Barclays profit up 6.2pc on lending to government

Barclays Bank Kenya MD Jeremy Awori during a 2015 briefing when the lender bought the insurer. FILE PHOTO | NM

Barclays Bank of Kenya’s #ticker:BBK net profit for the six months to June grew 6.2 per cent to Sh3.76 billion on the back of increased lending to government and lower costs.

The bank grew its lending to the government by nearly a third to Sh70 billion as the legal cap on lending rates made loaning to homes and business unattractive.

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