Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 31

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 31
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 totalling more than &pound;4.2bn. This focus enabled us to achieve total loan growth of &pound;1bn1 for the year, after adjusting for perimeter changes with International Corporate Banking. Our lending plays a crucial role in clients&#8217; investment in their futures, and helps improve economic productivity and drive growth. In 2024, we launched the Business Prosperity Fund, representing &pound;22bn of funding available from our UK Corporate and Business Banking businesses &#8211; which we will lend to new and existing clients in 2025. Notes: 1 FY24 Loan balance growth of c.&pound;1bn excludes a c.&pound;2bn reduction from refinements to the perimeter with International Corporate Banking within IB. 2 sng.org.uk/press-release/sng-reports-strong-position Strategy Shareholder information Climate and sustainability report Governance Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 07 2024 divisional review (continued) Measuring where we are &pound;1.8bn Income 2023: &pound;1.8bn &pound;0.7bn Profit before tax 2023: &pound;0.9bn &pound;1.0bn Operating expenses 2023: &pound;0.9bn 16.0% Return on equity 2023: 20.5% 16.0% Return on tangible equity 2023: 20.5%

We are deepening relationships with our clients by developing and improving products and services to better meet their needs. In 2024, we completed the implementation of our end-to- end global trade finance solution, Trade360, in the UK. This platform provides clients with greater connectivity and visibility into their trade transactions, allowing them to optimise working capital efficiency, funding and risk mitigation. Trade360 differentiates our capabilities from our UK-focused peers, evidenced by Barclays being named Best Trade Finance Bank in the UK in 20241. Using cloud-based functionality for corporate banking clients, we can offer an improved user experience through easy access and real-time integration with essential information, combined with the latest trade solutions as industry-wide digitisation continues to accelerate. &#8220;Against a challenging backdrop, we are pleased with the progress made, having achieved total loan growth of &pound;1bn for the year.&#8221; Matt Hammerstein CEO of UK Corporate Bank and Head