The financial results in this report do not include those for Rafiki Micro – Finance Trust which had not been published at the time of compilation of the report.
Selected Sector Results at a Glance
The overall sector performance declined in 2017 with Total Assets and Customer Deposits decreasing by 16.1% and 9.0% respectively. Operating Income decreased by 10.4%, while PBT increased by 103.3%
Sector Losses on Loans & Advances decreased by 34.8% which is a significant improvement. Loan Loss Provisions also decreased by 21.7% which may be an indication of better loan recovery efforts in the sector
Gross NPL have increased by 2.5% to KSh 7.56bn in 2017 from KSh 7.37bn in 2016
Sector Insider Loans have reduced from KSh 1.36bn in 2016 to KSh 1.24bn in 2017. This may be as a result of the CBK’s continued tightening of regulation after the events of 2015 and 2016 that saw a number of banks placed under receivership