Document

EX-99.1 2 barclaysplc6-kcombinedraex.htm EX-99.1 Document

附錄99.1

巴克萊銀行PLC

此展示包含自巴克萊銀行 PLC 發布關於截至 2024 年 9 月 30 日之九個月的成果公告部分，部分已經經過修改以符合美國證券交易委員會（SEC）制定的Regulation G和Regulation S-k第10（e）條款的要求，包括將某些財務資訊調節為按照國際財務報告準則(IFRS)準備的可比措施。本文件的目的是提供Regulation G和Regulation S-k第10（e）條款所要求的額外披露，刪除不符合SEC規定的某些資訊，並將某些非IFRS數字的調解記錄添加到所呈現期間的最直接等值IFRS數字。本文件不更新或以其他方式補充先前發布的成果公告中的信息。本文件中對網站的任何引用僅供信息目的，本文件中找到的信息並不作為參考納入。

關於此文件尚未獲得審計意見。


		,
巴克萊銀行PLC	1


註釋

巴克萊銀行和集團的術語指的是包括其子公司在內的巴克萊銀行有限公司。除非另有說明，收入表分析將2024年9月30日結束的九個月與2023年相應的九個月進行比較，資產負債表分析則以2024年9月30日的數據與關於2023年12月31日和2023年9月30日的比較數據進行比較。縮寫‘£m’和‘£bn’分別代表英鎊的百萬和千百萬；縮寫‘$m’和‘$bn’分別代表美元的百萬和千百萬；縮寫‘€m’和‘€bn’分別代表歐元的百萬和千百萬。

有許多關鍵判斷領域，例如基於模型的減值計算，這些領域正在接受持續調整和修改。報告的數字反映了在特定時間點的最佳估計和判斷。

本文件中使用但未在適用監管指南或國際財務報告準則（IFRS）下定義的相關術語，在結果術語表中解釋，可在home.barclays/investor-relations獲得。

本公告由2024年10月23日經董事會批准，並不包括《2006年公司法》第434條所規定的法定帳目。截至2023年12月31日結束之年度法定帳目，根據《2006年公司法》第495條取得未經修改的審計報告（不包括根據《2006年公司法》第498條發表任何聲明），已按照《2006年公司法》第441條要求提交給公司註冊處。

巴克萊銀行在債券資本市場中是一家頻繁的發行人，定期透過正式路演和其他臨時會議與投資者會面。與其通常做法一致，巴克萊銀行預計在未來一季中將定期與全球投資者會面，討論這些結果和與集團有關的其他事項。.

非IFRS績效指標

巴克萊銀行的管理層認為，本文件中包含的非IFRS經營績效衡量指標可為財務報表的讀者提供有價值的信息，因為它們使讀者能夠確定一個更具一致性的基礎，以比較各財政期間之間企業的表現，並提供有關這些企業的管理層最直接能夠影響或與評估該集團有關的績效要素的更多細節。它們也反映了巴克萊銀行管理層定義營運目標方式和監視業績的重要方面。然而，本文件中的任何非IFRS經營績效衡量不應代替IFRS衡量指標，讀者應該同時考慮IFRS指標。請參閱附錄頁面。 45 天從發票日期計算，被視為商業合理。 50.

本文件中包含的主要非IFRS措施及最直接可比的IFRS措施有：

－不計入有機活動的歸屬盈利/（虧損）代表不計入有機活動影響的歸屬盈利/（虧損）。調解說明請參閱第頁。 48;

─ 平均分配股本代表分配給企業的平均股東權益。可比IFRS指標為平均權益。說明見第頁。 46 天從發票日期計算，被視為商業合理。 47;

業務的平均指定有形資本是根據前一個月期末的指定有形資本和當月期末的指定有形資本的平均值計算的。期間內的平均指定有形資本是該期間內各月平均值的平均值。期末指定有形資本根據每個業務的RWAs的13.5％（2023年：13.5％）計算，考慮了資本減除、排除商譽和無形資產，反映了巴克萊集團用於資本規劃目的的假設。總部分配的有形資本代表巴克萊集團有形股東權益與分配給業務的金額之間的差異。可比的IFRS指標是平均權益。第上提供了調節資訊 46 天從發票日期計算，被視為商業合理。 47;

─ 巴克萊銀行集團的平均有形股東權益為上個月期末有形股東權益和本月期末有形股東權益的平均值。該期間的平均有形股東權益是該期間內各月平均值的平均值。可比的IFRS指標是平均權益。調節資料請參見頁面。 46 天從發票日期計算，被視為商業合理。 47;

–成本：收入比不包括非組織活動，代表不包括非組織活動影響的成本：收入比。在第頁提供了調解。 48;

–除了巴克萊銀行（IB）和總部外的集團淨利息收入（NII）代表不包括IB NII和總部NII的集團NII。可比IFRS衡量指標是集團NII。本文提供了合併表格的調解資料在第頁。 49;

– 集團營業費用表示不包括英國監管徵費、訴訟和規範費用的集團營業費用。可比的IFRS指標是總營業費用。詳細說明請參見第頁。 49;

─ 有機活動指的是作為FY23投資者更新的一部分宣佈的某些無機交易，旨在在2024年後改善集團RoTE。在Q324今年迄今為止，這包括意大利表現良好的零售抵押貸款組合虧損22000萬英鎊，以及德國消費業務虧損2,000萬英鎊，這兩者均出現在H124。在Q324沒有進行無機交易。對於FY24，預計還將包括意大利不良抵押貸款組合的出售虧損和Tesco銀行收購的影響；

– 平均分配資本回報率表示分配給企業的股東權益的回報。可比的IFRS指標是股東權益回報率。第一頁提供了對賬。 50;

– 平均分配的有形股東權益回報率（針對企業）是指將集團應歸屬利潤年化，作爲平均股東有形權益的比例進行計算。可比的IFRS度量指標是資產回報率。請參閱第頁上提供的調節。 45;

每股資本權益回報率（不包括非有機活動）代表排除非有機活動影響的每股資本權益回報率。第頁提供了調和。 48;

– 巴克萊銀行集團的平均有形股東權益回報率是指以母公司普通股股東所享有的稅後純利潤爲年度基準，作爲除去非控制權益和其他股權工具後的平均股東權益的一部分，調整後扣除無形資產和商譽。可比的IFRS指標是股東回報率。具體調整數據請參見第頁。 46;

——不包括非自然活動的有形權益回報率代表不包括非自然活動影響的有形權益回報率。第一頁提供了調解。 48;

有形淨資產淨值每股是通過將股東權益（不包括非控制權益和其他股本工具以及商譽和無形資產）除以已發行普通股數量來計算的。可比的IFRS指標是每股淨資產價值。頁面上提供了一項調解。 49.

