0001191638-15-001281.txt : 20151029 0001191638-15-001281.hdr.sgml : 20151029 20151029083939 ACCESSION NUMBER: 0001191638-15-001281 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151028 FILED AS OF DATE: 20151029 DATE AS OF CHANGE: 20151029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS PLC CENTRAL INDEX KEY: 0000312069 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09246 FILM NUMBER: 151181892 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 00442031340952 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC DATE OF NAME CHANGE: 19850313 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK LTD DATE OF NAME CHANGE: 19820607 6-K 1 barc201510296k.htm 3RD QUARTER RESULTS barc201510296k.htm
 
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
October 29, 2015
 
Barclays PLC and

Barclays Bank PLC
(Names of Registrants)
 
 
 1 Churchill Place

London E14 5HP
England
(Address of Principal Executive Offices)

 
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

 
Form 20-F x           Form 40-F

 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 
Yes           No x

 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):

 
This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays
Bank PLC. All of the issued ordinary share capital of Barclays Bank PLC is
owned by Barclays PLC.

 
This Report comprises:

 
Information given to The London Stock Exchange and furnished pursuant to
General Instruction B to the General Instructions to Form 6-K.


 
 
EXHIBIT INDEX
 
 
Barclays announces 3rd Quarter Results - dated 29 October 2015







 




SIGNATURES

 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
 
 
BARCLAYS PLC
(Registrant)

 
Date: October 29, 2015
 
 
By: /s/ Patrick Gonsalves
----------------------
Patrick Gonsalves
Deputy Secretary
 
 
 
 
BARCLAYS BANK PLC
(Registrant)



Date: October 29, 2015
 
 
By: /s/ Patrick Gonsalves
----------------------
Patrick Gonsalves
Joint Secretary
 
Barclays PLC
Q3 2015 Results Announcement

30 September 2015

 
Table of Contents
 
Results Announcement
Page
Performance Highlights
2-4
Group Performance Review
5-7
Results by Business
8-12
Quarterly Results Summary
13-15
Quarterly Core Results by Business
16-19
Performance Management
  
•Returns and equity by business
20-21
•Margins and balances
22
Condensed Consolidated Financial Statements
23-25
Capital
26-27
Leverage
28
Shareholder Information
29
 

 
 
BARCLAYS PLC, 1 CHURCHILL PLACE, LONDON, E14 5HP, UNITED KINGDOM. TELEPHONE: +44 (0) 20 7116 1000. COMPANY NO. 48839
 

 
Notes

 
The term Barclays or Group refers to Barclays PLC together with its subsidiaries. Unless otherwise stated, the income statement analysis compares the nine months to 30 September 2015 to the corresponding nine months of 2014 and balance sheet analysis as at 30 September 2015 with comparatives relating to 30 June 2015. The abbreviations ‘£m’ and ‘£bn’ represent millions and thousands of millions of Pounds Sterling respectively; and the abbreviations ‘$m’ and ‘$bn’ represent millions and thousands of millions of US Dollars respectively.
 
Comparatives pre Q214 have been restated to reflect the implementation of the Group structure changes and the reallocation of elements of the Head Office results under the revised business structure. These restatements were detailed in our announcement on 10 July 2014, accessible at www.barclays.com/barclays-investor-relations/results-and-reports.
 
References throughout this document to ‘provisions for ongoing investigations and litigation including Foreign Exchange’ means ‘provisions held for certain aspects of ongoing investigations involving certain authorities and litigation including Foreign Exchange.’
 
Adjusted profit before tax, adjusted attributable profit and adjusted performance metrics have been presented to provide a more consistent basis for comparing business performance between periods. Adjusting items are considered to be significant but not representative of the underlying business performance. Items excluded from the adjusted measures are: the impact of own credit; goodwill impairment; provisions for UK customer redress; gain on US Lehman acquisition assets; provisions for ongoing investigations and litigation including Foreign Exchange; losses on sale relating to the Spanish and Portuguese businesses; Education, Social Housing, and Local Authority (ESHLA) valuation revision; and gain on valuation of a component of the defined retirement benefit liability. As management reviews adjusting items at a Group level, results by business are presented excluding these items. The reconciliation of adjusted to statutory performance is done at a Group level only.
 
Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting Standards (IFRS) are explained in the Results glossary that can be accessed at www.barclays.com/results.
 
The information in this announcement, which was approved by the Board of Directors on 28 October 2015 does not comprise statutory accounts within the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2014, which included certain information required for the Joint Annual Report on Form 20-F of Barclays PLC and Barclays Bank PLC to the US Securities and Exchange Commission (SEC) and which contained an unqualified audit report under Section 495 of the Companies Act 2006 (which did not make any statements under Section 498 of the Companies Act 2006) have been delivered to the Registrar of Companies in accordance with Section 441 of the Companies Act 2006.
 
These results will be furnished as a Form 6-K to the SEC as soon as practicable following their publication. Once furnished with the SEC, copies of the Form 6-K will also be available from the Barclays Investor Relations website www.barclays.com/investorrelations and from the SEC’s website at www.sec.gov.
 
Barclays is a frequent issuer in the debt capital markets and regularly meets with investors via formal road-shows and other ad hoc meetings. Consistent with its usual practice, Barclays expects that from time to time over the coming quarter it will meet with investors globally to discuss these results and other matters relating to the Group.
 
Forward-looking statements
 
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group. Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘may’, ‘will’, ‘seek’, ‘continue’, ‘aim’, ‘anticipate’, ‘target’, ‘projected’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘achieve’ or other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding the Group’s future financial position, income growth, assets, impairment charges and provisions, business strategy, capital, leverage and other regulatory ratios, payment of dividends (including dividend pay-out ratios), projected levels of growth in the banking and financial markets, projected costs or savings, original and revised commitments and targets in connection with the strategic cost programme and the Group Strategy Update, rundown of assets and businesses within Barclays Non-Core, estimates of capital expenditures and plans and objectives for future operations, projected employee numbers and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. These may be affected by changes in legislation, the development of standards and interpretations under International Financial Reporting Standards, evolving practices with regard to the interpretation and application of accounting and regulatory standards, the outcome of current and future legal proceedings and regulatory investigations, future levels of conduct provisions, the policies and actions of governmental and regulatory authorities, geopolitical risks and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other regulatory rules (including with regard to the future structure of the Group) applicable to past, current and future periods; UK, US, Africa, Eurozone and global macroeconomic and business conditions; the effects of continued volatility in credit markets; market related risks such as changes in interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities; volatility in capital markets; changes in credit ratings of any entities within the Group or any securities issued by such entities; the potential for one or more countries exiting the Eurozone; the implementation of the strategic cost programme; and the success of future acquisitions, disposals and other strategic transactions. A number of these influences and factors are beyond the Group’s control. As a result, the Group’s actual future results, dividend payments, and capital and leverage ratios may differ materially from the plans, goals, and expectations set forth in the Group’s forward-looking statements. Additional risks and factors which may impact the Group’s future financial condition and performance are identified in our filings with the SEC (including, without limitation, our Annual Report on Form 20-F for the fiscal year ended 31 December 2014), which are available on the SEC’s website at www.sec.gov.
 
Subject to our obligations under the applicable laws and regulations of the United Kingdom and the United States in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward looking statements, whether as a result of new information, future events or otherwise.
 

 
Performance Highlights
 
Chairman’s Review
 
“Today’s results show another quarter of progress in our Core businesses alongside the early effects of some of the changes that we are making.
 
We are pleased that Jes Staley will join us on 1 December as Group Chief Executive Officer, earlier than expected, and we are in the final stage of appointing a Senior Independent Director and Deputy Chairman to replace Sir Mike Rake on his retirement from the Board in the near future.
 
As we align Barclays around our three priorities – focus on core (segments and markets), generating shareholder value, and instilling a high performance culture with strong ethical values - we now have a forward agenda that has been discussed and agreed with Mr. Staley.
 
We will update the market on our plans for structural reform after we have agreed them with the regulator.
 
Now that we have a new CEO in place, we will provide further updates on future direction at the full year results.”
 

John McFarlane, Chairman


  •
4% growth in Group adjusted profit before tax to £5,156m was achieved in the nine months to 30 September 2015, reflecting improvements in all Core operating businesses. Group adjusted return on average shareholders’ equity increased to 7.1% (2014: 6.3%)
 
  •
A 5% reduction in Group total adjusted operating expenses to £12,465m and a 4% reduction in operating expenses excluding costs to achieve to £11,926m were driven by savings from strategic cost programmes
 
  •
Profit before tax in the Core business improved 7% to £6,005m with higher income and lower costs. Combined with the increase in average allocated equity of £6bn to £47bn, this resulted in a return on average equity for the Core business of 10.5% (2014: 10.5%)
 
  •
Rundown of the Non-Core business continued, with risk weighted assets (RWAs) decreasing to £55bn (30 June 2015: £57bn). The announced sale of the Portuguese retail business in Q315, due to be completed in Q116, is expected to result in a further £1.7bn reduction in Non-Core RWAs. Period end allocated equity reduced to £9bn
 
  •
Group capital and leverage metrics remained above the 2016 targets, with the fully loaded common equity tier 1 (CET1) ratio at 11.1% (30 June 2015: 11.1%) and the leverage ratio increasing to 4.2% (30 June 2015: 4.1%)
 
  •
Net tangible asset value per share increased to 289p (30 June 2015: 279p) driven by profit generated for the period and favourable reserve movements
 
  •
Statutory profit before tax increased 7% to £3,975m, which reflected net losses on adjusting items of £1,181m (2014: £1,217m)
 
Significant Q315 adjusting items:
 
  •
Additional provisions of £270m were made in Q315 relating to the settlement of two residential mortgage backed securities claims with the National Credit Union Administration and the settlement of certain legacy benchmark litigation, taking the total additional provisions for ongoing investigations and litigation including Foreign Exchange in 2015 to £1,070m (2014: £500m)
 
  •
Additional UK customer redress provisions of £290m were made in Q315 as a result of an internal review relating to rates provided to certain customers on foreign exchange transactions between 2005 and 2012, taking the total provisions for UK customer redress in 2015 to £1,322m (2014: £910m). No additional Performance Highlightsprovisions for PPI redress were made in Q315
 
  •
A loss on sale of £201m was recognised in Q315 relating to the announced sale of the Portuguese retail business within Non-Core, which is due to complete in Q116. This is in addition to the loss of £118m recognised in H115 relating to the sale of the Spanish business
 

 
Barclays Group results  
Adjusted 
  
Statutory 
for the nine months ended 
30.09.15
30.09.14 
  
  
30.09.15
30.09.14
  
  
£m
£m 
% Change 
  
£m
£m
% Change 
Total income net of insurance claims 
19,090 
19,710  
(3) 
  
20,191 
20,267 
- 
Credit impairment charges and other provisions 
(1,468)
(1,595) 
8  
  
(1,468)
(1,595)
8  
Net operating income  
17,622 
18,115  
(3) 
  
18,723 
18,672 
-  
Operating expenses  
(11,654)
(12,051) 
3  
  
(11,228)
(12,051)
7  
Litigation and conduct 
(272)
(309) 
12  
  
(2,664)
(1,719)
(55) 
Operating expenses excluding costs to achieve  
(11,926)
(12,360) 
4  
  
(13,892)
(13,770)
(1) 
Costs to achieve 
(539)
(826) 
35  
  
(539)
(826)
35  
Total operating expenses 
(12,465)
(13,186) 
5  
  
(14,431)
(14,596)
1  
Other net (expenses)/income 
(1)
10  
    
(317)
(354)
10 
Profit before tax  
5,156 
4,939  
4  
  
3,975 
3,722 
7  
Tax charge1 
(1,481)
(1,630) 
9  
  
(1,214)
(1,496)
19  
Profit after tax   
3,675 
3,309  
11  
  
2,761 
2,226 
24  
Non-controlling interests 
(495)
(551) 
10  
  
(495)
(551)
10  
Other equity holders2 
(238)
(170) 
(40) 
  
(238)
(170)
(40) 
Attributable profit 
2,942 
2,588  
14  
  
2,028 
1,505 
35  
  
  
  
  
      
  
Performance measures 
  
  
  
      
  
Return on average tangible shareholders' equity2 
8.3%
7.4% 
  
  
5.8%
4.4%
  
Average tangible shareholders' equity (£bn) 
48 
47  
  
  
48 
47 
  
Return on average shareholders' equity2 
7.1%
6.3% 
  
  
5.0%
3.8%
  
Average shareholders' equity (£bn) 
56 
55  
  
  
56 
54 
  
Cost: income ratio 
65%
67% 
  
  
71%
72%
  
Loan loss rate (bps) 
40 
43  
  
  
40 
43 
  
  
  
