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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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● Returns1:
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● Group
return on tangible equity (RoTE) of 11.1%, with profit before tax
up 23% to £5.3bn, and double digit returns in both Barclays UK
and Barclays International
● Remain
on track to achieve Group RoTE targets of greater than 9% in 2019
and greater than 10% in 2020
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● Cost
efficiency1:
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● Group
operating expenses decreased 3% to £10.0bn, driving an
improved cost: income ratio of 62% (Q317 YTD: 64%)
● Remain
on track for Group operating expenses in the region of £13.9bn
in 2018, and guidance of £13.6-13.9bn in 2019. Targeting a
cost: income ratio of below 60% over time
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● Capital
and dividends:
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● Common
equity tier 1 (CET1) ratio was 13.2% (December 2017: 13.3%), at the
end-state target of c.13%, principally reflecting organic capital
generation from profits offset by a c.65bps impact from litigation
and conduct charges and c.40bps from dividends paid and
foreseen
● Following
regulatory approval, proceeding with the redemption of the $2.65bn
8.125% Series 5 Non-Cumulative Callable Dollar Preference Shares
and $2bn 8.25% Additional Tier 1 (AT1) securities, to be effected
on 15 December 2018. This will result in a pro-forma decrease of
33bps to the 30 September 2018 CET1 ratio, but an ongoing earnings
benefit
● Intention
to pay a dividend of 6.5p per share for 2018, subject to regulatory
approvals. Interim dividend of 2.5p per share paid in
Q318
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●
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Barclays Group profit before tax was £3,120m (Q317 YTD:
£3,448m), which included litigation and conduct charges
of £2.1bn (Q317 YTD: £0.8bn) principally related to a
£1.4bn settlement with the US Department of Justice (DoJ) with
regard to Residential Mortgage-Backed Securities (RMBS) and charges
of £400m (Q317 YTD: £700m) due to Payment Protection
Insurance (PPI) in Q118
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●
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Excluding litigation and conduct charges, Group profit before tax
increased 23% to £5,267m despite the adverse effect of
the 5% depreciation of average USD against GBP. This increase in
profit before tax was driven by a 53% improvement in credit
impairment charges, primarily reflecting improved consensus-based
macroeconomic forecasts in the UK and US, single name recoveries in
wholesale banking and portfolio adjustments as IFRS 9 continues to
embed, and a 3% reduction in operating expenses
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●
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Barclays UK profit before tax increased to £1,566m (Q317 YTD:
£1,295m). Excluding litigation and conduct, profit
before tax increased 2% to £2,034m reflecting a 12% reduction
in impairment charges and stable income, partially offset by a 2%
increase in operating expenses reflecting continued investment in
digitisation. RoTE was 18.9% (Q317 YTD: 19.8%) excluding litigation
and conduct
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Barclays International profit before tax increased to £3,560m
(Q317 YTD: £3,269m), driven by a 73% decrease in credit
impairment charges, while income declined 2%, mainly due to prior
year one-offs in Consumer, Cards and Payments. RoTE excluding
litigation and conduct was 11.6% (Q317 YTD: 10.1%), reflecting
improved returns in both the Corporate and Investment Bank (CIB)
and Consumer, Cards and Payments of 9.7% and 21.7% (Q317 YTD: 8.4%
and 19.4%) respectively
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Attributable profit was £1,470m (Q317 YTD: loss of
£628m) and basic earnings per share was 9.4p (Q317 YTD:
loss per share of 3.0p). Excluding litigation and conduct, earnings
per share was 21.6p (Q317 YTD: 1.7p)
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Tangible net asset value (TNAV) per share was 260p (December 2017:
276p) as 21.6p of earnings per share, excluding litigation
and conduct, was more than offset by 4.5p per share paid in
dividends, the impact of the implementation of IFRS 9 and
litigation and conduct charges. TNAV per share increased 1p in the
quarter
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●
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The CET1 ratio was 13.2% (December 2017: 13.3%), principally
reflecting capital generation from profits offset by a c.65bps
impact from litigation and conduct charges and c.40bps from
dividends paid and foreseen. The CET1 ratio increased 20bps in the
quarter from 13.0% at June 2018
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1
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Excluding litigation and conduct, with returns targets based
on a Barclays Group CET1 ratio of c.13%.
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Barclays Group results
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for the nine months ended
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30.09.18
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30.09.17
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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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16,063
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16,054
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-
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Credit impairment charges and other provisions
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(825)
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(1,763)
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53
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Net operating income
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15,238
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14,291
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7
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Operating expenses excluding litigation and conduct
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(10,003)
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(10,263)
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3
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Litigation and conduct1
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(2,147)
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(824)
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Operating expenses
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(12,150)
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(11,087)
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(10)
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Other net income
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32
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244
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(87)
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Profit before tax
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3,120
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3,448
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(10)
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Tax charge
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(977)
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(1,102)
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11
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Profit after tax in respect of continuing operations
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2,143
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2,346
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(9)
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Loss after tax in respect of discontinued operation
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-
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(2,195)
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Non-controlling interests in respect of continuing
operations
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(151)
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(181)
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17
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Non-controlling interests in respect of discontinued
operation
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-
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(140)
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Other equity instrument holders2
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(522)
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(458)
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(14)
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Attributable profit/(loss)
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1,470
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(628)
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Performance measures
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Return on average tangible shareholders' equity2
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4.9%
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(1.4%)
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Average tangible shareholders' equity (£bn)
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44.1
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49.2
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Cost: income ratio
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76%
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69%
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Loan loss rate (bps)
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33
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55
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Basic earnings/(loss) per share2
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9.4p
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(3.0p)
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Dividend per share
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2.5p
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1.0p
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Performance measures excluding
litigation and conduct1
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% Change
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Profit before tax
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5,267
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4,272
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23
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Attributable profit
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3,544
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171
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Return on average tangible shareholders' equity2
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11.1%
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0.8%
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Cost: income ratio
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62%
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64%
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Basic earnings per share2
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21.6p
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1.7p
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As at 30.09.18
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As at 31.12.17
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As at 30.09.17
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Balance sheet and capital
management3
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£bn
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£bn
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£bn
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Tangible net asset value per share
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260p
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276p
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281p
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Common equity tier 1 ratio4
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13.2%
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13.3%
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13.1%
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Common equity tier 1 capital
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41.7
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41.6
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42.3
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Risk weighted assets
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316.2
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313.0
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324.3
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Average UK leverage ratio
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4.6%
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4.9%
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4.9%
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Average tier 1 capital
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51.8
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51.2
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51.2
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Average UK leverage exposure
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1,119
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1,045
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1,035
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Funding and liquidity
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Group liquidity pool
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213
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220
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216
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CRD IV liquidity coverage ratio
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161%
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154%
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157%
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Loan: deposit ratio
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83%
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81%
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80%
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1
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Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
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2
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The profit after tax attributable to other equity instrument
holders of £522m (Q317 YTD: £458m) is offset by a tax
credit recorded in reserves of £141m (Q317 YTD: £125m).
The net amount of £381m (Q317 YTD: £333m), along with
non-controlling interests, is deducted from profit after tax in
order to calculate earnings per share and return on average
tangible shareholders’ equity.
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3
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Capital, RWAs and leverage measures are calculated applying the
transitional arrangements of the Capital Requirements Regulation
(CRR). This includes IFRS 9 transitional arrangements.
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4
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The fully loaded CET1 ratio was 12.8%, with £40.5bn of CET1
capital and £316bn of RWAs, calculated without applying the
transitional arrangements of the CRR.
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Profit
before tax was £3,120m (Q317 YTD: £3,448m). Excluding
litigation and conduct charges, profit before tax increased 23% to
£5,267m driven by a 53% improvement in credit impairment
charges and a 3% reduction in operating expenses. The 5%
depreciation of average USD against GBP adversely impacted profits
and income, and positively impacted credit impairment charges and
operating expenses
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Total
income was £16,063m (Q317 YTD: £16,054m). Barclays UK
income was stable, while Barclays International income declined 2%
reflecting stable income in CIB and a 7% reduction in Consumer,
Cards and Payments, primarily due to prior year one-off gains as a
result of management de-risking actions. Head Office income was a
net expense of £262m (Q317 YTD: income of £8m), and the
Group benefited from the non-recurrence of negative income
associated with the former Non-Core division, which was closed on 1
July 2017
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Credit
impairment charges decreased 53% to £825m primarily due to
improved consensus-based macroeconomic forecasts in the UK and US,
single name recoveries in wholesale banking, portfolio adjustments
as IFRS 9 continues to embed, and the impact of repositioning the
US cards portfolio towards a lower risk mix. The Barclays Group
loan loss rate was 33bps (Q317 YTD: 55bps)
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Barclays
adopted IFRS 9, Financial Instruments from 1 January 2018,
requiring the recognition of impairment earlier in the lifecycle of
a product having considered forward-looking information. As
experienced in the year to date, the impairment measurement and
resulting charge has been more volatile in response to the impacts
from an improved consensus-based macroeconomic outlook, higher than
expected seasonality and single name recoveries. These impacts are
not expected to repeat in a stable economic and credit environment.
