On the Record · Barclays
Barclays acquisitions, on the record
The businesses Barclays bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Kensington Mortgage CompanyWord for word“Improving existing propositions and adding innovative new ones are important ways we continue to drive growth in Barclays UK.” 20-F for 2023 | acquisition | — | — |
Italian retail mortgage portfolioWord for word“In FY24 this included the £220m loss on sale of the performing Italian retail mortgage portfolio, the £9m loss on disposal from the German consumer finance business and the £26m loss on sale of the non-performing Italian retail mortgage portfolio.” 20-F for 2024 | divestiture | — | £220m loss on sale |
German consumer finance businessWord for word“In FY24 this included the £220m loss on sale of the performing Italian retail mortgage portfolio, the £9m loss on disposal from the German consumer finance business and the £26m loss on sale of the non-performing Italian retail mortgage portfolio.” 20-F for 2024 | divestiture | — | £9m loss on disposal |
non-performing Italian retail mortgage portfolioWord for word“In FY24 this included the £220m loss on sale of the performing Italian retail mortgage portfolio, the £9m loss on disposal from the German consumer finance business and the £26m loss on sale of the non-performing Italian retail mortgage portfolio.” 20-F for 2024 | divestiture | — | £26m loss on sale |
Luxury CardWord for word“Our acquisition of Luxury Card, a global leader in the premium credit card market, supports our objective to optimise and diversify our broader card portfolio and bring more aspirational experiences to its cardmembers.” 20-F for 2024 | acquisition | — | — |
Best EggWord for word“In 2025, we announced that we had entered into an agreement to acquire Best Egg 1 , a leading US digital direct-to-consumer originator of personal loans.” 20-F for 2025 | agreed acquisition | 2025 | — |
Tesco BankWord for word“On 1 November 2024, the Group completed the acquisition of Tesco Bank.” 20-F for 2025 | acquisition | 1 November 2024 | — |
consumer finance business in GermanyWord for word“• Excluding emissions from Hamburg operations following Barclays' sale of its consumer finance business in Germany on 3 February 2025.” 20-F for 2025 | divestiture | 3 February 2025 | — |
General Motors co-branded card receivablesWord for word“In 2025, we launched a new co-branded card programme with iconic automaker General Motors (GM) and acquired $1.6bn in receivables, further diversifying our mix of card partners.” 20-F for 2025 | acquisition | 2025 | $1.6bn |
Kensington Mortgage Company (KMC)Word for word“Note: 1 Barclays UK acquired Kensington Mortgage Company (KMC) on 1 April 2023 and Tesco Bank on 1 November 2024.” 20-F for 2025 | acquisition | 1 April 2023 | — |
Read from Barclays’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.