0 £0.00
This item was added to your basket

Dear visitor,
You are viewing 1 of your 2 free articles


We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

Personal credit impairment charges down 22 percent at Barclays as profits rise

Personal credit impairment charges at Barclays fell to £129m from £165m as the lender posted £1.5bn in profit before tax for the three months to September 30, 2018.


Calum   Fuller

Share on LinkedInShare on Twitter
Calum   Fuller
Share on LinkedInShare on Twitter

Net operating income was £4.9bn, up from £4.7bn for the bank’s, which had profits in the first half of 2018 hit by litigation costs and settlements.

 

Total credit impairment charges and other provisions were £530m, down from £599m, a change of 12 percent on the year before.

 

Loans and advances to personal banking customers at amortised cost now stands at £145.4m, up from £140.4m at the same point in 2017.

 

Chief executive Jes Staley said: "In spite of macro-economic uncertainty, and particularly concerns over Brexit which weigh heavily on market sentiment, 2018 is proving to be a year of delivery on our strategy at Barclays.

 

"We remain focused on generating improved returns, and on distributing a greater proportion of excess capital to shareholders over time."

 

Staley himself was fined by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) in April after they concluded he failed in the requirement to act with due skill, care and diligence over an incident in which he attempted to identify a whistleblower.

Share on LinkedInShare on Twitter
Add New Comment
LoginRegister

LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Brexit minister Raab resigns after draft agreement struck

Brexit minister Raab resigns after draft agreement struck

Study finds four in 10 debt advice clients did not disclose mental health condition

Study finds four in 10 debt advice clients did not disclose mental health condition

Can debt collectors beat the banks on customer experience?

Can debt collectors beat the banks on customer experience? SPONSORED ARTICLE

Upcoming events

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group