Barclays leads the pack as profits soar

This  puts Barclays on top  of the other two major competitors(Stanchart and FNBB) in the industry as it is  the only  one to  have registered a rise in profits before tax.

Standard chartered bank last week  announced a  23 percent plunge in Profits before tax  to P 285.4 million  while  FNBB, although its financial year ends in June, last month announced a 3 percent plunge profits for the six months  ended December 2009.  For the year up to  June 2009, FNBB  had a profit before tax of P528 million.