In an election year characterized by relatively weak GDP growth and significant uncertainty, our 2016 financial results reflected resilience. Our growth in most metrics was better than industry outturns with good
progress recorded in loan growth, deposit growth, credit quality, capital growth, liquidity management and cost management.
Despite a relatively higher operational and credit risk environment, we recorded the highest level of net profits in the history of the Bank. This was largely driven by strong growth in net interest income and improvement in credit risk management efforts that yielded a lower cost of risk and superior credit provision buffers.