P.O. Box 30246 00100 Branches in Nairobi * * Industrial Area * Westlands * Telephone: 2221414-7 Email: [email protected], [email protected] UNAUDITEDUNAUDITEDUNAUDITED FINANCIAL FINANCIAL FINANCIAL STATEMENTS STATEMENTS STATEMENTS AND AND OTHER AND OTHER DISCLOSURESOTHER DISCLOSURES DISCLOSURES FOR THE FORPERIODFOR PERIOD THE ENDED PERIOD ENDED 31ST MARCH 3OENDEDTH JUNE 2019 30 2018TH JUNE 2019 BANK I STATEMENT OF FINANCIAL POSITION BANK BANK I. STATEMENT OF FINANCIAL POSITION I STATEMENT OF FINANCIAL POSITION 30th June 2017 31st December 2017 31st March 2018 30th June 2018 Shs.31st ‘000’ March 2018 30th Shs. 31stJune ‘000’ December 31st December 2018Shs. ‘000’ 31st March 31st 2019Shs.March ‘000’ 30th June A ASSETS UnauditedShs. ‘000’ 2018Audited Shs. ‘000’Unaudi2018ted Shs.Unaudi ‘000’2019ted 2019 A ASSETS1 Cash ( both Local & Foreign) 62,964Unaudited 69,114 Audited91,440 Unaudited76,769 1 Cash ( both Local & Foreign) 91,440Shs. ‘000’ 69,666Shs. ‘000’ Shs. 87,228 ‘000’ Shs. ‘000’ A ASSETS2 Balances2 Balances due from due Central from CentralBank of Bank of Kenya 1,242,0262,228,916Unaudited 2,145,709 2,059,558Audited 2,22 8,916 2,379,869Unaudited 2,956,662 Unaudited 1 Cash3 Kenya ( both3 Government KLocalenya Government& Foreign) and other and securities other securities held for held dealing for dealing purposes purposes 76,769 69,666 87,228 92,665 4 Financial4 Financial Assets at Assets fair value at fair through value through profit profitand loss and loss 2 Balances5 Investment5 dueInvestment from Securities: Central Securities: Bank of Kenya 2,956,662 2,059,558 2,379,869 5,186,527 3 Kenyaa) GovernmentHeld toa) Maturity:Held to and Maturity: other securities held for dealing purposes 27,307,314 -30,079,138 - - - - 4 Financial a. KenyaAssets a.Government Katenya fair Government value securities through securities profit and loss 27,307,314 -30,079,138 - - - - b. Other b.securities Other securities 5 Investmentb) Available Securities: for sale: 31,312,226 38,620,202 39,509,240 a) Held a. to Kenya Maturity:b) AGovernmentvailable for sale: securities 31,312,226 - - - 38,620,20231,31 2,2 2- 6 39,509,24034,293,665 - - a. Kenya b. Other Government a.securities Kenya Government securities securities - - - 31,312,22 - 6 34,293,665 - - 6 Deposits and b. Otherbalances securities due from local banking institutions - - - b.7 DepositsOther6 securitiesDeposits and balances and balances due from due banking from local institutions banking institutions abroad 2,889,0811,471,925 2,064,634 2,168,351 - 3,822,033 - b) Available8 Tax7 recoverable Depositsfor sale: and balances due from banking institutions abroad 439,785 34,293,665- 587,02 2 143,51038,620,202 1,47 1,92 5 39,509,240 6,812,4- 32 38,764,017 a.9 LoansKenya8 and GovernmentTax advances recoverable to securities customers (net) 19,237,174 - 34,293,665 23,242 18,426,559 38,620,202 - 12,814,306 39,509,24020,083 38,764,017 10 b. BalancesOther9 securitiesLoans due from and advancesbanking institutionsto customers in (net) the group 