Barclays has posted group pre-tax profits of
£4.28bn ($6.9bn) for the first three quarters in fiscal 2010, up 4%
year to date.

The bank was boosted by a 31% fall in
impairments, which fell to £4.3bn in the nine months to 30
September.

Pre-tax profits at Barclays’ global retail
unit dropped 9% to £1.37bn compared to the same period a year
ago.

Pre-tax profits in the UK soared 20% to £734m
from a year ago, while pre-tax profits at Barclays’ African unit
increased 14% to £106m.

But the Western European retail division fell
into the red with a pre-tax loss of £34m, compared to a pre-tax
profit of £237m last year.

The bank said the decline was due to lower
gains on acquisitions, disposals – and costs incurred by the
expansion of its branch and credit card network in Italy and
Portugal.

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Barclays CEO John Varley said: “Our income and
profit performance was resilient for the first nine months of 2010
despite a subdued economic environment and moderate
volumes.”