Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 11

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 11
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. Total coverage ratio reduced to 1.2% (December 2023: 1.4%) primarily driven by the reclassification of a co-branded cards portfolio in USCB to assets held for sale

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The effective tax rate (ETR) was 21.6% (2023: 18.8%) . The 2024 ETR includes tax relief on payments made under Additional Tier 1 (AT1) instruments and on holdings of inflation-linked government bonds

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#### Attributable profit was £5,316m (2023: £4,274m)
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Total assets increased to £1,518.2bn (December 2023: £1,477.5bn), driven by an increase in derivatives in Global Markets (with a corresponding increase in liabilities) as well as the impact of the Tesco Bank acquisition

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TNAV per share increased to 357p (December 2023: 331p) including EPS of 36.0p, a c.7p benefit from the reduction in share count as a result of the completion of the share buybacks announced at FY23 and H124 Results and a 5p benefit from the cash flow hedging reserve. These were partially offset by an 8p reduction from dividends paid during 2024 and net negative other reserve movements

#### Group capital and leverage
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The reported CET1 ratio decreased by c.20bps to 13.6% (December 2023: 13.8%) as RWAs increased by £15.4bn to £358.1bn partially offset by an increase in CET1 capital of £1.3bn to £48.6bn. Excluding the c.20bps 2 decrease as a result of the acquisition of Tesco Bank's retail banking business, significant movements in the year were:

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c.140bps increase from attributable profit including other inorganic activity

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c.80bps decrease driven by shareholder distributions including the completed share buybacks announced with FY23 and H124 results and an accrual for the FY24 dividend

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c.30bps decrease from other capital movements including decreases in the other qualifying reserves

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c.30bps decrease as a result of an £8.4bn increase in RWAs, including strategic growth in lending within UKCB and Barclays UK and regulatory driven methodology changes

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The UK leverage ratio decreased to 5.0% (December 2023: 5.