Barclays’ Personal and Corporate Banking arm, which also includes the wealth business, has registered attributable profit of £1.1bn for the first half of 2015, a 6% rise compared to £1.04bn a year ago.
For the period ended 30 June 2015, the unit’s pre-tax profit rose 4% to £1.53bn from £1.47bn a year ago.
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Total income saw a marginal rise of 1% £4.38bn from £4.36bn in the first half of 2014.
Wealth income reduced 9% to £493m primarily as a result of the impact of customer redress in the US, the bank said in a statement.
Client assets decreased £8.7bn to £142.6bn primarily due to the announced disposal of the US Wealth business and ongoing strategic market exits.
The division’s net fee, commission and other income reduced 9% to £1.18bn due to the launch of the revised overdraft proposition in second half of 2014.
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By GlobalDataOverall, Barclays group posted statutory pre-tax profits of £3.1bn for the six months to the end of June 2015, an increase of 25% compared to £2.5bn a year ago.