– 不包括非有機活動的總收入代表不包括非有機活動影響的總收入。頁上提供了調解。 48.


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巴克萊銀行	2


票據

前瞻性聲明本新聞稿中包括的關於未來表現和結果、預期、規劃、策略、重點、承諾和其他聲明（包括與我們社會、環境和其他可持續性目標有關的聲明）的非歷史事實的前瞻性聲明，是根據美國聯邦證券法的定義而作出的前瞻性聲明。本新聞稿中關於我們環境和其他可持續性計劃和目標的前瞻性聲明以及其他聲明並不意味着這些聲明對於投資者、我們的業務、運營結果、財務狀況、前景或策略、對我們在可持續發展事項上的影響或其他當事方來說均是重要的，或者必須披露在我們向證券交易委員會（「SEC」）或其他監管機構的備案中。此外，歷史、現有及未來涉及社會、環境和可持續性的相關聲明可能是基於仍在發展的衡量進展的標準、不斷演變的內部控制和流程以及假設，在將來可能會發生變化。前瞻性聲明基於當前的信仰、期望和假設，並受到可能導致實際結果與前瞻性聲明有實質性差異的重大風險、不確定性和情況變化的影響。

本文件在美國證券交易法案1934年修訂案第21E條和美國證券法1933年修訂案第27A條的意義上包含某些前瞻性陳述，涉及到集團。巴克萊銀行提醒讀者，沒有任何前瞻性聲明能夠保證未來業績，實際結果或其他財務狀況或績效指標可能會與前瞻性聲明中包含的內容大不相同。前瞻性聲明的特點是不僅涉及歷史事實或現狀事實。前瞻性聲明有時會使用諸如『可能』、『將會』、『尋求』、『繼續』、『旨在』、『預期』、『目標』、『預計』、『期望』、『估計』、『打算』、『計劃』、『目標』、『相信』、『實現』或其他類似含義的詞語。前瞻性聲明可以是書面形式，也可由集團的董事、高管和員工（包括在本文件中進行管理演示過程中）口頭表述。前瞻性聲明示例包括但不限於有關集團未來財務狀況、業務策略、收入水平、成本、資產和負債、減值損失、準備金、資本槓桿和其他監管比率、資本分配（包括分紅政策和股票回購的政策）、有形權益回報、銀行和金融市場增長水平的預測、行業趨勢、任何承諾和目標（包括與環境、社會和治理（esg）承諾和目標有關的承諾和目標）、未來業務運營計劃和目標，國際財務報告準則（IFRS）以及其他非歷史或當前事實的聲明。由於前瞻性聲明涉及未來事件和情況，其性質使其涉及風險和不確定性。前瞻性聲明僅在發表時有效。前瞻性聲明可能受多種因素影響，包括但不限於：法律法規、政府和監管政策、期望和行動、自願實踐規範及其解釋，IFRS和其他會計準則的變化，包括解釋和應用方式的實踐，以及新興和發展中的ESG報告標準；當前和未來法律訴訟結果和監管調查；集團及政府和其他利益相關者有效測量、管理和減輕氣候變化影響的能力；環境、社會和地緣政治風險和事件以及類似集團無法控制的情況；銀行和金融服務業競爭的影響；適用於過去、現在和未來時期的資本、流動性、槓桿和其他監管規則和要求；英國、美國、歐元區和全球宏觀經濟和商業狀況，包括通脹；信貸和資本市場波動；市場相關風險，如利率和匯率變化、改革基準利率和指數；資產價值的高低；集團或其發行的任何實體的信用評級變化；交易對手風險變化；消費者行爲變化；烏克蘭衝突和中東衝突對歐洲和全球宏觀經濟狀況、政治穩定和金融市場的直接和間接影響；政治選舉，包括2024年英國、歐洲和美國選舉對歐盟與英國關係的影響；網絡攻擊、信息披露或安全漏洞、技術故障或運營中斷及對集團聲譽、業務或運營的任何後續影響；集團獲取資金的能力；以及收購、處置和其他戰略交易的成功與否。其中許多因素超出了集團的控制範圍。因此，集團的實際財務狀況、結果、財務和非財務指標或績效指標或其達到承諾和目標的能力可能會與集團前瞻性聲明中設定的聲明或指導不同。巴克萊銀行在設定其2024年至2026年期間的目標和展望時，已就宏觀經濟環境作了一些假設，包括但不限於通脹、利率和失業率，巴克萊運營的各種市場和競爭條件，以及其增長某些業務和實現成本節約和其他結構性行動的能力。可能會影響集團未來財務狀況和績效的其他風險和因素在巴克萊銀行PLC向美國證券交易委員會（SEC）提交的文件中有所說明（包括但不限於巴克萊銀行PLC截至2023年12月31日財政年度的20-F表格年度報告），可在SEC網站www.sec.gov上查閱。

根據巴克萊銀行在任何相關司法管轄區（包括但不限於英國和美國）根據披露和持續信息方面適用法律法規的義務，我們不承擔更新或修訂任何前瞻性聲明的公開義務，無論是基於新信息、未來事件或其他原因。


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巴克萊銀行	3


業績亮點

巴克萊銀行在2024年和2026年的目標中，Q324時的權益回報率（roe）爲10.6%，有形權益回報率（rote）爲12.3%，Q324年初至今的roe爲9.9%，rote爲11.5%，業績方面保持在正軌。

