According to Euromoney, Barclays received the award following a year of determination in building a successful business. The structure contributed to the highest gains in the market share and a formidable financial performance outpacing the closest competitors. Barclays markets business had the best first-half performance in 2020, generating an income of about 63%. The performance helped clients deal with the economic impact of the coronavirus pandemic.
Barclay’s H1 2020 income grows by 62%
During H1 2020, Barclay’s markets registered an income of £4,564 million, representing a growth of 62.65% compared to £2,806million registered during the same period last year. On the other hand, Barclay’s FICC income increased 83% thanks to strong performances in macro and credit. Barclays Global Heads of Market Stephen Dainton acknowledged the award detailing the bank’s transformational journey. According to Dainton; The award comes barely a year after Euromoney named Barclay as the Best Bank in the UK and Best investment bank in the UK. The bank was also feted for its response to the coronavirus pandemic by the Excellence in leadership in Western Europe.
