Barclays H1 2022 Results slide image

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 BARCLAYS
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