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		</div><p>Barclays boss Jes Staley said the British bank is &#8220;just months away&#8221; from completing an overhaul as he unveiled a surge in annual profits.</p>
<p>The lender said bottom-line group profits nearly trebled to £3.23 billion from £1.15 billion a year earlier, while it posted a 4% rise in underlying pre-tax profits to £6.4 billion for its core business &#8211; Barclays UK and Barclays International.</p>
<p>Mr Staley, who has been selling down and offloading unwanted businesses to focus on US and UK operations, said the group had &#8220;accomplished a lot in a year&#8221;.</p>
<p>He added: &#8220;We are now just months away from completing the restructuring of Barclays, and I am more optimistic than ever for our prospects in 2017, and beyond.&#8221;</p>
<p>Profits for the year were helped by a revenue boost from its investment banking operations, which saw income lift 6% to £10.5 billion thanks to buoyant bond trading and foreign exchange rates.</p>
<p>It also saw lower costs for payment protection insurance (PPI) compensation, at £1 billion in 2016 against £2.8 billion the previous year.</p>
<p>The group said it planned to close its so-called non-core bank on June 30, six months earlier than expected.</p>
<p>Mr Staley has been leading a widespread restructuring for the past year, offloading businesses from France to Egypt and moving to sell off its 62% stake in Barclays Africa.</p>
<p>Chairman John McFarlane said it was a &#8220;pivotal year&#8221; for the bank.<br />
In its annual report published alongside the results, the bank revealed Mr Staley was awarded a £4.23 million pay package for 2016.</p>
<p>The bank&#8217;s total bonus pool edged down to £1.53 billion from £1.54 billion in 2015.</p>
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