Barclays Bank Latest News
Barclays is a major global financial services provider engaged in retail banking,
credit cards, corporate and investment banking and wealth management with an extensive international presence. With over 300
years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people.
Income by region Year ended 31/12/2012 UK – £11,981m, Europe – £4,207m, Americas
– £6,025m, Africa and Middle East – £4,967m and Asia – £1,274m.
Barclays started life back in 1690 when John Freame and Thomas Gould set up Goldsmiths
Bankers due to the amount of goldsmiths in the area. The name became Barclays in 1736 when James Barclay married the daughter
of John Freame.
bought Woolwich in August 2000 resulting in an average payout of £2175 to each of the members of the woolwich.
2008 Purchased Goldfish credit card
brand for $70 million and part of Lehman Brothers for $960 million.
November 2011 Barclaycard has now taken over the
customers of the Egg credit card
Financial Results Year Ended 31/12/2011.
Total income up 3% on 2010 to ££32,292m. Adjusted income excluding
own credit and debt buy-backs down 8%. Profit before tax down 3% to £5,879m. Adjusted profit before tax down 2% and
broadly balanced across the retail and investment banking businesses.
Core Tier 1 ratio strengthened from 10.8% at year end 2010 to 11.0%.
The final dividend for 2011 of 3.0p per share will be paid on 16 March 2012 to shareholders whose names were on the Register
of Members at the close of business on 24 February 2012. With the interim dividends totalling 3.0p per ordinary share, paid
in June, September and December 2011, the total distribution for 2011 is 6p (2010: 5.5p) per ordinary share. The interim and
final dividend for 2011 amounted to £728m (2010: £653m).
Financial Results Year Ended 31/12/2010.
delivered profit before tax of £6,065m in 2010, an increase of 32% (2009: £4,585m). Excluding movements on own
credit, gains on debt buy-backs and gains on acquisitions and disposals, Group profit before tax increased 11% to £5,464m
(2009: £4,942m). Impairment charges and other credit provisions improved 30% to £5,672m (2009: £8,071m).
This was after an increase of £630m in impairment on the Spanish loan book in Barclays Corporate – Continental
Europe and impairment of £532m relating to the Protium loan in Barclays Capital.
In 2010 gross new UK lending totalled £43bn,
including £7.5bn arising from the acquisition of Standard Life Bank. Barclays employs nearly 147,500 people of whom
60,000 are in the UK. The banking sector as a whole employs nearly 500,000 people across the UK.
At 31st December 2010, on a Basel II basis,
the Group’s Core Tier 1 ratio was 10.8% (2009: 10.0%) and the Tier 1 ratio was 13.5% (2009:13.0%).
The total tax paid to
the UK Exchequer in 2010 was £2,827m, made upof £1,381m of taxes borne by Barclays and £1,446m of taxes
collected on behalf of governments which includes £1,347m of tax payments made on behalf of staff.
Barclays Bank Product Range
Barclays Bank provides a number of personal banking products and other products
in the UK.
For consumers the products include
Personal bank accounts and premier bank accounts.
Mortgages which are provided under the Woolwich brand and include tracker, offset and fixed
Savings accounts include ISAs, fixed rate bonds, e-savings
reward, monthly saver and barclays children's savings.
include Barclaycard Platinum, Barclaycard Simplicity, Barclaycard Flexi-Rate and Barclaycard Initial.
Barclays also provides loans, financial planning, investments and insurance products including
Barclays Home Insurance, car insurance,
life insurance, health and travel insurance.
Barclays Bank Home Insurance
• The option to choose from a series of additional covers that are also half price
to £500,000 buildings cover and £50,000 contents cover
• Up to £25 refund towards any fees
your current provider may charge for switching
• New-for-old replacements on most items
minimum 12-month guarantee on repairs and replacements arranged by us
• We can arrange for approved tradesmen
to organise and carry out repairs on your behalf and guarantee repairs
Information correct @ 01/01/2010 for
latest terms and conditions vist the barclays bank website
BARCLAYS SINGLE TRIP TRAVEL OR ANNUAL TRAVEL INSURANCE
Barclays Single Travel Insurance Offers
•Three choices of cover, from economy to travel plus
24-hour Travel Assistant Helpline for advice before you travel and help while you're away
•Payout within two
days of agreeing a claim
•Up to £30,000 personal accident cover
•Up to £2 million personal
•Up to £10 million emergency medical expenses
•Over 35 sports and leisure activities
Barclays travel insurance information correct @01/01/2010 latest terms and conditions can
be found on the barclays website.
Barclays as one of the UK's leading banks offer a choice of the traditional
no fee bank accounts and the also premium bank accounts like the Barclays Current Account Plus.