Large banks continued to make impressive profits in this year’s second quarter, with some capitalizing heavily on the shilling fluctuation. However, on the other hand, Barclays Bank and National Bank of Commerce (NBC) registered losses as a result of bad loans. The figures for second quarter for Barclays and NBC show that the two banks
MasterCard Incorporated has announced financial results for the second quarter of 2014. The company reported net income of $931 million, up 10%, or 9% adjusted for currency, and earnings per diluted share of $0.80, up 14%, in each case versus the year-ago period. Acquisitions had no impact on earnings per diluted share. Net revenue for
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