Barclays is one of the largest financial services groups in the United Kingdom.If you'd like to find out more about us, you've come to the right place.

“Barclays had an excellent year in 2006. We delivered outstanding performance in Barclays Capital and Barclays Global Investors. Momentum has accelerated in UK Retail Banking and Absa has outperformed our acquisition business plan delivering very strong growth. Conditions in UK cards and consumer loans were difficult but Barclaycard UK consumer credit performance is beginning to improve. We are well positioned to deliver further growth in the years ahead.”John Varley, Group Chief Executive 

Excellent financial results reflect the successful execution of strategy: 

- Income up 25% to £21,595m 
- Profit before tax up 35% to £7,136m
- Earnings per share up 32% to 71.9p
- Dividend per share up 17% to 31.0p 

In UK Retail Banking accelerated income momentum drove very strong profit growth.
UK Banking delivered a further three percentage points underlying improvement in the cost:income ratio; the six percentage point target for 2005-2007 has been achieved a year ahead of schedule; we still target a further two percentage point improvement in 2007.
Outstanding growth in Barclays Capital was driven by continued expansion of the business, the success of past investment and the focus of our client driven model.
Barclays Global Investors delivered another year of excellent growth. Assets under management increased US$301bn to US$1.8trn.
Absa’s first full year contribution was well ahead of the acquisition business plan.
Barclaycard profits were affected by industrywide impairment pressures in UK cards and unsecured loans; UK consumer credit performance is beginning to improve.
Approximately 50% of profits came from outside the UK.
Income growth of 25% was well ahead of expense growth of 20%. Expense growth reflected significant investment in organic growth across the business and performance related costs.
Profit before tax excluding gains on business disposals of £323m increased 29% to £6,813m and earnings per share increased 23% to 66.8p.
Strong income momentum going into 2007.
 

2005 Results Announcement 
"bARCLAYS DELIVERED STRONG AND BROADLY BASED PROFIT GROWTH IN 2005. FORTY PERCENT OF OUR PROFITS CAME
FROM OUTSIDE THE UK AS OUR WHOLESALE AND INTERNATIONAL BUSINESSES PERFORMED PARTICULARLY WELL AND AS WE STARTED TO BENEFIT FROM THE aBSA ACQUISITION. fiE MADE GOOD PROGRESS IN THE UK, AND ARE WELL POSITIONED ACROSS THE GROUP FOR FURTHER GROWTH IN 2006."
JOHN ffARLEY, GROUP ¢HIEF eXECUTIVE

sUmmarffi oF Keffi inFormation1
GROUP rESULTS 2005 2004 $ ¢HANGE £M £M
tOTAL INCOME NET OF INSURANCE CLAIMS 17,333 14,108 23
iMPAIRMENT CHARGE AND OTHER CREDIT PROVISIONS (1,571) (1,093) 44
oPERATING EXPENSES (10,527) (8,536) 23
PROFIT BEFORE TAX 5,280 4,580 15
PROFIT ATTRIBUTABLE TO MINORITY INTERESTS (394) (47) 738
PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 3,447 3,254 6
eCONOMIC PROFIT 1,752 1,568 12
eARNINGS PER SHARE 54.4P 51.0P 7
PROPOSED FULL YEAR DIVIDEND PER SHARE 26.6P 24.0P 11
POST-TAX RETURN ON AVERAGE SHAREHOLDERS' EQUITY 21.1$ 21.7$
£M £M $ ¢HANGE
sUMMARY OF DIVISIONAL PROFIT BEFORE TAX2
UK bANKING 2,455 2,265 8
UK rETAIL bANKING 1,027 963 7
UK bUSINESS bANKING 1,428 1,302 10
bARCLAYS ¢APITAL 1,272 1,020 25
bARCLAYS GLOBAL iNVESTORS 542 336 61
fiEALTH mANAGEMENT 172 110 56
bARCLAYCARD 687 843 (19)
iNTERNATIONAL rETAIL AND ¢OMMERCIAL bANKING (ir¢b) 690 293 135
ir¢b - EX aBSA 355 293 21
ir¢b - aBSA 335 - -

