Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 14

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 14
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 estimated release of c.€ 4.0bn of RWAs, increasing Barclays’ CET1 ratio by c.10bps in Q125

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Financial Conduct Authority (FCA) motor finance review: in light of recent legal and regulatory developments, including the Court of Appeal judgment in October 2024 against other lenders in three motor finance commissions cases (subject to appeal to the Supreme Court, which is scheduled to be heard i n early April 2025), and the ongoing FCA review into historical motor finance commission arrangements and sales , Clydesdale Financial Services Limited (a subsidiary of Barclays plc) has recognised a provision of £90m in relation to historical motor finance commission arrangements . Taking into account the information currently available, Barclays has estimated the potential impact of these matters by considering the potential basis for and timing of redress, which complaints may be valid or invalid, and the potential level of such complaints. All these assumptions are subject to significant uncertainty and will be monitored and updated if any significant new information becomes available. The legal and regulatory outcomes and the nature, extent and timing of any remediation action if required remain uncertain and, as a result the ultimate financial impact could differ materially to the amount provided. The FCA plans to set out the next steps of its review in May 2025. Under the FCA's rules, Barclays’ obligation to respond to motor finance commission complaints is paused until after 4 December 2025. Barclays ceased operating in the motor finance market in late 2019, although historical operations before this time may be in scope of any potential FCA consumer redress scheme. Additional details are set out in note 25 Legal, competition and regulatory matters of the Barclays 2024 Annual Report

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USCB sale of American Airlines card receivables : following American Airlines’ decision to consolidate its co-brand card partnerships, Barclays has decided not to bid to become the sole card issuer, leading to the transfer of its portfolio of receivables in 2026, which has been reclassified as held for sale as at December 2024. This portfolio is expected to generate a gain on sale in 2026. USCB targets for 2026 remain unchanged

#### Anna Cross, Group Finance Director

#### Results by Business
| Barclays UK                                       | Year ended |          |          |     | Three months ended |          |          |
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