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BARCLAYS
PLC
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(Registrant)
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By: /s/
Garth Wright
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Garth
Wright
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Assistant
Secretary
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COVID-19 support
Supporting
our customers, clients, communities, and colleagues
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●
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Provided over 640k
payment holidays to customers, c.£25bn of COVID-19 support to
UK businesses1 and helped
businesses and institutions access global capital markets
including
underwriting over
£1tn of new issuance2 in Q220 and Q320.
Also waived c.£100m of interest and fees to customers, and
committed to a £100m COVID-19 Community Aid
Package
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Income
Diversified
income streams with strong Q320 YTD CIB income offsetting
challenges in Barclays UK and CC&P
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Group income of £16.8bn up 3% versus prior year
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●
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Barclays International income of £12.4bn, up 11% versus prior
year
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-
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Corporate and Investment Bank (CIB) income of £9.8bn, up
24% driven by strong Markets income reflecting wider spreads
and market share gains3
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-
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Consumer, Cards and Payments (CC&P) income of £2.6bn, down
21% driven by lower balances, margin compression and reduced
payments activity
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●
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Barclays UK income of £4.7bn down 12% versus prior year
reflecting lower interest rates and unsecured lending balances,
COVID-19 customer support actions and the removal of certain
fees
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Credit impairment charges
Increased
impairment provisioning driving higher coverage ratios across
portfolios
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Group credit impairment charges increased to £4.3bn (Q319 YTD:
£1.4bn) reflecting the impact from revised IFRS 9
scenarios and £0.7bn in respect of single name wholesale loan
charges
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●
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Impairment
coverage ratio for the unsecured consumer lending and wholesale
portfolios increased to 12.2% (FY19: 8.1%) and 1.5% (FY19: 0.8%)
respectively
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Costs4
Improved
cost: income ratio
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Group
operating expenses of £10.0bn down 1% versus prior
year
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Cost
efficiencies and cost discipline contributed to positive cost:
income jaws of 4% resulting in an improved cost: income ratio of
59% (Q319 YTD: 62%)
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Capital, liquidity and TNAV
Strong
capital and liquidity position
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CET1
ratio of 14.6%, a YTD increase of 80bps
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●
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The
increase over the first nine months of the year reflects profits,
regulatory measures and cancellation of the full year 2019 dividend
payment, partially offset by a YTD increase in Risk Weighted Assets
(RWAs)
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Headroom
of 3.3% above Maximum Distributable Amount (MDA) hurdle of
11.3%5
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The
Group liquidity pool was £327bn (December 2019: £211bn)
and the liquidity coverage ratio (LCR) was 181% (December 2019:
160%)
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Tangible
net asset value (TNAV) per share increased to 275p (December 2019:
262p)
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Q320 performance
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Q320
Barclays UK and CC&P income improved from Q220, whilst CIB
remains strong year on year
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Q320 Group profit before tax of £1.1bn (Q319: £0.2bn),
resulting in a RoTE of 5.1% (Q319: (2.4%)) and EPS of 3.5p (Q319:
(1.7p))
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Q320 Group income of £5.2bn, down 6% versus prior
year
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Q320 Barclays International income of £3.8bn, up 1% versus
prior year
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-
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Q320 CIB income of £2.9bn, up 11% versus prior year
driven by a 29% increase in Markets income, but down 12% versus
prior quarter
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-
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Q320 CC&P income of £0.9bn, down 23% versus prior year but
up 26% versus prior quarter improved from the Q220 low point
reflecting recovery in US cards spend, deposit repricing, UK
merchant acquiring volumes, and the non-recurrence of a £100m
valuation loss in Barclays’ preference shares in Visa
Inc.
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Q320 Barclays UK income of £1.6bn, down 16% versus prior year
but up 6% versus prior quarter improved from the Q220 low
point with Q320 net interest margin (NIM) stable at 2.51% (Q220:
2.48%)
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Q320 Group credit impairment charge of £0.6bn, up 32% versus
prior year but down 63% versus prior quarter
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Q320 Group operating expenses of
£3.4bn4, up 3% versus prior
year and 2% versus prior quarter
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●
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CET1 ratio of 14.6%, an increase of 40bps in Q320 mainly due to
lower RWAs
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1
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Total payment holidays granted as at 30 September 2020, business
lending and commercial paper issuance data as at 19 October
2020.
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2
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Across Equity and Debt Capital Markets.
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3
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Data source: Coalition, H120 Competitor Analysis. Market share
represents Barclays share of the total industry Revenue Pool.
Analysis is based on Barclays internal business structure and
internal revenues.
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4
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Excluding litigation and conduct.
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5
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Barclays’ MDA hurdle will fluctuate depending on the total
RWAs at each reporting period and any future regulatory
changes.
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Outlook
remains uncertain and subject to change depending on the evolution
and persistence of the COVID-19 pandemic and the outcome of Brexit
negotiations
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Income
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●
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Certain
headwinds to income in Barclays UK are expected to persist in 2021
including the low interest rate environment
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●
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The
drivers of CC&P income are showing signs of recovery but the
outlook remains uncertain
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●
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After a
strong Q320 YTD CIB performance driven by Markets, the franchise is
well positioned for the future
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Impairment
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●
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Provided
macroeconomic assumptions remain consistent with expectations, we
expect the H220 impairment charge to be materially below that of
H120 and it is likely that the full year 2021 impairment charge
will be below that of 2020
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Costs
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●
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The
Group expects FY20 costs, excluding litigation and conduct, to be
broadly flat versus FY19. However, the Group will be evaluating
actions to reduce structural costs, which could result in
additional charges, the timing and size of which remain to be
determined
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Capital
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The
Group remains in a strong capital position and is confident of its
capital generation capacity over time, acknowledging likely
headwinds to the CET1 ratio from procyclical effects on RWAs and
reduced benefit from transitional relief on IFRS 9
impairment
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●
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The
Board recognises the importance of capital returns to shareholders
and will provide an update on its policy and dividends at FY20
results
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Barclays Group results
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for the nine months ended
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30.09.20
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30.09.19
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£m
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£m
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% Change
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Total income
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16,825
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16,331
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3
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Credit impairment charges
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(4,346)
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(1,389)
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Net operating income
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12,479
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14,942
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(16)
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Operating expenses
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(9,954)
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(10,051)
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1
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Litigation and conduct
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(106)
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(1,682)
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94
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Total operating expenses
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(10,060)
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(11,733)
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14
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Other net income
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-
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51
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Profit before tax
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2,419
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3,260
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(26)
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Tax charge
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(441)
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(814)
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46
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Profit after tax
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1,978
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2,446
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(19)
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Non-controlling interests
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(41)
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(38)
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(8)
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Other equity instrument holders
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(631)
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(628)
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-
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Attributable profit
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1,306
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1,780
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(27)
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Performance measures
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Return on average tangible shareholders' equity
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3.6%
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5.1%
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Average tangible shareholders' equity (£bn)
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48.5
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46.6
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Cost: income ratio
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60%
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72%
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Loan loss rate (bps)
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164
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53
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Basic earnings per share
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7.6p
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10.4p
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Dividend per share
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-
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3.0p
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Performance measures excluding
litigation and conduct1
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Profit before tax
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2,525
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4,942
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(49)
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Attributable profit
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1,378
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3,391
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(59)
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Return on average tangible shareholders' equity
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3.8%
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9.7%
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Cost: income ratio
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59%
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62%
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Basic earnings per share
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8.0p
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19.7p
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As at 30.09.20
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As at 31.12.19
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As at 30.09.19
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Balance sheet and capital
management2
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£bn
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£bn
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£bn
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Loans and advances at amortised cost
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344.4
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339.1
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345.1
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Deposits at amortised cost
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494.6
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415.8
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420.6
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Tangible net asset value per share
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275p
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262p
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274p
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Common equity tier 1 ratio
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14.6%
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13.8%
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13.4%
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Common equity tier 1 capital
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45.5
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40.8
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41.9
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Risk weighted assets
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310.7
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295.1
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313.3
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Average UK leverage ratio
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5.1%
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4.5%
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4.6%
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UK leverage ratio
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5.2%
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5.1%
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4.8%
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Funding and liquidity
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Group liquidity pool (£bn)
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327
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211
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226
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Liquidity coverage ratio
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181%
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160%
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151%
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Loan: deposit ratio
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70%
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82%
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82%
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1
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Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
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2
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Refer to pages 29 to 35 for further information on how capital,
RWAs and leverage are calculated.
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1
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Total payment holidays granted as at 30 September 2020, business
lending and commercial paper issuance data as at 19 October
2020.
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2
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The Coronavirus Business Interruption Loan Scheme (CBILS) and the
Coronavirus Large Business Interruption Loan Scheme programmes
(together the CBILS programmes).
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3
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Across Equity and Debt Capital Markets.
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4
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Excluding litigation and conduct.
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5
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Data source: Coalition, H120 Competitor Analysis Market share
represents Barclays share of the total industry Revenue Pool.
Analysis is based on Barclays internal business structure and
internal revenues.
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Statutory
RoTE was 3.6% (Q319 YTD: 5.1%) and statutory EPS was 7.6p (Q319
YTD: 10.4p)
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●
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Profit
before tax was £2,419m (Q319 YTD: £3,260m). Excluding
litigation and conduct, profit before tax was £2,525m (Q319
YTD: £4,942m), as positive operating leverage from a 3%
increase in income and 1% reduction in operating expenses was
offset by materially higher credit impairment charges
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Pre-provision
profits1
increased 9% to £6,871m, benefitting from the Group’s
diversified business model, as strong performance in CIB more than
offset income headwinds in Barclays UK and CC&P
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●
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Total
income increased 3% to £16,825m. Barclays UK income decreased
12%. Barclays International income increased 11%, with CIB income
up 24% and CC&P income down 21%
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●
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Credit
impairment charges increased to £4,346m (Q319 YTD:
£1,389m). This increase was primarily driven by the impact
from revised IFRS 9 scenarios (the “COVID-19
scenarios”) reflecting forecast deterioration in
macroeconomic variables (including a prolonged period of heightened
UK and US unemployment), partially offset by the estimated impact
of central bank, government and other support measures, and
£746m in respect of single name wholesale loan charges in
CIB
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●
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Operating
expenses decreased 1% to £9,954m reflecting cost efficiencies
and continued cost discipline in the current environment. The Group
delivered positive cost: income jaws of 4% which resulted in the
Group cost: income ratio, excluding litigation and conduct,
reducing to 59% (Q319 YTD: 62%)
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●
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The
effective tax rate was 18.2% (Q319 YTD: 25.0%). This reflects the
tax benefit recognised for a re-measurement of UK deferred tax
assets as a result of the UK corporation tax rate being maintained
at 19%. The Group’s effective tax rate for the full year is
expected to be around 20%, excluding litigation and
conduct
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●
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Attributable
profit was £1,306m (Q319 YTD: £1,780m). Excluding
litigation and conduct, attributable profit was £1,378m (Q319
YTD: £3,391m), generating a RoTE of 3.8% (Q319 YTD: 9.7%) and
EPS of 8.0p (Q319 YTD: 19.7p)
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●
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Total
assets increased to £1,422bn (December 2019: £1,140bn),
primarily due to a £91bn increase in cash and balances at
central banks, £67bn increase in derivative assets and
£50bn increase in financial assets at fair value through the
income statement. This is due to the low interest rate environment,
increased client activity and the appreciation of period end USD
against GBP
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●
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Loans
and advances at amortised cost increased by £5bn to
£344bn, which reflects the £9.7bn of lending under the
government backed Bounce Back Loan Scheme (BBLS) and the CBILS
which Barclays UK has provided to support businesses through the
COVID-19 pandemic and £3.2bn of mortgage growth. This was
partially offset by lower card balances
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●
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Deposits
at amortised cost increased by £79bn to £495bn, primarily
due to CIB clients increasing liquidity, lower consumer spending
levels and precautionary balance build
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●
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TNAV
per share increased to 275p (December 2019: 262p) reflecting 7.6p
of statutory EPS and positive reserve movements, including
retirement benefit re-measurements and currency translation
reserves
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●
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Profit
before tax, excluding litigation and conduct, was £300m (Q319
YTD: £1,899m). RoTE was 2.5% (Q319 YTD: 17.2%) reflecting a
challenging operating environment and materially higher credit
impairment charges
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●
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Total
income decreased 12% to £4,721m. Net interest income reduced
11% to £3,917m with a NIM of 2.63% (Q319 YTD: 3.10%). Net fee,
commission and other income decreased 18% to
£804m
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-
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Personal
Banking income decreased 11% to £2,627m, reflecting deposit
margin compression, COVID-19 customer support actions, and lower
unsecured lending balances, partially offset by deposit balance
growth and transfer of Barclays Partner Finance (BPF) from Barclays
International in Q220
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-
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Barclaycard
Consumer UK income decreased 20% to £1,165m as reduced
borrowing and spend levels by customers resulted in a lower level
of interest earning lending (IEL) balances, as well as planned
lower debt sales
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-
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Business
Banking income decreased 6% to £929m due to deposit margin
compression, lower transactional fee volumes as a result of
COVID-19 and related customer support actions, partially offset by
balance growth
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●
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Credit
impairment charges increased to £1,297m (Q319 YTD: £522m)
reflecting forecast deterioration in macroeconomic variables in the
COVID-19 scenarios, partially offset by the estimated impact of
central bank, government and other support measures. As at 30
September 2020, 30 and 90 day arrears rates in UK cards were 1.7%
(Q319: 1.7%) and 0.8% (Q319: 0.8%) respectively
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●
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Operating
expenses increased 5% to £3,136m as efficiency savings were
more than offset by higher servicing and financial assistance
costs, as well as the transfer of BPF and further
investment
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●
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Loans
and advances to customers at amortised cost increased 5% to
£203.9bn predominantly through £9.7bn of BBLS and CBILS
lending, £3.2bn of mortgage growth and the £2.2bn
transfer of BPF, partially offset by £4.0bn lower UK cards
balances
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●
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Customer
deposits at amortised cost increased 13% to £232.0bn due to
lower customer spending and precautionary balance
build
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●
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RWAs
increased to £76.2bn (December 2019: £74.9bn) driven by
the transfer of BPF and growth in mortgages, partially offset by a
reduction in consumer loans
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1
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Excluding litigation and conduct.
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●
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Profit
before tax, excluding litigation and conduct, decreased 19% to
£2,833m with a RoTE of 7.6% (Q319 YTD: 10.4%), reflecting a
RoTE of 10.5% (Q319 YTD: 9.3%) in CIB and (9.9)% (Q319 YTD: 15.8%)
in CC&P
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●
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Total
income increased to £12,435m (Q319 YTD:
£11,223m)
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-
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CIB
income increased 24% to £9,838m
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-
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Markets
income of £6,255m (Q319 YTD: £4,116m) was the best ever
Q3 YTD on a comparable basis1 reflecting an
increase in market share in the first half of the year2. FICC income
increased 64% to £4,326m driven by strong performances in
macro and credit, mainly reflecting wider spreads. Equities income
increased 31% to £1,929m driven by derivatives and cash due to
higher levels of client activity and volatility
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-
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Banking
fees income increased 1% to £1,977m as a strong performance in
equity and debt capital markets, representing the best ever Q3 YTD
on a comparable basis for these businesses1, was offset by lower
fee income in advisory which was impacted by a reduced fee
pool3
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-
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Within
Corporate, Transaction banking income decreased 6% to £1,202m
as deposit balance growth was more than offset by margin
compression. Corporate lending income decreased by 28% to
£404m reflecting c.£210m of losses on fair value lending
positions and on mark-to-market and carry costs on related hedges
in Q320 YTD
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|
-
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CC&P
income decreased 21% to £2,597m as the impacts of the COVID-19
pandemic resulted in lower balances on co-branded cards, margin
compression and reduced payments activity. Q220 included a
c.£100m valuation loss on Barclays’ preference shares in
Visa Inc. resulting from the Q220 Supreme Court ruling concerning
charges paid by merchants
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|
●
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Credit
impairment charges increased to £2,989m (Q319 YTD:
£844m)
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||
|
-
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CIB
credit impairment charges increased to £1,507m (Q319 YTD:
£127m), reflecting £746m in respect of single name
wholesale loan charges and the impact from updates to forecast
macroeconomic variables, partially offset by the estimated impact
of central bank, government and other support measures
|
|
|
-
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CC&P
credit impairment charges increased to £1,482m (Q319 YTD:
£717m) reflecting the impact from updates to forecast
macroeconomic variables, partially offset by the estimated impact
of central bank, government and other support measures. As at 30
September 2020, 30 and 90 day arrears in US cards were 2.3% (Q319:
2.6%) and 1.1% (Q319: 1.3%) respectively
|
|
●
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Operating
expenses decreased 4% to £6,632m
|
||
|
-
|
CIB
operating expenses decreased 2% to £5,086m due to cost
efficiencies and discipline in the current environment
|
|
|
-
|
CC&P
operating expenses decreased 11% to £1,546m reflecting cost
efficiencies, lower marketing spend due to the impacts of the
COVID-19 pandemic and transfer of BPF to Barclays UK in
Q220
|
|
●
|
RWAs
increased to £224.7bn (December 2019: £209.2bn) primarily
due to increased market volatility, client activity and a reduction
in credit quality within CIB, partially offset by lower CC&P
balances
|
1
|
Period covering Q114 – Q320. Pre 2014 financials were not
restated following re-segmentation in Q116.
|
2
|
Data source: Coalition, H120 Competitor Analysis. Market share
represents Barclays share of the total industry Revenue Pool.
