Barclays Bank Kenya has announced half year net profit of Ksh. 3.8 Billion for the period ended 30th June 2018. This is an increase of 6% compared to a similar period last year when a net profit of Ksh. 3.5 Billion was posted.
During the period, total income increased by 5% to Kshs 15.7 billion while net interest income increased by 4%. Customer deposits grew by 15% to stand at Kshs.217 billion with transactional accounts constituting 66% of the total deposits.
Net customer loans were up 8% to stand at Kshs.176 billion driven by key focus products namely Scheme Loans, General lending, trade and Mortgages that recorded strong year on year growth. Investment in Government securities & dealing securities book increased by 62% to Ksh. 93 Billion.
The Board of Directors have recommended an interim dividend of Ksh. 0.20 per ordinary share. It will be paid by Friday October 12 2018.