  
  
      
  
Basic earnings per share2 
17.9p
16.1p 
  
  
12.4p
9.4p
  
Dividend per share  
3.0p
3.0p 
  
  
3.0p
3.0p
  
  
  
  
  
      
  
Balance sheet and leverage 
  
  
  
  
30.09.15
30.06.15
  
Net tangible asset value per share 
  
  
  
  
289p
279p
  
Net asset value per share 
  
  
  
  
337p
328p
  
Leverage exposure 
  
  
  
  
£1,141bn
£1,139bn
  
  
  
  
  
      
  
Capital management 
  
  
  
  
30.09.15
30.06.15
  
CRD IV fully loaded 
  
  
  
      
  
Common equity tier 1 ratio 
  
  
  
  
11.1%
11.1%
  
Common equity tier 1 capital 
  
  
  
  
£42.4bn
£42.0bn
  
Tier 1 capital 
  
  
  
  
£47.9bn
£46.5bn
  
Risk weighted assets 
  
  
  
  
£382bn
£377bn
  
Leverage ratio 
  
   
   
  
4.2%
4.1%
  
  
  
  
  
      
  
Funding and liquidity 
  
  
  
  
30.09.15
30.06.15
  
Group liquidity pool 
  
  
  
  
£142bn
£145bn
  
Estimated CRD IV liquidity coverage ratio 
  
  
  
  
118%
121%
  
Loan: deposit ratio3 
  
  
  
  
88%
88%
  
  
  
  
  
      
  
Adjusted profit reconciliation for the nine months ended 
  
  
30.09.15
30.09.14
  
Adjusted profit before tax 
  
  
  
  
5,156 
4,939 
  
Own credit 
  
  
  
  
605 
96 
  
Gain on US Lehman acquisition assets 
  
496 
461 
  
Gain on valuation of a component of the defined retirement benefit liability 
  
429 
- 
  
Provisions for UK customer redress 
  
(1,322)
(910)
  
Provisions for ongoing investigations and litigation including Foreign Exchange 
  
(1,070)
(500)
  
Losses on sale relating to the Spanish and Portuguese businesses
  
(319)
(364)
  
Statutory profit before tax 
  
  
  
  
3,975 
3,722 
  

1
The effective tax rate for Q315 YTD is the expected full year rate adjusted for the impact of significant one-off items. The tax impacts of such items, which include adjusting items and the UK bank levy, are recognised in the period in which they occur.
2
The profit after tax attributable to other equity holders of £238m (Q314 YTD: £170m) is offset by a tax credit recorded in reserves of £48m (Q314 YTD: £36m). The net amount of £190m (Q314 YTD: £134m), along with non-controlling interests (NCI) is deducted from profit after tax in order to calculate earnings per share, return on average tangible shareholders’ equity and return on average shareholders’ equity.
3
Loan: deposit ratio for PCB, Barclaycard, Africa Banking and Non-Core retail.

Barclays Core and Non-Core results  
Barclays Core 
  
Barclays Non-Core 
for the nine months ended 
30.09.15
30.09.14 
  
  
30.09.15
30.09.14
  
  
£m
£m 
% Change 
  
£m
£m
% Change 
Total income net of insurance claims 
19,042 
18,682  
2  
  
48 
1,028 
(95) 
Credit impairment charges and other provisions 
(1,406)
(1,429) 
2  
  
(62)
(166)
63  
Net operating income/(expenses)  
17,636 
17,253  
2  
  
(14)
862 
  
Operating expenses 
(10,985)
(10,870) 
(1) 
  
(669)
(1,181)
43  
Litigation and conduct 
(153)
(194) 
21  
  
(119)
(115)
(3) 
Costs to achieve 
(494)
(655) 
25  
  
(45)
(171)
74  
Total operating expenses 
(11,632)
(11,719) 
1  
  
(833)
(1,467)
43  
Other net income/(expenses) 
1 
53  
(98) 
  
(2)
(43)
95  
Profit/(loss) before tax  
6,005 
5,587  
7  
  
(849)
(648)
(31) 
Tax (charge)/credit 
(1,693)
(1,774) 
5  
  
212 
144 
47  
Profit/(loss) after tax   
4,312 
3,813  
13  
  
(637)
(504)
(26) 
Non-controlling interests 
(448)
(458) 
2  
  
(47)
(93)
49  
Other equity holders 
(192)
(129) 
(49) 
  
(46)
(41)
(12) 
Attributable profit/(loss) 
3,672 
3,226  
14  
  
(730)
(638)
(14) 
  
  
  
  
      
  
Performance measures 
  
  
  
      
  
Return on average tangible equity1 
12.7%
12.8% 
  
  
(4.4%)
(5.4%)
  
Average allocated tangible equity (£bn) 
39 
34  
  
  
9 
14 
  
Return on average equity1 
10.5%
10.5% 
  
  
(3.4%)
(4.2%)
  
Average allocated equity (£bn) 
47 
41  
  
  
9 
14 
  
Period end allocated equity (£bn) 
48 
44  
  
  
9 
12 
  
Cost: income ratio 
61%
63% 
  
  
n/m
n/m
  
Loan loss rate (bps) 
43 
45  
  
  
13 
40 
  
Basic earnings per share contribution 
22.3p
20.0p 
  
  
(4.4p)
(3.9p)
  
  
  
  
  
      
  
Capital management 
30.09.15
30.06.15 
  
  
30.09.15
30.06.15
  
Risk weighted assets 
£327bn
£320bn 
  
  
£55bn
£57bn
  
Leverage exposure 
£989bn
£973bn 
  
  
£152bn
£166bn
  

  
Nine months ended
30.09.15
Nine months ended
30.09.14
  
Income by business 
£m
£m
% Change 
Personal and Corporate Banking 
6,564 
6,597 
(1) 
Barclaycard 
3,649 
3,247 
12  
Africa Banking 
2,719 
2,701 
1  
Investment Bank 
6,110 
5,922 
3  
Head Office  
- 
215 
  
Barclays Core 
19,042 
18,682 
2  
Barclays Non-Core 
48 
1,028 
(95) 
Barclays Group adjusted income 
19,090 
19,710 
(3) 

  
Nine months ended
30.09.15
Nine months ended
30.09.14
  
Profit/(loss) before tax by business 
£m
£m
% Change 
Personal and Corporate Banking 
2,383 
2,257 
6  
Barclaycard 
1,303 
1,126 
16  
Africa Banking 
791 
756 
5  
Investment Bank 
1,757 
1,342 
31  
Head Office 
(229)
106 
  
Barclays Core 
6,005 
5,587 
7  
Barclays Non-Core 
(849)
(648)
(31) 
Barclays Group adjusted profit before tax 
5,156 
4,939 
4  

1
Return on average equity and average tangible equity for Barclays Non-Core represents its impact on the Group, being the difference between Barclays Group returns and Barclays Core returns. This does not represent the return on average equity and average tangible equity of the Non-Core business.

Group Performance Review
 
Income statement

 
Group performance
  •
Adjusted profit before tax increased 4% to £5,156m reflecting improvements in all Core operating businesses and positive cost to income jaws
  •
Adjusted income decreased 3% to £19,090m as Non-Core income reduced £980m to £48m. This was partially offset by Core income increasing 2% to £19,042m
  •
Credit impairment charges reduced 8% to £1,468m with the loan loss rate improving 3bps to 40bps
 
-
Credit impairment charges included less than £75m in respect of clients in the commodities sector in the nine months to 30 September 2015
  •
Adjusted total operating expenses were down 5% to £12,465m as a result of savings from strategic cost programmes, particularly in Non-Core, the Investment Bank and Personal and Corporate Banking (PCB), reductions in costs to achieve to £539m (2014: £826m) and litigation and conduct charges to £272m (2014: £309m)
  •
Statutory profit before tax was £3,975m (2014: £3,722m) which also included an own credit gain of £605m (2014: £96m), a £496m (2014: £461m) gain on US Lehman acquisition assets, a £429m (2014: £nil) gain on the valuation of a component of the defined retirement benefit liability, an additional £1,322m (2014: £910m) of provisions for UK customer redress, £1,070m (2014: £500m) of additional provisions for ongoing investigations and litigation including Foreign Exchange, and £319m (2014: £364m) of losses on sale relating to the Spanish and Portuguese businesses
  •
The effective tax rate on adjusted profit before tax decreased to 28.7% (2014: 33.0%) and on statutory profit before tax decreased to 30.5% (2014: 40.2%). The reduction reflects the expected full year rate adjusted for the impact of significant one-off items, including adjusting items and the UK bank levy, which are recognised in the period in which they occur. The reduction in the effective tax rate on statutory profit before tax also reflects the non-deductible impairment of assets on the sale of the Spanish business in 2014
  •
Adjusted attributable profit was £2,942m (2014: £2,588m) resulting in an adjusted return on average shareholders’ equity of 7.1% (2014: 6.3%)

 
Core performance
  •
Profit before tax increased 7% to £6,005m with improvements in all Core operating businesses, partially offset by a loss before tax in Head Office of £229m (2014: profit of £106m)
 
-
Growth in profit before tax in the Investment Bank and Barclaycard was particularly strong, increasing 31% to £1,757m and 16% to £1,303m respectively
 
-
PCB profit before tax improved 14% to £2,568m when excluding the impact of the loss on sale of the US Wealth business and US Wealth customer redress
  •
Income increased 2% to £19,042m
 
-
Barclaycard income increased 12% to £3,649m reflecting growth in US cards and Business Solutions through continued focus on profitable asset growth
 
-
Investment Bank income increased 3% to £6,110m reflecting a 9% improvement in Macro due to higher income in rates and currency products, a 6% increase in Banking income driven by higher advisory and debt underwriting fees, and lending income, and a 4% increase in Equities income due to higher income in equity derivatives. Credit income decreased 11% due to lower distressed credit and securitised products income, partially offset by higher revenues in the flow credit business
 
-
Africa Banking income increased 1% to £2,719m. On a constant currency basis1 income increased 6% reflecting solid growth in Retail and Business Banking (RBB) in South Africa, and strong growth outside of South Africa
 
-
PCB income decreased 1% to £6,564m. Excluding the impact of lower income in the US Wealth business, the sale of which is expected to complete in Q415, PCB income increased 1%. Corporate income grew 5% from balance growth and improved deposit margins, while Personal income reduced 3% due to mortgage margin pressure and lower fee income
 
-
Net interest income in PCB, Barclaycard and Africa Banking increased 6% to £8,984m driven by margin improvement in Barclaycard, and volume growth in Barclaycard and PCB. Net interest margin increased 8bps to 4.17%
 
-
Head Office income decreased to £nil (2014: £215m) impacted by the non-recurrence of net gains from foreign exchange recycling arising from the restructure of Group subsidiaries and gains resulting from a liability management exercise in 2014
  •
Credit impairment charges reduced 2% to £1,406m primarily due to a 28% improvement in PCB impairment due to the improving UK economic environment resulting in lower default rates and charges
  •
Total operating expenses reduced 1% to £11,632m, reflecting savings from strategic cost programmes, principally in the Investment Bank and PCB, and lower costs to achieve of £494m (2014: £655m). This was partially offset by Barclaycard total operating expenses which increased 14% primarily due to continued investment in business growth and the impact of non-recurring items, including an asset write-off of £55m and certain marketing costs. Head Office costs also increased £127m to £233m primarily due to costs relating to the implementation of structural reform
  •
Attributable profit increased 14% to £3,672m, while average allocated equity increased £6bn to £47bn as capital was redeployed from Non-Core, resulting in a Core return on average equity of 10.5% (2014: 10.5%)

1
Constant currency results are calculated by converting ZAR results into GBP using the average exchange rate for the nine months ended 30 September 2015.
 