Analysis is based on Barclays internal business structure and
internal revenues.
|
3
|
Data source: Dealogic for the period covering 1 January to 30
September 2020.
|
●
|
Loss
before tax, excluding litigation and conduct, was £608m (Q319
YTD: £465m)
|
●
|
Total
income was an expense of £331m (Q319 YTD: £286m), which
included treasury items and hedge accounting, mark-to-market losses on legacy
investments and funding costs of legacy capital instruments,
partially offset by the recognition of dividends on Barclays’
stake in Absa Group Limited
|
●
|
Credit
impairment charges increased to £60m (Q319 YTD: £23m) due
to impacts from the COVID-19 scenarios on the Italian home loan
portfolio, partially offset by the estimated impact of central
bank, government and other support measures
|
●
|
Operating expenses
were £186m (Q319 YTD: £155m), which included £73m of
charitable donations from Barclays’ COVID-19 Community Aid
Package
|
●
|
Other
net expenses were £31m (Q319 YTD: £1m), which included a
fair value loss on an investment in an associate
|
●
|
RWAs
decreased to £9.8bn (December 2019: £11.0bn) driven by
the reduction in value of Barclays’ stake in Absa Group
Limited
|
●
|
The
CET1 ratio increased to 14.6% (December 2019: 13.8%)
|
|
|
-
|
CET1
capital increased by £4.7bn to £45.5bn reflecting
resilient capital generation through £6.3bn of profits after
tax, excluding credit impairment charges and a £1.0bn increase
due to the cancellation of the full year 2019 dividend. The CET1
capital increase also reflects new regulatory measures implemented
in June 2020 for IFRS 9 transitional relief and prudent
valuation
|
|
-
|
RWAs
increased by £15.6bn to £310.7bn primarily due to higher
market volatility and client activity within CIB as well as a
reduction in credit quality, partially offset by lower consumer
lending
|
●
|
The
average UK leverage ratio increased to 5.1% (December 2019: 4.5%)
primarily driven by the increase in CET1 capital. The average
leverage exposure decreased by £32bn to £1,111bn
(December 2019: £1,143bn) largely driven by the Prudential
Regulation Authority’s (PRA) early adoption of CRR II
settlement netting
|
●
|
The
liquidity pool was £327bn (December 2019: £211bn) and the
LCR remained significantly above the 100% regulatory requirement at
181% (December 2019: 160%), equivalent to a surplus of £143bn
(December 2019: £78bn). The increase in the liquidity pool,
LCR and surplus is driven by a 19% growth in customer deposits and
actions to maintain a prudent funding and liquidity position in the
current environment
|
●
|
Wholesale
funding outstanding, excluding repurchase agreements, was
£175.3bn (December 2019: £147.1bn). The Group issued
£6.6bn equivalent of minimum requirement for own funds and
eligible liabilities (MREL) instruments from Barclays PLC (the
Parent company) during the year to date. The Group is well advanced
in its MREL issuance plans, with a Barclays PLC MREL ratio of 32.8%
as at 30 September 2020 (December 2019: 31.2%) relative to an
estimated requirement (including requisite buffers) of c.29.9% by 1
January 2022
|
●
|
As at
30 September 2020, the Group held a provision of £300m
relating to PPI. Since the provision increase to £1.4bn in
Q319, 96% of the items outstanding as at 30 September 2019 have
been resolved (including invalid items and claims from the Official
Receiver with whom we reached an agreement in Q320). Observations
from these resolved complaints continue to support the provision
level
|
Income
|
|
●
|
Certain
headwinds to income in Barclays UK are expected to persist in 2021
including the low interest rate environment
|
●
|
The
drivers of CC&P income are showing signs of recovery but the
outlook remains uncertain
|
●
|
After a
strong Q320 YTD CIB performance driven by Markets, the franchise is
well positioned for the future
|
Impairment
|
|
●
|
Provided
macroeconomic assumptions remain consistent with expectations, we
expect the H220 impairment charge to be materially below that of
H120 and it is likely that the full year 2021 impairment charge
will be below that of 2020
|
Costs
|
|
●
|
The
Group expects FY20 costs, excluding litigation and conduct, to be
broadly flat versus FY19. However, the Group will be evaluating
actions to reduce structural costs, which could result in
additional charges, the timing and size of which remain to be
determined
|
Capital
|
|
●
|
The
Group remains in a strong capital position and is confident of its
capital generation capacity over time, acknowledging likely
headwinds to the CET1 ratio from procyclical effects on RWAs and
reduced benefit from transitional relief on IFRS 9
impairment
|
●
|
The
Board recognises the importance of capital returns to shareholders
and will provide an update on its policy and dividends at FY20
results
|
Targets
|
|
●
|
The
Group continues to target a RoTE of >10%1 and cost: income
ratio of <60% over time, but targets remain subject to change
depending on the evolution and persistence of the COVID-19 pandemic
and the outcome of Brexit negotiations
|
1
|
Excluding litigation and conduct.
|
Barclays UK
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
Net interest income
|
3,917
|
4,410
|
(11)
|
Net fee, commission and other income
|
804
|
984
|
(18)
|
Total income
|
4,721
|
5,394
|
(12)
|
Credit impairment charges
|
(1,297)
|
(522)
|
|
Net operating income
|
3,424
|
4,872
|
(30)
|
Operating expenses
|
(3,136)
|
(2,973)
|
(5)
|
Litigation and conduct
|
(36)
|
(1,524)
|
98
|
Total operating expenses
|
(3,172)
|
(4,497)
|
29
|
Other net income
|
12
|
-
|
|
Profit before tax
|
264
|
375
|
(30)
|
Attributable profit/(loss)
|
165
|
(157)
|
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
Loans and advances to customers at amortised cost
|
203.9
|
193.7
|
193.2
|
Total assets
|
294.5
|
257.8
|
257.9
|
Customer deposits at amortised cost
|
232.0
|
205.5
|
203.3
|
Loan: deposit ratio
|
91%
|
96%
|
97%
|
Risk weighted assets
|
76.2
|
74.9
|
76.8
|
Period end allocated tangible equity
|
10.0
|
10.3
|
10.4
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
Performance measures
|
30.09.20
|
30.09.19
|
|
Return on average allocated tangible equity
|
2.2%
|
(2.0%)
|
|
Average allocated tangible equity (£bn)
|
10.2
|
10.4
|
|
Cost: income ratio
|
67%
|
83%
|
|
Loan loss rate (bps)
|
81
|
35
|
|
Net interest margin
|
2.63%
|
3.10%
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
Profit before tax
|
300
|
1,899
|
(84)
|
Attributable profit
|
190
|
1,332
|
(86)
|
Return on average allocated tangible equity
|
2.5%
|
17.2%
|
|
Cost: income ratio
|
66%
|
55%
|
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays UK
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Analysis of total income
|
£m
|
£m
|
% Change
|
Personal Banking
|
2,627
|
2,945
|
(11)
|
Barclaycard Consumer UK
|
1,165
|
1,459
|
(20)
|
Business Banking
|
929
|
990
|
(6)
|
Total income
|
4,721
|
5,394
|
(12)
|
|
|
|
|
Analysis of credit impairment charges
|
|
|
|
Personal Banking
|
(312)
|
(124)
|
|
Barclaycard Consumer UK
|
(803)
|
(364)
|
|
Business Banking
|
(182)
|
(34)
|
|
Total credit impairment charges
|
(1,297)
|
(522)
|
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Analysis of loans and advances to customers at amortised
cost
|
£bn
|
£bn
|
£bn
|
Personal Banking
|
155.7
|
151.9
|
150.1
|
Barclaycard Consumer UK
|
10.7
|
14.7
|
14.9
|
Business Banking
|
37.5
|
27.1
|
28.2
|
Total loans and advances to customers at amortised
cost
|
203.9
|
193.7
|
193.2
|
|
|
|
|
Analysis of customer deposits at amortised cost
|
|
|
|
Personal Banking
|
173.2
|
159.2
|
157.9
|
Barclaycard Consumer UK
|
0.1
|
-
|
-
|
Business Banking
|
58.7
|
46.3
|
45.4
|
Total customer deposits at amortised cost
|
232.0
|
205.5
|
203.3
|
Barclays International
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
Net interest income
|
2,668
|
2,976
|
(10)
|
Net trading income
|
5,548
|
3,270
|
70
|
Net fee, commission and other income
|
4,219
|
4,977
|
(15)
|
Total income
|
12,435
|
11,223
|
11
|
Credit impairment charges
|
(2,989)
|
(844)
|
|
Net operating income
|
9,446
|
10,379
|
(9)
|
Operating expenses
|
(6,632)
|
(6,923)
|
4
|
Litigation and conduct
|
(39)
|
(30)
|
(30)
|
Total operating expenses
|
(6,671)
|
(6,953)
|
4
|
Other net income
|
19
|
52
|
(63)
|
Profit before tax
|
2,794
|
3,478
|
(20)
|
Attributable profit
|
1,779
|
2,419
|
(26)
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
Loans and advances at amortised cost
|
128.0
|
132.8
|
138.1
|
Trading portfolio assets
|
122.3
|
113.3
|
119.4
|
Derivative financial instrument assets
|
295.9
|
228.9
|
286.0
|
Financial assets at fair value through the income
statement
|
178.2
|
128.4
|
158.0
|
Cash collateral and settlement balances
|
121.8
|
79.4
|
112.5
|
Other assets
|
261.7
|
178.6
|
195.6
|
Total assets
|
1,107.9
|
861.4
|
1,009.6
|
Deposits at amortised cost
|
262.4
|
210.0
|
217.6
|
Derivative financial instrument liabilities
|
293.3
|
228.9
|
283.3
|
Loan: deposit ratio
|
49%
|
63%
|
63%
|
Risk weighted assets
|
224.7
|
209.2
|
223.1
|
Period end allocated tangible equity
|
30.5
|
29.6
|
31.4
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
Performance measures
|
30.09.20
|
30.09.19
|
|
Return on average allocated tangible equity
|
7.5%
|
10.3%
|
|
Average allocated tangible equity (£bn)
|
31.8
|
31.2
|
|
Cost: income ratio
|
54%
|
62%
|
|
Loan loss rate (bps)
|
300
|
80
|
|
Net interest margin
|
3.71%
|
4.00%
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
Profit before tax
|
2,833
|
3,508
|
(19)
|
Attributable profit
|
1,808
|
2,445
|
(26)
|
Return on average allocated tangible equity
|
7.6%
|
10.4%
|
|
Cost: income ratio
|
53%
|
62%
|
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays International
|
|
|
|
Corporate and Investment Bank
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
FICC
|
4,326
|
2,638
|
64
|
Equities
|
1,929
|
1,478
|
31
|
Markets
|
6,255
|
4,116
|
52
|
Advisory
|
329
|
574
|
(43)
|
Equity capital markets
|
369
|
273
|
35
|
Debt capital markets
|
1,279
|
1,108
|
15
|
Banking fees
|
1,977
|
1,955
|
1
|
Corporate lending
|
404
|
563
|
(28)
|
Transaction banking
|
1,202
|
1,283
|
(6)
|
Corporate
|
1,606
|
1,846
|
(13)
|
Total income
|
9,838
|
7,917
|
24
|
Credit impairment charges
|
(1,507)
|
(127)
|
|
Net operating income
|
8,331
|
7,790
|
7
|
Operating expenses
|
(5,086)
|
(5,191)
|
2
|
Litigation and conduct
|
(6)
|
(30)
|
80
|
Total operating expenses
|
(5,092)
|
(5,221)
|
2
|
Other net income
|
4
|
27
|
(85)
|
Profit before tax
|
3,243
|
2,596
|
25
|
Attributable profit
|
2,141
|
1,787
|
20
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
Loans and advances at amortised cost
|
96.8
|
92.0
|
95.8
|
Trading portfolio assets
|
122.2
|
113.3
|
119.3
|
Derivative financial instrument assets
|
295.9
|
228.8
|
286.0
|
Financial assets at fair value through the income
statement
|
177.9
|
127.7
|
157.3
|
Cash collateral and settlement balances
|
121.0
|
78.5
|
111.6
|
Other assets
|
228.9
|
155.3
|
171.5
|
Total assets
|
1,042.7
|
795.6
|
941.5
|
Deposits at amortised cost
|
195.6
|
146.2
|
152.1
|
Derivative financial instrument liabilities
|
293.2
|
228.9
|
283.2
|
Risk weighted assets
|
193.3
|
171.5
|
184.9
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
Performance measures
|
30.09.20
|
30.09.19
|
|
Return on average allocated tangible equity
|
10.5%
|
9.2%
|
|
Average allocated tangible equity (£bn)
|
27.2
|
25.9
|
|
Cost: income ratio
|
52%
|
66%
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
Profit before tax
|
3,249
|
2,626
|
24
|
Attributable profit
|
2,145
|
1,813
|
18
|
Return on average allocated tangible equity
|
10.5%
|
9.3%
|
|
Cost: income ratio
|
52%
|
66%
|
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays International
|
|
|
|
Consumer, Cards and Payments
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
Net interest income
|
1,694
|
2,105
|
(20)
|
Net fee, commission, trading and other income
|
903
|
1,201
|
(25)
|
Total income
|
2,597
|
3,306
|
(21)
|
Credit impairment charges
|
(1,482)
|
(717)
|
|
Net operating income
|
1,115
|
2,589
|
(57)
|
Operating expenses
|
(1,546)
|
(1,732)
|
11
|
Litigation and conduct
|
(33)
|
-
|
|
Total operating expenses
|
(1,579)
|
(1,732)
|
9
|
Other net income
|
15
|
25
|
(40)
|
(Loss)/profit before tax
|
(449)
|
882
|
|
Attributable (loss)/profit
|
(362)
|
632
|
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
Loans and advances at amortised cost
|
31.2
|
40.8
|
42.3
|
Total assets
|
65.2
|
65.8
|
68.1
|
Deposits at amortised cost
|
66.8
|
63.8
|
65.5
|
Risk weighted assets
|
31.4
|
37.7
|
38.2
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
Performance measures
|
30.09.20
|
30.09.19
|
|
Return on average allocated tangible equity
|
(10.6%)
|
15.8%
|
|
Average allocated tangible equity (£bn)
|
4.6
|
5.3
|
|
Cost: income ratio
|
61%
|
52%
|
|
Loan loss rate (bps)
|
577
|
213
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
(Loss)/profit before tax
|
(416)
|
882
|
|
Attributable (loss)/profit
|
(337)
|
632
|
|
Return on average allocated tangible equity
|
(9.9%)
|
15.8%
|
|
Cost: income ratio
|
60%
|
52%
|
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Head Office
|
Nine months ended
|
Nine months ended
|
|
30.09.20
|
30.09.19
