FY 2022 Results
Q422: Disciplined capital management
Q422 CET1 ratio movements
13.8%
(9bps)
31bps
(9bps)
(28bps)
24bps
Target
13-14%
MDA
hurdle
11.3%
Future considerations
Q123
Share buyback £0.5bn:c.(15)bps
IFRS 9: c. (13)bps reduction in transitional
relief on 1-Jan-23
Kensington³ c.(12)bps on completion in
Q123
RWA seasonality: increased business activity
13.9%
1
Sep-22
Attributable
profit
FY22 dividend
accrual
Pensions
RWA discipline
Other
(including FX
and FVOCI) 2
Dec-22
CET1
capital
RWAs
£48.6bn
£1.0bn
£(0.3bn)
£(0.9bn)
£(1.6bn)
£46.9bn
£350.8bn
£0.5bn
£(5.9bn)
£(8.9bn)
£336.5bn
Medium/long-term
Target RoTE of >10%: translates to c.150bps
of annual CET1 ratio accretion
UK countercyclical buffer (CCYB): increase to
2%, adds c.40bps to MDA in Q323
Basel 3.1: lower end of 5-10% RWA inflation
on 1-Jan-25, pre-mitigation
1 Includes acceleration of capital impacts of 33bps related to pension transactions unwind | 2 FX on credit risk, counterparty credit risk and standardised market risk RWAS. FVOCI impact of (1)bp in Q422 | 3 Kensington Mortgage Company | Note: The fully loaded CET1 ratio was 13.7%
as at 31 December 2022 (13.6% as at 30 September 2022) | Note: Charts may not sum due to rounding |
20 | Barclays FY 2022 Results | 15 February 2023
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