Total income slid by £4m ($6.23m) to £892m at
Barclays in the first half six months of 2012 but increased 5%, or
£44m, on a year-on-year basis.
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.
HNW success
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.
According to Barclays, the growth was driven
by the success of its HNW sector, while clients are holding onto
cash amid volatile markets.
