Buoyed by robust trading, turnover soared to Kes.983M on a volume of 22M shares, up from Kes.298M on 19M shares posted yesterday.

Week on week, turnover rose to Kes.2.5bn from Kes.1.86bn posted the previous week, the number of shares traded stood at 103M against 97M the previous week.

NSE 20 Share Index shaved-off a total of 24.51 points during the week to stand at 4777.12. All Share Index (NASI) was down 0.33% during the week to settle at 123.30 points.

Banking sector records improved performance (3 months to June '13) - CBK http://www.centralbank.g...rds-improved-performance

Qualifying further the Scangroup reasoning of leveraging on WPP to rope in their global clients coming into SSA ~> Gina Din Corporate Communications strikes partnership with a Global PR firm http://www.kachwanya.com...p-with-a-global-pr-firm/

... Summary

1.1 KENYAN BANKING SECTOR PERFORMANCE
For the quarter ended 30th June 2013, the Kenyan Banking Sector demonstrated an improved growth compared to the first quarter ended 31st March 2013. Some of the sector’s performance indicators for the quarter were as follows:
• The aggregate balance sheet increased by 3.7 percent from Kshs 2.42 trillion in March 2013 to Kshs 2.51 trillion in June 2013.
• Gross loans and advances expanded by 3.6 percent from Kshs 1.40 trillion in March 2013 to Kshs 1.45 trillion in June 2013.
• Banking sector deposits grew by 4.5 percent from to Kshs 1.78 trillion in March 2013 to Kshs 1.86 trillion in June 2013.
• Total shareholders’ funds increased by 5 percent from Kshs 375.6 billion in March 2013 to Kshs 394.4 billion in June 2013.
• Unaudited pre-tax profits for the quarter was Kshs 61.5 billion compared to Kshs 53.2 billion for the quarter ending 30th June 2012, a 15.6% increase.

1.2 CREDIT OFFICER SURVEY
Highlights of findings obtained in the quarter ended June 2013:-
• The demand for credit generally increased in all economic sectors. Reduction of political risk had the most significant impact on increasing demand for credit; followed by reduction in Central Bank Rate and available investment opportunities.
• No institution tightened its credit standards as compared to the first quarter of 2013. However there was a slight easing of credit standards in trade, tourism, restaurant & hotels and personal/household sectors.
• For the quarter ending 30th September 2013, institutions expect the non-performing loans to generally decrease in Agriculture, Building & Construction and Tourism, Restaurant & Hotel sectors
• 76% and 56% of the respondents reported their intention to increase their credit recovery efforts in Personal/Household and Trade sectors while most of the respondents reported their intention to maintain their credit recovery efforts in most of the other economic sectors.