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BK Group Plc (NSE: BKG)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is BK Group Plc

BK Group Plc is Rwanda’s largest commercial bank by assets and licensed by the country’s banking regulator, National Bank of Rwanda. BK Group Plc was formerly known as Bank of Kigali Limited. The company renders services including a full spectrum of products and services for retail banking, corporate banking and central treasury.

BK Group Plc’s history can be traced back to 1967 when Bank of Kigali SA begun its operations. It started as a joint venture between the government of Rwanda and Belgolaise, with each owning 50% of the ordinary share capital. In 2007 however, the government of Rwanda acquired 100% of the entire shares issued and in 2011, under a new law relating to companies, changed its name to Bank of Kigali Limited.

Today, BK Group Plc operates a diversified portfolio in several sectors of the financial value chain. It operates via three segments: retail banking, corporate banking, and central treasury, with the retail banking segment offering banking services such as current and savings accounts, and fixed deposits to individuals, retail lending, which are mainly consumer loans and mortgage-based lending and mortgages.

BK Group Plc has its headquarters in Kigali, Rwanda and its portfolio of products includes current and savings accounts, and fixed deposits to individuals, retail lending, which are mainly consumer loans and mortgage-based lending and mortgages and more.

The corporate banking segment offers fixed deposits, overdrafts, loans, and other credit facilities, both local and foreign currencies. The central treasury segment includes funding and centralised management activities through borrowings, issues of debt securities and investing in liquid assets.

BK Group Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol BKG. BK Group Plc has more than 1 200 employees and currently serves clients from 79 branches located in the main towns and cities of Rwanda.

Diane Karusisi is the current CEO of BK Group Plc and the company forms part of the Banking Industry and Financial Sector.

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BK Group Plc

BK Group Plc Stock Performance

The current price for BK Group Plc stocks is 29.80 KES. The company has a total market capitalization of 26,902,776,660 KES, with a Price/Earning ratio of 5.35 and earnings per share of 10.55 KES.

In an analysis of BK Group Plc’s financial data, figures showed that BKG closed its trading day on Friday 10 September 2021 at 29.80 KES per share on the Nairobi Securities Exchange (NSE), recording an 8.7% drop from its previous closing price of 32.65 KES.

BK Group Plc experienced a 52 week high share price of 40.00 KES and a 52 week low of 12.15 KES, a 52 week change of 100.00%.

With an increase of earnings per share and steady profits, investors who want to buy or sell BK GROUP PLC stocks can be assured of profitable dividends and earnings in times to come.

According to an analysis on the live chart of BK GROUP PLC, analysts forecast a further improvement in performance for the Financials Sector with its market share growing as trading volumes may increase. Investors should be cautious of BKG’s recent poor performance though, having lost 22% of its value in recent weeks.

Highlights of BK Group Plc in 2021

BK Group Plc opened the year with a share price of 20.50 KES and has gained 45.4 % in value on its price valuation, ranking it fourth on NSE with its year-to-date performance.

BK Group Plc is currently the 24th most-traded stock on NSE and it has experienced a total trading volume of more than 4.39 million shares, all of which were finalised in 75 deals, and were valued at a total of 118 million KES over three months, with an average of 69 624 shares in the trading sessions.

In the same period on 30 June BK Group Plc experienced a volume high of 2.5 million.

How to buy BK Group Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade BK Group Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  • Find the symbol of the share that you want to buy, in this case, “BKG”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.