Page 14 - SACCOStar Mag Vol 46 Press_txt.pdf
P. 14
SACCO NEWS
KENYA POLICE SACCO
REPORTS IMPRESSIVE GROWTH IN ASSETS
?:?D?ES?s
Former Inspector General of Police Mr. Joseph Boinnet receives a gift from the CS Internal security Dr.
Fred Matiang’i. Looking on is the SACCO National Chairman Mr. David Mategwa. In the background is
Deputy Inspector General Kenya Police Mr. Edward Mbugua and SACCO CEO Mr. Solomon Atsiaya .
*iant Kenya Police SACCO’s growth curve is headed in the right Geared towards boosting the saving morale of its
direction with overall assets reported to hit a stunning Kshs members, the more than 60,000 member Society feted
AHKKHNM HM QDOQDRDMSHMF
FQNVSG EQNL *RGR HSR ADRS R@UDQR HM CH?DQDMS B@SDFNQHDR NE LDLADQRGHO
24.2 billion in 2017. This saw a total of nine members recognized in 2018.
3GHR V@R QDBNQCDC HM SGD ?M@MBH@K QDONQS CTQHMF SGD 2NBHDSXrR %TQSGDQ QDUDMTDR FQDV AX
SN QD@BG @M @KK
Annual Delegates Meeting (ADM) held at Nairobi’s Intercontinental SHLD GHFG NE *RGR
AHKKHNM CTQHMF SGD XD@Q TMCDQ
Hotel. Speaking during the event, the institution’s national chairman QDUHDV EQNL *RGR
AHKKHNM HM
"NMRDPTDMSKX
Mr. David Mategwa pinned the laudable performance to the prudential the investment arm of the Society recorded growth
leadership of the Society’s management team. Further, the milestone NE LDLADQRGHO SN VHSG SGD RG@QDGNKCDQRr ETMCR
@BGHDUDLDMS NE (2. PT@KHSX L@M@FDLDMS RS@MC@QC @KRN rising to Kshs 122 million from Kshs 93 million in 2017.
OQNKHEDQ@SDCSGDBTQQDMS?M@MBH@KQDRTKSR
“We achieved this through our able team, who remained proactive
HM RDQUHBD CDKHUDQX SN NTQ LDLADQR OQNUHCDC ?M@MBH@K RNKTSHNMR @MC
QDL@HMDC RSD@CE@RS HM DMRTQHMF @M @?@AKD VNQJHMF DMUHQNMLDMS SN @KK
our customers,” Mategwa said.
Deposits increased to stand at Kshs 17 billion from Kshs 14.6 billion
HMQDOQDRDMSHMF@FQNVSGNE
"NQDB@OHS@KHMBQD@RDCEQNL
Kshs 69 million in 2017 to Kshs 101 million in 2018. Further, the loan
portfolio grew to Kshs 24 billion in 2018 from Kshs 20 billion in 2017,
@MHMBQDLDMSNE
“I challenge you dear members to enhance your savings to bridge the Chief guest Cabinet Secretary, Internal Security Dr. Fred
gap between our deposit portfolio, which has over the years trailed Matiang’i giving his remarks during Kenya Police SACCO
behind the loan portfolio,” he urged.
Annual Delegates Meeting (ADM)
12| SACCO Star Magazine