Non-Core performance
  •
Loss before tax increased 31% to £849m reflecting:
 
-
A reduction in income of £980m to £48m following assets and securities rundown, business sales, including the impact of the sale of the Spanish and UAE businesses, and fair value losses on the Education, Social Housing, and Local Authority (ESHLA) portfolio of £203m (2014: £41m)
 
-
An improvement in credit impairment charges to £62m (2014: £166m) primarily reflecting the sale of the Spanish business and higher recoveries in Europe
 
-
A 43% reduction in total operating expenses to £833m due to savings from strategic cost programmes, the sale of the Spanish and UAE businesses, and reduced costs to achieve
  •
Non-Core return on average equity dilution was 3.4% (2014: 4.2%) reflecting a £5bn reduction in average allocated equity to £9bn. Period end allocated equity reduced to £9bn


Balance sheet, leverage and capital
 
  •
Total assets increased 3% to £1,237bn compared to 30 June 2015 while leverage exposure remained stable at £1,141bn
 
 
-
Net derivative leverage exposure, excluding Potential Future Exposure (PFE), increased £6bn primarily due to an increase in balance sheet assets of £38bn to £379bn (broadly matched by an increase in derivative liabilities), principally reflecting movements in the major interest rate forward curves. This was largely offset by an increase in regulatory derivative netting of £35bn to £343bn
 
-
The PFE on derivatives decreased £5bn to £155bn mainly as a result of continued legacy portfolio rundown and trade compressions and tear-ups
 
-
Securities Financing Transactions leverage exposure decreased £6bn, primarily due to reverse repurchase agreements decreasing £9bn to £84bn, mainly driven by lower matched book trading due to balance sheet deleveraging
 
-
Leverage loans and advances and other assets increased by £7bn to £710bn. This included lending growth of £4bn in PCB and £3bn in Barclaycard, and a £2bn increase in settlement balances. This was partially offset by a £2bn decrease in Africa Banking reflecting the depreciation of ZAR against GBP
  •
The leverage ratio increased to 4.2% (30 June 2015: 4.1%) due to an increase in fully loaded Tier 1 capital to £47.9bn (30 June 2015: £46.5bn), driven by the issuance of £1bn of Additional Tier 1 (AT1) securities
  
  •
The fully loaded CRD IV CET1 ratio remained stable at 11.1% (30 June 2015: 11.1%) with CET1 capital increasing £0.4bn to £42.4bn offset by RWAs increasing £5bn to £382bn
 
 
-
The increase in CET1 capital was driven by £0.5bn profits after absorbing adjusting items. After adjusting for the impacts of own credit and dividends paid and foreseen, capital generated from earnings increased CET1 capital by £0.3bn. Net increases in other qualifying reserves, which included currency translation reserve movements and pension valuation adjustments, were offset by increases in regulatory deductions, primarily due to the increase in the firm’s prudential valuation adjustment (PVA), reflecting increased valuation uncertainty on the ESHLA portfolio
 
-
The increase in RWAs was driven by a £7bn increase in Core RWAs to £327bn, primarily in the Investment Bank and PCB, partially offset by a £2bn decrease in Non-Core RWAs to £55bn
  •
Net asset value and net tangible asset value per share increased to 337p (30 June 2015: 328p) and 289p (30 June 2015: 279p) respectively driven by profit generated for the period, an increase in the cash flow hedging reserve and other favourable reserve movements as mentioned above
  

Funding and liquidity

  •
The Group continued to maintain surpluses to its internal and regulatory requirements in Q315 with a liquidity pool of £142bn as at 30 September 2015 (30 June 2015: £145bn) and Liquidity Coverage Ratio (LCR) of 118% (30 June 2015: 121%), equivalent to a surplus of £22bn (30 June 2015: £26bn). The quarterly reduction in liquidity surpluses reflects the previously anticipated funding impacts due to the reassessment of sovereign support and updated rating methodologies by credit rating agencies in H115
  •
Wholesale funding outstanding excluding repurchase agreements was £147bn (30 June 2015: £157bn). The Group issued £1.2bn of term unsecured funding net of early redemptions during Q315, of which £1.3bn was in public and private senior unsecured debt issued by the holding company, Barclays PLC. During the quarter, Barclays PLC also issued £1bn of AT1 securities. All the capital and debt proceeds raised by Barclays PLC have been used to subscribe for instruments at Barclays Bank PLC, the operating company with a ranking corresponding to the securities issued by Barclays PLC

Other matters
  •
Additional provisions of £1,070m (2014: £500m) were recognised in relation to ongoing investigations and litigation including Foreign Exchange. This included provisions of £270m in Q315 relating to the settlement of two residential mortgage backed securities claims with the National Credit Union Administration and the settlement of certain legacy benchmark litigation
  •
Additional UK customer redress provisions of £1,322m (2014: £910m) were recognised. This included:
 
-
A Q315 provision of £290m redress costs as a result of an internal review relating to rates provided to certain customers on foreign exchange transactions between 2005 and 2012
 
-
H115 charges of £282m for Packaged Bank Account redress costs and £750m of PPI redress costs. No additional provisions for PPI redress were made in Q315
  •
Barclays notes the Financial Conduct Authority’s (FCA) announcement of its proposed consultation for the introduction of a deadline by which consumers would need to make their PPI complaints or else lose their right to have them assessed. This consultation is also expected to propose rules and guidance concerning the handling of PPI complaints in light of the 2014 Supreme Court decision in Plevin v Paragon Personal Finance Ltd, with Plevin-type complaints also being subject to the same deadline. Barclays will continue to monitor these developments in its assessment of provisioning for PPI related costs and redress
  •
A loss on sale of £201m (2014: £nil) was recognised in Q315 relating to the announced sale of the Portuguese retail business within Non-Core, which is due to complete in Q116. This is in addition to the loss of £118m recognised in H115 relating to the sale of the Spanish business
  •
A £496m (2014: £461m) gain on US Lehman acquisition assets was recognised in Q215. Barclays has reached a settlement with the Securities Investor Protection Act Trustee for Lehman Brothers Inc. (LBI) to resolve outstanding litigation between the parties relating to the acquisition of most of the assets of LBI in September 2008
  •
A £429m (2014: £nil) gain was recognised in H115 as the valuation of a component of the defined retirement benefit liability was revised to use the long term Consumer Price Index rather than the Retail Price Index, consistent with statutory provisions

Dividends
  •
A third interim dividend for 2015 of 1p will be paid on 11 December 2015

Guidance and outlook
  •
2016 Core cost guidance has been increased from the previous level of less than £14.5bn excluding costs to achieve, to incorporate approximately £0.4bn of costs relating to the implementation of structural reform. Together with £0.1bn of structural reform implementation costs in 2015, an estimated £1bn of implementation costs are expected over the life of the programme
  •
The 2016 Core return on equity excluding costs to achieve guidance has been revised to 11% reflecting the impacts of the tax changes set out in the 2015 UK summer budget and increased costs relating to the implementation of structural reform
  •
The accelerated Non-Core RWA target of around £20bn at the end of 2017 is unchanged
  •
Non-Core guidance for 2016 has been revised from the previous return on equity drag of less than 3% and replaced with a quarterly cost run-rate excluding UK bank levy, litigation and conduct charges, and costs to achieve of £125m per quarter from Q416, as the accelerated rundown is implemented
  •
The Investment Bank has seen weaker market conditions in October in comparison to October 2014. However, it is too early to make any specific comment on Q4 performance

 
Tushar Morzaria, Group Finance Director
 

 
Results by Business
 
  
Nine months ended
Nine months ended
 
Personal and Corporate Banking 
30.09.15
30.09.14
YoY
Income statement information 
£m
£m
% Change
Total income  
6,564 
6,597 
(1)
Credit impairment charges and other provisions  
(260)
(359)
28 
Net operating income 
6,304 
6,238 
1 
Operating expenses  
(3,651)
(3,747)
3 
Litigation and conduct  
(31)
(39)
21 
Costs to achieve 
(204)
(205)
- 
Total operating expenses 
(3,886)
(3,991)
3 
Other net (expenses)/income 
(35)
10 
  
Profit before tax 
2,383 
2,257 
6 
Attributable profit 
1,748 
1,617 
8 
  
      
  
As at 30.09.15
As at 30.06.15
  
Balance sheet information 
£bn
£bn
  
Loans and advances to customers at amortised cost 
220.8 
217.5 
  
Total assets 
294.0 
289.9 
  
Customer deposits 
302.5 
298.5 
  
Risk weighted assets 
122.2 
120.6 
  
  
      
  
Nine months ended
Nine months ended
  
Performance measures 
30.09.15
30.09.14
  
Return on average tangible equity 
17.3%
16.7%
  
Average allocated tangible equity (£bn) 
13.6 
13.0 
  
Return on average equity 
13.0%
12.5%
  
Average allocated equity (£bn) 
18.1 
17.3 
  
Cost: income ratio 
59%
60%
  
Loan loss rate (bps) 
15 
22 
  
Net interest margin  
2.99%
2.99%
  
  
      
  
    
YoY
Analysis of total income  
£m
£m
% Change
Personal  
3,032 
3,114 
(3)
Corporate  
2,812 
2,670 
5 
Wealth  
720 
813 
(11)
Total income  
6,564 
6,597 
(1)
  
      
  
As at 30.09.15
As at 30.06.15
  
Analysis of loans and advances to customers at amortised cost 
£bn
£bn
  
Personal  
137.7 
137.8 
  
Corporate  
69.0 
66.0 
  
Wealth  
14.1 
13.7 
  
Total loans and advances to customers at amortised cost 
220.8 
217.5 
  
  
      
Analysis of customer deposits  
      
Personal  
148.7 
146.3 
  
Corporate  
123.2 
120.3 
  
Wealth  
30.6 
31.9 
  
Total customer deposits 
302.5 
298.5 
  

 
  
Nine months ended
Nine months ended
 
Barclaycard 
30.09.15
30.09.14
YoY
Income statement information 
£m
£m
% Change
Total income 
3,649 
3,247 
12 
Credit impairment charges and other provisions 
(848)
(821)
(3)
Net operating income 
2,801 
2,426 
15 
Operating expenses  
(1,441)
(1,271)
(13)
Costs to achieve  
(83)
(68)
(22)
Total operating expenses 
(1,524)
(1,339)
(14)
Other net income 
26 
39 
(33)
Profit before tax 
1,303 
1,126 
16 
Attributable profit 
919 
801 
15 
  
      
  
As at 30.09.15
As at 30.06.15
  
Balance sheet information 
£bn
£bn
  
Loans and advances to customers at amortised cost 
38.2 
36.9 
  
Total assets 
45.8 
41.9 
  
Customer deposits 
8.3 
7.7 
  
Risk weighted assets  
40.7 
40.3 
  
  
      
  
Nine months ended
Nine months ended
  
Performance measures 
30.09.15
30.09.14
  
Return on average tangible equity 
24.7%
23.0%
  
Average allocated tangible equity (£bn) 
5.0 
4.7 
  
Return on average equity 
19.6%
18.5%
  
Average allocated equity (£bn) 
6.3 
5.8 
  
Cost: income ratio 
42%
41%
  
Loan loss rate (bps) 
271 
301 
  
Net interest margin  
9.12%
8.98%
  

Africa Banking 
    
  
Constant currency1 
Nine months ended
Nine months ended
 
Nine months ended
Nine months ended
 
30.09.15
30.09.14
YoY 
30.09.15
30.09.14
YoY 
Income statement information 
£m
£m
% Change 
£m
£m
% Change 
Total income net of insurance claims 
2,719 
2,701 
1  
2,719 
2,568 
6  
Credit impairment charges and other provisions 
(262)
(270)
3  
(262)
(256)
(2) 
Net operating income 
2,457 
2,431 
1  
2,457 
2,312 
6  
Operating expenses  
(1,652)
(1,654)
-  
(1,652)
(1,575)
(5) 
Litigation and conduct  
- 
(1)
  
- 
(1)
  
Costs to achieve 
(20)
(28)
29  
(20)
(27)
26  
Total operating expenses 
(1,672)
(1,683)
1  
(1,672)
(1,603)
(4) 
Other net income 
6 
8 
(25) 
6 
7 
(14) 
Profit before tax 
791 
756 
5  
791 
716 
10  
Attributable profit 
298 
272 
10  
298 
256 
16  
  
    
  
    
  
 
As at 30.09.15
As at 30.06.15
  
As at 30.09.15
As at 30.06.15
  
Balance sheet information 
£bn
£bn
  
£bn
£bn
  
Loans and advances to customers at amortised cost 
31.7 
33.8 
  
31.7 
30.9 
  
Total assets 
52.2 
54.0 
  
52.2 
49.5 
  
Customer deposits 
31.8 
34.4 
  
31.8 
31.5 
  
Risk weighted assets 
36.0 
36.4 
  
36.0 
33.2 
  
  
    
  
    
  
  
Nine months ended
Nine months ended
  
    
  
Performance measures 
30.09.15
30.09.14
  
    
  
Return on average tangible equity 
13.7%
13.2%
  
    
  
Average allocated tangible equity (£bn) 
2.9 
2.7 
  
    
  
Return on average equity 
10.1%
9.6%
  
    
  
Average allocated equity (£bn) 
3.9 
3.8 
  
    
  
Cost: income ratio 
61%
62%
  
    
  
Loan loss rate (bps) 
101 
97 
  
    
  
Net interest margin  
5.98%
5.96%
  
    
  

1
Constant currency results are calculated by converting ZAR results into GBP using the average exchange rate for the nine months ended 30 September 2015 for the income statement and the 30 September 2015 exchange rate for the balance sheet to eliminate the impact of movement in exchange rates between the reporting periods.

