After reporting a 12 percent increase in profit Barclays bank is now eyeing mortgages

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After reporting a 12 percent increase in profit Barclays bank is now eyeing mortgages

12th August, 2014

Barclays bank is eying a slice of the lucrative property market by setting up a mortgage division. The move follows a strategic shift by the bank that is eying new product lines to grow its revenues. This comes as the bank reported 12 percent growth in first half pretax profits to 6.1 billion shillings.

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