The sale is the latest in a series of exits by Barclays from Continental Europe, as the bank seeks to improve its prospects by accelerating the sale of businesses it does not consider core operations. Barclays has agreed to sell its Barclays consumer payments business in Bancopopular-e and Spain to Spain , as part of its ongoing strategy to dispose of unwanted assets. The business has assets worth £ 1bn , and the deal will result in a reduction in its risk weighted assets of £0.9bn, as well as removing about $1.46 billion of annual costs for Barclaycard , said the bank.
Barclays has agreed to sell its Barclays consumer payments business in Bancopopular-e and Spain to Spain , as part of its ongoing strategy to dispose of unwanted assets. The business has assets worth £ 1bn , and the deal will result in a reduction in its risk weighted assets of £0.9bn, as well as removing about $1.46 billion of annual costs for Barclaycard , said the bank.