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BARC Barclays Plc

201.60
-1.85 (-0.91%)
Last Updated: 13:37:29
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.85 -0.91% 201.60 201.55 201.65 205.35 200.80 204.85 8,772,410 13:37:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.81 30.57B

Barclays Approves More Than GBP1.67 Billion in Loans to Help Companies During Pandemic

07/05/2020 11:59am

Dow Jones News


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By Sabela Ojea

 

Barclays PLC said Thursday that it has approved 1.67 billion pounds ($2.06 billion) in loans to help large and small businesses during the coronavirus pandemic.

The bank said it has approved 5,270 loans valued at more than GBP1 billion as part of the Coronavirus Business Interruption Loan Scheme aimed at large businesses. It said it expects this figure to rapidly increase in the coming weeks.

The London-listed lender also said it approved loans for 20,000 small businesses, which totaled GBP670 million.

"We're continuing to extend credit to companies and there is GBP50 billion of lending limits available to our U.K. clients," Chief Executive Jes Staley said.

Shares at 1017 GMT were up 2.08 pence, or 2.1%, at 102.94 pence.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

May 07, 2020 06:44 ET (10:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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