24,018,211 20,641,381 19,237,174 18,965,929 11 Investments in associates 6 Deposits12 Investments10 andBalances balances in subsidiary due duefrom companies frombanking local institutions banking in theinstitutions group - - - - 7 Deposits13 Investments11 andInvestments balances in joint venturesindue associates from banking institutions abroad 6,812,432 2,168,351 3,822,033 4,432,513 8 Tax14 recoverableInvestment12 Investments properties in subsidiary companies 20,083 143,510 - 103,152 15 Property13 Investmentsand equipment in joint ventures 888,564 862,950 840,937 9 Loans16 Prepaid and14 advances leaseInvestment rentals to prope customersrties (net) 18,965,929 18,426,559 12,814,306 12,518,524 10 Balances17 Intangible15 duePrope fromassetsrty bankingand equipment institutions in the group 971,589 - 915,152 888, - 564 879,- 876 11 Investments18 Deferred16 Prepaidintax associates asset lease rentals - 214,051 214,050 19 Retirement17 Intan benefitgible assets asset - - - - 12 Investments20 Other assets in subsidiary companies 98,303 124,287 108,905 13 Investments21 TOTAL18 ASSETS Deferredin joint taxventures asset 55,328,548 - - 62,689,134 - 59,776,568 - 14 Investment19 propertiesRetirement benefit asset B LIABILITIES20 Other assets 25,627 105,264 98,303 92,869 15 Property22 Balances21 andT dueOequipmentTAL toA SCentralSETS Bank of Kenya 56,956,597 879,87656,630,65 6 862,95055,328,548 64,098,840,937285 818,210 16 Prepaid23 CustomerB leaseLIA depositsrentalsBILITIES 32,163,816 40,636,396 41,353,684 17 Intangible24 Deposits22 assetsBalances and balances due to due Central to local Bank banking of Kenya institutions ------25 Deposits23 Customer and balances deposits due to foreign banking institutions 28,366,4111,300,4507 3 1,285,769 8,619,99232,163, 816 4,428,62341,732,6 33 18 Deferred26 Other tax money asset market deposits - 214,051 214,050 214,050 19 Retirement27 Borrowed24 benefitDeposits funds andasset balances due to local banking institutions - - - - 20 Other28 Balances assets25 Deposits due to banking and balances institutions due to inforeign the group banking institutions 17,933,281 192,8693,538,960 1124,2871,300,45 0 108,90510,173,824 95,495 29 Tax2 payable6 Other money market deposits 136,758 - 16,490 21 TOTAL30 Dividends ASSETS27 Borrowed payable funds 64,098,285 62,689,134 59,776,568 62,225,153 31 Deferred28 Balances tax liability due to banking institutions in the group 2,842 - - B LIABILITIES32 Retirement29 Tax benefitpayable liability 21,592 95,890 - 82,80713 6,758 75,557 - 33 Other30 liabilitiesDividends payable 126,671 158,561 175,161 22 Balances34 TOTAL due LIABILITIES to of Kenya 43,826,427 49,497,756 46,049,515 23 Customer31 depositsDeferred tax liability 1,497 41,732,633 2,84 1 40,636,396 2,842 41,353,684 2,842 45,731,394 24 Deposits C SHAREHOLDERS’32 andRetirement balances FUNDSbenefit due toliability local banking institutions 99,250 97,7 -89 95,890 - 87,2 62- - 35 Paid33 up /AssignedOther liabilities capital 121,9701,000,000 80,282 1,000,00012 6,671 