Barclays profits decreased by 14% at the end of 2022‎

Barclays Bank announced a decline in annual profits by 14 percent, as the cost of a management error that caused excessive selling in securities in the United States exacerbated the impact of mixed performance of the investment banking unit.

According to “Reuters”, the British bank announced recording profits before taxes in 2022 amounting to 7 billion pounds ($ 8.5 billion), down from 8.2 billion pounds in 2021 and slightly less than analysts’ expectations, which amounted to 7.2 billion pounds.

The bank paid a cash dividend of 7.25p per share, in line with expectations, and announced a new £500m share buyback, bringing the total in 2022 to £1bn.