In addition, the year to date impairment charge included a
non-recurring reduction from portfolio adjustments as IFRS 9
continues to be embedded within our business as usual process and
controls including the performance of impairment
models
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Operating
expenses of £12,150m (Q317 YTD: £11,087m) included
litigation and conduct charges of £2,147m (Q317 YTD:
£824m), excluding which, operating expenses reduced to
£10,003m (Q317 YTD: £10,263m). This 3% reduction
reflected the non-recurrence of costs associated with the former
Non-Core division, while costs increased 2% in Barclays UK and were
stable in Barclays International primarily due to investments in
businesses and digitising the bank. The cost: income ratio,
excluding litigation and conduct, reduced to 62% (Q317 YTD:
64%)
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Other
net income declined to £32m (Q317 YTD: £244m) primarily
reflecting the non-recurrence of gains on the sales of
Barclays’ share in VocaLink and a joint venture in Japan in
Q217
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The
effective tax rate was 31.3% (Q317 YTD: 32.0%). Excluding
litigation and conduct, the underlying effective tax rate was 20.0%
(Q317 YTD: 26.4%), with the year-on-year reduction primarily due to
the reduction in the US federal corporate income tax rate under the
US Tax Cuts and Jobs Act and the beneficial impact of adjustments
to prior periods recognised in 2018. The Group’s
underlying effective rate for the full year 2018 and future periods
is expected to be in the mid-20 percents
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RoTE
was 11.1% (Q317 YTD: 0.8%) and earnings per share was 21.6p (Q317
YTD: 1.7p), excluding litigation and conduct
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TNAV
per share was 260p (December 2017: 276p) as 21.6p of earnings per
share, excluding litigation and conduct, was more than offset by
4.5p per share paid in dividends, the impact of the implementation
of IFRS 9 and litigation and conduct charges in Q118. TNAV per
share increased 1p in the quarter
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RoTE
excluding litigation and conduct decreased to 18.9% (Q317 YTD:
19.8%). Including PPI charges of £400m (Q317 YTD: £700m)
RoTE was 12.7% (Q317 YTD: 9.4%)
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Total
income was stable at £5,520m (Q317 YTD:
£5,513m)
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–
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Personal
Banking income decreased 3% to £3,008m reflecting the
non-recurrence of a valuation gain on Barclays’ preference
shares in Visa Inc. in Q117 and the realignment of clients from
Barclays UK to Barclays International as part of structural
reform
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–
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Barclaycard
Consumer UK income increased 3% to £1,582m
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Business
Banking income increased 5% to £930m driven by the realignment
of clients from Barclays International to Barclays UK, as part of
structural reform, partially offset by the non-recurrence of the
Visa gain
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–
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Net
interest margin decreased 31bps to 3.24% reflecting the integration
of the Education, Social Housing and Local Authority (ESHLA)
portfolio and margin pressure
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Credit
impairment charges decreased 12% to £530m due to improved
consensus-based macroeconomic forecasts, partially offset by
one-off charges in Business Banking. The 30 and 90 day arrears
rates in UK cards remained stable at 1.8% (Q317: 1.8%) and 0.9%
(Q317: 0.9%) respectively
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Operating
expenses excluding litigation and conduct increased 2% to
£2,961m as continued investment in digitising the bank and
inflationary pressures were partially offset by lower costs of
setting up the ring-fenced bank and cost efficiencies. The cost:
income ratio excluding litigation and conduct was 54% (Q317 YTD:
53%)
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RoTE
excluding litigation and conduct decreased to 18.9% (Q317 YTD:
19.8%) driven by the integration of the ESHLA portfolio, partially
offset by an increase in profit before tax of 2% to
£2,034m
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RWAs
increased to £74.8bn (December 2017: £70.9bn) primarily
due to regulatory methodology changes for the ESHLA portfolio and
growth in the mortgage book
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Profit
before tax excluding litigation and conduct increased 11% to
£3,654m resulting in a double digit RoTE of 11.6% (Q317 YTD:
10.1%), reflecting improved returns in both CIB, and Consumer,
Cards and Payments of 9.7% and 21.7% (Q317 YTD: 8.4% and 19.4%)
respectively
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The 5%
depreciation of average USD against GBP adversely impacted profits
and income, and positively impacted credit impairment charges and
operating expenses
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Total
income decreased 2% to £10,805m
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–
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CIB
income was stable at £7,614m (Q317 YTD: £7,626m) as a 12%
increase in Markets income to £3,955m was offset by a 7%
decrease in Banking income to £3,756m
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–
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FICC
income increased 1% to £2,293m as continued strong performance
in foreign exchange was offset by a decline in credit
income
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–
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Equities
income increased 31% to £1,662m reflecting an improved
performance in derivatives from increased client activity and a
continued strong performance in equity financing
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–
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Banking
fee income decreased 5% to £1,906m, following a strong Q317
YTD. Banking global fee share for Q318 YTD increased since
FY17
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–
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Corporate
lending income declined 23% to £635m driven by lower lending
balances, including the redeployment of RWAs within CIB, and the
realignment of clients between Barclays UK and Barclays
International as part of structural reform
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–
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Transaction
banking income was stable at £1,215m (Q317 YTD: £1,221m)
as growth in deposits and transactions was offset by the impact of
the realignment of clients between Barclays UK and Barclays
International as part of structural reform
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–
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Consumer,
Cards and Payments income decreased 7% to £3,191m driven by
the non-recurrence of a £192m gain relating to an asset sale
in US cards in Q117, a £74m valuation gain on Barclays’
preference shares in Visa Inc. in Q117 and a negative £41m
revaluation of the same shares in Q318, partially offset by
continued underlying growth in US cards and a £53m gain on
sale of a US cards portfolio in Q218
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●
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Credit
impairment charges decreased 73% to £304m including portfolio
adjustments as IFRS 9 continues to embed
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–
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CIB
credit impairment charges decreased to a release of £185m
(Q317 YTD: charge of £86m) primarily due to single name
recoveries and improved consensus-based macroeconomic
forecasts
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–
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Consumer,
Cards and Payments credit impairment charges decreased 53% to
£489m reflecting the non-recurrence of a £168m charge in
Q317 relating to deferred consideration from the Q117 asset sale in
US cards, improved consensus-based macroeconomic forecasts in the
US, the impact of repositioning the US cards portfolio towards a
lower risk mix and repayment of certain US card balances following
higher than expected seasonality in Q218
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●
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Operating
expenses increased 1% to £6,977m
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–
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CIB
operating expenses decreased 1% to £5,303m reflecting the
reduction of structural reform costs, and the reduced impact of the
change in compensation awards introduced in Q416, offset by
continued investment
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–
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Consumer,
Cards and Payments operating expenses increased 8% to £1,674m.
