CO-OP BANK GROUP
FIRST HALF 2009 FINANCIAL RESULTS
INVESTOR AND MEDIA PRESENTATION
GIDEON MURIUKI - OGW
GROUP MANAGING DIRECTOR & CEO
19th AUGUST 2009
Half Year Financial Results
Co-op Bank is pleased to report a
remarkable Profit before Tax of
Kshs.1.94 billion for the period
ended 30TH June 2009 representing
a commendable 16% growth
compared to Kshs.1.68 billion
recorded during the same period in
year 2008.
Half Year Financial Results
Balance Sheet
30-Jun-09
KSHS
((000)
30-Jun-08
KSHS
(000)
% Change
Total Assets
92,702,931
72,073,635
29%
Loan Book
56,677,272
43,404,264
31%
Total Deposits
74,205,539
59,066,266
26%
Shareholders Funds
14,711,343
7,541,428
95%
Core Capital
13,346,661
6,557,701
51%
Half Year Financial Results
Income Statement
30-Jun-09
KSHS
(000)
30-Jun-08
KSHS
(000)
% Change
Net Interest Income
3,115,404
2,496,950
25%
Non Interest Income
2,042,721
2,220,980
-8%
Total Income
5,158,125
4,717,930
9%
Operating expenses
3,215,450
3,042,636
6%
Profit before Tax
1,942,675
1,675,294
16%
Half Year Financial Results
Sustainable Profitability
0.10
0.36
0.71
1.3
2.3
3.4
1.94
0.18
-
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
20022003200420052006200720082009(Halfyear)YEAR
PBT (Kshs billion)
Share Structure
Category
No. of
shareholders
No. of shares
%
Kenyan individual investors
110,788
939,112,300
26.89%
Kenyan institutional investors
5,314
2,552,051,600
73.07%
East African individual investors
27
275,300
0.01%
East African institutional investors
4
6,000
0.00%
Foreign investors
67
924,700
0.03%
Total
116,200
3,492,369,900 100.00%
Share Structure
The shareholding profile depicts a largely held
institutional share a demonstration of
commitment by long term investors.
This commitment is further re-assured by our
unique governance structure with a lock in for:
The strategic investor by the Co-op
Movement through Co-opholdings Co-
operative Society Ltd of 64.4% (locked in
for a minimum of 5 years)
Staff and Directors 7.12% (locked in for 2
years)
Key Strategies
Co-op bank has managed to o