Chris Ratcliffe | Bloomberg | Getty images
British bank Barclays On Thursday, an increase in the profit before taxes before the year that came just before the expectations of the analysts, while he also launched an £ 1 billion ($ 1.25 billion) was launched.
The profit before tax rose by 24% to £ 8,108 billion in 2024, just above an analyst forecast of £ 8,081 billion, according to LSEG.
The net profit that can be attributed to shareholders also took 24% to £ 5.316 billion in 2024, but was expected by analysts than the £ 5,449 billion was expected. The fourth quarter attributed to a profit amounted to £ 965 million, under the £ 994 million analysts for the period.
The total income of the lender chose £ 6.96 billion in the three months to the end of December, versus £ 5.6 billion in the fourth quarter of 2023, with the Core Barclays Investment and Retail units that are 28% and 46% on an annual basis Register rejects respectively to £ 2.61 and £ 2.62 billion.
Since last year, Barclays has been implementing a strategic overhaul to reduce the costs by £ 2 billion by 2026, to eliminate shareholders’ returns and to stabilize financial returns, its focus on the profitable consumer and credit activities – and leading to the absorption From the retail bank activities of British grocer tesco’s.
Still Barclays‘ Traditionally, a strong banking unit could now benefit from a more open market share in the domestic space, as HSBC announced last month that it is preparing for leaving its mergers and takeovers and share capital markets in Europe, the UK and the US in the midst of one Larger restructuring of its investment bank activities.
The bank has also recovered from sweeping Three -day technical failure This disrupted payments and transactions at the end of last month, which has since been resolved.
More generally, lenders fought against lethargy in the British economy and a withdrawal into IPO activity in the London Stock Exchange. The Bank of England performed its first gear of the year last week and signaled further decorations in 2025 amid a downgrade in the economic prediction of the UK – with monetary relaxation that is usually given away from the bank winsts, because it spread the distribution of the Returning the lenders tightened into loans and their payment on deposits. British and European banks also have difficulty keeping pace with counterparts in the US, who can benefit from an extra competitive advantage such as the newly inaugurated US President Donald Trump uses a lighter approach to local regulations.
At the same time, Pankrel Rachel Rachel Rachel Rachel Rachel Rachel Rachel the British financial behavioral authority to promote competitiveness in collaboration with consumer protection, where markets monitor the growth of the government and the competitiveness of the government in the spring.
This breaking news story is updated.