Kigali, 30 August 2012

Bank of Kigali Announces 1H 2012 and Q2 2012 Reviewed Results

1H 2012 US$ (mln) 28.2 14.6 13.6 9.8 RwF (bn) 17.3 8.9 8.3 6.0 Change Y-o-Y 27.9% 35.2% 20.9% 54.5% Change YTD 8.7% 15.8% 15.8% 10.3% 2.7%

Total Operating Income (Revenue) Total Operating Costs Profit Before Provisions Net Income (Loss)

Total Assets Net Loans Client Balances & Deposits Total Liabilities Shareholders' Equity

As at 30 June 2012 US$ (mln) RwF (bn) 510.8 312.8 232.9 142.6 342.4 209.7 407.5 249.6 103.3 63.3 Q2 2012 US$ (mln) 14.0 8.2 5.8 4.5 Q2 2012 45.6% 68.0% 94.8 3.7% 17.7% 18.0

Q-o-Q 3.2% 7.7% 3.0% 4.8% (2.4%) Change Q-o-Q (1.4%) 29.5% (26.4%) (14.7%) YE2011 42.8% 68.0% 92.3 3.6% 18.6% 15.6

Y-o-Y 26.9% 28.1% 19.1% 17.9% 82.0%

Total Operating Income (Revenue) Total Operating Costs Profit Before Provisions Net Income (Loss)

RwF (bn) 8.6 5.0 3.5 2.8 Q1 2012 43.7% 65.0% 97.1 4.4% 20.5% 19.4

Y-o-Y 20.4% 42.8% (1.5%) 40.1% Q2 2011 45.2% 63.2% 69.4 3.6% 23.7% 15.5

Net Loans/Total Assets Net Loans/Client Deposits Basic Book Value per share (Rwf) ROAA, annualised ROAE, annualised Basic EPS, annualised (Rwf)

The following exchange rates have been used for the translation of the Bank's financial statements 30-Jun-12 30-Mar-12 31-Dec-11 Rwf/US$ Period End Exchange Rates 612.4 607.1 604.4

30-Jun-11 601.9

*Y-o-Y and Q-o-Q growth calculations are based on Rwanda Francs values. US$ values have been derived from period-end RwF/US$ exchange rates. Half year and quarterly numbers in this press release are reviewed numbers in accordance with Instruction Number 12/2000 of 14 September 2000 issued by the National Bank of Rwanda.

About Bank of Kigali Limited

Established in 1966, Bank of Kigali is the largest bank in Rwanda by total assets, with a 32% market share as of 30 June 2012. The Bank has 56 branches in Rwanda and provides retail and commercial banking services to over 100,000 individuals and over 13,000 legal entities. In 2011, the Bank became the second domestic company to be listed on the Rwanda Stock Exchange. Since 2009, the Bank has been recognized for three years running as the Best Bank in Rwanda by Emeafinance and Bank of the Year by The Banker. In 2011 it was also recognized as the Company of the Year by the Kenya Institute of Management Rwanda. In 2012, it was further bestowed with the Best East African Bank Award by the African Banker magazine. For further information, please visit www.bk.rw or contact: Lado Gurgenidze Chairman of the Board
Tel: +995 599 477 272 Fax: +995 532 25 22 61 Email: lgurgenidze@bk.rw

James Gatera Chief Executive Officer

Tel: +250 252 593 100 / +250 252 593 200 Fax: +250 252 575 504 / +250 252 573 461 Email: jgatera@bk.rw SWIFT: BKIGRWRW Company Code/ TIN n 100003458 P.O Box 175. Plot 6112, Avenue de la Paix, Kigali-Rwanda.

Shivon Byamukama Company Secretary/Head of Corporate Affairs

Tel: +250 252 593 100 /+250 252 593 200 Fax: +250 252 575 504 / +250 252 573 461 Email: sbyamukama@bk.rw SWIFT: BKIGRWRW Company Code/ TIN n 100003458 P.O Box 175. Plot 6112, Avenue de la Paix, Kigali-Rwanda.

