Barclays H1 2022 Results
H122 delivered positive operating cost: income jaws¹, 2
Delivering positive jaws 1,2
H122 vs. H121 Cost: income ratio bridge
64%
7.6%
-2pp
4.4%
2.3%
0.5%
2.1%
2.3%
Other costs
include:
Inflation
Net of
62%
efficiencies,
business-
related
growth and
investment
spend
H121 CIR¹ Income excl.
FX
FX
Structural
cost actions
Other L&C
Other costs
H122 CIR2 Net impact of
Over-issuance
of Securities³
69%
Statutory
H122 CIR
H222 cost drivers
Inflation
Efficiency savings
Balance sheet growth and activity
Continued targeted investments
Excludes Over-issuance of Securities³
Targeting <60% CIR over the medium term
1 Excludes L&C of £(77)m relating to Over-issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 2 Excludes net impact of Over-issuance of Securities of £(711)m. Please see slides 49-52 for details of the
adjustments made in respect of the Over-issuance of Securities | 3 Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | Note: 2021 financial metrics have been restated to reflect the impact of Over-issuance of Securities. Please
see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities |
18 | Barclays H1 2022 Results | 28 July 2022
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