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Q2 2020 Results
Jes Staley
COVID-19 Lockdowns have caused unprecedented economic disruption met with bold policy actions
Remained open for business during the COVID-19 pandemic helping support the economy
Resilient performance in H120 reflecting the Group’s diversified business model
Corporate and Investment Bank drivers
Consumer business drivers
Diversification is a key strength of Barclays
Tushar Morzaria
H120 Group highlights
Q220 Group highlights
Income decreased 4% YoY in Q220, as strong performance in CIB was offset by income headwinds in BUK and CC&P
Income in BUK and CC&P expected to gradually recover from Q220 levels
Continued focus on cost discipline, but short-term headwinds remain from spend on COVID-19 initiatives
Increased inpairment charges in Q120 and Q220 have resulted in higher coverage ratios across portfolios
Q220 impariment charge driven by updated economic forecasts and expectation of a slower recovery
Q220 impariment coverage ratios
Q220 impariment coverage ratios for credit cards, unsecured loans and other retail lending
Exposure to selected sectors vulnerable to the current environtment only 13% of total wholesale exposure
Balances on payment holidays across portfolios were well covered as at Jun-20
Payment holidays granted continue to reduce and net balances are also reducing as customers roll off
Q220 Barclays UK
Q220 Barclays International
Q220 Barclays International: Corporate & Investment Bank
Q220 Barclays International: Consumer, Cards & Payments
Head Office
Q220 CET1 ratio increase to 14.2%
RWAs decreased over Q220
Continue to manage CET1 ratio with appropriate headroom above MDA through the stress
High quality and conservativelty positioned liquidity and funding position
Outlook: Diversification delivering resilient performance
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