Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 18

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 18
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108.8 |          |   |                    |          |          |
| Clients                                           
 assets and liabilities2                           |      208.9 |    182.9 |          |   |                    |          |          |
|                                                   |      As at 
   31.12.24 |    As at 
 31.12.23 |          |   |                    |          |          |
| Balance sheet information                         |        £bn |      £bn |          |   |                    |          |          |
| Loans and advances to customers at amortised cost |       14.5 |     13.6 |          |   |                    |          |          |
| Deposits at amortised cost                        |       69.5 |     60.3 |          |   |                    |          |          |
| Risk weighted assets                              |        7.9 |      7.2 |          |   |                    |          |          |
| Period end allocated tangible equity              |        1.1 |      1.0 |          |   |                    |          |          |

| 1 | Invested assets represent assets under management and              
 supervision.                                                       |
| 2 | Client assets and liabilities refers to customer deposits, lending 
 and invested assets.                                               |

PBWM delivered a RoTE of 28.1% (2023: 32.7%) , as the business continues to see an inflow of new client balances across deposits, lending and investments which reflects the strong product offering and client engagement. Together with the impact from market movement, this has resulted in continued income growth of 8%. Costs are higher by 15% which is due to the continued investment in people, product and the platform to deliver our three year plan.

#### 2024 compared to 2023

#### Income statement
#### ●

#### Profit before tax decreased 6% to £383m
●

Total income increased 8% to £1,309m driven by client assets and liabilities balances growth and the transfer of WM&I from Barclays UK 1 . Net interest income was broadly flat, as the impact from higher deposits balances was offset by lower liquidity pool income. Net fee, commission and other income increased 23%, driven by higher investment balances and transactional activity

●

Total operating expenses increased 15% to £920m, reflecting the transfer of WM&I from Barclays UK and higher investment spend, to support business growth ambitions

#### Balance sheet
●