Kenya`s largest lender KCB by market share group's deposits stand at Sh436.8 billion a seven percent drop from Sh471 billion in 2015.
According to KCB CEO Josh Oigara, the drop can be attributed to the devaluation of South Sudan's currency.
“Pressure on South Sudan`s pound has continued to grow since 2015 December when the currency was floated.There has been continued resilience in other six markets that the bank operates in," said Oigara.
The group's total assets also declined from Sh607.25 billion in September 2015 to Sh570.10 billion this year.
“Loans processed through mobile phones is at 80,000 a day as of September, The success of our mobile platforms has enabled the bank to process up to 91 per cent of total loan transactions in the past nine months,” said Oigara.
KCB has operations in Kenya, Uganda, Tanzania, Burundi and Rwanda.
The lender's provisions for bad debt dropped 11 per cent from Sh3.8 billion to Sh3.4 billion helped by enhanced recoveries, upgrades and credit processes.