National Bank of Kenya Financial Report - 1Q 2017

Transcription

1. The Board of Directors of National Bank of Kenya Limited hereby announce the un-audited results for the period ended 31 March 2017 I . STATEMENT OF FINANCIAL POSITION As at 31 March 2017 A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 B 22 23 24 25 26 27 28 29 30 31 32 33 34 C 35 36 37 38 39 40 41 ASSETS Cash (both Local & Foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes Financial Assets at fair value through profit and loss Investment Securities:(a+b) a) Held to Maturity:(i+ii) i. Kenya Government securities ii. Other securities b) Available for sale:(i+ii) i. Kenya Government securities ii. Other securities Deposits and balances due from local banking institutions Deposits and balances due from banking institutions abroad Tax recoverable Loans and advances to customers (net) Balances due from banking institutions in the group Investments in associates Investments in subsidiary companies Investments in joint ventures Investment properties Property and equipment Prepaid lease rentals Intangible assets Deferred tax asset Retirement benefit asset Other assets TOTAL ASSETS LIABILITIES Balances due to Central Bank of Kenya Customer deposits Deposits and balances due to local banking institutions Deposits and balances due to foreign banking institutions Other money market deposits Borrowed funds Balances due to banking institutions in the group Tax payable Dividends payable Deferred tax liability Retirement benefit liability Other liabilities TOTAL LIABILITIES SHAREHOLDERS' FUNDS Paid up /Assigned capital Share premium/(discount) Revaluation reserves Retained earnings/Accumulated losses Statutory loan loss reserves Other Reserves Proposed dividends 42 Capital grants 43 TOTAL SHAREHOLDERS' FUNDS 44 TOTAL LIABILITIES & SHAREHOLDERS' FUNDS II. STATEMENT OF COMPREHENSIVE INCOME for the period ended 31 March 2017 1 1.1 1.2 1.3 1.4 Interest Income Loans and advances Government securities Deposits and placements with banking institutions Other Interest Income 1.5 TOTAL INTEREST INCOME 2 Interest Expense 2.1 Customer deposits 2.2 Deposits and placements from banking institutions 2.3 Other interest expenses 2.4 3 4 4.1 4.2 4.3 TOTAL INTEREST EXPENSES NET INTEREST INCOME Non-Interest Income Fees and commissions on loans and advances Other fees and commissions Foreign exchange trading income (loss) 4.4 Dividend Income 4.5 Other Income 4.6 TOTAL NON-INTEREST INCOME BANK 31-Mar-16 Shs’000 BANK 31-Dec-16 Shs’000 BANK 31-Mar-17 Shs’000 GROUP 31-Mar-16 Shs’000 GROUP 31-Dec-16 Shs’000 GROUP 31-Mar-17 Shs’000 Un-audited Audited Un-audited Un-audited Audited Un-audited 3,352,781 3,180,119 1,466,679 4,763,006 5,237,044 7,625,369 28,630,502 34,782,839 35,452,606 28,630,502 27,945,290 26,429,090 28,402,429 27,708,283 26,429,090 228,073 237,007 - 6,837,549 9,023,516 - 6,837,549 9,023,516 1,409,962 100,115 785,942 816,742 1,211,860 506,362 371,862 504,332 502,718 66,315,233 59,339,225 58,126,112 237,007 19,963 19,963 19,963 4,227,059 4,110,825 4,090,322 1,420,533 1,352,178 1,416,713 482,668 473,722 482,668 3,410,331 4,802,152 4,730,366 115,220,642 115,114,374 115,442,827 3,696,472 3,344,271 1,673,374 4,763,006 5,237,044 7,625,369 28,630,502 34,782,839 35,452,606 28,630,502 27,945,290 26,429,090 28,402,429 27,708,283 26,429,090 228,073 237,007 - 6,837,549 9,023,516 - 6,837,549 9,023,516 1,409,962 100,115 785,942 816,742 1,211,860 506,362 380,823 506,976 498,237 66,315,233 