Financial Statements Analysis and Financial Performance of Commercial Banks in Rwanda

Ndatenyirigira Joseph
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Ndatenyirigira Joseph: Master of Science in Finance, The University of Kigali

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 3, 807-824

Abstract: The study about financial statements analysis and financial performance of commercial Banks in Rwanda was aimed at examining the contribution of financial statements analysis to the financial performance of commercial Banks in Rwanda and specifically aimed at establishing whether ratio analysis, vertical and horizontal analysis affects the financial performance of BPR Bank Ltd and how the Bank utilizes them in analyzing its financial statements, assessing if the financial statements analysis helps BPR Bank Ltd in its managerial decisions and assessing its contribution towards BPR Bank Ltd’s financial performance. Both primary and secondary data was collected using a questionnaire and documentation review. A descriptive and correlation research design was adopted in the study. Descriptive and inferential statistics were used to analyze the data. The findings from the survey indicated a strong and positive relationship between financial statements analysis and financial performance as evidenced by an R-square of 0.842 and an adjusted R-square of 0.834. This means that the variation in the financial performance, 84.2% is caused by financial statements analysis. The results further revealed that only 15.8% of the variables are outside the variables that were tested.

Date: 2023
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