1,000,000147,591 25 Deposits36 Share34 and premium/(discount)TO balancesTAL LIABI LITdueIES to foreign banking institutions 46,544,007 10,173,824 45,005,64 1 8,619,992 43,826,42 7 4,428,62352,144,152 1,897,735 26 Other37 Revaluation moneyC SHA market reservesREHOLDERS’ depositsFUNDS 742,014 730,530 730,530 27 Borrowed38 Retained35 fundsP earnings/Accumulatedaid up /Assigned capital losses 1,000,0009,760,107 1,000,000 11,460,848 1,000,000 11,996,523 1,000,000 39 Statutory36 Share premium/(discount)loss reserves - - - 28 Balances40 Other due Reserves to banking institutions in the group 29 Tax41 payableProposed37 Revaluation dividends reserves 743,180 742,01 - 4 742,0 1- 4 16,490742,014 - 30 Dividends42 Capital38 payable grantsRetained earnings/Accumulated losses 8,418,410 9,665,001 9,760,107 10,212,119 43 TOTAL39 SHAREHOLDERS’Statutory loan loss FUNDSreserves 251,00011,502,121 218,000 13,191,378 - 13,727,053 - 31 Deferred44 Minority40 tax Other Interestliability Reserves 2,842 - - - 32 Retirement45 TOTAL41 LIABILITIES benefitProposed liability dividends AND SHAREHOLDERS’ FUNDS 55,328,548 87,262 62,689,134 82,807 59,776,568 75,557 76,788 33 Other liabilities42 Capital grants 147,591 158,561 175,161 225,425 34 TOTALII STATEMENT LIABILITIES43 TOTAL OF SHA COMPREHENSIVEREHOLDERS’ FUN DSINCOME 10,412,590 52,144,15211,625,01 5 49,497,75611,502,12 1 46,049,51511,954,133 47,931,342 C SHAREHOLDERS’44 Minority FUNDS Interest 1.0 INTEREST45 TO INCOMETAL LIABILITIES AND SHAREHOLDERS’ FUNDS 56,956,597 56,630,656 55,328,548 64,098,285 35 Paid1.1 Loansup /Assigned and advances capital 453,679 1,000,000 1,826,969 1,000,000 425,6961,000,000 1,000,000 36 Share1.2 Government premium/(discount)II STATE securitiesMENT OF COMPREHENSIVE INCOME 861,340 3,879,392 1,043,177 37 Revaluation1.3 Deposits1.0 I reservesNTEandR placementsEST INCOM Ewith banking institutions 16,902 742,014 87,484 730,530 19,495 730,530 730,530 1.4 Other1.1 InterestLoans Incomeand advances 937,309 - 1,992,411 4 -5 3,679 920,- 302 38 Retained1.5 Total1.2 earnings/AccumulatedinterestGovernment income securities losses 1,483,3831,331,921 10,212,119 3,127,37 0 5,793,845 11,460,848 86 1,340 1,488,368 11,996,523 1,785,442 12,563,281 39 Statutory1.3 loanDeposits loss reserves and placements with banking institutions 24,544 65,4 -3 6 16,902 - 36,8 0-7 - 40 Other2.0 INTEREST Reserves EXPENSE 2.1 Customer1.4 Other deposits Interest Income - 505,135 - 2,286,580 - 588,663 - 41 Proposed2.2 Deposits1.5 dividendsT andotal placementinterest income from banking institutions 2,445,236 81,356 5,185,217 348,054 1,33 1,921 78,258 2,742, 551 42 Capital2.3 Other 2.0grants interestINTER expensesEST EXPENSE 43 TOTAL2.4 Total SHAREHOLDERS’2.1 interestCustomer expenses deposits FUNDS 872,548 586,491 11,954,133 1,845,57 4 2,634,634 13,191,378505, 13 5 13,727,053 666,921 1,047,498 14,293,811 3.0 NET2.2 INTERESTDeposits INCOME/(LOSS) and placement from banking institutions 148,907 745,430 327,433 3,159,2118 1,356 821,447169, 206 44 Minority2.3 InterestOther