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Barclays announced its results for 2014 on March 3. Pre-tax profits are up 12%.

The numbers may look rather different when you consider various charges and the hundreds of millions of pounds the bank is setting aside for more potential fines over foreign exchange trading and mis-selling to UK customers.

Statutory pre-tax profits fell 21% to 拢2.26bn in 2014. The bank increased its provision to cover any fallout from a probe into currency market manipulation by 拢750m to 拢1.25bn.

Stripping out this and other provisions and charges, adjusted profits rose 12% to 拢5.5bn.

The bank's chief executive Antony Jenkins said the "Group has never been in a better position since the financial crisis" and therefore taking his bonus for the first time is justified.

"My base salary is 拢1.1 million; my role based pay is 拢950,000 and my bonus was 拢1.1 million," said Mr Jenkins.