Barclays' pre-tax profit for Q1 soared by 47% on the same period last year to £1.82bn, helped by a reduction in bad debts.
The banking giant said there were signs the economic recovery had started as its underlying profit, excluding gains on acquisition and disposals, rose a huge 90%.
Its strengthened investment banking unit continued to perform strongly with profit before tax up 47% to £1.47bn.
Retail banking also made a big contribution to the profit rise, up 20% to £238m. However, this included a £71m profit on the acquisition of Standard Life Bank.
£300bn of liabilities
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