Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
& GUIDANCE
CAPITAL
PERFORMANCE
ASSET QUALITY
& LEVERAGE
MREL, FUNDING
& LIQUIDITY
CREDIT RATINGS
ESG
DIVISIONS
& LEGAL ENTITIES
APPENDIX
Strong Q121 performance driven by continued robust CIB
income and reduced impairment charges
Diversified strategy continuing to deliver with a record quarterly Group
PBT of £2.4bn¹ delivering a RoTE of 14.7%
Continued robust CIB performance with record income in Banking
and Equities2, offset by lower FICC income vs. a strong comparative
Q121 Financial highlights
£5.9bn
Income
61%
Cost: income
ratio
Early signs of consumer recovery, although growth in
unsecured lending balances expected to lag pick-up in spend
Costs reflecting investment for growth, with higher variable
compensation and some ongoing COVID-related costs
Lower impairment charges driven by reduced unsecured lending
balances, but coverage levels maintained with total impairment
allowance of £8.8bn
Impairment
£55m
charge
£2.4bn
PBT
14.7%
ROTE
Strong balance sheet, with CET1 ratio well above 13-14% target
range
Growth opportunities, including new partnership with Gap Inc. in US
Cards and c.£900m income growth ambition across Payments
1 Since Q308 which included material adjusting items | 2 On a comparable basis. Period covering Q114-Q121. Pre 2014 financials not restated following re-segmentation in Q116 |
3
| Barclays Q1 2021 Fixed Income Investor Presentation
14.6%
CET1 ratio
267p
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