Excluding litigation and conduct operating expenses increased 5% to
£1,625m including continued growth and investment, primarily
within the US cards and merchant acquiring businesses
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●
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Other
net income decreased to £36m (Q317 YTD: £233m) due to the
non-recurrence of a gain of £109m on the sale of
Barclays’ share in VocaLink to MasterCard and a gain of
£76m on the sale of a joint venture in Japan in
Q217
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●
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RWAs
increased to £214.6bn (December 2017: £210.3bn) driven by
the appreciation of period end USD against GBP and increased
lending in Consumer, Cards and Payments
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●
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Loss
before tax was £2,006m (Q317 YTD: £469m) driven by
litigation and conduct charges of £1,585m (Q317 YTD:
£76m) primarily related to the £1.4bn settlement with the
US DoJ relating to RMBS. Excluding litigation and conduct, loss
before tax was £421m (Q317 YTD: £393m)
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●
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Total
income reduced to an expense of £262m (Q317 YTD: income of
£8m) reflecting certain legacy capital instrument funding
costs of £263m now charged to Head Office, hedge accounting
and an increased net expense from treasury operations. This was
partially offset by a one-off gain of £155m from the
settlement of receivables relating to the Lehman Brothers
acquisition
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●
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Operating
expenses excluding litigation and conduct reduced to £159m
(Q317 YTD: £201m) driven by lower costs associated with legacy
Non-Core assets and businesses, which were integrated on 1 July
2017
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●
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Other
net expenses were £9m (Q317 YTD: £186m) due to the
non-recurrence of a £180m expense in Q217 on the recycling of
the currency translation reserve to the income statement on the
sale of Barclays Bank Egypt
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●
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RWAs
decreased to £26.8bn (December 2017: £31.8bn) reflecting
the net reduction due to Barclays Africa Group Limited (BAGL)
regulatory deconsolidation
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●
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Barclays’
CET1 ratio decreased to 13.2% (December 2017: 13.3%) due to an
increase in RWAs of £3.2bn to £316.2bn whilst CET1
capital increased by £0.1bn to £41.7bn
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●
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The
increase in RWAs reflected appreciation of period end USD against
GBP, increased lending in Consumer, Cards and Payments and
regulatory methodology changes for the ESHLA portfolio in Barclays
UK, offset by the net reduction due to BAGL regulatory
deconsolidation
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●
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£2bn
of organic capital generation from profits, after absorbing the
impacts of litigation and conduct charges, was largely offset by
£1.2bn of regulatory deductions for dividends paid and
foreseen and £0.5bn of pension deficit
contributions
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●
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The
average UK leverage ratio decreased to 4.6% (December 2017: 4.9%)
primarily driven by increased exposures due to securities financing
transactions (SFTs) and trading portfolio assets
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●
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The
Barclays Group continued to maintain surpluses to its internal and
regulatory liquidity requirements. The liquidity pool decreased to
£213bn (December 2017: £220bn) driven largely by the
deployment of funding to support business growth. The liquidity
coverage ratio (LCR) increased to 161% (December 2017: 154%),
equivalent to a surplus of £80bn (December 2017: £75bn)
to the 100% requirement, following a net decline in business
stresses
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●
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Wholesale
funding outstanding (excluding repurchase agreements) was
£151bn (December 2017: £144bn). In the nine months to
September 2018, Barclays Group issued £10bn of minimum
requirement for own funds and eligible liabilities (MREL)
instruments from Barclays PLC (the Parent company) in a range of
different currencies. Barclays Bank PLC continued to issue in the
shorter term markets and Barclays Bank UK PLC issued in the shorter
term and secured markets, helping to maintain their stable and
diversified funding bases. Notable issuances have included $3bn 3
year senior unsecured notes from Barclays Bank PLC and a
£1.25bn 5 year covered bond from Barclays Bank UK PLC.
Barclays Group has continued to reduce its reliance on short-term
wholesale funding, where the proportion maturing in less than 1
year fell to 29% (December 2017: 31%)
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●
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In Q118
Barclays reached a settlement with the US DoJ to resolve the civil
complaint brought by the DoJ in December 2016 relating to RMBS sold
by Barclays between 2005 and 2007. Barclays paid a civil monetary
penalty of $2,000m (£1,420m)
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●
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Additional
charges of £400m (Q317 YTD: £700m) relating to PPI were
recognised in Q118 mainly as a result of continued higher
complaints flow. The remaining PPI provision as at 30 September
2018 was £1.1bn (December 2017: £1.6bn) to cover claims
through to the deadline of 29 August 2019. Management views its
current PPI provision as appropriate, but will continue to closely
monitor complaint trends and the associated provision
adequacy
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●
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On 1
April 2018 Barclays successfully established its ring-fenced bank,
Barclays Bank UK PLC, after receiving approval from the Prudential
Regulation Authority (PRA) and the High Court of Justice of England
and Wales to implement the ring-fencing transfer scheme under Part
VII of the Financial Services Markets Act 2000
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●
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The PRA
agreed to Barclays fully deconsolidating BAGL for regulatory
reporting purposes effective 30 June 2018. Barclays had been
applying proportional consolidation for regulatory purposes since
Q217. Barclays’ shareholding in BAGL of 14.9% is now treated
as a 250% risk weighted asset
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●
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On 21
May 2018 Barclays announced that the Crown Court had dismissed all
of the charges that had been brought by the Serious Fraud Office
(SFO) against Barclays PLC and Barclays Bank PLC regarding matters
which arose in the context of Barclays’ capital raisings in
2008. On 23 July 2018 the SFO made an application to the High Court
seeking to reinstate against Barclays PLC and Barclays Bank PLC all
of the charges dismissed by the Crown Court. Barclays is defending the application brought by
the SFO before the High Court in late October
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●
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Following
regulatory approval, Barclays is proceeding with the redemption of
the $2.65bn 8.125% Series 5 Non-Cumulative Callable Dollar
Preference Shares and $2bn 8.25% Additional Tier 1 (AT1)
