Antony Jenkins, CEO of
Barclays’ Retail and Business Banking (RBB) division, told an
investors’ presentation on 7 June that the bank remains committed
to growing its retail presence in Europe.
Commenting on press
speculation linking Barclays with a possible bid for a regional
savings bank in Spain, Jenkins said:
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“You will have seen the
speculation around our interests in Spain. To be clear, we believe
that we are well placed to take advantage of the consolidation we
see happening in the European markets but will only consider these
opportunities if they meet our strict financial
hurdles.”
Jenkins added:
“We remain committed to
the long-term opportunity in Europe. These are large retail banking
profit pools and strategically significant. We have a strong brand
and distribution network across all four countries.”
Barclays’ RBB unit in
Europe posted a loss before tax of £58m ($95.3m) in the three
months to 31 March, compared with a profit before tax of £17m in
the same period a year ago.
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