South African owners of Barclays Bank of Kenya met with the banking regulator Saturday to discuss the exit from the British parent company. The meeting came after a protest by Patrick Njoroge, the Central Bank of Kenya Governor, about the ‘quiet’ exit of Barclays Plc from the oldest lender in the country.
David Hodnett, the deputy chief executive of Barclays Africa Group (BAGL), told Weekend Business that the agenda of yesterday’s meeting was to address concerns raised by Dr Njoroge. “We appreciate that the questions being raised by the CBK are the right questions; it has only been a question of when to have the meeting,” Mr Hodnett said after BBK’s Annual General Meeting held on Friday.