FY 2022 Results
FY22 Impairment: Expect to normalise towards historical LLRs
Balance sheet provisions for ECL¹ (£bn)
LLR2 (bps)
6.4
6.2
0.3
(0.4)
(0.1)
Other ECL
1.2
1.1
Economic
0.3
0.7
uncertainty
adjustments
Model ECL
4.5
53
4.8
57
57
55
44
138
30
Q322
Model ECL Economic
uncertainty
adjustments
Other ECL
Q422
(18)
Baseline macroeconomic
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
variables (MEVs) (%)
Credit impairment charge/(release) (£bn):
UK GDP growth
(0.8)
0.9
1.8
2.4
2.3
1.5
1.9
4.8
(0.7)
1.2
UK unemployment
4.5
4.4
4.1
US GDP growth
0.5
1.2
1.5
US unemployment
4.3
4.7
4.7
Expect an LLR of 50-60bps in 2023, based on
the current macroeconomic outlook
1 Expected Credit Losses (ECL) | 2 Loan Loss Rate (LLR) is quoted in basis points and represents total impairment charges divided by gross loans and advances held at amortised cost at the balance sheet date |
13 | Barclays FY 2022 Results | 15 February 2023
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