Barclays 2011 Annual Report Download - page 176

Financial review
Analysis of results by business continued
Since 1 January 2011 the Group’s activities have been organised under
the following business groupings:
– UK Retail and Business Banking (UK RBB) is a leading UK high street
bank providing current account and savings products and Woolwich
branded mortgages. UK RBB also provides unsecured loans and general
insurance as well as banking and money transmission services to
small and medium sized businesses. UK RBB was previously named
UK Retail Banking;
– Europe Retail and Business Banking (Europe RBB) provides retail
services, including credit cards in Spain, Italy, Portugal and France,
as well as business lending to small and medium sized enterprises,
through a variety of distribution channels. Europe RBB was previously
named Western Europe Retail Banking;
– Africa Retail and Business Banking (Africa RBB) provides retail, corporate
and credit card services across Africa and the Indian Ocean. Africa RBB
combines the operations previously reported as Barclays Africa
and Absa;
– Barclaycard is an international payments services provider for consumer
and business customers including credit cards and consumer lending;
Notes
a Total income net of insurance claims based on counterparty location.
b The geographical regions have been revised since January 2011, Ireland is now included within the Europe and Middle East is now reported with Africa. Comparatives have been updated
to reflect these changes.
Income by Geographic Regiona,b
(audited) 2011
£m
2010
£m
2009
£m
UK 15,819 12,714 12,850
Europe 4,207 4,828 4,455
Americas 6,025 7,742 6,531
Africa and Middle East 4,967 4,997 4,390
Asia 1,274 1,159 897
Total 32,292 31,440 29,123
In 2009, discontinued operations of the Barclays Global Investors business included £432m relating to UK, £1,084m relating to the Americas and
£347m relating to other geographic segments.
Income from individual countries which represent more than 5% of total incomea
(audited) 2011
£m
2010
£m
2009
£m
UK 15,819 12,714 12,850
US 5,802 7,172 5,547
South Africa 3,942 3,684 2,980
– Barclays Capital is the investment banking division of Barclays providing
large corporate, government and institutional clients with a full
spectrum of solutions to meet their strategic advisory, financing and
risk management needs;
– Barclays Corporate provides integrated banking solutions to large
corporates, financial institutions and multinationals in the UK and
internationally;
– Barclays Wealth is the wealth management division of Barclays.
It focuses on private and intermediary clients worldwide, providing
international and private banking, investment management, fiduciary
services and brokerage;
– Investment Management manages the Group’s economic interest
in BlackRock, Inc. and the residual elements relating to Barclays Global
Investors, which was sold on 1 December 2009; and
– Head Office Functions and Other Operations comprise head office
and central support functions, businesses in transition and
consolidation adjustments.
174 Barclays PLC Annual Report 2011 www.barclays.com/annualreport