FY 2022 Results
Outlook
Returns
Targeting RoTE of greater than 10% in 2023
Income
Costs
Impairment
Capital
Capital returns
1 Assumes the UK Bank Rate peaks at 4.25% in 2023 |
21 Barclays FY 2022 Results | 15 February 2023
Diversified income streams continue to position the Group well for the current
economic and market environment including higher interest rates.
In 2023, Barclays UK NIM is expected to be greater than 3.20%¹
Targeting a cost: income ratio percentage in the low 60s in 2023, investing for growth
whilst progressing towards the Group's medium-term target of below 60%
Expect an LLR of 50-60bps in 2023, based on the current macroeconomic outlook
Expect to operate within the CET1 ratio target range of 13-14%
Barclays' capital distribution policy incorporates a progressive ordinary dividend,
supplemented with buybacks as appropriate
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