Investor Presentaiton
Net Interest Income Performance
300.0
250.0
Slight increase in interest income which was driven by a rise in the loan growth book during the 2019 financial year
200.0
170.3
150.0
Net Interest Income Trend (GHC'million)
257.6
160.5
100 3
97.2
100.0
50.0
70.1
259.8
139.8
120.1
2017
2018
2019
Interest Income
Interest Expense
Net Interest Income
December 2019 results unaudited
Commentary
Although net loan book growth is up 22% from the previous
year, interest income increased slightly by 1%
This was largely driven by a decline in loan yields, some loans
being refinanced at lower rates and the sale of smaller sized
loans
Interest expense increased by 24% during the 2019 financial
year driven by high cost of funds relative to the average in the
market, which in turn pressured NIMS for the year under review
16
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