Bank puts aside extra cash to cover potential loan defaults amid fears over effects from Ukraine war
Barclays has become the latest UK bank to warn over the impact of the cost of living crisis, saying that its customers were already facing “harder conditions” as a result of surging inflation.
It came as the bank put aside an extra £141m to cover potential defaults on its loans in the first quarter, nearly three times the amount put aside during the same period in 2021, but lower than the £299m that analysts had forecast.
