Investor Presentaiton

High costs, liquidity requirements and contracting constraints limit extension and restrict term 43% 10% 1% 46% Cash and Banks Securities Net credit Other Assets of the banking system (2014) Banks • Very high cash: 46%, not intermediated • Loan-deposit ratio: 59% (low by international banking standards). • High NPL ratio: over 8% for most (5% average for Sub-Saharan Africa) • Average bank cost to income ratio of 74% MFIS and SACCOS • MFIS and SACCOS' PAR30 12.4% (maximum standard 5%). • MFIs average: 2% (understated) • SACCOS average: 24.7%

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