25.6% 25.0% 24.3%
20.0%
19.4%
19.0% 19.2%
15.0%
11.7%
11.9% 12.2%
12.2%
11.3%
10.5%
10.3% 10.2% 10.0%
10.0% 6.7% 5.7% 5.0% 6.7%
8.5% 8.4% 8.2% 6.9%
8.6% 7.7%
YE 2009 Mar-10 0.0% Bank of Kigali UBPR BCR Ecobank Access Cogbank FINA KCB Jun-10
October 2010
30
Contact Details
Lado Gurgenidze Chairman of the Board of Directors lg@libertycapital.ge
James Gatera Managing Director +225 252 593 121 jgatera@bk.rw
Lawson Naibo Chief Operating Officer +225 788 302 076 lnaibo@bk.rw Frances Ihogoza Head of Corporate Affairs Company Secretary +250 252 593 100 fihogoza@bk.rw
October 2010
31
Caution Regarding Forward-Looking Statements

This presentation contains statements that constitute forward-looking statements, including, but not limited to, statements relating to the implementation of strategic initiatives and other statements relating to our business development and financial performance. While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, (1) general market, macroeconomic, governmental, legislative and regulatory trends, (2) movements in local and international currency exchange rates, interest rates and securities markets, (3) competitive pressures, (4) technological developments, (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties and developments in the markets in which they operate, (6) management changes and changes to our group structure and (7) other key factors that we have indicated could adversely affect our business and financial performance, which are contained elsewhere in this presentation and in our past and future filings and reports, including those filed with the National Bank of Rwanda. We are under no obligation (and expressly disclaim any such obligations to) update or alter our forwardlooking statements whether as a result of new information, future events, or otherwise. Performance indicators are derived from our audited financial statements.
October 2010
32
Bank of Kigali Announces Q2 2010 Results
October 2010
33
Bank of Kigali Announces Q2 2010 Results Contd
October 2010
34
October 2010
35
October 2010
36
October 2010
37
October 2010
38
October 2010
39
October 2010
40
October 2010
41
Bank of Kigali Announces Q1 2010 Results
October 2010
42
October 2010
43
October 2010
44
October 2010
45
October 2010
46
October 2010
47
October 2010
48

Bank of Kigali 1H 2010 Results Update

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BANQUE DE KIGALI S.A.

Your trusted partner in wealth creation

Bank Of Kigali 1H 2010 Results Review

About Bank of Kigali

The Leading Bank In Rwanda

Total Assets Net Loans Client Deposits & Balances Equity

YE 2009 265.0 134.5 190.6 32.3

Market Share Evolution

Growing Faster Than The Banking Sector

Total Assets Gross Loans Total Deposits Shareholders Equity

Bank of Kigali 1H 2010 Results Overview

Banking Sector Potential

High Barriers To Entry

Universal Banking Strategy Driving Profitable Growth

Transparency And Good Governance

Sound and Balanced Business Model

Bank of Kigali 1H 2010 Results Overview

Bank of Kigali Key Figures

297.6 151.7 214.1 262.3 35.3

RwF/US$ exchange rate (e-o-p)

Bank of Kigali 1H 2010 Results Overview

Bank of Kigali Development Milestones

Number of WesternTrained Professionals Key Business Lines

EIB Euro 5 million loan facility

EIB Euro 5 million loan facility

Discussions with several IFIs underway

Note: growth rates based on RwF values

Bank of Kigali 1H 2010 Results Overview

Bank of Kigali Branch Network

2006 Number of branches 9

Bank of Kigali 1H 2010 Results Overview

1H 2010 Financial Highlights

100,000 80,000 60,000 40,000

30-Jun-09 30-Sep-09 YE 2009 31-Mar-10

Total Assets (LHS)

Market Share By Total assets (RHS)

Net loans (LHS)

Market Share By Net Loans (RHS)

120,000 100,000 80,000 60,000 40,000 20,000 -

26.0% 25.6% 25.5%

30-Jun-09 30-Sep-09 YE 2009 31-Mar-10 30-Jun-10

Client Deposits (LHS)

Market Share By Total Deposits (RHS)

Shareholders Equity (LHS)

Market Share By Shareholders' Equity (RHS)

Bank of Kigali 1H 2010 Results Overview

1H 2010 Financial Highlights Contd

Client Balances & Deposits

Bank of Kigali 1H 2010 Results Overview

1H 2010 Financial Highlights Contd

Composition of Total Liabilities, RwF mln

5,747 6,431 84,517

YE 2009 Net Loans

31-Mar-10 Fixed Assets

30-Jun-10 Other Assets

Cash & Equivalents

Composition of Total Assets, %

Composition of Total Liabilities, %

2.4% 4.2% 50.8%

3.7% 4.1% 54.0%

4.9% 4.0% 51.0%

30.0% 20.0% 10.0% 85.5%