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Q1 2018 Commercial Banks

1. Banking Industry Results 31st March 2018

Selected Industry Results at a Glance

Overall Industry Results (Selected)

2. Balance Sheet Results (Selected)

2.10 Top Ten Banks - Total Assets

2.11 Top Ten Banks - Growth in Assets

2.20 Top Ten Banks – Customer Deposits

The industry recorded a drop in performance, registering a growth of 6.2% in total assets as compared to 7.3% growth in 2017. Total assets as at 31st March 2018 stood at KSh 4tn compared to KSh 3.78tn in 2017. Tier I banks achieved the highest rate of growth at 8.2% followed by Tier III banks which recorded a growth of 5.8% and Tier IV banks 3.9%. Tier II banks registered a decrease of 1.7% in the value of their total assets as at 31st March 2018 when compared to 2017.

2.21 Top Ten Banks –vCustomer Deposits

2.22 Top Ten Banks – Growth in Customer Deposits

Customer Deposits

The industry registered a growth of 8.1% in customer deposits as compared to 8.0% in 2017. Customer deposits as at 31st March 2018 stood at KSh 2.9tn compared to KSh 2.7tn in 2017. Tier I banks achieved the highest rate of growth at 9.9% followed by Tier III banks which recorded a growth of 9.3% and Tier IV banks 6.3%. Tier II banks also registered a marginal increase of 0.2% in customer deposits as at 31st March 2018 when compared to 2017.

2.31 Top Ten Banks – Loans and Advances to Customers

2.31 Top Ten Banks – Growth in Loans and Advances to Customers

3. Profit and Loss Account Results (Selected)

3.10 Top Ten Banks - Total Income

3.12 Top Ten Banks – Growth in Total Income

Total Income

The industry registered growth of 7% in total income as compared to a reduction of 10.4% in 2017. Total income as at 31st March 2018 stood at KSh 122bn compared to KSh 114bn in 2017. Tier I banks achieved the highest rate of growth at 9% followed by Tier III banks which recorded a growth of 5.9%. Tier II banks did not register growth, while Tier IV banks registered a drop in income of 9.3% as at 31st March 2018 when compared to 2017.

3.20 Top Ten Banks – Loan Interest Income

3.21 Top Ten Banks – Growth in Loan Interest Income

Loan Interest Income increased by 2.4% to KSh 65bn as at 31st March 2018 compared to KSh 63bn as at 31st March 2017. Tier III banks recorded the highest rate of growth at 5.1% followed by the Tier I banks with 4.3%, Tier II and Tier IV banks both registered drops of 5.5% and 11.3% respectively in loan interest income as at 31st March 2018 when compared to 2017.

3.30 Top Ten Banks – Fees & Commission Income

3.31 Top Ten Banks – Growth in Fees & Commission Income

Fees & commission Income increased by 5.5% to KSh 18bn as at 31st March 2018 compared to KSh 17bn as at 31st March 2017. Tier III banks recorded the highest rate of growth at 20.1% followed by the Tier I banks with 5.9% and Tier IV banks with 1.4% growth. Tier II banks registered a drop of 3.1% in fees & commission income as at 31st March 2018 when compared to 2017.

3.40 Top Ten Banks – Profit before Tax

3.41 Top Ten Banks – Growth in Profit before Tax

PBT/ (Loss) before Tax

The industry registered growth of 9.8% in PBT as compared to a reduction of 12% in 2017. PBT as at 31st March 2018 stood at KSh 38bn compared to KSh 34bn in 2017. Tier II banks achieved the highest rate of growth at 24.1% followed by Tier I banks which recorded a growth of 10.8%. Tier III banks registered a drop in PBT of 18.4% while Tier IV banks increased the overall loss to KSh 713million as at 31st March 2018 from KSh 129million in 2017.