Barclays corporate bank needs five years to meet RoE target

Barclays will take another five years to reach its corporate bank's return on equity (RoE) target as bad loans in Spain drag on its performance, according to head of the unit John Winter.

Barclays will take another five years to reach its corporate bank's return on equity (RoE) target as bad loans in Spain drag on its performance, according to head of the unit John Winter.

The bank is working to achieve a RoE above its cost of equity, which is 11.5%, by 2015.

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