KCB GROUP PLC
UN-AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE PERIOD ENDED 31 MARCH 2023
KCB KENYA BANK | NATIONAL BANK OF KENYA | KCB GROUP PLC COMPANY | KCB GROUP PLC CONSOLIDATED | ||||||||||||||||||||
31-Mar-23 | 31-Dec-22 | 31-Mar-22 | 31-Mar-23 | 31-Dec-22 | 31-Mar-22 | 31-Mar-23 | 31-Dec-22 | 31-Mar-22 | 31-Mar-23 | 31-Dec-22 | 31-Mar-22 | ||||||||||||
Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | Kshs 000 | ||||||||||||
I. STATEMENT OF FINANCIAL POSITION | Un-audited | Audited | Un-audited | Un-audited | Audited | Un-audited | Un-audited | Audited | Un-audited | Un-audited | Audited | Un-audited | |||||||||||
A. ASSETS | |||||||||||||||||||||||
1. | Cash (both Local & Foreign) | 7,012,428 | 10,332,230 | 8,528,043 | 1,355,093 | 1,432,365 | 1,091,995 | - | - | - | 30,475,370 | 29,290,313 | 18,647,891 | ||||||||||
2. | Balances due from Central Bank of Kenya | 28,587,984 | 32,017,676 | 22,427,593 | 5,890,587 | 3,806,747 | 3,378,494 | - | - | - | 34,478,571 | 35,824,423 | 25,806,087 | ||||||||||
3. | Kenya Government and other securities held for dealing purposes | - | - | 2,577,572 | - | - | - | - | - | - | - | 17,403,315 | 7,365,423 | ||||||||||
4. | Financial Assets at fair value through profit and loss | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
Investment securities: | - | - | - | ||||||||||||||||||||
5. | a) Held at amortized cost: a. Kenya Government securities | 126,338,375 | 126,184,144 | 99,784,029 | 24,382,348 | 24,564,568 | 33,429,933 | - | - | - | 151,179,265 | 151,200,443 | 133,408,701 | ||||||||||
b. Other securities | - | - | - | 303,831 | 295,081 | - | - | - | - | 31,263,261 | 13,321,996 | 9,484,978 | |||||||||||
b) Fair value through OCI: a. Kenya Government securities | 77,326,775 | 77,640,039 | 91,405,803 | 22,827,274 | 23,831,380 | 18,193,460 | - | - | - | 100,922,453 | 102,147,970 | 110,237,643 | |||||||||||
b. Other securities | 2,126,118 | 2,065,406 | 2,126,118 | - | - | - | - | - | - | 14,353,641 | 11,349,927 | 21,311,556 | |||||||||||
6. | Deposits and balances due from local banking institutions | 2,252,893 | 1,700,652 | 2,645,218 | 1,650,663 | 1,722,415 | 1,352,457 | 622,880 | 711,662 | 3,449,910 | 3,904,315 | 1,722,415 | 3,997,675 | ||||||||||
7. | Deposits and balances due from banking institutions abroad | 7,198,603 | 23,430,225 | 7,404,906 | 4,937,748 | 856,588 | 946,746 | - | - | - | 185,575,950 | 187,926,359 | 36,724,170 | ||||||||||
8. | Tax recoverable | - | 2,306,005 | - | - | 35,633 | - | 90,291 | 90,291 | 92,517 | - | 336,465 | - | ||||||||||
9. | Loans and advances to customers (net) | 654,659,988 | 613,892,181 | 551,160,564 | 74,668,415 | 71,188,674 | 67,470,096 | - | - | - | 928,824,144 | 863,268,077 | 704,366,078 | ||||||||||
10. | Balances due from group companies | 7,624,757 | 10,228,308 | 4,834,579 | 28,406 | 20,504 | - | 1,312,658 | - | 58,396 | - | - | - | ||||||||||
11. | Investments in associates | 446,875 | 446,875 | 400,253 | 727,492 | 630,147 | 682,051 | - | - | - | 1,174,367 | 1,077,022 | 400,254 | ||||||||||
12. | Investments in subsidiary companies | - | - | - | 24,963 | 24,963 | 24,963 | 114,270,238 | 114,270,238 | 87,963,501 | - | - | - | ||||||||||