 
  
Nine months ended
Nine months ended 
  
Investment Bank 
30.09.15
30.09.14 
YoY
Income statement information 
£m
£m 
% Change
Total income 
6,110 
5,922  
3 
Credit impairment (charges)/releases and other provisions 
(36)
21  
  
Net operating income 
6,074 
5,943  
2 
Operating expenses 
(4,059)
(4,153) 
2 
Litigation and conduct  
(101)
(96) 
(5)
Costs to achieve 
(157)
(352) 
55 
Total operating expenses 
(4,317)
(4,601) 
6 
Profit before tax 
1,757 
1,342  
31 
Attributable profit 
943 
547  
72 
  
  
  
  
 
As at 30.09.15
As at 30.06.15 
  
Balance sheet information 
£bn
£bn 
  
Loans and advances to banks and customers at amortised cost1 
128.9 
123.1  
  
Trading portfolio assets 
79.9 
81.8  
  
Derivative financial instrument assets 
137.0 
118.5  
  
Derivative financial instrument liabilities  
145.7 
127.7  
  
Reverse repurchase agreements and other similar secured lending 
69.3 
58.4  
  
Total assets 
452.0 
420.1  
  
Risk weighted assets 
120.5 
115.3  
  
  
  
  
  
  
Nine months ended
Nine months ended 
  
Performance measures 
30.09.15
30.09.14 
  
Return on average tangible equity 
9.1%
5.1% 
  
Average allocated tangible equity (£bn) 
14.0 
14.6  
  
Return on average equity 
8.6%
4.9% 
  
Average allocated equity (£bn) 
14.9 
15.3  
  
Cost: income ratio 
71%
78% 
  
  
  
  
  
  
  
  
YoY
Analysis of total income  
£m
£m 
% Change
Investment banking fees 
1,637 
1,584  
3 
Lending 
360 
306  
18 
Banking 
1,997 
1,890  
6 
Credit 
774 
871  
(11)
Equities 
1,676 
1,615  
4 
Macro 
1,663 
1,526  
9 
Markets 
4,113 
4,012  
3 
Banking & Markets 
6,110 
5,902  
4 
Other 
- 
20  
  
Total income 
6,110 
5,922  
3 

1
As at 30 September 2015 loans and advances included £103.9bn (30 June 2015: £99.1bn) of loans and advances to customers (including settlement balances of £44.3bn (30 June 2015: £40.4bn) and cash collateral of £29.5bn (30 June 2015: £28.6bn)) and loans and advances to banks of £25.0bn (30 June 2015: £24.0bn) (including settlement balances of £5.0bn (30 June 2015: £5.9bn) and cash collateral of £6.7bn (30 June 2015: £6.4bn)).

  
Nine months ended
Nine months ended 
Head Office  
30.09.15
30.09.14 
Income statement information 
£m
£m 
Net operating income 
-
215  
Operating expenses 
(182)
(46) 
Litigation and conduct  
(21)
(58) 
Costs to achieve  
(30)
(2) 
Total operating expenses 
(233)
(106) 
Other net income/(expenses) 
4 
(3) 
(Loss)/profit before tax 
(229)
106  
Attributable loss 
(236)
(11) 
  
  
  
  
As at 30.09.15
As at 30.06.15 
Balance sheet information 
£bn
£bn 
Total assets 
47.1 
52.6  
Risk weighted assets  
7.6 
7.5  

 
 
Nine months ended
 
Nine months ended
 
Barclays Non-Core
30.09.15
30.09.14
YoY
Income statement information 
£m
£m
% Change
Total income net of insurance claims  
48 
1,028 
(95)
Credit impairment charges and other provisions 
(62)
(166)
63 
Net operating income 
(14)
862 
  
Operating expenses 
(669)
(1,181)
43 
Litigation and conduct  
(119)
(115)
(3)
Costs to achieve  
(45)
(171)
74 
Total operating expenses 
(833)
(1,467)
43 
Other net expenses 
(2)
(43)
95 
Loss before tax 
(849)
(648)
(31)
Attributable loss 
(730)
(638)
(14)
  
      
 
As at 30.09.15
As at 30.06.15
  
Balance sheet information 
£bn
£bn
  
Loans and advances to banks and customers at amortised cost1 
50.9 
53.9 
  
Loans and advances to customers at fair value 
17.6 
17.0 
  
Derivative financial instrument assets 
239.5 
220.9 
  
Derivative financial instrument liabilities  
231.0 
213.6 
  
Reverse repurchase agreements and other similar secured lending 
7.1 
15.6 
  
Total assets 
345.4 
338.2 
  
Customer deposits 
17.9 
19.6 
  
Risk weighted assets 
54.8 
56.6 
  
Leverage exposure  
151.7  
166.3 
  
  
      
  
Nine months ended
Nine months ended
  
Performance measures 
30.09.15
30.09.14
  
Return on average tangible equity2 
(4.4%)
(5.4%)
  
Average allocated tangible equity (£bn) 
9.2 
13.6 
  
Return on average equity2 
(3.4%)
(4.2%)
  
Average allocated equity (£bn) 
9.3 
13.8 
  
Period end allocated equity (£bn) 
8.5 
12.1 
  
  
    
YoY
Analysis of total income net of insurance claims  
£m
£m
% Change
Businesses  
474 
873 
(46)
Securities and loans  
(253)
259 
  
Derivatives  
(173)
(104)
(66)
Total income net of insurance claims  
48 
1,028 
(95)

1
As at 30 September 2015 loans and advances included £39.0bn (30 June 2015: £42.7bn) of loans and advances to customers (including settlement balances of £0.4bn (30 June 2015: £1.0bn) and cash collateral of £19.4bn (30 June 2015: £18.0bn)) and loans and advances to banks of £11.9bn (30 June 2015: £11.2bn) (including settlement balances of £0.0bn (30 June 2015: £0.2bn) and cash collateral of £11.4bn (30 June 2015: £10.5bn)).
2
Return on average equity and average tangible equity for Barclays Non-Core represents its impact on the Group, being the difference between Barclays Group returns and Barclays Core returns. This does not represent the return on average equity and average tangible equity of the Non-Core business.

 
Quarterly Results Summary
 
Barclays results by quarter 
Q315
Q215
Q115 
  
Q414
Q314
Q214
Q114
  
Q4131
£m
£m
£m 
  
£m
£m
£m
£m
  
£m
Adjusted basis 
    
  
              
Total income net of insurance claims 
6,108 
6,552 
6,430  
  
6,018 
6,378 
6,682 
6,650 
  
6,639 
Credit impairment charges and other provisions 
(495)
(496)
(477) 
  
(573)
(509)
(538)
(548)
  
(718)
Net operating income 
5,613 
6,056 
5,953  
  
5,445 
5,869 
6,144 
6,102 
  
5,921 
Operating expenses 
(3,842)
(3,897)
(3,915) 
  
(3,942)
(3,879)
(4,042)
(4,130)
  
(4,500)
Litigation and conduct 
(138)
(77)
(57) 
  
(140)
(98)
(146)
(65)
  
(104)
Costs to achieve 
(223)
(196)
(120) 
  
(339)
(332)
(254)
(240)
  
(468)
UK bank levy 
- 
- 
-  
  
(462)
- 
- 
- 
  
(504)
Total operating expenses 
(4,203)
(4,170)
(4,092) 
  
(4,883)
(4,309)
(4,442)
(4,435)
  
(5,576)
Other net income/(expenses) 
17 
(37)
19  
  
1 
30 
(46)
26 
  
19 
Adjusted profit before tax
1,427 
1,849 
1,880  
  
563 
1,590 
1,656 
1,693 
  
364 
     
  
              
Adjusting items
    
  
              
Own credit
195 
282 
128  
  
(62)
44 
(67)
119 
  
(95)
Gain on US Lehman acquisition assets 
- 
496 
-  
  
- 
461 
- 
- 
  
- 
ESHLA valuation revision 
- 
- 
-  
  
(935)
- 
- 
- 
  
- 
Gain on valuation of a component of the defined retirement benefit liability 
- 
- 
429  
  
- 
- 
- 
- 
  
- 
Provisions for ongoing investigations and litigation including Foreign Exchange 
(270)
- 
(800) 
  
(750)
(500)
- 
- 
  
(173) 
Provisions for UK customer redress 
(290)
(850)
(182) 
  
(200)
(10)
(900)
- 
  
- 
Goodwill impairment 
- 
- 
-  
  
- 
- 
- 
- 
  
(79)
Losses on sale relating to the Spanish and Portuguese businesses 
(201)
- 
(118) 
  
(82)
(364)
- 
- 
  
- 
Statutory profit/(loss) before tax 
861 
1,777 
1,337  
  
(1,466)
1,221 
689 
1,812 
  
17 
Tax (charge)/credit 
(208)
(394)
(612) 
  
85 
(601)
(298)
(597)
  
(531)
Statutory profit/(loss) after tax 
653 
1,383 
725  
  
(1,381)
620 
391 
1,215 
  
(514)
  
    
  
              
Attributable to: 
    
  
              
Ordinary equity holders of the parent 
417 
1,146 
465  
  
(1,679)
379 
161 
965 
  
(642)
Other equity holders 
79 
79 
80  
  
80 
80 
41 
49 
  
- 
Non-controlling interests 
157 
158 
180  
  
218 
161 
189 
201 
  
128 
  
    
  
              
Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
  
£bn
Total assets
1,236.5 
1,196.7 
1,416.4  
  
1,357.9 
1,365.7 
1,314.9 
1,362.1 
  
1,343.6 
Risk weighted assets 
381.9 
376.7 
395.9  
  
401.9 
412.9 
411.1 
436.3 
  
442.5 
  
    
  
              
Adjusted performance measures 
    
  
              
Return on average tangible shareholders' equity 
6.7%
9.1%
9.0% 
  
1.7%
7.1%
7.5%
7.6%
  
(2.4%)
Average tangible shareholders' equity 
47.9 
47.7 
48.7  
  
48.9 
47.6 
47.5 
47.2 
  
47.1 
Return on average shareholders' equity 
5.7%
7.8%
7.7% 
  
1.5%
6.1%
6.4%
6.5%
  
(2.1%)
Average shareholders' equity 
56.1 
56.0 
57.0  
  
57.1 
55.6 
55.3 
54.8 
  
54.9 
Cost: income ratio 
69%
64%
64% 
  
81%
68%
66%
67%
  
84%
Loan loss rate (bps) 
40 
41 
37  
  
48 
42 
44 
45 
  
59 
Basic earnings/(loss) per share 
4.8p
6.5p
6.6p 
  
1.3p
5.2p
5.4p
5.5p
  
(2.0p)
  
    
  
              
Statutory performance measures 
    
  
              
Return on average tangible shareholders' equity 
3.6%
9.8%
4.0% 
  
(13.8%)
3.4%
1.4%
8.4%
  
(5.5%)
Average tangible shareholders' equity 
47.6 
47.2 
48.1  
  
48.3 
46.8 
46.7 
46.4 
  
46.3 
Return on average shareholders' equity 
3.1%
8.4%
3.4% 
  
(11.8%)
2.9%
1.2%
7.2%
  
(4.7%)
Average shareholders' equity 
55.8 
55.5 
56.3  
  
56.4 
54.8 
54.5 
54.0 
  
54.1 
Cost: income ratio 
76%
68%
71% 
  
116%
70%
81%
66%
  
89%
Basic earnings/(loss) per share 
2.6p
7.0p
2.9p 
  
(10.2p)
2.4p
1.0p
6.0p
  
(4.5p)
 
1
Q413 adjusted total operating expenses and profit before tax have been revised to account for the reclassification of £173m of charges, relating to a US residential mortgage-related business settlement with the Federal Housing Finance Agency, to provisions for ongoing investigations and litigation including Foreign Exchange to aid comparability.  

