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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
October
04, 2016
Barclays PLC and
Barclays Bank PLC
(Names
of Registrants)
1 Churchill Place
London E14 5HP
England
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual
reports
Under
cover of Form 20-F or Form 40-F.
Form
20-F x
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No x
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
This
Report is a joint Report on Form 6-K filed by Barclays PLC and
Barclays
Bank
PLC. All of the issued ordinary share capital of Barclays Bank PLC
is
owned
by Barclays PLC.
This
Report comprises:
Information
given to The London Stock Exchange and furnished pursuant
to
General
Instruction B to the General Instructions to Form 6-K.
EXHIBIT
INDEX
Sale of
Barclays Bank Egypt dated 04 October 2016
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each of
the registrants has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
BARCLAYS
PLC
(Registrant)
Date:
October 04, 2016
By: /s/
Patrick Gonsalves
----------------------
Patrick
Gonsalves
Deputy
Secretary
BARCLAYS
BANK PLC
(Registrant)
Date: October
04, 2016
By: /s/
Patrick Gonsalves
----------------------
Patrick
Gonsalves
Joint
Company Secretary
Barclays Non-Core progress continues with sale of Barclays Bank
Egypt
Barclays
Bank PLC ("Barclays") has today agreed to sell its Retail and
Corporate Banking business in Egypt ("Barclays Bank Egypt") to
Attijariwafa Bank S.A.
The
transaction is estimated to result in a proforma Common Equity Tier
1 (CET1) ratio benefit of c.10bps on completion, in part reflecting
an expected reduction in risk weighted assets of approximately
£2bn. This proforma is calculated as at 30 June 2016, and does
not reflect factors affecting the Group's CET1 ratio since 30 June
2016.
Barclays
Bank Egypt has approximately 1,500 employees and 56 branches.
Completion is subject to regulatory approvals, and is currently
expected to occur by the end of 2016.
Jes
Staley, Barclays Group CEO, said: "I am pleased to announce a
further reduction in our Non-Core business. Today's announcement
demonstrates our continued focus on improving the Group's returns
and our ability to execute our strategy quickly."
"I
want to take this opportunity to thank our colleagues in
Egypt. It is their hard work, professionalism and strong
customer and client relationships that have made this business so
attractive to Attijariwafa Bank S.A."
- Ends -
For further information, please contact:
|
Investor Relations
|
Media Relations
|
|
Kathryn McLeland
|
Tom Hoskin
|
|
+44 (0) 20 7116 4943
|
+ 44 (0) 20 7116 4755
|
About Barclays
Barclays
is a transatlantic consumer, corporate and investment bank offering
products and services across personal, corporate and investment
banking, credit cards and wealth management, with a strong presence
in our two home markets of the UK and the US.
With
over 325 years of history and expertise in banking, Barclays
operates in over 40 countries and employs approximately 130,000
people. Barclays moves, lends, invests and protects money for
customers and clients worldwide.
For further information about Barclays, please visit our
website home.barclays
Information regarding forward-looking statements
This announcement contains forward-looking statements within the
meaning of Section 21E of the US Securities Exchange Act of 1934,
as amended, and Section 27A of the US Securities Act of 1933, as
amended, with respect to the Barclays group. These statements are
based on the current beliefs and expectations of Barclays'
management and are subject to significant risks and uncertainties.
Actual outcomes may differ materially from those expressed in the
forward-looking statements. Factors that could impact Barclays'
future financial condition and performance are identified in our
filings with the Securities and Exchange Commission ("SEC")
(including, without limitation, our Annual Report on Form 20-F for
the fiscal year ended 31 December 2015) which are available on the
SEC's website (www.sec.gov).
Subject to Barclays' obligations under the applicable laws and
regulations of the United Kingdom and the United States in relation
to disclosure and ongoing information, Barclays does not undertake
to update the forward-looking statements to reflect the impact of
circumstances or events that may arise after the date of the
forward-looking statements.