Group chief executive CS Venkatakrishnan, known within the bank as Venkat, said: “In 2024, we met our financial targets, delivering for our customers and clients, with operational and financial performance improvement driven by disciplined execution of the three-year plan.”.
The UK bank also enjoyed a boost from taking control of Tesco Bank’s savings, loans and credit cards last year.
Income for its investment bank soared by 28% over the final quarter of the year amid stronger activity in equity markets and increased deal-making.
But Barclays said growth in the UK was partly offset by mortgage costs starting to come down – which means banks generate less income from offering loans.
Barclays has revealed its profits jumped by a quarter last year as the banking giant benefited from a rebound in global investment and deal-making.
