Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 17

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 17
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 income, and the continuing investment to support future growth ambitions.

#### 2024 compared to 2023

#### Income statement
#### ●

**Profit before tax decreased 17% to £731m (2023: £882m)**

●

Total income was broadly stable at £1,780m as increased deposit income from higher average balances was largely offset by lower liquidity pool income

●

Total operating expenses increased 7% to £973m , reflecting higher ongoing spend to support growth ambitions and the BoE levy scheme

●

Credit impairment charges were £76m (2023: £27m release) , driven by stable underlying credit performance and limited single name charges. The release in the prior period was driven by the improved macroeconomic outlook

#### Balance sheet
#### ●

Loans and advances to customers at amortised cost decreased to £25.4bn (December 2023: £26.4bn) as strategic growth in balances was more than offset by a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB

●

Customer deposits at amortised cost decreased to £83.1bn (December 2023: £84.9bn) primarily driven by a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB

●

RWAs increased to £23.9bn (December 2023: £20.9bn), reflecting higher client lending limits and strategic growth in lending balances

| Barclays Private Bank and Wealth Management       | 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                               |        767 |      768 |        — |   |                216 |      182 |       19 |
| Net fee, commission and other income              |        542 |      440 |       23 |   |                135 |      131 |        3 |
| Total income                                      |      1,309 |    1,