Barclays profits jump three per cent to ShKes3.88Billion

By Steve UMIDHA On Aug 29, 2019

Barclays Bank of Kenya, operating in the country as ABSA Group Thursday reported a 3.19 per cent increase in net profit to Sh3.88 billion owing to higher income and reduced operational costs.

During the period under review, customer loans and deposits grew six per cent to Sh187 billion and Sh230 billion respectively.

The bank’s total assets grew 12 per cent year on year driven by increased investment in government securities as well as other liquid assets.

Steve UMIDHA 4590 posts 1 comments

Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.

He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.

Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.

He can be reached on: Email: info@financialfortunemedia.com
Cell: +(254)726-879-488

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