Linda Rusagara Investor Relations Officer

Tel: +250 252 593 100 / +250 252 593 200 Fax: +250 252 575 504 / +250 252 573 461 Email: lrusagara@bk.rw SWIFT: BKIGRWRW Company Code/ TIN n 100003458 P.O Box 175. Plot 6112, Avenue de la Paix, Kigali-Rwanda.

Bank of Kigali (the Bank), the leading bank in Rwanda, announced today its IFRS-based results, reporting Net Income of RwF 6.0 billion (US$9.8 million) for the first half in 2012, an increase of 54.5% y-o-y. Total Assets grew by 3.2% q-o-q and 26.9% y-o-y (8.7% YTD) to RwF 312.8 billion (US$ 510.8 million) as at 30 June 2012 Net Loans rose by 7.7% q-o-q and 28.1% y-o-y (15.8% YTD) to RwF 142.6 billion (US$ 232.9 million) as at 30 June 2012 Client Balances & Deposits increased by 3.0% q-o-q and 19.1% y-o-y (15.8% YTD) to RwF 209.7 billion (US$ 342.4 million) as at 30 June 2012 Shareholders Equity decreased by 2.4% q-o-q, due to the dividend distribution for the year ended 2011, and 82.0% y-o-y (2.7% YTD) to RwF 63.3 billion (US$ 103.3 million) as at 30 June 2012 Bank of Kigali Market Share* Dynamics
%

45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Total Assets
26.4% 32.3% 31.6% 27.4%

2009

2010

2011

1H 2012
41.9% 38.3% 32.2%

31.5% 29.4% 26.8% 27.0%

25.8% 25.9%

28.2% 28.5%

26.7%

Net Loans

Customer Deposits

Shareholders' Equity

Bank of Kigali Growth vs. Rwandan Banking Sector Growth in 1H 2012 and 2011
30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0%

26.2%

50% 40%

45.6% 33.4% 23.8%

29.9%

15.8% 10.9% 8.7%

15.8%

14.6%

30% 20% 10% 0%

23.0%

21.4%

Total Assets

Net Loans

Bank of Kigali Growth 1H 2012 Rwandan Banking Sector Growth 1H 2012

Customer Deposits

Total Assets

Net Loan Book Client Deposits

Bank of Kigali Growth in 2011 The Rwandan Banking Sector Growth in 2011

*Market Share calculations are based on unaudited 1H 2012 banking industry figures

1H 2012 Financial Highlights

Net Interest Income grew by 32.4% y-o-y to Rwf 10.3 billion, driven by an increase in the loan book. Net Interest Margin slightly decreased to 8.3% in 1H 2012 from 8.5% in 1H 2011. Net Fee & Commission Income amounted to Rwf 2.8 billion, up 57.4% y-o-y, while the Net Fee & Commission Income to Total Operating Income (Revenue) ratio improved to 16.1% in 1H 2012 as compared to 13.6% in 1H 2011. Total Operating Income in 1H 2012 reached Rwf 17.3 billion, up 27.9% y-o-y. Total Operating Costs increased by 35.2% y-o-y to Rwf 8.9 billion, resulting in an increase in the Cost/Income Ratio to 51.7% in 1H 2012 as compared to 43.2% in 1H 2011. The Bank reported Net Operating Income of Rwf 6.0 billion in 1H 2012, up 54.5% y-o-y.