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
Net interest income
|
(307)
|
(323)
|
5
|
Net fee, commission and other income
|
(24)
|
37
|
|
Total income
|
(331)
|
(286)
|
(16)
|
Credit impairment charges
|
(60)
|
(23)
|
|
Net operating income
|
(391)
|
(309)
|
(27)
|
Operating expenses
|
(186)
|
(155)
|
(20)
|
Litigation and conduct
|
(31)
|
(128)
|
76
|
Total operating expenses
|
(217)
|
(283)
|
23
|
Other net expenses
|
(31)
|
(1)
|
|
Loss before tax
|
(639)
|
(593)
|
(8)
|
Attributable loss
|
(638)
|
(482)
|
(32)
|
|
|
|
|
|
As at 30.09.20
|
As at 31.12.19
|
As at 30.09.19
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
Total assets
|
19.3
|
21.0
|
22.9
|
Risk weighted assets
|
9.8
|
11.0
|
13.4
|
Period end allocated tangible equity
|
7.1
|
5.6
|
5.5
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
Performance measures
|
30.09.20
|
30.09.19
|
|
Average allocated tangible equity (£bn)
|
6.5
|
5.0
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
Loss before tax
|
(608)
|
(465)
|
(31)
|
Attributable loss
|
(620)
|
(386)
|
(61)
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Barclays Group
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Net interest income
|
2,055
|
1,892
|
2,331
|
|
2,344
|
2,445
|
2,360
|
2,258
|
|
2,296
|
Net fee, commission and other income
|
3,149
|
3,446
|
3,952
|
|
2,957
|
3,096
|
3,178
|
2,994
|
|
2,777
|
Total income
|
5,204
|
5,338
|
6,283
|
|
5,301
|
5,541
|
5,538
|
5,252
|
|
5,073
|
Credit impairment charges
|
(608)
|
(1,623)
|
(2,115)
|
|
(523)
|
(461)
|
(480)
|
(448)
|
|
(643)
|
Net operating income
|
4,596
|
3,715
|
4,168
|
|
4,778
|
5,080
|
5,058
|
4,804
|
|
4,430
|
Operating costs
|
(3,391)
|
(3,310)
|
(3,253)
|
|
(3,308)
|
(3,293)
|
(3,501)
|
(3,257)
|
|
(3,624)
|
UK bank levy
|
-
|
-
|
-
|
|
(226)
|
-
|
-
|
-
|
|
(269)
|
Operating expenses
|
(3,391)
|
(3,310)
|
(3,253)
|
|
(3,534)
|
(3,293)
|
(3,501)
|
(3,257)
|
|
(3,893)
|
Guaranteed Minimum Pensions (GMP) charge
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
(140)
|
Litigation and conduct
|
(76)
|
(20)
|
(10)
|
|
(167)
|
(1,568)
|
(53)
|
(61)
|
|
(60)
|
Total operating expenses
|
(3,467)
|
(3,330)
|
(3,263)
|
|
(3,701)
|
(4,861)
|
(3,554)
|
(3,318)
|
|
(4,093)
|
Other net income/(expenses)
|
18
|
(26)
|
8
|
|
20
|
27
|
27
|
(3)
|
|
37
|
Profit before tax
|
1,147
|
359
|
913
|
|
1,097
|
246
|
1,531
|
1,483
|
|
374
|
Tax charge
|
(328)
|
(42)
|
(71)
|
|
(189)
|
(269)
|
(297)
|
(248)
|
|
(75)
|
Profit/(loss) after tax
|
819
|
317
|
842
|
|
908
|
(23)
|
1,234
|
1,235
|
|
299
|
Non-controlling interests
|
(4)
|
(21)
|
(16)
|
|
(42)
|
(4)
|
(17)
|
(17)
|
|
(83)
|
Other equity instrument holders
|
(204)
|
(206)
|
(221)
|
|
(185)
|
(265)
|
(183)
|
(180)
|
|
(230)
|
Attributable profit/(loss)
|
611
|
90
|
605
|
|
681
|
(292)
|
1,034
|
1,038
|
|
(14)
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity
|
5.1%
|
0.7%
|
5.1%
|
|
5.9%
|
(2.4%)
|
9.0%
|
9.2%
|
|
(0.1%)
|
Average tangible shareholders' equity (£bn)
|
48.3
|
50.2
|
47.0
|
|
46.4
|
48.4
|
46.2
|
45.2
|
|
44.3
|
Cost: income ratio
|
67%
|
62%
|
52%
|
|
70%
|
88%
|
64%
|
63%
|
|
81%
|
Loan loss rate (bps)
|
69
|
179
|
223
|
|
60
|
52
|
56
|
54
|
|
77
|
Basic earnings/(loss) per share
|
3.5p
|
0.5p
|
3.5p
|
|
3.9p
|
(1.7p)
|
6.0p
|
6.1p
|
|
(0.1p)
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Profit before tax
|
1,223
|
379
|
923
|
|
1,264
|
1,814
|
1,584
|
1,544
|
|
434
|
Attributable profit
|
668
|
106
|
604
|
|
803
|
1,233
|
1,074
|
1,084
|
|
48
|
Return on average tangible shareholders' equity
|
5.5%
|
0.8%
|
5.1%
|
|
6.9%
|
10.2%
|
9.3%
|
9.6%
|
|
0.4%
|
Cost: income ratio
|
65%
|
62%
|
52%
|
|
67%
|
59%
|
63%
|
62%
|
|
79%
|
Basic earnings per share
|
3.9p
|
0.6p
|
3.5p
|
|
4.7p
|
7.2p
|
6.3p
|
6.3p
|
|
0.3p
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet and capital
management2
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Loans and advances at amortised cost
|
344.4
|
354.9
|
374.1
|
|
339.1
|
345.1
|
339.3
|
330.7
|
|
326.4
|
Total assets
|
1,421.7
|
1,385.1
|
1,444.3
|
|
1,140.2
|
1,290.4
|
1,232.8
|
1,193.5
|
|
1,133.3
|
Deposits at amortised cost
|
494.6
|
466.9
|
470.7
|
|
415.8
|
420.6
|
413.6
|
412.7
|
|
394.8
|
Tangible net asset value per share
|
275p
|
284p
|
284p
|
|
262p
|
274p
|
275p
|
266p
|
|
262p
|
Common equity tier 1 ratio
|
14.6%
|
14.2%
|
13.1%
|
|
13.8%
|
13.4%
|
13.4%
|
13.0%
|
|
13.2%
|
Common equity tier 1 capital
|
45.5
|
45.4
|
42.5
|
|
40.8
|
41.9
|
42.9
|
41.4
|
|
41.1
|
Risk weighted assets
|
310.7
|
319.0
|
325.6
|
|
295.1
|
313.3
|
319.1
|
319.7
|
|
311.9
|
Average UK leverage ratio
|
5.1%
|
4.7%
|
4.5%
|
|
4.5%
|
4.6%
|
4.7%
|
4.6%
|
|
4.5%
|
Average UK leverage exposure
|
1,111.1
|
1,148.7
|
1,176.2
|
|
1,142.8
|
1,171.2
|
1,134.6
|
1,105.5
|
|
1,110.0
|
UK leverage ratio
|
5.2%
|
5.2%
|
4.5%
|
|
5.1%
|
4.8%
|
5.1%
|
4.9%
|
|
5.1%
|
UK leverage exposure
|
1,095.1
|
1,071.1
|
1,178.7
|
|
1,007.7
|
1,099.8
|
1,079.4
|
1,065.0
|
|
998.6
|
|
|
|
|
|
|
|
|
|
|
|
Funding and liquidity
|
|
|
|
|
|
|
|
|
|
|
Group liquidity (£bn)
|
327
|
298
|
237
|
|
211
|
226
|
238
|
232
|
|
227
|
Liquidity coverage ratio
|
181%
|
186%
|
155%
|
|
160%
|
151%
|
156%
|
160%
|
|
169%
|
Loan: deposit ratio
|
70%
|
76%
|
79%
|
|
82%
|
82%
|
82%
|
80%
|
|
83%
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
2
|
Refer to pages 29 to 35 for further information on how capital,
RWAs and leverage are calculated.
|
Barclays UK
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Net interest income
|
1,280
|
1,225
|
1,412
|
|
1,478
|
1,503
|
1,438
|
1,469
|
|
1,513
|
Net fee, commission and other income
|
270
|
242
|
292
|
|
481
|
343
|
333
|
308
|
|
350
|
Total income
|
1,550
|
1,467
|
1,704
|
|
1,959
|
1,846
|
1,771
|
1,777
|
|
1,863
|
Credit impairment charges
|
(233)
|
(583)
|
(481)
|
|
(190)
|
(101)
|
(230)
|
(191)
|
|
(296)
|
Net operating income
|
1,317
|
884
|
1,223
|
|
1,769
|
1,745
|
1,541
|
1,586
|
|
1,567
|
Operating costs
|
(1,095)
|
(1,018)
|
(1,023)
|
|
(1,023)
|
(952)
|
(1,022)
|
(999)
|
|
(1,114)
|
UK bank levy
|
-
|
-
|
-
|
|
(41)
|
-
|
-
|
-
|
|
(46)
|
Operating expenses
|
(1,095)
|
(1,018)
|
(1,023)
|
|
(1,064)
|
(952)
|
(1,022)
|
(999)
|
|
(1,160)
|
Litigation and conduct
|
(25)
|
(6)
|
(5)
|
|
(58)
|
(1,480)
|
(41)
|
(3)
|
|
(15)
|
Total operating expenses
|
(1,120)
|
(1,024)
|
(1,028)
|
|
(1,122)
|
(2,432)
|
(1,063)
|
(1,002)
|
|
(1,175)
|
Other net (expenses)/income
|
(1)
|
13
|
-
|
|
-
|
-
|
(1)
|
1
|
|
(2)
|
Profit/(loss) before tax
|
196
|
(127)
|
195
|
|
647
|
(687)
|
477
|
585
|
|
390
|
Attributable profit/loss
|
113
|
(123)
|
175
|
|
438
|
(907)
|
328
|
422
|
|
241
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Loans and advances to customers at amortised cost
|
203.9
|
202.0
|
195.7
|
|
193.7
|
193.2
|
189.1
|
187.5
|
|
187.6
|
Total assets
|
294.5
|
287.6
|
267.5
|
|
257.8
|
257.9
|
259.0
|
253.1
|
|
249.7
|
Customer deposits at amortised cost
|
232.0
|
225.7
|
207.5
|
|
205.5
|
203.3
|
200.9
|
197.3
|
|
197.3
|
Loan: deposit ratio
|
91%
|
92%
|
96%
|
|
96%
|
97%
|
97%
|
96%
|
|
96%
|
Risk weighted assets
|
76.2
|
77.9
|
77.7
|
|
74.9
|
76.8
|
76.2
|
76.6
|
|
75.2
|
Period end allocated tangible equity
|
10.0
|
10.3
|
10.3
|
|
10.3
|
10.4
|
10.3
|
10.5
|
|
10.2
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
4.5%
|
(4.8%)
|
6.9%
|
|
17.0%
|
(34.9%)
|
12.7%
|
16.3%
|
|
9.6%
|
Average allocated tangible equity (£bn)
|
10.1
|
10.3
|
10.1
|
|
10.3
|
10.4
|
10.3
|
10.4
|
|
10.1
|
Cost: income ratio
|
72%
|
70%
|
60%
|
|
57%
|
132%
|
60%
|
56%
|
|
63%
|
Loan loss rate (bps)
|
43
|
111
|
96
|
|
38
|
20
|
47
|
40
|
|
61
|
Net interest margin
|
2.51%
|
2.48%
|
2.91%
|
|
3.03%
|
3.10%
|
3.05%
|
3.18%
|
|
3.20%
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Profit/(loss) before tax
|
221
|
(121)
|
200
|
|
705
|
793
|
518
|
588
|
|
405
|
Attributable profit/(loss)
|
130
|
(118)
|
178
|
|
481
|
550
|
358
|
424
|
|
253
|
Return on average allocated tangible equity
|
5.2%
|
(4.6%)
|
7.0%
|
|
18.7%
|
21.2%
|
13.9%
|
16.4%
|
|
10.1%
|
Cost: income ratio
|
71%
|
69%
|
60%
|
|
54%
|
52%
|
58%
|
56%
|
|
62%
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays UK
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Analysis of total income
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Personal Banking
|
833
|
826
|
968
|
|
1,064
|
1,035
|
946
|
964
|
|
998
|
Barclaycard Consumer UK
|
362
|
367
|
436
|
|
533
|
472
|
497
|
490
|
|
522
|
Business Banking
|
355
|
274
|
300
|
|
362
|
339
|
328
|
323
|
|
343
|
Total income
|
1,550
|
1,467
|
1,704
|
|
1,959
|
1,846
|
1,771
|
1,777
|
|
1,863
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of credit impairment (charges)/releases
|
|
|
|
|
|
|
|
|
|
|
Personal Banking
|
(48)
|
(130)
|
(134)
|
|
(71)
|
(36)
|
(36)
|
(52)
|
|
(44)
|
Barclaycard Consumer UK
|
(106)
|
(396)
|
(301)
|
|
(108)
|
(49)
|
(175)
|
(140)
|
|
(250)
|
Business Banking
|
(79)
|
(57)
|
(46)
|
|
(11)
|
(16)
|
(19)
|
1
|
|
(2)
|
Total credit impairment charges
|
(233)
|
(583)
|
(481)
|
|
(190)
|
(101)
|
(230)
|
(191)
|
|
(296)
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of loans and advances to customers at amortised
cost
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Personal Banking
|
155.7
|
154.9
|
153.4
|
|
151.9
|
150.1
|
147.3
|
145.9
|
|
146.0
|
Barclaycard Consumer UK
|
10.7
|
11.5
|
13.6
|
|
14.7
|
14.9
|
15.1
|
15.0
|
|
15.3
|
Business Banking
|
37.5
|
35.6
|
28.7
|
|
27.1
|
28.2
|
26.7
|
26.6
|
|
26.3
|
Total loans and advances to customers at amortised
cost
|
203.9
|
202.0
|
195.7
|
|
193.7
|
193.2
|
189.1
|
187.5
|
|
187.6
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of customer deposits at amortised cost
|
|
|
|
|
|
|
|
|
|
|
Personal Banking
|
173.2
|
169.6
|
161.4
|
|
159.2
|
157.9
|
156.3
|
154.1
|
|
154.0
|
Barclaycard Consumer UK
|
0.1
|
0.1
|
-
|
|
-
|
-
|
-
|
-
|
|
-
|
Business Banking
|
58.7
|
56.0
|
46.1
|
|
46.3
|
45.4
|
44.6
|
43.2
|
|
43.3
|
Total customer deposits at amortised cost
|
232.0
|
225.7
|
207.5
|
|
205.5
|
203.3
|
200.9
|
197.3
|
|
197.3
|
Barclays International
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Net interest income
|
823
|
847
|
998
|
|
965
|
1,059
|
1,017
|
900
|
|
984
|
Net trading income
|
1,528
|
1,660
|
2,360
|
|
929
|
1,110
|
1,016
|
1,144
|
|
837
|
Net fee, commission and other income
|
1,430
|
1,503
|
1,286
|
|
1,558
|
1,581
|
1,870
|
1,526
|
|
1,400
|
Total income
|
3,781
|
4,010
|
4,644
|
|
3,452
|
3,750
|
3,903
|
3,570
|
|
3,221
|
Credit impairment charges
|
(370)
|
(1,010)
|
(1,609)
|
|
(329)
|
(352)
|
(247)
|
(245)
|
|
(354)
|
Net operating income
|
3,411
|
3,000
|
3,035
|
|
3,123
|
3,398
|
3,656
|
3,325
|
|
2,867
|
Operating costs
|
(2,227)
|
(2,186)
|
(2,219)
|
|
(2,240)
|
(2,282)
|
(2,435)
|
(2,206)
|
|
(2,441)
|
UK bank levy
|
-
|
-
|
-
|
|
(174)
|
-
|
-
|
-
|
|
(210)
|
Operating expenses
|
(2,227)
|
(2,186)
|
(2,219)
|
|
(2,414)
|
(2,282)
|
(2,435)
|
(2,206)
|
|
(2,651)
|
Litigation and conduct
|
(28)
|
(11)
|
-
|
|
(86)
|
-
|
(11)
|
(19)
|
|
(33)
|
Total operating expenses
|
(2,255)
|
(2,197)
|
(2,219)
|
|
(2,500)
|
(2,282)
|
(2,446)
|
(2,225)
|
|
(2,684)
|
Other net income
|
9
|
4
|
6
|
|
17
|
21
|
13
|
18
|
|
32
|
Profit before tax
|
1,165
|
807
|
822
|
|
640
|
1,137
|
1,223
|
1,118
|
|
215
|
Attributable profit/(loss)
|
782
|
468
|
529
|
|
397
|
799
|
832
|
788
|
|
(21)
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Loans and advances at amortised cost
|
128.0
|
138.1
|
167.0
|
|
132.8
|
138.1
|
134.8
|
130.9
|
|
127.2
|
Trading portfolio assets
|
122.3
|
109.5
|
101.6
|
|
113.3
|
119.4
|
120.0
|
117.2
|
|
104.0
|
Derivative financial instrument assets
|
295.9
|
306.8
|
341.5
|
|
228.9
|
286.0
|
243.8
|
217.3
|
|
222.1
|
Financial assets at fair value through the income
statement
|
178.2
|
154.3
|
188.4
|
|
128.4
|
158.0
|
154.7
|
153.5
|
|
144.7
|
Cash collateral and settlement balances
|
121.8
|
130.8
|
153.2
|
|
79.4
|
112.5
|
101.3
|
97.8
|
|
74.3
|
Other assets
|
261.7
|
236.3
|
201.5
|
|
178.6
|
195.6
|
196.8
|
202.3
|
|
189.8
|
Total assets
|
1,107.9
|
1,075.8
|
1,153.2
|
|
861.4
|
1,009.6
|
951.4
|
919.0
|
|
862.1
|
Deposits at amortised cost
|
262.4
|
241.2
|
263.3
|
|
210.0
|
217.6
|
212.0
|
215.5
|
|
197.2
|
Derivative financial instrument liabilities
|
293.3
|
307.6
|
338.8
|
|
228.9
|
283.3
|
243.0
|
213.5
|
|
219.6
|
Loan: deposit ratio
|
49%
|
57%
|
63%
|
|
63%
|
63%
|
64%
|
61%
|
|
65%
|
Risk weighted assets
|
224.7
|
231.2
|
237.9
|
|
209.2
|
223.1
|
214.8
|
216.1
|
|
210.7
|
Period end allocated tangible equity
|
30.5
|
31.6
|
33.1
|
|
29.6
|
31.4
|
30.2
|
30.6
|
|
29.9
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
10.2%
|
5.6%
|
6.8%
|
|
5.1%
|
9.9%
|
10.7%
|
10.4%
|
|
(0.3%)
|
Average allocated tangible equity (£bn)
|
30.6
|
33.5
|
31.2
|
|
30.9
|
32.2
|
31.1
|
30.5
|
|
31.3
|
Cost: income ratio
|
60%
|
55%
|
48%
|
|
72%
|
61%
|
63%
|
62%
|
|
83%
|
Loan loss rate (bps)
|
112
|
284
|
377
|
|
96
|
99
|
72
|
73
|
|
107
|
Net interest margin
|
3.79%
|
3.43%
|
3.93%
|
|
4.29%
|
4.10%
|
3.91%
|
3.99%
|
|
3.98%
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Profit before tax
|
1,193
|
818
|
822
|
|
726
|
1,137
|
1,234
|
1,137
|
|
248
|
Attributable profit
|
803
|
476
|
529
|
|
461
|
801
|
840