59,339,225 58,126,112 237,007 19,963 19,963 19,963 4,228,065 4,111,684 4,091,132 1,420,688 1,352,178 1,416,713 483,299 474,353 483,299 3,410,331 4,811,884 4,743,350 115,575,086 115,292,392 115,659,466 3,719,844 6,487,585 99,444,269 96,966,522 92,772,520 3,157,167 513,810 2,074,155 1,083,995 21,976 21,976 12,043 29,811 6,444 24,663 1,329,502 2,889,695 2,000,111 103,982,725 104,118,291 104,455,072 3,719,844 6,487,585 99,444,269 96,966,522 92,772,520 3,157,167 513,810 2,074,155 1,083,995 21,976 21,976 12,043 29,811 6,444 24,663 1,533,738 2,913,057 2,030,741 104,186,961 104,141,653 104,485,702 7,214,976 7,214,976 7,214,976 509,752 660,062 794,192 3,077,016 2,883,472 2,793,451 436,173 302,573 302,058 (65,000) (116,922) 11,237,917 10,996,083 10,987,755 115,220,642 115,114,374 115,442,827 7,214,976 509,752 3,227,224 436,173 - 7,214,976 7,214,976 660,062 794,192 3,038,128 2,979,460 302,573 302,058 (65,000) (116,922) 11,388,125 11,150,739 11,173,764 115,575,086 115,292,392 115,659,466 BANK 31-Mar-16 BANK 31-Dec-16 BANK 31-Mar-17 GROUP 31-Mar-16 GROUP 31-Dec-16 GROUP 31-Mar-17 Shs’000 Un-audited Shs’000 Un-audited Shs’000 Un-audited Shs’000 Un-audited Shs’000 Audited Shs’000 Un-audited 2,715,453 9,020,708 768,805 3,256,451 50,623 38,019 3,522,277 12,327,782 1,259,173 1,047,872 7,133 2,314,178 2,715,453 9,020,708 768,805 3,256,451 38,019 50,623 3,522,277 12,327,782 1,259,173 1,047,872 9,901 2,316,946 1,205,378 39,658 4,539 1,249,575 2,272,702 3,517,980 786,425 4,540 4,308,945 8,018,837 711,846 159,621 871,467 1,442,711 1,205,378 39,658 4,539 1,249,575 2,272,702 3,517,980 786,425 4,540 4,308,945 8,018,837 711,846 159,621 871,467 1,445,479 57,054 350,745 98,417 192,318 144,808 1,386,308 363,863 1,039,938 74,005 252,226 157,583 96,628 57,054 388,043 98,417 74,005 302,115 157,583 192,318 225,630 1,386,308 363,863 1,039,938 698,534 2,934,917 580,442 735,832 3,015,739 630,331 2,971,236 10,953,754 2,023,153 3,008,534 11,034,576 2,075,810 131,159 939,201 9,552 98,224 696,923 880,025 4,576 83,786 2,697,895 3,642,344 43,370 391,913 131,159 944,255 9,552 98,224 92,464 412,851 95,664 399,134 677,129 3,264,415 2,530,567 10,851,922 98,648 59,044 649,995 1,990,877 182,654 182,654 (20,464) 162,190 84,933 84,933 (25,480) 59,453 - III. OTHER DISCLOSURES BANK 31-Mar-16 Shs’000 Un-audited BANK 31-Dec-16 Shs’000 Audited BANK 31-Mar-17 Shs’000 Un-audited 16,978,927 1,895,355 29,987,342 3,218,351 29,025,058 3,402,539 15,083,572 26,768,991 25,622,519 3,946,004 6,058,141 6,154,532 1 a b c d Non-performing loans and advances Gross non-performing loans and advances Less: Interest in suspense Total Non-performing loans and advances (a-b) Less: Loan loss Provisions e Net NPLs exposure (c-d) 11,137,568 20,710,850 19,467,987 f Discounted Value of Securities g 2 a b Net NPLs exposure (e-f) Insider loans and Advances Directors, Shareholders and associates Employees 11,137,568 - 20,710,850 - 19,467,987 - 104,165 4,709,121 5,590 4,226,097 30,269 4,330,267 c 3 a b c d 4 a b c d e f Total insider loans, advances and other facilities Off-Balance sheet items Letters of credit, guarantees and acceptances Forwards, swaps and options Other contingent liabilities Total contingent liabilities Capital Strength Core capital Minimum Statutory Capital Excess/(Deficiency) (a-b) Supplementary capital Total capital (a+d) Total risk weighted assets 4,813,286 4,231,687 4,360,536 7,330,618 114,853 - 5,065,466 2,360,805 4,225,013 2,181,921 6,406,934 g h I j k Core capital/total deposit