FY 2022 Results
Three months ended (£m)
Dec-22 Dec-21% change
Q422 Barclays UK Financial Highlights
up 16% YoY capturing the benefit from rising interest rates
Income
- Personal Banking
1,229
983
+25%
-Barclaycard Consumer UK
269
352
-24%
NIM increased 9bps QoQ to 3.10%
- Business Banking
472
Income
1,970 1,699
- Operating costs
- Bank levy
-Litigation and conduct
Total operating expenses
Other net income/(expense)
(1,147) (1,243)
+30%
+16%
(1,108) (1,202) +8%
(26) (36) +28%
(13) (5) -160%
+8%
364
1
(1)
Profit before impairment
824
455
+81%
- Personal Banking
(120)
8
-Barclaycard Consumer UK
Costs down 8% YoY driven by efficiency savings and non-repeat of acceleration of structural
cost actions in prior year more than offsetting inflationary and operational headwinds
Impairment charge of £157m primarily driven by a deteriorating macroeconomic forecast
Loans stable QoQ at £205.1bn
Customer deposits decreased £3.0bn QoQ largely driven by a reduction in Personal Banking
deposits. BUK maintains a strong loan: deposit ratio of 87%
(12)
114
- Business Banking
(25)
(63)
+60%
Credit impairment (charges)/releases
(157)
59
Profit before tax
667
514
+30%
Attributable profit
474
420
+13%
Performance measures
ROTE
Average allocated tangible equity
Cost: income ratio
Loan loss rate
NIM
Mortgages gross lending
Balance sheet and capital
L&A to customers at amortised cost
Customer deposits at amortised cost
Loan: deposit ratio
RWA
Dec-22 Sep-22 | Dec-21
18.7% 22.1% 16.8%
£10.2bn £9.9bn £10.0bn
58% 56% 73%
27bps 14bps (10)bps
3.10% 3.01% 2.49%
£8.2bn £7.9bn £7.1bn
3.10%
3.01%
2.71%
2.62%
2.54%
2.55%
2.49%
2.49%
Dec-22 Sep-22 Dec-21
£205.1bn £205.1bn £208.8bn
£258.0bn £261.0bn £260.6bn
87% 86%
85%
£73.1bn £73.2bn £72.3bn
Q121
Q221
Q321
Q421
Q122
Q222
Q322
Q422
BUK NIM
42 | Barclays FY 2022 Results | 15 February 2023
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