Daily Management Review

Barclays net profit for 9 months decreases by 10% to $ 4.05 billion


Net profit of one of the largest banks in Britain, Barclays, before tax in January-September 2018 amounted to 3.12 billion pounds sterling ($ 4.05 billion), which is 10% lower than a year ago, follows from the statements of the credit institution.

In terms of one ordinary share, the basic profit for the reporting period was 0.094 pounds ($ 0.12) versus a loss of 0.03 pounds ($ 0.03) a year earlier. Barclays net operating income for the nine months increased by 7% to 15.238 billion pounds ($ 19.8 billion).

In the third quarter, the bank recorded a profit growth of 31.9%, up to 1.461 billion pounds ($ 1.9 billion). Basic earnings per common share rose to 0.061 pounds ($ 0.08) against last year's figure of 0.037 pounds ($ 0.048). Net operating income increased by 9.2% to 4.875 billion ($ 6.3 billion).

"Despite the macroeconomic uncertainty and, in particular, concerns about Brexit, which has a strong pressure on market sentiment, we continue to implement our strategy for 2018," said Head of the bank, Jess Staley, in the message.

He highlighted the high performance of Barclays corporate and investment business, which in the third quarter increased its profit by 18% and thus took a leading position among competitors.

The London-based Barclays Bank was formed in 1690. Barclays is currently one of the largest financial and banking groups in the UK and in the world.

source: bloomberg.com