 
Barclays Core 
Q315
Q215
Q115 
  
Q414
Q314
Q214
Q114
  
Q413 
Income statement information 
£m
£m
£m 
  
£m
£m
£m
£m
  
£m 
Total income net of insurance claims 
6,102 
6,520 
6,420  
  
5,996 
6,008 
6,397 
6,277 
  
6,189  
Credit impairment charges and other provisions 
(470)
(488)
(448) 
  
(571)
(492)
(456)
(481)
  
(542) 
Net operating income 
5,632 
6,032 
5,972  
  
5,425 
5,516 
5,941 
5,796 
  
5,647  
Operating expenses 
(3,626)
(3,663)
(3,696) 
  
(3,614)
(3,557)
(3,602)
(3,710)
  
(4,045) 
Litigation and conduct 
(64)
(41)
(48) 
  
(56)
(16)
(136)
(43)
  
(69) 
Costs to achieve 
(201)
(184)
(109) 
  
(298)
(202)
(237)
(216)
  
(365) 
UK bank levy 
- 
- 
-  
  
(371)
- 
- 
- 
  
(395) 
Total operating expenses 
(3,891)
(3,888)
(3,853) 
  
(4,339)
(3,775)
(3,975)
(3,969)
  
(4,874) 
Other net income/(expenses) 
23 
(39)
17  
  
9 
6 
27 
20 
  
15  
Profit before tax 
1,764 
2,105 
2,136  
  
1,095 
1,747 
1,993 
1,847 
  
788  
Attributable profit 
1,115 
1,273 
1,284  
  
638 
1,002 
1,171 
1,053 
  
601  
  
    
  
            
  
Balance sheet information 
£bn
£bn
£bn 
  
£bn
£bn
£bn
£bn
  
£bn 
Total assets 
891.1 
858.5 
949.6  
  
886.5 
899.3 
846.3 
863.7 
  
832.4  
Risk weighted assets  
327.0 
320.1 
331.1  
  
326.6 
331.9 
323.6 
330.3 
  
332.6  
  
    
  
            
  
Performance measures  
    
  
            
  
Return on average tangible equity  
11.4%
13.3%
13.5% 
  
7.0%
11.5%
13.8%
13.2%
  
7.6% 
Average allocated tangible equity (£bn) 
39.6 
38.6 
38.5  
  
37.0 
35.2 
34.0 
32.2 
  
31.4  
Return on average equity  
9.5%
11.0%
11.1% 
  
5.8%
9.5%
11.3%
10.7%
  
6.2% 
Average allocated equity (£bn) 
47.7 
46.7 
46.7  
  
45.0 
43.0 
41.6 
39.6 
  
38.9  
Cost: income ratio 
64%
60%
60% 
  
72%
63%
62%
63%
  
79% 
Loan loss rate (bps)  
 43 
 45 
 41  
  
 55 
 46 
 44 
 60 
  
 56  
Basic earnings per share contribution  
6.8p
7.7p
7.8p 
  
4.0p
6.2p
7.2p
6.5p
  
4.2p 

Barclays Non-Core 
Q315
Q215
Q115 
  
Q414
Q314
Q214
Q114
  
Q4131
Income statement information 
£m
£m
£m
  
£m
£m
£m
£m
  
£m
Businesses 
199 
153 
122 
  
228 
327 
245 
301 
  
322 
Securities and loans 
(138)
(42)
(73)
  
(142)
106 
66 
87 
  
121 
Derivatives 
(55)
(79)
(39)
  
(64)
(63)
(26)
(15)
  
7 
Total income net of insurance claims 
6 
32 
10 
  
22 
370 
285 
373 
  
450 
Credit impairment charges and other provisions 
(25)
(8)
(29)
  
(2)
(17)
(82)
(67)
  
(176)
Net operating (expense)/income 
(19)
24 
(19)
  
20 
353 
203 
306 
  
274 
Operating expenses 
(216)
(234)
(219)
  
(329)
(321)
(441)
(419)
  
(456)
Litigation and conduct 
(74)
(36)
(9)
  
(83)
(82)
(10)
(23)
  
(35)
Costs to achieve  
(22)
(12)
(11)
  
(41)
(130)
(17)
(24)
  
(103)
UK bank levy 
- 
- 
- 
  
(91)
- 
- 
- 
  
(109)
Total operating expenses   
(312)
(282)
(239)
  
(544)
(533)
(468)
(466)
  
(703)
Other net (expenses)/income 
(6)
2 
2 
  
(8)
23 
(72)
6 
  
4 
Loss before tax 
(337)
(256)
(256)
  
(532)
(157)
(337)
(154)
  
(425)
Attributable loss 
(328)
(203)
(199)
  
(448)
(173)
(294)
(171)
  
(890)

Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
  
£bn
Loans and advances to banks and customers at amortised cost 
50.9 
53.9 
65.6 
  
63.9 
64.5 
75.5 
83.4 
  
81.9 
Loans and advances to customers at fair value 
17.6 
17.0 
18.5 
  
18.7 
18.1 
17.0 
17.5 
  
17.6 
Derivative financial instrument assets 
239.5 
220.9 
301.9 
  
285.4 
249.6 
227.0 
231.5 
  
239.3 
Derivative financial instrument liabilities 
231.0 
213.6 
295.6 
  
277.1 
240.0 
215.0 
220.9 
  
228.3 
Reverse repurchase agreements and other similar secured lending 
7.1 
15.6 
42.8 
  
49.3 
73.9 
86.8 
98.3 
  
104.7 
Total assets 
345.4 
338.2 
466.8 
  
471.5 
466.5 
468.6 
498.4 
  
511.2 
Customer deposits 
17.9 
19.6 
20.5 
  
21.6 
22.2 
28.6 
30.7 
  
29.3 
Risk weighted assets 
54.8 
56.6 
64.8 
  
75.3 
81.0 
87.5 
106.0 
  
109.9 

Performance measures 
                    
Return on average tangible equity2 
(4.7%)
(4.2%) 
(4.5%)
  
(5.3%)   
(4.4%)
(6.3%)    
(5.6%)
  
(10.0%)
Average allocated tangible equity (£bn) 
8.3 
9.1  
10.2 
  
11.9     
12.4 
13.5     
15.0 
  
15.7 
Return on average equity2 
(3.8%)
(3.2%) 
(3.4%)
  
(4.3%)   
(3.4%)
(4.9%)    
(4.2%)
  
(8.3%)
Average allocated equity (£bn) 
8.4 
9.3  
10.3 
  
12.1     
12.6 
13.7     
15.2 
  
16.0 
Period end allocated equity (£bn) 
8.5 
8.3  
9.7 
  
11.0     
12.1 
12.7     
14.9 
  
15.1 
Basic earnings per share contribution 
(2.0p)
(1.2p)  
(1.2p)
 
(2.7p)    
(1.0p)
(1.8p)     
(1.0p)
 
(6.2p)

1
Q413 total operating expenses and profit before tax have been revised to account for the reclassification of £173m of charges, relating to a US residential mortgage-related business settlement with the Federal Housing Finance Agency, to provisions for ongoing investigations and litigation including Foreign Exchange to aid comparability.
2
Return on average equity and average tangible equity for Barclays Non-Core represents its impact on the Group, being the difference between Barclays Group returns and Barclays Core returns. This does not represent the return on average equity and average tangible equity of the Non-Core business.

 
Quarterly Core Results by Business
 
Personal and Corporate Banking 
Q315
Q215
Q115 
  
Q414
Q314
Q214
Q114
  
Q413
Income statement information 
£m
£m
£m 
  
£m
£m
£m
£m
  
£m
Total income  
2,180 
2,210 
2,174  
  
2,231 
2,236 
2,188 
2,173 
  
2,166 
Credit impairment charges and other provisions 
(82)
(99)
(79) 
  
(123)
(129)
(95)
(135)
  
(169)
Net operating income 
2,098 
2,111 
2,095  
  
2,108 
2,107 
2,093 
2,038 
  
1,997 
Operating expenses  
(1,185)
(1,232)
(1,234) 
  
(1,204)
(1,222)
(1,247)
(1,278)
  
(1,371)
Litigation and conduct 
(6)
(23)
(2) 
  
(15)
(10)
(9)
(20)
  
(17)
Costs to achieve  
(65)
(97)
(42) 
  
(195)
(90)
(58)
(57)
  
(219)
UK bank levy 
- 
- 
-  
  
(70)
- 
- 
- 
  
(66)
Total operating expenses  
(1,256)
(1,352)
(1,278) 
  
(1,484)
(1,322)
(1,314)
(1,355)
  
(1,673)
Other net income/(expenses) 
13 
(50)
2  
  
4 
4 
1 
5 
  
3 
Profit before tax 
855 
709 
819  
  
628 
789 
780 
688 
  
327 
Attributable profit 
646 
500 
602  
  
441 
578 
559 
480 
  
281 
  
    
  
              
Balance sheet information 
£bn
£bn
£bn 
  
£bn
£bn
£bn
£bn
  
£bn
Loans and advances to customers at amortised cost 
220.8 
217.5 
219.0  
  
217.0 
215.7 
216.7 
215.5 
  
212.2 
Total assets 
294.0 
289.9 
294.1  
  
285.0 
275.7 
268.1 
271.5 
  
278.5 
Customer deposits 
302.5 
298.5 
298.1  
  
299.2 
295.9 
298.3 
297.2 
  
295.9 
Risk weighted assets 
122.2 
120.6 
122.5  
  
120.2 
120.0 
117.9 
116.1 
  
118.3 
  
    
  
              
Performance measures 
    
  
              
Return on average tangible equity 
19.2%
14.9%
17.8% 
  
13.3%
17.8%
17.5%
14.7%
  
8.6%
Average allocated tangible equity (£bn) 
13.6 
13.6 
13.6  
  
13.4 
13.1 
12.9 
13.1 
  
13.1 
Return on average equity 
14.4%
11.2%
13.4% 
  
10.0%
13.4%
13.1%
11.1%
  
6.5%
Average allocated equity (£bn) 
18.1 
18.1 
18.1  
  
17.8 
17.5 
17.2 
17.4 
  
17.4 
Cost: income ratio 
58%
61%
59% 
  
67%
59%
60%
62%
  
77%
Loan loss rate (bps) 
14 
18 
14  
  
22 
23 
17 
25 
  
31 
Net interest margin  
2.97%
2.99%
3.02% 
  
3.02%
3.05%
2.93%
2.99%
  
2.91%
  
    
  
              
Analysis of total income 
£m
£m
£m 
  
£m
£m
£m
£m
  
£m
Personal 
1,018 
1,005 
1,009  
  
1,045 
1,061 
1,027 
1,026 
  
1,037 
Corporate 
935 
970 
907  
  
922 
902 
889 
879 
  
866 
Wealth 
227 
235 
258  
  
264 
273 
272 
268 
  
263 
Total income  
2,180 
2,210 
2,174  
  
2,231 
2,236 
2,188 
2,173 
  
2,166 
  
    
  
              
Analysis of loans and advances to customers at amortised cost 
£bn
£bn
£bn 
  
£bn
£bn
£bn
£bn
  
£bn
Personal 
137.7 
137.8 
137.5  
  
136.8 
136.5 
135.9 
134.9 
  
133.8 
Corporate 
69.0 
66.0 
66.5  
  
65.1 
63.1 
64.8 
64.2 
  
62.5 
Wealth 
14.1 
13.7 
15.0  
  
15.1 
16.1 
16.0 
16.4 
  
15.9 
Total loans and advances to customers at amortised cost 
220.8 
217.5 
219.0  
  
217.0 
215.7 
216.7 
215.5 
  
212.2 
  
    
  
              
Analysis of customer deposits 
    
  
              
Personal 
148.7 
146.3 
145.3  
  
145.8 
143.0 
141.6 
141.3 
  
140.5 
Corporate 
123.2 
120.3 
120.9  
  
122.2 
120.7 
123.7 
120.9 
  
118.5 
Wealth 
30.6 
31.9 
31.9  
  
31.2 
32.2 
33.0 
35.0 
  
36.9 
Total customer deposits 
302.5 
298.5 
298.1  
  
299.2 
295.9 
298.3 
297.2 
  
295.9 

Barclaycard 
Q315
Q215
Q115 
  
Q414
Q314
Q214
Q114
  
Q413
Income statement information 
£m
£m
£m 
  
£m
£m
£m
£m
  
£m
Total income 
1,292 
1,222 
1,135  
  
1,109 
1,123 
1,082 
1,042 
  
1,034 
Credit impairment charges and other provisions 
(285)
(273)
(290) 
  
(362)
(284)
(268)
(269)
  
(266)
Net operating income 
1,007 
949 
845  
  
747 
839 
814 
773 
  
768 
Operating expenses  
(480)
(496)
(465) 
  
(456)
(449)
(420)
(402)
  
