Company: BCS
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001654954-25-004815
Chunk: 17

Company: BARCLAYS PLC
Filing Date: 2025-04-30
Form: 6-K
Chunk 17
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23,049 |  22,474 |  22,257 |
| Barclays Private Bank and Wealth Management |  14,674 |  14,381 |  14,061 |  13,931 |  13,593 |
| Barclays US Consumer Bank1                  |  26,106 |  25,314 |  24,798 |  24,899 |  24,880 |
| Group excluding IB and Head Office          | 273,690 | 267,938 | 260,524 | 260,833 | 262,399 |
| Net interest margin                         |       % |       % |       % |       % |       % |
| Barclays UK                                 |    3.55 |    3.53 |    3.34 |    3.22 |    3.09 |
| Barclays UK Corporate Bank                  |    5.64 |    5.50 |    5.33 |    5.30 |    5.00 |
| Barclays Private Bank and Wealth Management |    5.64 |    5.98 |    5.35 |    5.40 |    5.17 |
| Barclays US Consumer Bank                   |   10.53 |   10.66 |   10.38 |   10.43 |   11.12 |
| Group excluding IB and Head Office          |    4.51 |    4.50 |    4.29 |    4.20 |    4.12 |

| 1 | Average customer assets includes held for sale balances generating 
 net interest income.                                               |

#### Structural hedge
The Group employs a structural hedge programme designed to stabilise NIM on fixed rate non-maturity balance sheet items that are behaviourally stable. As interest rates move, such balances would otherwise drive material income volatility where there is a re-pricing mismatch with floating rate assets.

The structural hedge predominantly covers non-interest-bearing current accounts and the fixed portion of instant access savings accounts as well as equity, which are invested into either floating rate customer assets or balances at central banks, creating an exposure to changes in interest rates. The structural hedge is executed via a portfolio of receive-fixed, pay variable interest rate swaps, with an amortising structure so that a small portion matures and is reinvested each month at prevailing market rates. The pay-floating leg of the interest rate swaps nets down a