Barclays profit up 83 percent

Barclays profit up 83 percent

Barclays profit up 83 percent By Ndafadza Madanha BARCLAYS recorded an 83 percent jump to US$19.8M  in profit after tax spurred by net interest income and non funded income. Net Interest income was up 17 percent and non funded income rose by 26 percent owing to transactional volume growth. “The period under review reflects financials buttressed by strong revenue growth led by treasury income which grew by 55 percent. Interest earning assets grew by 10 percent whilst fees and commissions grew by 13 percent year on year, largely from volume on card…

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