LONDON (dpa-AFX) - Barclays (BARC.L, BCS) said Barclays Bank Ireland has
agreed the sale of certain assets and liabilities, which together comprise its
German consumer finance business to BAWAG, a wholly-owned subsidiary of BAWAG
Group AG. BAWAG P.S.K. will acquire Consumer Bank Europe for a small premium to
net assets, payable in cash on completion.

Barclays expects the sale to release approximately 4.0 billion euros of RWAs,
increasing Barclays' CET1 ratio by approximately 10 bps on completion. The
company said the timing of completion does not impact Barclays' previously
announced capital return plans.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX