Barclays Kenya 2014 pre-tax profit rises 10pc

Barclays Bank of Kenya said pretax profit rose 10 per cent to Sh12.3 billion in 2014, largely driven by growth in net interest income and lower costs.

The lender saw its net income rise to Sh8.39 billion in the 12 months through December 31, 2014 from Sh7.62 billion a year earlier. The bank attributes this to diversification of its product offering.