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2 items tagged "Barclays"

• March 12, 2008
• 7:52

  Bank Wars: Pepea

   » ‎ bankelele

  Tags:  Barclays  

  Barclays is really going after small accounts holders and low savers such as students. The latest account is called Pepea (implies lightness) which is an ATM-based account with a flat fee of just 100 shillings ($1.5) and 20/= per ATM withdrawal – putting it in the range of Equity’s 50/= fees. This extends Barclays aggressive growth to counter Equity Bank – to an extent that it seems they are subsiding services in order to gain deposits and accounts.
  
  With Pepea, you actually get penalized if you have more than 30,000 shillings ($425) in your account.
• February 26, 2008
• 9:21

  Barclays numbers

   » ‎ bankelele

  Tags:  Barclays  

  Kenya’s’ largest bank is first out of the door with year end announcement for what is expected to be a record profit year
  
  Coldtusker used to run a financial gaffes, column and all the news outlets went with Barclays reported growth of 9% in pre-tax profits, when it was actually 7% (to about $101 million) from 2006.
  
  The dividend was the same at 2006, you can expect good results in years to come, when the expansion pays offs (not in 2007 where expenses grew faster than income (37% to 24%). They threw all their funds into loans - up 43% in 2007; compare these results to 2005-06 when assets and loans were up 13% apiece.
  
  Another news gaffe goes to the Standard who referred to a company called Centrum in their Saturday newspaper report on ICDCI’s name change to Centum Investments. The name confusion will continues for ex-ICDCI as long as spell checks are used.