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Barclays Kenya says Q1 pretax profit up 6 pct

31 May 2013, 15:07 George Obulutsa

Nairobi - Barclays Bank of Kenya on Thursday reported a 6 percent rise in first quarter pretax profit to KES 3.1 billion ($36.49 million), despite a dip in interest income that was cushioned by reduced operating expenses.

Total interest income dipped slightly to KES 5.14 billion from KES 5.18 billion in first quarter of this year, but operating costs fell 2 percent to KES 3.67 billion, the bank said in a statement.

($1 = 84.9500 Kenyan shillings)

- Reuters

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