Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 36

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 36
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 (ECM) with Financial Sponsor and Corporate clients, and together with the International Corporate Bank, driving growth via coordinated coverage of our clients&#8217; Treasury functions. Year in review Barclays has a top-tier Investment Bank with a strong global ranking. Our market share in Investment Banking has improved, and we maintained our #6 Dealogic1 global fee share ranking (3.3% fee share) - the highest of any non-US domiciled bank. Though there is still work to do, we are making progress, and this is reflected in RoE of 8.5% and the 150bps increase in RoTE to 8.5%, closing in on the RoTE target to align to the Group. With 2024 marked by episodes of both optimism and risk aversion, the Investment Bank continued to help clients navigate a complex landscape shaped by economic data, geopolitical events and policy change &#8211; delivering strategic solutions through our diversified portfolio of products and services. Through the year, we continued to grow income with a focus on more stable income streams which along with greater efficiency resulted in positive jaws for the year. Income was up 7%, with costs up 2%. The growth in income together with stronger management of RWAs, allowed us to deliver revenue over average RWAs of 5.8%, up 30bps on 2023. In Global Markets, our synergies between sales, trading, financing, and with our partners in Investment Banking, give us the opportunity to drive a more cohesive and trusted relationship with clients and deliver a fuller suite of products and services, delivering revenue growth of 4%. We have made strong progress with improved performance in the three focus businesses in Markets, while sustaining momentum in financing within Markets. Notes: 1 Dealogic for the period 1 January 2024 to 31 December 2024. 2 Top 5 market share as defined in the 20 February 2024 Investor Update. For further details, see: https://home.barclays/content/ dam/home-barclays/documents/investor-relations/ ResultAnnouncements/FullYear2023Results/20240220- Barclays-Investor-Update-Presentation.pdf Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 11 2024 divisional review (continued) Measuring where we are &pound;11.8bn Income 2023: &pound;11.0bn &pound