FY 2022 Results
Q422 Consumer Cards & Payments Financial Highlights
-Payments
Total Income
up 46% with growth across all businesses
International Cards and Consumer Bank income up 56% driven by higher interest
income from growth in US cards balances, including Gap portfolio
Payments income up 12% driven by higher volumes and margin improvements
following the lifting of lockdown restrictions in the past year
Private Bank income up 43% reflecting improved margins and client balance growth
Total US cards balances increased 31% reflecting post pandemic recovery and acquisition of
the Gap portfolio
Three months ended (Em)
Dec-22 Dec-21% change
Income
- International Cards & Consumer Bank
860
552
+56%
- Private Bank
285
200
+43%
141
126
+12%
1,286
878
+46%
- Operating costs
(747) (598)
-25%
-Bank levy
(7)
(6)
-17%
-Litigation and conduct
(12)
(25)
+52%
Total operating expenses
(766)
(629)
-22%
Other net income
3
2
+50%
Profit before impairment
523
251
+108%
Credit impairment charges
(287)
(96)
-199%
Profit before tax
236
155
+52%
Attributable profit
171
123
+39%
Performance measures
ROTE
Average allocated tangible equity
Cost: income ratio
Loan loss rate
Dec-22 Sep-22 | Dec-21
13.0% 9.5% 11.7%
£5.2bn £5.1bn £4.2bn
60% 67% 72%
245bps 211bps 105bps
Balance sheet and capital
RWAS
Dec-22 Sep-22 | Dec-21
£38.9bn £38.7bn £30.2bn
Merchant acquiring volumes continue to recover following the easing of lockdown restrictions
Costs up 22% driven by higher investment spend and partnership costs
Impairment increased to £(0.3)bn driven by higher balances in US cards, including Gap
portfolio, the macroeconomic deterioration and the gradual increase in delinquencies, partly
offset by the utilisation of provisions held for economic uncertainty and the release of Covid-
19 related adjustments
45 | Barclays FY 2022 Results | 15 February 2023
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