Annual REPORT

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
NOTES TO THE FINANCIAL STATEMENTS (Continued)
2015 2014
Sh’000
Sh’000
16 LOANS AND ADVANCES TO CUSTOMERS - Group & Bank (Continued)
a) Analysis of gross loans and advances by maturity
Maturing:
Within 1 year 13,813,088 7,432,187
Between 1 and 3 years 13,153,250 10,578,659
After 3 years 30,426,714 21,246,577
__________ __________
Loans and advances to customers 57,393,052 39,257,423
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The related party transactions and balances are covered under note 34 and concentration of advances to customers is covered
under note 4.
The weighted average effective interest rate on advances to customers at 31 December 2015 was 17.61% (2014 – 16.39%).
Included in gross advances of Sh 57,393,052,000 (2014 – Sh 39,257,423,000) are loans and advances amounting to Sh
1,393,019,000 (2014 – Sh 1,091,251,000), net of specific provisions, which have been classified as non-performing (impaired).
Group & Bank
2015 2014
17 IMPAIRMENT LOSSES ON LOANS AND ADVANCES Sh’000 Sh’000
At 1 January 1,331,947 988,779
Increase in impairment allowances 211,875 389,944
Amounts written off during the year as uncollectible (4,652) (46,776)
_________ _________
1,539,170 1,331,947
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18 (a) CORPORATE BONDS - HELD TO MATURITY – Group & Bank
At amortised cost:
a) Corporate Bonds
Kenya Electricity Generating Company Limited 95,522 117,935
Shelter Afrique 424,499 -
Britam Holdings Limited 416,389 436,895
__________ _________
936,410 554,830
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The maturity profile of corporate bonds is as follows:
Within 1 year 95,522 436,895
Maturing 1 to 5 years 840,888 -
Maturing after 5 years - 117,935
_________ _________
936,410 554,830
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