Libor scandal: Barclays still one of the big guns

By SCOTT MACNAB
Published on 03/07/2012 01:17

DESPITE being engulfed in the rate-rigging scandal, Barclays is still one of the 20 most profitable banks in the world.

Last year’s profit of $9.1 billion (£5.8bn) put it 18th on The Banker magazine’s list of the biggest 1,000 lenders.

HSBC was the only UK bank to better it, coming in seventh, with a surplus of $21.9bn. Overall, UK banks lost out amid strong competition from the Chinese.

Taxpayer-backed Royal Bank of Scotland and Lloyds featured in a list of the 25 worst losses, after notching up deficits of $1.1bn and $5.5bn respectively.

Top profits

1 Industrial Commercial Bank of China $43.2bn

2 China Construction Bank $34.8bn

3 Bank of China $26.8bn

4 JP Morgan Chase & Co $26.7bn

5 Agricultural Bank of China $25.1bn

6 Wells Fargo & Co $23.3bn

7 HSBC Holdings $21.9bn

8 Mitsubishi UFJ $17.6bn

9 Citigroup $14.7bn

10 BNP Paribas $12.5bn

11 Sberbank $12.3 bn

12 Bank of Communications $10.4bn

13 Banco Santander $10.2 bn

14 Sumitomo Mitsui $10.1bn

15 Itau Unibanco Holding $9.7 bn

18 Barclays $9bn

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