securities, to be effected on 15 December 2018. The
redemptions will result in an ongoing earnings benefit, and will
result in a pro-forma decrease of 33bps to the 30 September 2018
CET1 ratio due to these instruments being held on the balance sheet
at historical FX rates
|
|
Barclays UK
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
|
Net interest income
|
4,515
|
4,546
|
(1)
|
|
Net fee, commission and other income
|
1,005
|
967
|
4
|
|
Total income
|
5,520
|
5,513
|
-
|
|
Credit impairment charges and other provisions
|
(530)
|
(599)
|
12
|
|
Net operating income
|
4,990
|
4,914
|
2
|
|
Operating expenses excluding litigation and conduct
|
(2,961)
|
(2,913)
|
(2)
|
|
Litigation and conduct1
|
(468)
|
(706)
|
34
|
|
Operating expenses
|
(3,429)
|
(3,619)
|
5
|
|
Other net income
|
5
|
-
|
|
|
Profit before tax
|
1,566
|
1,295
|
21
|
|
Attributable profit
|
926
|
608
|
52
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
Loans and advances to customers at amortised cost
|
186.7
|
183.8
|
182.2
|
|
Total assets
|
252.0
|
237.4
|
230.4
|
|
Customer deposits at amortised cost
|
195.8
|
193.4
|
189.3
|
|
Loan: deposit ratio
|
96%
|
95%
|
97%
|
|
Risk weighted assets
|
74.8
|
70.9
|
70.0
|
|
Period end allocated tangible equity
|
10.1
|
9.6
|
9.5
|
|
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
|
Performance measures
|
30.09.18
|
30.09.17
|
|
|
Return on average allocated tangible equity
|
12.7%
|
9.4%
|
|
|
Average allocated tangible equity (£bn)
|
10.0
|
9.0
|
|
|
Cost: income ratio
|
62%
|
66%
|
|
|
Loan loss rate (bps)
|
37
|
43
|
|
|
Net interest margin
|
3.24%
|
3.55%
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
|
Profit before tax
|
2,034
|
2,001
|
2
|
|
Attributable profit
|
1,386
|
1,304
|
6
|
|
Return on average allocated tangible equity
|
18.9%
|
19.8%
|
|
|
Cost: income ratio
|
54%
|
53%
|
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Analysis of Barclays UK
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Analysis of total income
|
£m
|
£m
|
% Change
|
|
Personal Banking
|
3,008
|
3,098
|
(3)
|
|
Barclaycard Consumer UK
|
1,582
|
1,532
|
3
|
|
Business Banking
|
930
|
883
|
5
|
|
Total income
|
5,520
|
5,513
|
-
|
|
|
|
|
|
|
Analysis of credit impairment charges and other
provisions
|
|
|
|
|
Personal Banking
|
(129)
|
(165)
|
22
|
|
Barclaycard Consumer UK
|
(340)
|
(417)
|
18
|
|
Business Banking
|
(61)
|
(17)
|
|
|
Total credit impairment charges and other provisions
|
(530)
|
(599)
|
12
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Analysis of loans and advances to customers at amortised
cost
|
£bn
|
£bn
|
£bn
|
|
Personal Banking
|
145.4
|
141.3
|
140.4
|
|
Barclaycard Consumer UK
|
15.3
|
16.4
|
16.3
|
|
Business Banking
|
26.0
|
26.1
|
25.5
|
|
Total loans and advances to customers at amortised
cost
|
186.7
|
183.8
|
182.2
|
|
|
|
|
|
|
Analysis of customer deposits at amortised cost
|
|
|
|
|
Personal Banking
|
153.4
|
153.1
|
152.1
|
|
Barclaycard Consumer UK
|
-
|
-
|
-
|
|
Business Banking
|
42.4
|
40.3
|
37.2
|
|
Total customer deposits at amortised cost
|
195.8
|
193.4
|
189.3
|
|
Barclays International
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
|
Net interest income
|
2,831
|
3,320
|
(15)
|
|
Net trading income
|
3,613
|
3,036
|
19
|
|
Net fee, commission and other income
|
4,361
|
4,707
|
(7)
|
|
Total income
|
10,805
|
11,063
|
(2)
|
|
Credit impairment charges and other provisions
|
(304)
|
(1,120)
|
73
|
|
Net operating income
|
10,501
|
9,943
|
6
|
|
Operating expenses excluding litigation and conduct
|
(6,883)
|
(6,893)
|
-
|
|
Litigation and conduct1
|
(94)
|
(14)
|
|
|
Operating expenses
|
(6,977)
|
(6,907)
|
(1)
|
|
Other net income
|
36
|
233
|
(85)
|
|
Profit before tax
|
3,560
|
3,269
|
9
|
|
Attributable profit
|
2,513
|
2,015
|
25
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
Loans and advances at amortised cost
|
132.4
|
126.8
|
134.4
|
|
Trading portfolio assets
|
124.6
|
113.0
|
91.2
|
|
Derivative financial instrument assets
|
214.8
|
236.2
|
242.8
|
|
Derivative financial instrument liabilities
|
213.7
|
237.8
|
242.9
|
|
Financial assets at fair value through the income
statement
|
147.8
|
104.1
|
103.7
|
|
Total assets
|
900.2
|
856.1
|
867.1
|
|
Deposits at amortised cost
|
200.3
|
187.3
|
191.9
|
|
Loan: deposit ratio
|
66%
|
68%
|
70%
|
|
Risk weighted assets
|
214.6
|
210.3
|
218.2
|
|
Period end allocated tangible equity
|
30.2
|
27.5
|
28.0
|
|
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
|
Performance measures
|
30.09.18
|
30.09.17
|
|
|
Return on average allocated tangible equity
|
11.3%
|
10.0%
|
|
|
Average allocated tangible equity (£bn)
|
30.9
|
28.0
|
|
|
Cost: income ratio
|
65%
|
62%
|
|
|
Loan loss rate (bps)
|
30
|
67
|
|
|
Net interest margin
|
4.15%
|
4.10%
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
|
Profit before tax
|
3,654
|
3,283
|
11
|
|
Attributable profit
|
2,585
|
2,025
|
28
|
|
Return on average allocated tangible equity
|
11.6%
|
10.1%
|
|
|
Cost: income ratio
|
64%
|
62%
|
|
|
1
|
Refer to pages 38 to 46 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
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
|
FICC1
|
2,293
|
2,268
|
1
|
|
Equities
|
1,662
|
1,267
|
31
|
|
Markets
|
3,955
|
3,535
|
12
|
|
Banking fees
|
1,906
|
2,007
|
(5)
|
|
Corporate lending
|
635
|
824
|
(23)
|
|
Transaction banking
|
1,215
|
1,221
|
-
|
|
Banking
|
3,756
|
4,052
|
(7)
|
|
Other
|
(97)
|
39
|
|
|
Total income
|
7,614
|
7,626
|
-
|
|
Credit impairment releases/(charges) and other
provisions
|
185
|
(86)
|
|
|
Net operating income
|
7,799
|
7,540
|
3
|
|
Operating expenses excluding litigation and conduct
|
(5,258)
|
(5,346)
|
2
|
|
Litigation and conduct2
|
(45)
|
(12)
|
|
|
Operating expenses
|
(5,303)
|
(5,358)
|
1
|
|
Other net income
|
12
|
126
|
(90)
|
|
Profit before tax
|
2,508
|
2,308
|
9
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
Loans and advances at amortised cost
|
93.3
|
88.2
|
95.4
|
|
Deposits at amortised cost
|
137.6
|
128.0
|
133.4
|
|
Risk weighted assets
|
175.9
|
176.2
|
185.2
|
|
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
|
Performance measures
|
30.09.18
|
30.09.17
|
|
|
Return on average allocated tangible equity
|
9.6%
|
8.4%
|
|
|
Average allocated tangible equity (£bn)
|
26.0
|
23.8
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct2
|
£m
|
£m
|
% Change
|
|
Profit before tax
|
2,553
|
2,320
|
10
|
|
Return on average allocated tangible equity
|
9.7%
|
8.4%
|
|
|
1
|
Fixed income, currencies and commodities (FICC) is composed of
Credit and Macro income.
|
|
2
|
Refer to pages 38 to 46 for more information and calculations of
performance measures excluding litigation and conduct.
|
|
Analysis of Barclays International
|
|
|
|
|
Consumer, Cards and Payments
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
|
Total income
|
3,191
|
3,437
|
(7)
|
|
Credit impairment charges and other provisions
|
(489)
|
(1,034)
|
53
|
|
Net operating income
|
2,702
|
2,403
|
12
|
|
Operating expenses excluding litigation and conduct
|
(1,625)
|
(1,547)
|
(5)
|
|
Litigation and conduct1
|
(49)
|
(2)
|
|
|
Operating expenses
|
(1,674)
|
(1,549)
|
(8)
|
|
Other net income
|
24
|
107
|
(78)
|
|
Profit before tax
|
1,052
|
961
|
9
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
Loans and advances at amortised cost
|
39.1
|
38.6
|
39.0
|
|
Deposits at amortised cost
|
62.7
|
59.3
|
58.5
|
|
Risk weighted assets
|
38.7
|
34.1
|
33.0
|
|
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
|
Performance measures
|
30.09.18
|
30.09.17
|
|
|
Return on average allocated tangible equity
|
20.7%
|
19.3%
|
|
|
Average allocated tangible equity (£bn)
|
4.9
|
4.2
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
|
Profit before tax
|
1,101
|
963
|
14
|
|
Return on average allocated tangible equity
|
21.7%
|
19.4%
|
|
|
1
|
Refer to pages 38 to 46 for more information and calculations of
performance measures excluding litigation and conduct.
