Operating profit before provision for taxation   

259,147,659

185,367,401

       Adjustments for:

       Depreciation

       Interest income received on surplus funds

       Income from Tana Building investment

       Prior year adjustment

15,841,137

(20,582,225)

(1,540,686)

        15,863

14,775,353

(13,950,849)

(1,334,477)

         -        .

252,881,748

184,857,428

    (Increase) in items in course of collection

(81,122,370)

(31,090,028)

    (Increase) in other assets

(46,181,512)

(31,627,830)

( Increase) in loans and advances to customers

(808,740,363)

(919,630,812)

    Increase in demand deposits

321,835,047

246,060,486

    Increase in saving deposits

499,609,117

446,199,045

    Increase in fixed deposits

347,500,287

166,336,409

    Increase in margin held on letters of credit

9,107,717

32,790,746

    Increase in other liabilities

138,863,165

  66,497,791

633,752,836

160,393,235

    Income taxes paid

(51,777,613)

(26,447,616)

  Net cash inflow from operating activities

581,975,223

133,945,619

(57,383,444)

(29,972,560)

    Disposal of fixed assets

4,275,370

976,324

    Investment

(584,000)

         -

    Returns from:

    Interest income received on surplus funds

20,582,225

13,950,849

    Income from Tana Building investment

     1,540,686

    1,334,477

 Net cash (used in) received from investing activities

(31,569,163)

(13,710,910)

    Proceeds from issuance of share capital

46,020,000

56,190,000

    Dividends paid

(75,000,000)

(46,000,000)

    Directors bonus

17

      (420,000)

    (790,000)

Net cash received from (used in) financing activities

(29,400,000)

   9,400,000

Net increase in cash and cash equivalents

521,006,060

129,634,709

Cash and cash equivalents, opening balance

1,149,885,826

1,020,251,117

Cash and cash equivalents, closing balance

1,670,891,886

1,149,885,826