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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Barclays Plc | LSE:BARC | London | Ordinary Share | GB0031348658 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.86 | 1.01% | 185.84 | 185.34 | 185.40 | 185.90 | 181.50 | 182.28 | 66,770,859 | 16:35:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 25.38B | 5.26B | 0.3470 | 5.34 | 28.09B |
From Apr 2019 to Apr 2024
MADRID—Barclays PLC has sold its Portuguese retail-banking business to Spain's Bankinter SA, as the British bank scales back its presence in less profitable markets.
Bankinter, Spain's No. 7 bank by market value, said it would pay around €100 million ($112 million) for Barclays's commercial, private and corporate banking units. The purchase is Bankinter's second international operation in its history, as small Spanish banks increasingly look abroad to counterbalance sluggish loan demand at home while also battling rock-bottom interest rates.
Bankinter is acquiring 84 bank branches in Portugal and 1,000 employees, the Spanish bank said in a regulatory filing.
Last September, Barclays sold its Spanish retail banking division to Spain's Caixabank SA. The sales are part of a global retrenchment by the British bank as it seeks to shed less profitable units in its vast banking business.
A unit jointly owned by Bankinter and Spanish insurer Mapfre SA is also buying Barclays's life insurance and pension unit for around €75 million, Bankinter said.
Write to Jeannette Neumann at jeannette.neumann@wsj.com
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(END) Dow Jones Newswires
September 02, 2015 15:45 ET (19:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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