Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 512

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 512
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4 |       3 |       4 |
| Key facts                                         |         |         |         |
| Invested assets1                                  |   124.6 |   108.8 |    61.9 |
| Client assets and liabilities2                    |   208.9 |   182.9 |   139.4 |
| Number of employees (full time equivalent)        |   1,900 |   2,100 |   1,100 |
| Balance sheet information                         |         |         |         |
| Loans and advances to customers at amortised cost | £14.5bn | £13.6bn | £14.4bn |
| Deposits at amortised cost                        | £69.5bn | £60.3bn | £62.3bn |
| Risk weighted assets                              |  £7.9bn |  £7.2bn |  £7.8bn |

2024 compared to 2023 • Profit before tax decreased 6 % to £383m with a RoE of 25.7% (2023: 29.9%) and a RoTE of 28.1% (2023: 32.7% ) , as the business continues to see an inflow of new client balances across deposits, lending and investments which reflects the strong product offering and client engagement. Together with the impact from market movement, this has resulted in continued income growth of 8%. Costs are higher by 15% which is due to the continued investment in people, product and the platform to deliver our three year plan • Total income increased 8 % to £1,309m driven by client assets and liabilities balances growth and the transfer of WM&I from Barclays UK 3 . Net interest income was broadly flat, as the impact from higher deposits balances was offset by lower liquidity pool income. Net fee, commission and other income increased 23%, driven by higher investment balances and transactional activity • Total operating expenses increased 15% to £920m , reflecting the transfer of WM&I from Barclays UK and higher investment spend, to support business growth ambitions • Client assets and liabilities increased £26.0bn to £208.9bn , driven by £15.8bn increase in invested assets as a result of market movements and underlying balance growth, as well as £9.2bn increase in deposits and £0.9bn increase in gross loans to clients • RWAs increased to £7.9bn