Financial Report Financial reports from the largest companies of the world

Barclays reported 6.07 billions GBP profit for the 2010

The British banking giant Barclays said profit before tax amounted to 6.07 billion pounds in 2010. This is about 30 per cent better than achieved in 2009 result, when the financial institution won 4.59 billion pounds. The total revenues of the bank amounted to 31.44 billion dollars. The good news in the report are set aside to cover bad loans, reserves fell by 30 percent annually to 5.67 billion pounds. The remuneration linked to performance of banks has fallen by 7 percent to 3.4 billion pounds in the investment banking division - Barclays Capital, the decrease was 12 per cent. The overall staff costs rose by 20 percent to 11.9 billion pounds and 3.5 billion of them were paid as bonuses. In Barclays Capital bonuses were EUR 2.6 billion pounds as profit almost doubled in 2010, reaching 4.78 billion pounds. After the publication of the results of Barclays shares rose 3 percent. The financial report is about 30% better than the previous year, there was a significant drop in bad loans. Now the bank is stable and this is good prove for the end of the financial crisis.