Barclays Offloads German Consumer Finance Arm to BAWAG in Major Simplification Push
2025-02-03
This Is Money on MSN.com
In a bid to streamline its operations, Barclays has finalized the sale of its German consumer finance business to Austrian banking group BAWAG. This move is part of a broader strategy to simplify the British lender's structure and concentrate on its core corporate, investment banking, and private banking services. By shedding non-core assets, Barclays aims to boost efficiency and enhance its focus on key business areas, including corporate banking and wealth management. This strategic shift is expected to drive long-term growth and profitability for the bank.
