Total Assets increased by 4.70% from Ksh. 259.4 billion in 2016 to Ksh. 271.7 billion. This may be attributed to the increased investments in Kenya Government securities.
The total interest income decreased by 3.40% from Ksh. 28.1 billion in 2016 to Ksh. 27.1 billion owing to the flat growth of loans and advances to customers.
The implementation of the interest rate cap compressed the bank’s margins resulting in a decline in revenue. Thus the profit before tax also decreased by 4.44% from Ksh. 10.44 billion in 2016 to Ksh. 10.05 billion.