Rawbank Reports Strong 2024 Performance and Reaffirms Its Pivotal Role in the Congolese Economy
KINSHASA, Democratic Republic of Congo--(BUSINESS WIRE)-- Rawbank, the leading banking institution in the DRC, has published its annual results for the 2024 financial year. These results validate the soundness of its responsible growth strategy and underscore its long-term commitment to supporting the country's economic and social development. This momentum has been further strengthened by a renewed corporate vision and brand identity, symbolised by the launch of a new logo – reflecting Rawbank's local roots, resilience, and shared ambition for the future.
Robust financial performance in support of the Congolese economy
In 2024, Rawbank continued its upward growth trajectory, delivering strong results across all key financial indicators. Net banking income reached USD 514 million, a 6.2% increase year-on-year, driven by dynamic commercial activity and disciplined margin management. Net profit stood at USD 212.7 million, confirming sustained profitability in a context still marked by inflationary pressures and a tight monetary policy environment.
The Return on Equity (ROE) stood at 32.99%, with Return on Assets (ROA) at 3.43%, while the Basel III capital adequacy ratio rose to 20.44%, reflecting the bank's financial soundness and its capacity to continue supporting national financing needs. Gross loans reached USD 2.08 billion, up 34% year-on-year, backed by a prudent lending policy and strong demand. The loan-to-deposit ratio improved to 43.85%, highlighting a robust liquidity profile. Total deposits increased to USD 4.74 billion, a rise of nearly 20%, demonstrating the continued trust of both corporate and retail customers.
Operational efficiency also improved, with the cost-to-income ratio at 52.36%. Risk remains well managed, with the Net NPL ratio at 0.47%, confirming the sound quality of the credit portfolio and the effectiveness of Rawbank's risk governance framework. Overall, these results confirm the strength and resilience of Rawbank's integrated model and its unwavering dedication to financing the Congolese economy.
Mustafa Rawji, CEO : 'Our 2024 performance confirms the strength of a model built on efficiency, diversification, and innovation. These results reflect the renewed trust of our clients and our continued determination to contribute meaningfully to the transformation of the Congolese economy.'
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