FY 2022 Results
Q422 Barclays International Financial Highlights
Three months ended (Em)
Income
-Operating costs
-Bank levy
Dec-22 Dec-21% change
3,862 3,510 +10%
(2,543) (2,160) -18%
(133) (134) +1%
(67) (84) +20%
(2,743) (2,378) -15%
+67%
-1%
-Litigation and conduct
Total operating expenses
Other net income
Profit before impairment
Credit impairment charges
(328)
Profit before tax
Attributable profit
796
625
5
3
1,124 1,135
(23)
1,112 -28%
818 -24%
Performance measures
Dec-22 Sep-22 Dec-21
6.4% 11.6% 9.9%
£38.9bn £39.1bn £32.9bn
71% 59% 68%
75bps 62bps 7bps
5.71% 5.58% 4.14%
ROTE
Average allocated tangible equity
Cost: income ratio
Loan loss rate
NIM
Balance sheet and capital
RWAS
Dec-22 Sep-22 Dec-21
£254.8bn £269.3bn £230.9bn
Income up 10%
Diversified income profile across businesses and geographies
13% appreciation of average USD against GBP was a tailwind to income and profits, and a
headwind to impairment and costs
Costs up 15% mainly driven by investment in talent, systems and technology, and the impact
of inflation
Operating costs (which exclude L&C and bank levy) up 18%
Impairment charge of £0.3bn driven by the deteriorating macroeconomic forecast and
reflecting an increase in modelled impairment and single name charges in the CIB and higher
balances in US cards, including the acquisition of the Gap portfolio
RWAs decreased £14.5bn QoQ to £254.8bn mainly driven by FX
43 | Barclays FY 2022 Results | 15 February 2023
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