Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 24

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 24
---
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%

#### Balance sheet
●

Loans and advances to customers at amortised cost decreased to £20.0bn (December 2023: £24.2bn) driven by 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 £23.3bn (December 2023: £19.7bn) , with underlying deposit growth, in line with USCB's ambition to grow core deposits

●

RWAs increased to £26.8bn (December 2023: £24.8bn), driven by increased receivables

1

Includes Barclays accounts and those serviced for third parties.

2

Including a co-branded cards portfolio classified as assets held for sale.

| Head Office                             |     Year ended |                |          |     | Three months ended |          |          |
|:----------------------------------------|---------------:|---------------:|---------:|:----|-------------------:|---------:|---------:|
|                                         |       31.12.24 |       31.12.23 |          |     |           31.12.24 | 31.12.23 |          |
| Income statement information            |             £m |             £m | % Change |     |                 £m |       £m | % Change |
| Net interest income                     |            646 |            353 |       83 |     |                183 |      167 |       10 |
| Net fee, commission and other income    |           -352