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.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“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.