FY 2022 Results
Capital structure well managed
Capital structure and requirements
>16.7% total
capital
requirement¹
T2: ≥3.1%
AT1
headroom
AT1: ≥2.3%
CET1
headroom
20.8% total
capital ratio
Legacy T2: 0.3% (£1.1bn)
T2: 2.6%
(£8.8bn)
AT1: 3.9%
(£13.2bn)
Balanced total capital structure
•
•
•
Continue to run a robust level of AT1 capital and maintain conservative
headroom
AT1 as a proportion of RWAs may vary due to seasonal and FX driven
fluctuations, in addition to potential issuance and redemptions
Expect to hold an appropriate level of Tier 2 to meet our total capital
requirement
Following £2.4bn of maturities/calls in 2022, £1.5bn notional of BBPLC legacy
capital instruments remain outstanding, of which c.£1.4bn continues to
qualify as either Tier 2 until maturity/call or CRR II grandfathered Tier 2 to
Jun-25
CET1 MDA
hurdle: 11.3%
Dec-22 capital requirement
Barclays PLC capital call and maturity profile (£bn)²
Barclays PLC AT1 capital as at 31 December 20223
CET1: 13.9%
(£46.9bn)
3.2
2.8
3.1
2023
2024
2025
Dec-22 capital structure
2023
2026
Barclays PLC Tier 2 capital as at 31 December 20224
1.3
1.0
1.7
0.6
0.9
2024
2025
2026
■By contractual maturity
■First or next call date
4.2
2027+
5.6
2027+
1 Excludes headrooms and minimum requirement excludes the confidential institution-specific PRA buffer | 2 Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments | 3 The redemption notice relating to the Barclays PLC GBP 1.25bn
7.25% AT1, which forms part of the total, was published on 2 February 2023 (link) | 4 The redemption notice relating to the Barclays PLC EUR 1.5bn 2.0% T2 Notes was published on 5 January 2023 (link) | Note: Charts may not sum due to rounding |
39 | Barclays FY 2022 Results | 15 February 2023
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