Barclays reinstates dividend flags bad loan provisions

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Banking firm Barclays reported full year pre-tax earnings of £3.1 billion and reinstated the dividend with a payment of 1p per share.

The bank raised its provision for potential credit losses to £4.8 billion compared with £1.9 billion the previous year due to 'the deterioration in economic outlook' driven by Covid.

The bank's capital adequacy improved with a Core Equity Tier One (CET1) ratio of 15.1%, an increase of 130 basis points (1.3%) on the previous year.

Barclays declared a 1p per share dividend for last year together with a share buyback of up to £700 million, for a total shareholder return of 5p per share.

At 12:01pm: (LON:BARC) Barclays PLC share price was 0p at 134.16p