Barclays swung to a full-year net profit of GBP1.6 billion ($1.99 billion).
The British bank’s management said it was just months away from finishing a restructuring of the U.K. lender.
The bank on Thursday said total income was down 3% over the year to GBP21.5 billion. The bank has continued to exit businesses. However, the bottom line was helped by a surge in revenue at Barclays’s investment bank.
Management have said 2017 should be the year that they normalize after years of constant overhauls. “We are now just months away from completing the restructuring,” Chief Executive Jes Staley said in a statement