The bank reported a net operating income of £5.1bn for Q4 2021, a 16% increase compared to £4.4bn for the corresponding quarter in 2020
The Barclays Head Office in London. (Credit: Matt Brown/Wikipedia)
Barclays has reported a net profit of £1.1bn for the fourth quarter ended 31 December 2021, compared to £220m for the corresponding period of the previous year.
The British bank has reported a profit before tax of £1.5bn for the fourth quarter (Q4) 2021, a 128% rise compared to £646m for the same quarter the previous year.
The lender reported a net operating income of £5.1bn for Q4 2021, a 16% increase compared to £4.4bn for the corresponding quarter in 2020.
The company reported a net interest income of £2.2bn for Q4 2021, a 22% increase compared to £1.8bn for the same period in 2020.
Its return on average tangible equity for the reported period was 9.3%, which increased compared to 1.8% for the corresponding quarter last year.
Barclays Group chief executive CS Venkatakrishnan said: “Barclays demonstrated a clear and sustainable path to growth over the course of 2021, delivering double-digit RoTE across our operating businesses, and returning £2.51bn of excess capital.
“Our strategic priorities will continue to develop the diversified business model that we have established, investing in advanced technology capabilities in our consumer businesses, delivering sustainable growth across our global Corporate and Investment Bank, and reinforcing our commitment to aiding the transition to a low-carbon economy.”
Barclays reported a net profit of £6.4bn for the year ended 31 December 2021, compared to £1.5bn for the full year 2020.
The bank has reported a profit before tax of £8.4bn for the year ended 31 December 2021, a 180% rise compared to £3bn for the full year 2020.
The company reported a net operating income of £22.5bn for the year ended 31 December 2021, a 33% increase compared to £16.9bn for the full year 2020.
It has reported a net interest income of £8bn for the year ended 31 December 2021, a 1% decline compared to £8.1bn for the full year 2020.
Earlier this month, Barclays has been selected by corporate venture builder Rainmaking, as an innovation partner.
Under the partnership, Barclays will launch a new suite of initiatives targeted at FinTech founders across the globe, to help grow and develop their companies.