(Last Updated On: March 7, 2015)
Barclays Bank of Kenya recorded a 10 percent growth in net profit for the year ended December 2014. Net profit stood at Ksh8.3 billion as compared to Ksh7.6 billion a year earlier.
Shareholders will get to enjoy a rise in dividend from ksh0.7 to Ksh1 per share. Reduced costs after employee retrenchment helped the bank. Loan book grew by 5.9% to stand at Ksh125.4 billion hence leading to rise in interest income by 7.7% to Ksh22.9 billion.
Interest expenses rose by 36.9% while the customer deposits rose by Ksh13.6 billion to stand at Ksh164.7 billion. Operating costs remained at ksh16 billion.