3,106,403 4,725,484 3,106,403 4,725,484 Deposits and balances due from banking institutions abroad

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1 DIAMOND TRUST BANK KENYA LIMITED AUDITED GROUP AND BANK RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 GROUP BANK STATEMENT OF FINANCIAL POSITION Dec Dec Dec Dec Shs 000 Shs 000 Shs 000 Shs 000 Audited Audited Audited Audited ASSETS Cash (both local and foreign) 4,325,186 4,209,824 2,208,872 2,506,750 Balances due from Central Banks 22,024,966 11,699,981 12,369,273 5,251,082 Kenya Government and other securities held for dealing purposes Investment Securities: (a) Held to Maturity: a. Kenya Government securities 34,310,709 22,725,437 34,310,709 22,725,437 b. Other securities 12,756,206 12,375, (b) At Fair Value: a. Kenya Government securities b. Other securities Deposits and balances due from local banking institutions 3,106,403 4,725,484 3,106,403 4,725,484 Deposits and balances due from banking institutions abroad 6,911,078 8,975,966 1,867,334 2,688,000 Income tax recoverable 6,206 33, Loans and advances to customers (net) 177,544, ,654, ,817,859 94,059,260 Balances due from group companies , ,906 Investments in associate 24,077 14, Investment in subsidiary companies - - 3,392,467 2,295,253 Investments in joint ventures Investment properties Property and equipment 5,618,767 5,272,266 3,996,431 3,841,858 Prepaid lease rentals Intangible assets 595, , , ,303 Goodwill 173, , Deferred tax asset 1,735,405 1,244,078 1,430,461 1,054,439 Retirement benefit asset Other assets 2,475,859 1,848,878 1,834,113 1,386,021 Total Assets 271,608, ,539, ,947, ,175,794 LIABILITIES Balances due to Central Bank of Kenya Customer deposits 194,051, ,955, ,228, ,593,506 Deposits and balances due to local banking institutions 4,447,675 1,662,351 4,447,675 1,662,351 Deposits and balances due to banking institutions abroad 3,958, ,220 3,701, ,868 Other money market deposits Borrowed funds 26,141,690 12,287,227 23,076,632 9,310,392 Balances due to group companies Tax Payable 291, , ,276 91,051 Dividends payable Deferred income tax liability Retirement benefit liability Other liabilities 4,411,306 3,510,043 3,257,684 2,220,212 Total Liabilities 233,303, ,275, ,951, ,391,380 SHAREHOLDERS' EQUITY Paid up capital 968, , , ,440 Share premium 7,294,767 7,294,767 7,294,767 7,294,767 Revaluation reserve (27,970) 132, , ,703 Retained earnings 25,293,925 19,986,040 20,760,865 16,572,440 Statutory loan loss reserve Proposed dividends 605, , , ,064 Capital grants Total Shareholders' Equity 34,134,437 28,963,235 29,996,201 25,784,414 Non controlling interests 4,170,951 3,300, Total Equity 38,305,388 32,263,558 29,996,201 25,784,414 Total Liabilities and Shareholders' Equity 271,608, ,539, ,947, ,175,794 1

2 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 GROUP BANK Dec Dec Dec Dec Shs 000 Shs 000 Shs 000 Shs 000 Audited Audited Audited Audited INTEREST INCOME Loans and advances 21,347,025 17,290,845 15,264,261 11,958,463 Government securities 4,213,348 3,213,953 2,573,450 2,199,023 Deposits and placements with banking institutions 264, , , ,887 Other interest income - - 8,687 10,415 Total interest income 25,825,179 20,808,016 18,033,177 14,275,788 INTEREST EXPENSES Customer deposits 9,674,934 7,542,290 6,674,287 5,089,101 Deposits and placements from banking institutions 222, , , ,874 Other interest expenses 737, , , ,275 Total interest expenses 10,634,972 8,020,415 7,375,985 5,433,250 NET INTEREST INCOME 15,190,207 12,787,601 10,657,192 8,842,538 OTHER OPERATING INCOME Fees and commissions on loans and advances 993, , , ,757 Other fees and commissions income 1,780,830 1,465, , ,414 Foreign exchange trading income 1,763,096 1,361,732 1,060, ,657 Dividend income ,300 36,816 Other income 188, , ,079 44,521 Total Non-Interest Income 4,725,826 3,796,730 2,619,639 2,102,165 TOTAL OPERATING INCOME 19,916,033 16,584,331 13,276,831 10,944,703 OPERATING EXPENSES Loan loss provision 2,178, ,089 1,556, ,380 Staff costs 3,261,135 2,863,885 1,974,328 1,655,516 Directors' emoluments 98,882 87,299 56,257 49,140 Rentals charges 542, , , ,393 Depreciation charge on property and equipment 772, , , ,844 Amortisation charges 213, , , ,611 Other operating expenses 3,282,087 2,881,836 1,765,186 1,637,747 Total operating expenses 10,349,398 8,067,606 6,222,024 4,637,631 Profit before tax and exceptional items 9,566,635 8,516,725 7,054,807 6,307,072 Exceptional items Profit after exceptional items 9,566,635 8,516,725 7,054,807 6,307,072 Share of associate profit after tax (1,443) 4, Profit before tax 9,565,192 8,521,286 7,054,807 6,307,072 Current tax (3,470,859) (2,929,851) (2,637,978) (2,225,447) Deferred tax credit 505, , ,022 70,813 Profit after tax and exceptional items 6,599,806 5,708,430 4,792,851 4,152,438 Non controlling interests 687, , Profit for the year after tax and non controlling interests 5,912,082 5,083,519 4,792,851 4,152,438 2

