As per the financial statement of Barclays Bank Plc, the bank has been divided into ten major segments which are UK Retail Banking, Barclays Commercial Bank, Barclays Card, Global Retail and Commercial Banking – Western Europe, Emerging Markets and Absa, Barclays Capital, Barclays Global Investors, Barclays Wealth and Head office functions and other operations.
Retail Banking, which includes UK Retail Banking, Barclays Commercial Bank, Barclays Card and Global Retail and Commercial Banking – Western Europe, Emerging Markets and Absa, is the primary business of the bank which caters Local Business, Customer Lendings, Home Finance and others. Through various retail banking products, the bank has been able to attract a diverse range of customers and organizations. In addition, the bank generates significant revenue from its commercial banking operation.
Barclays provides banking services to organizations, having an annual turnover of more than £1 million, which includes specialist asset financing and lease financing. Investment banking includes Barclays Capital, Barclays Global Investors and Barclays Wealth. These operating segments provide financial solutions relating to investment risk management to an expanded array of corporate, institutional and government clients. These particular operating segments also deal with providing financial assistance related to mergers and acquisitions, capital raising, corporate lendings, and foreign currency risk management. Head office and other functions operations comprise head office and central support functions. Areas covered by this segment comprise of finance, treasury, human resource management, tax compliance, strategy management, and others. The segment .disclosure of the bank elaborates on the products and services being offered, and it also presents the financial outlook in terms of revenue generated and expenses incurred. .