13. | Investments in joint ventures | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
14. | Investment properties | 12,600,607 | 12,600,607 | 10,227,387 | - | - | - | - | - | - | 12,600,607 | 12,600,607 | 10,666,255 | ||||||||||
15. | Property and equipment | 10,937,588 | 9,812,222 | 9,815,944 | 2,023,957 | 2,107,445 | 3,967,622 | 824,217 | 828,090 | 822,035 | 31,032,505 | 29,729,053 | 21,705,496 | ||||||||||
16. | Prepaid lease rentals | 116,403 | 117,027 | 118,899 | - | - | - | - | - | - | 121,683 | 122,313 | 124,215 | ||||||||||
17. | Intangible assets | 3,129,802 | 3,439,459 | 4,160,335 | 431,274 | 413,519 | 555,525 | 3,039 | 3,545 | 5,065 | 22,328,404 | 21,214,824 | 7,366,736 | ||||||||||
18. | Deferred tax asset | 21,093,450 | 20,130,483 | 19,237,528 | 4,595,976 | 4,423,855 | 3,384,397 | 109,865 | 109,865 | 44,703 | 27,070,553 | 25,757,832 | 22,982,095 | ||||||||||
19. | Retirement benefit asset | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
20. | Other assets | 34,091,236 | 25,009,222 | 21,625,181 | 7,725,036 | 7,415,390 | 6,021,806 | 88,257 | 61,405 | 60,764 | 55,298,733 | 49,736,614 | 32,313,157 | ||||||||||
21. | TOTAL ASSETS | 995,543,882 | 971,352,761 | 858,479,952 | 151,573,063 | 142,769,274 | 140,499,545 | 117,321,445 | 116,075,096 | 92,496,891 | 1,630,603,822 | 1,554,029,968 | 1,166,908,410 | ||||||||||
B. | LIABILITIES | 20,966,128 | 37,227,730 | 7,994,240 | 13,951,314 | - | 6,995,020 | - | - | - | 34,917,442 | 37,227,730 | 14,989,260 | ||||||||||
22. | Balances due to Central Bank of Kenya | ||||||||||||||||||||||
23. | Customer deposits | 728,530,697 | 694,515,583 | 631,128,521 | 99,786,755 | 105,675,307 | 98,656,380 | - | - | - | 1,196,587,247 | 1,135,417,382 | 845,817,474 | ||||||||||
24. | Deposits and balances due to local banking institutions | 12,953,768 | 14,203,190 | 9,474,922 | 5,780,801 | 12,276,816 | 9,905,645 | - | - | - | 18,479,541 | 24,466,261 | 19,211,284 | ||||||||||
25. | Deposits and balances due to foreign banking institutions | 10,075,378 | 11,388,422 | 8,826,476 | 9,289,831 | 6,213,529 | 5,462,230 | - | - | - | 42,509,059 | 31,093,170 | 26,081,695 | ||||||||||
26. | Other money market deposits | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
27. | Borrowed funds | 58,125,397 | 54,574,726 | 33,314,599 | 4,643,551 | 628,790 | - | - | - | - | 62,636,131 | 63,609,957 | 37,843,109 | ||||||||||
28. | Balances due to group companies | - | 1,321,852 | - | 122,223 | 38,104 | - | 3,975,000 | 2,360,330 | - | - | - | - | ||||||||||
29. | Tax payable | 1,418,775 | - | 9,094,891 | 92,397 | - | 284,351 | - | - | - | 4,420,671 | - | 9,415,579 | ||||||||||
30. | Dividends payable | 3,213,463 | 3,213,463 | 4,858,749 | - | - | 274 | - | - | - | - | - | - | ||||||||||
31. | Deferred tax liability | - | - | - | - | - | - | - | - | - | 4,492,295 | 4,492,295 | 655,000 | ||||||||||
32. | Retirement benefit liability | 585,000 | 585,000 | 458,000 | - | - | - | - | - | - | 1,036,399 | 585,000 | 458,000 | ||||||||||
