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Barclays has presented greater profits after a stronger year for his investment bank, since his boss said he was “deeply apologized” with customers affected by the recent interruption of technology.
The banking group will deliver the awards for shares worth £ 500 to the vast majority of its staff after the best financial performance.
He reported a profit gain of £ 8.1bn by 2024, a 24 percent jump of the profit of £ 6.6 billion generated in 2023.
The income for their investment bank fired 28 percent during the last quarter of the year in the middle of a stronger activity in capital markets and the increase in agreements. The United Kingdom Bank also enjoyed an impulse in taking control of savings, loans and Credit Cards from Tesco Bank last year.
Barclays actions fell up to 5.7 percent in the negotiation in the London Stock Exchange at 11 AM GMT on Thursday after the morning negotiation call, but have increased more than 100 percent in the last year.
Now it is quoted to around 290 pence, it means that the personnel would receive around 172 shares if they are paid at current price levels. These shares also have a dividend yield of around 2.6 percent.
Barclays was beaten with a great interruption of technology earlier this month, which leads to its digital services to be interrupted for about two days.
The executive president of the group, CS Venkatakrishnan, known inside the bank as Venkat, apologized to customers affected by the incident.
“I apologize deeply with all our clients for the inconvenience caused by that interruption,” he said.
“We are absolutely focused on helping customers who experienced general difficulties as a result of interruption, and we will strive to ensure that affected people are compensated.”
Venkat's own salary has more than duplicated to £ 10.5 million in 2024, compared to £ 4.6m in 2023, the Guardian report. The annual report shows that it is the result of long -term bonds and an increase in the value of the Barclays shares, which are paid. This year's shareholders will be asked to vote for a proposal to reduce the base salary of the CEO, but what will see it capable of winning more in bonds, up to more than 14 million a year.
Meanwhile, Barclays said that growth in the United Kingdom last year was partially compensated by the costs of the mortgage they began to decrease, which means that banks generate less income by offering loans. It occurs after interest rates were reduced to 4.5 percent last week, the lowest level in more than 18 months.
The bank revealed that he won a million new customers from his Barclaycard credit card last year as part of the efforts to lend more in the United Kingdom.
And the total balances of deposits of the United Kingdom increased by £ 1 billion during the last quarter of the year, compared to the previous period of three months and before taking into account the acquisition of Tesco Bank.
Anna Cross, Chief of Finance of Barclays, said her clients remained in “robust way.”
The spending on the cards in January increased by 1.9 percent, which said that “the United Kingdom inflation rate still lag strongly that the essential spending, which we see is a good sign.
“In more general terms, if we observe credit yield throughout the United Kingdom, crime are still low and stable and payments remain high, so the client seems to be in a robust way.”
In addition, Venkat revealed that the bank giant would deliver a unique prize for value of £ 500 to almost all its 90,000 global employees. The prize recognizes a solid performance during the first year of the three -year strategic plan of the group, and encourages the interests of the personnel to be more closely aligned with the interests of the shareholders, according to the bank.
It would match a payment of £ 45 million if the 90,000 employees received that amount.
Additional PA reports
