The British bank Barclays accounted for a net profit at the end of the first half of 2,469 pounds, which is equivalent to more than doubling the gains recorded in the first six months of last year, as reported by the entity.
The bulky change is a consequence of the decrease in litigation provisions, which between January and June of this year stood at 114 million pounds, 94.4% less.
The company’s turnover reached 10,790 million pounds, 1.3% less. Of that figure, net income stood at 4,618 million pounds, 5.5% more, while commissions and fees reported 3,334 million pounds, 4.4% less.
Revenue from stock trades and brokerage fell to 2,124 million pounds, down 14.3%, while net billing for investments advanced 29.3%, to 662 million pounds.
With regard to costs, personnel costs contracted 0.3%, up to 4,264 million pounds and infrastructure, administration and general costs were 2,494 million pounds, 4% more.
K. Tovar
Source: La Vanguardia