Annualised ROAA reached 4.0% in 1H 2012, whereas annualised ROAE reached 19.3% in 1H 2012. As at 30 June 2012, the Banks Total Assets stood at Rwf 312.8 billion, up 3.2% q-o-q and 26.9% y-o-y (up 8.7% YTD). Liquid Assets divided by Total Assets stood at 42.9% as at 30 June 2012, down from 46.5% as at 31 March 2012 and down from 43.5% as at 30 June 2011. Gross Loans grew by 8.3% q-o-q and 28.7% y-o-y to Rwf 149.2 billion, driven primarily by an increase in retail lending (rising by 14.2% YTD). Net Loans increased by 7.7% q-o-q and 28.1% y-o-y to Rwf 142.6 billion (up 15.8% YTD) as at 30 June 2012. Net Loans/Total Assets ratio increased to 45.6% as at 30 June 2012 from 43.7% as at 31 March 2012 and 45.2% as at 30 June 2011. NPL ratio increased slightly to 6.5% in 1H 2012, from 6.1% in Q1 2012 and down from 7.5% in 1H 2011. Client Balances & Deposits reached Rwf 209.7 billion, recording an increase of 15.8% q-o-q and 19.1% y-o-y (up 15.8% YTD) while Shareholders Equity equalled Rwf 63.3 billion, down 2.4% q-o-q and up 82.0% y-o-y (up 2.7% YTD) as at 30 June 2012. Q2 2012 Financial Highlights
Net Interest Income increased by 25.4% y-o-y, 1.3% q-o-q to Rwf 5.2 billion, driven by an increase in the loan book. Net Interest Margin was higher at 8.3% in Q2 2012 from 8.2% in Q1 2012 and down from 9.0% in Q2 2011. Net Fee & Commission Income amounted to Rwf 1.4 billion, up 5.7% q-o-q and 44.7% y-o-y. This improved the Net Fee & Commission Income to Total Operating Income ratio to 16.7%, higher than 13.9% recorded in Q2 2011 as the Bank continued to increase its transactional income. Total Operating Income was recorded at Rwf 8.6 billion in Q2 2012, up 20.4% y-o-y. Total Operating Costs increased by 29.5% q-o-q and 42.8% y-o-y to reach Rwf 5.0 billion, as a result of our branch and ATM rollout and the increase in the employee headcount. Cost/Income Ratio rose to 58.7% in Q2 2012 from 44.7% in Q1 2012 and 49.5% in Q2 2011. The Bank reported quarterly Net Operating Income of Rwf 2.8 billion in Q2 2012, up 40.1% y-o-y.

Business Highlights The Bank opened nine new branches in the quarter ending 30 June 2012, therefore reaching our target of 12 branches for the year 2012. Launched our mPay product which enables our clients to pay for goods using their mobile phones in supermarkets, pharmacies, general shops and other merchants. The Bank rolled out 13 ATMs and began the upgrade of the ATM infrastructure to accept deposits Over 19,000 retail current accounts were opened during the quarter as well as more than 900 corporate current accounts. Retail deposits grew by 10.3% q-o-q and 19.9% YTD reaching RwF 61.7 billion, while Corporate deposits grew slightly by 0.2% q-o-q and 14.2% YTD totalling RwF 148.0 billion Our retail gross loan book increased by 17.5% q-o-q and 37.7% YTD while the corporate gross loan book increased slightly by 4.5% q-o-q, up 5.8% YTD reaching over Rwf 102 billion at the end of Q2 2012.

We are pleased with the Banks year to date performance as well as the performance this quarter. We were able to launch a total of 12 branches by the end of June 2012 and deploy deposit taking ATMs which enable customers to deposit money on their account on real time basis without using envelopes; the deployment of this technology is the 1st in Africa, outside South Africa. In the quarter, the Bank also entered into partnership with MTN and Tigo to provide their mobile money services in all our branches. In addition, our mobile bill payment platform, mPay, was brought to the market and, in another 1st for Bank of Kigali, we launched our VISA Gold credit cards and VISA prepaid cards. In the next half of the year, we will continue to expand our retail product offering and we expect the strong

performance and balance sheet growth to continue. commented James Gatera, Chief Executive Officer. Q2 Performance Highlights
Total Operating Income
Rwf bn 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Q3 -2010 Q4 -2010 Q1 -2011 Q2 -2011 Q3 -2011 Q4 -2011 Q1 -2012 Q2 -2012 50.0 0.0 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 5.2 6.2 6.4 7.8 7.1 8.2 8.7 8.6 Rwf bn 350.0 300.0 250.0 200.0 150.0 100.0 197.7 173.5 246.5 211.1

