Barclays Bank (K) reports dip in yearly profits

Thursday February 16, 2012

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Barclays Bank (K) reports dip in yearly profits...

Barclays Bank (K) has declared a drop in profit before tax of 11 percent, from 13.5 billion shillings in December 2010 to 12.01 billion in December 2011.The bank’s managing director Adan Mohammed pegged the drop on a high interest rate coupled which saw a decline on lending coupled with a weak shilling against the dollar. Here’s more on that story as NTV’s Aby Agina breaks down the numbers for you.

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May 17, 2012

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