Jeremy Awori Barclays Bank Kenya MD speaking during the investors briefing on the release of financial results yesterday at Intercontinental hotel photo\KARUGA WA NJUGUNA
During the year, the bank lent out Sh14.16 billion to its customers resulting in loan portfolio of Sh118.36 billion, 13.58 per cent better than in the year 2012.
Deposits from customers soared by Sh13.21 billion to close at Sh151.12 billion.
It nonetheless performed far better in non-performing loans, posting a 5.08 per cent decline to Sh3.58 billion compared to a 30.91 per cent rise Sh80.59 billion.
The bank's total operating income was flat, rising by a slim 1.8 per cent to Sh27.92 billion. This was helped by marginal 3.93 per cent rise to Sh18.86 billion in interest earnings that overshadowed a 2.33 per cent drop in non-interest revenue to Sh9.06 billion.
With expenses increasing by Sh1.6 billion to stand at Sh16 billion in
Chief finance officer
"We are thinking in terms of mobile and internet banking...by revamping ATM channel to enable deposit taking," he said.
The bank's directors have proposed a slash in dividend to 50 from
Earnings per share dropped to Sh1.40 from previous year's Sh1.61, triggering a modest day on day decline in the lender's shares trading at the Nairobi Securities Exchange.
Awori was upbeat that the new investment banking that has already won KenGen's Sh5 billion transaction advisory deal and forthcoming government's Sh1.5 to Sh2 billion soverein bond will be a key revenue stream going forward.
Other target areas are SMEs, bancassurance and, oil and gas opportunities.
"We are now recognising that they have specific needs from those of corporate banking," the MD said of enhanced focus on the SMEs
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