BARCLAYS BANK OF KENYA LIMITED FINANCIAL STATEMENTS

The Board of Directors of Barclays Bank of Kenya Limited is pleased to announce the unaudited group results for the period ended 30 June 2017
Bank Group June December March June
2016 2016 2017 2017
June December March June June December March June
Shs '000 Shs '000 Shs '000 Shs '000
2016 2016 2017 2017 2016 2016 2017 2017 III OTHER DISCLOSURES
Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Unaudited Audited Unaudited Unaudited
I STATEMENT OF FINANCIAL POSITION Unaudited Audited Unaudited Unaudited Unaudited Audited Unaudited Unaudited

1) Non-performing loans and advances

A ASSETS
a) Gross non-performing loans and advances 8,764,640 11,472,301 11,713,284 11,999,105
1 Cash balances (both local and foreign) 3,605,575 5,033,498 4,057,366 4,769,926 3,605,575 5,033,498 4,057,366 4,769,926
b) Less: Interest in suspense 2,211,200 2,689,552 2,949,784 3,233,288
2 Balances due from Central Bank of Kenya 19,493,837 8,344,546 15,649,022 12,682,674 19,493,837 8,344,546 15,649,022 12,682,674
c) Total non performing loans and advances 6,553,440 8,782,749 8,763,500 8,765,817
3 Kenya Government and other securities held for dealing purposes 7,339,521 7,345,499 5,504,415 4,819,678 7,339,521 7,345,499 5,504,415 4,819,678
d) less: loan loss provisions 3,849,515 5,149,446 5,377,473 4,980,517
4 Financial Assets at fair value through profit and loss - - - - - - - -
e) Net non performing loans(c-d) 2,703,925 3,633,303 3,386,027 3,785,300
a) Investment Securities: - - - - - - - -
f) Discounted value of securities 957,527 1,786,209 1,684,882 865,724
Held to Maturity: - - - - - - - -
g) Net NPLs (Excess) / Exposure (e-f) 1,746,398 1,847,094 1,701,145 2,919,576
a. Kenya Government securities - - - - - - - -
2) Insider loans and advances -
b. Other securities - - - - - - - -
a) Directors, shareholders and associates 47,914 46,887 46,346 45,855
b) Available for sale: 47,569,434 48,698,795 44,019,539 52,649,364 47,569,434 48,698,795 44,019,539 52,649,364
b) Employees 13,482,054 13,013,190 12,839,489 12,526,856
a. Kenya Government securities 47,225,521 48,698,795 44,019,539 52,649,364 47,225,521 48,698,795 44,019,539 52,649,364
c) Total insider loans and advances 13,529,968 13,060,077 12,885,835 12,572,711
b. Other securities 343,913 - - - 343,913 - - -
6
3) Off Balance sheet items -
Deposits and balances due from local banking Institutions 1,600,000 - - 1,500,000 1,600,000 - - 1,500,000
7
a) Letters of credit ,guarantees, acceptances 34,758,627 29,277,167 28,765,378 27,411,100
Deposits and balances due from banking Institutions abroad 405,909 218,530 1,391,618 8,509,947 405,909 218,530 1,391,618 8,509,947
8
b) Forwards, swaps and options 9,925,218 12,553,578 38,958,537 37,014,721
Tax recoverable - - - 187,176 - 23,743 - 189,048
9
c) Other contingent liabilities - - - -
Loans and advances to customers(net) 153,304,211 168,509,529 168,701,793 163,782,554 153,304,212 168,509,529 168,701,793 163,782,554
10 Balances due from banking institutions in the group 6,130,352 5,568,202 5,224,124 3,884,354 6,130,352 5,971,491 5,224,124 3,884,354
Total Contingent liabilities 44,683,845 41,830,745 67,723,915 64,425,821
11 Investment in Associates - - - - - - - -
4) Capital Strength
12 Investment in Subsidiary Companies 275,678 262,512 262,512 362,512 - - - -
a) Core capital 37,068,129 37,617,089 38,447,311 38,230,413
13 Investment in joint Ventures - - - - - - - -
b) Minimum statutory capital 1,000,000 1,000,000 1,000,000 1,000,000
14 Investment properties - - - - - - - -
c) Excess / (Defeciency) 36,068,129 36,617,089 37,447,311 37,230,413
15 Property and equipment 3,351,384 3,080,831 3,164,236 3,063,790 3,351,384 3,080,831 3,164,236 3,063,790
d) Supplementary capital 5,048,135 5,128,461 5,154,788 5,187,256
16 Prepaid Operating Rental Leases 56,329 55,329 55,329 55,329 56,329 55,329 55,329 55,329 e) Total capital 42,116,264 42,745,550 43,602,099 43,417,669
