By Jonathan Davies

Barclays has paid £16.5 million in share awards to 11 of its top executives, half the amount paid last year.

2014's share payouts reached £32m, sparking huge criticism over excessive pay and bonuses when the bank's profits were down.

Tom King, head of the investment bank, received the highest amount with shares worth £4.7m. Chief executive Antony Jenkins, who took his first bonus in three years last year, received £4.3m.

According to a regulatory filing, another nine senior executives received almost three million shares at with Barclays' share price at £2.535 on the day they were paid out.

Earlier this month, Barlcays reported a 21% fall in profits for 2014 as it set aside more than £1 billion to cover the costs of expected fines from an investigation into foreign exchange markets.