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Announcements...8-Aug-08: Interim Dividend: 0.50/= • Payment: 9-Oct-08
Discuss Barclays Bank Ltd• Q1 2010 Financial Results Josomo Moyie • May 28, 2010 (6 replies)
• BBK price: PLease advise Momanyiph • May 2008 (6 replies)
• Q1 2007 MainaT • July 2007 (5 replies)
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0.25Segment: Main Investment Market
Sector: Finance And Investment
Brief Company Profile
Barclays Plaza Loita Street PO Box 30120 Code 00100 Nairobi, Kenya +254-2-332230 (Phone)
+254-2-213915 (Fax)
Company website:
http://www.barclays.com/africa/keny...
News Releases | Investor Relations | Financial Information | Corporate History/Profile | Executives | Employment Opportunities
Updated: Thu, August 21, 2008
Business Performance
Barclays Bank of Kenya (BBK) is the largest bank in Kenya with a 17% market share of total industry deposits. It has a customer deposit base of KES 94.00 Billion while its loans & advances portfolio amounts to KES 70.00 Billion. The corporate and local business market segments are the main drivers of the bank's lending initiatives. BBK lays great emphasis on stringent cost management in its operations; hence its operating expenses witnessed a 12% decline in the third quarter of 2006 to KES 6.20 Billion. In addition, Its loan impairment costs declined by 46.7% to KES 744.00 Million; this comes against the backdrop of a decline in the Non-Performing Loans (NPLs) to Total Loans position from 16.9% in 2005 to 13.73% in September 2006. However, in the near future a reality check may lead to an upward revision of bad debt provisions. In fact the Bank's improved performance in the third quarter of 2006 is partly attributable to the decline in bad debt provisions.
The firm's capital adequacy, in terms of total capital to total risk weighted assets, has improved slightly from 12.1% in the first half to 12.7%, in the third quarter (just above the 12% statutory minimum), which is mainly attributable to increased profitability. In view of this, the bank has opted for higher profit retention as a means to boosting its capital adequacy profile rather than the soliciting of more capital via a rights issue. The Bank preferred to issue a bonus and share split which have no material effect on either core capital or supplementary capital hence they do not shore up capital adequacy; this also signals that the management may at this juncture not foresee any major growth prospects as the bank is rapidly approaching the maturity phase.
Future Prospects
The Bank's future prospects largely depend on its ability to improve on the quality of lending, while continuing to grow both interest and non-interest income.
Updated: Thu, November 16, 2006
• Former Workers Sue Bank for Sh65 Million (18 Dec 2009)
More than 30 former Barclays Bank employees have sued the bank for Sh65 million.
• Barclays Profit Up to Sh6.6 Billion (20 Nov 2009)
Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.
• Cheptil Takes on Tetu High in Semi Finals (17 Aug 2009)
Former East Africa games girls' volleyball champions Cheptil High School from Rift valley face a tough contest when they take on Tetu High School from Central in one of the semi finals of the Barclays Bank secondary schools term Two B games at Shanzu...
• Raila Top Guest At School Games Final (17 Aug 2009)
Prime Minister Raila Odinga will be at Shanzu Teachers to watch Langata High School from his constituency play Kapenguria in the finals of this year's Barclays Bank National Secondary school soccer finals from 1.00pm on Sunday.
• Hospital Hill Storm Semi-Finals (13 Aug 2009)
Nairobi's Hospital Hill High School powered their way into the semi-finals of the Barclays Secondary Schools Term Two B Games with a shock 3-0 victory over Gaichanjiru in an entertaining match at Shanzu Teachers Training College yesterday.
• Oshwal Boys Lead the Way in Badminton (13 Aug 2009)
Darish Shah of Oshwal Academy put up a sterling show to win his first four boys' badminton Pool A matches at the Barclays Secondary Schools Term Two B Games at Allidina Visram High School yesterday.
• Green Commandoes Survive Isiolo Scare, Wiyeta Show Might (12 Aug 2009)
A solitary goal by Andrew Kulecho in the dying minutes of the game gave Kakamega High School of Kenya a deserved 1-0 victory over a stubborn Isiolo Secondary as the Barclays Secondary Schools Term Two B Games got underway at Shanzu Teachers College...
• Barclays Shifts Growth Strategy (11 Aug 2009)
Barclays Bank of Kenya will shift its growth strategy from increasing the number of branches to use of technology as it strives to enhance its profitability.
• Music Festivals Force Organisers to Postpone Start of Games (10 Aug 2009)
This year's Barclays Bank/Brookside-sponsored national secondary schools Term Two B games which have traditionally started on a Tuesday will kick off on Wednesday.
• Barclays Profit Up a Marginal 5 Percent (04 Aug 2009)
Barclays Bank's half-year results released on Tuesday showed a marginal growth in profitability as the effect of a stable but slowed down economy on banks' performance started to become clearer.
• Defending Champs Romp Into Quarters (16 Jul 2009)
Defending Nyanza provincial secondary schools football champions Thur Gem and rivals Lambwe of Suba District were among teams that cruised into today's crucial quarter-final stage of the Barclays Bank of Kenya-sponsored games yesterday.
• New Financing Plan for Public Universities (10 Jul 2009)
Barclays Bank is developing a new platform in the bonds market that promises to significantly change the way public universities finance their ever-increasing needs.
• Absa Chosen As Safaricom Bond Partner (07 Jul 2009)
Kenya's biggest mobile operator wants to borrow between up to R 1.2 billion. It has picked Barclays Capital, Absa Bank and CFC Stanbic to arrange the issue.
• Bank Barred From Selling Land (30 Jun 2009)
Barclays Bank has been restrained from disposing of a disputed parcel of land in Nairobi.
• Annointed And Waa Enter Soccer Semis (15 Aug 2008)
Coast representatives Waa High School and Nairobi's Annointed are through to the semi-finals of boys' and girls' soccer respectively in the ongoing Barclays Secondary Schools Championships in Machakos town.
• Barclays Eyes Share Refunds With Bond (12 Jun 2008)
Barclays Bank of Kenya Wednesday moved to tap the increased liquidity in the market.
• Nyaga Owner Hits At Barclays Over Accounts (05 Jun 2008)
Mr Patrick Gakiavih, the owner of collapsed Nyaga Stockbrokers, has moved to court to defend himself against charges of stealing more than Sh523 million from his clients.
• Barclays Profit Grows by Nine Percent (03 Mar 2008)
Barclays Bank Kenya has grown its pretax profit to Ksh7 billion ($100 million) for 2007, a 9 per cent increase over the Ksh6.4 billion ($91.4 million) it managed in 2006.
• Barclays Profit Minting Machine Under Spotlight (20 Feb 2008)
For five years Adan Mohamed was just happy to run Kenya's biggest bank at an even pace in the traditional British style - where Barclays Bank Kenya draws its roots-with one aim in mind: don't rock the boat.
• Barclays Pretax Profit Up 9 Per Cent (20 Feb 2008)
Barclays Bank Kenya (BBK) has today announced a nine per cent increase in pretax profit to Sh7 billion for last year.
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