barclays profit soars in third quarter
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Barclays profit soars in third quarter

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Arab Today, arab today Barclays profit soars in third quarter

London - AFP

British bank Barclays said Monday that the group's pre-tax profits soared to £2.42 billion (2.76 billion euros, $3.87 billion) in the third quarter as it slashed its exposure to eurozone debt. Pre-tax profits had stood at £327 million in the third quarter of 2010, Barclays said in a statement. Barclays said its sovereign exposure to Greece, Ireland, Italy, Portugal and Spain was reduced by 31 percent to £8.0 billion in the third quarter. "Eurozone country exposures continue to be managed closely and valued appropriately," the bank added.

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