Barclays Bank

Barclays Bank

 

one of the largest British joint-stock commercial (deposit) banks. One of the “Big Five.”

Barclays Bank arose as a private bank in the 17th century and became Barclay and Company in 1896. Since 1917, Barclays Bank has swallowed up over 80 other banks. It heads the Barclay bank group, which includes the subsidiary banks Barclays Bank (France) and Barclays Bank (Dominion, Colonial and Overseas), which has about 1,700 branches in Africa, the Middle East, Latin America, and elsewhere.

Barclays Bank collaborates with the major banks of Belgium, the USA, West Germany, and other countries. It is linked by personal ties with large military, machine-building, shipbuilding, metallurgical, chemical, and other concerns (such as the Vickers and Ford Motor firms), and major shipping and insurance companies. It handles all types of banking activity. The Barclay group has over 5,000 branches (putting it in first place among capitalist banks in number of branches), 3,400 of which are in England and Wales. In 1968, Barclays Bank merged with Britain’s sixth largest bank, Martins Bank. At the beginning of 1969, the consolidated bank had a joint-stock capital of £83.4 million, reserves of £86.1 million, a balance of £6 billion, deposits of £5.3 billion, loans of £2.7 billion, bills discounted of £300 million, and investments of £700 million.

M. IU. BORTNIK

References in periodicals archive ?
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UK-based financial services firm Barclays Bank plc (NYSE: BCS) has agreed to sell its retail and corporate banking business in Egypt to Moroccan FI Attijariwafa Bank S.
Attijariwafa bank and Barclays Bank PLC announced that they have signed today in Cairo an agreement whereby Attijariwafa bank will acquire 100 per cent of the share capital of Barclays Bank Egypt from Barclays Bank PLC, subject to regulatory approvals from, among others, the Central Bank of Egypt and Central Bank of Morocco.
Summary: Barclays Bank Plc announced it will exit Africa as the Barclays Africa Group underlined its commitment to the continent
The statement said Barclays Bank Egypt will be included within Barclays Non-Corebusiness sector, which was launched by the bank in May 2014 to supervise the businesses that itintends to sell or exit from it.
Youngsters from Capcoch Primary School, in Aberdare, Rhondda Cynon Taf, have been working with Barclays Bank to tackle real-life problems in a work setting.
Karachi -- HBL, Pakistans largest bank, announced that it has entered into an agreement with Barclays Bank PLC for the acquisition of the Barclays banking business in Pakistan.