Q3 21 Results

This is the archive webcast of the presentation at 09:30 on Thursday, 21 October 2021

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Q3 2021 Results
Q3 2021 Results
Jes Staley
Jes Staley
Record Q321 YTD profit before tax driven by strong CIB performance and net impairment release
Record Q321 YTD profit before tax driven by strong CIB performance and net impairment release
Diversified model underpins resilient performance through cycles
Diversified model underpins resilient performance through cycles
Environmental and Social stewardship central to our strategy
Environmental and Social stewardship central to our strategy
Strong Q321 YTD profitability, increased capital distributions to shareholders
Strong Q321 YTD profitability, increased capital distributions to shareholders
Tushar Morzaria
Tushar Morzaria
Q321 YTD Group highlights
Q321 YTD Group highlights
Q321 Group highlights
Q321 Group highlights
Income: ongoing benefits from business diversification, with higher BUK and CIB income YoY more than offsetting lower CC&P income
Income: ongoing benefits from business diversification, with higher BUK and CIB income YoY more than offsetting lower CC&P income
While unsecured lending remains subdued, mortgage balance growth continues and the Group is well positioned for rising rates
While unsecured lending remains subdued, mortgage balance growth continues and the Group is well positioned for rising rates
Costs: Q321 YTD increase driven by higher performance costs and structural cost actions, with flat base costs
Costs: Q321 YTD increase driven by higher performance costs and structural cost actions, with flat base costs
Evaluating planned structural cost actions for Q421
Evaluating planned structural cost actions for Q421
Cost guidance unchanged, with FY21 base costs expected to be broadly in line with FY20 at c.£12bn
Cost guidance unchanged, with FY21 base costs expected to be broadly in line with FY20 at c.£12bn
Impairment: Q321 charge of £120m, reflecting lower unsecured lending balances and a net release in the CIB
Impairment: Q321 charge of £120m, reflecting lower unsecured lending balances and a net release in the CIB
Retaining management adjustment due to economic uncertainty
Retaining management adjustment due to economic uncertainty
Q321 Barclays UK
Q321 Barclays UK
Q321 Barclays International
Q321 Barclays International
Q321 Barclays International: Corporate & Investment Bank
Q321 Barclays International: Corporate & Investment Bank
Q321 Barclays International: Consumer, Cards & Payments
Q321 Barclays International: Consumer, Cards & Payments
Q321 Head Office
Q321 Head Office
CET1 ratio increased to 15.4% driven by profits
CET1 ratio increased to 15.4% driven by profits
CET1 ratio target range continues to be 13-14%, but expect to remain above that in 2021
CET1 ratio target range continues to be 13-14%, but expect to remain above that in 2021
High quality and robust liquidity and funding positions
High quality and robust liquidity and funding positions
Outlook: Barclays continues to benefit from diversification
Outlook: Barclays continues to benefit from diversification
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