interest expenses 45 TOTAL4.0 NON-INTEREST LIABILITIES2.4 Total int erestINCOME AND expenses SHAREHOLDERS’ FUNDS 1,021,455 64,098,285 2,173,00 7 62,689,134586,49 1 59,776,568 1,216,704 62,225,153 4.1 Fees and commissions on and advances 23,403 76,570 23,029 4.2 Other3.0 feesNE andT INTE commissionsREST INCOM E/(LOSS) 1,423,781 16,706 3,012,210 66,079745,4 30 17,240 1,525,8 47 II. STATEMENT4.3 Foreign4.0 OF exchangeNON- COMPREHENSIVEINTE tradingREST IN Cincome/(Loss)OME INCOME 6,952 37,274 6,141 1.0 INTEREST4.4 Dividend4.1 INCOMEF Incomeees and commissions on loans and advances 62,037 112,803 23,403 43,387 1.1 Loans4.5 Other and4.2 income advancesOther fees and commissions 40,467 8,833 920,302 83,63 4 31,2511,826,9691 6,706 425,6965,55931, 596 836,623 4.6 Total4.3 Non-interestForeign exchange income trading income/(Loss) 12,670 55,894 27,280 211,174 6,952 51,96919, 148 1.2 Government5.0 TOTAL4.4 OPERATINGDividend securities Income INCOME 801,324 1,785,442 3,370,385 3,879,392 873,4161,043,177 2,108,261 1.3 Deposits4.5 andOther placements income with banking institutions 27,423 36,807104,07 9 87,484 8,83 3 19,49515,342 43,586 1.4 Other6.0 OTHER Interest OPERATING Income EXPENSES - - - - 6.1 Loan4.6 lossT otalprovision Non-interest income 142,597 5,387 327,796 268,6335 5,894 15,955109, 473 1.5 Total6.2 Staff interest5.0 costsTO TincomeAL OPERATING INCOME 1,566,378 70,944 2,742,551 3,340,006 275,744 5,793,845 80 1,32 4 1,488,368 68,533 1,635, 320 2,988,470 6.3 Directors’6.0 O emolumentsTHER OPERATING EXPENSES - - - 2.0 INTEREST6.4 Rental6.1 chargesEXPENSELoan loss provision 70,038 9,174 94,393 36,295 5,387 7,925 84,809 6.5 Depreciation6.2 Staff costscharge on property and equipment 138,252 16,161 273,178 60,6157 0,944 16,090135,6 26 2.1 Customer6.6 Amortisation6.3 depositsDirectors’ charges emoluments - 1,047,498- - 2,286,580 - - 588,663- - 1,218,437 2.2 Deposits6.7 Other6.4 and operatingRental placement charges expenses from banking institutions 17,748 61,940 169,206 35,72 0 281,186 348,054 9,17 4 58,627 78,25818, 245 107,714 2.3 Other6.8 Total interest6.5 OtherDepreciation expenses Operating charge Expenses on property and equipment 21,014 163,606 62,025 922,4731 6,161 167,13030,9 53 7.0 Profit/(loss) before tax and exceptional items 637,718 2,447,912 706,286 2.4 Total8.0 Exceptional interest6.6 Amo expensesitemsrtisation charges - 1,216,704 - 2,634,634 - 666,921 - 1,326,151 3.0 NET9.0 Profit/(loss)INTEREST6.7 Other INCOME/(LOSS) operatingafter exceptional expenses items 102,467 637,718 1,525,847 199,509 2,447,912 3,159,2116 1,940 706,286 821,447110,9 57 1,662,319 10.0 Current6.8 taxTotal Other Operating Expenses 349,519 160,000 664,825 508,441163,606 160,000380, 590 11.0 Deferred7.0 Profit/(loss) tax before tax and exceptional items 1,216,859 - 2,675,181 4,358 6 37,718 1,254-,730 4.0 NON-INTEREST12.0 Profit/(loss)8.0 Exceptional INCOMEafter itemstax and exceptional items 477,718 1,935,113 546,286 4.1 Fees13.0 Minorityand9.0 commissions Profit/(loss)Interest afonter loans