"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)