Equity Bank

Ticker code EQTY Industry Regional Banks Equity Bank Ltd.
NHIF Building, 14th Floor
P.O. Box 75104-00200
Nairobi, Kenya
ISIN KE0000000554 Sector Financial
Initial Listing 12 February 2015 Financial Year End 31 December
Website www.equitybankgroup.com Results Released Quarterly
2010 2011 2012 2013 2014
Profitability
Return on Assets 5.0% 5.3% 5.0% 4.8% 5.0%
Return on Equity 26.2% 30.1% 28.1% 25.8% 26.9%
Net Interest Margin 9.1% 9.0% 10.8% 10.6% 9.4%
Loan Yield 15.6% 16.9% 21.5% 17.6% N.A.
Interest Expense/Interest Income 15.0% 16.1% 22.3% 16.9% 17.5%
Cost of Funds 0.5% 0.6% 1.0% 0.6% 0.6%
Efficiency
Cost/Income Ratio 59.6% 55.8% 53.2% 54.3% 55.3%
Costs/Average Assets 9.3% 8.5% 8.2% 7.9% 8.5%
Personnel Costs/Total Operating Costs 46.6% 41.8% 39.9% 43.8% 41.0%
Personnel Costs/Average Total Assets 4.3% 3.5% 3.3% 3.5% 3.5%
Personnel Costs/Total Operating Income 23.8% 21.0% 19.5% 21.6% 22.7%
Net Income/Total Operating Income 32.2% 36.0% 32.8% 31.7% 36.0%
Total Operating Income/Average Assets 5.8% 6.1% 5.5% 5.1% 5.5%
Liquidity
Net Loans/Total Assets 54.7% 58.0% 55.8% 61.7% 62.2%
Liquidity Ratio 40.0% 37.0% 46.0% 34.0% 30.4%
Minimum Statutory Ratio 20.0% 20.0% 20.0% 20.0% 20.0%
Excess (Liquidity Ratio – Minimum Statutory Ratio) 20.0% 17.0% 26.0% 14.0% 10.4%
Total Deposits/Total Assets 73.0% 73.4% 69.1% 70.3% 71.4%
Total Deposits/Total Liabilities 90.2% 89.0% 83.9% 86.3% 87.6%
Interbank Borrowings/Total Deposits 7.6% 10.3% 15.8% 13.7% 12.2%
Gross Loans/Total Assets 56.0% 59.2% 57.6% 63.9% N.A.
Gross Loans/Total Deposits 76.7% 80.6% 83.4% 90.9% N.A.
Leverage (Total Liabilities/Equity), Times 4.3 4.7 4.7 4.4 4.4
Asset Quality
NPLs/Gross Loans 4.9% 2.3% 1.7% 5.4% N.A.
NPL Coverage Ratio 23.4% 41.6% 68.7% 42.7% 54.8%
Loan Loss Reserve/Gross Loans 1.1% 1.0% 1.2% 2.3% N.A.
Capital Adequacy
Core Capital/Risk Weighted Assets 22.0% 15.0% 19.9% 18.6% 14.8%
Total Capital/Risk Weighted Assets 28.0% 22.0% 30.1% 23.6% 17.3%
NPLs less Provisions/Core Capital 15.0% 8.0% 3.2% 12.4% 8.4%
Market Sensitivity
Forex Exposure/Core Capital 0.0% 0.0% 0.0% 0.1% N.A.
Forex Assets/Forex Liabilities 112.7% 123.8% 119.4% 108.5% N.A.