This was supported by 8.6 percent year on year growth in Net interest income to Sh45.0 Billion, coupled with 19 percent rise in non-interest revenue to Sh30.8 billion.
Consequently, non-interest revenue contribution rose 219 basis points to 40.6 percent.
"Execution of the Group's business strategy continued to yield results as non-funded income contributed 40 percent of the Group's total income reflecting quality and diversification of income. Success in our regional expansion and business diversification saw subsidiaries contribution to Group profit after tax rise to 18 percent up from 15 percent the previous year,"
The loan book grew 23.3 percent to Sh366.4 billion with 97 percent of transactions occurring outside the branch, while investment in government securities rose 7.0 percent to Sh172.2 billion.
Cost-to-Income (CTI) was relatively unchanged year on year at 51.5 percent.
In
Management is targeting to push the branch numbers further lower in
Analysts at
A final dividend of KES 2.50 was declared to mark a 25 percent increase from the previous year.
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