Barclays Bank is a global universal bank, offering retail, private, corporate and investment banking products and services worldwide. Barclays Bank plc is the head bank of Barclays Group (United Kingdom).
Barclays Bank plc is the 1st largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 1 129,34 bln GBP, providing the bank with the market share of 12.77%. In 2017 the bank's annual profit was -1 937,00 mln GBP.
Barclays Bank plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).
Barclays Bank plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
Barclays Bank plc is headquartered in London.
|Total Assets (2017)|
|1 129.34 bln GBP (-6.97%)|
In 2017 total assets of Barclays Bank plc were 1 129.34 bln GBP. Decline compared to the previous period (2016) was -6.97%. The evolution of the total assets of Barclays Bank plc is shown at Chart 1 below.
Chart 1. Total Assets of Barclays Bank plc.
|Annual Profit (2017)|
|-1 937 000 000.00 GBP|
|Net Income (2017)|
|-1 937 000 000.00 GBP|
In 2017 annual profit of Barclays Bank plc was -1 937 000 000.00 GBP. Decline compared to the previous period (2016) was -167.56%. The evolution of the annual profit of Barclays Bank plc is shown at Chart 2 below.
Chart 2. Annual Profit of Barclays Bank plc.
In 2017 net income of Barclays Bank plc was -1 937 000 000.00 GBP. Decline compared to the previous period (2016) was -167.56%. The evolution of the net income of Barclays Bank plc is shown at Chart 3 below.
Chart 3. Net Income of Barclays Bank plc.
|A (high credit quality)||A2 (upper medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Barclays Bank plc is rated by Fitch and Moody's.
Credit ratings assigned to Barclays Bank plc as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Barclays Bank plc it is set to A (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Barclays Bank plc is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for Barclays Bank plc is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for Barclays Bank plc it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa3. Short-term rating is set to Ba2.
|Long-Term Bank Deposit Rating||A2|
|Baseline Credit Assessment||baa3|
Outlook for the ratings of Barclays Bank plc is set to stable (not likely to change).
|Yes (up to 85 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.
In the case of Barclays Bank plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85 000 GBP|
|Paid In Currency||GBP|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Barclays Bank plc and its components are shown in the table below.
|Bank BIC Code||BARC|
|Country Code||GB (United Kingdom)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Barclays Bank plc is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The following banks operating under Barclays Bank brand name has been recently closed down: