FY 2022 Results
Impairment: Wholesale exposures and UK/US cards arrears rates
Wholesale and selected sector exposure
Gross loans
Wholesale lending excl.
Debt Securities (£bn)
Selected sectors (£bn/coverage ratio %)
Exposure Coverage
Wholesale excl. Debt
Securities
130.2
Financial
Institutions
41.6
Steel & Aluminium
Manufacturers
0.6
2.7%
Autos
Debt Securities
45.5
Real Estate
1.1
16.6
1.5%
1.7%
Other
50.7
Consumer
5.8
2.3%
Home Loans
174.3
Manufacturers
Discretionary Retail &
Other Retail
54.4
Selected
Sectors
7.1
1.8%
37.9
Wholesale
Passenger Travel
1.1
2.7%
Total
404.4
Total
130.2
Hospitality & Leisure
Total
5.6
37.9
2.5%
2.0%
UK cards arrears rates
c.30% of the Wholesale book is secured, increasing to >60%
for the selected sectors
c.32% synthetic protection ¹ against c.£54bn of funded on-
balance sheet exposure in the Corporate lending portfolio
c.42% synthetic protection on an exposure at default
basis for the Corporate lending portfolio
Total wholesale loans coverage ratio of 0.8% does
not reflect first loss protection
US cards arrears rates
2.0%
2.7%
1.8%
1.7% 1.7%
2.4%
2.5%
1.6%
2.3%
2.2%
1.4%
2.1%
2.0%
1.0% 0.8%
1.0% 1.0% 1.0%
1.0% 1.0%
0.8%
0.8% 0.8%
0.9%
1.5%
1.6%
1.6% 1.6%
1.4%
1.4%
1.5%
1.4%
0.6%
1.2%
1.2%
1.1%
0.3%
0.3%
0.3%
0.9%
0.2%
0.2%
0.2%
0.7%
0.8% 0.8%
0.7% 0.8%
Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422
30 days
.90 days
Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422
30 days
90 days
1 Refers to synthetic credit protection from first loss guarantees on the Corporate lending portfolio which consists of c.£54bn of funded on-balance sheet exposure. Calculation methodology for ratio has been updated and on a like for like basis would be c.29% for FY21. In terms of
credit protection, individual asset level hedges may vary, but cover a significant and diverse portion of our lending portfolio, with higher average levels of protection for selected vulnerable sectors, lower quality credits and unsecured exposure |
31 | Barclays FY 2022 Results | 15 February 2023
BARCLAYSView entire presentation