|
|
Head Office
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
|
|
Income statement information
|
£m
|
£m
|
% Change
|
|
Net interest income
|
(580)
|
(181)
|
|
|
Net fee, commission and other income
|
318
|
189
|
68
|
|
Total income
|
(262)
|
8
|
|
|
Credit impairment releases/(charges) and other
provisions
|
9
|
(14)
|
|
|
Net operating expenses
|
(253)
|
(6)
|
|
|
Operating expenses excluding litigation and conduct
|
(159)
|
(201)
|
21
|
|
Litigation and conduct1
|
(1,585)
|
(76)
|
|
|
Operating expenses
|
(1,744)
|
(277)
|
|
|
Other net expenses
|
(9)
|
(186)
|
95
|
|
Loss before tax
|
(2,006)
|
(469)
|
|
|
Attributable loss
|
(1,969)
|
(497)
|
|
|
|
|
|
|
|
|
As at 30.09.18
|
As at 31.12.17
|
As at 30.09.17
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
Total assets
|
18.6
|
39.7
|
51.7
|
|
Risk weighted assets
|
26.8
|
31.8
|
36.1
|
|
Period end allocated tangible equity
|
4.2
|
10.0
|
10.4
|
|
|
|
|
|
|
|
Nine months ended
|
Nine months ended
|
|
|
Performance measures
|
30.09.18
|
30.09.17
|
|
|
Average allocated tangible equity (£bn)
|
3.2
|
9.0
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
% Change
|
|
Loss before tax
|
(421)
|
(393)
|
(7)
|
|
Attributable loss
|
(427)
|
(424)
|
(1)
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Barclays Group
|
|
|
|
|
|
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q2171
|
Q1171
|
|
Q4161
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
2,388
|
2,190
|
2,188
|
|
2,272
|
2,475
|
2,579
|
2,519
|
|
2,523
|
|
Net fee, commission and other income
|
2,741
|
3,386
|
3,170
|
|
2,750
|
2,698
|
2,479
|
3,304
|
|
2,469
|
|
Total income
|
5,129
|
5,576
|
5,358
|
|
5,022
|
5,173
|
5,058
|
5,823
|
|
4,992
|
|
Credit impairment charges and other provisions
|
(254)
|
(283)
|
(288)
|
|
(573)
|
(709)
|
(527)
|
(527)
|
|
(653)
|
|
Net operating income
|
4,875
|
5,293
|
5,070
|
|
4,449
|
4,464
|
4,531
|
5,296
|
|
4,339
|
|
Operating expenses excluding UK bank levy and litigation and
conduct
|
(3,329)
|
(3,310)
|
(3,364)
|
|
(3,621)
|
(3,274)
|
(3,398)
|
(3,591)
|
|
(3,812)
|
|
UK bank levy
|
-
|
-
|
-
|
|
(365)
|
-
|
-
|
-
|
|
(410)
|
|
Litigation and conduct2
|
(105)
|
(81)
|
(1,961)
|
|
(383)
|
(81)
|
(715)
|
(28)
|
|
(97)
|
|
Operating expenses
|
(3,434)
|
(3,391)
|
(5,325)
|
|
(4,369)
|
(3,355)
|
(4,113)
|
(3,619)
|
|
(4,319)
|
|
Other net income/(expenses)
|
20
|
(7)
|
19
|
|
13
|
(2)
|
241
|
5
|
|
310
|
|
Profit/(loss) before tax
|
1,461
|
1,895
|
(236)
|
|
93
|
1,107
|
659
|
1,682
|
|
330
|
|
Tax (charge)/credit
|
(240)
|
(433)
|
(304)
|
|
(1,138)
|
(324)
|
(305)
|
(473)
|
|
50
|
|
Profit/(loss) after tax in respect of continuing
operations
|
1,221
|
1,462
|
(540)
|
|
(1,045)
|
783
|
354
|
1,209
|
|
380
|
|
(Loss)/profit after tax in respect of discontinued
operation
|
-
|
-
|
-
|
|
-
|
-
|
(1,537)
|
(658)
|
|
71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary equity holders of the parent
|
1,002
|
1,232
|
(764)
|
|
(1,294)
|
583
|
(1,401)
|
190
|
|
99
|
|
Other equity instrument holders
|
176
|
175
|
171
|
|
181
|
157
|
162
|
139
|
|
139
|
|
Non-controlling interests in respect of continuing
operations
|
43
|
55
|
53
|
|
68
|
43
|
59
|
79
|
|
90
|
|
Non-controlling interests in respect of discontinued
operation
|
-
|
-
|
-
|
|
-
|
-
|
(3)
|
143
|
|
123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Total assets
|
1,170.8
|
1,149.6
|
1,142.2
|
|
1,133.2
|
1,149.3
|
1,135.3
|
1,203.8
|
|
1,213.1
|
|
Tangible net asset value per share
|
260p
|
259p
|
251p
|
|
276p
|
281p
|
284p
|
292p
|
|
290p
|
|
Risk weighted assets
|
316.2
|
319.3
|
317.9
|
|
313.0
|
324.3
|
327.4
|
360.9
|
|
365.6
|
|
Average UK leverage exposure
|
1,119.0
|
1,081.8
|
1,089.9
|
|
1,044.6
|
1,035.1
|
1,092.2
|
1,130.4
|
|
1,137.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Return on average tangible shareholders' equity
|
9.4%
|
11.8%
|
(6.5%)
|
|
(10.3%)
|
5.1%
|
(11.0%)
|
1.8%
|
|
1.1%
|
|
Average tangible shareholders' equity (£bn)
|
44.6
|
43.5
|
44.2
|
|
48.1
|
48.9
|
49.3
|
49.4
|
|
48.9
|
|
Cost: income ratio
|
67%
|
61%
|
99%
|
|
87%
|
65%
|
81%
|
62%
|
|
87%
|
|
Loan loss rate (bps)
|
30
|
35
|
36
|
|
56
|
66
|
49
|
47
|
|
58
|
|
Basic earnings/(loss) per share
|
6.1p
|
7.5p
|
(4.2p)
|
|
(7.3p)
|
3.7p
|
(8.0p)
|
1.3p
|
|
0.8p
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct2
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
1,566
|
1,976
|
1,725
|
|
476
|
1,188
|
1,374
|
1,710
|
|
427
|
|
Attributable profit/(loss)
|
1,087
|
1,291
|
1,166
|
|
(943)
|
660
|
(698)
|
209
|
|
151
|
|
Return on average tangible shareholders' equity
|
10.2%
|
12.3%
|
11.0%
|
|
(7.4%)
|
5.7%
|
(5.3%)
|
2.0%
|
|
1.6%
|
|
Cost: income ratio
|
65%
|
59%
|
63%
|
|
79%
|
63%
|
67%
|
62%
|
|
85%
|
|
Basic earnings/(loss) per share
|
6.6p
|
7.8p
|
7.1p
|
|
(5.3p)
|
4.1p
|
(3.8p)
|
1.5p
|
|
1.1p
|
|
1
|
Results included Barclays Non-Core and the Africa Banking
discontinued operation; refer to pages 21 to 22 for further
detail.
|
|
2
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Barclays UK
|
|
|
|
|
|
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
1,529
|
1,493
|
1,493
|
|
1,540
|
1,501
|
1,534
|
1,511
|
|
1,502
|
|
Net fee, commission and other income
|
367
|
343
|
295
|
|
330
|
351
|
286
|
330
|
|
326
|
|
Total income
|
1,896
|
1,836
|
1,788
|
|
1,870
|
1,852
|
1,820
|
1,841
|
|
1,828
|
|
Credit impairment charges and other provisions
|
(115)
|
(214)
|
(201)
|
|
(184)
|
(201)
|
(220)
|
(178)
|
|
(180)
|
|
Net operating income
|
1,781
|
1,622
|
1,587
|
|
1,686
|
1,651
|
1,600
|
1,663
|
|
1,648
|
|
Operating expenses excluding UK bank levy and litigation and
conduct
|
(988)
|
(968)
|
(1,005)
|
|
(1,117)
|
(980)
|
(974)
|
(959)
|
|
(989)
|
|
UK bank levy
|
-
|
-
|
-
|
|
(59)
|
-
|
-
|
-
|
|
(48)
|
|
Litigation and conduct1
|
(54)
|
(3)
|
(411)
|
|
(53)
|
(11)
|
(699)
|
4
|
|
(28)
|
|
Operating expenses
|
(1,042)
|
(971)
|
(1,416)
|
|
(1,229)
|
(991)
|
(1,673)
|
(955)
|
|
(1,065)
|
|
Other net income/(expenses)
|
1
|
5
|
(1)
|
|
(5)
|
1
|
(1)
|
-
|
|
-
|
|
Profit/(loss) before tax
|
740
|
656
|
170
|
|
452
|
661
|
(74)
|
708
|
|
583
|
|
Attributable profit/(loss)
|
500
|
464
|
(38)
|
|
245
|
423
|
(285)
|
470
|
|
383
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Loans and advances to customers at amortised cost
|
186.7
|
185.3
|
184.3
|
|
183.8
|
182.2
|
166.6
|
164.5
|
|
166.4
|
|
Total assets
|
252.0
|
245.9
|
235.2
|
|
237.4
|
230.4
|
203.4