Total Assets

80.2%
273.8 287.9

303.0

312.8

Total Operating Costs

Rwf bn 6.0 5.0 5.0 4.0 3.0 3.0 2.0 50.00 1.0 0.0 Q3 -2010 Q4 -2010 Q1 -2011 Q2 -2011 Q3 -2011 Q42011 Q1 -2012 Q22012 1 0.00 2.6 3.1 100.00 3.5 4.2 3.5 3.9 150.00 126.3 Rwf bn 250.00 200.00

Client Balances & Deposits

66.1%
203.7 176.1 135.7 147.7 173.0 181.0

209.7

Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012

Net Income
Rwf bn 3.5 3.0 2.5 2.0 1.5 60.0 1.0 0.5 0.0 Q3 -2010 Q42010 Q1 -2011 Q22011 Q3 -2011 Q42011 Q1 -2012 Q22012 40.0 20.0 0.0 Q3-2010 Q4-2010 Q1-2011 1.9 2.1 1.9 2.9 3.2 2.8 Rwf bn 160.0 140.0 120.0 2.0 1.9 100.0 80.0 93.0 101.4 104.9

Net Loans

53.4%
125.3 111.3 132.4 123.1

142.6

Q2-2011

Q3-2011

Q4 -2011

Q1 -2012

Q2-2012

Income Statement For the first half ending 30 June 2012

1H 2012
RwF (Bn) US$ (Mln)

1H 2011
RwF (Bn) US$ (Mln)

Growth,
Y-o-Y

RwF/Euro Exchange Rate, e-o-p RwF/US$ Exchange Rate, e-o-p Interest Income Interest Expense Net Interest Income Net Fee & Commission Income Net Income From Documentary Operations FX Trading Income Other Non-interest Income Net Non-Interest Income Total Operating Income Directors' Remuneration Staff Costs Bonuses (Paid & Accrued) Other Operating Expenses Depreciation & Amortisation Total Operating Costs Profit Before Provisions Loan Loss Provisions Gains on recovery Net Provisions Profit Before Tax Accrued Or Paid Income Tax Net Income (Loss)

759.6 612.4 13.6 3.4 10.3 2.8 0.2 3.6 0.5 7.0 17.3 0.1 3.4 1.4 2.8 1.3 8.9 8.3 3.7 3.0 0.7 7.7 1.6 6.0 22.3 5.5 16.7 4.5 0.3 5.8 0.7 11.4 28.2 0.2 5.5 2.2 4.5 2.1 14.6 13.6 6.0 4.9 1.1 12.5 2.7 9.8

867.3 601.9 10.3 2.5 7.7 1.8 0.1 3.4 0.5 5.7 13.5 0.2 2.5 1.0 2.1 0.9 6.6 6.9 2.8 1.7 1.1 5.7 1.9 3.9 17.1 4.2 12.9 2.9 0.2 5.7 0.8 9.5 22.4 0.3 4.1 1.6 3.4 1.6 11.0 11.4 4.7 2.8 1.9 9.5 3.1 6.5 32.7% 33.6% 32.4% 57.4% 91.4% 4.4% (0.1%) 21.8% 27.9% (7.9%) 35.9% 39.1% 35.3% 36.0% 35.2% 20.9% 30.3% 78.3% (40.4%) 33.2% (11.6%) 54.5%

Notes: (1) Growth calculations are based on RwF values

Income Statement For the Quarter Ending 30 June 2012

Q2 2012

Q1 2012

Q2 2011

Growth,
Q-o-Q

Growth,
Y-o-Y

RwF (Bn) US$ (Mln) RwF (Bn) US$ (Mln) RwF (Bn) US$ (Mln)