|
804
|
|
13
|
Return on average allocated tangible equity
|
10.5%
|
5.7%
|
6.8%
|
|
6.0%
|
10.0%
|
10.8%
|
10.6%
|
|
0.2%
|
Cost: income ratio
|
59%
|
55%
|
48%
|
|
70%
|
61%
|
62%
|
62%
|
|
82%
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays International
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
Corporate and Investment Bank
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
FICC
|
1,000
|
1,468
|
1,858
|
|
726
|
816
|
920
|
902
|
|
570
|
Equities
|
691
|
674
|
564
|
|
409
|
494
|
517
|
467
|
|
375
|
Markets
|
1,691
|
2,142
|
2,422
|
|
1,135
|
1,310
|
1,437
|
1,369
|
|
945
|
Advisory
|
90
|
84
|
155
|
|
202
|
221
|
221
|
132
|
|
242
|
Equity capital markets
|
122
|
185
|
62
|
|
56
|
86
|
104
|
83
|
|
53
|
Debt capital markets
|
398
|
463
|
418
|
|
322
|
381
|
373
|
354
|
|
330
|
Banking fees
|
610
|
732
|
635
|
|
580
|
688
|
698
|
569
|
|
625
|
Corporate lending
|
232
|
61
|
111
|
|
202
|
195
|
216
|
152
|
|
243
|
Transaction banking
|
372
|
381
|
449
|
|
397
|
424
|
444
|
415
|
|
412
|
Corporate
|
604
|
442
|
560
|
|
599
|
619
|
660
|
567
|
|
655
|
Other
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
(74)
|
Total income
|
2,905
|
3,316
|
3,617
|
|
2,314
|
2,617
|
2,795
|
2,505
|
|
2,151
|
Credit impairment charges
|
(187)
|
(596)
|
(724)
|
|
(30)
|
(31)
|
(44)
|
(52)
|
|
(35)
|
Net operating income
|
2,718
|
2,720
|
2,893
|
|
2,284
|
2,586
|
2,751
|
2,453
|
|
2,116
|
Operating costs
|
(1,716)
|
(1,680)
|
(1,690)
|
|
(1,691)
|
(1,712)
|
(1,860)
|
(1,619)
|
|
(1,835)
|
UK bank levy
|
-
|
-
|
-
|
|
(156)
|
-
|
-
|
-
|
|
(188)
|
Operating expenses
|
(1,716)
|
(1,680)
|
(1,690)
|
|
(1,847)
|
(1,712)
|
(1,860)
|
(1,619)
|
|
(2,023)
|
Litigation and conduct
|
(3)
|
(3)
|
-
|
|
(79)
|
(4)
|
(7)
|
(19)
|
|
(23)
|
Total operating expenses
|
(1,719)
|
(1,683)
|
(1,690)
|
|
(1,926)
|
(1,716)
|
(1,867)
|
(1,638)
|
|
(2,046)
|
Other net income
|
1
|
3
|
-
|
|
1
|
12
|
3
|
12
|
|
15
|
Profit before tax
|
1,000
|
1,040
|
1,203
|
|
359
|
882
|
887
|
827
|
|
85
|
Attributable profit/(loss)
|
627
|
694
|
820
|
|
193
|
609
|
596
|
582
|
|
(84)
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Loans and advances at amortised cost
|
96.8
|
104.9
|
128.2
|
|
92.0
|
95.8
|
92.1
|
90.6
|
|
86.4
|
Trading portfolio assets
|
122.2
|
109.3
|
101.5
|
|
113.3
|
119.3
|
119.9
|
117.2
|
|
104.0
|
Derivative financial instruments assets
|
295.9
|
306.7
|
341.4
|
|
228.8
|
286.0
|
243.7
|
217.3
|
|
222.1
|
Financial assets at fair value through the income
statement
|
177.9
|
153.7
|
187.8
|
|
127.7
|
157.3
|
154.1
|
152.9
|
|
144.2
|
Cash collateral and settlement balances
|
121.0
|
129.7
|
152.2
|
|
78.5
|
111.6
|
100.4
|
96.9
|
|
73.4
|
Other assets
|
228.9
|
205.5
|
171.4
|
|
155.3
|
171.5
|
168.1
|
163.2
|
|
160.4
|
Total assets
|
1,042.7
|
1,009.8
|
1,082.5
|
|
795.6
|
941.5
|
878.3
|
838.1
|
|
790.5
|
Deposits at amortised cost
|
195.6
|
173.9
|
198.4
|
|
146.2
|
152.1
|
145.4
|
151.4
|
|
136.3
|
Derivative financial instrument liabilities
|
293.2
|
307.6
|
338.7
|
|
228.9
|
283.2
|
242.9
|
213.5
|
|
219.6
|
Risk weighted assets
|
193.3
|
198.3
|
201.7
|
|
171.5
|
184.9
|
175.9
|
176.6
|
|
170.9
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
9.5%
|
9.6%
|
12.5%
|
|
3.0%
|
9.1%
|
9.2%
|
9.3%
|
|
(1.3%)
|
Average allocated tangible equity (£bn)
|
26.4
|
29.0
|
26.2
|
|
25.8
|
26.9
|
25.8
|
25.1
|
|
26.0
|
Cost: income ratio
|
59%
|
51%
|
47%
|
|
83%
|
66%
|
67%
|
65%
|
|
95%
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Profit before tax
|
1,003
|
1,043
|
1,203
|
|
438
|
886
|
894
|
846
|
|
108
|
Attributable profit/(loss)
|
629
|
696
|
820
|
|
251
|
614
|
601
|
598
|
|
(57)
|
Return on average allocated tangible equity
|
9.5%
|
9.6%
|
12.5%
|
|
3.9%
|
9.2%
|
9.3%
|
9.5%
|
|
(0.9%)
|
Cost: income ratio
|
59%
|
51%
|
47%
|
|
80%
|
65%
|
67%
|
65%
|
|
94%
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Analysis of Barclays International
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
Consumer, Cards and Payments
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Net interest income
|
518
|
513
|
663
|
|
717
|
720
|
720
|
665
|
|
664
|
Net fee, commission, trading and other income
|
358
|
181
|
364
|
|
421
|
413
|
388
|
400
|
|
406
|
Total income
|
876
|
694
|
1,027
|
|
1,138
|
1,133
|
1,108
|
1,065
|
|
1,070
|
Credit impairment charges
|
(183)
|
(414)
|
(885)
|
|
(299)
|
(321)
|
(203)
|
(193)
|
|
(319)
|
Net operating income
|
693
|
280
|
142
|
|
839
|
812
|
905
|
872
|
|
751
|
Operating costs
|
(511)
|
(506)
|
(529)
|
|
(549)
|
(570)
|
(575)
|
(587)
|
|
(606)
|
UK bank levy
|
-
|
-
|
-
|
|
(18)
|
-
|
-
|
-
|
|
(22)
|
Operating expenses
|
(511)
|
(506)
|
(529)
|
|
(567)
|
(570)
|
(575)
|
(587)
|
|
(628)
|
Litigation and conduct
|
(25)
|
(8)
|
-
|
|
(7)
|
4
|
(4)
|
-
|
|
(10)
|
Total operating expenses
|
(536)
|
(514)
|
(529)
|
|
(574)
|
(566)
|
(579)
|
(587)
|
|
(638)
|
Other net income
|
8
|
1
|
6
|
|
16
|
9
|
10
|
6
|
|
17
|
Profit/(loss) before tax
|
165
|
(233)
|
(381)
|
|
281
|
255
|
336
|
291
|
|
130
|
Attributable profit/(loss)
|
155
|
(226)
|
(291)
|
|
204
|
190
|
236
|
206
|
|
63
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Loans and advances at amortised cost
|
31.2
|
33.2
|
38.8
|
|
40.8
|
42.3
|
42.7
|
40.3
|
|
40.8
|
Total assets
|
65.2
|
66.0
|
70.7
|
|
65.8
|
68.1
|
73.1
|
80.9
|
|
71.6
|
Deposits at amortised cost
|
66.8
|
67.3
|
64.9
|
|
63.8
|
65.5
|
66.6
|
64.1
|
|
60.9
|
Risk weighted assets
|
31.4
|
32.9
|
36.2
|
|
37.7
|
38.2
|
38.9
|
39.5
|
|
39.8
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
14.7%
|
(20.2%)
|
(23.5%)
|
|
15.9%
|
14.2%
|
17.8%
|
15.4%
|
|
4.8%
|
Average allocated tangible equity (£bn)
|
4.2
|
4.5
|
5.0
|
|
5.1
|
5.3
|
5.3
|
5.4
|
|
5.3
|
Cost: income ratio
|
61%
|
74%
|
52%
|
|
50%
|
50%
|
52%
|
55%
|
|
60%
|
Loan loss rate (bps)
|
211
|
455
|
846
|
|
273
|
283
|
180
|
182
|
|
290
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Profit/(loss) before tax
|
190
|
(225)
|
(381)
|
|
288
|
251
|
340
|
291
|
|
140
|
Attributable profit/(loss)
|
174
|
(220)
|
(291)
|
|
210
|
187
|
239
|
206
|
|
70
|
Return on average allocated tangible equity
|
16.5%
|
(19.6%)
|
(23.5%)
|
|
16.3%
|
14.0%
|
18.0%
|
15.4%
|
|
5.4%
|
Cost: income ratio
|
58%
|
73%
|
52%
|
|
50%
|
50%
|
52%
|
55%
|
|
59%
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Head Office
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Net interest income
|
(48)
|
(180)
|
(79)
|
|
(99)
|
(117)
|
(95)
|
(111)
|
|
(201)
|
Net fee, commission and other income
|
(79)
|
41
|
14
|
|
(11)
|
62
|
(41)
|
16
|
|
190
|
Total income
|
(127)
|
(139)
|
(65)
|
|
(110)
|
(55)
|
(136)
|
(95)
|
|
(11)
|
Credit impairment (charges)/releases
|
(5)
|
(30)
|
(25)
|
|
(4)
|
(8)
|
(3)
|
(12)
|
|
7
|
Net operating expenses
|
(132)
|
(169)
|
(90)
|
|
(114)
|
(63)
|
(139)
|
(107)
|
|
(4)
|
Operating costs
|
(69)
|
(106)
|
(11)
|
|
(45)
|
(59)
|
(44)
|
(52)
|
|
(69)
|
UK bank levy
|
-
|
-
|
-
|
|
(11)
|
-
|
-
|
-
|
|
(13)
|
Operating expenses
|
(69)
|
(106)
|
(11)
|
|
(56)
|
(59)
|
(44)
|
(52)
|
|
(82)
|
GMP charge
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
(140)
|
Litigation and conduct
|
(23)
|
(3)
|
(5)
|
|
(23)
|
(88)
|
(1)
|
(39)
|
|
(12)
|
Total operating expenses
|
(92)
|
(109)
|
(16)
|
|
(79)
|
(147)
|
(45)
|
(91)
|
|
(234)
|
Other net income/(expenses)
|
10
|
(43)
|
2
|
|
3
|
6
|
15
|
(22)
|
|
7
|
Loss before tax
|
(214)
|
(321)
|
(104)
|
|
(190)
|
(204)
|
(169)
|
(220)
|
|
(231)
|
Attributable loss
|
(284)
|
(255)
|
(99)
|
|
(154)
|
(184)
|
(126)
|
(172)
|
|
(234)
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Total assets
|
19.3
|
21.7
|
23.6
|
|
21.0
|
22.9
|
22.4
|
21.4
|
|
21.5
|
Risk weighted assets
|
9.8
|
9.9
|
10.0
|
|
11.0
|
13.4
|
28.1
|
27.0
|
|
26.0
|
Period end allocated tangible equity
|
7.1
|
7.4
|
6.0
|
|
5.6
|
5.5
|
7.0
|
4.5
|
|
4.9
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
Average allocated tangible equity (£bn)
|
7.6
|
6.4
|
5.6
|
|
5.2
|
5.8
|
4.8
|
4.3
|
|
2.9
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Loss before tax
|
(191)
|
(318)
|
(99)
|
|
(167)
|
(116)
|
(168)
|
(181)
|
|
(219)
|
Attributable loss
|
(265)
|
(252)
|
(103)
|
|
(139)
|
(118)
|
(124)
|
(144)
|
|
(218)
|
1
|
Refer to pages 40 to 49 for further information and calculations of
performance measures excluding litigation and conduct.
|
Margins and balances
|
|
|
|
|
|
|
|
Nine months ended 30.09.20
|
Nine months ended 30.09.19
|
||||
|
Net interest income
|
Average customer assets
|
Net interest margin
|
Net interest income
|
Average customer assets
|
Net interest margin
|
|
£m
|
£m
|
%
|
£m
|
£m
|
%
|
Barclays UK
|
3,917
|
199,048
|
2.63
|
4,410
|
189,994
|
3.10
|
Barclays International1
|
2,686
|
96,799
|
3.71
|
2,985
|
99,862
|
4.00
|
Total Barclays UK and Barclays International
|
6,603
|
295,847
|
2.98
|
7,395
|
289,856
|
3.41
|
Other2
|
(325)
|
|
|
(332)
|
|
|
Total Barclays Group
|
6,278
|
|
|
7,063
|
|
|
1
|
Barclays International margins include interest earning lending
balances within the investment banking business.
|
2
|
Other includes Head Office and non-lending related investment
banking businesses not included in Barclays International
margins.
|
Quarterly analysis for Barclays UK and Barclays
International
|
Net interest income
|
Average customer assets
|
Net interest margin
|
Three months ended 30.09.20
|
£m
|
£m
|
%
|
Barclays UK
|
1,280
|
203,089
|
2.51
|
Barclays International1
|
838
|
88,032
|
3.79
|
Total Barclays UK and Barclays International
|
2,118
|
291,121
|
2.89
|
|
|
|
|
Three months ended 30.06.20
|
|
|
|
Barclays UK
|
1,225
|
199,039
|
2.48
|
Barclays International1
|
868
|
101,706
|
3.43
|
Total Barclays UK and Barclays International
|
2,093
|
300,745
|
2.80
|
|
|
|
|
Three months ended 31.03.20
|
|
|
|
Barclays UK
|
1,412
|
195,204
|
2.91
|
Barclays International1
|
980
|
100,171
|
3.93
|
Total Barclays UK and Barclays International
|
2,392
|
295,375
|
3.26
|
|
|
|
|
Three months ended 31.12.19
|
|
|
|
Barclays UK
|
1,478
|
193,610
|
3.03
|
Barclays International1
|
1,036
|
95,819
|
4.29
|
Total Barclays UK and Barclays International
|
2,514
|
289,429
|
3.45
|
|
|
|
|
Three months ended 30.09.19
|
|
|
|
Barclays UK
|
1,503
|
192,262
|
3.10
|
Barclays International1
|
1,038
|
100,589
|
4.10
|
Total Barclays UK and Barclays International
|
2,541
|
292,851
|
3.44
|
1
|
Barclays International margins include interest earning lending
balances within the investment banking business.
|
|
Gross exposure
|
|
Impairment allowance
|
Net
exposure
|
||||||
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
As at 30.09.20
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
Barclays UK
|
149,393
|
25,846
|
2,704
|
177,943
|
|
329
|
1,563
|
1,150
|
3,042
|
174,901
|
Barclays International
|
16,866
|
5,366
|
1,691
|
23,923
|
|
412
|
1,296
|
1,275
|
2,983
|
20,940
|
Head Office
|
4,519
|
668
|
871
|
6,058
|
|
8
|
53
|
352
|
413
|
5,645
|
Total Barclays Group retail
|
170,778
|
31,880
|
5,266
|
207,924
|
|
749
|
2,912
|
2,777
|
6,438
|
201,486
|
Barclays UK
|
30,540
|
3,887
|
1,138
|
35,565
|
|
58
|
98
|
143
|
299
|
35,266
|
Barclays International
|
74,789
|
31,775
|
2,422
|
108,986
|
|
129
|
793
|
1,002
|
1,924
|
107,062
|
Head Office
|
595
|
-
|
34
|
629
|
|
-
|
-
|
33
|
33
|
596
|
Total Barclays Group
wholesale1
|
105,924
|
35,662
|
3,594
|
145,180
|
|
187
|
891
|
1,178
|
2,256
|
142,924
|
Total loans and advances at amortised cost
|
276,702
|
67,542
|
8,860
|
353,104
|
|
936
|
3,803
|
3,955
|
8,694
|
344,410
|
Off-balance sheet loan commitments and financial guarantee
contracts2
|
282,551
|
65,407
|
1,500
|
349,458
|
|
138
|
751
|
46
|
935
|
348,523
|
Total3
|
559,253
|
132,949
|
10,360
|
702,562
|
|
1,074
|
4,554
|
4,001
|
9,629
|
692,933
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 30.09.20
|
|
Period ended 30.09.20
|
|
||||||
|
Coverage ratio
|
|
Loan impairment charge and loan loss
rate4
|
|
||||||
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
Loan impairment charge
|
Loan loss rate
|
|
||
|
%
|
%
|
%
|
%
|
|
£m
|
bps
|
|
||
Barclays UK
|
0.2
|
6.0
|
42.5
|
1.7
|
|
|
966
|
|
73
|
|
Barclays International
|
2.4
|
24.2
|
75.4
|
12.5
|
|
|
1,423
|
|
795
|
|
Head Office
|
0.2
|
7.9
|
40.4
|
6.8
|
|
|
60
|
|
132
|
|
Total Barclays Group retail
|
0.4
|
9.1
|
52.7
|
3.1
|
|
|
2,449
|
|
157
|
|
Barclays UK
|
0.2
|
2.5
|
12.6
|
0.8
|
|
|
174
|
|
65
|
|
Barclays International
|
0.2
|
2.5
|
41.4
|
1.8
|
|
|
954
|
|
117
|
|
Head Office
|
-
|
-
|
97.1
|
5.2
|
|
|
-
|
|
-
|
|
Total Barclays Group
wholesale1
|
0.2
|
2.5
|
32.8
|
1.6
|
|
|
1,128
|
|
104
|
|
Total loans and advances at amortised cost
|
0.3
|
5.6
|
44.6
|
2.5
|
|
|
3,577
|
|
135
|
|
Off-balance sheet loan commitments and financial guarantee
contracts2
|
-
|
1.1
|
3.1
|
0.3
|
|
|
627
|
|
|
|
Other financial assets subject to impairment3
|
|
|
|
|
|
|
142
|
|
|
|
Total4
|
0.2
|
3.4
|
38.6
|
1.4
|
|
|
4,346
|
|
|
|
1
|
Includes Wealth and Private Banking exposures measured on an
individual basis, and excludes Business Banking exposures that are
managed on a collective basis. The net impact is a difference in
total exposure of £701m of balances reported as wholesale
loans on page 25 in the Loans and advances at amortised cost by
product disclosure.