•集團roe爲10.6％，法定rote爲 12.3％，2024年q324的roe爲9.9％，rote爲11.5％，2024年至今的roe目標保持不變

•2024年集團淨利息收入（NII），不包括投資銀行（IB）和總部的指導，從約110億英鎊增加到超過110億英鎊。1在此期間，巴克萊銀行英國淨利息收入指導從約63億英鎊增加到約65億英鎊。2

•Q324和Q324截至YTD的團體成本收入比爲61%，2024年團體成本收入比目標約爲63%，保持不變。

•在Q324交付了進一步的30億英鎊毛成本效率節約，導致Q324年初至今節約爲7億英鎊，預計2024年實現約10億英鎊的毛成本效率節約。

•謹慎的風險管理，Q324貸款損失率(LLR)爲37bps 以及Q324年度累計LLR爲42bps，低於50-60bps的全週期目標區間，預計FY24將位於該區間的底部，包括對Tesco銀行收購的首日影響

•資產負債表強勁，普通股權一級（CET1）比率爲13.8%，位於13-14%的目標區間內

•c.8.0p每股分配相當額度在H124公佈：現已支付2.9p的股息，以及75000萬英鎊的股票回購進展順利

•每股淨資產值（NAV）爲407便士（2023年12月：382便士），每股有形淨資產值（TNAV）爲351便士（2023年12月：331便士）

關鍵財務指標:

法定

收益

稅前利潤

成本：收益比例

LLR

roe

RoTE

每股收益

每股資產淨值

每股TNAV

CET1比率

Q324

65億英鎊

22億英鎊

16億英鎊

61%

37個點子

10.6%

12.3%

10.7p

407p

351p

13.8%

Q324 年初至今

19.8十億英鎊

6.4十億英鎊

4.4十億英鎊

61%

42bps

9.9%

11.5%

29.3p

不包括無機活性3

RoTE

Q324

12.3%

年初至今 Q324

12.1%

Q324績效亮點:

•集團roe爲10.6％（Q323：9.3％），法定rote爲12.3％（Q323：11.0％），稅前利潤22億英鎊（Q323：19億英鎊）

–Q324沒有任何非有機交易。3

•集團收入達65億英鎊，同比增長5%，其中集團淨利息收入爲33億英鎊，除巴克萊銀行英國分行和總部外，集團淨利息收入爲28億英鎊，其中巴克萊銀行英國分行淨利息收入爲17億英鎊

–巴克萊銀行英國收入增加了4％，更高的結構對沖收入部分抵消了抵押貸款利差壓力和存款產品動態不利，這在2024年全年已穩定。

–巴克萊銀行英國企業銀行（UKCB）的收入增加了1%，受高平均存款餘額推動

–巴克萊銀行私人銀行和财富管理(PBWM)收入下降3%，因爲客戶餘額的增長被Q323季度不重複的與時間有關的一次性因素抵消。

–巴克萊銀行投資銀行（IB）收入增長6%。全球貨幣市場收入增長3%，其中FICC和股票分別上漲3%。投資銀行收入增長13%，由於諮詢和債務和股本市場的更高費用收入部分抵消了國際公司銀行的收入降低

–巴克萊銀行美元指數消費銀行（USCB）收入下降2%，受到英鎊對美元走強的影響，部分抵消了較高的餘額

•集團總營業費用穩定在40億英鎊，其中30億英鎊的成本效益節省大大抵消了通貨膨脹，從而支持投資支出和業務增長

•信用減值損失爲40億英鎊（Q323：40億英鎊） LLR爲37個點子（Q323：42個點子）

1管理部門不將前瞻性「集團淨利息收入」（目標）作爲業務的績效指標進行評估，因此，無法在不合理的努力下將前瞻性的非IFRS衡量指標「集團淨利息收入（不含Ib和總部）」（目標）與等效的IFRS衡量指標進行調和。

2本數字不包括購併樂購銀行零售銀行業務的2024年影響，預計將於2024年11月1日完成，初始年化淨利息收入約爲40000萬英鎊。有關本交易更多詳細信息，請參閱第9頁的其他事項。

3無機活動指的是作爲FY23投資者更新的一部分公佈的某些無機交易，旨在在2024年後改善集團RoTE。截至Q324 YTD，包括以22000萬英鎊的價格出售表現良好的意大利零售抵押貸款組合而產生的損失，以及從德國消費金融業務出售所產生的2000萬英鎊的損失，這兩筆損失發生在H124。Q324中沒有發生任何無機交易。


		,
巴克萊銀行	4


業績亮點

Q324年度至今業績亮點：

•集團roe爲9.9%（Q323: 10.5%），法定rote爲11.5%（Q323 YTD: 12.5%），稅前利潤爲64億英鎊（Q323 YTD: 64億英鎊）

–除非有機活動影響，否則RoTE集團爲12.1%1

•集團收入爲198億英鎊，同比保持穩定。，其中集團淨利息收入爲94億英鎊，排除Ib和總部後的集團淨利息收入爲82億英鎊。其中巴克萊英國的淨利息收入爲48億英鎊

•集團總營業費用達121億英鎊，同比增長1%。其中包括英格蘭銀行（BoE）徵稅計劃所帶來的9300萬英鎊影響。2

–集團運營成本穩定在 120 億英鎊，其中 7 億英鎊的成本效率節省超過了通貨膨脹，促進了投資支出和業務增長

•信用減值損失爲13億英鎊（Q323 年初至今：13億英鎊）具有42個基本點的應急流動資金率（Q323 年初至今：43個基本點）

•13.8%的CET1比率（2023年12月：13.8%）, 風險加權資產爲340.4億英鎊（2023年12月：342.7億英鎊），每股淨資產爲407便士（2023年12月：382便士），每股調整後淨資產爲351便士（2023年12月：331便士）

集團財務目標和展望

2024

•退貨：靶向大於 10% 的 RoTE 和不包括無機活性的 RoTE1,3 約爲 0.10.5%

–對FY24集團RoTE的所有無機業務活動的累積影響預計將在很大程度上保持中立，據估計，在Q424完成對Tesco銀行的收購後，預計的淨收益應該大致抵消我們意大利零售抵押貸款組合以及德國消費金融業務的處置帶來的損失