|
203.0
|
|
209.6
|
|
Customer deposits at amortised cost
|
195.8
|
194.3
|
192.0
|
|
193.4
|
189.3
|
187.4
|
184.4
|
|
189.0
|
|
Loan: deposit ratio
|
96%
|
96%
|
96%
|
|
95%
|
97%
|
89%
|
90%
|
|
89%
|
|
Risk weighted assets
|
74.8
|
75.0
|
72.5
|
|
70.9
|
70.0
|
66.1
|
66.3
|
|
67.5
|
|
Period end allocated tangible equity
|
10.1
|
10.2
|
9.8
|
|
9.6
|
9.5
|
8.6
|
8.8
|
|
8.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
20.1%
|
18.8%
|
(1.1%)
|
|
10.7%
|
18.4%
|
(12.7%)
|
21.6%
|
|
18.2%
|
|
Average allocated tangible equity (£bn)
|
10.1
|
10.1
|
9.8
|
|
9.6
|
9.4
|
8.7
|
8.9
|
|
8.6
|
|
Cost: income ratio
|
55%
|
53%
|
79%
|
|
66%
|
54%
|
92%
|
52%
|
|
58%
|
|
Loan loss rate (bps)
|
24
|
45
|
43
|
|
39
|
43
|
52
|
43
|
|
42
|
|
Net interest margin
|
3.22%
|
3.22%
|
3.27%
|
|
3.32%
|
3.28%
|
3.70%
|
3.69%
|
|
3.56%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
794
|
659
|
581
|
|
505
|
672
|
625
|
704
|
|
611
|
|
Attributable profit
|
548
|
465
|
373
|
|
282
|
431
|
406
|
467
|
|
380
|
|
Return on average allocated tangible equity
|
22.0%
|
18.8%
|
15.7%
|
|
12.3%
|
18.7%
|
19.1%
|
21.5%
|
|
18.0%
|
|
Cost: income ratio
|
52%
|
53%
|
56%
|
|
63%
|
53%
|
54%
|
52%
|
|
57%
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Analysis of Barclays UK
|
|
|
|
|
|
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Analysis of total income
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Personal Banking
|
1,021
|
1,015
|
972
|
|
1,116
|
1,022
|
1,033
|
1,043
|
|
1,045
|
|
Barclaycard Consumer UK
|
551
|
504
|
527
|
|
445
|
539
|
495
|
498
|
|
507
|
|
Business Banking
|
324
|
317
|
289
|
|
309
|
291
|
292
|
300
|
|
276
|
|
Total income
|
1,896
|
1,836
|
1,788
|
|
1,870
|
1,852
|
1,820
|
1,841
|
|
1,828
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of credit impairment (charges)/releases and other
provisions
|
|
|
|
|
|
|
|
|
|
|
|
Personal Banking
|
(8)
|
(49)
|
(72)
|
|
(56)
|
(57)
|
(60)
|
(48)
|
|
(54)
|
|
Barclaycard Consumer UK
|
(88)
|
(139)
|
(113)
|
|
(124)
|
(145)
|
(149)
|
(123)
|
|
(118)
|
|
Business Banking
|
(19)
|
(26)
|
(16)
|
|
(4)
|
1
|
(11)
|
(7)
|
|
(8)
|
|
Total credit impairment charges and other provisions
|
(115)
|
(214)
|
(201)
|
|
(184)
|
(201)
|
(220)
|
(178)
|
|
(180)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of loans and advances to customers at amortised
cost
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Personal Banking
|
145.4
|
143.6
|
142.1
|
|
141.3
|
140.4
|
138.6
|
136.6
|
|
138.5
|
|
Barclaycard Consumer UK
|
15.3
|
15.2
|
15.2
|
|
16.4
|
16.3
|
16.2
|
16.1
|
|
16.5
|
|
Business Banking
|
26.0
|
26.5
|
27.0
|
|
26.1
|
25.5
|
11.8
|
11.8
|
|
11.4
|
|
Total loans and advances to customers at amortised
cost
|
186.7
|
185.3
|
184.3
|
|
183.8
|
182.2
|
166.6
|
164.5
|
|
166.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Analysis of customer deposits at amortised cost
|
|
|
|
|
|
|
|
|
|
|
|
Personal Banking
|
153.4
|
152.9
|
151.9
|
|
153.1
|
152.1
|
151.1
|
149.2
|
|
156.3
|
|
Barclaycard Consumer UK
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
-
|
|
Business Banking
|
42.4
|
41.4
|
40.1
|
|
40.3
|
37.2
|
36.3
|
35.2
|
|
32.7
|
|
Total customer deposits at amortised cost
|
195.8
|
194.3
|
192.0
|
|
193.4
|
189.3
|
187.4
|
184.4
|
|
189.0
|
|
Barclays International
|
|
|
|
|
|
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
965
|
853
|
1,013
|
|
987
|
1,148
|
1,060
|
1,112
|
|
1,046
|
|
Net trading income
|
1,103
|
1,094
|
1,416
|
|
935
|
815
|
1,039
|
1,182
|
|
1,131
|
|
Net fee, commission and other income
|
1,222
|
1,760
|
1,379
|
|
1,397
|
1,352
|
1,511
|
1,844
|
|
1,415
|
|
Total income
|
3,290
|
3,707
|
3,808
|
|
3,319
|
3,315
|
3,610
|
4,138
|
|
3,592
|
|
Credit impairment charges and other provisions
|
(143)
|
(68)
|
(93)
|
|
(386)
|
(495)
|
(279)
|
(346)
|
|
(426)
|
|
Net operating income
|
3,147
|
3,639
|
3,715
|
|
2,933
|
2,820
|
3,331
|
3,792
|
|
3,166
|
|
Operating expenses excluding UK bank levy and litigation and
conduct
|
(2,277)
|
(2,306)
|
(2,300)
|
|
(2,428)
|
(2,182)
|
(2,276)
|
(2,435)
|
|
(2,497)
|
|
UK bank levy
|
-
|
-
|
-
|
|
(265)
|
-
|
-
|
-
|
|
(284)
|
|
Litigation and conduct1
|
(32)
|
(47)
|
(15)
|
|
(255)
|
(5)
|
4
|
(13)
|
|
(17)
|
|
Operating expenses
|
(2,309)
|
(2,353)
|
(2,315)
|
|
(2,948)
|
(2,187)
|
(2,272)
|
(2,448)
|
|
(2,798)
|
|
Other net income
|
12
|
11
|
13
|
|
21
|
19
|
202
|
12
|
|
5
|
|
Profit before tax
|
850
|
1,297
|
1,413
|
|
6
|
652
|
1,261
|
1,356
|
|
373
|
|
Attributable profit/(loss)
|
650
|
890
|
973
|
|
(1,168)
|
359
|
819
|
837
|
|
43
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Loans and advances at amortised cost
|
132.4
|
125.5
|
117.5
|
|
126.8
|
134.4
|
135.2
|
145.5
|
|
153.7
|
|
Trading portfolio assets
|
124.6
|
116.5
|
114.9
|
|
113.0
|
91.2
|
83.3
|
83.0
|
|
73.2
|
|
Derivative financial instrument assets
|
214.8
|
228.2
|
214.1
|
|
236.2
|
242.8
|
108.4
|
105.3
|
|
156.2
|
|
Derivative financial instrument liabilities
|
213.7
|
224.9
|
210.8
|
|
237.8
|
242.9
|
116.8
|
112.8
|
|
160.6
|
|
Financial assets at fair value through the income
statement
|
147.8
|
141.2
|
150.6
|
|
104.1
|
103.7
|
94.1
|
81.3
|
|
62.3
|
|
Total assets
|
900.2
|
886.5
|
866.6
|
|
856.1
|
867.1
|
681.6
|
677.2
|
|
648.5
|
|
Deposits at amortised cost
|
200.3
|
191.0
|
167.2
|
|
187.3
|
191.9
|
192.0
|
189.4
|
|
184.7
|
|
Loan: deposit ratio
|
66%
|
66%
|
70%
|
|
68%
|
70%
|
70%
|
77%
|
|
83%
|
|
Risk weighted assets
|
214.6
|
218.0
|
214.2
|
|
210.3
|
218.2
|
212.2
|
214.3
|
|
212.7
|
|
Period end allocated tangible equity
|
30.2
|
30.5
|
30.0
|
|
27.5
|
28.0
|
26.8
|
27.1
|
|
25.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
8.8%
|
11.8%
|
13.4%
|
|
(15.9%)
|
5.4%
|
12.4%
|
12.5%
|
|
1.0%
|
|
Average allocated tangible equity (£bn)
|
31.1
|
31.4
|
30.1
|
|
28.5
|
28.9
|
27.4
|
27.7
|
|
26.6
|
|
Cost: income ratio
|
70%
|
63%
|
61%
|
|
89%
|
66%
|
63%
|
59%
|
|
78%
|
|
Loan loss rate (bps)
|
41
|
22
|
31
|
|
76
|
88
|
54
|
62
|
|
78
|
|
Net interest margin
|
3.87%
|
4.03%
|
4.57%
|
|
4.31%
|
4.21%
|
4.07%
|
4.06%
|
|
3.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
882
|
1,344
|
1,428
|
|
261
|
657
|
1,257
|
1,369
|
|
390
|
|
Attributable profit/(loss)
|
676
|
924
|
985
|
|
(918)
|
363
|
816
|
846
|
|
57
|
|
Return on average allocated tangible equity
|
9.2%
|
12.2%
|
13.6%
|
|
(12.4%)
|
5.5%
|
12.3%
|
12.6%
|
|
1.2%
|
|
Cost: income ratio
|
69%
|
62%