PerForman¢e sUmmarffi
• tHE FINANCIAL RESULTS REFLECT PROGRESS IN IMPLEMENTING OUR STRATEGY:
- tOTAL INCOME1 UP 23$ TO £17,333M
- PROFIT BEFORE TAX UP 15$ TO £5,280M
- eARNINGS PER SHARE UP 7$ TO 54.4P
- dIVIDEND PER SHARE UP 11$ TO 26.6P
- eCONOMIC PROFIT UP 12$ TO £1,752M
- rETURN ON AVERAGE SHAREHOLDERS' EQUITY OF 21$.
• UK bANKING PRODUCED GOOD PROFIT2 GROWTH, UP 8$ TO £2,455M, AND OUTPERFORMED ITS PRODUCTIVITY
TARGET FOR 2005 WITH THE COST:INCOME1 RATIO IMPROVING BY THREE PERCENTAGE POINTS VERSUS THE TARGET OF
TWO PERCENTAGE POINTS. UK rETAIL bANKING DELIVERED AN IMPROVEMENT IN PROFITS DRIVEN BY HIGHER
INCOME AND LOWER COSTS AND UK bUSINESS bANKING MAINTAINED STRONG GROWTH.
• bARCLAYS ¢APITAL MAINTAINED ITS EXCELLENT PERFORMANCE, WITH PROFIT2 RISING 25$ TO £1,272M. PROFIT
GROWTH REFLECTED THE SUCCESS OF PAST INVESTMENTS AND HIGHER CUSTOMER DRIVEN REVENUES ACROSS A BROAD
RANGE OF ASSET CLASSES. tHE RATE OF PROFIT GROWTH EXCEEDED THE RATE OF GROWTH IN CAPITAL CONSUMPTION.
• bARCLAYS GLOBAL iNVESTORS ACHIEVED OUTSTANDING RESULTS, WITH PROFIT2 UP 61$ TO £542M, AND DELIVERED A
STRONG INVESTMENT PERFORMANCE. nET NEW ASSETS UNDER MANAGEMENT WERE Us$88BN.
• fiEALTH mANAGEMENT PROFIT2 GREW SIGNIFICANTLY, UP 56$ TO £172M. tHIS REFLECTED BALANCE SHEET
GROWTH ACROSS THE BUSINESS, HIGHER ASSETS UNDER MANAGEMENT AND CLIENT ACTIVITY, AND DISCIPLINED COST
CONTROL.
• bARCLAYCARD PROFIT2 FELL 19$ TO £687M. sTRONG INCOME1 GROWTH WAS OFFSET BY A SIGNIFICANT RISE IN
IMPAIRMENT CHARGES, PRINCIPALLY IN THE UK CARD PORTFOLIOS. bARCLAYCARD PROFITS WERE ALSO ADVERSELY
IMPACTED BY HIGHER COSTS, MAINLY AS A RESULT OF INVESTMENT IN bARCLAYCARD Us (PREVIOUSLY JUNIPER),
WHICH IS PERFORMING ON PLAN.
• iNTERNATIONAL rETAIL AND ¢OMMERCIAL bANKING EXCLUDING aBSA ACHIEVED VERY STRONG GROWTH WITH
PROFIT2 UP 21$ TO £355M. tHERE WERE PARTICULARLY GOOD PERFORMANCES IN eUROPEAN MORTGAGES,
aFRICAN CORPORATE LENDING AND IN THE sPANISH BUSINESS.
• aBSA'S PERFORMANCE WAS EXCELLENT, REFLECTING GOOD BALANCE SHEET GROWTH, STRONG LEVELS OF CUSTOMER
ACTIVITY AND A BENIGN CREDIT ENVIRONMENT. aBSA'S CONTRIBUTION TO PROFIT2 WAS £335M REFLECTING FIVE
MONTHS OF OWNERSHIP AND THE ANNUALISED RETURN ON INVESTMENT BEFORE HEDGING AND FUNDING COSTS IN
THIS PERIOD WAS 13$.
• tHE GROUP'S RESULTS ALSO REFLECT THE BENEFITS REALISED FROM OTHER RECENT ACQUISITIONS, INCLUDING bANCO
fflARAGOZANO IN sPAIN, GERRARD IN THE UK, bARCLAYCARD Us AND THE iVECO FINANCE BUSINESS.
• GROUP INCOME GROWTH1 EXCLUDING aBSA, OF 16$, WAS VERY STRONG AND WELL DIVERSIFIED BY BUSINESS,
INCOME TYPE AND GEOGRAPHY. nON-INTEREST INCOME1 EXCLUDING aBSA ROSE 20$ AND REPRESENTED OVER
HALF OF TOTAL INCOME1.
• tHE INCREASE IN OPERATING EXPENSES EXCLUDING aBSA WAS IN LINE WITH COMPARABLE INCOME1 GROWTH. tHE
INCREASE WAS DRIVEN BY SIGNIFICANT INVESTMENT DIRECTED TO THE GLOBAL PRODUCT BUSINESSES, HIGHER
PERFORMANCE RELATED EXPENSES, THE EXPANSION OF iNTERNATIONAL rETAIL AND ¢OMMERCIAL bANKING AND
HEAD OFFICE RELOCATION COSTS. tHIS WAS PARTLY OFFSET BY A STRONG FOCUS ON COST CONTROL AND BY GOOD
PROGRESS ON UK bANKING PRODUCTIVITY GOALS.