The reported quarterly performance was impacted by a one-off provision charge on UK and US credit card portfolios. The additional PPI-related provision was offset by the gain on the sale of Barclays Analytics and Index Solutions. The core division has continued to enjoy good revenue momentum and efficiency gains while the run-off of the non-core division has remained on track with the objective to close it in 2017.
27 Oct 2016
One-off coverage increase on UK and US credit card portfolios
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One-off coverage increase on UK and US credit card portfolios
Barclays PLC (BARC:LON) | 216 3.6 0.8% | Mkt Cap: 32,295m
- Published:
27 Oct 2016 -
Author:
David Grinsztajn -
Pages:
3
The reported quarterly performance was impacted by a one-off provision charge on UK and US credit card portfolios. The additional PPI-related provision was offset by the gain on the sale of Barclays Analytics and Index Solutions. The core division has continued to enjoy good revenue momentum and efficiency gains while the run-off of the non-core division has remained on track with the objective to close it in 2017.