•收入：目標巴克萊銀行集團除IB和總部外的淨利息收入超過110億英鎊（之前的目標爲約110億英鎊），其中巴克萊銀行英國淨利息收入現在約爲65億英鎊4 （比之前的目標約63億英鎊更高）5

•成本：針對集團成本：收入比率約63％，其中包括2024年約10億英鎊的毛效率節省。

•減值：預計透過週期獲得50-60個點子的LLR

•資本：預計將在13-14%的CET1比率目標區間內運營

2026

•懷舊口味"橙子片"回歸目標超過12%的RoTE3

•資本回報：計劃在2024年至2026年間至少向股東返還100億英鎊的資本，通過分紅和股票回購的方式，繼續傾向於進行回購。計劃將絕對金額上的總分紅保持在2023年水平穩定，通過增加股票回購導致的股數減少以推動每股股息的逐步增長。分紅將繼續每半年支付一次。該多年計劃須經監管部門和董事會批准，預計的財務表現以及我們公佈的CET1比例目標區間爲13-14%。

•收入：目標是群體總收入約30億英鎊

•成本：目標是將集團營業費用控制在約170億英鎊，集團成本收入比率高的50%左右。其中包括到2026年實現的總體節約成本約20億英鎊。

•減值損失預計透過整個週期的LLR爲50-60bps

•資本預計將在13-14%的CET1比率目標區間內運作。

–2026年將把目標定在將國內銀行資產減少約50%。

–預計依據我們之前的指引，監管變革對風險加權資產的影響將位於集團風險加權資產的5-10%較低端。6

–此前估計的聯合信貸銀行（USCb）轉向內部評級基礎（IRB）模型產生的約160億英鎊的風險資產權重影響與先前的指引保持一致，但可能會受到時間安排和模型構建以及投資組合變化的影響。其中約50億英鎊將在2026年實施巴塞爾3.1時反映出來，其餘部分隨後產生。

–2025年某個時間點開始實施，支柱2A可能會適度增加，直到模型實施。

1無機活動是指作爲FY23投資者更新的一部分宣佈的一些無機交易，旨在改善2024年以後的集團RoTE。在Q324 YTD中，這包括表現良好的意大利零售抵押貸款組合出售造成的22000萬英鎊虧損和德國消費業務處置造成的2000萬英鎊虧損，均發生在H124。Q324中沒有發生無機交易。預計FY24還將包括非表現良好的意大利抵押貸款組合出售的虧損以及Tesco銀行收購的影響。

22024年8月，巴克萊銀行確認了在2024/2025財政年度BoE稅收計劃的最終費用爲9300萬英鎊，低於Q124中預計的12000萬英鎊。因此，在Q324中確認了2700萬英鎊的釋放。請參見第9頁的其他事項。

3管理層不將前瞻性的「淨資產收益率」（目標roe）視爲業務績效指標，因此，未進行前瞻性非IFRS 指標「有形資產收益率」（目標roTE）和「排除非自然增長的有形資產收益率活動」的調解，以獲得等效的IFRS 指標，這是沒有不合理的努力來實現。

4管理不能將前瞻性的「集團利息淨收入」（指標）作爲業務績效指標進行評估，因此，無法在沒有不合理努力的情況下對前瞻性的非IFRS指標「扣除Ib和總部的集團利息淨收入」（指標）與等效的IFRS指標進行調和。

5除銀行業務的2024年對樂購銀行零售銀行業務收購的影響外，預計該收購將於2024年11月1日完成，預計初始年化淨利息收入約爲40000萬英鎊。有關收購的更多詳情，請參見第9頁的其他事項。

6根據2023年12月的風險加權資產達到342.7億英鎊。


		,
巴克萊銀行	5


業績亮點


巴克萊銀行集團業績	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
巴克萊銀行英國	5,659	5,795	(2)	1,946	1,873	4
巴克萊銀行英國企業銀行	1,322	1,375	(4)	445	440	1
巴克萊銀行私人銀行和财富管理	958	895	7	326	337	(3)
巴克萊銀行投資銀行	9,198	8,998	2	2,851	2,686	6
巴克萊銀行美國消費銀行	2,469	2,402	3	791	809	(2)
總部	218	315	(31)	188	113	66
總收入	19,824	19,780	—	6,547	6,258	5
營業成本	(11,951)	(11,979)	—	(3,954)	(3,949)	—
英國監管費用1	(93)	—	#DIV/0!	27	—	#DIV/0!
訴訟和行爲	(99)	(32)		(35)	—
營業費用總計	(12,143)	(12,011)	(1)	(3,962)	(3,949)	—
其他淨收入	37	7		21	9
減值前利潤	7,718	7,776	(1)	2,606	2,318	12
信貸減值損失	(1,271)	(1,329)	4	(374)	(433)	14
稅前利潤	6,447	6,447	—	2,232	1,885	18
稅收	(1,304)	(1,257)	(4)	(412)	(343)	(20)
稅後利潤	5,143	5,190	(1)	1,820	1,542	18
非控股權益	(29)	(39)	26	(3)	(9)	67
其他股本持有者	(763)	(766)	—	(253)	(259)	2
	4,351	4,385	(1)	1,564	1,274	23

績效指標
平均股東權益報酬率	9.9%	10.5%		10.6%	9.3%
平均有形股東權益的平均回報率	11.5%	12.5%		12.3%	11.0%
平均股東權益（十億英鎊）	58.3	55.5		59.1	55.1
平均有形股東權益（十億英鎊）	50.4	47.0		51.0	46.5
成本：收益比例	61%	61%		61%	63%
貸款損失率（基本點）	42	43		37	42
每股普通股基本收益	29.3p	28.2p		10.7p	8.3p



基本加權平均股票數量（百萬）	14,863	15,564	(5)	14,648	15,405	(5)
期末股份數量（百萬股）	14,571	15,239	(4)


	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表和資本管理2	十億英鎊	十億英鎊	十億英鎊
攤銷成本的貸款和墊款	399.2	399.5	405.4
攤銷成本貸款和墊款減值覆蓋率	1.3%	1.4%	1.4%
總資產	1,531.1	1,477.5	1,591.7
攤銷成本的存入資金	542.8	538.8	561.3
每份淨資產價值	407p	382p	370p
每股有形淨資產價值	351p	331p	316p
普通股股東權益一級資本充足率	13.8%	13.8%	14.0%
普通股一級資本	47.0	47.3	48.0
風險加權資產	340.4	342.7	341.9
英國槓桿比率	4.9%	5.2%	5.0%
英國槓桿敞口	1,197.4	1,168.3	1,202.4