33. | Other liabilities | 35,065,774 | 30,928,460 | 27,534,923 | 2,868,298 | 2,846,796 | 2,812,303 | 508,988 | 765,947 | 617,866 | 50,679,309 | 50,861,910 | 28,713,957 | ||||||||||
34. | TOTAL LIABILITIES | 870,934,380 | 847,958,426 | 732,685,321 | 136,535,170 | 127,679,342 | 124,116,203 | 4,483,988 | 3,126,277 | 617,866 | 1,415,758,094 | 1,347,753,705 | 983,185,358 | ||||||||||
C. | SHAREHOLDERS' FUNDS | 53,986,100 | 53,986,100 | 53,986,100 | 12,683,038 | 12,683,038 | 12,683,038 | 3,213,463 | 3,213,463 | 3,213,463 | 3,213,463 | 3,213,463 | 3,213,463 | ||||||||||
35. | Paid up/Assigned capital | ||||||||||||||||||||||
36. | Share premium/(discount) | - | - | - | 3,141,319 | 3,141,319 | 3,141,319 | 27,690,149 | 27,690,149 | 27,690,149 | 27,690,149 | 27,690,149 | 27,690,149 | ||||||||||
37. | Revaluation reserves | - | - | - | - | - | 1,200,558 | - | - | - | 2,487,666 | 2,487,666 | 1,200,558 | ||||||||||
38. | Retained earnings/Accumulated losses | 52,348,784 | 42,463,463 | 69,859,150 | (4,433,806) | (4,324,159) | (5,121,889) | 75,506,919 | 75,618,281 | 54,548,487 | 154,543,615 | 147,205,910 | 146,104,167 | ||||||||||
39. | Statutory loan loss reserve | 23,318,826 | 26,755,145 | 4,435,113 | 4,584,996 | 4,374,215 | 4,789,033 | - | - | - | 24,850,534 | 26,707,228 | 7,372,172 | ||||||||||
40. | Other Reserves/Re-measurement of defined benefit asset/liability | (5,044,208) | (4,195,571) | (2,485,732) | (937,654) | (784,481) | (308,717) | - | - | - | (11,067,418) | (13,530,926) | (10,174,046) | ||||||||||
41. | Proposed dividends | - | 4,385,198 | - | - | - | - | 6,426,926 | 6,426,926 | 6,426,926 | 6,426,926 | 6,426,926 | 6,426,926 | ||||||||||
42. | Capital grants | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
43. | TOTAL SHAREHOLDERS' FUNDS | 124,609,502 | 123,394,335 | 125,794,631 | 15,037,893 | 15,089,932 | 16,383,342 | 112,837,457 | 112,948,819 | 91,879,025 | 208,144,935 | 200,200,416 | 181,833,389 | ||||||||||
44. | Minority Interest | - | - | - | - | - | - | - | - | - | 6,700,793 | 6,075,847 | 1,889,663 | ||||||||||
45. | TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS | 995,543,882 | 971,352,761 | 858,479,952 | 151,573,063 | 142,769,274 | 140,499,545 | 117,321,445 | 116,075,096 | 92,496,891 | 1,630,603,822 | 1,554,029,968 | 1,166,908,410 | ||||||||||
II. | STATEMENT OF COMPREHENSIVE INCOME | ||||||||||||||||||||||
1. | INTEREST INCOME | 15,564,523 | 59,625,463 | 14,283,620 | 1,708,699 | 7,499,952 | 1,702,206 | - | - | - | 24,694,179 | 84,174,056 | 18,799,438 | ||||||||||
1.1. Loans and advances | |||||||||||||||||||||||
1.2. Government securities | 6,292,972 | 23,482,989 | 5,264,090 | 1,386,535 | 5,616,106 | 1,496,467 | - | - | - | 8,780,611 | 32,860,929 | 7,658,863 | |||||||||||
1.3. Deposits and placements with banking institutions | 10,839 | 222,611 | 50,364 | 7,182 | 40,017 | 22,174 | 7,324 | 19,383 | 1,788 | 137,762 | 716,455 | 169,340 | |||||||||||
1.4. Other Interest Income | - | - | - | 8,749 | 35,501 | 8,749 | - | - | - | - | - | - | |||||||||||
1.5 Total interest income | 21,868,334 | 83,331,063 | 19,598,074 | 3,111,165 | 13,191,576 | 3,229,596 | 7,324 | 19,383 | 1,788 | 33,612,552 | 117,751,440 | 26,627,641 | |||||||||||