liabilities Minimum Statutory Ratio Excess/(Deficiency) (g-h) Core capital/total risk weighted assets Minimum Statutory Ratio l m n o 5 a b c Excess/(Deficiency) (j-k) Total capital/total risk weighted assets Minimum Statutory Ratio Excess/(Deficiency)(m-n) Liquidity Liquidity Ratio Minimum Statutory Ratio Excess/(Deficiency)(a-b) 7,445,471 7,426,271 10,129,844 10,033,448 9,994,377 1,000,000 9,129,844 1,000,000 9,033,448 1,000,000 8,994,377 563,611 10,693,455 81,793,696 467,589 10,501,037 88,324,602 500,606 10,494,983 90,415,848 10.1% 10.3% 10.7% 8.0% 2.1% 8.0% 2.3% 8.0% 2.7% 12.4% 11.4% 11.1% 10.5% 1.9% 10.5% 0.9% 10.5% 0.6% 13.1% 11.9% 11.6% 14.5% -1.4% 14.5% -2.6% 14.5% -2.9% 26.9% 29.7% 20.0% 6.9% 20.0% 9.7% 26.5% 20.0% 6.5% DIVIDENDS The directors do not recommend the payment of an interim dividend. APPROVAL The un-audited financial statements are extracts of the financial statements and records of the Bank which were approved by the Board of Directors on 29 March 2017. The complete set of quarterly financial statements, statutory and qualitative disclosures can be accessed on the Bank’s website www.nationalbank.co.ke. M.A. Hassan - Chairman Wilfred Musau - Managing Director & CEO Habil Waswani - Company Secretary REGISTERED OFFICE National Bank Building, 18 Harambee Avenue, Nairobi. P.O. BOX 72866, 00200, Nairobi. Telephone: 2828000, 0711038000, 0732018000 Fax : 311444 E-Mail : info@nationalbank.co.ke Website : www.nationalbank.co.ke Bank on better National Bank Gold & Platinum Credit Cards 96,628 Gold Credit 5 6 6.1 6.2 6.3 TOTAL OPERATING INCOME Other Operating Expenses Loan loss provision Staff costs Directors' emoluments 6.4 Rental charges 6.5 Depreciation charge on property and equipment 6.6 Amortisation charges 6.7 Other operating expenses 6.8 Total Operating Expenses 696,923 875,719 4,576 83,786 2,697,895 3,621,462 43,370 391,913 92,388 412,605 95,571 398,855 658,993 3,226,044 2,507,956 10,792,144 324,295 161,610 (14,149) 147,461 40,143 40,143 (12,043) 28,100 - - - 13.5 Income tax relating to components of other comprehensive income - (65,000) - 14 - (65,000) 7 PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS 8 Exceptional items 9 Profit after exceptional items 10 Current tax 11 Deferred tax 12 Profit after tax and exceptional items 13 OTHER COMPREHENSIVE INCOME 13.1 Gains/(Losses) from translating the financial statements of foreign operations 13.2 Fair value changes in available for sale financial assets 13.3 Revaluation surplus on Property,plant and equipment 13.4 Share of other comprehensive income of associates Other Comprehensive Income for the year net of tax 15 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 16 EARNINGS PER SHARE - basic and diluted 463,280 463,280 (138,985) - 161,610 - 98,599 59,044 647,231 1,983,010 477,967 477,967 (143,391) 334,576 (51,922) - - (65,000) - (51,922) - (51,922) - (65,000) (51,922) 324,295 82,461 (23,822) 334,576 97,190 7,531 Shs 1.05 Shs 0.50 Shs 0.09 Shs 1.09 Shs 0.53 Shs 0.19 Gold Cred it Platinum Credit Plat inum Cred it Use your National Bank Credit Card at all Visa accepting outlets. Fuel, groceries, airtime, goods online & meals in restaurants. um tin Pla it Cred For more information please contact our 24hr Contact Centre on +254 020 282 089 00 0703 088 900 it ed ld Cr Go www.nationalbank.co.ke callcentre@nationalbank.co.ke National Bank of Kenya National_Bank Nationalbank_ke National Bank of Kenya is regulated by the Central Bank of Kenya inum Plat it Cred