Barclays Bank of Kenya’s H1 pretax profit down 12 pct to Ksh5.15Bn

Barclays Bank of Kenya (BBK) has posted a 12 percent decline in pretax profit to Ksh 5.15 Billion shillings in the first half of the year.

BBK attributed the decline to a drop in its interest income which declined by KSh766 million in the period under review to KSh 13.1billion from KSh13.9 billion recorded same period last year.

It posted KSh3.5 billion in net profit in the period ended June 30, 2017, compared to KSh4 billion same period last year.

Non Interest income had a14 percent decline KSh4.3billion from KSh5.1 billion same period last year.

Loans and advances went up 6 percent to KSh163.7 billion up from KSh153.3 billion. While customer deposits recorded KSh188.6 billion up from KSh182.8 billion.

Total Assets stand at KSh268 billion.

The board of directors has resolved to declare an interim dividend of for the year 2017 of KSh0.20 per ordinary share of the company to be paid on or about Friday, 13 October 2017.