It has reported 1H net profit of $ 3.1bn , up 25 % YoY. Barclays has announced a 25% rise in half-year profits to £3.1bn just weeks after sacking its chief executive Antony Jenkins. The bank also announced that it has set aside further provisions for several outstanding legal issues ; £ 250mn was set aside for customer redress on packages bank accounts , and £ 600mn more has been set aside for PPI . Barclays ' total provision for PPI now stands at £ ##500 .
It has reported 1H net profit of $ 3.1bn , up 25 % YoY. The bank also announced that it has set aside further provisions for several outstanding legal issues ; £ 250mn was set aside for customer redress on packages bank accounts , and £ 600mn more has been set aside for PPI . Barclays ' total provision for PPI now stands at £ ##500 .