exceptional and advances items 1,216,859 43,3872,675,18 1 76,570 637,71 8 1,23,029254,730 40,152 4.2 14.0OtherProfit/(loss) fees10.0 andCurrent commissions after tax tax, exceptional items and Minority Interest 330,000 477,718 31,596585,165 1,935,113 66,079160,000 546,286 17,240325,000 37,838 15.0 Other Comprehensive Income 4.3 Foreign15.1 Gains/(Losses)1 exchange1.0 Deferred tradingfrom tax translating income/(Loss) the financial statements of foreign operations - 19,148 1,345 37,274 - - 6,141 - 13,731 4.4 Dividend15.2 Fair1 2.0value IncomeProfit/(loss) changes in afavailableter tax and for saleexceptional financial items assets 886,859 - 2,088,671 4- 77,718 929-,730 4.5 Other15.3 Revaluation income13.0 Minority surplus Interest on Property,plant and equipment 15,342 31,251 - 5,559 25,510 15.4 Share14.0 of Profit/(loss)other comprehensive after tax, exceptional income of items associates and Minority Interest 886,859 2,088,671 47- 7,718 929,730 4.6 Total15.5 Income Non-interest15.0 taxOther relating Comprehensive income to components Income of other comprehensive income 109,473 211,174 - 51,969 117,231 5.0 TOTAL16.0 Other 1OPERATING5.1 ComprehensiveGains/(Losses) INCOME Incomefrom translating for the yearthe financialnet of tax statements of foreign 1,635,320- 3,370,385 - 873,416- 1,779,550 17.0 Total comprehensiveoperations income for the year 477,718 1,935,113 546,286 6.0 OTHER18.0 EARNINGS1 OPERATING5.2 Fair PER value SHARE- changes EXPENSES BASIC in available & DILUTED for sale financial assets - - - 6.1 Loan19.0 DIVIDEND loss15.3 provisionRevaluation PER SHARE surplus -DECLARED on Property,plant and equipment 84,809 - 268,633 15,955 68,875 6.2 Staff costs15.4 Share of other comprehensive income of associates 135,626 275,744 68,533 129,304 III OTHER15.5 Income DISCLOSURES tax relating to components of other comprehensive income - 6.3 Directors’16.0 emolumentsOther Comprehensive Income for the year net of tax ------6.4 Rental1.0 NON-PERFORMING charges17.0 Total comprehensive LOANS incomeAND ADVANCES for the year 886,859 18,2452,088,67 1 36,295477,71 8 97,92529,730 18,211 6.5 Depreciation (a)18.0 GrossEA charge Non-performingRNING SonPER property SHA loansRE- Band AandSIC equipment advances& DILUTED 463,228 30,953 1,346,790 60,615 1,356,950 16,090 30,219 6.6 Amortisation (b)19.0 Less:DIV chargesInterestIDEND inPER Suspense SHARE -DECLARED 7,446 - 32,100 - 27,058 - - (c) Total Non-Performing Loans and Advances (a-b) 455,782 1,314,690 1,329,892 6.7 Other (d)operatingII ILess: OLoanT HexpensesER Loss DIS CProvisionLOSURES - 127,760 110,957 694,435 281,186 717,482 58,627 99,897 6.8 Total (e)Other1.0 Net NON-Non-PerformingOperatingPERFORM ExpensesING LoansLOANS and AND Advances(c-d) ADVANCES 328,022 380,590 620,255 922,473 612,410 167,130 346,506 7.0 Profit/(loss) (f) Discounted (a)before Gross Value taxNon-pe of and Securitiesrforming exceptional loans and items advances 598,460 328,022 1,254,730 435,15 6 620,255 2,447,912 463, 22 8 612,410 706,286760 ,783 1,433,044 8.0 Exceptional (g) Net items NPLs(b) Less: Exposure Interest (e-f)in Suspense 16,360 - 7,493 - 7,446 15,- 272 (c)Total Non-Performing Loans and Advances (a-b) 582,100 427,663 455,782 745,511 9.0 Profit/(loss)2.0 INSIDER LOANSafter exceptional AND ADVANCES items 1,254,730 2,447,912 706,286 1,433,044 10.0 Current (a) tax Directors, (d) Less: Shareholders Loan Loss Provision and Associates 162,863 325,000122,42 8 508,441127,760 160,000205,974 320,000 (b) Employees (e) Net Non-Performing Loans and Advances(c-d) 419,237 72,537 305,235 68,940328,022 67,024539, 537 11.0 Deferred (c) Totaltax (f) Insider Discounted Loans Value and of Advances Securities and other facilities 419,237 72,537 305,2 -3 5 68,940 4,35832 8,02 2 67,024539, 5 3-7 - 12.0 Profit/(loss) (g)after Net taxNPLs and Exposure exceptional (e-f) items - 929,730 - 1,935,113 - 546,286 - 1,113,044 13.0 Minority3.0 OFF-BALANCE2.0 InterestINSIDER SHEETLOANS ITEMS AND ADVANCES 14.0 Profit/(loss) (a) Letters after(a) of Directors, credit,guarantees, tax, exceptional Shareholders acceptances and items Associates and Minority Interest 1,502,847 929,730 1,378,897 1,935,113 1,444,189 546,286 1,113,044 (b) Forwards, (b) Employees swaps and options 68,677 - 74,252 -7 2,537 71-,731 15.0 Other (c)Comprehensive Other contingent Income liabilities 1,286,285 824,419 1,028,854 (d) Total (c) ContingentTotal Insider Liabilities Loans and Advances and other facilities 68,6772,789,132 74,252 2,203,3167 2,537 2,473,04371 ,731 15.1 Gains/(Losses)3.0 OFF- fromBALANCE translating SHEET ITEMS the financial statements of foreign operations - 15.2 Fair4.0 valueCAPITAL changes STRENGTH (a)Letters in available of credit,guarantees, for sale financial acceptances assets 1,621,465 1,659,993 - 1,502,8 4- 7 1,294,6 3-0 - 15.3 Revaluation (a)Core surplus capital(b) Forwards, on Property,plant swaps and options and equipment 10,521,248 12,460,848 - - 12,723,380 - 15.4 Share of(b) other Minimum (c)Other comprehensive Statutory contingent Capital liabilitiesincome of associates 1,177,8121,000,000 1,078,991 1,000,000 1,286, 2 85- 1,000,000 982,279 (c)Excess/(Dificiency)(a-b) (d)Total Contingent Liabilities 2,799,2779,521,248 2,738,984 11,460,848 2,789, 132 11,723,380 2,276,909 15.5 Income (d) tax Supplementary relating to components Capital of other comprehensive income 185,504 182,633 - 182,633 16.0 Other Comprehensive4.0 CAPITAL STR IncomeENGTH for the year net of tax - - - (e) Total (a)Core Capital capital (a+d) 8,935,30810,706,7521 0,665,001 12,643,48110,52 1,248 12,906,01310,747 ,254 - 17.0 Total comprehensive(f)Total risk weighted income assets for the year 29,331,093 929,730 28,787,492 1,935,113 29,566,405 546,286 1,113,044 (g) Core (b)Capital/Total Minimum Statutory deposits Capital Liabilities 1,000,000 32.7% 1,000,000 30.7% 1,000,000 30.8% 1,000,000 18.0 EARNINGS (h) Minimum PER (c)Excess/(Dificiency)(a-b) SHARE- statutory BASIC Ratio & DILUTED 7,935,308 8.0% 9,665,001 8.0% 9,521,248 8.0%9,747,254 19.0 DIVIDEND (I) Excess/(Deficiency) PER (d) SHARE Supplementary -DECLARED (g-h) Capital 446,713 24.7% 403,504 22.7%185,504 22.8%185,504 (j) Core Capital(e) Total /Capital total risk(a+d) weighted assets 9,382,021 35.9%11,068,505 43.3%10,706,752 43.0%10,932,758 III. OTHER DISCLOSURES (k) Minimum (f)Total Statutory risk weigh Ratioted assets 20,494,361 10.5%20,508,454 10.5%29,331,093 10.5%30,562,158 (l) Excess (g) (Deficiency) Core Capital/ (j-k)Total deposits Liabilities 26.0% 25.4% 34.1% 32.8%32.7% 32.5%25.8% 1.0 NON-PERFORMING (m) Total (h) Capital/total Minimum LOANS statutory risk AND weighted Ratio ADVANCES assets 8.0% 36.5% 8.0% 43.9% 8.0% 43.7%8.0% (a) Gross (n) Minimum Non-performing statutory Ratio loans and advances 14.5% 760,783 14.5%1,346,790 1,356,95014.5% 1,295,231 (o) Excess/(Deficiency) (I) Excess/(Deficiency) (m-n) (g-h) 18.0% 22.0% 26.1% 29.4%24.7% 29.2%17.8% (b) Less: (p) Adjusted Interest (j) Core Core in CapitalSuspense Capital/Total / total risk Deposit weighted Liabilities* assets 43.6% 33.9% 15,27252.0% 31.8% 32,10035.9% 32.0% 27,05835.2% 6,231 (c)Total (q) AdjustedNon-Performing (k) Minimum Core Capital/Total Statutory Loans Ratio Risk and Weighted Advances Assets* (a-b) 10.5% 37.1% 745,51110.5% 1,314,69044.8%10.5% 1,329,89245.4%10.5% 1,289,000 (d) Less: (r) Adjusted Loan (l) ExcessLoss Total ProvisionCapital/Total(Deficiency) (j-k) Risk Weighted Assets* 33.1% 38.5% 205,97441.5% 45.5% 694,43525.4% 44.8%717,48224.7% 745,532 (e) Net Non-Performing (m) Total Capital/total Loans risk and weigh Advances(c-d)ted assets 45.8% 539,53754.0% 620,25536.5% 612,41035.8% 543,468 5 LIQUIDITY (n) Minimum statutory Ratio 14.5% 14.5% 14.5% 14.5% (f) Discounted (a) Liquidity (o) ValueExcess/(Deficiency) Ratio of Securities (m-n) 31.3% 74.0% 539,53739.5% 84.4% 620,25522.0% 100.0% 612,41021.3% 543,468 (g) Net (b) MinimumNPLs Exposure Statutory (e-f)Ratio 20.0% - 20.0% - 20.0% - - (c) Excess (p) (Deficiency) Adjusted Core (a-b) Capital/Total Deposit Liabilities* 54.0% 64.4%33.9% 80.0%26.7% 2.0 INSIDER LOANS (q) Adjusted AND ADVANCES Core Capital/Total Risk Weighted Assets* 37.1% 36.4% Notes (a) Directors, (r) ShareholdersAdjusted T otal Capital/ and AssociatesTotal Risk Weighted Assets* 38.5% 37.0% (b) Employees5 LIQUIDITY 71,731 68,940 67,024 71,476 * The (c)Total Adjusted InsiderCapital (a) Liquidity Ratios Loans includes Ratio and Advancesthe expected and credit other loss provisionsfacilities added back to Capital49.4% in line with the 71,731 CBK68.4% Guidance Note 68,940 issued74.0% in April 2018 67,024 on81.4% 71,476 implementation of (b) IFRS Minimum 9. Statutory Ratio 20.0% 20.0% 20.0% 20.0% 3.0 OFF-BALANCE (c) SHEETExcess (Deficiency) ITEMS (a-b) 29.4% 48.4% 54.0% 61.4% These (a)Letters financial of statements credit,guarantees, are extracts acceptances from the books of the institution. The complete set 1,294,630of quarterly financial 1,378,897 statements, 1,444,189 statutory andqualitative 1,231,690 disclosuresNo cantes be accessed on the institution’s website www.boikenya.com (b) Forwards,* The Adjusted swaps Capital