Friday, 24 February 2017

Barclays Make Pre-Tax Profits Of More Than £3 Billion

Barclays

Barclays boss Jes Staley said the bank is "just months away" from completing an overhaul as he unveiled a surge in annual profits.

The lender said bottom-line group profits nearly trebled to £3.23 billion from £1.15 billion a year earlier, while it posted a 4% rise in underlying pre-tax profits to £6.4 billion for its core business - Barclays UK and Barclays International.

Mr Staley, who has been selling down and offloading unwanted businesses to focus on US and UK operations, said the group had "accomplished a lot in a year".

He added: "We are now just months away from completing the restructuring of Barclays, and I am more optimistic than ever for our prospects in 2017, and beyond."


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