Company: BCS
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001654954-25-004815
Chunk: 11

Company: BARCLAYS PLC
Filing Date: 2025-04-30
Form: 6-K
Chunk 11
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125 compared to Q124
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#### Profit before tax increased 7% to £756m
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Total income increased 14% to £2,074m. NII increased 18% to £1,822m, as continued structural hedge momentum and the impact from the acquisition of Tesco Bank was partially offset by adverse deposit dynamics, which stabilised through 2024, and mortgage margin compression. Net fee, commission and other income decreased 9% to £252m

#### ●

Total operating expenses increased 9% to £1,160m, driven by Tesco Bank costs and inflation. Ongoing efficiency savings continue to be reinvested, to drive sustainable improvement to the cost: income ratio

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Credit impairment charges were £158m (Q124: £58m), driven by stage migration impact for Tesco Bank post day 1 acquisition, consistent low delinquencies in UK cards and high quality mortgage lending portfolio. UK cards (excluding Tesco Bank) 30 and 90 day arrears remained low at 0.7% (Q124: 0.9%) and 0.2% (Q124: 0.2%) respectively. The UK cards total coverage ratio increased to 4.9% (December 2024: 4.8%) due to stage migration in Tesco Bank

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

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Loans and advances to customers at amortised cost increased by £1.9bn to £209.6bn , primarily driven by growth in mortgage lending, partially offset by continued repayment of government scheme lending in Business Banking

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Customer deposits at amortised cost decreased by £1.1bn to £243.1bn, driven by a reduction in retail savings and Business Banking current account balances due to seasonality. The loan: deposit ratio remained stable at 93% (December 2024: 92%)

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RWAs increased to £85.0bn (December 2024: £84.5bn) primarily due to mortgage lending growth

| Barclays UK Corporate Bank                        | Three months ended |                |                |
|                                                   |           31.03.25 |       31.03.24 |                |
| Income statement information                      |                 £m |             £m |       % Change |
| Net interest income                               |                342 |            277 |             23 |
| Net fee