LONDON: British bank Barclays said Wednesday that interim net profits surged more than five-fold on lower-than-expected credit losses linked to the Covid pandemic.
Barclays on Wednesday reported profit before tax of 5 billion pounds ($6.94 billion) for the six months ended June 30, well above the consensus forecast of 4.1 billion pounds from analysts polled by the bank and up from 1.3 billion a year ago