Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Barclays Kenya's 9-month pre-tax profit edges down 2 pct

22 November 2013, 11:14

Nairobi - Barclays Bank of Kenya has posted a 2 percent decline in nine-month pretax profit to 9.10 billion shillings ($105.5 million), curbed by a fall in non-interest income.

The lender, which is controlled by Britain's Barclays , bucked the trend among big banks in the country, who have posted single- to double-digit growth in earnings for the period.

The increased profitability for the other banks was mainly driven by a drop in interest rates, which boosted demand for loans and cut interest expenses on deposits, as well as good performances in regional subsidiaries such as Rwanda.

Barclays Kenya said in a statement on Friday its net interest income went up by 4 percent to 14.04 billion shillings but the gain was offset by a 2 percent fall in non-interest income and a slight jump in costs.

Earnings per share inched up to 1.15 shillings from 1.03 shillings in the year-ago period, the bank said.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...