(446)
Litigation and conduct 
- 
- 
-  
  
- 
- 
- 
- 
  
(11)
Costs to achieve 
(27)
(31)
(25) 
  
(50)
(32)
(23)
(13)
  
(38)
UK bank levy 
- 
- 
-  
  
(29)
- 
- 
- 
  
(22)
Total operating expenses  
(507)
(527)
(490) 
  
(535)
(481)
(443)
(415)
  
(517)
Other net income 
8 
7 
11  
  
1 
4 
25 
10 
  
5 
Profit before tax 
508 
429 
366  
  
213 
362 
396 
368 
  
256 
Attributable profit 
353 
307 
259  
  
137 
262 
285 
254 
  
169 
  
    
  
              
Balance sheet information 
£bn
£bn
£bn 
  
£bn
£bn
£bn
£bn
  
£bn
Loans and advances to customers at amortised cost 
38.2 
36.9 
36.8  
  
36.6 
34.8 
33.2 
31.9 
  
31.5 
Total assets 
45.8 
41.9 
42.4  
  
41.3 
38.9 
36.2 
35.0 
  
34.4 
Customer deposits 
8.3 
7.7 
8.0  
  
7.3 
6.5 
5.9 
5.8 
  
5.1 
Risk weighted assets 
40.7 
40.3 
39.9  
  
39.9 
38.6 
37.7 
36.4 
  
35.7 
  
    
  
              
Performance measures 
    
  
              
Return on average tangible equity 
28.3%
24.9%
21.0% 
  
11.2%
21.8%
24.7%
22.6%
  
16.1%
Average allocated tangible equity (£bn) 
5.0 
5.0 
5.0  
  
4.9 
4.8 
4.6 
4.5 
  
4.2 
Return on average equity 
22.5%
19.7%
16.6% 
  
9.0%
17.5%
19.7%
18.2%
  
12.7%
Average allocated equity (£bn) 
6.3 
6.3 
6.3  
  
6.2 
6.0 
5.8 
5.6 
  
5.3 
Cost: income ratio 
39%
43%
43% 
  
48%
43%
41%
40%
  
50%
Loan loss rate (bps) 
271 
283 
305  
  
374 
309 
309 
325 
  
320 
Net interest margin  
9.26%
9.31%
8.78% 
  
8.13%
8.84%
8.92%
9.19%
  
8.85%

 
Africa Banking 
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
  
Q413
Income statement information 
£m
£m
£m
  
£m
£m
£m
£m
  
£m
Total income net of insurance claims 
861 
910 
948 
  
963 
928 
895 
878 
  
980 
Credit impairment charges and other provisions 
(69)
(103)
(90)
  
(79)
(74)
(100)
(96)
  
(104)
Net operating income 
792 
807 
858 
  
884 
854 
795 
782 
  
876 
Operating expenses  
(536)
(557)
(559)
  
(590)
(572)
(545)
(537)
  
(616)
Litigation and conduct 
- 
- 
- 
  
(1)
(1)
- 
- 
  
- 
Costs to achieve  
(7)
(7)
(6)
  
(23)
(11)
(8)
(9)
  
(15)
UK bank levy 
- 
- 
- 
  
(45)
- 
- 
- 
  
(42)
Total operating expenses 
(543)
(564)
(565)
  
(659)
(584)
(553)
(546)
  
(673)
Other net income 
2 
2 
2 
  
3 
2 
2 
4 
  
- 
Profit before tax 
251 
245 
295 
  
228 
272 
244 
240 
  
203 
Attributable profit 
90 
96 
112 
  
88 
91 
78 
103 
  
30 
  
                    
Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
  
£bn
Loans and advances to customers at amortised cost 
31.7 
33.8 
35.7 
  
35.2 
34.5 
33.8 
35.0 
  
34.9 
Total assets 
52.2 
54.0 
57.8 
  
55.5 
54.6 
52.4 
54.1 
  
54.9 
Customer deposits 
31.8 
34.4 
35.0 
  
35.0 
33.4 
33.2 
34.0 
  
34.6 
Risk weighted assets 
36.0 
36.4 
39.3 
  
38.5 
37.9 
36.5 
36.6 
  
38.0 
  
                    
Performance measures 
                    
Return on average tangible equity 
13.3%
13.2%
14.7%
  
11.9%
13.1%
11.3%
15.5%
  
4.2%
Average allocated tangible equity (£bn) 
2.7 
2.9 
3.1 
  
2.9 
2.8 
2.8 
2.7 
  
2.8 
Return on average equity 
9.7%
9.7%
10.8%
  
8.7%
9.5%
8.1%
11.1%
  
3.0%
Average allocated equity (£bn) 
3.7 
3.9 
4.1 
  
4.0 
3.8 
3.8 
3.7 
  
4.0 
Cost: income ratio 
63%
62%
60%
  
68%
63%
62%
62%
  
69%
Loan loss rate (bps) 
79 
112 
94 
  
83 
79 
111 
104 
  
105 
Net interest margin 
5.96%
5.87%
6.06%
  
5.94%
6.12%
5.83%
5.91%
  
5.87%
  
                    
Constant currency1 
                    
Income statement information 
£m
£m
£m
  
£m
£m
£m
£m
    
Total income net of insurance claims 
861 
838 
834 
  
839 
828 
790 
781 
    
Credit impairment charges and other provisions
(69)
(94)
(79)
  
(68)
(65)
(88)
(85)
    
Net operating income
792 
744 
755 
  
771 
763 
702 
696 
    
Operating expenses  
(536)
(514)
(495)
  
(518)
(513)
(484)
(480)
    
Litigation and conduct 
- 
- 
- 
  
- 
- 
- 
- 
    
Costs to achieve 
(7)
(7)
(5)
  
(20)
(9)
(8)
(7)
    
UK bank levy 
- 
- 
- 
  
(45)
- 
- 
- 
    
Total operating expenses 
(543)
(521)
(500)
  
(583)
(522)
(492)
(487)
    
Other net income 
2 
2 
2 
  
3 
1 
2 
4 
    
Profit before tax 
251 
225 
257 
  
191 
242 
212 
213 
    
Attributable profit 
90 
88 
96 
  
73 
78 
73 
91 
    
  
                    
Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
    
Loans and advances to customers at amortised cost 
31.7 
30.9 
30.7 
  
30.3 
30.2 
29.3 
29.3 
    
Total assets 
52.2 
49.5 
50.0 
  
48.0 
47.9 
45.6 
45.6 
    
Customer deposits 
31.8 
31.5 
30.2 
  
30.3 
29.3 
28.9 
28.7 
    
Risk weighted assets 
36.0 
33.2 
33.7 
  
33.1 
33.1 
31.6 
30.6 
    

1
Constant currency results are calculated by converting ZAR results into GBP using the average exchange rate for the three months ended 30 September 2015 for the income statement and the 30 September 2015 closing exchange rate for the balance sheet to eliminate the impact of movement in exchange rates between the reporting periods.

 
Investment Bank 
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
  
Q413
Income statement information 
£m
£m
£m
  
£m
£m
£m
£m
  
£m
Investment banking fees 
502 
586 
549 
  
527 
410 
661 
513 
  
571 
Lending 
155 
122 
83 
  
111 
137 
66 
103 
  
68 
Banking 
657 
708 
632 
  
638 
547 
727 
616 
  
639 
Credit   
228 
272 
274 
  
173 
255 
270 
346 
  
231 
Equities 
441 
616 
619 
  
431 
395 
629 
591 
  
421 
Macro 
485 
554 
624 
  
424 
470 
504 
552 
  
494 
Markets 
1,154 
1,442 
1,517 
  
1,028 
1,120 
1,403 
1,489 
  
1,146 
Banking & Markets 
1,811 
2,150 
2,149 
  
1,666 
1,667 
2,130 
2,105 
  
1,785 
Other   
- 
- 
- 
  
- 
(2)
24 
(2)
  
(3)
Total income
1,811 
2,150 
2,149 
  
1,666 
1,665 
2,154 
2,103 
  
1,782 
Credit impairment (charges)/releases and other provisions
(35)
(12)
11 
  
(7)
(5)
7 
19 
  
(6)
Net operating income
1,776 
2,138 
2,160 
  
1,659 
1,660 
2,161 
2,122 
  
1,776 
Operating expenses  
(1,321)
(1,328)
(1,410)
  
(1,351)
(1,305)
(1,357)
(1,491)
  
(1,575)
Litigation and conduct 
(44)
(13)
(44)
  
(33)
(1)
(85)
(10)
  
(31)
Costs to achieve 
(94)
(32)
(31)
  
(22)
(70)
(152)
(130)
  
(71)
UK bank levy 
- 
- 
- 
  
(218)
- 
- 
- 
  
(236)
Total operating expenses 
(1,459)
(1,373)
(1,485)
  
(1,624)
(1,376)
(1,594)
(1,631)
  
(1,913)
Profit/(loss) before tax 
317 
765 
675 
  
35 
284 
567 
491 
  
(137)
Attributable profit/(loss) 
182 
417 
344 
  
(150)
112 
204 
231 
  
(74)
  
                    
Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
  
£bn
Loans and advances to banks and customers at amortised cost 
128.9 
123.1 
134.4 
  
106.3 
123.1 
117.2 
129.7 
  
104.5 
Trading portfolio assets 
79.9 
81.8 
99.1 
  
94.8 
98.8 
101.2 
101.2 
  
96.6 
Derivative financial instrument assets 
137.0 
118.5 
175.9 
  
152.6 
131.4 
104.2 
99.9 
  
108.7 
Derivative financial instrument liabilities 
145.7 
127.7 
186.0 
  
160.6 
137.6 
109.5 
106.7 
  
116.6 
Reverse repurchase agreements and other similar secured lending 
69.3 
58.4 
58.0 
  
64.3 
82.8 
83.0 
86.6 
  
78.2 
Total assets 
452.0 
420.1 
509.6 
  
455.7 
488.4 
446.2 
469.4 
  
438.0 
Risk weighted assets 
120.5 
115.3 
123.0 
  
122.4 
127.9 
123.9 
125.2 
  
124.4 
  
                    
Performance measures 
                    
Return on average tangible equity 
5.5%
12.2%
9.7%
  
(3.9%)
3.3%
5.6%
6.4%
  
(2.1%)
Average allocated tangible equity (£bn) 
13.7 
13.9 
14.5 
  
14.7 
14.2 
14.8 
14.7 
  
14.4 
Return on average equity 
5.2%
11.5%
9.1%
  
(3.7%)
3.1%
5.3%
6.1%
  
(2.0%)
Average allocated equity (£bn) 
14.6 
14.8 
15.4 
  
15.6 
15.0 
15.5 
15.4 
  
15.1 
Cost: income ratio 
81%
64%
69%
  
97%
83%
74%
78%
  
107%
  
                    
Head Office 
                    
Income statement information 
£m
£m
£m
  
£m
£m
£m
£m
  
£m
Total (expense)/income  
(42)
28 
14 
  
27 
56 
78 
81 
  
227 
Credit impairment releases/(charges) and other provisions
1 
(1)
- 
  
- 
- 
- 
- 
  
3 
Net operating (expense)/income 
(41)
27 
14 
  
27 
56 
78 
81 
  
230 
Operating expenses  
(104)
(50)
(28)
  
(11)
(9)
(34)
(3)
  
(37)
Litigation and conduct 
(14)
(5)
(2)
  
(8)
(4)
(42)
(12)
  
(10)
Costs to achieve  
(8)
(17)
(5)
  
(8)
- 
5 
(7)
  
(22)
UK bank levy 
- 
- 
- 
  
(9)
- 
- 
- 
  
(29)
Total operating expenses  
(126)
(72)
(35)
  
(36)
(13)
(71)
(22)
  
(98)
Other net income/(expenses) 
- 
2 
2 
  
- 
(3)
(1)
1 
  
7 
(Loss)/profit before tax 
(167)
(43)
(19)
  
(9)
40 
6 
60 
  
139 
Attributable (loss)/profit 
(156)
(47)
(33)
  
122 
(41)
45 
(15)
  
192 
  
                    
Balance sheet information 
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
  
£bn
Total assets 
47.1 
52.6 
45.7 
  
49.1 
41.5 
43.3 
33.7 
  
26.6 
Risk weighted assets 
7.6 
7.5 
6.3 
  
5.6 
7.5 
7.6 
16.0 
  
16.2 
Average allocated tangible equity  
4.6 
3.2 
2.3 
  
1.1 
0.3 
(1.1)
(2.8)
  
