Barclays is a 300-year old financial institution and has had a presence in the UAE for over 30 years. We believe in the long-term economic potential of the region and we remain committed to diversifying our business through our global presence.
Despite the market events of the past two years, Barclays remains a strongly-capitalised, profitable bank – as demonstrated by our 9.2% Core Tier 1 ratio (pro forma) and Shareholders’ Equity of £48.68bn (data as at 30.06.09). Prudent risk management remains a hallmark of our global strategy.
Throughout the recent economic challenges, Barclays Bank PLC is one of only a handful of banks to have maintained a healthy long-term rating of AA- by S&P. In our Q3 Interim Management Statement to the market on 10 November 2009, we announced that we have had another quarter of healthy profits (£1.5bn for the third quarter following £3bn for the first half of 2009). Barclays profitability and consistent growth reflect the resilience and diversification of our portfolio of businesses, as well as our deep understanding and expertise of the evolving financial services landscape.
Customer satisfaction is of the utmost importance to us, so do please contact your relationship manager should you require any further information. However, it remains business as usual and Barclays is very much open for business.
