(Last Updated On: August 18, 2015)
Barclays Bank Kenya reported an 8% rise in half year net profit due to an increase in non-interest income. Net profit stood at Ksh4.6 billion up from Ksh4.2 billion.
Non interest income grew by 12% too stand at Ksh4.8 billion. This is due to new products such as bancassurance, mortgage and asset finance and lastly the re-introduction of ATM fees. Interest income grew by 4% to Ksh10 billion while assets grew by 10% to Ksh235 billion.
Customer deposits grew by 10% to Ksh 163 billion . An interim dividend of 20 cents was declared.