Barclays Bank first half profits has been announced for 2009

Barclays Bank first half profits have just been announced for 2009 and are £2.98 billion, eight per cent higher than last year for the same period in 2008 which was £2.75 billion.

Driving the successful performance for Barclays was their investment banking division Barclays Capital.

On the down side, they did have less successful performance from their retail banking division were their profits have dropped by over half when comparing to last year.

The investments they have made, in international businesses is what is driving their strong performance for the bank even in this current weak economic climate.

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