Qualified advisers answering your
Financial Questions
call 0800 092 1245

Barclays Bank reports £3.95 billion profits

Barclays Bank, the UK banking giant, has today reported a profit of £3.95 billion for the first six months of 2010. While the vast majority of the profit, £3.4 billion, came from the company's Barclays Capital investment arm there has been a general improvement in trading within the UK banking sector. So can we now expect liquidity to improve?

In-line with the earlier reporting of profitability from the likes of HSBC and Royal Bank of Scotland, Barclays Bank has also focused upon lending in the UK and confirmed that £18 billion was put aside for households and businesses over the last six month period. This is a direct response to the UK government's criticism of the UK banking arena and the fact that there would appear to be a "liquidity crisis".

Barclays Bank chief executive John Varley believes that the company has performed well in difficult market conditions and fulfilled all of its social banking requirements. Banks in the UK are now acutely aware that in many ways they hold the key to the economic prosperity of the country in the future and appear to be going to great lengths to justify their current activity and their current positions.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details