RwF/Euro Exchange Rate, e-o-p RwF/US$ Exchange Rate, e-o-p Interest Income Interest Expense Net Interest Income Net Fee & Commission Income Net Income From Documentary Operations FX Trading Income Other Non-interest Income Net Non-Interest Income Total Operating Income Directors' Remuneration Staff Costs Bonuses (Paid & Accrued) Other Operating Expenses Depreciation & Amortisation Total Operating Costs Profit Before Provisions Loan Loss Provisions Gains on recovery Net Provisions Profit Before Tax Income Tax Net Income (Loss)

759.6 612.4 6.9 1.7 5.2 1.4 0.1 1.7 0.2 3.4 8.6 0.1 1.7 0.9 1.6 0.7 5.0 3.5 1.2 1.3 (0.1) 3.6 0.8 2.8 11.3 2.8 8.4 2.3 0.1 2.8 0.3 5.6 14.0 0.1 2.8 1.5 2.6 1.2 8.2 5.8 2.0 2.1 (0.1) 5.9 1.4 4.5

805.5 607.1 6.7 1.6 5.1 1.4 0.1 1.9 0.2 3.6 8.7 0.1 1.6 0.5 1.2 0.5 3.9 4.8 2.5 1.7 0.7 4.1 0.8 3.2 11.1 2.7 8.4 2.2 0.2 3.1 0.4 5.9 14.3 0.1 2.7 0.8 2.0 0.9 6.4 7.9 4.0 2.8 1.2 6.7 1.3 5.3

867.3 601.9 5.5 1.4 4.1 1.0 0.1 1.7 0.2 3.0 7.1 0.1 1.3 0.5 1.2 0.5 3.5 3.6 1.7 1.0 0.7 2.9 0.9 2.0 9.1 2.3 6.8 1.6 0.1 2.9 0.4 5.0 11.8 0.2 2.1 0.8 1.9 0.8 5.9 6.0 2.8 1.6 1.1 4.8 1.5 3.3 2.2% 5.0% 1.3% 5.7% (39.1%) (9.9%) (12.6%) (5.2%) (1.4%) (1.9%) 7.1% 95.8% 31.1% 42.4% 29.5% 25.3% 24.8% 25.4% 44.7% 26.3% (1.5%) (9.4%) 13.6% 20.4% (27.0%) 36.1% 84.2% 34.9% 52.0% 42.8%

(26.4%) (1.5%) (50.0%) (26.5%) (24.7%) 30.4% (108.3%) (109.0%) (11.3%) 23.7% 2.3% (14.7%) (11.1%) 40.1%

Notes: (1) Growth calculations are based on RwF values (2) US$ values have been derived from period end RwF/US$ exchange rates set out on page 1 of this press release

