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Description |
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Corporate Banking provides relationship
banking to the Group’s corporate customers.
UK customers are served by a network of 1,200
specialist relationship managers who provide
access to an extensive range of products.
Corporate Banking also offers customers access
to business centres in the rest of Europe, the
United States and the Middle East. In addition,
the Miami office provides finance and
correspondent banking services to the Group’s
customers in Latin America. Corporate Banking
now includes Barclays B2B.com, a new venture
which provides a range of internet based
business to business services.
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2000 |
1999 |
| Performance highlights |
£m |
£m |
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| Total income |
2,070 |
1,943 |
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| Total costs |
(870) |
(863) |
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| Provisions for bad and |
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| doubtful debts |
(124) |
(120) |
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| Loss from associated |
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| undertakings |
(6) |
(13) |
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| Operating profit |
1,070 |
947 |
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Operating profit increased 13%. Net interest
income rose by 6% reflecting growth in average
customer lending business. Net fees and
commissions increased by 9% as a result of
growth in lending related fees. |
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| Key facts |
2000 |
1999 |
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| UK corporate connections |
113,600 |
112,400 |
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| Customers registered for |
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electronic banking |
43,000 |
29,400 |
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