Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 35

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 35
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 Both annualised gross and net write off rates increased to 1.0% (2023: 0.7%) following the reduction in gross exposure.

US cards: 30 and 90 day arrears rates increased to 3.0% (2023: 2.9%) and 1.6% (2023: 1.5%) respectively due to higher flow into and through delinquency. The increase in both gross and net write-off rates reflected the overall delinquency trends through to charge-off lagged by the charge off to write-off period of 12 months as well as a sale in the year.

German consumer finance business : Gross exposure decreased 8.8% as loan originations were limited to existing customers following the discontinuation of Open Market loan originations in 2023. Cards origination strategy moved to a more profitable revolver customer segment in 2024 resulting in expected increases in 30 and 90 day arrears and write-offs rates.

#### Assets held for sale
This section presents portfolios classified as assets held for sale. These include a co-branded card portfolio in USCB and the German consumer finance business.

For further details on assets held for sale, see Note 40 to the financial statements in Barclays PLC Annual Report 2024.

#### Loans and advances by product
| Loans and advances to customers classified as assets held for 
 sale                                                          |         |     |          |     |         |     |          |     |         |     |          |     |        |     |          |
|                                                               | Stage 1 |     |          |     | Stage 2 |     |          |     | Stage 3 |     |          |     |  Total |     |          |
|                                                               |   Gross | ECL | Coverage |     |   Gross | ECL | Coverage |     |   Gross | ECL | Coverage |     |  Gross | ECL | Coverage |
| As at 31.12.24                                                |      £m |  £m |        % |     |      £m |  £m |        % |     |      £m |  £m |        % |     |     £m |  £m |        % |
| Retail credit cards - US                                      |   5,495 |  64 |      1.2 |     |     689 | 161 |     23.4 |     |      57 |  46 |     80.