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Barclays says doesn't expect to raise capital externally

Reuters

LONDON (Reuters) - Barclays (BARC.L) Finance Director Tushar Morzaria said he doesn't expect the bank to have to raise capital from shareholders after it reported second-quarter results that were ahead of expectations.

"We don't expect to be doing external capital raises," Morzaria told reporters on a conference call.

Bernstein analyst Chirantan Barua said in a note on Wednesday there was a significant risk Barclays would have to raise 5 billion pounds from shareholders.

Shares in Barclays were up 3 percent at 0745 GMT (0845 BST).

(Reporting by Matt Scuffham; Editing by Steve Slater)