Barclays Q1 2021 Fixed Income Investor Presentation
STRATEGY, TARGETS
& GUIDANCE
CAPITAL
MREL, FUNDING
DIVISIONS
PERFORMANCE
ASSET QUALITY
CREDIT RATINGS
ESG
APPENDIX
& LEVERAGE
& LIQUIDITY
& LEGAL ENTITIES
Q121 Head Office
Negative income of £75m including:
Hedge accounting losses
Funding costs on legacy capital
instruments
Q120
Q420
Q121
•
Income
(£m)
(65)
(75)
-
(171)
(80)
-
Costs
(Em)
(16)
(264)
Other Net
123
Income (£m)
2
8
Loss
(32)
before tax
(£m)
(104)
(458)
RWAS
(£bn)
10.0
10.2
10.7
Average
tangible
equity (£bn)
7.3
5.6
4.3
24 Barclays Q1 2021 Fixed Income Investor Presentation
-
Negative treasury items
•
°
Expect c.£300m negative income in FY21
(absent resumption of the ABSA
dividend)
Costs reduced QoQ to £80m reflecting
reduced structural cost actions
Expect quarterly costs in 2021 to be
c.£50-60m per quarter going forward
Other net income of £123m driven by a fair
value gain on an investment in the Business
Growth Fund (BGF)View entire presentation