Barclays’ adjusted pre-tax profits increased
by 13% in the six months to 30 June 2012 to £4.2bn ($6.6bn) as
compared to the same period a year ago.  

Barclays’ pre-tax profits for retail and
business banking increased by 15% to £1.68bn.

Total assets for Barclays rose to £1.63trn on
30 June 2012, an increase from £1.56trn in the year ago period.

The cost income ratio improved by 3 percentage
points from 64% in 30 June 2011 to 61%.

In the UK, adjusted pre-tax profit from the
retail unit increased by 6% year-on-year – from £704.

Barclays chairman, Marcus Agius, apologised
about the recent Libor scam and said that these remain challenging
times for Barclays, as well as the industry.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“However our leadership continues to focus on
the delivery of our financial performance targets and on building a
platform for sustainable long term growth. Our customers and
clients are at the heart of what we do. I am confident we can and
will repair the reputational damage done to our business in their
eyes and those of all our stakeholders,” Agius added.

 

Retail banking income in the
UK

  • Number of UK current accounts increased slightly from 11.7m to
    12m;
  • Number of UK savings accounts increased from 15m to 15.6m;
  • And UK mortgage accounts rose from 925,000 to 932,000;
  • Income declined 2% to £2,205m driven by lower net fees and
    commissions;
  • Customer deposits increased to £113.9bn from £108.3bn in the
    year-ago period;
  • Number of branches in the UK decrease by 20 units to 1,614 and
    the number of full-time employees were cut by a 100 to
    34,100. 

Retail banking income in
Europe

  • The pre-tax loss improved by 43% to 92m in June 2012 from
    161m;
  • The bank reduced 169 units – approximately one in seven
    branches – cutting down from 1,120 units in June 2011 to 951;
  • The total number of customers also reduced from 2.7m to
    2.6m.

Retail and business banking in
Africa

  • Barclays Africa’s retail and business banking saw a 20% decline
    in pre-tax profit to £274m for the six months to end-June;
  • Total income decreased by 8% to £1.7bn
  • Customer deposits decreased from £24.2bn to £22.3bn
    year-on-year;
  • Customer numbers, however, increased from 14.5m to 14.8m;
  • Branch numbers also increased by 25 units to 1,342 units from a
    year-ago, and the bank increased its ATM distribution network by
    549 units to 10,365.

Barclaycard

  • Showing the strongest business results, the adjusted pre-tax
    profit for Barclaycard increased by 32% from 571m in June 2011 to
    753m in June 2012;
  • The number of UK card customers rose from 22.2m to 23m.