17 Intangible assets 1,710,063 1,567,256 1,433,813 1,322,365 1,710,063 1,592,256 1,458,813 1,347,365 f) Total risk weighted assets 234,234,960 239,299,450 244,638,261 243,694,770
18 Deferred Tax 463,824 614,632 628,658 517,986 463,824 618,889 634,570 524,644 g) Core capital / total deposit liabilities 20.3% 21.1% 21.4% 20.3%
19 Retirement Benefit Asset 268,942 65,328 89,425 169,923 268,942 65,328 89,425 169,923 h) Minimum statutory ratio 8.0% 8.0% 8.0% 8.0%
20 Other assets
i) Excess / (Defeciency) 12.3% 13.1% 13.4% 12.3%
10,567,511 10,133,736 10,247,603 9,737,969 10,842,843 10,133,748 10,838,447 10,238,252
j) Core capital / total risk weighted assets 15.8% 15.7% 15.7% 15.7%
k) Minimum statutory ratio 10.5% 10.5% 10.5% 10.5%
21 TOTAL ASSET 256,142,570 259,498,223 260,429,453 268,015,547 256,142,225 259,692,012 260,788,697 268,186,848
l) Excess / (Defeciency) 5.3% 5.2% 5.2% 5.2%
m) Total capital / total risk weighted assets 18.0% 17.9% 17.8% 17.8%
B LIABILITIES
n) Minimum statutory ratio 14.5% 14.5% 14.5% 14.5%
22 Balances due to Central Bank of Kenya - - - - - - - -
o) Excess / (Defeciency) 3.5% 3.4% 3.3% 3.3%
23 Customers' deposits 182,875,680 178,447,777 181,803,911 189,020,234 182,875,680 178,179,795 181,535,911 188,652,234
5 Liquidity
24 Deposits and balances due to Banking institutions (Local) - 3,000,000 - 3,201,182 - 3,000,000 - 3,201,182
a) Liquidity ratio 36.6% 28.3% 29.6% 36.1%
25 Deposits and balances due to Banking institutions (Foreign) 163,145 263,679 1,667,191 792,802 163,145 263,679 1,667,191 792,802
b) Minimum statutory ratio 20.0% 20.0% 20.0% 20.0%
26 Other money market deposits - - - - - - - -
c) Excess / (Defeciency) 16.6% 8.3% 9.6% 16.1%
27 Borrowed Funds - - - - - - - -
28 Balances due to banking institutions in the group 23,201,804 24,895,103 22,182,392 21,575,265 23,201,805 24,895,103 22,182,392 21,575,265
29 Tax payable
Message from the Directors:
536,137 375,119 967,216 - 536,137 504,047 1,117,515 -
30 Dividends payable 1,086,307 - - 1,086,307 1,086,307 - - 1,086,307
The Board of Directors of Barclays Bank of Kenya Limited have resolved to declare an interim dividend for the year
31 Deferred tax liability - - - - - - - - 2017 of Shs 0.20 per ordinary share of the Company to be paid on or about Friday, 13 October, 2017 to shareholders
32 Retirement Benefit Liability - - - - - - - - registered at close of business on Friday, 8 September, 2017.
33 Other liabilities 9,175,913 10,421,835 10,156,645 12,002,223 9,175,914 10,461,146 10,238,651 12,092,329
These financial statements are extracts from the books of the institution.The complete quarterly financial
34 Total liabilities 217,038,986 217,403,513 216,777,355 227,678,013 217,038,988 217,303,770 216,741,660 227,400,119
staments,statutory and qualitative disclosures can be accessed on the institutions website www.barclays.co.ke.
C SHAREHOLDERS' FUNDS
35 Paid up / Assigned capital 2,715,768 2,715,768 2,715,768 2,715,768 2,715,768 2,715,768 2,715,768 2,715,768 They may also be accessed at the instituions Head office at The West End Building, Waiyaki way.
36 Share premium / (discount) - - - - - - - -
37 Revaluation reserves (218,880) (152,158) (150,183) 228,308 (218,880) (152,158) (150,183) 228,308 They were approved by the board on Monday, 14 August 2017 and signed on its behalf by:
38 Retained earnings / (Accumulated losses) 36,373,461 34,901,321 36,555,623 37,208,133 36,373,114 35,194,853 36,950,562 37,657,328
39 Statutory loan loss reserve - - - - - - - -
40 Other reserves 233,235 284,550 185,661 185,325 233,235 284,550 185,661 185,325 Chairman Managing Director
41 Proposed dividend - 4,345,229 4,345,229 - - 4,345,229 4,345,229 - Charles Muchene Jeremy Awori
42 Capital Grants - - - - - - - -
43 Total shareholders' funds 39,103,584 42,094,710 43,652,098 40,337,534 39,103,237 42,388,242 44,047,037 40,786,729
44 Total liabilities and total shareholders funds 256,142,570 259,498,223 260,429,453 268,015,547 256,142,225 259,692,012 260,788,697 268,186,848

