41% increase in pre-tax profits to Kshs. 3.3 billion

· Total income up 33% to Kshs. 5.5 billion;

· Profit before taxation was up 41% to KShs.3.3 billion;

· The net bad debt charge fell marginally from Kshs.135.5 million in the first quarter of 2011 to Kshs.134.3 million in the first quarter of 2012;

· Our total nonperforming loans remained flat at KShs. 1.2 billion and remain among the lowest in the market, this translates to 1.3% of gross total loans compared to 1.8% in the first quarter of 2011, and which reflects our prudent approach to lending and proactive risk management capability;

· Loans and advances grew by 41% to KShs.96.5 billion;

· Customer deposits grew by 17% to KShs.118.6 billion;

a 41% increase in our pre-tax profits to Kshs. 3.3 billion. Below are the highlights of our performance.



· Total income was up 33% to Kshs. 5.5 billion;

· Profit before taxation was up 41% to KShs.3.3 billion;

· The net bad debt charge fell marginally from Kshs.135.5 million in the first quarter of 2011 to Kshs.134.3 million in the first quarter of 2012;

· Our total nonperforming loans remained flat at KShs. 1.2 billion and remain among the lowest in the market, this translates to 1.3% of gross total loans compared to 1.8% in the first quarter of 2011, and which reflects our prudent approach to lending and proactive risk management capability;

· Loans and advances grew by 41% to KShs.96.5 billion;

· Customer deposits grew by 17% to KShs.118.6 billion;

· Loans and advances grew by 41% to KShs.96.5 billion... With high lending rates...!? Aje sasa?

This is Kenya & peculiar things happen (if not the norm)

Meeeeaaaw I'm sure they have beaten KCB

No clue. Probably corporate. What's the QoQ growth, anybody?

You will be shocked how people have an appetite for money.... with or without high interest rates