Barclays Bank
Barclays Q3 Pretax Profit Grows Marginally by 4%
Barclays Bank of Kenya Ltd. Pretax profit for the nine months ended September rose marginally to 4.22% to stand at Ksh.6.63 billion from Ksh.6.36 billion the same period in 2008. The bank’s earnings per share for the period rose to Ksh.3.4 from Ksh.3.2 the previous year.
Customer deposits dropped to Ksh.123 billion from Ksh.132 billion in 2008. Similarly, the bank’s loans and advances to customers reduced during the nine months by 9.7% to Ksh.96 billion. The bank also halved its loan loss provisions to Ksh.545 million from Ksh1.18 billion the previously period.
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