By Elena Vardon
Barclays lowered its U.K. net interest margin guidance for 2023 as it posted third-quarter results.
The British bank on Tuesday said its now expects its net interest margin for Barclays U.K. to come between 3.05% and 3.10%. It had guided for a 2023 margin of no more than 3.20% at its half-year results in July with a view of around 3.15%.
The lender said its net interest margin for the three months ended Sept. 30 was 3.04%, following a 3.22% margin for the second quarter.
Write to Elena Vardon at [email protected]
