Barclays Bank Kenya Q1 2014 pretax profit up 16 pct - CNBC Africa

Barclays Bank Kenya Q1 2014 pretax profit up 16 pct

Earnings

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Barclays Bank Kenya Q1 2014 pretax profit up 16 pct

The result was helped by growth in its interest income.

The bank, a unit of Barclays Plc, said in a statement its net interest income - total interest minus interest expenses - rose to 4.76 billion shillings from 4.52 billion shillings, driven by higher lending to customers.

Its net loans and advances to customers rose to 116.78 billion shillings in the period ended March from 108.21 shillings, while earnings per share rose to 0.36 shillings from 0.31 shillings.

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