Barclays Bank of Kenya has announced a profit after tax of Ksh. 5.4 billion for the period ended 30th September 2018. The net profit increased from Ksh. 5.3 billion reported in the same period in 2017.
The bank attributed the increase in profit to the growth of net income by 6% to stand at Ksh. 10.5 billion. On the other hand costs increased to Ksh. 16 billion from Ksh. 14 billion in 2017.
Customer deposits grew by 10% to Ksh. 220 billion with transactional accounts constituting 66% of the total deposits. Net customer loans went up up 7% to stand at Ksh. 178 billion.