資金和流動性
集團流動性池（十億英鎊）	311.7	298.1	335.0
流動性覆蓋率	170.1%	161.4%	158.7%
淨穩定資金比率3	135.6%	138.0%	138.2%
貸款：存款比率	74%	74%	72%

1包括英國銀行徵稅計劃和英國銀行徵稅方案的影響。

2請參考頁面 37至41 以了解有關資本、風險加權資產和槓桿計算方法的更多信息。

3表示過去四個點位季度末的平均值。


		,
巴克萊銀行	6


業績亮點

財務業績的調整不包括非有機活動1


























截至九月底的九個月的營業租賃成本	30.09.24			30.09.23
	法定	無機活動	不包括無機活動	法定
	£百萬	£百萬	£百萬	£百萬	百分比變動
巴克萊銀行英國	5,659	—	5,659	5,795	(2)
巴克萊銀行英國企業銀行	1,322	—	1,322	1,375	(4)
巴克萊銀行私人銀行和财富管理	958	—	958	895	7
巴克萊銀行投資銀行	9,198	—	9,198	8,998	2
巴克萊銀行美國消費銀行	2,469	—	2,469	2,402	3
總部	218	(240)	458	315	45
總收入	19,824	(240)	20,064	19,780	1






營業成本	(11,951)	—	(11,951)	(11,979)	—
英國監管費用	(93)	—	(93)	—	#DIV/0!
訴訟和行爲	(99)	—	(99)	(32)
營業費用總計	(12,143)	—	(12,143)	(12,011)	(1)
其他淨收入	37	—	37	7
減計淨利	7,718	(240)	7,958	7,776	2
信貸減值損失	(1,271)	—	(1,271)	(1,329)	4
稅前利潤	6,447	(240)	6,687	6,447	4
	4,351	(233)	4,584	4,385	5

平均股東權益（十億英鎊）	58.3			55.5
平均有形股東權益（十億英鎊）	50.4		50.4	47.0
股東權益報酬率2	9.9%			10.5%
平均有形股東權益的平均回報率	11.5%		12.1%	12.5%
成本：收益比例	61%		61%	61%


截至三個月結束時	30.09.24			30.09.23
	法定	無機活動	不包括無機活動	法定
	£百萬	£百萬	£百萬	£百萬	百分比變動
巴克萊銀行英國	1,946	—	1,946	1,873	4
巴克萊銀行英國企業銀行	445	—	445	440	1
巴克萊銀行私人銀行和财富管理	326	—	326	337	(3)
巴克萊銀行投資銀行	2,851	—	2,851	2,686	6
巴克萊銀行美國消費銀行	791	—	791	809	(2)
總部	188	—	188	113	66
總收入	6,547	—	6,547	6,258	5






營業成本	(3,954)	—	(3,954)	(3,949)	—
英國監管費用	27	—	27	—	#DIV/0!
訴訟和行爲	(35)	—	(35)	—	#DIV/0!
營業費用總計	(3,962)	—	(3,962)	(3,949)	—
其他淨收入	21	—	21	9
減值前利潤	2,606	—	2,606	2,318	12
信貸減值損失	(374)	—	(374)	(433)	14
稅前利潤	2,232	—	2,232	1,885	18
	1,564	—	1,564	1,274	23

平均股東權益（十億英鎊）	59.1			55.1
平均有形股東權益（十億英鎊）	51.0		51.0	46.5
股東權益報酬率2	10.6%			9.3%
平均有形股東權益的平均回報率	12.3%		12.3%	11.0%
成本：收益比例	61%		61%	63%

2管理層不分析除非有機活動外的roe。


		,
巴克萊銀行	7


集團財務董事審查

Q324年度集團業績

•巴克萊銀行實現稅前利潤爲£644700萬（截至第三季度累計：£64.47億），roe爲9.9%（截至第三季度累計：10.5%），roe of 11.5%（截至第三季度累計：12.5%），每股收益（EPS）爲29.3便士（截至第三季度累計：28.2便士）

•該集團在業務和地理位置上擁有多樣化的收入來源，包括在美國擁有顯著的業務規模。英鎊對美元指數的升值對收入和利潤產生了負面影響，但對信貸減值損失、總營業費用和風險權重資產產生了積極影響。

•集團法定收入穩定在1982400萬英鎊，包括非自然增長的影響1

–除去非組織活動的影響，集團收入增長1％，主要由於較高的結構對沖收入、較高的投資銀行手續費、權益收入增加以及美元清算和結算業務的餘額增長部分抵消了FICC收入下降以及巴克萊英國存款和抵押貸款產品動態不利的影響

•集團總營業費用增至1214300萬英鎊（Q323 YTD：12011萬英鎊），包括英格蘭銀行徵稅方案的影響9300萬英鎊2

–集團運營成本，不包括英國監管費用、訴訟費用和經營成本，在11.95億英鎊的水平穩定，節約了7億英鎊的成本效益，超過了通貨膨脹，從而促進了投資支出和業務增長

•信貸減值準備金爲127100萬英鎊（Q323截至年底：13.29億英鎊），主要受美國信用卡違約率預期上升的影響，部分抵消了信貸風險管理行動和方法改進，以及跨組合的宏觀經濟前景改善。總覆蓋率爲1.3%（2023年12月：1.4%）

•有效稅率(ETR)爲20.2%(Q323 YTD: 19.5%)

•歸屬利潤爲435100萬元英鎊 (Q323 YTD：43.85 億英鎊)

•總資產增加至1,531.1億英鎊 (2023年12月：1,477.5億英鎊), 受交易證券增加和Ib相對FY23的季節性增長推動，部分抵消了英鎊對美元的升值

•每股資產淨值增加至407便士（2023年12月：382便士），每股調整後資產淨值增加至351便士（2023年12月：331便士）包括每股收益爲29.3便士，現金流量套期儲備受益9便士，由於在FY23業績中宣佈的股票回購以及在H124業績中宣佈的持續股票回購導致的減少股份計數帶來約6便士的益處。這些部分被Q324截至至今支付的分紅減少8便士以及淨負其他儲備變動抵消