3 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 GROUP BANK Dec Dec Dec Dec Shs 000 Shs 000 Shs 000 Shs 000 Audited Audited Audited Audited Profit the year 6,599,806 5,708,430 4,792,851 4,152,438 Other comprehensive income Gains from translating the financial statements of foreign operations Fair value changes in equity investment (163,375) (227,790) Other comprehensive income for the year net of tax (163,375) (227,790) - - Total comprehensive income for the year 6,436,431 5,480,640 4,792,851 4,152,438 Earnings per Share (Shs per share) - basic and diluted Dividend per Share (Shs per share) ANNUAL GENERAL MEETING AND DECLARATION OF DIVIDEND Based on the year- end results achieved, the Directors will recommend to the Shareholders at the Annual General Meeting to be held at Laico Regency Hotel, Crystal Ballroom, Nairobi, on 26 May 2016, payment of a first and final dividend of 62.5% (i.e. at the rate of Shs 2.50 per share) for 2015 on the issued and paid-up share capital of Shs 968 million subject to withholding tax, where applicable. For purposes of payment of the dividend, the Share Register of the Bank will be closed from 26 May 2016 to 30 May 2016 both dates inclusive and payment of dividend due to Shareholders on the Register as at the close of business on 30 May 2016, will be made on or about 12 June ISSUE OF BONUS SHARES The directors recommend, subject to regulatory approvals and that of the shareholders, to make a bonus issue in the proportion of 1 new ordinary share for every 10 fully paid up ordinary shares then held, to the shareholders registered at the close of business on 26 May Such new shares will rank pari passu in all respects with the existing shares in the capital of the Bank except for the aforementioned dividends and any further dividend paid prior to the Bonus Issue. By order of the Board Stephen Kodumbe Company Secretary 9 March

