FY 2022 Results
Q422 Corporate & Investment Bank Financial Highlights
Three months ended (Em)
Dec-22 Dec-21% change
Income down 2%
- FICC
976
546
+79%
- Equities
Global Markets
- Advisory
440
501
1,416
1,047
197
287
-12%
+35%
-31%
-Equity capital markets
40
158
-75%
-Debt capital markets
243
511
-52%
Investment Banking fees
480
956
-50%
-Corporate lending
(128)
176
- Transaction Banking
808
453
+78%
Corporate Bank
Total Income
- Operating costs
- Bank levy
-Litigation and conduct
Total operating expenses
Other net income
2
Profit before impairment
601
884
680
629
2,576 2,632 -2%
(1,796) (1,562) -15%
(126) (128) +2%
(55) (59) +7%
(1,977) (1,749) -13%
1
+100%
-32%
+8%
Credit impairment (charges)/releases
(41)
73
Profit before tax
560
957
Attributable profit
454
695
-41%
-35%
Performance measures
ROTE
Average allocated tangible equity
Cost: income ratio
Dec-22 Sep-22 | Dec-21
5.4% 11.9% 9.7%
£33.7bn £34.0bn £28.7bn
77%
55%
66%
Balance sheet and capital
RWA
Dec-22 | Sep-22 | Dec-21
£215.9bn £230.6bn £200.7bn
13% appreciation of average USD against GBP was a tailwind to income and profits, and a
headwind to impairment and costs
Global Markets income up 35% representing the best Q4¹ driven by higher activity, supporting
clients in volatile markets
FICC up 79% driven by strength in Macro (Rates, FX and EM)
Equities down 12% driven by Derivatives, against a strong prior year comparator
Investment Banking fees down 50%, due to lower industry wallet across all businesses²
Corporate lending income of £(128)m impacted by fair value losses on leverage finance lending
of c.£85m net of mark to market gains on related hedges, and higher costs of hedging and
credit protection
Transaction banking income up 78% driven by improved margins, deposit growth and higher
fee income
Costs up 13% driven by continued investment in talent, systems and technology, and the
impact of inflation
Impairment charge of £41m reflecting an increase in modelled impairment and single name
charges, partly offset by the benefit from credit protection
RWAs decreased £14.7bn QoQ mainly driven by FX
1 Period covering 2014-2016. Pre 2014 data was not restated following re-segmentation in 2016 | 2Industry wallet data from Dealogic as at 31 December 22 |
44 | Barclays FY 2022 Results | 15 February 2023
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