The gain was attributed to the relative success of the bank’s high net worth (HNW) businesses.

Pre-tax profits increased by 38%, or £33m ($51.4m), to £121m at Barclays in the first half of 2012 compared to the first half of 2011.

For the second quarter, pre-tax profits were relatively unchanged from the first quarter of 2012 increasing 2%, or £1m.

Since the end of 2011, client assets have risen by 7%, or £11.9bn, to £176.1bn. This is also up 4%, or £6.6bn, compared to the first half of 2011.

Customer deposits went up by 8%, or £3.5bn, to £50.0bn in the first half of 2012.

Loans and advances to customers also increased by 5%, or £1.0bn, to £19.8bn in this period.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Barclays, the growth was driven by the success of its HNW sector, while clients are holding onto cash amid volatile markets.

 

 

Source: Private Banker International