4 OTHER DISCLOSURES GROUP BANK (1) NON -PERFORMING LOANS AND ADVANCES Dec Dec Dec Dec Shs 000 Shs 000 Shs 000 Shs 000 Audited Audited Audited Audited (a) Gross non-performing loans and advances 4,914,257 1,803,042 3,656,066 1,199,140 Less (b) Interest in suspense 639, , , ,728 (c) Total Non-Performing Loans and Advances (a-b) 4,274,897 1,603,182 3,269,570 1,068,412 Less (d) Loan loss provisions 2,820,579 1,450,582 2,061,470 1,068,412 (e) Net Non-Performing Loans (c-d) 1,454, ,600 1,208,100 - (f) Discounted Value of Securities 1,454, ,600 1,208,100 - (g) Net NPLs Exposure (e-f) (2) Insider Loans and Advances (a) Directors, shareholders and associates 3,545,443 3,336,839 3,059,775 2,894,935 (b) Employees 1,193, , , ,234 (c) Total Insider Loans and Advances 4,738,523 3,895,972 4,047,897 3,380,169 (3) Off-Balance Sheet Items (a) Letters of credit, guarantees, acceptances 26,673,020 23,932,081 22,523,991 19,335,716 (b) Forwards, swaps, and options 17,944,105 26,990,220 16,489,302 24,112,184 (c) Other contingent liabilities (d) Total Contingent Liabilities 44,617,125 50,922,301 39,013,293 43,447,900 (4) Capital Strength (a) Core Capital 25,420,505 22,245,196 (b) Minimum Statutory Capital 1,000,000 1,000,000 (c) Excess/(Deficiency) 24,420,505 21,245,196 (d) Supplementary capital 4,878,966 2,819,362 (e) Total capital (a+d) 30,299,471 25,064,558 (f) Total risk weighted assets 171,280, ,274,405 (g) Core capital/total deposit liabilities 20.1% 21.8% (h) Minimum Statutory Ratio 8.0% 8.0% (i) Excess/(Deficiency) (g-h) 12.1% 13.8% (j) Core capital/total risk weighted assets 14.8% 16.8% (k) Minimum Statutory Ratio 10.5% 10.5% (l) Excess/(Deficiency) (j-k) 4.3% 6.3% (m) Total capital/total risk weighted assets 17.7% 18.9% (n) Minimum Statutory Ratio 14.5% 14.5% (o) Excess/(Deficiency) (m-n) 3.2% 4.4% (5) Liquidity (a) Liquidity Ratio 39.0% 35.6% (b) Minimum Statutory Ratio 20.0% 20.0% (c) Excess/(Deficiency) (a-b) 19.0% 15.6% MESSAGE FROM DIRECTORS These financial statements are extracts from the books of the institution as audited by PricewaterhouseCoopers and received unqualified opinion. The complete set of audited financial statements, statutory and qualitative disclosures can be accessed on the Institution s website They may also be accessed at the institutions head office located at DTB Centre, Mombasa Road, Nairobi, Kenya. Abdul Samji Chairman Nasim Devji Managing Director 4

5 Consolidated statement of changes in equity for the year ended 31 December 2014 Attributable Share capital Share premium Other reserves Retained earnings Proposed dividend to equity holders of the Bank Non controlling interests Total Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs'000 Shs 000 At start of year 880,400 3,856, ,758 15,477, ,210 20,950,855 2,793,449 23,744,304 Profit for the year ,083,519-5,083, ,911 5,708,430 Other comprehensive income - - (134,838) - - (134,838) (92,952) (227,790) Transfer to retained earnings Transfer of excess depreciation - - (8,566) 8, Deferred tax on transfer of excess depreciation - - 2,570 (2,570) Total comprehensive income - - (140,834) 5,089,515-4,948, ,959 5,480,640 Rights issue 88,040 3,437, ,525,909-3,525,909 Dividends: - Final for 2013 paid (462,210) (462,210) (25,085) (487,295) - Proposed for (581,064) 581, Total transactions with owners, recognised directly in equity 88,040 3,437,869 - (581,064) 118,854 3,063,699 (25,085) 3,038,614 At end of year 968,440 7,294, ,924 19,986, ,064 28,963,235 3,300,323 32,263,558 5

6 Consolidated statement of changes in equity For the year ended 31 December 2015 Attributable Other Proposed to equity holders of the Bank Non controlling interests Share capital Share premium reserves Retained earnings dividend Total Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs'000 Shs 000 At start of year 968,440 7,294, ,924 19,986, ,064 28,963,235 3,300,323 32,263,558 Profit for the year ,912,082-5,912, ,724 6,599,806 Other comprehensive income - - (35,289) - - (35,289) (128,086) (163,375) Transfer of excess depreciation - - (3,593) 3, Deferred tax on transfer of excess depreciation - - 2,515 (2,515) Total comprehensive income - - (36,367) 5,913,160-5,876, ,638 6,436,431 Issue of additional shares to non controlling interests , ,411 Acquisition of interests from non controlling interests in Diamond Trust Bank Tanzania Limited. - - (124,527) - - (124,527) (43,597) (168,124) Dividends: - Final for 2014 paid (581,064) (581,064) (23,824) (604,888) - Proposed for (605,275) 605, Total transactions with owners, recognised directly in equity - - (124,527) (605,275) 24,211 (705,591) 310,990 (394,601) At end of year 968,440 7,294,767 (27,970) 25,293, ,275 34,134,437 4,170,951 38,305,388 6

7 Bank statement of changes in equity for the year ended 31 December 2014 Share Share Other Retained Proposed capital premium reserves earnings dividend Total Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 At start of year 880,400 3,856, ,194 12,995, ,210 18,568,277 Profit for the year ,152,438-4,152,438 Transfer of excess depreciation - - (7,844) 7, Deferred tax on transfer of excess depreciation - - 2,353 (2,353) - - Total comprehensive income - - (5,491) 4,157,929-4,152,438 Rights issue 88,040 3,437, ,525,909 Dividends: - Final for 2013 paid (462,210) (462,210) - Proposed for (581,064) 581,064 - Total transactions with owners, recognised directly in equity 88,040 3,437,869 - (581,064) 118,854 3,063,699 At end of year 968,440 7,294, ,703 16,572, ,064 25,784,414 7

