Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Barclays Kenya Advances Most in Almost Two Weeks in Nairobi

Jan. 31 (Bloomberg) -- Barclays Bank of Kenya Ltd., the nation’s biggest lender by market value, rose the most in almost two weeks on speculation its fourth-quarter earnings increased.

The stock advanced as much as 1.2 percent, the most since Jan. 18, to 12.50 shillings. It was unchanged at 12.35 shillings by the close in Nairobi.

“There are some recoveries of loans that the bank has made which could improve its earnings, we project earnings per share of at least 1.55 shillings compared to 1.12 shillings” in the previous quarter,” Vimal Parmar, head of research at Kestrel Capital East Africa Ltd. said in a phone interview today.

Barclays’ nine-month profit through to September climbed 11 percent as operating costs dropped. Net income climbed to 6.11 billion shillings ($72.7 million) in the period through September from 5.49 billion shillings a year earlier, the Nairobi-based lender said in November. Operating expenses fell 16 percent to 10.7 billion shillings, it said.

To contact the reporter on this story: Eric Ombok in Nairobi at

To contact the editor responsible for this story: Shaji Mathew at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.