2021 Earnings Presentation
2021 underlying profit of RWF 10.9 Billion, driven by solid headline earnings growth and
lower cost of credit.
Cost-to-Income ratio
RWF Million
Dec-21
Dec-20
Dec-19
% Var vs.
Dec-20
9%
Net interest income
26,876
22,413
21,866
19.9
62.1%
57.1%
Net fee income
1,975
1,969
2,241
0.3
Trading and other income
4,594
6,809
4,356
-32.5
Total operating income
33,445
31,191
28,463
7.2
Dec-20
Dec-21
Operating expenses
-20,756
-17,817
-18,405
16.5
Net operating income
12,689
13,374
10,058
-5.1
.
Net Impairment Charge
-1,705
-5,536
-1,067
-69.2
Profit Before Tax
10,984
7,838
8,990
40.1
Tax Expense
-1,815
-2,699
-2,848
2021 full-year performance reflects
the continued benefits of our
diversification strategy.
Net impairment decrease was driven
by an improved macroeconomic
outlook and lower unsecured balances.
Profit After Tax
9,170
5,140
6,142
I&M Rwanda - 2021 Earnings Presentation
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