|
2
|
Excludes loan commitments and financial guarantees of £8.6bn
carried at fair value.
|
3
|
Other financial assets subject to impairment not included in the
table above include cash collateral and settlement balances,
financial assets at fair value through other comprehensive income
and other assets. These have a total gross exposure of
£197.8bn and impairment allowance of £161m. This
comprises £13m ECL on £192.1bn stage 1 assets, £38m
on £5.6bn stage 2 fair value through other comprehensive
income assets, other assets, cash collateral and settlement
balances and £110m on £112m stage 3 other
assets.
|
4
|
Q320 YTD loan impairment charge represents nine months of
impairment charge, annualised to calculate the loan loss rate. The
loan loss rate for Q320 YTD is 164bps after applying the total
impairment charge of £4,346m.
|
|
Gross exposure
|
|
Impairment allowance
|
Net
exposure
|
||||||
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
As at 31.12.19
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
Barclays UK
|
143,097
|
23,198
|
2,446
|
168,741
|
|
198
|
1,277
|
974
|
2,449
|
166,292
|
Barclays International
|
27,886
|
4,026
|
1,875
|
33,787
|
|
352
|
774
|
1,359
|
2,485
|
31,302
|
Head Office
|
4,803
|
500
|
826
|
6,129
|
|
5
|
36
|
305
|
346
|
5,783
|
Total Barclays Group retail
|
175,786
|
27,724
|
5,147
|
208,657
|
|
555
|
2,087
|
2,638
|
5,280
|
203,377
|
Barclays UK
|
27,891
|
2,397
|
1,124
|
31,412
|
|
16
|
38
|
108
|
162
|
31,250
|
Barclays International
|
92,615
|
8,113
|
1,615
|
102,343
|
|
136
|
248
|
447
|
831
|
101,512
|
Head Office
|
2,974
|
-
|
37
|
3,011
|
|
-
|
-
|
35
|
35
|
2,976
|
Total Barclays Group
wholesale1
|
123,480
|
10,510
|
2,776
|
136,766
|
|
152
|
286
|
590
|
1,028
|
135,738
|
Total loans and advances at amortised cost
|
299,266
|
38,234
|
7,923
|
345,423
|
|
707
|
2,373
|
3,228
|
6,308
|
339,115
|
Off-balance sheet loan commitments and financial guarantee
contracts2
|
321,140
|
19,185
|
935
|
341,260
|
|
97
|
170
|
55
|
322
|
340,938
|
Total3
|
620,406
|
57,419
|
8,858
|
686,683
|
|
804
|
2,543
|
3,283
|
6,630
|
680,053
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 31.12.19
|
|
Year ended 31.12.19
|
|
||||||
|
Coverage ratio
|
|
Loan impairment charge and loan loss
rate4
|
|
||||||
|
Stage 1
|
Stage 2
|
Stage 3
|
Total
|
|
Loan impairment
charge
|
Loan loss rate
|
|
||
|
%
|
%
|
%
|
%
|
|
£m
|
|
bps
|
|
|
Barclays UK
|
0.1
|
5.5
|
39.8
|
1.5
|
|
|
661
|
|
39
|
|
Barclays International
|
1.3
|
19.2
|
72.5
|
7.4
|
|
|
999
|
|
296
|
|
Head Office
|
0.1
|
7.2
|
36.9
|
5.6
|
|
|
27
|
|
44
|
|
Total Barclays Group retail
|
0.3
|
7.5
|
51.3
|
2.5
|
|
|
1,687
|
|
81
|
|
Barclays UK
|
0.1
|
1.6
|
9.6
|
0.5
|
|
|
33
|
|
11
|
|
Barclays International
|
0.1
|
3.1
|
27.7
|
0.8
|
|
|
113
|
|
11
|
|
Head Office
|
-
|
-
|
94.6
|
1.2
|
|
|
-
|
|
-
|
|
Total Barclays Group
wholesale1
|
0.1
|
2.7
|
21.3
|
0.8
|
|
|
146
|
|
11
|
|
Total loans and advances at amortised cost
|
0.2
|
6.2
|
40.7
|
1.8
|
|
|
1,833
|
|
53
|
|
Off-balance sheet loan commitments and financial guarantee
contracts2
|
-
|
0.9
|
5.9
|
0.1
|
|
|
71
|
|
|
|
Other financial assets subject to impairment3
|
|
|
|
|
|
|
8
|
|
|
|
Total4
|
0.1
|
4.4
|
37.1
|
1.0
|
|
|
1,912
|
|
|
|
1
|
Includes Wealth and Private Banking
exposures measured on an individual basis, and excludes Business
Banking exposures that are managed on a collective basis. The net
impact is a difference in total exposure of
£6,434m of balances
reported as wholesale loans on page 25 in the Loans and advances at
amortised cost by product disclosure.
|
2
|
Excludes loan commitments and
financial guarantees of £17.7bn carried at fair value.
|
3
|
Other financial assets subject to impairment not included in the
table above include cash collateral and settlement balances,
financial assets at fair value through other comprehensive income
and other assets. These have a total gross exposure of
£149.3bn and impairment allowance of £24m. This comprises
£12m ECL on £148.5bn stage 1 assets, £2m on
£0.8bn stage 2 fair value through other comprehensive income
assets, cash collateral and settlement balances and £10m on
£10m stage 3 other assets.
|
4
|
The loan loss rate is 55bps after applying the total impairment
charge of £1,912m.
|
|
|
Stage 2
|
|
|
|||
As at 30.09.20
|
Stage 1
|
Not past due
|
<=30 days past due
|
>30 days past due
|
Total
|
Stage 3
|
Total
|
Gross exposure
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Home loans
|
135,995
|
17,262
|
1,843
|
969
|
20,074
|
2,234
|
158,303
|
Credit cards, unsecured loans and other retail lending
|
33,815
|
11,005
|
483
|
273
|
11,761
|
3,344
|
48,920
|
Wholesale loans
|
106,892
|
31,887
|
3,275
|
545
|
35,707
|
3,282
|
145,881
|
Total
|
276,702
|
60,154
|
5,601
|
1,787
|
67,542
|
8,860
|
353,104
|
|
|
|
|
|
|
|
|
Impairment allowance
|
|
|
|
|
|
|
|
Home loans
|
20
|
62
|
11
|
12
|
85
|
392
|
497
|
Credit cards, unsecured loans and other retail lending
|
754
|
2,461
|
164
|
173
|
2,798
|
2,423
|
5,975
|
Wholesale loans
|
162
|
821
|
92
|
7
|
920
|
1,140
|
2,222
|
Total
|
936
|
3,344
|
267
|
192
|
3,803
|
3,955
|
8,694
|
|
|
|
|
|
|
|
|
Net exposure
|
|
|
|
|
|
|
|
Home loans
|
135,975
|
17,200
|
1,832
|
957
|
19,989
|
1,842
|
157,806
|
Credit cards, unsecured loans and other retail lending
|
33,061
|
8,544
|
319
|
100
|
8,963
|
921
|
42,945
|
Wholesale loans
|
106,730
|
31,066
|
3,183
|
538
|
34,787
|
2,142
|
143,659
|
Total
|
275,766
|
56,810
|
5,334
|
1,595
|
63,739
|
4,905
|
344,410
|
|
|
|
|
|
|
|
|
Coverage ratio
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
Home loans
|
-
|
0.4
|
0.6
|
1.2
|
0.4
|
17.5
|
0.3
|
Credit cards, unsecured loans and other retail lending
|
2.2
|
22.4
|
34.0
|
63.4
|
23.8
|
72.5
|
12.2
|
Wholesale loans
|
0.2
|
2.6
|
2.8
|
1.3
|
2.6
|
34.7
|
1.5
|
Total
|
0.3
|
5.6
|
4.8
|
10.7
|
5.6
|
44.6
|
2.5
|
|
|
|
|
|
|
|
|
As at 31.12.19
|
|
|
|
|
|
|
|
Gross exposure
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Home loans
|
135,713
|
14,733
|
1,585
|
725
|
17,043
|
2,155
|
154,911
|
Credit cards, unsecured loans and other retail lending
|
46,012
|
9,759
|
496
|
504
|
10,759
|
3,409
|
60,180
|
Wholesale loans
|
117,541
|
9,374
|
374
|
684
|
10,432
|
2,359
|
130,332
|
Total
|
299,266
|
33,866
|
2,455
|
1,913
|
38,234
|
7,923
|
345,423
|
|
|
|
|
|
|
|
|
Impairment allowance
|
|
|
|
|
|
|
|
Home loans
|
22
|
37
|
14
|
13
|
64
|
346
|
432
|
Credit cards, unsecured loans and other retail lending
|
542
|
1,597
|
159
|
251
|
2,007
|
2,335
|
4,884
|
Wholesale loans
|
143
|
284
|
9
|
9
|
302
|
547
|
992
|
Total
|
707
|
1,918
|
182
|
273
|
2,373
|
3,228
|
6,308
|
|
|
|
|
|
|
|
|
Net exposure
|
|
|
|
|
|
|
|
Home loans
|
135,691
|
14,696
|
1,571
|
712
|
16,979
|
1,809
|
154,479
|
Credit cards, unsecured loans and other retail lending
|
45,470
|
8,162
|
337
|
253
|
8,752
|
1,074
|
55,296
|
Wholesale loans
|
117,398
|
9,090
|
365
|
675
|
10,130
|
1,812
|
129,340
|
Total
|
298,559
|
31,948
|
2,273
|
1,640
|
35,861
|
4,695
|
339,115
|
|
|
|
|
|
|
|
|
Coverage ratio
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
Home loans
|
-
|
0.3
|
0.9
|
1.8
|
0.4
|
16.1
|
0.3
|
Credit cards, unsecured loans and other retail lending
|
1.2
|
16.4
|
32.1
|
49.8
|
18.7
|
68.5
|
8.1
|
Wholesale loans
|
0.1
|
3.0
|
2.4
|
1.3
|
2.9
|
23.2
|
0.8
|
Total
|
0.2
|
5.7
|
7.4
|
14.3
|
6.2
|
40.7
|
1.8
|
Baseline average macroeconomic variables used in the calculation of
ECL
|
||||
|
2020
|
2021
|
2022
|
Expected
Worst Point
|
As at 30.09.20
|
%
|
%
|
%
|
%
|
UK GDP1
|
(10.3)
|
6.2
|
3.3
|
(59.8)
|
UK unemployment2
|
5.5
|
6.9
|
6.2
|
8.1
|
UK HPI3
|
0.4
|
1.5
|
1.4
|
(0.9)
|
UK bank rate
|
0.2
|
(0.1)
|
(0.1)
|
(0.1)
|
US GDP1
|
(4.4)
|
3.8
|
3.0
|
(32.9)
|
US unemployment4
|
8.4
|
6.9
|
5.6
|
13.0
|
US HPI5
|
1.8
|
1.8
|
2.9
|
0.7
|
US federal funds rate
|
0.5
|
0.3
|
0.3
|
0.1
|
|
|
|
|
|
As at 30.06.20
|
|
|
|
|
UK GDP1
|
(8.7)
|
6.1
|
2.9
|
(51.4)
|
UK unemployment2
|
6.6
|
6.5
|
4.4
|
8.0
|
UK HPI3
|
0.6
|
2.0
|
-
|
(1.5)
|
UK bank rate
|
0.2
|
0.1
|
0.1
|
0.1
|
US GDP1
|
(4.2)
|
4.4
|
(0.3)
|
(30.4)
|
US unemployment4
|
9.3
|
7.6
|
5.5
|
13.4
|
US HPI5
|
1.1
|
1.8
|
(0.8)
|
(1.9)
|
US federal funds rate
|
0.5
|
0.3
|
0.3
|
0.3
|
1
|
Average Real GDP seasonally adjusted change in year; expected worst
point is the minimum seasonally adjusted quarterly annualised
rate.
|
2
|
Average UK unemployment rate 16-year+.
|
3
|
Change in average yearly UK HPI = Halifax All Houses, All Buyers
index, relative to prior year end; worst point is based on
cumulative drawdown in year relative to prior year
end.
|
4
|
Average US civilian unemployment rate 16-year+.
|
5
|
Change in average yearly US HPI = FHFA house price index, relative
to prior year end; worst point is based on cumulative drawdown in
year relative to prior year end.
|
Scenario probability weighting
|
|
|
|
|
|
|
Upside 2
|
Upside 1
|
Baseline
|
Downside 1
|
Downside 2
|
|
%
|
%
|
%
|
%
|
%
|
As at 30.09.20
|
|
|
|
|
|
Scenario probability weighting
|
20.1
|
21.6
|
23.5
|
19.2
|
15.6
|
As at 30.06.20
|
|
|
|
|
|
Scenario probability weighting
|
20.3
|
22.4
|
25.4
|
17.5
|
14.4
|
As at 31.12.19
|
|
|
|
|
|
Scenario probability weighting
|
10.1
|
23.1
|
40.8
|
22.7
|
3.3
|
Composition of the Group liquidity pool
|
|||||
|
As at 30.09.20
|
As at
31.12.19
|
|||
|
Liquidity
pool
|
Liquidity pool of which CRR LCR
eligible3
|
Liquidity
pool
|
||
|
Cash
|
Level 1
|
Level 2A
|
||
|
£bn
|
£bn
|
£bn
|
£bn
|
£bn
|
Cash and deposits with central
banks1
|
248
|
243
|
-
|
-
|
153
|
|
|
|
|
|
|
Government bonds2
|
|
|
|
|
|
AAA to AA-
|
32
|
-
|
31
|
1
|
31
|
A+ to A-
|
18
|
-
|
11
|
7
|
2
|
BBB+ to BBB-
|
2
|
-
|
2
|
-
|
3
|
Total government bonds
|
52
|
-
|
44
|
8
|
36
|
|
|
|
|
|
|
Other
|
|
|
|
|
|
Government guaranteed issuers, PSEs and GSEs
|
10
|
-
|
8
|
1
|
9
|
International organisations and MDBs
|
8
|
-
|
8
|
-
|
7
|
Covered bonds
|
8
|
-
|
6
|
2
|
6
|
Other
|
1
|
-
|
-
|
-
|
-
|
Total other
|
27
|
-
|
22
|
3
|
22
|
|
|
|
|
|
|
Total as at 30 September 2020
|
327
|
243
|
66
|
11
|
211
|
Total as at 31 December 2019
|
211
|
150
|
50
|
3
|
|
1
|
Includes cash held at central banks and surplus cash at central
banks related to payment schemes. Over 99% (December 2019: over
98%) was placed with the Bank of England, US Federal Reserve,
European Central Bank, Bank of Japan and Swiss National
Bank.
|
2
|
Of which over 77% (December 2019: over 67%) comprised UK, US,
French, German, Japanese, Swiss and Dutch securities.
|
3
|
The LCR eligible liquidity pool is adjusted for trapped liquidity
and other regulatory deductions. It also incorporates other CRR (as
amended by CRR II) qualifying assets that are not eligible under
Barclays’ internal risk appetite.
|
Capital
ratios1,2,3
|
As at
|
As at
|
As at
|
30.09.20
|
30.06.20
|
31.12.19
|
|
CET1
|
14.6%
|
14.2%
|
13.8%
|
Tier 1 (T1)
|
18.7%
|
17.8%
|
17.7%
|
Total regulatory capital
|
22.5%
|
21.7%
|
21.6%
|
|
|
|
|
Capital resources
|
£m
|
£m
|
£m
|
Total equity excluding non-controlling interests per the balance
sheet
|
67,816
|
68,304
|
64,429
|
Less: other equity instruments (recognised as AT1
capital)
|
(12,012)
|
(10,871)
|
(10,871)
|
Adjustment to retained earnings for foreseeable
dividends
|
(65)
|
(44)
|
(1,096)
|
|
|
|
|
Other regulatory adjustments and deductions
|
|
|
|
Additional value adjustments (PVA)
|
(1,241)
|
(1,517)
|
(1,746)
|
Goodwill and intangible assets
|
(8,154)
|
(8,154)
|
(8,109)
|
Deferred tax assets that rely on future profitability excluding
temporary differences
|
(422)
|
(444)
|
(479)
|
Fair value reserves related to gains or losses on cash flow
hedges
|
(1,745)
|
(1,914)
|
(1,002)
|
Gains or losses on liabilities at fair value resulting from own
credit
|
717
|
(233)
|
260
|
Defined benefit pension fund assets
|
(1,785)
|
(2,094)
|
(1,594)
|
Direct and indirect holdings by an institution of own CET1
instruments
|
(50)
|
(50)
|
(50)
|
Adjustment under IFRS 9 transitional arrangements
|
2,512
|
2,459
|
1,126
|
Other regulatory adjustments
|
(62)
|
(62)
|
(55)
|
CET1 capital
|
45,509
|
45,380
|
40,813
|
|
|
|
|
AT1 capital
|
|
|
|
Capital instruments and related share premium accounts
|
12,012
|
10,871
|
10,871
|
Qualifying AT1 capital (including minority interests) issued by
subsidiaries
|
622
|
691
|
687
|
Other regulatory adjustments and deductions
|
(80)
|
(80)
|
(130)
|
AT1 capital
|
12,554
|
11,482
|
11,428
|
|
|
|
|
T1 capital
|
58,063
|
56,862
|
52,241
|
|
|
|
|
T2 capital
|
|
|
|
Capital instruments and related share premium accounts
|
9,451
|
9,028
|
7,650
|
Qualifying T2 capital (including minority interests) issued by
subsidiaries
|
2,516
|
3,396
|
3,984
|
Credit risk adjustments (excess of impairment over expected
losses)
|
36
|
36
|
16
|
Other regulatory adjustments and deductions
|
(160)
|
(160)
|
(250)
|
Total regulatory capital
|
69,906
|
69,162
|
63,641
|
|
|
|
|
Total RWAs
|
310,727
|
318,987
|
295,131
|
1
|
CET1, T1 and T2 capital, and RWAs are calculated applying the
transitional arrangements of the CRR as amended by CRR II
applicable as at the reporting date. This includes IFRS 9
transitional arrangements and the grandfathering of CRR and CRR II
non-compliant capital instruments.
|
2
|
The fully loaded CET1 ratio, as is relevant for assessing against
the conversion trigger in Barclays PLC AT1 securities, was 13.9%,
with £43.0bn of CET1 capital and £309.8bn of RWAs
calculated without applying the transitional arrangements of the
CRR as amended by CRR II applicable as at the reporting
date.
|
3
|
The Barclays PLC CET1 ratio, as is relevant for assessing against
the conversion trigger in Barclays Bank PLC T2 Contingent Capital
Notes, was 14.6%. For this calculation CET1 capital and RWAs are
calculated applying the transitional arrangements under the CRR,
including the IFRS 9 transitional arrangements. The benefit of the
Financial Services Authority (FSA) October 2012 interpretation of
the transitional provisions, relating to the implementation of CRD
IV, expired in December 2017.
|
Movement in CET1 capital
|
Three months
|
Nine months
|
ended
|
ended
|
|
30.09.20
|
30.09.20
|
|
£m
|
£m
|
|
Opening CET1 capital
|
45,380
|
40,813
|
|
|
|
Profit for the period attributable to equity holders
|
815
|
1,937
|
Own credit relating to derivative liabilities
|
16
|
19
|
Dividends paid and foreseen
|
(225)
|
400
|
Increase in retained regulatory capital generated from
earnings
|
606
|
2,356
|
|
|
|
Net impact of share schemes
|
(268)
|
20
|
Fair value through other comprehensive income reserve
|
173
|
(205)
|
Currency translation reserve
|
(716)
|
504
|
Other reserves
|
(3)
|
(6)
|
(Decrease) / increase in other qualifying reserves
|
(814)
|
313
|
|
|
|
Pension remeasurements within reserves
|
(323)
|
322
|
Defined benefit pension fund asset deduction
|
309
|
(191)
|
Net impact of pensions
|
(14)
|
131
|
|
|
|
Additional value adjustments (PVA)
|
276
|
505
|
Goodwill and intangible assets
|
-
|
(45)
|
Deferred tax assets that rely on future profitability excluding
those arising from temporary differences
|
22
|
57
|
Adjustment under IFRS 9 transitional arrangements
|
53
|
1,386
|
Other regulatory adjustments
|
-
|
(7)
|
Increase in regulatory capital due to adjustments and
deductions
|
351
|
1,896
|
|
|
|
Closing CET1 capital
|
45,509
|
45,509
|
|
|
|
●
|
A
£0.5bn increase in the currency translation reserve mainly
driven by the appreciation of period end USD and EUR against
GBP
|
●
|
A
£0.5bn increase due to a reduction in PVA which includes the
temporary increase to diversification factors applied to certain
additional valuation adjustments
|
●
|
A
£1.4bn increase in the IFRS 9 transitional relief after tax,
following new impairment charges and the implementation of new
regulatory measures which allow for 100% relief on increases in
stage 1 and stage 2 impairment throughout 2020 and
2021
|
RWAs by risk type and business
|
|||||||||||||
|
Credit risk
|
|
Counterparty credit risk
|
|
Market risk
|
|
Operational
risk
|
Total
RWAs
|
|||||
|
Std
|
IRB
|
|
Std
|
IRB
|
Settlement risk
|
CVA
|
|
Std
|
IMA
|
|
|
|
As at 30.09.20
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
|
£m
|
£m
|
Barclays UK
|
7,350
|
56,373
|
|
369
|
-
|
-
|
100
|
|
125
|
-
|
|
11,851
|
76,168
|
Corporate
and Investment Bank
|
24,800
|
76,464
|
|
11,628
|
20,645
|
106
|
2,545
|
|
13,043
|
22,709
|
|
21,388
|
193,328
|
Consumer,
Cards and Payments
|
20,597
|
2,921
|
|
168
|
47
|
-
|
35
|
|
-
|
75
|
|
7,538
|
31,381
|
Barclays International
|
45,397
|
79,385
|
|
11,796
|
20,692
|
106
|
2,580
|
|
13,043
|
22,784
|
|
28,926
|
224,709
|
Head Office
|
3,701
|
6,022
|
|
-
|
-
|
-
|
-
|
|
-
|
-
|
|
127
|
9,850
|
Barclays Group
|
56,448
|
141,780
|
|
12,165
|
20,692
|
106
|
2,680
|
|
13,168
|
22,784
|
|
40,904
|
310,727
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 30.06.20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Barclays UK
|
7,428
|
58,048
|
|
359
|
-
|
-
|
48
|
|
122
|
-
|
|
11,851
|
77,856
|
Corporate
and Investment Bank
|
27,032
|
77,983
|
|
11,879
|
20,472
|
218
|
3,871
|
|
12,830
|
22,638
|
|
21,387
|
198,310
|
Consumer,
Cards and Payments
|
21,901
|
3,168
|
|
157
|
46
|
-
|
27
|
|
-
|
95
|
|
7,539
|
32,933
|
Barclays International
|
48,933
|
81,151
|
|
12,036
|
20,518
|
218
|
3,898
|
|
12,830
|
22,733
|
|
28,926
|
231,243
|
Head Office
|
3,578
|
6,183
|
|
-
|
-
|
-
|
-
|
|
-
|
-
|
|
127
|
9,888
|
Barclays Group
|
59,939
|
145,382
|
|
12,395
|
20,518
|
218
|
3,946
|
|
12,952
|
22,733
|
|
40,904
|
318,987
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at 31.12.19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Barclays UK
|
5,189
|
57,455
|
|
235
|
-
|
-
|
23
|
|
178
|
-
|
|
11,821
|
74,901
|
Corporate
and Investment Bank
|
25,749
|
62,177
|
|
12,051
|
16,875
|
276
|
2,470
|
|
12,854
|
17,626
|
|
21,475
|
171,553
|
Consumer,
Cards and Payments
|
27,209
|
2,706
|
|
92
|
37
|
-
|
11
|
|
-
|
103
|
|
7,532
|
37,690
|
Barclays International
|
52,958
|
64,883
|
|
12,143
|
16,912
|
276
|
2,481
|
|
12,854
|
17,729
|
|
29,007
|
209,243
|
Head Office
|
5,104
|
5,754
|
|
-
|
-
|
-
|
-
|
|
-
|
-
|
|
129
|
10,987
|
Barclays Group
|
63,251
|
128,092
|
|
12,378
|
16,912
|
276
|
2,504
|
|
13,032
|
17,729
|
|
40,957
|
295,131
|
Movement analysis of RWAs
|
|||||
|
Credit risk
|
Counterparty credit risk
|
Market risk
|
Operational risk
|
Total RWAs
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
Opening RWAs (as at 31.12.19)
|
191,343
|
32,070
|
30,761
|
40,957
|
295,131
|
Book size
|
(4,793)
|
1,963
|
10,031
|
(53)
|
7,148
|
Acquisitions and disposals
|
(119)
|
-
|
-
|
-
|
(119)
|
Book quality
|
9,792
|
1,112
|
-
|
-
|
10,904
|
Model updates
|
1,933
|
(50)
|
-
|
-
|
1,883
|
Methodology and policy
|
(1,879)
|
548
|
(4,840)
|
-
|
(6,171)
|
Foreign exchange movements1
|
1,951
|
-
|
-
|
-
|
1,951
|
Total RWA movements
|
6,885
|
3,573
|
5,191
|
(53)
|
15,596
|
Closing RWAs (as at 30.09.20)
|
198,228
|
35,643
|
35,952
|
40,904
|
310,727
|
1
|
Foreign exchange movements do not include foreign exchange for
counterparty credit risk or market risk.
|
Credit risk RWAs increased £6.9bn mainly due to:
|
|
●
|
Book size decreased RWAs £4.8bn primarily due to a reduction
in lending activities, repayments and lower IEL
balances
|
●
|
Book quality increased RWAs £9.8bn mainly due to a reduction
in credit quality primarily within CIB
|
●
|
Model updates increased RWAs £1.9bn primarily due to modelled
risk weight recalibrations
|
●
|
Methodology and policy decreased RWAs £1.9bn primarily due the
application of revised SME discount factors following the early
adoption of specific CRR II measures
|
●
|
FX increased RWAs £2.0bn due to the appreciation of period end
USD against GBP
|
Counterparty credit risk RWAs increased £3.6bn mainly due
to:
|
|
●
|
Book size increased RWAs £2.0bn primarily due to an increase
in trading activities across SFTs and derivatives
|
●
|
Book quality increased RWAs £1.1bn primarily due to a
reduction in credit quality within CIB
|
Market risk RWAs increased £5.2bn mainly due to:
|
|
●
|
Book size increased RWAs £10.0bn primarily due to an increase
in trading activities and higher market volatility
|
●
|
Methodology and policy decreased RWAs £4.8bn primarily due to
the removal of a Risk Not In VaR (RNIV) and a reduction in pre
COVID-19 VaR back testing exceptions
|
Leverage
ratios1,2
|
As at
30.09.20
|
As at
30.06.20
|
As at
31.12.19
|
£m
|
£m
|
£m
|
|
Average UK leverage ratio
|
5.1%
|
4.7%
|
4.5%
|
Average T1 capital3
|
56,690
|
54,548
|
51,823
|
Average UK leverage exposure
|
1,111,052
|
1,148,720
|
1,142,819
|
|
|
|
|
UK leverage ratio
|
5.2%
|
5.2%
|
5.1%
|
|
|
|
|
CET1 capital
|
45,509
|
45,380
|
40,813
|
AT1 capital
|
11,932
|
10,791
|
10,741
|
T1 capital3
|
57,441
|
56,171
|
51,554
|
|
|
|
|
UK leverage exposure
|
1,095,097
|
1,071,138
|
1,007,721
|
|
|
|
|
UK leverage exposure
|
|
|
|
Accounting assets
|
|
|
|
Derivative financial instruments
|
296,551
|
307,258
|
229,236
|
Derivative cash collateral
|
67,034
|
77,063
|
56,589
|
Securities financing transactions (SFTs)
|
178,736
|
160,015
|
111,307
|
Loans and advances and other assets
|
879,348
|
840,781
|
743,097
|
Total IFRS assets
|
1,421,669
|
1,385,117
|
1,140,229
|
|
|
|
|
Regulatory consolidation adjustments
|
(1,943)
|
(1,982)
|
(1,170)
|
|
|
|
|
Derivatives adjustments
|
|
|
|
Derivatives netting
|
(269,441)
|
(279,151)
|
(207,756)
|
Adjustments to cash collateral
|
(58,298)
|
(67,718)
|
(48,464)
|
Net written credit protection
|
15,890
|
14,442
|
13,784
|
Potential future exposure (PFE) on derivatives
|
122,426
|
123,468
|
119,118
|
Total derivatives adjustments
|
(189,423)
|
(208,959)
|
(123,318)
|
|
|
|
|
SFTs adjustments
|
20,274
|
21,226
|
18,339
|
|
|
|
|
Regulatory deductions and other adjustments
|
(18,011)
|
(18,297)
|
(11,984)
|
|
|
|
|
Weighted off-balance sheet commitments
|
110,749
|
108,436
|
105,289
|
|
|
|
|
Qualifying central bank claims
|
(205,451)
|
(173,033)
|
(119,664)
|
|
|
|
|
Settlement netting
|
(42,767)
|
(41,370)
|
-
|
|
|
|
|
UK leverage
exposure2
|
1,095,097
|
1,071,138
|
1,007,721
|
1
|
Fully loaded average UK leverage ratio was
4.9%, with £54.2bn of T1 capital and £1,109bn of leverage
exposure. Fully loaded UK leverage ratio was 5.0%, with
£54.9bn of T1 capital and £1,093bn of leverage
exposure. Fully loaded UK leverage ratios are calculated
without applying the transitional arrangements of the CRR as
amended by CRR II applicable as at the reporting
date.
|
2
|
Capital and leverage measures are calculated applying the
transitional arrangements of the CRR as amended by CRR II
applicable as at the reporting date.
|
3
|
T1 capital is calculated in line with the PRA
Handbook.
|
1
|
CRR leverage ratio as amended by CRR II applicable as at the
reporting date.
|
Own funds and
eligible liabilities ratios1
|
As at
30.09.20
|
As at
30.06.20
|
As at
31.12.19
|
CET1 capital
|
14.6%
|
14.2%
|
13.8%
|
AT1 capital instruments and related share premium
accounts2
|
3.8%
|
3.4%
|
3.6%
|
T2 capital instruments and related share premium
accounts2
|
3.0%
|
2.8%
|
2.5%
|
Eligible liabilities
|
11.3%
|
12.0%
|
11.2%
|
Total Barclays PLC (the Parent company) own funds and eligible
liabilities
|
32.8%
|
32.4%
|
31.2%
|
Qualifying AT1 capital (including minority interests) issued by
subsidiaries
|
0.2%
|
0.2%
|
0.2%
|
Qualifying T2 capital (including minority interests) issued by
subsidiaries
|
0.8%
|
1.1%
|
1.3%
|
Total own funds and eligible liabilities, including eligible
Barclays Bank PLC instruments
|
33.8%
|
33.7%
|
32.8%
|
|
|
|
|
Own funds and
eligible liabilities1
|
£m
|
£m
|
£m
|
CET1 capital
|
45,509
|
45,380
|
40,813
|
AT1 capital instruments and related share premium
accounts2
|
11,932
|
10,791
|
10,741
|
T2 capital instruments and related share premium
accounts2
|
9,327
|
8,904
|
7,416
|
Eligible liabilities
|
35,209
|
38,308
|
33,025
|
Total Barclays PLC (the Parent company) own funds and eligible
liabilities
|
101,977
|
103,383
|
91,995
|
Qualifying AT1 capital (including minority interests) issued by
subsidiaries
|
622
|
691
|
687
|
Qualifying T2 capital (including minority interests) issued by
subsidiaries
|
2,516
|
3,396
|
3,984
|
Total own funds and eligible liabilities, including eligible
Barclays Bank PLC instruments
|
105,115
|
107,470
|
96,666
|
|
|
|
|
Total RWAs1
|
310,727
|
318,987
|
295,131
|
1
|
CET1, T1 and T2 capital, and RWAs are calculated applying the
transitional arrangements of the CRR as amended by CRR II
applicable as at the reporting date. This includes IFRS 9
transitional arrangements and the grandfathering of CRR and CRR II
non-compliant capital instruments.
|
2
|
Includes other AT1 capital regulatory adjustments and deductions of
£80m (December 2019: £130m), and other T2 credit risk
adjustments and deductions of £124m (December 2019:
£234m).
