Net Interest Income, up 8.29% to 6,542,787 from 6,042,024
Non Interest Revenue, up 58.71% to 7,549,557 from 4,756,855
Total Income, up 29.98% to 14,092,344 from 10,842,117
Credit Imparement Charges, down 2.67% to 635,429 from 652,853
Income after Imparement Charges, up 32.07% to 13,456,915 from 10,189,264
Total Operating Expenses, up 20.01% to 8,868,827 from 7,390,363
Profit Before Tax, up 63.92% to 4,588,088 from 2,798,901
Profit After Tax, up 63.67% to 3,009,891 from 1,838,992
Loans and Advances, down 17.28% to 78,483,828 from 94,884,596
Customer Deposits, down 6.70% to 100,463,247 from 107,681,320
>above figures are in KES “000”
The growth has been boasted by growth in Non Interest Revenue (details need on this. They failed to provide)
Loans and Advances are down a whopping 17.28% - Are they diverging from core banking business?
Customer Deposits down 6.70% - Other Banks have reported increase in customer deposits
CFC Bank has packed a lot of money in banks, 2012 KES 23,366,583,000 up from 2011 KES 7,104,647,000 – They reduced Loans to pack the money in banks¿
KES 4B raised in Oct is yet to be deployed