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Q1 2021 Results
Jes Staley
Strong Q121 performance driven by continued robust CIB income and reduced impairment charges
Diversified banking model provides resilience through economic cycles
Barclays is well positioned to monetise growth in capital markets activity
Ambition to be a net zero bank by 2050
Consumer spending recovered during Q121 while mortgage activity remained robust
Growth opportunities underscored by strong partnerships
Payments represents a c.£900m income growth opportunity for Barclays over three years
Barclays has built significant new payment capabilities in an evolving landscape
Barclays Unified Payments
Digitisationof Commerce through Barclays Payments Ecosystem
Tushar Morzaria
Q121 Group highlights
Ongoing strength in CIB income while consumer businesses continued to be impacted by the pandemic
Unsecured lending remains subdued, while strong mortgage performance and the steeper yield curve are helpful
Costs increased 10%, with a 61% cost: income ratio
Q121 impairment charge significantly reduced to £55m
Sensitivity to current macroeconomic variablesImproved MEVs not reflected in Q121 ECL charge, with continued management adjustment for macro uncertainty
Mar-21 coverage ratios on respective portfolios materially in line with Dec-20
Mar-21 unsecured lending coverage ratios materially in line with Dec-20
Q121 Barclays UK
Q121 Barclays International
Q121 Barclays International: Corporate & Investment Bank
Q121 Barclays International: Consumer, Cards & Payments
Q121 Head Office
CET1 ratio decreased 50bps QoQ
CET1 ratio flightpath to target range of 13-14%
High quality and conservatively positioned liquidity and funding position
Outlook: Barclays continues to benefit from diversification
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