Accounts just filed for Barclays Bank Ireland Plc for the year to the end of December 2020 show that it recorded an after-tax loss of €118 million, compared with a profit of €19 million a year earlier. This was due to a higher impairment charge (€280m), losses incurred on its Italian mortgage portfolio and certain funding costs. Its total income rose by €119 million to €847 million, largely reflecting the migration of activities to the Irish unit from other Barclays group entities. CapabilityIn a statement issued to The Irish Times, Barclays Bank Ireland said: “The significantly enhanced scale and capability of Barclays Bank Ireland has continued to have a positive impact on the levels of business. Its activities comprise corporate and investment banking, consumer cards and payments, and an Italian mortgage portfolio that is being run down.

Source: The Irish Times March 11, 2021 20:29 UTC