Barclays bank in quarterly loss
13:39, 31 October 2012
LONDON. October 31. KAZINFORM Barclays banks has reported a pre-tax statutory loss of £47m for the three months to September, against a £2.4bn profit for the quarter last year.
The loss comes after charges to cover the payment protection insurance mis-selling scandal, BBC informed.
Barclays' adjusted profits, not including additional charges, were £1.7bn, up from £1.3bn for the quarter last year.
It takes profits for the nine months to 30 September to £5.9bn, up 18%.
Chief executive Antony Jenkins said the results show "good momentum in our businesses despite the difficulties we faced through this period".
The bank has also been embroiled in the Libor interest-rate fixing scandal.