Statement of Financial Position As at 30 June 2012

Q2 2012 Bn Mln RwF US$ 7.2 11.8 17.2 10.5 16.0 26.1 60.9 99.4 39.5 64.6 149.2 243.6 6.6 10.8 142.6 232.9 0.2 0.4 21.3 34.8 0.1 0.2 14.3 23.4 312.8 510.8 18.6 209.7 4.9 0.0 16.3 249.6 6.7 38.2 7.6 10.9 63.3 312.8 30.4 342.4 8.0 0.1 26.6 407.5 10.9 62.3 12.3 17.7 103.3 510.8 Q1 2012 Bn Mln RwF US$ 7.4 12.1 4.3 7.1 57.4 94.5 56.4 92.8 15.5 25.5 137.8 227.0 5.4 8.9 132.4 218.1 0.2 0.4 20.1 33.1 0.1 0.2 9.3 15.3 303.0 499.2 17.1 203.7 5.1 12.3 238.2 6.7 38.1 7.7 12.4 64.8 303.0 28.2 335.5 8.4 20.3 392.4 11.0 62.7 12.6 20.5 106.8 499.2 YE 2011 Bn Mln RwF US$ 8.1 13.4 8.8 14.6 52.0 86.0 52.8 87.4 8.2 13.6 130.7 216.2 7.5 12.5 123.1 203.7 0.2 0.4 19.6 32.4 0.1 0.2 14.9 24.7 287.9 476.3 19.1 181.0 5.0 21.2 226.3 6.7 37.9 7.8 9.2 61.6 287.9 31.6 299.5 8.3 35.1 374.4 11.0 62.8 12.8 15.2 101.9 476.3 Q2 2011 Bn Mln RwF US$ 9.2 15.2 5.7 9.5 44.6 74.0 41.2 68.4 6.7 11.1 115.9 192.6 4.6 7.7 111.3 184.9 0.3 0.4 19.0 31.5 0.2 0.3 8.5 14.1 246.5 409.5 16.9 176.1 1.9 16.9 211.7 5.0 18.9 7.0 3.9 34.8 246.5 28.0 292.6 3.1 28.0 351.7 8.3 31.4 11.6 6.5 57.7 409.5 Change Q-o-Q (1.8%) 144.2% (72.1%) 8.1% 155.1% 8.3% 21.9% 7.7% 0.0% 6.1% (5.1%) 54.5% 3.2% 9.0% 3.0% (3.8%) 0.0% 31.9% 4.8% 0.0% 0.3% (1.3%) (12.7%) (2.4%) 3.2% Change YTD (10.9%) 19.5% (69.2%) 15.3% 382.7% 14.2% (12.4%) 15.8% 0.0% 9.0% (4.5%) (4.0%) 8.7% (2.3%) 15.8% (2.2%) 0.0% (23.2%) 10.3% 0.0% 0.5% (2.6%) 18.1% 2.7% 8.7% Y-o-Y Y-o-Y (21.0%) 84.6% (64.1%) 48.0% 491.8% 28.7% 43.1% 28.1% (18.6%) 12.4% (14.7%) 68.4% 26.9% 10.6% 19.1% 162.3% 0.0% (3.4%) 17.9% 33.3% 101.9% 8.4% 179.4% 82.0% 26.9%

Cash Balances With BNR Cash Balances With Banks Treasuries Other Fixed Income Instruments Gross Loans Loan Loss Reserve Net Loans To Clients Net Investments Net Property, Plant & Equipment Intangible Assets Net Other Assets Total Assets Interbank Deposits Client Balances & Deposits Borrowed Funds Payable Interest & Dividends Other Liabilities Total Liabilities Ordinary Shares Reserves Revaluation Reserve Retained Earnings Shareholder's Equity Total liabilities & Shareholders' Equity

Notes: (1) Growth calculations are based on RwF values (2) US$ values have been derived from period-end RwF/US$ exchange rates set out on page 1 of this press release

Key Performance Ratios

Quarterly and half-yearly ratios are annualised, where applicable 1H 2012 1H 2011 Profitability Return on Average Assets, % 4.0% 3.5% Return on Average Equity, % 19.3% 23.4% Net Interest Margin , % 8.3% 8.5% Loan Yield, % 16.1% 16.8% Interest Expense/Interest Income,% 24.8% 24.6% Cost of Funds, % 2.5% 2.5% Q2 2012 3.7% 17.7% 8.3% 16.3% 25.1% 2.6% Q1 2012 4.4% 20.5% 8.2% 16.4% 24.5% 2.5% Q2 2011 3.6% 23.7% 9.0% 17.0% 25.2% 2.7% YE 2011 3.6% 18.6% 8.4% 16.9% 26.8% 3.1% YE 2010 3.5% 24.5% 8.3% 15.8% 25.6% 2.8%

