Barclays Kenya #ticker:BBK has announced flat earnings of Sh1.9 billion in the first three months of the year ended March, as costs of rebranding to Absa ate into its bottom-line.
The Nairobi Securities Exchange-listed #ticker:NSE lender’s first quarter net profit would have grown nearly 10 percent to more than Sh2 billion if it did not incur the rebranding expense of Sh243.4 million.
