|Bank name and Sort Code||Information|
Barclays Bank Plc
Sort Code: 207858
SLOUGH QUEENSMERE Leicestershire, LE87 2BB
Phone: (845) 7555555
Sort Code UK bank: SLOUGH QUEENSMERE Leicestershire, LE87 2BB, Barclays Bank Plc Location in Leicester
Revenues of four major United Kingdom banks in 2012 amounted to 108 billion pounds ($ 164 billion), or 13% less than in 2008. Seven United Kingdom banks in 2008 have reduced rates for customers by 1.5 percentage points, in accordance with the reduction of the discount rate of the Bank of England (Central Bank of the UK). The UK government guarantees limited amounts on private deposits and United Kingdom banks are afraid of mass outflow of client funds to the neighboring Ireland. The authorities of the United Kingdom have agreed to sell the United Kingdom bank, Northern Rock, turned out in the summer of 2008 on the verge of bankruptcy, to a foreign investor from the Middle East. United Kingdom banks are short of capital in the amount of 25 billion pounds, which they must eliminate until the end of 2013 by bringing in new money and restructuring. The British government provided guarantees on assets of the United Kingdom banks Royal Bank of Scotland and Lloyds in the amount of 500 billion pounds (716 billion dollars) in exchange for a commitment from their side to increase lending by 40 billion pounds (57 billion dollars). The United Kingdom banks, who have more than 25 billion pounds invested into quality assets, joined the insurance program of "toxic" assets in 2009, which will insure them against losses on the riskiest assets. The second largest United Kingdom bank Barclays Plc increased its pre-tax profit in the first half of 2012 by 13% year on year to 4.23 billion pounds (6.6 billion dollars).
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