Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 279

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 279
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 the Committee. Performance for C.S. Venkatakrishnan and Anna Cross was assessed against both the individual objectives set for their respective roles and their shared personal objectives, which had a 15% weighting overall for each Executive Director's 2024 annual bonus. The table below summarises performance against the shared personal objectives. Shared personal objectives for C.S. Venkatakrishnan and Anna Cross Deliver new financial targets including RoTE and capital distributions &#8226; Met our 2024 financial targets, with operational and financial performance improvement driven by disciplined execution of the three-year plan announced in February 2024. &#8226; Delivered Group statutory RoTE of 10.5%1, achieving 2024 target of >10%2. &#8226; Group NII excluding IB and Head Office of &pound;11.2bn3, achieving 2024 target of >&pound;11.0bn, of which Barclays UK NII was &pound;6.5bn. &#8226; The Group cost: income ratio was 62% (2023: 67%), achieving our target of c.63%, as the Group delivered the targeted &pound;1.0bn gross cost efficiency saving in FY24. &#8226; Total capital distributions of &pound;3.0bn announced in relation to 2024 (2023: &pound;3.0bn), comprising &pound;1.2bn of dividends and &pound;1.75bn of share buybacks. Maintain robust capital ratios across the Group and within the main operating entities &#8226; Strong capital position maintained, with a Group CET1 ratio of 13.6%, within our target range of 13% to 14%. &#8226; Similarly strong capital ratios prevail in all main operating entities: at the end of 2024, Barclays Bank PLC&#8217;s CET1 ratio was 12.1% and Barclays Bank UK PLC&#8217;s CET1 ratio was 14.2%, well in excess of regulatory minimums. Continue to simplify the organisation in terms of its operations and financial reporting &#8226; Introduced updated business structure in February 2024 with five business divisions &#8211; BUK, UKCB, PBWM, IB and USCB &#8211; which enables the Group to be organised and operate in a simpler way, delivering greater accountability and transparency to our shareholders, supporting synergies across the Group