Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 5

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 5
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 the targeted £1.0bn gross cost efficiency savings in FY24

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Strong credit performance with FY24 loan loss rate (LLR) of 46bps, inclusive of the £0.2bn impact (c.4bps LLR impact) from the acquisition of Tesco Bank, below the through the cycle target range of 50-60bps

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Strong balance sheet with CET1 ratio of 13.6%, within the target range of 13-14%

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**TNAV per share of 357p (December 2023: 331p)

Key financial metrics:**

| Statutory |         |                   |                     |                    |       |       |       |                |            |                      |     | Excluding inorganic 
 activity2           |
|           | Income  | Profit before tax | Attributable profit | Cost: income ratio | LLR   | RoTE  | EPS   | TNAV per share | CET1 ratio | Total capital return |     | RoTE                |
| FY24      | £26.8bn | £8.1bn            | £5.3bn              | 62%                | 46bps | 10.5% | 36.0p | 357p           | 13.6%      | £3.0bn               |     | 10.5%               |
| Q424      | £7.0bn  | £1.7bn            | £1.0bn              | 66%                | 66bps | 7.5%  | 6.7p  |                | 5.7%       |                      |     |                     |

**2024 Performance highlights:**

#### ●

**Group statutory RoTE was 10.5% (2023: 9.0%) with profit before tax of £8.1bn (2023: £6.6bn)**

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Excluding the impact of inorganic activity 2 Group profit before tax of £8.0bn and Group RoTE was 10.5%

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Group income of £26.8bn increased 6% year-on-year, and 4% year-on-year excluding the net £0.3bn impact of inorganic activity. Group NII excluding IB and Head Office of £11.2bn 1 of which Barclays UK NII was £6.5bn 1

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Barclays UK income increased 9%, primarily