2. | INTEREST EXPENSE | 5,755,304 | 17,834,494 | 4,005,233 | 833,018 | 3,123,059 | 739,857 | - | - | - | 7,803,278 | 25,213,637 | 5,734,751 | ||||||||||
2.1. | Customer deposits | ||||||||||||||||||||||
2.2. Deposits and placement from banking institutions | 2,192,142 | 3,777,636 | 570,879 | 363,456 | 853,860 | 261,740 | - | - | - | 3,654,065 | 5,415,481 | 1,045,933 | |||||||||||
2.3. Other interest expenses | 76,474 | 337,545 | 85,794 | 48,155 | 171,048 | 43,220 | - | - | - | 95,250 | 469,013 | 107,141 | |||||||||||
3. | 2.4. Total interest expenses | 8,023,920 | 21,949,675 | 4,661,906 | 1,244,629 | 4,147,967 | 1,044,817 | - | - | - | 11,552,593 | 31,098,131 | 6,887,825 | ||||||||||
NET INTEREST INCOME/(LOSS) | 13,844,414 | 61,381,388 | 14,936,168 | 1,866,536 | 9,043,609 | 2,184,779 | 7,324 | 19,383 | 1,788 | 22,059,959 | 86,653,309 | 19,739,816 | |||||||||||
4. | OTHER OPERATING INCOME | 2,726,701 | 9,687,992 | 2,319,803 | 86,140 | 182,740 | 68,572 | - | - | - | 2,720,692 | 10,639,803 | 2,573,801 | ||||||||||
4.1 Fees and commissions on loans and advances | |||||||||||||||||||||||
4.2. Other fees and commissions | 2,718,609 | 7,489,825 | 2,053,377 | 286,576 | 781,435 | 182,497 | - | - | - | 7,080,655 | 12,347,508 | 3,349,111 | |||||||||||
4.3. Foreign exchange trading income | 1,919,861 | 8,916,989 | 1,184,287 | 259,354 | 964,611 | 120,605 | 11,122 | 13,504 | 2,333 | 2,646,032 | 11,078,891 | 1,739,501 | |||||||||||
4.4. Dividend Income | - | - | - | 51,144 | - | - | - | 32,824,414 | 4,858,749 | - | - | - | |||||||||||
4.5. Other income | 1,143,429 | 5,274,148 | 1,234,746 | 172,993 | 390,978 | 110,731 | 347,419 | 1,412,053 | 128,495 | 2,342,914 | 9,185,313 | 1,629,160 | |||||||||||
5. | 4.6. Total other operating income | 8,508,600 | 31,368,954 | 6,792,213 | 856,207 | 2,319,764 | 482,405 | 358,541 | 34,249,971 | 4,989,577 | 14,790,293 | 43,251,515 | 9,291,573 | ||||||||||
TOTAL OPERATING INCOME | 22,353,014 | 92,750,342 | 21,728,381 | 2,722,743 | 11,363,373 | 2,667,184 | 365,865 | 34,269,354 | 4,991,365 | 36,850,252 | 129,904,824 | 29,031,389 | |||||||||||
6. | OTHER OPERATING EXPENSES | 3,319,686 | 8,560,331 | 1,701,574 | 407,394 | 2,003,475 | 221,107 | - | - | - | 4,118,282 | 13,206,881 | 2,075,384 | ||||||||||
6.1. Loan loss provision | |||||||||||||||||||||||
6.2. Staff costs | 5,126,629 | 18,518,101 | 4,310,870 | 1,303,881 | 4,694,743 | 1,095,477 | 266,776 | 1,210,780 | 237,970 | 9,359,554 | 30,262,179 | 6,719,455 | |||||||||||
6.3. Directors' emoluments | 145,992 | 433,849 | 143,362 | 7,680 | 35,038 | 6,469 | 11,850 | 78,244 | 17,202 | 236,355 | 536,697 | 238,437 | |||||||||||
6.4. Rental charges | 87,385 | 185,795 | 69,035 | 45,063 | 123,551 | 34,682 | - | - | - | 199,006 | 464,550 | 197,835 | |||||||||||
6.5. Depreciation charge on property and equipment | 529,009 | 2,169,789 | 537,866 | 138,332 | 589,774 | 166,332 | 4,383 | 15,693 | 3,715 | 1,154,647 | 3,990,091 | 955,847 | |||||||||||
6.6. Amortisation charges | 379,975 | 1,517,741 | 375,466 | 50,273 | 285,536 | 82,337 | 506 | 2,026 | 506 | 525,301 | 2,624,814 | 513,868 | |||||||||||
