Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 516

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 516
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1% ) driven by a reduced impairment charge from lower reserve build, and growth in cards balances driving higher income, partially offset by the strengthening of GBP against USD. c.£0.9bn ($1.1bn) of the outstanding credit card receivables were sold to Blackstone in Q124, providing a benefit from reduced RWAs • Total income increased 2% to £3,326m . NII increased 2% to £2,659m reflecting underlying growth in cards balances. Net fee, commission and other income remained stable driven by higher purchases and account growth 1 • Total operating expenses decreased 2 % to £1,626m , driven by efficiency savings • Credit impairment charges were £1,293m (2023: £1,438m ), informed by the anticipated higher delinquencies in US cards partially offset by the impact of credit risk management actions and methodology enhancements. US cards 30 and 90 day arrears were 3.0% 2 (Q423: 2.9%) and 1.6% 2 (Q423: 1.5%) respectively. The USCB total coverage ratio increased to 11.4% (December 2023: 10.1%), primarily driven by the reclassification of a co-branded cards portfolio to assets held for sale, excluding which the coverage ratio was 9.8% • Loans and advances to customers at amortised cost decreased to £20.0bn (December 2023: £24.2bn ) driven by the a reclassification of balances to assets held for sale. Adjusting for this reclassification, loans and advances to customers at amortised cost grew to £26.0bn driven by growth in cards balances • Customer deposits at amortised cost grew to £ 23.3 bn (December 2023: £19.7bn ), with underlying deposit growth, in line with USCB's ambition to grow core deposits • RWAs increased to £ 26.8 bn (December 2023: £ 24.8 bn), driven by increased receivables Notes: 1 Includes Barclays accounts and those serviced for third parties. 2 Including a co-branded card portfolio classified as assets held for sale.

| Strategy                                    | Shareholderinformation | Climate andsustainability report | Governance | Riskreview |     | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 339 |
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