|
Condensed consolidated income statement
|
|||
|
|
Nine months ended
|
Nine months ended
|
|
|
30.09.20
|
30.09.19
|
|
|
£m
|
£m
|
Total income
|
|
16,825
|
16,331
|
Credit impairment charges
|
|
(4,346)
|
(1,389)
|
Net operating income
|
|
12,479
|
14,942
|
Operating expenses excluding litigation and conduct
|
|
(9,954)
|
(10,051)
|
Litigation and conduct
|
|
(106)
|
(1,682)
|
Operating expenses
|
|
(10,060)
|
(11,733)
|
Other net income
|
|
-
|
51
|
Profit before tax
|
|
2,419
|
3,260
|
Tax charge
|
|
(441)
|
(814)
|
Profit after tax
|
|
1,978
|
2,446
|
|
|
|
|
Attributable to:
|
|
|
|
Equity holders of the parent
|
|
1,306
|
1,780
|
Other equity instrument holders
|
|
631
|
628
|
Total equity holders of the parent
|
|
1,937
|
2,408
|
Non-controlling interests
|
|
41
|
38
|
Profit after tax
|
|
1,978
|
2,446
|
|
|
|
|
Earnings per share
|
|
p
|
p
|
Basic earnings per ordinary share
|
|
7.6
|
10.4
|
Condensed consolidated balance sheet
|
|||
|
|
As at
|
As at
|
|
|
30.09.20
|
31.12.19
|
Assets
|
|
£m
|
£m
|
Cash and balances at central banks
|
|
240,973
|
150,258
|
Cash collateral and settlement balances
|
|
125,413
|
83,256
|
Loans and advances at amortised cost
|
|
344,410
|
339,115
|
Reverse repurchase agreements and other similar secured
lending
|
|
15,436
|
3,379
|
Trading portfolio assets
|
|
122,741
|
114,195
|
Financial assets at fair value through the income
statement
|
|
182,760
|
133,086
|
Derivative financial instruments
|
|
296,551
|
229,236
|
Financial assets at fair value through other comprehensive
income
|
|
71,289
|
65,750
|
Investments in associates and joint ventures
|
|
741
|
721
|
Goodwill and intangible assets
|
|
8,163
|
8,119
|
Current tax assets
|
|
630
|
412
|
Deferred tax assets
|
|
2,929
|
3,290
|
Other assets
|
|
9,633
|
9,412
|
Total assets
|
|
1,421,669
|
1,140,229
|
|
|
|
|
Liabilities
|
|
|
|
Deposits at amortised cost
|
|
494,593
|
415,787
|
Cash collateral and settlement balances
|
|
112,532
|
67,341
|
Repurchase agreements and other similar secured
borrowing
|
|
20,972
|
14,517
|
Debt securities in issue
|
|
98,688
|
76,369
|
Subordinated liabilities
|
|
20,259
|
18,156
|
Trading portfolio liabilities
|
|
51,075
|
36,916
|
Financial liabilities designated at fair value
|
|
249,322
|
204,326
|
Derivative financial instruments
|
|
293,446
|
229,204
|
Current tax liabilities
|
|
454
|
313
|
Deferred tax liabilities
|
|
-
|
23
|
Other liabilities
|
|
11,271
|
11,617
|
Total liabilities
|
|
1,352,612
|
1,074,569
|
|
|
|
|
Equity
|
|
|
|
Called up share capital and share premium
|
|
4,630
|
4,594
|
Other reserves
|
|
5,349
|
4,760
|
Retained earnings
|
|
45,825
|
44,204
|
Shareholders' equity attributable to ordinary shareholders of the
parent
|
|
55,804
|
53,558
|
Other equity instruments
|
|
12,012
|
10,871
|
Total equity excluding non-controlling interests
|
|
67,816
|
64,429
|
Non-controlling interests
|
|
1,241
|
1,231
|
Total equity
|
|
69,057
|
65,660
|
|
|
|
|
Total liabilities and equity
|
|
1,421,669
|
1,140,229
|
Condensed consolidated statement of changes in equity
|
|||||||
|
Called up share capital and share premium
|
Other equity instruments
|
Other reserves
|
Retained earnings
|
Total
|
Non-controlling interests
|
Total equity
|
Nine months ended 30.09.20
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Balance as at 1 January 2020
|
4,594
|
10,871
|
4,760
|
44,204
|
64,429
|
1,231
|
65,660
|
Profit after tax
|
-
|
631
|
-
|
1,306
|
1,937
|
41
|
1,978
|
Retirement benefit remeasurements
|
-
|
-
|
-
|
322
|
322
|
-
|
322
|
Other
|
-
|
-
|
604
|
(7)
|
597
|
-
|
597
|
Total comprehensive income for the period
|
-
|
631
|
604
|
1,621
|
2,856
|
41
|
2,897
|
Equity settled share schemes
|
36
|
-
|
-
|
338
|
374
|
-
|
374
|
Issue and exchange of other equity instruments
|
-
|
1,142
|
-
|
-
|
1,142
|
-
|
1,142
|
Other equity instruments coupons paid
|
-
|
(631)
|
-
|
-
|
(631)
|
-
|
(631)
|
Vesting of shares under employee share schemes
|
-
|
-
|
(15)
|
(339)
|
(354)
|
-
|
(354)
|
Dividends paid
|
-
|
-
|
-
|
-
|
-
|
(40)
|
(40)
|
Other movements
|
-
|
(1)
|
-
|
1
|
-
|
9
|
9
|
Balance as at 30 September 2020
|
4,630
|
12,012
|
5,349
|
45,825
|
67,816
|
1,241
|
69,057
|
|
|
|
|
|
|
|
|
Three months ended 30.09.20
|
|
|
|
|
|
|
|
Balance as at 1 July 2020
|
4,620
|
10,871
|
6,996
|
45,817
|
68,304
|
1,237
|
69,541
|
Profit after tax
|
-
|
204
|
-
|
611
|
815
|
4
|
819
|
Retirement benefit remeasurements
|
-
|
-
|
-
|
(323)
|
(323)
|
-
|
(323)
|
Other
|
-
|
-
|
(1,646)
|
(1)
|
(1,647)
|
-
|
(1,647)
|
Total comprehensive income for the period
|
-
|
204
|
(1,646)
|
287
|
(1,155)
|
4
|
(1,151)
|
Equity settled share schemes
|
10
|
-
|
-
|
(265)
|
(255)
|
-
|
(255)
|
Issue and exchange of other equity instruments
|
-
|
1,142
|
-
|
-
|
1,142
|
-
|
1,142
|
Other equity instruments coupons paid
|
-
|
(204)
|
-
|
-
|
(204)
|
-
|
(204)
|
Vesting of shares under employee share schemes
|
-
|
-
|
(1)
|
(12)
|
(13)
|
-
|
(13)
|
Dividends paid
|
-
|
-
|
-
|
-
|
-
|
(3)
|
(3)
|
Other movements
|
-
|
(1)
|
-
|
(2)
|
(3)
|
3
|
-
|
Balance as at 30 September 2020
|
4,630
|
12,012
|
5,349
|
45,825
|
67,816
|
1,241
|
69,057
|
|
As at
|
As at
|
|
30.09.20
|
31.12.19
|
Other reserves
|
£m
|
£m
|
Currency translation reserve
|
3,848
|
3,344
|
Fair value through other comprehensive income reserve
|
(392)
|
(187)
|
Cash flow hedging reserve
|
1,745
|
1,002
|
Own credit reserve
|
(811)
|
(373)
|
Other reserves and treasury shares
|
959
|
974
|
Total
|
5,349
|
4,760
|
Measure
|
Definition
|
Loan:
deposit ratio
|
Loans
and advances at amortised cost divided by deposits at amortised
cost.
|
Period
end allocated tangible equity
|
Allocated tangible
equity is calculated as 13.0% (2019: 13.0%) of RWAs for each
business, adjusted for capital deductions, excluding goodwill and
intangible assets, reflecting the assumptions the Group uses for
capital planning purposes. Head Office allocated tangible equity
represents the difference between the Group’s tangible
shareholders’ equity and the amounts allocated to
businesses.
|
Average
tangible shareholders’ equity
|
Calculated as the
average of the previous month’s period end tangible equity
and the current month’s period end tangible equity. The
average tangible shareholders’ equity for the period is the
average of the monthly averages within that period.
|
Average
allocated tangible equity
|
Calculated as the
average of the previous month’s period end allocated tangible
equity and the current month’s period end allocated tangible
equity. The average allocated tangible equity for the period is the
average of the monthly averages within that period.
|
Return
on average tangible shareholders’ equity
|
Annualised profit
after tax attributable to ordinary equity holders of the parent, as
a proportion of average shareholders’ equity excluding
non-controlling interests and other equity instruments adjusted for
the deduction of intangible assets and goodwill. The components of
the calculation have been included on page 41.
|
Return
on average allocated tangible equity
|
Annualised profit
after tax attributable to ordinary equity holders of the parent, as
a proportion of average allocated tangible equity. The components
of the calculation have been included on page 41.
|
Cost:
income ratio
|
Total
operating expenses divided by total income.
|
Loan
loss rate
|
Quoted
in basis points and represents total annualised impairment charges
divided by gross loans and advances held at amortised cost at the
balance sheet date. The components of the calculation have been
included on page 23.
|
Net
interest margin
|
Annualised net
interest income divided by the sum of average customer assets. The
components of the calculation have been included on page
22.
|
Tangible net asset
value per share
|
Calculated by
dividing shareholders’ equity, excluding non-controlling
interests and other equity instruments, less goodwill and
intangible assets, by the number of issued ordinary shares. The
components of the calculation have been included on page
49.
|
Performance
measures excluding litigation and conduct
|
Calculated by
excluding litigation and conduct charges from performance measures.
The components of the calculations have been included on pages 42
to 49.
|
Pre-provision
profits
|
Calculated by
excluding credit impairment charges from profit before tax. The
components of the calculation have been included on pages 42 to
44.
|
Pre-provision
profits excluding litigation and conduct
|
Calculated by
excluding credit impairment charges, and litigation and conduct
charges from profit before tax. The components of the calculation
have been included on pages 42 to 44.
|
|
Profit/(loss) attributable to ordinary equity holders of the
parent
|
|
Average tangible equity
|
|
Return on average tangible equity
|
Nine months ended 30.09.20
|
£m
|
|
£bn
|
|
%
|
Barclays UK
|
165
|
|
10.2
|
|
2.2
|
Corporate and Investment Bank
|
2,141
|
|
27.2
|
|
10.5
|
Consumer, Cards and Payments
|
(362)
|
|
4.6
|
|
(10.6)
|
Barclays International
|
1,779
|
|
31.8
|
|
7.5
|
Head Office
|
(638)
|
|
6.5
|
|
n/m
|
Barclays Group
|
1,306
|
|
48.5
|
|
3.6
|
|
|
|
|
|
|
Nine months ended 30.09.19
|
|
|
|
|
|
Barclays UK
|
(157)
|
|
10.4
|
|
(2.0)
|
Corporate and Investment Bank
|
1,787
|
|
25.9
|
|
9.2
|
Consumer, Cards and Payments
|
632
|
|
5.3
|
|
15.8
|
Barclays International
|
2,419
|
|
31.2
|
|
10.3
|
Head Office
|
(482)
|
|
5.0
|
|
n/m
|
Barclays Group
|
1,780
|
|
46.6
|
|
5.1
|
Performance measures excluding litigation and conduct
|
||||||
|
|
|
|
|
|
|
|
Nine months ended 30.09.20
|
|||||
|
Barclays UK
|
Corporate and Investment Bank
|
Consumer, Cards and Payments
|
Barclays International
|
Head Office
|
Barclays Group
|
Cost: income ratio
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Total operating expenses
|
(3,172)
|
(5,092)
|
(1,579)
|
(6,671)
|
(217)
|
(10,060)
|
Impact of litigation and conduct
|
36
|
6
|
33
|
39
|
31
|
106
|
Operating expenses
|
(3,136)
|
(5,086)
|
(1,546)
|
(6,632)
|
(186)
|
(9,954)
|
|
|
|
|
|
|
|
Total income
|
4,721
|
9,838
|
2,597
|
12,435
|
(331)
|
16,825
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
66%
|
52%
|
60%
|
53%
|
n/m
|
59%
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
Profit/(loss) before tax
|
264
|
3,243
|
(449)
|
2,794
|
(639)
|
2,419
|
Impact of litigation and conduct
|
36
|
6
|
33
|
39
|
31
|
106
|
Profit/(loss) before tax excluding litigation and
conduct
|
300
|
3,249
|
(416)
|
2,833
|
(608)
|
2,525
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
Attributable profit/(loss)
|
165
|
2,141
|
(362)
|
1,779
|
(638)
|
1,306
|
Post-tax impact of litigation and conduct
|
25
|
4
|
25
|
29
|
18
|
72
|
Profit/(loss) attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
190
|
2,145
|
(337)
|
1,808
|
(620)
|
1,378
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity
|
£bn
|
£bn
|
£bn
|
£bn
|
£bn
|
£bn
|
Average shareholders' equity
|
13.7
|
27.2
|
5.2
|
32.4
|
10.5
|
56.6
|
Average goodwill and intangibles
|
(3.5)
|
-
|
(0.6)
|
(0.6)
|
(4.0)
|
(8.1)
|
Average tangible shareholders' equity
|
10.2
|
27.2
|
4.6
|
31.8
|
6.5
|
48.5
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity excluding
litigation and conduct
|
2.5%
|
10.5%
|
(9.9%)
|
7.6%
|
n/m
|
3.8%
|
|
|
|
|
|
|
|
Basic earnings per ordinary share
|
|
|
|
|
|
|
Basic weighted average number of shares (m)
|
|
|
|
|
|
17,298
|
|
|
|
|
|
|
|
Basic earnings per ordinary share excluding litigation and
conduct
|
|
|
|
|
|
8.0p
|
|
|
|
|
|
|
|
Pre-provision profits
|
||||||
|
|
|
|
|
|
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
|
|
|
|
|
£m
|
Profit before tax
|
|
|
|
|
|
2,419
|
Impact of credit impairment charges
|
|
|
|
|
|
4,346
|
Profit before tax excluding credit impairment charges
|
|
|
|
|
|
6,765
|
Impact of litigation and conduct
|
|
|
|
|
|
106
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
|
|
|
|
|
6,871
|
|
Nine months ended 30.09.19
|
|||||
|
Barclays UK
|
Corporate and Investment Bank
|
Consumer, Cards and Payments
|
Barclays International
|
Head Office
|
Barclays Group
|
Cost: income ratio
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Total operating expenses
|
(4,497)
|
(5,221)
|
(1,732)
|
(6,953)
|
(283)
|
(11,733)
|
Impact of litigation and conduct
|
1,524
|
30
|
-
|
30
|
128
|
1,682
|
Operating expenses
|
(2,973)
|
(5,191)
|
(1,732)
|
(6,923)
|
(155)
|
(10,051)
|
|
|
|
|
|
|
|
Total income
|
5,394
|
7,917
|
3,306
|
11,223
|
(286)
|
16,331
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
55%
|
66%
|
52%
|
62%
|
n/m
|
62%
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
Profit/(loss) before tax
|
375
|
2,596
|
882
|
3,478
|
(593)
|
3,260
|
Impact of litigation and conduct
|
1,524
|
30
|
-
|
30
|
128
|
1,682
|
Profit/(loss) before tax excluding litigation and
conduct
|
1,899
|
2,626
|
882
|
3,508
|
(465)
|
4,942
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
Attributable (loss)/profit
|
(157)
|
1,787
|
632
|
2,419
|
(482)
|
1,780
|
Post-tax impact of litigation and conduct
|
1,489
|
26
|
-
|
26
|
96
|
1,611
|
Profit/(loss) attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
1,332
|
1,813
|
632
|
2,445
|
(386)
|
3,391
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity
|
£bn
|
£bn
|
£bn
|
£bn
|
£bn
|
£bn
|
Average shareholders' equity
|
13.9
|
25.9
|
6.4
|
32.3
|
8.4
|
54.6
|
Average goodwill and intangibles
|
(3.5)
|
-
|
(1.1)
|
(1.1)
|
(3.4)
|
(8.0)
|
Average tangible shareholders' equity
|
10.4
|
25.9
|
5.3
|
31.2
|
5.0
|
46.6
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity excluding
litigation and conduct
|
17.2%
|
9.3%
|
15.8%
|
10.4%
|
n/m
|
9.7%
|
|
|
|
|
|
|
|
Basic earnings per ordinary share
|
|
|
|
|
|
|
Basic weighted average number of shares (m)
|
|
|
|
|
|
17,192
|
|
|
|
|
|
|
|
Basic earnings per ordinary share excluding litigation and
conduct
|
|
|
|
|
|
19.7p
|
|
|
|
|
|
|
|
Pre-provision profits
|
||||||
|
|
|
|
|
|
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
|
|
|
|
|
£m
|
Profit before tax
|
|
|
|
|
|
3,260
|
Impact of credit impairment charges
|
|
|
|
|
|
1,389
|
