10JS Cred Ag Co 22

RNS No 4017a
BARCLAYS BANK PLC
7th August 1997


                         BARCLAYS BANK PLC
                                      
               INTERIM RESULTS ANNOUNCEMENT FOR 1997
                                      

The Directors report the following results of the Barclays Bank PLC Group
for the half-year ended 30th June 1997:

                                           Half-year ended
                                    30.6.97   31.12.96     30.6.96
                                         #m         #m          #m
                                                                  
Profit on ordinary activities         1,271      1,036       1,270
before tax
                                                                  
Tax on profit on ordinary             (346)      (257)       (363)
activities
                                     ------     ------      ------
Profit on ordinary activities           925        779         907
after tax
                                                                  
Minority interests - equity            (10)       (10)        (12)
                                     ------     ------      ------
Profit attributable to the              915        769         895
members of Barclays Bank PLC
                                                                  
Dividends payable to Barclays         (495)      (776)       (484)
PLC
                                                                  
Dividends payable to preference        (12)       (12)        (13)
shareholders
                                     ------     ------      ------
Profit retained                         408       (19)         398
                                     ======     ======      ======

NOTES

1  The whole of the issued ordinary share capital of the Bank is owned by
   Barclays PLC.

   The Bank also has in issue listed non-cumulative dollar-denominated
   preference shares, dated loan capital and undated loan capital.

2  Under the Urgent Issues Task Force abstract 16 (UITF 16), profit before
   tax and the tax charge no longer include notional tax on certain
   structured product and leasing transactions.  For certain other
   transactions, grossing up, where appropriate, is required to be made at
   the underlying rate of tax, rather than the standard rate.  Comparative
   figures have been restated, reducing both profit before tax and the tax
   charge by #26m in the first half of 1996 and #24m in the second half.
   The restatements include #4m in each half arising from changes to the
   profit profile on certain leases as a consequence of implementing UITF
   16.  Profit after tax and shareholders' funds are unchanged.  Other than
   the above, there have been no changes to the accounting policies as
   described in the 1996 annual report.

3  The rates of dividend for preference shares were set out in an
   announcement on 11th July 1997.



END

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