|
60%
|
|
81%
|
66%
|
63%
|
59%
|
|
77%
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Analysis of Barclays International
|
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and Investment Bank
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
FICC
|
688
|
736
|
869
|
|
607
|
627
|
752
|
889
|
|
766
|
|
Equities
|
471
|
601
|
590
|
|
362
|
350
|
455
|
462
|
|
410
|
|
Markets
|
1,159
|
1,337
|
1,459
|
|
969
|
977
|
1,207
|
1,351
|
|
1,176
|
|
Banking fees
|
519
|
704
|
683
|
|
605
|
607
|
674
|
726
|
|
650
|
|
Corporate lending
|
197
|
198
|
240
|
|
269
|
277
|
278
|
269
|
|
303
|
|
Transaction banking
|
416
|
385
|
414
|
|
408
|
419
|
404
|
398
|
|
401
|
|
Banking
|
1,132
|
1,287
|
1,337
|
|
1,282
|
1,303
|
1,356
|
1,393
|
|
1,354
|
|
Other
|
(56)
|
(44)
|
3
|
|
1
|
-
|
1
|
38
|
|
1
|
|
Total income
|
2,235
|
2,580
|
2,799
|
|
2,252
|
2,280
|
2,564
|
2,782
|
|
2,531
|
|
Credit impairment releases/(charges) and other
provisions
|
3
|
23
|
159
|
|
(127)
|
(36)
|
1
|
(51)
|
|
(90)
|
|
Net operating income
|
2,238
|
2,603
|
2,958
|
|
2,125
|
2,244
|
2,565
|
2,731
|
|
2,441
|
|
Operating expenses excluding litigation and conduct
|
(1,712)
|
(1,773)
|
(1,773)
|
|
(2,129)
|
(1,656)
|
(1,760)
|
(1,930)
|
|
(2,272)
|
|
Litigation and conduct1
|
(32)
|
-
|
(13)
|
|
(255)
|
(5)
|
4
|
(11)
|
|
(15)
|
|
Operating expenses
|
(1,744)
|
(1,773)
|
(1,786)
|
|
(2,384)
|
(1,661)
|
(1,756)
|
(1,941)
|
|
(2,287)
|
|
Other net income
|
4
|
5
|
3
|
|
7
|
10
|
116
|
-
|
|
1
|
|
Profit/(loss) before tax
|
498
|
835
|
1,175
|
|
(252)
|
593
|
925
|
790
|
|
155
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Loans and advances at amortised cost
|
93.3
|
87.8
|
81.3
|
|
88.2
|
95.4
|
96.7
|
106.8
|
|
114.0
|
|
Deposits at amortised cost
|
137.6
|
130.3
|
107.6
|
|
128.0
|
133.4
|
134.1
|
131.0
|
|
134.0
|
|
Risk weighted assets
|
175.9
|
180.4
|
181.3
|
|
176.2
|
185.2
|
178.9
|
180.6
|
|
178.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
6.6%
|
9.1%
|
13.0%
|
|
(20.2%)
|
5.9%
|
11.1%
|
8.2%
|
|
(1.2%)
|
|
Average allocated tangible equity (£bn)
|
25.9
|
26.4
|
25.6
|
|
24.3
|
24.8
|
23.3
|
23.5
|
|
22.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
530
|
835
|
1,188
|
|
3
|
598
|
921
|
801
|
|
170
|
|
Return on average allocated tangible equity
|
7.0%
|
9.1%
|
13.2%
|
|
(16.1%)
|
6.0%
|
11.1%
|
8.3%
|
|
(0.9%)
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Analysis of Barclays International
|
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer, Cards and Payments
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Total income
|
1,055
|
1,127
|
1,009
|
|
1,067
|
1,035
|
1,046
|
1,356
|
|
1,061
|
|
Credit impairment charges and other provisions
|
(146)
|
(91)
|
(252)
|
|
(259)
|
(459)
|
(280)
|
(295)
|
|
(336)
|
|
Net operating income
|
909
|
1,036
|
757
|
|
808
|
576
|
766
|
1,061
|
|
725
|
|
Operating expenses excluding litigation and conduct
|
(565)
|
(533)
|
(527)
|
|
(564)
|
(526)
|
(516)
|
(505)
|
|
(509)
|
|
Litigation and conduct1
|
-
|
(47)
|
(2)
|
|
-
|
-
|
-
|
(2)
|
|
(2)
|
|
Operating expenses
|
(565)
|
(580)
|
(529)
|
|
(564)
|
(526)
|
(516)
|
(507)
|
|
(511)
|
|
Other net income
|
8
|
6
|
10
|
|
14
|
9
|
86
|
12
|
|
4
|
|
Profit before tax
|
352
|
462
|
238
|
|
258
|
59
|
336
|
566
|
|
218
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Loans and advances at amortised cost
|
39.1
|
37.7
|
36.2
|
|
38.6
|
39.0
|
38.5
|
38.7
|
|
39.7
|
|
Deposits at amortised cost
|
62.7
|
60.7
|
59.6
|
|
59.3
|
58.5
|
57.9
|
58.4
|
|
50.7
|
|
Risk weighted assets
|
38.7
|
37.6
|
32.9
|
|
34.1
|
33.0
|
33.3
|
33.7
|
|
34.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Return on average allocated tangible equity
|
19.8%
|
26.2%
|
15.6%
|
|
8.9%
|
2.2%
|
19.4%
|
36.4%
|
|
13.2%
|
|
Average allocated tangible equity (£bn)
|
5.2
|
5.0
|
4.5
|
|
4.2
|
4.2
|
4.1
|
4.2
|
|
4.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct1
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Profit before tax
|
352
|
509
|
240
|
|
258
|
59
|
336
|
568
|
|
220
|
|
Return on average allocated tangible equity
|
19.9%
|
28.9%
|
15.7%
|
|
9.0%
|
2.2%
|
19.4%
|
36.5%
|
|
13.3%
|
|
1
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Head Office
|
|
|
|
|
|
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
(106)
|
(156)
|
(318)
|
|
(254)
|
(174)
|
108
|
(115)
|
|
29
|
|
Net fee, commission and other income1
|
49
|
189
|
80
|
|
87
|
180
|
(24)
|
33
|
|
(38)
|
|
Total income
|
(57)
|
33
|
(238)
|
|
(167)
|
6
|
84
|
(82)
|
|
(9)
|
|
Credit impairment releases/(charges) and other
provisions
|
4
|
(1)
|
6
|
|
(3)
|
(13)
|
(1)
|
-
|
|
-
|
|
Net operating (expenses)/income
|
(53)
|
32
|
(232)
|
|
(170)
|
(7)
|
83
|
(82)
|
|
(9)
|
|
Operating expenses excluding UK bank levy and litigation and
conduct
|
(64)
|
(36)
|
(59)
|
|
(76)
|
(112)
|
(40)
|
(49)
|
|
15
|
|
UK bank levy
|
-
|
-
|
-
|
|
(41)
|
-
|
-
|
-
|
|
(2)
|
|
Litigation and conduct2
|
(19)
|
(31)
|
(1,535)
|
|
(75)
|
(65)
|
(1)
|
(10)
|
|
(1)
|
|
Operating expenses
|
(83)
|
(67)
|
(1,594)
|
|
(192)
|
(177)
|
(41)
|
(59)
|
|
12
|
|
Other net income/(expenses)
|
7
|
(23)
|
7
|
|
(3)
|
(22)
|
(164)
|
-
|
|
159
|
|
(Loss)/profit before tax
|
(129)
|
(58)
|
(1,819)
|
|
(365)
|
(206)
|
(122)
|
(141)
|
|
162
|
|
Attributable (loss)/profit
|
(148)
|
(122)
|
(1,699)
|
|
(371)
|
(199)
|
(175)
|
(123)
|
|
223
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Total assets
|
18.6
|
17.2
|
40.4
|
|
39.7
|
51.7
|
17.3
|
74.5
|
|
75.2
|
|
Risk weighted assets
|
26.8
|
26.3
|
31.2
|
|
31.8
|
36.1
|
26.2
|
52.9
|
|
53.3
|
|
Period end allocated tangible equity
|
4.2
|
3.6
|
3.0
|
|
10.0
|
10.4
|
9.0
|
8.8
|
|
9.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures
|
|
|
|
|
|
|
|
|
|
|
|
Average allocated tangible equity (£bn)
|
3.4
|
2.0
|
4.3
|
|
10.0
|
10.5
|
8.8
|
7.6
|
|
7.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance measures excluding
litigation and conduct2
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
(Loss)/profit before tax
|
(110)
|
(27)
|
(284)
|
|
(290)
|
(141)
|
(121)
|
(131)
|
|
163
|
|
Attributable (loss)/profit
|
(137)
|
(98)
|
(192)
|
|
(307)
|
(134)
|
(174)
|
(116)
|
|
224
|
|
1
|
Following the early adoption of the own credit provisions of IFRS
9, Financial Instruments on 1 January 2017, own credit, which was
previously reported in net fee, commission and other income, is
recognised within other comprehensive income from
Q117.
