Company: BCS
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001654954-25-004815
Chunk: 14

Company: BARCLAYS PLC
Filing Date: 2025-04-30
Form: 6-K
Chunk 14
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,699m, reflecting increased volatility and client activity, including a strong performance in Macro and Securitised Products, and continued strength in Financing

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Equities income increased 9% to £963m, (27% excluding the prior year £125m fair value gain on Visa B shares), reflecting elevated volatility and client activity in Derivatives and growth in Prime

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Investment Banking income increased 16% to £1,211m

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Banking fees and underwriting income increased 4% to £644mreflecting increased market share 1

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International Corporate Bank income increased 34% to £567m. Corporate lending income increased to £156m due to fair value gains on leverage finance lending (c.£105m). Transaction banking income increased 8% to £411m, as higher income from growth in deposit balances was partially offset by margin compression due to change in deposits product mix

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Total operating expenses increased 5% to £2,091m driven by the impact of inflation, partially offset by efficiency savings

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Credit impairment charges were £72m (Q124: £10m release) , primarily driven by a post model adjustment of net £36m for elevated US macroeconomic uncertainty, and single name charges including the benefit of credit protection

**Balance sheet - 31 March 2025 compared to 31 December 2024

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Loans and advances at amortised costs increased £4.7bn to £129.1bn (December £124.4bn) , driven by stable lending and increased investment in debt securities in treasury

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Trading portfolio assets increased £19.4bn to £185.5bn (December £166.1bn), driven by increased trading in debt securities to facilitate client demand in Global Markets

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Derivative assets decreased £38.0bn to £253.6bn and liabilities decreased £33.9bn to £245.1bn, primarily driven by decreased mark-to-market value on FX derivatives as a result of USD depreciation in Q125

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Deposits at amortised cost increased £8.4bn to £148.9bn, driven by growth in deposits across the business

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RWAs decreased to £195.9bn (December 2024: £198.8bn) mainly driven by FX as GBP strengthened against USD, with lower credit risk offset by higher market risk as we continued to support clients through a period of volatility

| 1 | Data source