Barclays Bank Kenya records positive results in half year  period registering  6pc to Sh.3.8b

Barclays Bank Kenya records positive results in half year period registering 6pc to Sh.3.8b

BY JOAN WANJIKU,NAIROBI,14TH AUG 2018-Barclays Bank of Kenya has reported growth of 6 per cent compared to a similar period last year for the period ended 30th June 2018. The growth signifies a profit after tax of Sh3.8 billion.

During the period in review, total income increased by 5 per cent to Sh15.7 billion while net interest income posted a 4 per cent increase mainly driven by growth in government securities book which grew by 62 per cent.

Customer loans were up 8 per cent to close at Sh176 billion driven by Scheme Loans, General lending, trade and Mortgages.

During the same period, customer deposits grew by 15pc to Sh217 billion with transactional accounts constituting 66pc of the total deposits.

The Bank’s average loan loss ratio stood at 2pc from 1.7pc in 2017 while Net Non-Performing Loans ratio grew to 3.2pc from 2.3pc in 2017

 

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