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What is BK Group Plc Mid-Year Financial Results about?

- BK Group PLC reported financial results for the first half of 2020, with interest income up 19.1% to FRw 67 billion due to higher loan income and investments. However, non-interest income fell 2.8% to FRw 12.8 billion due to lower fees from COVID-19 impacts. - Loan loss provisions rose 26.9% to FRw 18.3 billion while non-performing loans increased, reflecting potential COVID-19 credit risks. Excluding provisions, expenses fell 2.7% while profit after tax rose 10.6% to FRw 16.1 billion. - Bank of Kigali

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chege

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