集團資本和槓桿

•CET1比率保持穩定在13.8%（2023年12月：13.8%），隨着風險加權資產減少23億英鎊至3404億英鎊，抵消了CET1資本減少30億英鎊至470億英鎊：

–歸屬利潤增加了約130個點子

–c.80個點子的下降是由股東分配造成的，包括隨FY23和H124業績公佈的18億英鎊的股票回購，以及對FY24股息的預提款項

–來自其他資本流動的c.20個基本點的減少

–由於包括巴克萊銀行英國的監管模型變化在內，導致風險加權資產增加52億英鎊，減少約20個點子，不考慮匯率期貨運動的影響

–由於貨幣轉換準備金減少13億英鎊，主要被外匯波動導致的75億英鎊減少的風險加權資產所抵銷。

•英國槓桿比率由於一級資本減少了17億英鎊，暴露風險增加到1,197.4億英鎊（2023年12月：1,168.3億英鎊）而下降到4.9%（2023年12月：5.2%）。資本減少是由於在該期間贖回AT1工具。暴露風險增加主要是由於Ib中交易證券和擔保放貸增加，部分抵消了英鎊對美元升值的影響。

集團資金和流動性

•流動性指標仍遠高於監管要求，得益於資金來源多元化、穩定的全球貨幣存入資金以及高流動性資產負債表。

•流動性池爲3117億英鎊（2023年12月爲2981億英鎊）。流動性池增加主要是由於國際公司銀行和期限批發融資中的存入資金增長驅動。

•平均3 流動性覆蓋率（LCR）提高至170.1%（2023年12月：161.4%），相當於1260億英鎊的盈餘（2023年12月：1177億英鎊）

•總存款增加了40億英鎊，達到5428億英鎊（2023年12月：5388億英鎊）

•平均4 淨穩定資金比率（NSFR）爲135.6%（2023年12月：138.0%），比100%監管要求多出1640億英鎊（2023年12月：1671億英鎊）的盈餘

•未包括回購協議的批發融資餘額爲1789億英鎊（2023年12月：1768億英鎊）

22024年8月，巴克萊銀行確認了2024/2025財年英國銀行徵費計劃的最終費用爲9300萬英鎊，低於第124季度確認的12000萬英鎊的估計費用。因此，在第324季度確認了2700萬英鎊的釋放。請參閱第7頁的其他事項。

3代表過去12個季末點比率的平均值。

4代表最近四個季度末點比率的平均值。


		,
巴克萊銀行	8


集團財務董事審查

團體資金和流動性（續）

•集團在H124從巴克萊銀行（母公司）發行了128億英鎊等值的自有基金和符合資本及負債最低要求（MREL）工具。該集團擁有強勁的MREL頭寸，比率達到34.9%，超過了30.1%的監管要求，再加上一項機密的、機構特定的英國金融穩定監管局（PRA）緩衝區

其他事項

•2024年所有無機活動的累積影響預計將使集團的核心一級資本比率下降約10個點子，並且預計對FY24集團RoTE影響中立，因爲在2024年第四季度完成對Tesco銀行收購後的預計淨收益，應該大致抵消意大利零售按揭組合以及德國消費業務出售所造成的損失。

•收購樂購銀行的零售銀行業務： 2024年2月9日，巴克萊銀行與樂購個人金融有限公司達成協議，收購其在「樂購銀行」品牌下開展的零售銀行業務的某些資產和責任（包括信用卡、無抵押貸款和存款）。高等法院於2024年10月17日批准了這一轉讓，並預計將於2024年11月1日生效。

–預計收購將帶來約5億英鎊的收入增長，這是由於支付給淨資產的考慮金額低於公允價值所致，部分抵銷了IFRS 9承認的預計收購後減值損失約2億英鎊，從而產生了首日稅前淨利潤約3億英鎊，以及FY24集團RoTE的50個點子增長。1包括稅前首日盈利，巴克萊集團的CET1比率現在預計將因增加約70億英鎊的風險加權資產而減少約20個點子（先前約30個點子）的完成，這些影響將作爲巴克萊FY24結果的一部分得到確認。

•意大利零售抵押品處置: 2024年4月24日，巴克萊銀行宣佈一項交易，根據該交易，巴克萊銀行愛爾蘭分行打算處置其位於總部的意大利零售抵押貸款組合。此次出售於2024年第二季度完成，出售虧損22000萬英鎊，減少風險加權資產80億英鎊。該交易對巴克萊的普通股1核心一級資本比率影響基本中立，將使2024財年集團回報股東權益率降低約40個點子

–2024年10月22日，巴克萊銀行同意出售其不良意大利零售抵押貸款組合。該組合中大多數貸款的銷售現已完成，剩餘部分的銷售預計將在Q424晚些時候完成。預計此交易將產生約3000萬歐元的小額稅前損失，並將減少大約12500萬歐元的風險加權資產。因此，預計該交易對巴克萊銀行的 CET1 比率基本保持中立。

–巴克萊銀行仍在討論剩餘的與瑞士法郎掛鉤的意大利零售抵押貸款組合的處置事宜。如果銷售發生，預計將會在出售時產生進一步的小額損失，但總體對巴克萊的 CET1 比率中立。

•出售德國公司nsumer 金融業務： 2024年7月4日，愛爾蘭巴克萊銀行同意將其德國消費金融業務（包括信用卡、無抵押個人貸款和存款）出售給BAWAG Group AG的全資子公司BAWAG P.s.k.，以小額的淨資產溢價。在按照國際財務報告準則第5號（持有待售的非流動資產和已停止運營）的要求將處置成本和會計調整包括在內時，巴克萊銀行在224財年記錄了總部處置集團的2000萬英鎊虧損，預計將減少約5個點子至24財年集團的RoTE1。此次出售需滿足某些條件，包括監管部門的批准和相關法院的制裁，預計將在第424季度或125季度完成。此次出售完成後，預計將釋放約34億英鎊的RWA，使巴克萊的CET1比率提高約10個點子