and Ratios options includes the expected credit loss provisions added back to Capital in line with the CB -K Guidance Note issued - in April 2018 - - They (c)Othermay beon accessedimplementation contingent at the liabilities institution’sof IFRS 9. head office located at: BUILDING, KENYATTA AVENUE 982,279 NAIROBI 824,419 1,028,854 863,861 (d)TotalThese Contingentfinancial statements Liabilitiesare extracts from the books of the institution. The complete set of quarterly financial 2,276,909statements, statutory2,203,316and qualitative 2,473,043disclosures 2,095,551 4.0Signed:CAPITALcan STRENGTHbe accessed on the institution’s website www.boikenya.com. They may be accessed at the institution’s head office located at:Signed:BANK OF INDIA BUILDING, S. K. (a)CoreGUPTAKEN capitalYATTA AVENUE NAIROBI 10,747,254 12,460,848 S. B. RAI 12,723,380 13,006,759 CHIEF (b) MANAGER Minimum Statutory Capital 1,000,000 1,000,000 CHIEF EXECUTIVE 1,000,000 1,000,000 NAIROBI BRANCHSigned: KENYA BRANCHES (c)Excess/(Dificiency)(a-b) M. K. SRIVASTAVA A. K.9,747,254 AZAD 11,460,848 11,723,380 12,006,759 (d) SupplementaryASST GEN. MAN ACapitalGER CHIEF 185,504 EXECUTIVE 182,633 182,633 182,633 BANK (e) Total OFNAI RO INDIACapitalBI BR KENYAANCH (a+d) BRANCHES ARE REGULATED BY THE KEN10,932,758Y ANDA BRANC THE HE RESERVES 12,643,481 BANK OF 12,906,013 INDIA 13,189,392 (f)Total risk weightedBA assetsNK OF INDIA KENYA BRANCHES ARE REGULATED BY THE CENTRAL BANK OF 30,562,158KENYA AND R ESERVE 28,787,492BANK OF IN DIA 29,566,405 30,030,006 (g) Core Capital/Total deposits Liabilities 25.8% 30.7% 30.8% 28.4% (h) Minimum statutory Ratio 8.0% 8.0% 8.0% 8.0% (I) Excess/(Deficiency) (g-h) 17.8% 22.7% 22.8% 20.4% (j) Core Capital / total risk weighted assets 35.2% 43.3% 43.0% 43.3% (k) Minimum Statutory Ratio 10.5% 10.5% 10.5% 10.5% (l) Excess (Deficiency) (j-k) 24.7% 32.8% 32.5% 32.8% (m) Total Capital/total risk weighted assets 35.8% 43.9% 43.7% 43.9% (n) Minimum statutory Ratio 14.5% 14.5% 14.5% 14.5% (o) Excess/(Deficiency) (m-n) 21.3% 29.4% 29.2% 29.4% (p) Adjusted Core Capital/Total Deposit Liabilities* 26.7% 31.8% 32.0% 29.6% (q) Adjusted Core Capital/Total Risk Weighted Assets* 36.4% 44.8% 45.4% 45.0% (r) Adjusted Total Capital/Total Risk Weighted Assets* 37.0% 45.5% 44.8% 45.6% 5 LIQUIDITY (a) Liquidity Ratio 81.4% 84.4% 100.0% 101.9% (b) Minimum Statutory Ratio 20.0% 20.0% 20.0% 20.0% (c) Excess (Deficiency) (a-b) 61.4% 64.4% 80.0% 81.9% Notes * The Adjusted Capital Ratios includes the expected credit loss provisions added back to Capital in line with the CBK Guidance Note issued in April 2018 on implementation of IFRS 9. These 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.boikenya.com They may be accessed at the institution’s head office located at: BANK OF INDIA BUILDING, KENYATTA AVENUE NAIROBI Signed: Signed: S. K. GUPTA S. B. RAI CHIEF MANAGER CHIEF EXECUTIVE NAIROBI BRANCH KENYA BRANCHES

BANK OF INDIA KENYA BRANCHES ARE REGULATED BY THE CENTRAL BANK OF KENYA AND THE RESERVE BANK OF INDIA