Maybe they'll start charging people to deposit money again.

Cutting costs isn't going to do much here. That will only be addressing the symptoms, and not the cause. Its business is not growing, which is what needs addressing.

We need to see the top-line growing. A decrease in costs needs to be accompanied by a corresponding increase in Customer Deposits and Loan Book growth

Thanks your advise is for speculators snoozing principally for capital gain not for long termers like me my brother.

I cannot jump ship because of dismal H1 result cum interim dividend slightly better than last year in the bear market.The worst thing for long termer is to be desperate and follow the crowd . I need to see more quarters and still pick up some more dividends while waiting .
I avoid selling in bearish situation,

Barclays constitute less than 5% of my holdings in BBK so I do not need to loose my head about it. I have good alternatives to switch to when the need arises.

[quote=the deal]A terrible show from Barclay's Bank Kenya (BBK), I expect the operating environment in the 2H to be more challenging than the 1H due to high inflation and high interest rates, in fact the Shilling slipped to a fresh all time low today, CBK has no option now than to pop up that repo rate , at a forward EPS of Sh1.4, if BBK is able to maintain this performance through out the year, the bank will trade on a forward PE of 11.1 at the current price of Sh15.60, I still maintain my 1Q recommendation of REDUCE.

Read more here http://www.contrarianinv...-deep-cut-in-costs.html[/quote]
as i hv said ealier bbk has its takers who happen 2 b lng term investors n wil nt jus dispose or reduce jus coz there ws a marginal drop in th bottom line

CORRECTION
MY SHARES BARCLAYS CONSTITUTES LESS THAN 5% HOLDINGS IN NSE !!!

Barclays will grow but not much faster than the economy. Why? Since it faces massive competition from the likes of Equity Bank...

Equity has become a serious player in the Corporate Segment as well. Look at the loans to NCC & RVR.