II STATEMENT OF COMPREHENSIVE INCOME

1 INTEREST INCOME
1.1 Loans and advances to customers 10,177,970 20,617,217 5,085,563 10,487,314 10,177,970 20,617,217 5,085,563 10,487,314
1.2 Government securities 2,573,410 5,587,158 1,289,394 2,586,698 2,573,410 5,587,158 1,289,394 2,586,698
1.3 Deposits and placements with banking institutions 86,484 151,130 19,949 49,127 86,484 151,130 19,949 49,127
1.4 Other interest income 1,065,593 1,765,684 7,309 13,674 1,065,593 1,765,684 7,309 13,674
1.5 Total interest income 13,903,457 28,121,189 6,402,215 13,136,813 13,903,457 28,121,189 6,402,215 13,136,813

2 INTEREST EXPENSES
2.1 Customer deposits 2,209,507 4,551,312 1,161,877 2,316,338 2,209,507 4,551,312 1,161,877 2,316,338
2.2 Deposits and placements with banking institutions 273,494 589,048 205,486 276,375 273,494 589,048 205,486 276,375
2.3 Other interest expenses 323,335 646,598 - - 323,335 646,598 - -
2.4 Total interest expenses 2,806,336 5,786,958 1,367,363 2,592,713 2,806,336 5,786,958 1,367,363 2,592,713
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3 NET INTEREST INCOME 11,097,121 22,334,231 5,034,852 10,544,100 11,097,121 22,334,231 5,034,852 10,544,100

4 NON - INTEREST INCOME

4.1 Fees and commissions income on loans & Advances 828,135 958,951 163,704 322,464 828,135 958,951 163,704 322,464
4.2 Other fees and commissions 2,522,595 4,318,678 1,120,414 2,118,664 2,522,595 4,811,540 1,294,413 2,390,961
4.3 Foreign exchange trading income 1,348,595 2,620,337 805,170 1,480,233 1,348,595 2,620,337 805,170 1,480,233
4.4 Dividend income - - - - - - - -
4.5 Other income 438,572 959,053 106,982 191,860 438,572 959,053 106,982 200,818
4.6 Total non-interest income 5,137,897 8,857,019 2,196,270 4,113,221 5,137,897 9,349,881 2,370,269 4,394,476
5 Total operating income 16,235,018 31,191,250 7,231,122 14,657,321 16,235,018 31,684,112 7,405,121 14,938,576

6 OPERATING EXPENSES
6.1 Loan loss provision 2,009,443 3,927,137 774,707 1,353,470 2,009,443 3,927,137 774,707 1,353,470
6.2 Staff costs 4,875,849 9,661,728 2,435,599 5,073,526 4,875,849 9,729,330 2,460,528 5,123,834
6.3 Directors emoluments 65,324 107,859 32,196 68,950 65,324 107,859 32,196 68,950
6.4 Rental charge 643,241 1,307,165 300,427 627,406 643,241 1,309,268 303,285 632,688
6.5 Depreciation on property and equipment 308,805 664,921 191,825 398,001 308,805 664,921 191,825 398,001
6.6 Amortisation charges 280,066 526,244 122,413 245,733 280,066 526,244 122,413 245,733
6.7 Other operating expenses 2,229,166 4,556,510 998,960 1,960,444 2,229,166 4,566,946 1,000,304 1,963,733
7 Total operating expenses 10,411,894 20,751,564 4,856,127 9,727,530 10,411,894 20,831,705 4,885,258 9,786,409
Profit before tax and exceptional items 5,823,124 10,439,686 2,374,995 4,929,791 5,823,124 10,852,407 2,519,863 5,152,167
8 Exceptional items - - - - -
9 Profit after exceptional items 5,823,124 10,439,686 2,374,995 4,929,791 5,823,124 10,852,407 2,519,863 5,152,167
10 Current tax (1,953,910) (3,663,466) (765,600) (1,633,122) (1,953,910) (3,792,394) (810,715) (1,702,235)
11 Deferred tax 217,475 335,126 38,765 90,305 217,475 339,383 40,420 92,706
12 Profit after tax and exceptional items 4,086,689 7,111,346 1,648,160 3,386,974 4,086,689 7,399,396 1,749,568 3,542,638

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 1,062,039 1,157,356 2,820 543,523 1,062,039 1,157,356 2,820 543,523
13.3 Revaluation surplus on Property,plant and equipment - - -
13.4 Share of other comprehensive income of associates - - -
13.5 Income tax relating to components of other comprehensive income (318,612) (347,207) (846) (163,057) (318,612) (347,207) (846) (163,057)
14 Other Comprehensive Income for the year net of tax 743,427 810,149 1,974 380,466 743,427 810,149 1,974 380,466
15 Total comprehensive income for the year 4,830,116 7,921,495 1,650,134 3,767,440 4,830,116 8,209,545 1,751,542 3,923,104

Earnings per Share (Shs) 0.75 1.31 0.30 0.62 0.75 1.36 0.32 0.65
Dividends per share (Shs) 0.20 1.00 - 0.20 0.20 1.00 - 0.20
Barclays Bank Kenya Limited is regulated by the Central Bank of Kenya | Terms and conditions apply

Barclays Bank Kenya Limited is regulated by the Central Bank of Kenya