Barclays H1 2022 Results
IFRS 9 transitional relief of c.20bps as at Jun-22
Constructive regulatory action in Q220 gave greater relief for Stage 1 and 2 impairments
75% transitional relief for modified impairment post Dec-19 applied in 2022
Transitional relief schedule for static component per original schedule
Total post-tax IFRS 9 transitional relief as at Jun-22 is c.£0.6bn or c.20bps capital, flat QoQ and down c.20bps compared to Dec-21
IFRS 9 modified transitional relief applies to Stage 1 and 2 impairments
-
-
Transitional basis of capital remains the relevant measure for our capital adequacy assessment by regulators
Total post-tax IFRS 9 transitional relief reduced by c.20bps to c.20bps from 1 Jan 2022
IFRS 9 Transitional relief CET1 add-back (£bn)
2.6
Relief
Schedule
Pre-2020
2020 onwards
1.7
2020
70%
100%
1.2
1.1
2021
50%
100%
0.6
2022
25%
75%
0.6
0.6
1.1
0.9
0.3
0.3
Modified
2023
50%
0.7
0.3
0.3
Static
2024
25%
Dec-19
Dec-20
Dec-21
Mar-22
Jun-22
Note: Charts may not sum due to rounding |
44 | Barclays H1 2022 Results | 28 July 2022
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