For the year to December 31 2009, gross new mortgage lending was £14.2bn, down from £22.9bn in 2008 while net new mortgage lending increased by £5.7bn from £82.3bn to reach £88bn in 2009.
Barclays had the same 7% total market share that it had in 2008. Mortgage balances went from £82.3bn to £87.9bn.
The average LTV ratio of the mortgage book was 43%, up from 40% in 2008. The average LTV of new mortgage lending was 48%, up from 47% the previous year.
Redemptions dropped to £8.5bn from £10.4bn. Total loans and advances to customers increased £4.7bn to £99.1bn, while impairment charges increased 55% to £936m.
In total lending, which included lending to businesses, Barclays advanced £35bn.
John Varley, chief executive of Barclays, said: “Our record income performance produced a sharp increase in underlying profitability in 2009.We have strengthened our financial position considerably over the year in the areas of capital, liquidity and leverage and are well positioned to manage further changes that may be required of us by our regulators.”
The 92% rise in pre-tax profits was boosted by the £5.3bn sale of Barclays Global Investors to Blackrock and strong performance from its investment banking arm.
The bank, which did not take any direct state help during the financial crisis, said it will pay £1.5bn in bonuses for 2009 and a further £1.2bn to be paid over three years.
Shares in Barclays jumped nearly 10% this morning.
In 2009 Barclays promised t would make an additional £11bn of lending available to UK households and businesses. However, gross new lending to households and businesses in 2009 totalled some £35bn.
Chris Keane, head of mortgage products at Woolwich, said it was the clearest indication that Barclays has remained open for businesses.
He added :”We have been extending credit on terms which we regard as prudent.We are actually providing a greater share of new lending than we ever have before, and supporting intermediaries without engaging in dual pricing.”
