bar clay
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Type Public
LSE: BARC
NYSE: BCS
Industry Banking
Financial services
Founded 1690
Headquarters Tower Hamlets, London, England, UKArea served Worldwide
Key people Marcus Agius
(Group Chairman) John S. Varley
(Group Chief Executive) Robert Diamond
(President)
Products Retail banking
Commercial banking
Investment banking
Investment management
Private Equity
Revenue £29.954 billion (2009)[1]
Operating income £4.585 billion (2009)[1]
Net income £3.511 billion (2009)[1]
Total assets £1.378 trillion (2009)[1]
Total equity £47.27 billion (2009)[1]
Employees 145,000 (2010)[2]
Subsidiaries Barclays Bank plc
History
Barclays is currently the fourth largest retail and business bank in the United Kingdom. It is also one
of the top ten largest financial banks in the world. The bank has been banking for more than three
hundred years ago, in the city of London. In 1690, the bank was established by John Freame and his
associate, Thomas Gould, in Lombard Street. In 1736, the business was renamed as 'Barclays' when,
James Barclays (who had married to John Freame's only daughter) became a business partner. The
bank was involved in protecting their customer's (goldsmith bankers) gold deposits, and loaning
money to worthy monarchs and merchants
Barclaycard, the first credit card in the UK, was launched in 1966 and in 1967 Barclays
unveiled the world's first ATM cash machine at Enfield, north London. British actor Reg
Varney was the first one to use the ATM.
In 1969 the planned merger with Martins Bank and Lloyds Bank was blocked by the Mergers
and Monopolies Commission but the acquisition of Martins Bank on its own was allowed.
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In 1980, Barclays Bank International expanded its business to include commercial credit and
took over American Credit Corporation, renaming it BarclaysAmerican
In 1985 Barclays introduced Connect , the first debit card in the United Kingdom. The Connect
brand was used on all Barclays debit cards until July 2010.
About Barclays Bank
Barclays PLC is a leading British financial firm that provides financial services to its
customers. Barclays Bank India is among one of the most respected foreign bank in the
country providing services to over 9 lakh clients. Globally, Barclays PLC has been ranked as
the 25th largest company by Forbes Magazine. Datamonitor ranked Barclays as the largest
financial services provider globally with $3.7 trillion in terms of market share. Barclays has
extensive international presence in more than 50 countries in Europe, USA, Asia and Africa.
Barclays Bank PLC in the United Kingdom is the sponsor of English Professional League
Football known as the Barclays Premier League.
Barclays PLC is a global giant in international financial services. Its head office is situated in
London City, UK. Being the third largest financial service provider in England, Barclays
promises nothing but the best banking and other services to their customers in India. Thebank has its head office in India is at Mumbai.
Barclays in India
Barclays Corporate India is led by Karan Bhagat, Country Head and Managing Director and
services the needs of over 700,000 clients and customers across the country.
The clients of Barclays Bank India consist of individuals, multi national companies, public
sector companies and a large number of small and medium enterprises. Services consisting of
payment and cash management services, trade, finance, loans, deposits and treasury solutions
are offered to clients. The consumer banking division of Barclays Bank India that was
launched in 2007 offers customers an increasing suite of products and services that are
relevant both to the emerging markets and the current market needs as well. Barclays recently
launched The Latitude Club, a global commercial banking proposition that helps corporate
customers to identify international prospective business partners.
Barclays Bank India: Commercial Banking
All the customers of Barclays Commercial Banking have a dedicated Relationship Manager
to help them manage their funds in the best possible way. The Relationship Managers have
specific industry expertise and experience to understand the financial requirements of the
clients; they also provide access to Sales Financing Managers and International Trade
Managers as required. Some of the commercial banking products of Barclays include trade &
finance, deposits, treasury solutions, payment & cash management, loans and financing.
Barclays Bank Loans
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Barclays Bank India provides various types of loans to customers to take care of their
financial needs. The bank provides home loans, business loans and loans against property based on requirements. Barclay's business loans in India can be taken by partnership firms,
self employed individuals, sole proprietorship firms and private limited companies. All the
loans have easy repayment options making it easy for everyone who take the loan to pay back
the money.
Barclays Bank NRI Banking
Barclays Bank India has a wide range of financial products that are specifically designed
keeping in mind the requirement of NRI clients. Some of the facilities available to NRI
clients include NRI Home Loans, Premier NRI, Non Resident External (NRE) Savings
Account, Investments and Foreign Currency Non Resident (FCNR) Deposits.
Barclays Bank Credit Card
Barclays offers a range of credit cards that makes the whole experience of shopping a very
hassle free one. Some of the cards offered by the bank include:
y TimesofMoney
y Barclaycard Gold
y Barclaycard Platinum
y Yatra Barclaycard Platinum
y Times Card from Barclaycard
y Barclays Premier League Barclaycard
Barclays Consumer Banking services were launched more recently in May 2007,
covering personal loans with lower EMI's and credit cards offering the freedom to the
customers to choose the payment dates.
Our Vision
Barclays are committed to building a world-class organisation. We aspire to be amongst the most
valuable and admired financial services companies in the world:
y A business that leads in its chosen markets
y A portfolio of brands that are synonymous with quality and integrity
y A culture based on high performance and behavioural excellence
In short, a company that becomes a benchmark for all others.
Board of Directors and Executive Committee
The ExCo, as of November 2009, consists of:
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y Robert E. Diamond, Jr. - Group President, Barclays PLC; and CEO, BarclaysCorporate & Investment Banking and Wealth Managemen
Lehman Brothers acquisition
On September 16, 2008, Barclays announced its agreement to purchase, subject to regulatory
approval, the investment-banking and trading divisions of Lehman Brothers, a United Statesfinancial conglomerate that had filed for bankruptcy. In the deal, Barclays will also acquire
the New York headquarters building of Lehman Brothers.
Planned merger with ABN AMRO
In March 2007 Barclays announced plans to merge with ABN AMRO, the largest bank in the
Netherlands.[24]