(3.1)
Average allocated equity  
5.0 
3.6 
2.8 
  
1.4 
0.7 
(0.7)
(2.5)
  
(2.9)

 
Performance Management
 
Returns and equity by business
  
Nine months ended
Nine months ended 
  
30.09.15
30.09.14 
Return on average tangible equity 
%
% 
Personal and Corporate Banking 
17.3 
16.7  
Barclaycard 
24.7 
23.0  
Africa Banking 
13.7 
13.2  
Investment Bank 
9.1 
5.1  
Barclays Core excluding Head Office 
14.8 
12.4  
Head Office impact1 
(2.1)
0.4  
Barclays Core 
12.7 
12.8  
Barclays Non-Core impact1 
(4.4)
(5.4) 
Barclays Group adjusted total 
8.3 
7.4  
  
  
  
  
Nine months ended
Nine months ended 
  
30.09.15
30.09.14 
Return on average equity 
%
% 
Personal and Corporate Banking 
13.0 
12.5  
Barclaycard 
19.6 
18.5  
Africa Banking 
10.1 
9.6  
Investment Bank 
8.6 
4.9  
Barclays Core excluding Head Office 
12.2 
10.3  
Head Office impact1 
(1.7)
0.2  
Barclays Core 
10.5 
10.5  
Barclays Non-Core impact1 
(3.4)
(4.2) 
Barclays Group adjusted total 
7.1 
6.3  
  
  
  
  
Nine months ended
Nine months ended 
  
30.09.15
30.09.14 
Profit/(loss) attributable to ordinary equity holders of the parent2 
£m
£m 
Personal and Corporate Banking 
1,765 
1,629   
Barclaycard 
925 
805   
Africa Banking 
298 
272   
Investment Bank 
962 
559   
Head Office 
(240)
(11) 
Barclays Core 
3,710 
3,254   
Barclays Non-Core 
(720)
(629) 
Barclays Group adjusted total 
2,990 
2,625   

1
Return on average equity and average tangible equity for Head Office and Barclays Non-Core represents their impact on Barclays Core and the Group respectively. This does not represent the return on average equity and average tangible equity of Head Office or the Non-Core business.
2
Profit for the period attributable to ordinary equity holders of the parent includes the tax credit recorded in reserves in respect of interest payments on other equity instruments.

  
Nine months ended
Nine months ended 
  
30.09.15
30.09.14 
Average allocated tangible equity
£bn
£bn 
Personal and Corporate Banking 
13.6 
13.0  
Barclaycard 
5.0 
4.7  
Africa Banking 
2.9 
2.7  
Investment Bank 
14.0 
14.6  
Head Office1 
3.4 
(1.2) 
Barclays Core 
38.9 
33.8  
Barclays Non-Core 
9.2 
13.6  
Barclays Group adjusted total 
48.1 
47.4  
  
  
  
  
Nine months ended
Nine months ended 
  
30.09.15
30.09.14 
Average allocated equity
£bn
£bn 
Personal and Corporate Banking 
18.1 
17.3  
Barclaycard 
6.3 
5.8  
Africa Banking 
3.9 
3.8  
Investment Bank 
14.9 
15.3  
Head Office1 
3.8 
(0.8) 
Barclays Core 
47.0 
41.4  
Barclays Non-Core 
9.3 
13.8  
Barclays Group adjusted total 
56.3 
55.2  
  
  
  
  
As at 30.09.15
As at 30.06.15 
Period end allocated equity
£bn
£bn 
Personal and Corporate Banking 
18.2 
17.9  
Barclaycard 
6.3 
6.3  
Africa Banking 
3.6 
3.9  
Investment Bank 
14.4 
13.7  
Head Office1 
5.8 
5.2  
Barclays Core 
48.3 
47.0  
Barclays Non-Core 
8.5 
8.3  
Barclays Group adjusted total 
56.8 
55.3  

1
Based on risk weighted assets and capital deductions in Head Office, plus the residual balance of average ordinary shareholders’ equity and tangible ordinary shareholders’ equity.
 
 
 
Margins and balances
 
 
 
 
 
 
 
Nine months ended 30.09.15
Nine months ended 30.09.14
 
Net interest income
Average customer assets
Net interest margin
Net interest income
Average customer assets
Net interest margin
 
£m
£m
%
£m
£m
%
Personal and Corporate Banking
 4,809 
 214,748 
 2.99 
 4,679 
 209,284 
2.99 
Barclaycard
 2,608 
 38,221 
 9.12 
 2,287 
 34,050 
8.98 
Africa Banking
 1,567 
 35,063 
 5.98 
 1,547 
 34,720 
5.96 
Total Personal and Corporate Banking, Barclaycard and Africa Banking
 8,984 
 288,032 
4.17 
 8,513 
 278,054 
4.09 
Other
 380 
    
 613 
    
Total net interest income
 9,364 
    
 9,126 
    

  
      
Quarterly analysis for PCB, Barclaycard and Africa Banking
Three months ended 30.09.15
  
Net interest income
Average customer assets
Net interest margin
  
£m
£m
%
Personal and Corporate Banking 
 1,606 
 214,505 
2.97 
Barclaycard 
 904 
 38,721 
9.26 
Africa Banking 
 499 
 33,205 
5.96 
Total Personal and Corporate Banking, Barclaycard and Africa Banking 
 3,009 
 286,431 
4.17 
  
      
 
Three months ended 30.06.15
Personal and Corporate Banking 
 1,602 
 215,069 
2.99 
Barclaycard 
 883 
 38,025 
9.31 
Africa Banking 
 521 
 35,610 
5.87 
Total Personal and Corporate Banking, Barclaycard and Africa Banking 
 3,006 
 288,704 
4.18 
  
      
  
Three months ended 31.03.15
Personal and Corporate Banking 
 1,601 
 214,645 
3.02 
Barclaycard 
 821 
 37,909 
8.78 
Africa Banking1 
 547 
 36,603 
6.06 
Total Personal and Corporate Banking, Barclaycard and Africa Banking 
 2,969 
 289,157 
4.18 
  
      
  
Three months ended 31.12.14
Personal and Corporate Banking 
 1,619 
 212,444 
 3.02 
Barclaycard 
 757 
 36,932 
 8.13 
Africa Banking 
 546 
 36,465 
 5.94 
Total Personal and Corporate Banking, Barclaycard and Africa Banking 
 2,922 
 285,841 
 4.06 

1
Q115 net interest income has been revised by £14m to accurately reflect the classification of income across financial statement line items.

 
Condensed Consolidated Financial Statements
 
Consolidated summary income statement
  
Nine months ended
Nine months ended
Continuing operations 
30.09.15
30.09.14
  
£m
£m
Total income net of insurance claims 
20,191 
20,267 
Credit impairment charges and other provisions 
(1,468)
(1,595)
Net operating income 
18,723 
18,672 
  
    
Staff costs 
(7,394)
(8,377)
Administration and general expenses 
(7,037)
(6,219)
Operating expenses 
(14,431)
(14,596)
  
    
Loss on disposal of undertakings and share of results of associates and joint ventures 
(317)
(354)
Profit before tax 
3,975 
3,722 
Tax 
(1,214)
(1,496)
Profit after tax 
2,761 
2,226 
  
    
Attributable to: 
    
Ordinary equity holders of the parent 
2,028 
1,505 
Other equity holders 
238 
170 
Total equity holders 
2,266 
1,675 
Non-controlling interests 
495 
551 
Profit after tax 
2,761 
2,226 
  
    
Earnings per share from continuing operations1 
    
Basic earnings per ordinary share1 
12.4p
9.4p

1
The profit after tax attributable to other equity holders of £238m (Q314 YTD: £170m) is offset by a tax credit recorded in reserves of £48m (Q314 YTD: £36m). The net amount of £190m (Q314 YTD: £134m), along with non-controlling interests (NCI) is deducted from profit after tax in order to calculate earnings per share.

 
Consolidated summary balance sheet 
  
  
  
  
As at 
As at 
As at 
  
30.09.15 
30.06.15 
31.12.14 
Assets 
£m 
£m 
£m 
Cash, balances at central banks 
34,544  
33,341  
39,695  
Items in the course of collection from other banks 
1,417  
1,227  
1,210  
Trading portfolio assets 
95,356  
98,048  
114,717  
Financial assets designated at fair value 
34,413  
33,335  
38,300  
Derivative financial instruments1
378,930  
341,312  
439,909  
Available for sale financial investments 
98,901  
96,210  
86,066  
Loans and advances to banks 
48,233  
44,548  
42,111  
Loans and advances to customers 
434,497  
430,719  
427,767  
Reverse repurchase agreements and other similar secured lending 
83,928  
93,138  
131,753  
Other assets 
26,310  
24,841  
36,378  
Total assets 
1,236,529  
1,196,719  
1,357,906  
  
  
  
  
Liabilities 
  
  
  
Deposits from banks 
55,832  
55,978  
58,390  
Items in the course of collection due to banks 
1,557  
1,539  
1,177  
Customer accounts 
443,442  
438,270  
427,704  
Repurchase agreements and other similar secured borrowing 
85,158  
85,092  
124,479  
Trading portfolio liabilities 
43,887  
41,818  
45,124  
Financial liabilities designated at fair value 
46,756  
51,284  
56,972  
Derivative financial instruments1  
379,126  
342,964  
439,320  
Debt securities in issue 
72,125  
75,525  
86,099  
Subordinated liabilities 
20,644  
19,664  
21,153  
Other liabilities 
19,927  
19,010  
31,530  
Total liabilities 
1,168,454  
1,131,144  
1,291,948  
  
  
  
  
Equity 
  
  
  
Called up share capital and share premium 
21,551  
21,523  
20,809  
Other reserves 
2,070  
1,334  
2,724  
Retained earnings 
33,010  
32,099  
31,712  
Shareholders' equity attributable to ordinary shareholders of the parent 
56,631  
54,956  
55,245  
Other equity instruments  
5,314  
4,325  
4,322  
Total equity excluding non-controlling interests 
61,945  
59,281  
59,567  
Non-controlling interests 
6,130  
6,294  
6,391  
Total equity 
68,075  
65,575  
65,958  
  
  
  
  
Total liabilities and equity 
1,236,529  
1,196,719  
1,357,906  

 
1
Financial collateral of £45.1bn (June 2015: £40.1bn) was received in respect of derivative assets, including £37.3bn (June 2015: £33.0bn) of cash collateral and £7.8bn (June 2015: £7.1bn) of non-cash collateral.  Financial collateral of £47.7bn (June 2015: £42.2bn) was placed in respect of derivative liabilities, including £39.2bn (June 2015: £35.6bn) of cash collateral and £8.5bn (June 2015: £6.6bn) of non-cash collateral (collateral amounts limited to net balance sheet exposure so as to not include over-collateralisation).
 
Consolidated statement of changes in equity
  
 
  
  
  
    
  
    
Nine months ended 30.09.15
Called up share capital and share premium 
Other equity instruments 
Other reserves1
Retained earnings
Total
Non-controlling interests 
Total
equity
  
 
£m 
£m 
£m 
£m
£m
£m 
£m
  
Balance as at 1 January 2015
20,809  
4,322  
2,724  
31,712 
59,567 
6,391  
65,958 
  
Profit after tax
-  
238  
-  
2,028 
2,266 
495  
2,761 
  
Other comprehensive profit after tax for the period
-  
-  
(679) 
450 
(229)
(319) 
(548)
  
Issue of shares
742  
-  
-  
455 
1,197 
-  
1,197 
  
Issue and exchange of equity instruments
-  
995  
-  
- 
995 
-  
995 
  
Dividends
-  
-  
-  
(913)
(913)
(445) 
(1,358)
  
Coupons paid on other equity instruments
-  
(238) 
-  
48 
(190)
-  
(190)
  
Treasury shares
-  
-  
25  
(736)
(711)
-  
(711)
  
Other movements
-  
(3) 
-  
(34)
(37)
8  
(29)
  
Balance as at 30 September 2015
21,551  
5,314  
2,070  
33,010 
61,945 
6,130  
68,075 
  
 
  
  
  
    
  
    
                 
Three months ended 30.09.15
Called up share capital and share premium 
Other equity instruments 
Other reserves1
Retained earnings
Total
Non-controlling interests 
Total
equity
  
 
£m 
£m 
£m 
£m
£m
£m 
£m
  
Balance as at 1 July 2015
21,523  
4,325  
1,334  
32,099 
59,281 
6,294  
65,575 
  
Profit after tax
-  
79  
-  
417 
496 
157  
653 
  
Other comprehensive profit after tax for the period
-  
-  
713  
503 
1,216 
(182) 
1,034 
  
Issue of shares
28  
-  
-  
152 
180 
-  
180 
  
Issue and exchange of equity instruments
-  
995  
-  
- 
995 
-  
995 
  
Dividends
-  
-  
-  
(167)
(167)
(144) 
(311)
  
Coupons paid on other equity instruments
-  
(79) 
-  
16 
(63)
-  
(63)
  
Treasury shares
-  
-  
23  
(30)
(7)
-  
(7)
  
Other movements
-  
(6) 
-  
20 
14 
5  
19 
  
Balance as at 30 September 2015
21,551  
5,314  
2,070  
33,010 
61,945 
6,130  
68,075 
  

1
Other reserves includes currency translation reserve of £0.7bn debit (30 June 2015: £1.0bn debit), available for sale investments of £nil (30 June 2015: £0.3bn), cash flow hedge reserve of £1.8bn (30 June 2015: £1.2bn), other reserves and treasury shares of £1.0bn (30 June 2015: £0.9bn).

