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Description |
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Barclaycard is the leading credit card business
in Europe with operations in the United Kingdom,
Germany, France, Spain and Greece. It offers a
full range of credit card services to individual
customers, together with card payment facilities
to retailers and other businesses.
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2000 |
1999 |
| Performance highlights |
£m |
£m |
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| Total income |
1,069 |
968 |
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| Total costs |
(410) |
(397) |
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| Provisions for bad and |
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| doubtful debts |
(239) |
(170) |
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| Loss from joint ventures |
(2) |
– |
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| Operating profit |
418 |
401 |
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Barclaycard’s operating profit increased 4% to
£418 million. Net interest income improved by
12% benefiting from continued strong growth
in average UK extended credit balances. Net fees
and commissions increased 9% principally
reflecting cardholder turnover.
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| Key facts |
2000 |
1999 |
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| Cards issued overseas |
1.2m |
1.0m |
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| UK customers |
7.9m |
7.5m |
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| Customers registered |
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| for on-line services |
388,000 |
111,000 |
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| Retailer relationships |
81,000 |
79,000 |
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