Wikileaks; Kenyan Banking Sector Performance
For the year 2013, the Kenyan Banking Sector recorded continued growth. Some of the sector’s performance indicators are as follows:
• The aggregate balance sheet increased by 16.17 percent from Kshs 2.35 trillion in December 2012 to Kshs 2.73 trillion in December 2013.
• Gross loans expanded by 17.65 percent from Kshs 1.36 trillion in December 2012 to Kshs 1.60 trillion in December 2013.
• Deposits grew by 12.50 percent from Kshs 1.76 trillion in December 2012 to Kshs 1.98 trillion in December 2013.
• Total shareholders’ funds increased by 18.91 percent from Kshs 362.86 billion in December 2012 to Kshs 431.49 billion in December 2013.
• Total income increased by 1.53 percent from Kshs 352.52 billion in December 2012 to Kshs 357.90 billion in December 2013 while total expenses decreased by 4.71 percent from Kshs 244.84 billion in December 2012 to Kshs 233.32 billion in December 2013.
• Interest income on loans fell by 3.57% in 2013 to Kshs 211.19 billion down from Kshs 219.01 billion in 2012. This is a reflection of declining lending rates in 2013.
• Interest expenses on deposits fell by 27.38 % to Kshs 72.13 billion in 2013 down from Kshs 99.32 billion in 2012. This is attributable to a decline in the cost of deposits in 2013.
• Unaudited pre-tax profits stood at Kshs 107.68 billion for 31st December 2012 compared to Kshs 124.57 billion for 31st December 2013 recording an increase of 16.89 per cent.
The growth in banking sector was accompanied by an upsurge in credit risk with the gross non-performing loans increasing by 30.91 percent from Kshs 61.56 billion in December 2012 to Kshs 80.59 billion in December 2013.
https://www.centralbank.go.ke/im..._THE_YEAR_ENDED_2013.pdf