Barclays Bank Records Pretax Profit Hits Ksh 12.3 Billion

This was achieved on the back of a 4 percent increase in its net interest income to 19.6 billion shillings.

 

In 2014, Barclays’ lending increased by 6 percent to 125.4 billion shillings.

 

Barclays Bank’s Managing Director Dr. Jeremy Awori said the bank is now focusing on small and medium-sized enterprises with specialised products such as Bancassurance to grow its business.

 

“Multi-national banks have not in the past been able to sell Bancassurance or insurance products through their networks and some other local banks have been able to do so and we see there is significant room in the future to sell that and we see we have an opportunity to grow it faster," said the MD.

 

By Wangui Ngechu

 

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