The country’s credit-to-GDP ratio of 63.6 percent as of Q2 2017 is still one of the lowest by far in Asia. Asset quality is satisfactory as the industry non-performing loans ratio further improved to 1.9 percent, coupled with banks’ prudent provisioning for credit losses. Meanwhile, banks maintained ample buffer of high-quality liquid assets and capital that collectively protect the system against shocks.
The bank returned a profit before tax of Ksh.568.4 million for the year ended December 2012. This impressive performance of Bank of India is consistent with the continued commendable performance of Kenya’s banking industry. Ladies and gentlemen: The banking sector and the totality of the financial sector is very important to the economy.