Efficiency Cost/Income Ratio Costs/Average Assets, % Personnel Costs/Total Recurring Operating Costs Personnel Costs/Average Total Assets, Annualised Personnel Costs/Total Operating Income Net Income/Total Operating Income

51.7% 3.0% 54.6% 3.2% 28.2% 34.8%

48.9% 3.0% 54.7% 3.3% 26.8% 28.8%

58.7% 6.7% 53.8% 3.6% 31.6% 32.3%

44.7% 5.3% 55.6% 2.9% 24.9% 37.4%

49.5% 6.3% 52.9% 3.4% 26.2% 27.8%

48.4% 5.9% 51.8% 2.9% 25.1% 29.5%

47.5% 5.8% 52.3% 3.0% 25.0% 29.2%

Liquidity Net Loans/Total Assets,% Liquid Assets / Total Deposits Interbank Borrowings / Total Deposits Short-term Liquidity Gap Gross Loans / Total Deposits

45.6% 58.8% 8.2% 58.2% 65.3%

45.2% 55.6% 8.7% 25.0% 60.1%

45.6% 58.8% 8.2% 58.2% 65.3%

43.7% 63.8% 7.8% 47.4% 62.4%

45.2% 55.6% 8.7% 25.0% 60.1%

42.8% 64.9% 9.5% 43.0% 65.3%

51.3% 47.3% 12.2% 11.9% 68.3%

Asset Quality NPLs / Gross Loans, % NPL Coverage Ratio Large Exposures / Gross Loans Cost of Risk, Annualised Leverage (Total Liabilities/Equity), Times

6.5% 67.8% 3.9% 1.0% 3.9

7.5% 52.7% 3.6% 2.1% 6.1

6.5% 67.8% 3.9% -0.2% 3.9

6.1% 64.3% 4.6% 2.2% 3.7

7.5% 52.7% 3.6% 2.5% 6.1

8.3% 69.1% 8.8% 3.8% 3.7

8.5% 45.8% 14.3% 2.0% 5.2

Capital Adequacy Core Capital / Risk Weighted Assets Total Qualifying Capital / Risk Weighted Assets Off Balance Sheet Items / Total Qualifying Capital Large Exposures / Core Capital NPLs less Provisions / Core Capital

26.5% 27.4% 444.1% 10.5% 5.6%

17.2% 18.3% 549.5% 15.2% 14.9%

26.5% 27.4% 444.1% 10.5% 5.6%

28.6% 29.6% 375.5% 11.1% 5.3%

17.2% 18.3% 549.5% 15.2% 14.9%

28.1% 29.1% 363.1% 21.3% 3.0%

18.7% 20.1% 351.2% 61.1% 19.7%

Market Sensitivity Forex Loans / Forex Deposits Forex Assets / Forex Liabilities Forex Loans / Gross Loans Forex Deposits/Total Deposits

0.6% 35.7% 0.2% 22.1%

1.4% 35.7% 0.6% 26.1%

0.6% 35.7% 0.2% 22.1%

0.9% 126.1% 0.3% 22.9%

1.4% 35.7% 0.6% 26.1%

0.8% 105.3% 0.3% 23.8%

1.0% 106.7% 0.4% 27.4%

Selected Operating Data Full Time Employees Assets per FTE (RwF in billion) Number of Active Branches Number of ATMS Number of POS Terminals Number of Retail current accounts

