Barclays H1 2022 Results
Statutory PBT of £3.7bn and ROTE of 10.1% in H122
Strong
operating
performance
Income
momentum
Cost discipline
Low impairment
charge
Attributable profit of £2.5bn¹ despite the net of tax impact of Over-
issuance of Securities in the US² of £(0.6)bn
Group income up 10% YoY³ with diversified strategy delivering broad-
based income growth across all businesses
Operating costs (which exclude L&C4) up 2% YoY-balancing inflation,
business growth, selective strategic investments and efficiency savings
• £0.3bn impairment charge (LLR5: 17bps) - managing credit risk in an
uncertain macro environment, with appropriate provision levels
Income
£13.2bn
Cost: income ratio
69%
PBT
£3.7bn
ROTE
10.1%
EPS
14.8p
CET1 ratio
13.6%
Strong capital
position
CET1 ratio of 13.6%, within target range of 13-14%
Increased
shareholder
distributions
·
2.25p per share half year dividend (H121: 2p per share)
Announced intention to initiate further share buyback of up to £0.5bn
TNAV
per
297p
share
Total capital return
c.5.25p equivalent
per share
1 The 6% appreciation of average USD against GBP positively impacted income and profits and adversely impacted credit impairment charges and total operating expenses | 2 Refers to the over-issuance of securities under Barclays Bank PLC's US shelf registration statements on
Form F-3 filed with the US Securities and Exchange Commission in 2018 and 2019. Please refer to the Barclays PLC Interim 2022 Results Announcement for details. This matter will be referred to as "Over-issuance of Securities" hereafter | 3 Excludes Q222 income of £758m from
hedging arrangements relating to the Over-issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 4 Litigation and conduct charges | 5 Loan loss rate |
3 | Barclays H1 2022 Results | 28 July 2022
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