Profits up at Barclays

Published on

Barclays has reported group pre-tax profits of £6.065 billion, up 32% on 2009’s figure of £4.585 billion.

Impairment charges of £5.672 billion were down 30%, with a sharp decrease in impairment at Barclays Capital partially offset by a significant increase in Barclays Corporate impairment in Spain.

Total group 2010 performance pay was £3.4 billion, down 7% on 2009.

Bonuses at Barclays Capital, its investment banning arm, were £2.6 billion, with pay, pensions and bonuses per head for the 24,800 bankers working at averaging around £236,000, up from 2009’s figure of £196,000.

Bob Diamond, Barclay’s chief executive, said: ”I am proud of what we achieved in 2010, especially our profit growth and enhanced capital and liquidity positions.

“We continue to believe that our integrated model provides superior benefits to our customers

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...

JammJar adds identity verification through Entrust partnership

JammJar has partnered with Entrust to allow mortgage brokers to complete automated identity verification...

Industry invited to shape next phase of inclusion research

Mortgage and protection professionals are being urged to contribute to a new study examining...

Latest publication

Other news

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...