797 0.4 56 39 292 163,005

500 0.5 38 26 100 89,624

797 0.4 56 39 292 163,005

628 0.5 47 26 265 143,422

500 0.5 38 26 100 89,624

602 0.5 44 26 202 124,248

454 0.4 33 26 97 50,073

Definitions
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Return On Avera ge Tota l As s e ts (ROAA) equa l s Net Income of the peri od di vi de d by a ve ra ge Tota l As s ets for the s a me peri od; Return On Avera ge Tota l Equi ty (ROAE) e qua l s Ne t Income of the peri od di vi ded by a vera ge Tota l Sha rehol de rs Equi ty for the s a me peri od; Avera ge Interes t Ea rni ng As s ets a re ca l cul a ted on a qua rterl y ba s i s ; Inte re s t Ea rni ng As s e ts i ncl ude: Ca s h & Ba l a nce s Wi th Ba nks , Tre a s uri es a nd Ne t Loa ns To Cl i ents ; Net Inte re s t Ma rgi n e qua l s Ne t Inte re s t Income of the pe ri od di vi ded by Avera ge Interes t Ea rni ng As s ets for the s a me peri od; Loa n Yi el d equa l s Interes t Income of the peri od on l oa ns & a dva nce s di vi ded by a vera ge Gros s Loa ns for the s a me peri od; Cos t Of Funds equa l s Interes t Expens e of the peri od di vi ded by a vera ge Tota l Li a bi l i ti es for the s a me peri od; Tota l Opera ti ng Income i ncl udes Net Interes t Income a nd Non-Interes t Income; Cos ts i ncl ude Tota l Re curri ng Ope ra ti ng Cos ts a nd Bonus e s (Pa i d a nd Accrued); Cos t/Income equa l s Tota l Recurri ng Opera ti ng Cos ts pl us Bonus e s (Pa i d a nd Accrued) for the peri od di vi ded by Tota l Opera ti ng Income; Pers onnel Cos ts /Tota l Recurri ng Ope ra ti ng Cos ts equa l s the s um of Di rectors Re munera ti on, Sta ff Cos ts a nd Bonus es (Pa i d a nd Accrued) for the peri od di vi de d by Tota l Recurri ng Opera ti ng Cos ts ; Pers onnel Cos ts /Avera ge Tota l As s ets e qua l s the s um of Di rectors Remune ra ti on, Sta ff Cos ts a nd Bonus es (Pa i d a nd Accrued) for the peri od di vi ded by a vera ge Tota l As s ets ; Cl i e nt Depos i ts i ncl ude Corpora te a nd Reta i l depos i ts ; Li qui d As s ets i ncl ude Ca s h, Ca s h Ba l a nces Wi th the NBR, Ca s h Ba l a nces Wi th Ba nks , Trea s uri es a nd Other Fi xed Income Ins truments ; Tota l Depos i ts i ncl ude Inte rba nk Depos i ts a nd Cl i ent Depos i ts ; Sha rehol ders Equi ty equa l s to Tota l Sha re hol ders Equi ty; Short Te rm Li qui di ty Ga p e qua l s net l i qui d a s s e ts wi th ma turi ti es equa l to or l es s tha n 2 ye a rs di vi ded by tota l a s s ets ; NPLs a re l oa ns overdue by more tha n 90 da ys NPL Covera ge ra ti o e qua l s Loa n Los s Res e rve a s of the peri od e nd di vi ded by NPLs a s of the s a me peri od; La rge expos ure s i ncl ude l oa ns tha t i n a ggre ga te compri s e 10% of Core Ca pi ta l ; Cos t Of Ri s k equa l s Net Provi s i on For Loa n Los s es of the pe ri od, pl us provi s i ons for (l es s recovery of) other a s s ets , di vi ded by a vera ge Gros s Loa ns To Cl i ents for the s a me peri od; Tota l Ca pi ta l Ade qua cy equa l s Tota l Qua l i fyi ng Ca pi ta l a s of the pe ri od end di vi de d by Tota l Ri s k We i ghte d As s ets a s of the s a me da te, both ca l cul a te d i n a ccorda nce wi th the requi rements of the Na ti ona l Ba nk of Rwa nda . Y-o-Y refers to yea r on yea r cha nge on the Rwf va l ues Q-o-Q refers to qua rter on qua rter cha nge on the Rwf va l ues YE refer to Ye a r End fi gures a s a t 31 Dece mber. YTD refer to Yea r to Da te fi gures

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