6.7. Other operating expenses | 3,551,461 | 12,453,787 | 2,776,811 | 647,433 | 2,783,626 | 581,308 | 193,710 | 840,816 | 71,310 | 7,403,051 | 21,488,259 | 4,298,485 | |||||||||||
7. | 6.8. Total other operating expenses | 13,140,137 | 43,839,393 | 9,914,984 | 2,600,056 | 10,515,743 | 2,187,712 | 477,225 | 2,147,559 | 330,703 | 22,996,196 | 72,573,471 | 14,999,311 | ||||||||||
Profit/(loss) before tax and exceptional items | 9,212,877 | 48,910,949 | 11,813,397 | 122,687 | 847,630 | 479,472 | (111,360) | 32,121,795 | 4,660,662 | 13,854,056 | 57,331,353 | 14,032,078 | |||||||||||
8. | Exceptional items | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||
9. | Profit/(loss) after exceptional items | 9,212,877 | 48,910,949 | 11,813,397 | 122,687 | 847,630 | 479,472 | (111,360) | 32,121,795 | 4,660,662 | 13,854,056 | 57,331,353 | 14,032,078 | ||||||||||
10. | Current tax | (3,726,665) | (14,684,118) | (3,807,407) | (128,030) | (553,222) | 73,174 | - | (34,419) | (4,792) | (5,435,484) | (17,034,861) | (4,439,490) | ||||||||||
11. | Deferred tax | 962,967 | 509,282 | 264,040 | 106,475 | 425,371 | 69,433 | - | 116,872 | 51,710 | 1,334,238 | 541,243 | 263,814 | ||||||||||
12. | Profit/(loss) after tax and exceptional items | 6,449,179 | 34,736,113 | 8,270,030 | 101,132 | 719,779 | 336,865 | (111,360) | 32,204,248 | 4,707,580 | 9,752,810 | 40,837,735 | 9,856,402 | ||||||||||
13. | Minority Interest | - | - | - | - | - | - | - | - | - | 249,381 | 224,219 | 67,508 | ||||||||||
14. | Profit/(loss) after tax and exceptional items and Minority Interest | 6,449,179 | 34,736,113 | 8,270,030 | 101,132 | 719,779 | 336,865 | (111,360) | 32,204,248 | 4,707,580 | 9,503,429 | 40,613,516 | 9,788,894 | ||||||||||
15. | Other Comprehensive income: | ||||||||||||||||||||||
15.1. Gains/(Losses) from translating the financial statements of foreign operations | - | - | - | - | - | - | - | - | - | (634,007) | 787,000 | 340,296 | |||||||||||
15.2. Fair value changes in available-for-sale financial assets | (1,212,340) | (4,281,932) | (1,667,844) | (218,819) | (1,134,300) | (454,637) | - | - | - | (5,725,056) | (4,218,406) | (1,352,546) | |||||||||||
15.3. Re-measurement of defined benefit pension fund | - | (218,000) | - | - | - | - | - | - | - | (218,000) | - | ||||||||||||
15.4. Share of other comprehensive income of associates | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
16. | 15.5. Income tax relating to components of other comprehensive income | 363,702 | 1,349,980 | 500,353 | 65,646 | 340,290 | 136,391 | - | - | - | 1,717,517 | 1,330,922 | 405,764 | ||||||||||
Other comprehensive income for the year net of tax | (848,638) | (3,149,952) | (1,167,491) | (153,173) | (794,010) | (318,246) | - | - | - | (4,641,546) | (2,318,484) | (606,486) | |||||||||||
17. | Total comprehensive income for the year | 5,600,541 | 31,586,161 | 7,102,539 | (52,041) | (74,231) | 18,619 | (111,360) | 32,204,248 | 4,707,580 | 5,111,264 | 38,519,251 | 9,249,916 | ||||||||||
18. | EARNINGS PER SHARE - DILUTED & BASIC KSHS | 0.48 | 0.64 | 0.61 | 0.03 | 0.11 | 0.10 | (0.14) | 10.02 | 5.86 | 12.14 | 12.71 | 12.18 | ||||||||||
