Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 9

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 9
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ually. This multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14%

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Income: Group total income of c.£30bn

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Costs: Group cost: income ratio of high 50s in percentage terms, implying Group total operating expenses of c.£17bn, based on targeted Group total income of c.£30bn. Cost target includes total gross efficiency savings of c.£2bn by 2026

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Impairment : expect an LLR of 50-60bps through the cycle

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Capital : CET1 ratio target range of 13-14%

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Targeting IB RWAs of c.50% of Group RWAs in 2026

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Impact of regulatory change on RWAs in line with our prior guidance of c.£19-26bn, with the phasing and mix updated to reflect the latest guidance from thePrudential Regulation Authority (PRA)

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c.£3-10bn RWAs from Basel 3.1,with the timing of implementation delayed to 1 January 2027

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c.£16bn RWAs from USCB moving to an Internal Ratings Based (IRB) model, subject to model build and portfolio changes, implementation could be beyond 2026

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0.1% increase in Pillar 2A from Q125 until model implementation

| 1 | Our targets and guidance are based on management's current        
 expectations as to the macroeconomic environment and the business 
 and are subject to change.                                        |

| Barclays Group results                          | Year ended |          |          |     | Three months ended |          |          |
|:------------------------------------------------|-----------:|---------:|---------:|:----|-------------------:|---------:|---------:|
|                                                 |   31.12.24 | 31.12.23 |          |     |           31.12.24 | 31.12.23 |          |
|                                                 |         £m |       £m | % Change |     |                 £m |       £m | % Change |
| Barclays                                        
 UK                                              |      8,274 |    7,587 |        9 |     |              2,615 |    1,792 |       46 |
| Barclays                                        
 UK Corporate Bank                               |      1,780 |    1,770 |        1 |