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Barclays Reiterated 2024 Outlook: Targets Barclays Group NII Excluding Barclays Investment Bank And Head Office Of £10.7B, Expects RoTE Of Greater Than 10% In 2024 And 10.5% Excluding Inorganic Activity

Barclays Reiterated 2024 Outlook: Targets Barclays Group NII Excluding Barclays Investment Bank And Head Office Of £10.7B, Expects RoTE Of Greater Than 10% In 2024 And 10.5% Excluding Inorganic Activity

巴克莱重申2024年展望:目标巴克莱集团NII不包括107亿英镑的巴克莱投资银行和总部,预计2024年的RoTE将超过10%,不包括无机活动在内的10.5%
Benzinga ·  04/25 16:22

Group Financial Targets and Outlook: 2024 • Returns: targeting RoTE of greater than 10% and c.10.5% excluding inorganic activity • Income: targeting Barclays Group NII excluding IB and Head Office of c.£10.7bn, of which Barclays UK NII of c.£6.1bn1 • Costs: targeting Group cost: income ratio of c.63%, which includes c.£1bn of gross efficiency savings in 2024 • Impairment: expect an LLR of 50-60bps through the cycle • Capital: expect to operate within the CET1 ratio target range of 13-14% 2026 • Returns: targeting a greater than 12% RoTE • Capital returns: plan to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks. Plan to keep total dividend stable at 2023 level in absolute terms, with progressive dividend per share growth driven through share count reduction as a result of increased share buybacks. Dividends will continue to be paid semi-annually. This multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% • Income: targeting Group total income of c.£30bn • Costs: targeting total Group operating expenses of c.£17.0bn and a Group cost: income ratio of high 50s in percentage terms. This includes total gross efficiency savings of c.£2bn by 2026 • Impairment: expect an LLR of 50-60bps through the cycle • Capital: expect to operate within the CET1 ratio target range of 13-14%– Targeting IB RWAs of c.50% of Group RWAs in 2026– Impact of regulatory change on RWAs in line with prior guidance, expected to be at lower end of 5–10% of Group RWAs. This includes c.£16bn RWAs expected in H224 due to USCB moving to Internal Ratings-Based (IRB) models

集团财务目标和展望:2024年•回报:目标RoTE超过10%,不包括无机活动约为10%,约为10.5% •收入:目标巴克莱集团的NII不包括IB和总部,约为107亿英镑,其中巴克莱英国NII约为61亿英镑 • 成本:目标集团成本:收入比率约为.63%,其中包括2024年约10亿英镑的总效率储蓄 • 减值:预计为LL 整个周期的回报率为50-60个基点 • 资本:预计将在2026年13-14%的CET1比率目标区间内运营 • 回报:目标是超过12%的投资回报率 • 资本回报率:计划在2024年至2026年之间,通过分红和股票回购向股东返还至少100亿英镑的资本,并继续倾向于回购。计划将总股息的绝对值稳定在2023年的水平,股票回购增加导致的股票数量减少,从而推动每股分红的累进增长。股息将继续每半年支付一次。该多年期计划尚待监管部门和董事会的批准、预期的财务业绩以及我们公布的13-14%的CET1比率目标区间•收入:目标集团总收入约为300亿英镑•成本:目标集团总运营支出约为170亿英镑,集团成本:按百分比计算的收入比率高达50%。这包括到2026年总效率节省约20亿英镑•减值:预计整个周期的LLR为50-60个基点•资本:预计将在13-14%的CET1比率目标区间内运作——目标是2026年IB收入占集团RWA的约0.50%——监管变化对RWA的影响与先前的指导一致,预计将处于集团RWA的5-10%的较低水平。这包括由于USCB转向基于内部评级(IRB)的模型,预计在H224年将达到约160亿英镑的RWA

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