Saturday, February 12, 2005

Barclays: Still Super-Profitable

Barclays Bank Kenya announced profits this week, and in 2004 their profits increased to Kshs. 3.7 billion, up from 3.3 billion in 2003. Looking though the number, loans increased from 56 to 63 billion and deposits increased from 77 to 80 billion. However with income remaining flat at 13 billion, the main source of profits appears to be from a 40% reduction in staff costs - from 3.1 billion in 2003 to Kshs. 1.9 billion in 2004. Still shareholders will not be complaining when they convene at KICC on April 8th for the Bank’s AGM where they will be asked to approve a dividend payment of 11 shillings per share.


Anonymous said...

What about the bank fees

bankelele said...
This comment has been removed by a blog administrator.
bankelele said...

Bank fees and commissions accounted for 5 billion of their income, same as in 2000 (an increase of only 33 million)


Related Posts with Thumbnails