Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 437

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 437
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 ECL, £ 0.5 bn (2023: £ 0.4 bn) of individually assessed impairments, £ 0.4 bn (2023: £ 0.3 bn) of ECL from non-modelled exposures and debt

securities and excludes £ ( 0.3) bn (2023: £ nil ) of ECL from assets held for sale (co-branded card portfolio).

3 Management adjustments related to other financial assets subject to impairment not included in the table above include financial assets at fair value through other comprehensive

income £ ( 2) m, reverse repurchase agreements £ ( 2) m and cash collateral and settlement balances £ ( 1) m within the IB portfolio.

4 Total impairment allowance consists of ECL stock on drawn and undrawn exposure.

Economic uncertainty adjustments Economic uncertainty adjustments continue to be captured in two ways. Firstly, customer uncertainty: the identification of customers and clients who may be more vulnerable to economic instability; and secondly, model uncertainty: to capture the impact from model limitations and sensitivities to specific macroeconomic parameters which are applied at a portfolio level. The previously held uncertainty adjustments reflecting affordability concerns were reduced during the year, informed by lower inflationary risk and a resilient credit performance in UK retail lending. The balance as at 31 December 2024 is £ 78 m (2023: £ 198 m) and includes: Customer and client uncertainty provisions of £ 53 m (2023: £ 166 m): Retail mortgages (U K) £ 11 m (2023: £ 25 m): This adjustment reflects the risk of borrowers refinancing onto higher rates in the medium term and was partially utilised during the year. Retail credit cards (UK) £ nil (2023: £ 45 m) and Retail other (UK) £ nil (2023: £ 9 m): The previously held affordability linked adjustments in the UK unsecured lending portfolio have been retired, supported by a resilient credit performance from UK customers, evidenced by continued low and stable delinquencies. Corporate loans: UK £ 42 m (December 2023: £ 71 m): This adjustment reflects the possible cross default risk on Barclays’ lending in respect of clients who have taken bounce back loans and is partially reduced on account of the latest credit performance. ROW £ nil (December 2023: £ 16 m): The previously held adjustment to provide for expected downside uncertainties on European Corporates has been retired following a resilient credit performance and