Profits up at Barclays

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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

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