Feb 23, 2017
Barclays full-year profits almost treble to £3.2bn
Its reorganisation has included the sale of its Africa business. Barclays has also been selling off other parts of the business which the bank deems "Non-core", and it said it would bring forward the closure of the unit dealing with this by six months. Chief executive Jes Staley said the "Non-core" unit would close on 30 June. "We are now just months away from completing the restructuring of Barclays, and I am more optimistic than ever for our prospects in 2017, and beyond," Mr Staley said. Barclays said in 2016 its core capital ratio, a key measure of financial strength, rose to 12.4% against analysts' expectations it would only climb to 11.8%..
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