Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
BankDEP Crypto Bank
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Press Release :: Barclays

Logo BarclaysGroup profit before tax for the nine months ended 30th September 2010 was £4,274m up 4% (2009: £4,107m).

Excluding movements on own credit, gains on acquisitions and disposals and gains on debt buy-backs, profit before tax increased 6% to £4,236m (2009: £3,978m). Income increased 2% to £22,872m (2009: £22,358m) in part reflecting the subdued macroeconomic environment. Impairment charges improved 31% to £4,298m (2009: £6,214m), while operating expenses increased 18% to £14,476m (2009: £12,233m). The increase in operating expenses principally reflected continuing increased investment in the Group’s businesses of £917m, increased regulatory charges and infrastructure costs of £599m and increased pension charges of £224m.

Profit before tax for Q3 was £327m which included an own credit charge of £947m. Excluding own credit, profit before tax improved to £1,274m in Q3 from £1,174m in Q2, with a decrease in profit at Barclays Capital more than offset by an increase across other businesses.


Performance Summary:
  • Group profit before tax for the year-to-date of £4,274m up 4% (2009: £4,107m).
  • Profit before tax for Q3 excluding own credit of £1,274m, up from £1,174m for Q2.
  • Income for the year-to-date of £22,872m up 2% (2009: £22,358m).
  • Impairment of £4,298m down 31% (2009: £6,214m) giving a year-to-date annualised loan loss rate of 110bps (2009: 151bps).
  • Net income of £18,574m up 15% (2009: £16,144m).
  • Operating expenses of £14,476m up 18% (2009: £12,233m) reflecting continued investment in the businesses.
  • Annualised net interest margin for GRB, Barclays Corporate, Barclays Wealth and Absa up slightly versus the first half.
  • Core Tier One ratio of 10.0%.
  • Wholesale term issuance of £28bn in first nine months and strong liquidity maintained.
  • Increased gross new lending to UK households and businesses of £35bn, including Standard Life Bank (2009: £26.1bn).
  • Third interim dividend of 1.0p per share, making 3.0p for the year-to-date.


Source: Barclays
Date: 09.11.2010
Get your content published on BanksDAILY.com in just a few clicks.
Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © BanksDAILY.com | All Banks in One Place | Privacy Policy