19. | DIVIDEND PER SHARE - DECLARED KSHS | - | 0.58 | - | - | - | - | 2.00 | - | ||||||||||||||
III. | OTHER DISCLOSURES | ||||||||||||||||||||||
1. | NON-PERFORMING LOANS AND ADVANCES | 138,947,180 | 129,110,413 | 98,913,323 | 20,826,579 | 18,495,986 | 27,716,118 | 176,470,712 | 161,204,092 | 130,947,239 | |||||||||||||
a) Gross Non-performing loans and advances | |||||||||||||||||||||||
b) Less Interest in Suspense | 12,127,998 | 10,700,324 | 8,561,371 | 2,597,208 | 2,434,820 | 4,545,759 | 15,333,322 | 13,847,979 | 13,506,617 | ||||||||||||||
c) Total Non-Performing Loans and Advances (a-b) | 126,819,182 | 118,410,089 | 90,351,952 | 18,229,371 | 16,061,166 | 23,170,359 | 161,137,390 | 147,356,113 | 117,440,622 | ||||||||||||||
d) Less Loan Loss Provision | 65,749,112 | 52,055,838 | 41,315,519 | 10,696,228 | 10,227,482 | 12,260,564 | 85,716,325 | 70,613,860 | 55,439,476 | ||||||||||||||
e) Net Non-Performing Loans and Advances(c-d) | 61,070,070 | 66,354,251 | 49,036,433 | 7,533,143 | 5,833,684 | 10,909,795 | 75,421,065 | 76,742,253 | 62,001,146 | ||||||||||||||
f) Discounted Value of Securities | 56,543,010 | 62,146,449 | 44,761,576 | 7,032,471 | 5,575,691 | 10,733,780 | 73,544,910 | 65,844,558 | 59,586,869 | ||||||||||||||
g) Net NPLs Exposure (e-f) | 4,527,060 | 4,207,802 | 4,274,857 | 500,672 | 257,993 | 176,015 | 1,876,155 | 10,897,695 | 2,414,277 | ||||||||||||||
2. | INSIDER LOANS AND ADVANCES | 16,381,229 | 10,588,373 | 1,717,455 | 51 | 19 | 19 | 19,125,813 | 11,567,155 | 1,194,696 | |||||||||||||
a) | Directors, Shareholders and Associates | ||||||||||||||||||||||
b) Employees | 14,717,824 | 14,749,609 | 14,605,949 | 5,700,537 | 5,725,588 | 5,798,601 | 23,335,422 | 23,209,465 | 22,456,920 | ||||||||||||||
c) Total Insider Loans and Advances and other facilities | 31,099,053 | 25,337,982 | 16,323,404 | 5,700,588 | 5,725,607 | 5,798,620 | 42,461,235 | 34,776,620 | 23,651,616 | ||||||||||||||
3. | OFF-BALANCE SHEET ITEMS | 180,131,434 | 111,462,201 | 112,478,087 | 9,067,134 | 8,622,735 | 3,888,837 | 241,490,117 | 157,031,406 | 130,246,242 | |||||||||||||
a) Letters of credit,guarantees, acceptances | |||||||||||||||||||||||
b) Forwards, swaps and options | 16,378,420 | 4,928,705 | 14,005,698 | 5,390,978 | 6,121,453 | 6,939,528 | 23,520,012 | 12,399,606 | 22,703,205 | ||||||||||||||
c) | Other contingent liabilities | - | - | - | - | - | - | - | - | - | |||||||||||||
d) Total Contingent Liabilities | 196,509,854 | 116,390,906 | 126,483,785 | 14,458,112 | 14,744,188 | 10,828,365 | 265,010,129 | 169,431,012 | 152,949,447 | ||||||||||||||
4. | CAPITAL STRENGTH | 92,327,887 | 85,964,036 | 112,443,731 | 10,857,004 | 11,034,430 | 10,172,212 | 179,653,980 | 173,697,452 | 166,342,570 | |||||||||||||
a) Core capital | |||||||||||||||||||||||
b) Minimum Statutory Capital | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||
c) | Excess (a-b) | 91,327,887 | 84,964,036 | 111,443,731 | 9,857,004 | 10,034,430 | 9,172,212 | 178,653,980 | 172,697,452 | 165,342,570 | |||||||||||||
d) Supplementary Capital | 35,598,290 | 34,786,348 | 28,010,113 | 5,173,780 | 1,129,549 | 1,322,539 | 45,667,501 | 40,511,551 | 30,947,172 | ||||||||||||||
