Barclays profit jumped by a quarter as investment activity is growing – Irvine Times

He reported a profit of 8.1 billion in a $ 8.1 billion tax for 2024, a 24% leap of a profit of 6.6 billion British pounds, generated in 2023.

The income for their investment bank increased by 28% in the last quarter of the year against the backdrop of a stronger activity in the market and increased the deal.

The United Kingdom Bank also enjoyed impetus to Tesco Bank’s savings, loans and credit cards last year.

But Barclays said growth in the UK is partly offset by mortgage costs that are beginning to decrease – which means that banks generate lower income than loan offering.

It comes after interest rates were reduced to 4.5% last week, the lowest level for more than 18 months.

The CEO of the CS Venkatakrishnan group, known in the bank as Venkat, said: “In 2024 we met with our financial goals, delivering to our clients and clients, with operational and financial improvement, led by the disciplined implementation of the three -year plan. “