CfC Holdings’ profit after tax for 12 months to December 2015 dropped 13.71 per cent to Sh4.91 billion from Sh5.69 billion the previous year.
The financial services firm’s net earnings were hurt by non-interest income that contracted 9.16 per cent to Sh7.64 billion from Sh8.41 billion in 2014.
In the results announced on Wednesday evening, net earnings from interest rose to Sh9.30 billion from Sh8.36 billion, a growth of Sh940 million.
During the review period, the group’s loans reached Sh128.16 billion, which is Sh26.95 billion more than the Sh101.21 billion it posted in 2014.
Deposits hit Sh153.67 billion from Sh129.41 billion previously.
The company proposed a final dividend payout of Sh5.40 bringing the total payout to Sh6.15 per share, unchanged from last year, having paid Sh0.75 earlier.
South Africa’s Standard Group owns more than 60 per cent of the company.