Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 511

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 511
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 7 % to £973m , reflecting higher ongoing spend to support growth ambitions and the BoE levy scheme • Credit impairment charges were £76m (2023: £27m release), driven by stable underlying credit performance and limited single name charges. The release in the prior period was driven by the improved macroeconomic outlook • Loans and advances to customers at amortised cost decreased to £ 25.4 bn (December 2023: £26.4bn ) as strategic growth in balances was more than offset by a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB • Customer deposits at amortised cost decreased to £ 83.1 bn (December 2023: £84.9bn ) primarily driven by a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB • RWAs increased to £23.9bn (December 2023: £20.9bn ), reflecting higher client lending limits and strategic growth in lending balances

| Strategy                                    | Shareholderinformation | Climate andsustainability report | Governance | Riskreview |     | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 332 |
| Analysis of results by business (continued) |                        |                                  |            |            |     |                 |                     |     |                                            |     |

2023 compared to 2022 • Profit before tax increased 5 % to £ 882 m, with a RoE of 20.5% (2022: 19.2%) and with a RoTE of 20.5% (2022: 19.2% ). Excluding the impact of Q423 structural cost actions RoTE was 21.2% • Total income increased 7 % to £ 1,770 m, with NII increasing to £1,160m from improved margins. Net fee, commission, trading and other income increased 16 % as a result of higher interest rate environment • Total operating expenses increased 11 % to £ 912 m, reflecting higher investment spend to support growth, £27m of Q423 structural cost actions and the impact of inflation partially offset by efficiency savings • Credit impairment releases were £27m (2022: £nil ), driven by resilient underlying credit performance and the marginally improved year-on-year macroeconomic outlook • RWAs were broadly stable at £ 20.9 bn (December 2022: £ 21.1 bn)