Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
& GUIDANCE
CAPITAL
MREL, FUNDING
PERFORMANCE
ASSET QUALITY
& LEVERAGE
& LIQUIDITY
CREDIT RATINGS
ESG
DIVISIONS
& LEGAL ENTITIES
APPENDIX
Q121 Barclays International: Consumer, Cards & Payments
ROTE of 16.5% driven by lower impairment, whilst continuing to invest in the business
Financial performance
Income
£0.8bn Q120: £1.0bn
Costs
£0.6bn Q120: £0.5bn
Cost: income ratio
71% Q120: 52%
Impairment
£21m Q120: £885m
Loan loss rate
27bps Q120: 846bps
PBT
£220m Q120: £(381)m
ROTE
16.5% Q120: (23.5)%
Average equity¹
£4.1bn Q120: £5.0bn
RWAS
£28.8bn Dec-20: £30.1bn
Income decreased 22% YoY reflecting lower
US cards balances and reduced payments
activity
Compared to Q420, income decreased 5%
driven by seasonality and the ongoing effects of
the UK lockdown
Total US cards receivables were down 22%
YoY and down 8% QoQ including seasonality
and elevated repayment levels, particularly in
March
Merchant acquiring volumes were impacted
by lockdown restrictions, driving lower
payments income
Q120 Q220 Q320 Q420
Q121
1,027
876
848
805
694
Total
364
Income
181
358
344
327
(£m)
663
513
518
504
478
Non-interest income
NII
US cards
End Net
Receivables
($bn)
24.7
22.0
21.0
21.0
19.3
78.2
Merchant
66.4
65.3
57.8
61.4
acquiring
39.4
25.6
Over 50% of merchant acquiring volumes
are through e-commerce channels
payments
28.1
29.9
32.2
processed
40.8
29.7
38.8
35.4
29.2
(£bn)²
In-Store
Online
846
455
Cost: income ratio increased to 71% YoY
driven by lower income and increased
investment spend
Impairment decreased to £21m reflecting
reduced US cards balances
211
286
27
Impairment
(Em) and
414
loan loss rate
(bps)
183
239
885
21
Loan loss rate
Impairment
64.9
67.3
66.8
65.3
66.0
16.3
18.0
16.9
15.6
15.3
Deposits³
(£bn)
48.6
49.3
49.9
49.7
50.7
Private Banking
International Cards
1 Average allocated tangible equity | 2 Based on the value of transactions. Includes turnover associated with Government savings products. In-store refers to all non-online transactions | 3 Includes deposits from banks and customers at amortised cost |
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