Capital
 
CRD IV capital
 
 
The Capital Requirements Regulation and Capital Requirements Directive implemented Basel 3 within the EU (collectively known as CRD IV) on 1 January 2014.  The rules are supplemented by Regulatory Technical Standards and the PRA’s rulebook, including the implementation of transitional rules. However, rules and guidance are still subject to change as certain aspects of CRD IV are dependent on final technical standards and clarifications to be issued by the EBA and adopted by the European Commission and the PRA. All capital, RWA and leverage calculations reflect Barclays’ interpretation of the current rules.
Capital ratios  
As at
As at
As at
30.09.15
30.06.15
31.12.14
Fully loaded Common Equity Tier 1 
11.1%
11.1%
10.3%
PRA Transitional Common Equity Tier 11,2
11.1%
11.1%
10.2%
PRA Transitional Tier 13,4
14.2%
14.0%
13.0%
PRA Transitional Total Capital3,4
17.7%
17.4%
16.5%
  
      
Capital resources  
£m
£m
£m
Shareholders' equity (excluding non controlling interests) per the balance sheet 
 61,945 
59,281 
59,567 
 - Less: Other equity instruments (recognised as AT1 capital) 
(5,314)
(4,325)
(4,322)
Adjustment to retained earnings for foreseeable dividends 
(545)
(731)
(615)
  
      
Minority interests (amount allowed in consolidated CET1) 
1,139 
1,200 
1,227 
  
      
Other regulatory adjustments and deductions: 
      
Additional value adjustments (PVA) 
(2,018)
(1,506)
(2,199)
Goodwill and intangible assets 
(8,177)
(8,145)
(8,127)
Deferred tax assets that rely on future profitability excluding temporary differences 
(1,012)
(1,132)
(1,080)
Fair value reserves related to gains or losses on cash flow hedges 
(1,807)
(1,185)
(1,814)
Excess of expected losses over impairment 
(1,568)
(1,536)
(1,772)
Gains or losses on liabilities at fair value resulting from own credit 
(53)
127 
658 
Direct and indirect holdings by an institution of own CET1 instruments 
(57)
(57)
(25)
Other regulatory adjustments 
(128)
1 
(45)
Fully loaded CET1 capital 
42,405 
41,992 
41,453 
Regulatory adjustments relating to unrealised gains1 
- 
- 
(583)
PRA Transitional CET1 capital 
42,405 
41,992 
40,870 
  
      
Additional Tier 1 (AT1) capital  
      
Capital instruments and related share premium accounts 
5,314 
4,325 
4,322 
Qualifying AT1 capital (including minority interests) issued by subsidiaries  
6,697 
6,666 
6,870 
Other regulatory adjustments and deductions 
(130)
(130)
- 
Transitional Additional Tier 1 capital 
11,881 
10,861 
11,192 
PRA Transitional Tier 1 capital 
54,286 
52,853 
52,062 
  
      
Tier 2 (T2) capital 
      
Capital instruments and related share premium accounts 
824 
792 
800 
Qualifying T2 capital (including minority interests) issued by subsidiaries 
12,602 
12,268 
13,529 
Other regulatory adjustments and deductions 
(254)
(254)
(48)
PRA Transitional total regulatory capital 
67,458 
65,659 
66,343 
  
      
Risk weighted assets 
381,851 
376,683 
401,900 

1
The transitional regulatory adjustment for unrealised gains is no longer applicable from 1 January 2015 resulting in CET1 capital on a fully loaded basis being equal to that on a transitional basis.
2
The CRD IV CET1 ratio (FSA October 2012 transitional statement) as applicable to Barclays’ Tier 2 Contingent Capital Notes was 12.7% based on £48.4bn of transitional CRD IV CET1 capital and £381.9bn of RWAs.
3
The PRA transitional capital is based on guidance provided in policy statement PS 7/13 on strengthening capital standards published in December 2013.
4
As at 30 September 2015, Barclays’ fully loaded Tier 1 capital was £47,859m, and the fully loaded Tier 1 ratio was 12.5%. Fully loaded total regulatory capital was £62,838m and the fully loaded total capital ratio was 16.5%. The fully loaded Tier 1 capital and total capital measures are calculated without applying the transitional provisions set out in CRD IV and assessing compliance of AT1 and T2 instruments against the relevant criteria in CRD IV.


Movement in Common Equity Tier 1 (CET1) capital 
Three months
Nine
months
ended
ended
30.09.15
30.09.15
£m
£m
Opening CET1 capital 
41,992 
41,453 
  
    
Profit for the period 
496 
2,266 
Movement in own credit 
(180)
(711)
Movement in dividends 
(44)
(1,033)
Retained regulatory capital generated from earnings 
272 
522 
  
    
Movement in reserves - net impact of share schemes 
173 
486 
Movement in available for sale reserves 
(266)
(561)
Movement in currency translation reserves 
350 
(113)
Movement in retirement benefits 
500 
406 
Other reserves movements 
30 
12 
Movement in other qualifying reserves 
787 
230 
  
    
Minority interests 
(61)
(88)
Additional value adjustments (PVA) 
(512)
181 
Goodwill and intangible assets 
(32)
(50)
Deferred tax assets that rely on future profitability excluding those arising from temporary differences 
120 
68 
Excess of expected loss over impairment 
(32)
204 
Direct and indirect holdings by an institution of own CET1 instruments 
- 
(32)
Other regulatory adjustments 
(129)
(83)
Movement in regulatory adjustments and deductions 
(646)
200 
  
    
Closing CET1 capital 
42,405 
42,405 

 
Leverage
 
Leverage ratio requirements

The leverage ratio has been calculated in accordance with the European Union Delegated act which came into force from January 2015. The leverage calculation below uses the end-point CRR definition of Tier 1 capital for the numerator and the CRR definition of leverage exposure as adopted by the act.

At 30 September 2015 Barclays leverage ratio was 4.2%, which exceeds the expected minimum fully loaded requirement outlined by the Financial Policy Committee (FPC)1 of 3.7%, comprising the 3% minimum requirement, and the fully phased-in G-SII buffer.

1
In July 2015 the PRA set out a consultation on how it proposes to implement the FPC recommendations in the UK. The PRA is expected to publish a policy statement, finalised rules and supervisory statements by the end of 2015.

Leverage exposure and ratio 
  
 
 
 
  
  
  
  
As at
30.09.15 
As at
30.06.15
As at 31.12.14 
Leverage exposure 
£bn 
£bn
£bn 
 
  
  
  
Accounting assets 
  
  
  
Derivative financial instruments 
 379  
 341 
 440  
Cash collateral 
 64  
 60 
 73  
Reverse repurchase agreements 
 84  
 93 
 132  
Loans and advances and other assets 
 710  
 703 
 713  
Total IFRS assets
 1,237 
 1,197 
 1,358  
 
  
  
  
Regulatory consolidation adjustments 
(6)
(5)
(8) 
 
  
  
  
Derivatives adjustments
    
  
Derivatives netting
(343)
(308)
(395) 
Adjustments to cash collateral
(50)
(47)
(53) 
Net written credit protection
22 
 20 
 27  
Potential Future Exposure (PFE) on derivatives
155 
160 
179  
Total derivatives adjustments
(216)
(175)
(242) 
     
  
Securities financing transactions (SFTs) adjustments
27 
24 
25  
     
  
Regulatory deductions and other adjustments
(15)
(14)
(15) 
Weighted off-balance sheet commitments
114 
112 
115  
     
  
Total fully loaded leverage exposure
 1,141 
 1,139 
 1,233  
  
  
  
  
Fully loaded CET 1 capital 
 42.4  
42.0 
41.5  
Fully loaded AT1 capital 
 5.5  
4.5 
4.6  
Fully loaded Tier 1 capital
 47.9 
 46.5 
 46.0  
  
  
  
  
Fully loaded leverage ratio 
4.2% 
4.1%
3.7% 

 
Shareholder Information
 
  
  
Results timetable1 
Date
Ex-dividend date 
5 November 2015
Dividend Record date 
6 November 2015
Scrip reference share price set and made available to shareholders 
12 November 2015
Cut off time of 4.30 pm (London time) for the receipt of Mandate Forms or Revocation Forms (as applicable) 
20 November 2015
Dividend Payment date /first day of dealing in new shares 
11 December 2015
2015 Full Year Results and Audited Annual Report 
1 March 2016
  
  
For qualifying US and Canadian resident ADR holders, the third interim dividend of 1p per ordinary share becomes 4p per ADS (representing four shares). The ADR depositary will post the third interim dividend on Friday 11 December 2015 to ADR holders on the record at close of business on Friday 6 November 2015.  The ex-dividend date will be Wednesday 4 November 2015.

  
          
% Change3 
Exchange rates2
30.09.15
30.06.15
31.12.14
30.09.14
  
30.06.15
31.12.14
30.09.14 
Period end - USD/GBP 
1.51 
1.57 
1.56 
1.62 
  
(4%)
(3%)
(7%) 
YTD Average - USD/GBP 
1.53 
1.52 
1.65 
1.67 
  
1%
(7%)
(8%) 
3 Month average - USD/GBP 
1.55 
1.53 
1.58 
1.67 
  
1%
(2%)
(7%) 
Period end - EUR/GBP 
1.36 
1.41 
1.28 
1.28 
  
(4%)
6%
6% 
YTD Average - EUR/GBP 
1.37 
1.37 
1.24 
1.23 
  
-
10%
11% 
3 Month average - EUR/GBP 
1.39 
1.38 
1.27 
1.26 
  
1%
9%
10% 
Period end - ZAR/GBP 
20.97 
19.12 
18.03 
18.32 
  
10%
16%
14% 
YTD Average - ZAR/GBP 
18.81 
18.16 
17.84 
17.87 
  
4%
5%
5% 
3 Month average - ZAR/GBP 
20.08 
18.49 
17.75 
17.98 
  
9%
13%
12% 
  
              
  
Share price data
30.09.15
30.06.15
31.12.14
30.09.14
      
  
Barclays PLC (p) 
244.15 
260.50 
243.50 
227.45 
      
  
Barclays PLC number of shares (m) 
16,784 
16,773 
16,498 
16,453 
      
  
Barclays Africa Group Limited (formerly Absa Group Limited) (ZAR) 
170.20 
182.98 
182.00 
154.13 
      
  
Barclays Africa Group Limited (formerly Absa Group Limited)
number of shares (m)
848 
848 
848 
848 
      
  
  
              
  
For further information please contact 
              
  
  
              
  
Investor relations 
Media relations
      
  
Kathryn McLeland +44 (0) 20 7116 4943
Will Bowen +44 (0) 20 3134 7744
      
  
  
              
  
More information on Barclays can be found on our website: www.home.barclays
 
 
 
  
  
              
  
Registered office 
              
  
1 Churchill Place, London, E14 5HP, United Kingdom. Tel: +44 (0) 20 7116 1000. Company number: 48839
  
              
  
Registrar  
              
  
Equiniti, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA United Kingdom.
Tel: 0371 384 20554 from the UK or +44 (0) 121 415 7004 from overseas. 
        
  

1
Note that these announcement dates are provisional and subject to change. Any changes to the Scrip Dividend Programme dates will be made available at www.home.barclays/dividends.
2
The average rates shown above are derived from daily spot rates during the year used to convert foreign currency transactions into GBP for accounting purposes.
3
The change is the impact to GBP reported information.
4
Lines open 8.30am to 5.30pm UK time, Monday to Friday, excluding UK public holidays.