ASX ANNOUNCEMENT (ASX:KSL) 16 MAY 2017

Kina AGM Trading Update – 16th May 2017

Notwithstanding ongoing efforts to establish USD correspondent banking arrangements, a solution continues to be a challenge with permanent and diverse arrangements not yet established. As a result, and despite ongoing customer demand, the foreign exchange income in 1H17 is expected to be impacted by approximately K10 m.

The core domestic banking business continues to grow strongly with approximately 10% growth in the loan portfolio year to date.

Mr. Isikeli Taureka appointed Chairman

Download link to the copy of this announcement is below:

170516_Kina Trading Update_vFINAL