British bank Barclays handed a surprise 11.6 billion GBP profit

Viliyana Filipova — Sat, 13 Feb 2010 22:54:35 +0000

The British bank Barclays lay a pleasant surprise with its report for 2009, which was released today. He showed that the financial institution has made a profit of 11.6 billion liras in the year after the 2008 year was registered a positive result of 6,1 billion pounds. With a major contribution to the strong performance has Investment Banking division where he will be awarded significant bonuses. Employees in this unit will receive an average of 191 thousand pounds last year, transmit CNBC. Nearly half of the profit – 6,3 billion liras – accounted for the sale of the division of asset management Barclays Global Investors (BGI), it is clear from the report. Preliminary expectations of analysts polled by Reuters were for a profit of 11.2 billion pounds. Profit from operating activities, which does not include the sale of BGI, the impressive amount of 5.6 billion pounds. For comparison, in 2008 it amounted to 1,6 billion pounds. In the investment banking division Barclays Capital e achieved profit growth of 89 percent to 2,5 billion pounds. With a strong commitment to it’s acquisition of the investment business of Lehman Brothers in the United States, and the growth of positions in Europe and the United States.
Strongest statement of Barclays shares rocketed by 7 percent in early trading session today.

Financial Communique » British bank

British bank Barclays handed a surprise 11.6 billion GBP profit