Home Business NewsBusiness Barclays full-year profits jump to £3.2bn

Barclays full-year profits jump to £3.2bn

23rd Feb 17 8:16 am

How did the bank do it?

Barclays has seen its full-year profits almost treble to a massive £3.2bn for 2016, this is due to making “strong progress” in restructuring.

The banks profit was up from £1.1bn from the year before.

Part of its reorganisation was the sale of its Africa business.

Barclays had also been selling off other parts of the business, the bits it believes to be “non-core”, as well as this it’s set to bring forward the closure of unit dealing in six months’ time.

The “non-core” unit is set to close by the 30 June.

Chief executive Jes Staley said: We are now just months away from completing the restructuring of Barclays, and I am more optimistic than ever for our prospects in 2017, and beyond,”

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