Barclays is looking into expanding its share in markets, including the U.S. and Germany, with new money freed up through its exit from the African business.
The British multinational banking corporation is looking into using its credit card business to spearhead its growth as it has quadrupled the bank’s profit over the last decade. Today, Barclaycard contributes a fourth of the bank’s overall profit and generates the highest returns, thereby helping the bank keep its head over the water.