|
|
2
|
Refer to pages 38 to 46 for further information and calculations of
performance measures excluding litigation and conduct.
|
|
Barclays Non-Core
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.17
|
|
Income statement information
|
£m
|
£m
|
|
Net interest income
|
-
|
(112)
|
|
Net trading income
|
-
|
(488)
|
|
Net fee, commission and other income
|
-
|
70
|
|
Total income
|
-
|
(530)
|
|
Credit impairment charges and other provisions
|
-
|
(30)
|
|
Net operating expenses
|
-
|
(560)
|
|
Operating expenses excluding litigation and conduct
|
-
|
(256)
|
|
Litigation and conduct
|
-
|
(28)
|
|
Operating expenses
|
-
|
(284)
|
|
Other net income
|
-
|
197
|
|
Loss before tax
|
-
|
(647)
|
|
Attributable loss
|
-
|
(419)
|
|
|
|
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q217
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
-
|
-
|
-
|
|
-
|
-
|
(123)
|
11
|
|
(54)
|
|
Net trading income
|
-
|
-
|
-
|
|
-
|
-
|
(411)
|
(77)
|
|
(462)
|
|
Net fee, commission and other income
|
-
|
-
|
-
|
|
-
|
-
|
78
|
(8)
|
|
97
|
|
Total income
|
-
|
-
|
-
|
|
-
|
-
|
(456)
|
(74)
|
|
(419)
|
|
Credit impairment charges and other provisions
|
-
|
-
|
-
|
|
-
|
-
|
(27)
|
(3)
|
|
(47)
|
|
Net operating expenses
|
-
|
-
|
-
|
|
-
|
-
|
(483)
|
(77)
|
|
(466)
|
|
Operating expenses excluding UK bank levy and litigation and
conduct
|
-
|
-
|
-
|
|
-
|
-
|
(108)
|
(148)
|
|
(341)
|
|
UK bank levy
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
(76)
|
|
Litigation and conduct
|
-
|
-
|
-
|
|
-
|
-
|
(19)
|
(9)
|
|
(51)
|
|
Operating expenses
|
-
|
-
|
-
|
|
-
|
-
|
(127)
|
(157)
|
|
(468)
|
|
Other net income/(expenses)
|
-
|
-
|
-
|
|
-
|
-
|
204
|
(7)
|
|
146
|
|
Loss before tax
|
-
|
-
|
-
|
|
-
|
-
|
(406)
|
(241)
|
|
(788)
|
|
Tax credit
|
-
|
-
|
-
|
|
-
|
-
|
207
|
75
|
|
322
|
|
Loss after tax
|
-
|
-
|
-
|
|
-
|
-
|
(199)
|
(166)
|
|
(466)
|
|
Non-controlling interests
|
-
|
-
|
-
|
|
-
|
-
|
(8)
|
(9)
|
|
(14)
|
|
Other equity instrument holders
|
-
|
-
|
-
|
|
-
|
-
|
(19)
|
(18)
|
|
(18)
|
|
Attributable loss
|
-
|
-
|
-
|
|
-
|
-
|
(226)
|
(193)
|
|
(498)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Loans and advances to banks and customers at amortised
cost
|
-
|
-
|
-
|
|
-
|
-
|
48.3
|
49.5
|
|
51.1
|
|
Derivative financial instrument assets
|
-
|
-
|
-
|
|
-
|
-
|
150.3
|
164.2
|
|
188.7
|
|
Derivative financial instrument liabilities
|
-
|
-
|
-
|
|
-
|
-
|
143.0
|
155.3
|
|
178.6
|
|
Reverse repurchase agreements and other similar secured
lending
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
0.1
|
|
Financial assets designated at fair value
|
-
|
-
|
-
|
|
-
|
-
|
12.1
|
13.4
|
|
14.5
|
|
Total assets
|
-
|
-
|
-
|
|
-
|
-
|
233.0
|
249.1
|
|
279.7
|
|
Customer deposits
|
-
|
-
|
-
|
|
-
|
-
|
11.8
|
12.9
|
|
12.5
|
|
Risk weighted assets
|
-
|
-
|
-
|
|
-
|
-
|
22.8
|
27.4
|
|
32.1
|
|
Africa Banking
|
Nine months ended
|
Nine months ended
|
|
|
30.09.18
|
30.09.171
|
|
Income statement information
|
£m
|
£m
|
|
Net interest income`
|
-
|
1,024
|
|
Net fee, commission and other income
|
-
|
762
|
|
Total income
|
-
|
1,786
|
|
Credit impairment charges and other provisions
|
-
|
(177)
|
|
Net operating income
|
-
|
1,609
|
|
Operating expenses excluding impairment of Barclays' holding in
BAGL
|
-
|
(1,130)
|
|
Other net income excluding loss on sale of BAGL
|
-
|
5
|
|
Profit before tax excluding impairment of Barclays' holding in BAGL
and loss on sale of BAGL
|
-
|
484
|
|
Impairment of Barclays' holding in BAGL
|
-
|
(1,090)
|
|
Loss on sale of BAGL
|
-
|
(1,435)
|
|
Loss before tax
|
-
|
(2,041)
|
|
Tax charge
|
-
|
(154)
|
|
Loss after tax
|
-
|
(2,195)
|
|
Attributable loss
|
-
|
(2,335)
|
|
1
|
The Africa Banking income statement represents five months of
results as a discontinued operation to 31 May 2017.
|
|
|
Q318
|
Q218
|
Q118
|
|
Q417
|
Q317
|
Q2171
|
Q117
|
|
Q416
|
|
Income statement information
|
£m
|
£m
|
£m
|
|
£m
|
£m
|
£m
|
£m
|
|
£m
|
|
Net interest income
|
-
|
-
|
-
|
|
-
|
-
|
407
|
617
|
|
626
|
|
Net fee, commission and other income
|
-
|
-
|
-
|
|
-
|
-
|
297
|
465
|
|
441
|
|
Total income
|
-
|
-
|
-
|
|
-
|
-
|
704
|
1,082
|
|
1,067
|
|
Credit impairment charges and other provisions
|
-
|
-
|
-
|
|
-
|
-
|
(71)
|
(106)
|
|
(105)
|
|
Net operating income
|
-
|
-
|
-
|
|
-
|
-
|
633
|
976
|
|
962
|
|
Operating expenses excluding UK bank levy and impairment of
Barclays' holding in BAGL
|
-
|
-
|
-
|
|
-
|
-
|
(477)
|
(653)
|
|
(727)
|
|
UK bank levy
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
(65)
|
|
Other net income excluding loss on sale of BAGL
|
-
|
-
|
-
|
|
-
|
-
|
3
|
2
|
|
2
|
|
Profit before tax excluding impairment of Barclays' holding in BAGL
and loss on sale of BAGL
|
-
|
-
|
-
|
|
-
|
-
|
159
|
325
|
|
172
|
|
Impairment of Barclays' holding in BAGL
|
-
|
-
|
-
|
|
-
|
-
|
(206)
|
(884)
|
|
-
|
|
Loss on sale of BAGL
|
-
|
-
|
-
|
|
-
|
-
|
(1,435)
|
-
|
|
-
|
|
(Loss)/profit before tax
|
-
|
-
|
-
|
|
-
|
-
|
(1,482)
|
(559)
|
|
172
|
|
(Loss)/profit after tax
|
-
|
-
|
-
|
|
-
|
-
|
(1,537)
|
(658)
|
|
71
|
|
Attributable loss
|
-
|
-
|
-
|
|
-
|
-
|
(1,534)
|
(801)
|
|
(52)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance sheet information
|
£bn
|
£bn
|
£bn
|
|
£bn
|
£bn
|
£bn
|
£bn
|
|
£bn
|
|
Total assets
|
-
|
-
|
-
|
|
-
|
-
|
-
|