Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 8

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 8
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 impairment charges were £0.7bn (Q423: £0.6bn) with an LLR of 66bps (Q423: 54bps) including the £0.2bn day 1 impact from the acquisition of Tesco Bank, which had a c.19bps impact to LLR

●

CET1 ratio of 13.6% (December 2023: 13.8%), with risk weighted assets (RWAs) of £358.1bn (December 2023: £342.7bn) and TNAV per share of 357p (December 2023: 331p)

| 1 | Inorganic activity refers to certain inorganic transactions        
 announced as part of the FY23 Investor Update designed to improve  
 Group RoTE beyond 2024. In FY24 this included the £220m loss       
 on sale of the performing Italian retail mortgage portfolio, the   
 £9m loss on disposal from the German consumer finance business     
 and the £26m loss on sale of the non-performing Italian retail     
 mortgage portfolio. This was offset by the day 1 net profit before 
 tax of £347m from the acquisition of Tesco Bank which              
 completed 1 November 2024.                                         |

**Group financial guidance and targets 1 :**

#### 2025 guidance
●

Returns: RoTE of c.11%

●

Capital returns: progressive increase in total capital returns versus 2024

●

Income: Group NII excluding IB and Head Office of c.£12.2bn, of which Barclays UK NII of c.£7.4bn

●

Costs : Group cost: income ratio of c.61%. This includes total gross efficiency savings of c.£0.5bn in 2025

●

Impairment: LLR of 50-60bps through the cycle

●

Capital: CET1 ratio target range of 13-14%

#### 2026 targets
●

Returns : RoTE of greater than 12%

●

Capital returns: plan to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks

–

Plan to keep total dividend stable at 2023 level in absolute terms, with progressive dividend per share growth driven through share count reduction as a result of increased share buybacks

–

Dividends will continue to be paid semi-ann