Profit before tax excluding credit impairment charges
|
|
|
|
|
|
4,649
|
Impact of litigation and conduct
|
|
|
|
|
|
1,682
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
|
|
|
|
|
6,331
|
Barclays Group
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Cost: income ratio
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Total operating expenses
|
(3,467)
|
(3,330)
|
(3,263)
|
|
(3,701)
|
(4,861)
|
(3,554)
|
(3,318)
|
|
(4,093)
|
Impact of litigation and conduct
|
76
|
20
|
10
|
|
167
|
1,568
|
53
|
61
|
|
60
|
Operating expenses
|
(3,391)
|
(3,310)
|
(3,253)
|
|
(3,534)
|
(3,293)
|
(3,501)
|
(3,257)
|
|
(4,033)
|
|
|
|
|
|
|
|
|
|
|
|
Total income
|
5,204
|
5,338
|
6,283
|
|
5,301
|
5,541
|
5,538
|
5,252
|
|
5,073
|
|
|
|
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
65%
|
62%
|
52%
|
|
67%
|
59%
|
63%
|
62%
|
|
79%
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
1,147
|
359
|
913
|
|
1,097
|
246
|
1,531
|
1,483
|
|
374
|
Impact of litigation and conduct
|
76
|
20
|
10
|
|
167
|
1,568
|
53
|
61
|
|
60
|
Profit before tax excluding litigation and conduct
|
1,223
|
379
|
923
|
|
1,264
|
1,814
|
1,584
|
1,544
|
|
434
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable profit/(loss)
|
611
|
90
|
605
|
|
681
|
(292)
|
1,034
|
1,038
|
|
(14)
|
Post-tax impact of litigation and conduct
|
57
|
16
|
(1)
|
|
122
|
1,525
|
40
|
46
|
|
62
|
Profit attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
668
|
106
|
604
|
|
803
|
1,233
|
1,074
|
1,084
|
|
48
|
|
|
|
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Average shareholders' equity
|
56.4
|
58.4
|
55.2
|
|
54.5
|
56.4
|
54.0
|
53.2
|
|
52.2
|
Average goodwill and intangibles
|
(8.1)
|
(8.2)
|
(8.2)
|
|
(8.1)
|
(8.0)
|
(7.8)
|
(8.0)
|
|
(7.9)
|
Average tangible shareholders' equity
|
48.3
|
50.2
|
47.0
|
|
46.4
|
48.4
|
46.2
|
45.2
|
|
44.3
|
|
|
|
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity excluding
litigation and conduct
|
5.5%
|
0.8%
|
5.1%
|
|
6.9%
|
10.2%
|
9.3%
|
9.6%
|
|
0.4%
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per ordinary share
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average number of shares (m)
|
17,298
|
17,294
|
17,278
|
|
17,200
|
17,192
|
17,178
|
17,111
|
|
17,075
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per ordinary share excluding litigation and
conduct
|
3.9p
|
0.6p
|
3.5p
|
|
4.7p
|
7.2p
|
6.3p
|
6.3p
|
|
0.3p
|
|
|
|
|
|
|
|
|
|
|
|
Pre-provision profits
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
1,147
|
359
|
913
|
|
1,097
|
246
|
1,531
|
1,483
|
|
374
|
Impact of credit impairment charges
|
608
|
1,623
|
2,115
|
|
523
|
461
|
480
|
448
|
|
643
|
Profit before tax excluding credit impairment charges
|
1,755
|
1,982
|
3,028
|
|
1,620
|
707
|
2,011
|
1,931
|
|
1,017
|
Impact of litigation and conduct
|
76
|
20
|
10
|
|
167
|
1,568
|
53
|
61
|
|
60
|
Profit before tax excluding credit impairment charges and
litigation and conduct
|
1,831
|
2,002
|
3,038
|
|
1,787
|
2,275
|
2,064
|
1,992
|
|
1,077
|
Barclays UK
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Cost: income ratio
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Total operating expenses
|
(1,120)
|
(1,024)
|
(1,028)
|
|
(1,122)
|
(2,432)
|
(1,063)
|
(1,002)
|
|
(1,175)
|
Impact of litigation and conduct
|
25
|
6
|
5
|
|
58
|
1,480
|
41
|
3
|
|
15
|
Operating expenses
|
(1,095)
|
(1,018)
|
(1,023)
|
|
(1,064)
|
(952)
|
(1,022)
|
(999)
|
|
(1,160)
|
|
|
|
|
|
|
|
|
|
|
|
Total income
|
1,550
|
1,467
|
1,704
|
|
1,959
|
1,846
|
1,771
|
1,777
|
|
1,863
|
|
|
|
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
71%
|
69%
|
60%
|
|
54%
|
52%
|
58%
|
56%
|
|
62%
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax
|
196
|
(127)
|
195
|
|
647
|
(687)
|
477
|
585
|
|
390
|
Impact of litigation and conduct
|
25
|
6
|
5
|
|
58
|
1,480
|
41
|
3
|
|
15
|
Profit/(loss) before tax excluding litigation and
conduct
|
221
|
(121)
|
200
|
|
705
|
793
|
518
|
588
|
|
405
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable profit/(loss)
|
113
|
(123)
|
175
|
|
438
|
(907)
|
328
|
422
|
|
241
|
Post-tax impact of litigation and conduct
|
17
|
5
|
3
|
|
43
|
1,457
|
30
|
2
|
|
12
|
Profit/(loss) attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
130
|
(118)
|
178
|
|
481
|
550
|
358
|
424
|
|
253
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Average allocated equity
|
13.7
|
13.9
|
13.7
|
|
13.8
|
13.9
|
13.8
|
13.9
|
|
13.6
|
Average goodwill and intangibles
|
(3.6)
|
(3.6)
|
(3.6)
|
|
(3.5)
|
(3.5)
|
(3.5)
|
(3.5)
|
|
(3.5)
|
Average allocated tangible equity
|
10.1
|
10.3
|
10.1
|
|
10.3
|
10.4
|
10.3
|
10.4
|
|
10.1
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity excluding litigation
and conduct
|
5.2%
|
(4.6%)
|
7.0%
|
|
18.7%
|
21.2%
|
13.9%
|
16.4%
|
|
10.1%
|
Barclays International
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Cost: income ratio
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Total operating expenses
|
(2,255)
|
(2,197)
|
(2,219)
|
|
(2,500)
|
(2,282)
|
(2,446)
|
(2,225)
|
|
(2,684)
|
Impact of litigation and conduct
|
28
|
11
|
-
|
|
86
|
-
|
11
|
19
|
|
33
|
Operating expenses
|
(2,227)
|
(2,186)
|
(2,219)
|
|
(2,414)
|
(2,282)
|
(2,435)
|
(2,206)
|
|
(2,651)
|
|
|
|
|
|
|
|
|
|
|
|
Total income
|
3,781
|
4,010
|
4,644
|
|
3,452
|
3,750
|
3,903
|
3,570
|
|
3,221
|
|
|
|
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
59%
|
55%
|
48%
|
|
70%
|
61%
|
62%
|
62%
|
|
82%
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
1,165
|
807
|
822
|
|
640
|
1,137
|
1,223
|
1,118
|
|
215
|
Impact of litigation and conduct
|
28
|
11
|
-
|
|
86
|
-
|
11
|
19
|
|
33
|
Profit before tax excluding litigation and conduct
|
1,193
|
818
|
822
|
|
726
|
1,137
|
1,234
|
1,137
|
|
248
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable profit/(loss)
|
782
|
468
|
529
|
|
397
|
799
|
832
|
788
|
|
(21)
|
Post-tax impact of litigation and conduct
|
21
|
8
|
-
|
|
64
|
2
|
8
|
16
|
|
34
|
Profit attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
803
|
476
|
529
|
|
461
|
801
|
840
|
804
|
|
13
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Average allocated equity
|
31.2
|
34.2
|
31.9
|
|
31.9
|
33.3
|
32.1
|
31.6
|
|
32.4
|
Average goodwill and intangibles
|
(0.6)
|
(0.7)
|
(0.7)
|
|
(1.0)
|
(1.1)
|
(1.0)
|
(1.1)
|
|
(1.1)
|
Average allocated tangible equity
|
30.6
|
33.5
|
31.2
|
|
30.9
|
32.2
|
31.1
|
30.5
|
|
31.3
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity excluding litigation
and conduct
|
10.5%
|
5.7%
|
6.8%
|
|
6.0%
|
10.0%
|
10.8%
|
10.6%
|
|
0.2%
|
Corporate and Investment Bank
|
||||||||||
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Cost: income ratio
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Total operating expenses
|
(1,719)
|
(1,683)
|
(1,690)
|
|
(1,926)
|
(1,716)
|
(1,867)
|
(1,638)
|
|
(2,046)
|
Impact of litigation and conduct
|
3
|
3
|
-
|
|
79
|
4
|
7
|
19
|
|
23
|
Operating expenses
|
(1,716)
|
(1,680)
|
(1,690)
|
|
(1,847)
|
(1,712)
|
(1,860)
|
(1,619)
|
|
(2,023)
|
|
|
|
|
|
|
|
|
|
|
|
Total income
|
2,905
|
3,316
|
3,617
|
|
2,314
|
2,617
|
2,795
|
2,505
|
|
2,151
|
|
|
|
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
59%
|
51%
|
47%
|
|
80%
|
65%
|
67%
|
65%
|
|
94%
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
1,000
|
1,040
|
1,203
|
|
359
|
882
|
887
|
827
|
|
85
|
Impact of litigation and conduct
|
3
|
3
|
-
|
|
79
|
4
|
7
|
19
|
|
23
|
Profit before tax excluding litigation and conduct
|
1,003
|
1,043
|
1,203
|
|
438
|
886
|
894
|
846
|
|
108
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable profit/(loss)
|
627
|
694
|
820
|
|
193
|
609
|
596
|
582
|
|
(84)
|
Post-tax impact of litigation and conduct
|
2
|
2
|
-
|
|
58
|
5
|
5
|
16
|
|
27
|
Profit/(loss) attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
629
|
696
|
820
|
|
251
|
614
|
601
|
598
|
|
(57)
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Average allocated equity
|
26.4
|
29.1
|
26.2
|
|
25.9
|
26.9
|
25.8
|
25.2
|
|
26.0
|
Average goodwill and intangibles
|
-
|
(0.1)
|
-
|
|
(0.1)
|
-
|
-
|
(0.1)
|
|
-
|
Average allocated tangible equity
|
26.4
|
29.0
|
26.2
|
|
25.8
|
26.9
|
25.8
|
25.1
|
|
26.0
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity excluding litigation
and conduct
|
9.5%
|
9.6%
|
12.5%
|
|
3.9%
|
9.2%
|
9.3%
|
9.5%
|
|
(0.9%)
|
Consumer, Cards and Payments
|
||||||||||
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Cost: income ratio
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Total operating expenses
|
(536)
|
(514)
|
(529)
|
|
(574)
|
(566)
|
(579)
|
(587)
|
|
(638)
|
Impact of litigation and conduct
|
25
|
8
|
-
|
|
7
|
(4)
|
4
|
-
|
|
10
|
Operating expenses
|
(511)
|
(506)
|
(529)
|
|
(567)
|
(570)
|
(575)
|
(587)
|
|
(628)
|
|
|
|
|
|
|
|
|
|
|
|
Total income
|
876
|
694
|
1,027
|
|
1,138
|
1,133
|
1,108
|
1,065
|
|
1,070
|
|
|
|
|
|
|
|
|
|
|
|
Cost: income ratio excluding litigation and conduct
|
58%
|
73%
|
52%
|
|
50%
|
50%
|
52%
|
55%
|
|
59%
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before tax
|
165
|
(233)
|
(381)
|
|
281
|
255
|
336
|
291
|
|
130
|
Impact of litigation and conduct
|
25
|
8
|
-
|
|
7
|
(4)
|
4
|
-
|
|
10
|
Profit/(loss) before tax excluding litigation and
conduct
|
190
|
(225)
|
(381)
|
|
288
|
251
|
340
|
291
|
|
140
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable profit/(loss)
|
155
|
(226)
|
(291)
|
|
204
|
190
|
236
|
206
|
|
63
|
Post-tax impact of litigation and conduct
|
19
|
6
|
-
|
|
6
|
(3)
|
3
|
-
|
|
7
|
Profit/(loss) attributable to ordinary equity holders of the parent
excluding litigation and conduct
|
174
|
(220)
|
(291)
|
|
210
|
187
|
239
|
206
|
|
70
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
Average allocated equity
|
4.8
|
5.1
|
5.7
|
|
6.0
|
6.4
|
6.3
|
6.4
|
|
6.4
|
Average goodwill and intangibles
|
(0.6)
|
(0.6)
|
(0.7)
|
|
(0.9)
|
(1.1)
|
(1.0)
|
(1.0)
|
|
(1.1)
|
Average allocated tangible equity
|
4.2
|
4.5
|
5.0
|
|
5.1
|
5.3
|
5.3
|
5.4
|
|
5.3
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity excluding litigation
and conduct
|
16.5%
|
(19.6%)
|
(23.5%)
|
|
16.3%
|
14.0%
|
18.0%
|
15.4%
|
|
5.4%
|
Head Office
|
|
|
|
|
|
|
|
|
|
|
|
Q320
|
Q220
|
Q120
|
|
Q419
|
Q319
|
Q219
|
Q119
|
|
Q418
|
Profit before tax
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
Loss before tax
|
(214)
|
(321)
|
(104)
|
|
(190)
|
(204)
|
(169)
|
(220)
|
|
(231)
|
Impact of litigation and conduct
|
23
|
3
|
5
|
|
23
|
88
|
1
|
39
|
|
12
|
Loss before tax excluding litigation and conduct
|
(191)
|
(318)
|
(99)
|
|
(167)
|
(116)
|
(168)
|
(181)
|
|
(219)
|
|
|
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary equity holders of the
parent
|
|
|
|
|
|
|
|
|
|
|
Attributable loss
|
(284)
|
(255)
|
(99)
|
|
(154)
|
(184)
|
(126)
|
(172)
|
|
(234)
|
Post-tax impact of litigation and conduct
|
19
|
3
|
(4)
|
|
15
|
66
|
2
|
28
|
|
16
|
Attributable loss excluding litigation and conduct
|
(265)
|
(252)
|
(103)
|
|
(139)
|
(118)
|
(124)
|
(144)
|
|
(218)
|
Tangible net asset value per share
|
As at
|
As at
|
As at
|
|
30.09.20
|
31.12.19
|
30.09.19
|
|
£m
|
£m
|
£m
|
Total equity excluding non-controlling interests
|
67,816
|
64,429
|
66,197
|
Other equity instruments
|
(12,012)
|
(10,871)
|
(10,860)
|
Goodwill and intangibles
|
(8,163)
|
(8,119)
|
(8,068)
|
Tangible shareholders' equity attributable to ordinary shareholders
of the parent
|
47,641
|
45,439
|
47,269
|
|
|
|
|
|
m
|
m
|
m
|
Shares in issue
|
17,353
|
17,322
|
17,269
|
|
|
|
|
|
p
|
p
|
p
|
Tangible net asset value per share
|
275
|
262
|
274
|
|
|
|
|
|
|
|
Results timetable1
|
|
|
Date
|
|
|
|
2020 Full Year Results and Annual Report
|
|
|
25 February 2021
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Change3
|
|||
Exchange rates2
|
30.09.20
|
30.06.20
|
30.09.19
|
|
30.06.20
|
30.09.19
|
Period end - USD/GBP
|
1.29
|
1.24
|
1.23
|
|
4%
|
5%
|
YTD average - USD/GBP
|
1.27
|
1.26
|
1.27
|
|
1%
|
-
|
3 month average - USD/GBP
|
1.29
|
1.24
|
1.23
|
|
4%
|
5%
|
Period end - EUR/GBP
|
1.10
|
1.10
|
1.13
|
|
-
|
(3%)
|
YTD average - EUR/GBP
|
1.13
|
1.14
|
1.13
|
|
(1%)
|
-
|
3 month average - EUR/GBP
|
1.11
|
1.13
|
1.11
|
|
(2%)
|
-
|
|
|
|
|
|
|
|
Share price data
|
|
|
|
|
|
|
Barclays PLC (p)
|
97.61
|
114.42
|
150.40
|
|
|
|
Barclays PLC number of shares (m)
|
17,353
|
17,345
|
17,269
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For further information please contact
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investor relations
|
Media relations
|
|||||
Chris Manners +44 (0) 20 7773 2136
|
Tom Hoskin +44 (0) 20 7116 4755
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
More information on Barclays can be found on our website:
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 +44 121 415 7004 from
overseas.
|
|
|||||
|
|
|
|
|
|
|
American Depositary Receipts (ADRs)
|
|
|
|
|
|
|
J.P.Morgan Chase Bank, N.A
|
||||||
StockTransfer@equiniti.com
|
||||||
Tel: +1 800 990 1135 (toll free in US and Canada), +1 651 453 2128
(outside the US and Canada) or +1 866 700 1652 (for the
hearing
|
||||||
impaired).
|
||||||
J.P.Morgan Chase Bank N.A., Shareowner Services, PO Box 64504, St
Paul, MN 55164-0504, USA.
|
||||||
|
|
|
|
|
|
|
Delivery of ADR certificates and overnight mail
|
|
|
|
|
|
|
J.P.Morgan Chase Bank N.A., Shareowner Services, 1110 Centre Pointe
Curve, Suite 101, Mendota Heights, MN 55120, USA.
|
1
|
Note that these dates are provisional and subject to
change.
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2
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The average rates shown above are derived from daily spot rates
during the year.
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3
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The change is the impact to GBP reported information.
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4
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Lines open 8.30am to 5.30pm (UK time), Monday to Friday, excluding
UK public holidays in England and Wales.
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