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Kenya: Citibank Kenya has reported a pre-tax profit of Sh4.1 billion. Joyce-Ann Wainaina, the bank's Chief Executive Officer, reckoned that despite the overall results for 2014 fell short of our expectations, the bank, a branch of Citibank NA did make significant progress on its loan book and earnings from interest.
"During the year, we increased our market share among our target institutional clients, grew our core loan book, and improved both our net interest revenue and margin from 2013 levels by 6 per cent to Sh4.5 billion," explained Joyce-Ann.
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