•英國金融行爲監管局汽車金融審查： 2024年1月，英國金融行爲監管局（FCA）宣佈指定一名技術專家對幾家公司歷史上在汽車金融市場上使用離任佣金協議和銷售進行審查。這是在英國金融調解服務（FOS）做出兩項最終決定之後，其中一項是支持針對Clydesdale Financial Services Limited（CFS）（巴克萊銀行PLC的子公司）涉及銷售汽車金融產品中的佣金協議和披露的投訴，以及一些投訴和法院訴訟，包括一些涉及CFS的。我們已向高等法院對FOS的這一決定提起司法複覈。巴克萊將全力配合FCA技術專家審查，其結果目前尚不明確，可能會產生潛在的財務影響。FCA目前計劃在2025年5月就這一事宜進一步行動。巴克萊於2019年末停止了在汽車金融市場的運營，而CFS當時是巴克萊銀行集團的子公司。

•英國銀行業清償費方案：在獲得議會批准後，新的清償費對策於Q124年啓動，取代現金儲備存款方案成爲資助英國銀行業貨幣政策和金融穩定運營的手段，將負收入轉爲運營成本。2024年8月，巴克萊銀行在2024/2025財政年度的最終費用確認爲9300萬英鎊，低於Q124承認的12000萬英鎊的預估費用。因此，在Q324年度確認了2700萬英鎊的釋放。9300萬英鎊的費用將部分抵銷低於2024年資金成本的c.7500萬英鎊的增加收入。

1管理層並不將前瞻性的「淨資產回報率」（目標roe）作爲業務績效指標進行評估，因此無法在不合理的努力下進行前瞻性的非IFRS衡量標準「有形資產回報率」（目標rote）與等效的IFRS衡量標準進行調解。

安娜·克羅斯，集團財務董事


		,
巴克萊銀行	9


業務結果


巴克萊銀行英國	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
損益表信息	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
淨利息收入	4,812	4,856	(1)	1,666	1,578	6
淨費用、佣金及其他收入	847	939	(10)	280	295	(5)
總收入	5,659	5,795	(2)	1,946	1,873	4
營業成本	(3,065)	(3,240)	5	(1,017)	(1,058)	4
英國監管費用	(42)	—	#DIV/0!	12	—	#DIV/0!
訴訟和行爲	(7)	12		(1)	9
營業費用總計	(3,114)	(3,228)	4	(1,006)	(1,049)	4
其他淨收入	—	—		—	—	#DIV/0!
減值前利潤	2,545	2,567	(1)	940	824	14
信貸減值損失	(82)	(267)	69	(16)	(59)	73
稅前利潤	2,463	2,300	7	924	765	21




	1,684	1,580	7	621	531	17

績效指標
Return on average allocated equity	15.6%	15.0%		17.1%	15.2%
平均分配的有形淨資產收益率	21.4%	20.6%		23.4%	21.0%
平均分配的股本（十億英鎊）	14.4	14.0		14.5	14.0
平均分配的有形股本（十億英鎊）	10.5	10.2		10.6	10.1
成本：收益比例	55%	56%		52%	56%
貸款損失率（基本點）	5	16		3	10
淨利息收益率	3.21%	3.15%		3.34%	3.04%
















	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表信息	十億英鎊	十億英鎊	十億英鎊
按攤餘成本列支給客戶的貸款和墊款	199.3	202.8	204.9
總資產	292.2	293.1	299.9
按攤餘成本列支的客戶存款	236.3	241.1	243.2
貸款：存款比率	92%	92%	92%
風險加權資產	77.5	73.5	73.2


		,
巴克萊銀行	10


業務結果


巴克萊銀行英國分析	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
總收入分析	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
個人銀行業務	3,486	3,662	(5)	1,184	1,165	2
巴克萊銀行消費者英國	706	722	(2)	249	238	5
企業銀行業務	1,467	1,411	4	513	470	9
總收入	5,659	5,795	(2)	1,946	1,873	4

信貸減值（費用）/釋放分析
個人銀行業務	(37)	(205)	82	3	(85)
巴克萊銀行消費業務英國	(78)	(89)	12	(15)	29
企業銀行業務	33	27	22	(4)	(3)	(33)
信貸減值損失總額	(82)	(267)	69	(16)	(59)	73

	截至24年9月30日	截至23年12月31日	截至23年9月30日
對按攤銷成本計量的客戶貸款和墊款的分析	十億英鎊	£bn	十億英鎊
個人銀行業務	168.1	170.1	172.3
巴克萊銀行消費者英國	10.6	9.7	9.6
企業銀行業務	20.6	23.0	23.0
按攤餘成本計提客戶貸款及墊款總額	199.3	202.8	204.9

按攤餘成本計提客戶存款分析
個人銀行業務	182.9	185.4	186.1
巴克萊銀行消費業務英國	—	—	—
企業銀行業務	53.4	55.7	57.1
客戶存款總額按攤銷成本計量	236.3	241.1	243.2


		,
巴克萊銀行	11


業務結果

巴克萊銀行英國業績表現強勁，roe爲15.6%（Q323 YTD：15.0%），rote爲21.4%（Q323 YTD：20.6%）得益於強勁的收入、良好的資產質量和紀律嚴明的成本管理，不斷投入轉型工作，打造更簡單、更優越、更平衡的零售銀行。

利潤表 - 截至Q324年度的收入對比Q323年度的收入

•稅前利潤增加7%至£246300萬，ROE爲15.6%（Q323截至目前年度：15.0%），ROTE爲21.4%（Q323截至目前年度：20.6%

•總收入下降2%，至565900萬英鎊。淨利息收入下降1%，至481200萬英鎊，由於持續的結構性對沖動量被抵消抵掉了抵押貸款利差壓力和存款產品動態不利，這在2024年整個過程中已穩定下來。淨手續費、佣金和其他收入下降10%。至84700萬英鎊，主要是受到财富管理與投資（WM＆I）轉至PBWM的影響。1

