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Profits up at Barclays

by admin
15 February 2011
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Barclays has reported group pre-tax profits of £6.065 billion, up 32% on 2009’s figure of £4.585 billion.

Impairment charges of £5.672 billion were down 30%, with a sharp decrease in impairment at Barclays Capital partially offset by a significant increase in Barclays Corporate impairment in Spain.

Total group 2010 performance pay was £3.4 billion, down 7% on 2009.

Bonuses at Barclays Capital, its investment banning arm, were £2.6 billion, with pay, pensions and bonuses per head for the 24,800 bankers working at averaging around £236,000, up from 2009’s figure of £196,000.

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“We continue to believe that our integrated model provides superior benefits to our customers

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