8 Bank statement of changes in equity for the year ended 31 December 2015 Share Share Other Retained Proposed capital premium reserves earnings dividend Total Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 Shs 000 At start of year 968,440 7,294, ,703 16,572, ,064 25,784,414 Profit for the year ,792,851-4,792,851 Other comprehensive income Transfer of excess depreciation - - (2,831) 2, Deferred tax on transfer of excess depreciation - - 1,982 (1,982) - - Total comprehensive income for the year - - (849) 4,793,700-4,792,851 Dividends: - Final for 2014 paid (581,064) (581,064) - Proposed for (605,275) 605,275 - Total transactions with owners, recognised directly in equity (605,275) 24,211 (581,064) At end of year 968,440 7,294, ,854 20,760, ,275 29,996,201 8

9 Statement of cash flows For the year ended 31 December 2015 Cash flows (used in)/from operating activities Group Bank Shs 000 Shs 000 Shs 000 Shs 000 Interest receipts 25,919,313 20,034,467 17,847,128 14,042,357 Interest payments (9,618,526) (7,274,656) (6,302,151) (5,069,207) Net fee and commission receipts 2,773,883 2,318,089 1,417,709 1,214,171 Other income received 1,938,708 1,465,167 1,105, ,470 Recoveries from loans previously written off 27,897 19,879 21,191 14,407 Payments to employees and suppliers (7,031,506) (6,107,063) (4,057,079) (3,569,796) Income tax paid (3,273,623) (2,655,689) (2,489,753) (1,997,139) Cash flows from operating activities before changes in operating assets and liabilities 10,736,146 7,800,194 7,542,929 5,479,263 Changes in operating assets and liabilities: - cash reserve requirement 3,540,248 (2,359,678) 4,998,096 (803,132) - Government securities (11,942,940) (10,621,096) (11,585,272) (4,715,473) - loans and advances to customers (40,504,840) (32,354,776) (33,129,451) (19,201,587) - Balances due from subsidiary companies ,113 81,166 - customer deposits 31,625,351 37,551,985 24,141,052 16,734,921 - other assets (459,844) (172,041) (448,092) (28,072) - other liabilities 1,911, ,066 2,659,083 (79,501) Net cash (used in)/from operating activities (5,094,118) 64,654 (5,746,542) (2,532,415) Cash flows used in investing activities Purchase of property and equipment (1,226,345) (1,210,649) (623,020) (612,910) Purchase of intangible assets - software costs (241,149) (178,241) (189,542) (102,559) Purchase of shares in associate/subsidiary (8,441) - (1,097,214) - Proceeds from sale of property and equipment 47,132 13,030 44,616 10,459 Dividend received ,301 36,816 Net cash used in investing activities (1,428,803) (1,375,860) (1,831,859) (668,194) Cash flows from financing activities Proceeds from borrowings 12,865,300 6,999,370 12,865,300 4,966,500 Repayment of borrowings (867,278) (540,154) (850,332) (530,026) Finance costs (459,844) (178,091) (450,026) (165,267) Net proceeds from rights issue 322,982 3,525,909-3,525,909 Dividends paid to equity holders of the bank (581,064) (462,210) (581,064) (462,210) Dividends paid to non controlling interests (23,824) (25,085) - - Net cash from financing activities 11,256,272 9,319,739 10,983,878 7,334,906 Net increase in cash and cash equivalents 4,733,351 8,008,533 3,405,477 4,134,297 Cash and cash equivalents at start of year 17,777,150 9,569,963 7,997,001 3,862,704 Translation difference (592,014) 198, ,185,136 9,768,617 7,997,001 3,862,704 Cash and cash equivalents at end of year 21,918,487 17,777,150 11,402,478 7,997,001 9

Investment Securities: (a) Held to Maturity:

Investment Securities: (a) Held to Maturity: DIAMOND TRUST BANK KENYA LIMITED AUDITED GROUP AND BANK RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016 GROUP BANK STATEMENT OF FINANCIAL POSITION Dec. 2016 Dec. 2015 Dec. 2016 Dec. 2015 Shs 000 Shs 000 Shs