Kenya Commercial Bank

Ticker code KCB Industry Regional Banks KCB Bank Rwanda Limited
Avenue de la Paix
P.O Box 5620
Kigali, Rwanda
ISIN KE0000000315 Sector Financial
Initial Listing 18 June 2009 (ROTC) Financial Year End 31 December
Website www.kcbbankgroup.com Results Released Quarterly
2010 2011 2012 2013 2014
Profitability
Return on Assets 2.9% 3.3% 3.3% 3.7% 3.4%
Return on Equity 18.3% 24.7% 22.3% 22.6% 22.3%
Net Interest Margin 11.9% 10.2% 12.7% 11.6% 9.7%
Loan Yield 11.1% 12.9% 15.9% 14.2% N.A.
Interest Expense/Interest Income 15.0% 16.2% 28.9% 20.7% 24.3%
Cost of Funds 1.8% 1.9% 4.1% 2.7% 3.2%
Efficiency
Cost/Income Ratio 62.8% 62.3% 57.4% 51.7% 50.2%
Costs/Average Assets 8.3% 8.5% 8.3% 7.9% 7.8%
Personnel Costs/Total Operating Costs 45.5% 44.5% 41.4% 45.6% 41.8%
Personnel Costs/Average Total Assets 4.2% 3.8% 3.4% 3.6% 3.2%
Personnel Costs/Total Operating Income 30.9% 27.6% 26.0% 27.3% 24.7%
Net Income/Total Operating Income 23.4% 27.5% 26.4% 28.6% 29.1%
Total Operating Income/Average Assets 13.1% 12.7% 12.6% 12.6% 13.2%
Liquidity
Net Loans/Total Assets 58.9% 60.1% 57.5% 58.3% 57.9%
Liquid Assets/Total Assets 24.1% 24.5% 28.2% 27.4% N.A.
Liquid Assets/Total Deposits 30.7% 31.3% 36.0% 35.0% N.A.
Liquid Assets/Total Liabilities 28.5% 28.4% 33.0% 32.7% N.A.
Total Deposits/Total Assets 82.2% 82.7% 80.7% 79.9% 79.9%
Total Deposits/Total Liabilities 97.3% 95.5% 94.8% 95.4% 94.4%
Interbank Borrowings/Total Deposits 0.0% 3.1% 3.0% 2.5% 3.3%
Gross Loans/Total Assets 63.2% 62.5% 59.9% 60.5% N.A.
Gross Loans/Total Deposits 80.6% 71.8% 76.6% 77.4% N.A.
Interest Earning Assets/Total Assets 85.6% 86.5% 87.2% 87.3% 85.3%
Leverage (Total Liabilities/Equity), Times 5.4 6.4 5.7 5.2 5.5
Asset Quality
NPLs/Gross Loans 8.1% 5.3% 5.5% 7.2% N.A.
NPL Coverage Ratio 53.1% 47.7% 58.8% 39.7% 59.4%
Loan Loss Reserve/Gross Loans 4.3% 2.5% 3.4% 2.9% N.A.
Capital Adequacy
Core Capital/Risk Weighted Assets 23.1% 19.9% 21.3% 18.7% 17.1%
Total Regulatory Capital/Risk Weighted Assets 23.2% 20.7% 22.7% 22.5% 21.0%
NPLs less Provisions/Core Capital 17.0% 15.0% 12.7% 20.2% N.A.
Market Sensitivity
Forex Exposure/Core Capital 0.1% 0.2% 8.1% 0.4% N.A.
Forex Assets/Forex Liabilities 100.0% 100.0% 96.0% 99.9% N.A.