II STATEMENT OF COMPREHENSIVE INCOME
INTEREST INCOME
1.1 Loans and advances 1,028,551 1.2 Government Securities 18,067 1.3 Deposits and Placements with banking institutions 103,559 1.4 Other interest income - 1.5 Total Interest income 1,150,177 INTEREST EXPENSES
2.1 Customers’ Deposits 401,258 2.2 Deposits and placements from banking institutions - 2.3 Other interest expenses 85,495 2.4 Total Interest expenses 486,753 NET INTEREST INCOME 663,424 OTHER OPERATING INCOME
4.1 Fees and commissions on loans and advances 45,645 4.2 Other fees and commissions 32,774 4.3 Foreign exchange trading income - 4.4 Dividend income - 4.5 Other income 36,380 4.5 Total Non interest income 114,799 TOTAL OPERATING INCOME 778,223 OPERATING EXPENSES
6.1 Loan loss provision 117,582 6.2 Staff costs 237,007 6.3 Directors emoluments 5,631 6.4 Rental charges 6,331 6.5 Depreciation on property and equipment 27,309 6.6 Amortisation charges 5,136 6.7 Other operating expenses 172,977 6.8 Total Other Operating Expenses 571,973 Profit before tax and exceptional items 206,250 Exceptional items - Profit before tax but after exceptional items 206,250 Current tax (67,577) Deferred Tax 3,123 Profit After Tax and exceptional items 141,796 Annualised earnings per share 1.23 Dividend per share -
GROUP 31.12.2010 31.03.2011 30.06.2011 30.06.2010
Audited Unaudited Unaudited UnAudited
COMPANY 31.12.2010 31.03.2011 30.06.2011
Audited Unaudited Unaudited
GROUP 30.06.2010 31.12.2010 31.03.2011 30.06.2011 30.06.2010
UnAudited Audited Unaudited Unaudited UnAudited
COMPANY 31.12.2010 31.03.2011 30.06.2011
Audited Unaudited Unaudited
30.06.2010 UnAudited (Ksh’000)
(Ksh’000) (Ksh’000)
(Ksh’000) (Ksh’000)
(Ksh’000)
III DISCLOSURES
Non-Performing Loans and Advances
a) Gross non-performing loans and advances b) Less: Interest in Suspense c) Total non-Performing loans and advances (a-b) d) Less: Loan loss provisions e) Net non-performing loans and advances(c-d)
f) Discounted value of securities
g) Net Exposure(e-f)
Insider loans and advances
a) Directors, shareholders and associates b) Employees c) Total insider Loans and Advances
Off-Balance Sheet items
a) Letters of credit, guarantees and acceptances b) Other contingent liabilities c) Total contingent liabilities
Capital Strength
a) Core capital b) Minimum Statutory Capital c) Excess/Deficiency d) Supplementary capital e) Total capital (a+d)
f) Total risk weighted assets g) Core capital /Total deposit liabilities h) Minimum Statutory Ratio
i) Excess/Deficiency j) Core capital /Total risk weighted assets
k) Minimum Statutory Ratio l) Excess/Deficiency (j-k)
m) Total capital /Total risk weighted assets n) Minimum Statutory Ratio o) Excess/Deficiency (m-n)
Liquidity
a) Liquidity Ratio b) Minimum Statutory Ratio c) Excess(Deficiency) (a-b)
(Ksh’000) (Ksh’000)
130,043 108,059 - - 535,309 539,679 - - 8,226,708 7,548,683 - - - - - - 20,365,783 21,535,410 - - - - - - 130,020 130,020 - - - - 610,327 675,186 41,595 41,480 2,409 9,367 23,006 23,006 - - 206,654 231,631 23,046,540 29,278,396 30,224,381 30,811,648 23,067,154 29,325,841 30,271,854 30,842,521
(Ksh’000) (Ksh’000) (Ksh’000) (Ksh’000)
(Ksh’000)
1,799,245 493,565 1,305,680 534,047 771,633 771,633 -
351,214
351,214
1,033 - 1,033
2,852,974 350,000 2,502,974 298,707 3,151,681 10,852,487 17.39% 8.00% 9.39% 26.29% 8.00% 18.29% 29.04% 12.00% 17.04%
35.26% 20.00% 15.26%
(Ksh’000)
1,467,815 283,632 1,184,183 439,916 744,267 744,267 -
459,860
459,860
1,033 - 1,033
3,186,337 500,000 2,686,337 3,186,337 6,372,674 13,077,391 19.98% 8.00% 11.98% 24.37% 8.00% 16.37% 48.73% 12.00% 36.73%
55.73% 20.00% 35.73%
(Ksh’000)
1,674,893 272,846 1,402,047 470,663 931,384 931,384 -
480,908
480,908
1,033 - 1,033
3,280,473 500,000 2,780,473 3,280,473 6,560,946 13,613,969 19.73% 8.00% 11.73% 24.10% 8.00% 16.10% 48.19% 12.00% 36.19%
53.30% 20.00% 33.30%
(Ksh’000)
1,642,327 260,477 1,381,850 475,287 906,563 906,563 -
494,513
494,513
1,033 - 1,033
3,273,448 500,000 2,773,448 3,273,448 6,546,896 14,131,282 18.71% 8.00% 10.71% 23.16% 8.00% 15.16% 46.33% 12.00% 34.33%
