Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 508

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 508
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0bn |  £26.2bn |
| Total loans and advances to customers at amortised cost       | £207.7bn | £202.8bn | £205.1bn |
| Analysis of customer deposits at amortised cost               |          |          |          |
| Personal Banking                                              | £191.4bn | £185.4bn | £195.6bn |
| Barclaycard Consumer UK                                       |        — |        — |        — |
| Business Banking                                              |  £52.8bn |  £55.7bn |  £62.4bn |
| Total customer deposits at amortised cost                     | £244.2bn | £241.1bn | £258.0bn |

2024 compared to 2023 • Profit before tax increased 25 % to £3,580m . Barclays UK delivered a RoE of 16.9% (2023: 14.0%) and a RoTE of 23.1% (2023: 19.2% ) supported by robust income, strong asset quality and disciplined cost management, with continued investment in delivering a simpler, better and more balanced retail bank • Excluding the net positive day 1 impact from the Tesco Bank acquisition of £347m, profit before tax increased 13% to £3,233m with a RoTE of 20.8% • Total income increased 9 % to £8,274m primarily driven by the £556m day 1 gain from the acquisition of Tesco Bank. Excluding the impact of the day 1 gain, income increased 2% to £7,718m. NII increased 3 % to £6,627m , as continued structural hedge momentum and the Q424 Tesco Bank NII benefit were partially offset by adverse deposit dynamics, which have stabilised throughout 2024, and mortgage margin compression. Net fee, commission and other income increased 42 % to £1,647m driven primarily by the £556m day 1 gain from the acquisition of Tesco Bank. Excluding the impact from the day 1 gain, net fee, commission and other income decreased 6% to £1,091m primarily driven by the transfer of WM&I to PBWM 2 – Personal Banking income increased 13 % to £5,333m , driven primarily by the £556m day 1 gain from the acquisition of Tesco Bank. Excluding the impact from the day 1