LONDON (Reuters) – Barclays reported its annual profit more than doubled as bad loan charges plunged and its investment bank continued its strong recent performance amid market volatility in the COVID-19 pandemic.
The British lender on Wednesday reported profit before tax for 2021 of 8.4 billion pounds ($11.42 billion), up from 3.1 billion pounds a year ago and above the average analysts’ forecast of 8.1 billion pounds.
($1 = 0.7357 pounds)
(Reporting By Lawrence White and Iain Withers, Editing by John O’Donnell)