46.40% 20.00% 26.40%
123,978 - 510,186 - 5,181,432 - - 26,021 16,357,930 - - - - - - 604,721 48,936 2,978 73,866 - 116,492
101,224 130,043 - - 539,835 535,309 - - 8,185,432 8,226,708 - - - - - - 19,503,400 20,365,783 - - - - - - - - - - - - 600,417 616,384 48,615 48,454 3,085 2,423 76,050 76,052 - - 220,338 223,225
108,059 123,978 - - 539,679 510,186 - - 7,548,683 5,181,432 - - - - 16,763 1,919 21,535,410 16,357,930 - - - - - - - 130,020 - - - - 681,224 598,609 48,294 41,940 9,378 2,956 76,050 18,761 - - 248,108 99,423
101,224 - 539,835 - 8,185,419 - - - 19,503,400 - - - 130,020 - - 594,341 41,710 3,068 23,006 - 203,818
1,799,245 493,565 1,305,680 534,047 771,633 771,633 -
351,214
351,214
1,033 - 1,033
1,467,815 283,632 1,184,183 439,916 744,267 744,267 -
459,860
459,860
1,033 - 1,033
1,674,893 272,846 1,402,047 470,663 931,384 931,384 -
480,908
480,908
1,033 - 1,033
1,642,327 260,477 1,381,850 475,287 906,563 906,563 -
494,513
494,513
1,033 - 1,033
- - - 16,402,873 15,943,341 16,627,735 - - - - - - - - - 2,000,000 8,604,269 8,525,178 - - - - 26,337 77,754 115,000 - - - - - - - - 428,495 447,042 616,183
- - - 17,491,580 16,403,973 15,945,317 - - - - - - - - - 8,244,644 2,000,000 8,604,269 - 14,958 14,958 - - 50,441 195,500 115,000 - - - - - - - 502,249 422,588 441,326
- - 16,629,960 17,493,834 - - - - - - 8,525,178 8,244,644 14,958 14,958 101,858 7,341 - 195,500 - - - - 610,437 496,665 18,946,368 25,020,989 25,846,850 26,433,973 18,956,519 25,056,311 25,882,391 26,452,942
1,150,000 1,549,173 449,202 214,040 606,507 80,500 50,750 4,100,172
23,046,540
1,150,000 1,549,173 449,202 475,040 502,742 80,500 50,750 4,257,407
29,278,396
1,150,000 1,549,173 449,202 629,354 468,552 80,500 50,750 4,377,531
30,224,381
1,150,000 1,549,173 523,130 683,182 421,440 - 50,750 4,377,675
30,811,648
1,150,000 1,549,173 449,202 224,503 606,507 80,500 50,750 4,110,635
23,067,154
1,150,000 1,549,173 449,202 487,163 502,742 80,500 50,750 4,269,530
29,325,841
1,150,000 1,549,173 449,202 641,286 468,552 80,500 50,750 4,389,463
30,271,854
1,150,000 1,549,173 523,130 695,086 421,440 - 50,750 4,389,579
30,842,521
GROUP 31.12.2010 31.03.2011
COMPANY 31.12.2010 31.03.2011
30.06.2010 UnAudited Audited Unaudited
30.06.2010 (Ksh’000) (Ksh’000) (Ksh’000) (Ksh’000) (Ksh’000)
30.06.2011 Unaudited UnAudited Audited Unaudited Unaudited
(Ksh’000) (Ksh’000)
(Ksh’000)
651,441 8,323 95,917 - 755,681
150,158 - 170,891 321,049 434,632
31,740 15,145 - - 16,284 63,169 497,801
75,516 134,301 3,771 3,078 10,341 840 98,376 326,223 171,578 - 171,578 (51,454) - 120,124 2.09 -
2,221,791 35,222 218,801
2,475,814
793,444 - 281,382 1,074,826 1,400,988
103,294 65,185 - - 85,717 254,196 1,655,184
238,445 489,608 11,222 13,131 41,352 3,362 297,036 1,094,156 561,028 - 561,028 (186,803) 5,306 379,531 1.65 0.70
1,345,100 1,028,551 16,667 18,067 191,799 103,559 - - 1,553,566 1,150,177
312,780 401,268 - - 344,504 85,495 657,284 486,763 896,282 663,414
71,059 45,645 30,716 32,774 - - - - 38,759 35,510 140,534 113,929 1,036,816 777,343
150,078 117,582 280,303 236,954 7,612 5,631 7,011 6,228 21,471 17,037 1,696 5,002 223,254 183,051 691,425 571,485 345,391 205,858 - - 345,391 205,858 (103,552) (67,577) - 3,123 241,839 141,404 2.10 1.23 0.50 -
2,221,791 35,222 218,802
2,475,815
793,472 - 281,381 1,074,853 1,400,962
103,294 64,688 - - 84,474 252,456 1,653,418
238,445 489,511 11,222 12,925 41,277 3,171 296,632 1,093,183 560,235 - 560,235 (186,803) 7,368 380,800 1.66 0.70
651,441 8,323 95,917 - 755,681
150,167 - 170,891 321,058 434,623
31,740 15,092 - - 15,902 62,734 497,357
75,516 134,283 3,771 3,016 10,341 773 98,270 325,970 171,387 - 171,387 (51,454) - 119,933 2.09 -
1,345,100 16,667 191,799 - 1,553,566
312,807 - 344,504 657,311 896,255
71,059 30,716 - - 37,931 139,706 1,035,961
150,078 280,144 7,612 6,949 21,471 1,629 222,905 690,788 345,173 - 345,173 (103,552) - 241,621 2.10 0.50
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett