May 28, 2023

Barclays full year net profit increases in four fold:

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Barclays, the corporate and investment bank has quadrupled the full net year profit. The figures are a significant improvement of 2020 and the fourth quarter of that year as U.K was trying to pass through the lockdown stages. The full year profit was £8.4 billion which is up form £3.1 billion in 2020. The original forecast of the fourth quarter net income, attributable to shareholders was £756.5 million whereas it came out to be £1.12 billion.

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Do you believe the other banks are lacking behind, if not, why not?

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