In 2016 Barclays Bank PLC decided to close down its business activities in Gibraltar. Barclays Bank transferred the majority of its Gibraltar residential and corporate mortgages and other loans to Gibraltar International Bank.
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 a member of Barclays (United Kingdom).
|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 branches of EEA-banks operating in Gibraltar participate in deposit guarantee schemes of their home countries. This means that Barclays Bank PLC participates in the deposit guarantee scheme of the United Kingdom.
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||GI (Gibraltar)|
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: