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Barclays buys Expobank and calendar girls


03.03.08

Barclays today spiced up its image when it agreed to buy a Russian bank whose staff have posed for a saucy 2008 calendar.

Barclays struck a £373 million deal for its Moscow-based rival, Expobank, as it looks to expand in emerging markets. However, the calendar featuring scantily-clad women employees ranging from secretaries to senior executives and top economists, will raise eyebrows in the City.

Asked to explain the calendar, Expobank said: "We wanted to make a pleasant surprise for our clients."

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No doubt the directors at Barclays are well pleased with themselves as a result of this acquisition however . . .

What the average Barclays' customer wants is:-

[1] better interest rates and

[2] a decent level of customer service!

I doubt very much whether Barclays will be transferring any of these "scantily-clad women employees ranging from secretaries to senior executives and top economists" TO LONDON so, what's the big deal?

- Fraser, Telford Park


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