Business Standard

Barclays boosts investor payouts after record annual profit in 2021

Bonus pool rises 23% as performance improves; ex-CEO Staley's bonuses frozen pending Epstein dispute


Photo: Bloomberg

Reuters London
Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance.

The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion), above analyst expectations and nearly tripled from 3.1 billion pounds a year ago. The bank's shares rose 4% in early trading.
It follows a run of vastly improved results for British lenders, after HSBC reported it had more than doubled its annual profits on Tuesday.

Barclays said it would buy back 1 billion pounds

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Topics : Barclays

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First Published: Feb 23 2022 | 3:16 PM IST

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