e) Total Capital (a+d) | 127,926,177 | 120,750,384 | 140,453,844 | 16,030,784 | 12,163,979 | 11,494,751 | 225,321,481 | 214,209,003 | 197,289,742 | ||||||||||||||
f) Total risk weighted assets | 833,863,162 | 792,142,822 | 717,209,325 | 96,085,038 | 90,363,905 | 81,791,952 | 1,321,582,701 | 1,249,837,735 | 864,249,585 | ||||||||||||||
g) Core Capital/Total deposits Liabilities | 12.5% | 12.2% | 17.5% | 10.5% | 10.0% | 9.8% | 15.0% | 15.3% | 19.7% | ||||||||||||||
h) Minimum statutory Ratio | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | ||||||||||||||
I) | Excess | 4.5% | 4.2% | 9.5% | 2.5% | 2.0% | 1.8% | 7.0% | 7.3% | 11.7% | |||||||||||||
j) Core Capital / total risk weighted assets | 11.1% | 10.9% | 15.7% | 11.3% | 12.2% | 12.4% | 13.6% | 13.9% | 19.2% | ||||||||||||||
k) Minimum Statutory Ratio | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | ||||||||||||||
l) | Excess (j-k) | 0.6% | 0.4% | 5.2% | 0.8% | 1.7% | 1.9% | 3.1% | 3.4% | 8.7% | |||||||||||||
m) Total Capital/total risk weighted assets | 15.3% | 15.2% | 19.6% | 16.7% | 13.5% | 14.1% | 17.0% | 17.1% | 22.8% | ||||||||||||||
n) Minimum statutory Ratio | 14.5% | 14.5% | 14.5% | 14.5% | 14.5% | 14.5% | 14.5% | 14.5% | 14.5% | ||||||||||||||
o) Excess (m-n) | 0.8% | 0.7% | 5.1% | 2.2% | (1.0%) | (0.4%) | 2.5% | 2.6% | 8.3% | ||||||||||||||
p) Adjusted Core Capital/Total Deposit Liabilities* | 12.5% | 12.2% | 17.6% | 10.6% | 10.1% | 9.9% | 15.0% | 15.3% | 19.7% | ||||||||||||||
q) Adjusted Core Capital/Total Risk Weighted Assets* | 11.1% | 10.9% | 15.8% | 11.5% | 12.4% | 12.6% | 13.6% | 13.9% | 19.3% | ||||||||||||||
r) Adjusted Total Capital/Total Risk Weighted Assets* | 15.3% | 15.3% | 19.7% | 16.8% | 13.7% | 14.3% | 17.0% | 17.1% | 22.9% | ||||||||||||||
5. | LIQUIDITY | ||||||||||||||||||||||
a) Liquidity Ratio | 28.1% | 29.9% | 33.1% | 36.3% | 40.5% | 35.4% | 43.7% | 40.9% | 36.9% | ||||||||||||||
b) Minimum Statutory Ratio | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | 20.0% | ||||||||||||||
c) Excess (a-b) | 8.1% | 9.9% | 13.1% | 16.3% | 20.5% | 15.4% | 23.7% | 20.9% | 16.9% |
*The adjusted capital ratios include the expected credit loss provisions added back to capital in line with the CBK quidance note issued in April 2018 on implementation of IFRS9.
Message from the Directors:
The above financial statements are extracts from the books of the institution. The complete set of quarterly financial statements, statutory and qualitative disclosures can be accessed on the institution's website www.kcbgroup.com They mav also be accessed at the institutions For People. For Better. Head Office located at Kencom house, Moi Avenue, Nairobi, Kenya. The financial statements were approved by the Board of Directors on Wednesday 24th May, 2023 and were signed on its behalf by: Andrew W. Kairu - Group Chairman | Paul Russo - Group Chief Executive Officer
Regulated by Central Bank of Kenya
www.kcbgroup.com
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
KCB Group Ltd. published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 16:48:25 UTC.