British bank Barclays said Monday that the group's pre-tax profits soared to £2.42 billion (2.76 billion euros, $3.87 billion) in the third quarter as it slashed its exposure to eurozone debt. Pre-tax profits had stood at £327 million in the third quarter of 2010, Barclays said in a statement. Barclays said its sovereign exposure to Greece, Ireland, Italy, Portugal and Spain was reduced by 31 percent to £8.0 billion in the third quarter. "Eurozone country exposures continue to be managed closely and valued appropriately," the bank added.
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All rights reserved to Arab Today Media Group 2021 ©
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