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September 05, 2015 10:43 AM ET

Banks

Company Overview of Barclays Bank PLC

Company Overview

Barclays Bank PLC, together with its subsidiaries, provides financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company offers personal banking, mortgages, wealth and investment management, and corporate banking services, as well as payments services, including credit cards and consumer lending for consumer and business customers. It also provides retail, wholesale, and business banking services; investment banking services; and insurance services, as well as origination-led and returns-focused market banking services. The company was formerly known as Barclays Bank International Limited and changed its name to Barclays Bank PLC in January 1...

1 Churchill Place

London,  E14 5HP

United Kingdom

Founded in 1925

132,300 Employees

Key Executives for Barclays Bank PLC

Group Chief Executive Officer, Executive Director, Group Chief Executive Officer of Barclays PLC and Director of Barclays PLC
Age: 53
Group Finance Director and Executive Director
Age: 46
Group Chief Operating Officer
Group Chief Executive of Absa and Chief Executive of Barclays Africa
Age: 56
Chief Executive Officer of Personal and Corporate Banking
Age: 54
Compensation as of Fiscal Year 2015.

Barclays Bank PLC Key Developments

Barclays Bank PLC Announces Second Interim Dividend for 2015, Payable on 14 September 2015

For 2015, the Board of Barclays Bank PLC has concluded that it is appropriate to plan for a 6.5 pence distribution, the same level as 2014, while the company focus on improving the returns of the business and accelerating the implementation of the strategy whilst maintaining capital strength. A second interim dividend for 2015 of 1 pence will be paid on 14 September 2015 to shareholders on the share register on 7 August 2015, making a total for first half of 2015 of 2 pence.

Barclays Bank PLC Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Barclays Bank PLC announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the six months, the company reported net interest income of £6,231 million against £6,110 million a year ago. Total income was £14,169 million against £13,630 million a year ago. Net operating income was £12,948 million against £12,304 million a year ago. Profit before tax was £3,147 million against £2,504 million a year ago. Profit attributable to equity holders of the parent was £1,972 million against £1,446 million a year ago. Adjusted net operating income was £12,009 million against £12,246 million a year ago. Adjusted profit before tax was £3,729 million against £3,349 million a year ago. Adjusted attributable profit was £2,155 million against £1,760 million a year ago. Adjusted return on average tangible shareholders' equity was 9.1% against 7.5% a year ago. Return on average tangible shareholders' equity was 6.9% against 4.9% a year ago. Return on average shareholders' equity was 5.9% against 4.2% a year ago. Adjusted return on average shareholders' equity was 7.7% against 6.5% a year ago. Net asset value per share was 328 pence against 335 pence as on December 31, 2014. Net tangible asset value per share was 279 pence against 285 pence as on December 31, 2014. Diluted earnings per share were 9.9 pence per share against 7.0 pence per share a year ago. Net cash from operating activities was £12,159 million against £593 million a year ago. Basic earnings per share were 9.9 pence against 7.0 pence a year ago. Adjusted basic earnings per share were 13.1 pence against 10.9 pence a year ago. For the quarter, the company reported net operating income of £6,056 million against £6,144 million a year ago. Adjusted profit before tax was £1,849 million against £1,656 million a year ago. Statutory profit before tax was £1,777 million against £689 million a year ago. Profit attributable to equity holders of the parent was £1,146 million against £161 million a year ago. Basic earnings per share were 7.0 pence against 1.0 pence a year ago. Return on average tangible shareholders' equity was 9.8% against 1.4% a year ago. Return on average shareholders' equity was 8.4% against 1.2% a year ago.

SUPERVALU Considering Spinning-Off Save-A-Lot

SUPERVALU Inc. (NYSE:SVU) is exploring a spinoff of Save-A-Lot Holdings, Inc. into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses. Save-A-Lot has been focusing on fresh produce and meat and improving its offerings to appeal to a wider customer base, SuperValu said on Tuesday. No specific time line has been decided for the possible transaction to take place. Barclays Bank PLC and Greenhill & Co., Inc. (NYSE:GHL) are acting as financial advisors while Wachtell, Lipton, Rosen, and katz is acting as legal advisor.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 28, 2015
MRBL Limited
Merger/Acquisition
November 20, 2014
Barclays Bank PLC, Pakistan
Private Placement
November 8, 2014
Japan Asia Investment Co. Ltd.
 

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