•總營業費用下降了4% 至£311400萬, 受 WM&I 轉至 PBWM 推動1 部分被通貨膨脹影響抵消。持續的效率節約繼續被重新投資，包括投資於我們的轉型計劃，以提高成本：收入比率的可持續改善

•信貸損失準備金爲8200萬英鎊（截至第三季度累計：2.67億英鎊）主要由英國信用卡逾期率低、高質量的抵押貸款組合和改善的宏觀經濟前景推動。英國信用卡的30天和90天欠款率分別保持在0.7%（第三季度：0.9%）和0.2%（第三季度：0.2%）較低水平。英國信用卡總撥備比率降至5.6%（2023年12月：6.8%），主要受支付能力調整釋放推動，得到了強勁的信貸表現的支持

2024年9月30日資產負債表與2023年12月31日相比

•按攤銷成本計量的客戶貸款和墊款減少35億英鎊，至1993億英鎊受限抵押貸款需求疲弱及更廣泛市場因素影響，以及業務銀行持續償還政府計劃貸款驅動

•客戶按攤餘成本計提的存入資金減少48億英鎊，至236.3億英鎊，由於業務銀行業務和零售活期帳戶餘額減少，反映了更廣泛的市場趨勢。貸款存款比率保持在92%（2023年12月：92%）

•內部資本的權重資產總額增至77.5億英鎊（2023年12月爲73.5億英鎊）, 主要受監管模型變更驅動

2023年5月，WM&I被調動。


		,
巴克萊銀行	12


業務結果


巴克萊銀行英國企業銀行	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
損益表信息	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
淨利息收入	882	913	(3)	309	304	2
淨費、佣金、交易和其他收入	440	462	(5)	136	136	—
總收入	1,322	1,375	(4)	445	440	1
營業成本	(685)	(647)	(6)	(229)	(224)	(2)
英國監管費用	(23)	—	#DIV/0!	7	—	#DIV/0!
訴訟和行爲	—	2		—	2
營業費用總計	(708)	(645)	(10)	(222)	(222)	—
其他淨收入	—	2		—	—	#DIV/0!
減值前利潤	614	732	(16)	223	218	2
信貸減值損失/釋放	(36)	45		(13)	(15)	13
稅前利潤	578	777	(26)	210	203	3




	392	525	(25)	144	129	12

績效指標
Return on average allocated equity	17.3%	24.4%		18.8%	18.3%
平均分配的有形淨資產收益率	17.3%	24.4%		18.8%	18.3%
平均分配的股本（十億英鎊）	3.0	2.9		3.1	2.8
平均分配的有形股本（十億英鎊）	3.0	2.9		3.1	2.8
成本：收益比例	54%	47%		50%	50%
貸款損失率（基本點）	19	(22)		21	21


	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表信息	十億英鎊	十億英鎊	十億英鎊
按攤餘成本列支給客戶的貸款和墊款	24.8	26.4	26.9

攤銷成本的存入資金	82.3	84.9	82.7
風險加權資產	22.1	20.9	19.5


	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
總收入分析	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
企業貸款	196	198	(1)	67	69	(3)
交易銀行業務	1,126	1,177	(4)	378	371	2
總收入	1,322	1,375	(4)	445	440	1

UKCb的roe爲17.3%（Q323至今：24.4%），rote爲17.3%（Q323至今：24.4%）由於增加的平均存款收入被較低的流動性池收入抵消，繼續投資支持未來增長雄心以及英國央行徵費計劃的年度累積影響。

收入報表 - 截至Q324年同比Q323年

•稅前利潤下降26%，達到57800萬英鎊 (Q323 年初至今: 7.77億英鎊)

•總收入下降4%，達到132200萬英鎊由於較高利率環境中增加的存入資金收入超過了流動性池收入的下降

•總營業費用增加了10%，達到了708百萬英鎊, 反映出更高的持續支出來支持增長抱負以及英格蘭銀行徵稅方案對年度影響

•信貸減值損失爲3600萬英鎊（Q323年累計：釋放4500萬英鎊)，受強勁的基礎信貸表現和單一名稱損失有限的推動。先前期間的釋放是由於改善的宏觀經濟前景

2024年9月30日資產負債表與2023年12月31日相比

•對客戶的貸款和墊款按攤銷成本計值下降16億英鎊至248億英鎊（2023年12月：264億英鎊）由於核心增長的增長大大被抵消對IB內國際企業銀行的邊界進行細化，減少約20億英鎊

•按攤餘成本計量的客戶存款減少26億英鎊至823億英鎊（2023年12月：849億英鎊）主要由於對國際公司銀行（IB）的邊界進行了約20億英鎊的調整而推動

•風險加權資產增加至22.1億英鎊（2023年12月：20.9億英鎊）反映較高的客戶貸款額度，支持未來的貸款增長


		,
巴克萊集團	13


業務結果


巴克萊銀行私人銀行和财富管理	截至九月底的九個月的營業租賃成本				截至三個月結束時
	30.09.24	30.09.23			30.09.24	30.09.23
損益表信息	£百萬	£百萬	百分比變動		£百萬	£百萬	百分比變動
淨利息收入	551	586	(6)		189	219	(14)
淨費用、佣金及其他收入	407	309	32		137	118	16
總收入	958	895	7		326	337	(3)
營業成本	(656)	(540)	(21)		(222)	(214)	(4)
英國監管費用	(2)	—	#DIV/0!		1	—	#DIV/0!
訴訟和行爲	1	—			—	—
營業費用總計	(657)	(540)	(22)		(221)	(214)	(3)
其他淨收入	—	—	#DIV/0!	`	—	—	#DIV/0!
減值前利潤	301	355	(15)		105	123	(15)
信貸減值損失/釋放	(4)	(8)	50		(7)	2
稅前利潤	297	347	(14)		98	125	(22)




	225	283	(20)		74	102	(27)

績效指標
Return on average allocated equity	27.0%	34.0%			26.5%	37.6%
平均分配的有形淨資產收益率	29.5%	37.1%			29.0%	41.2%
平均分配的股本（十億英鎊）	1.1	1.1			1.1	1.1
平均分配的有形股本（十億英鎊）	1.0	1.0			1.0	1.0
成本：收益比例	69%	60%			68%	63%
貸款損失率（基本點）	4	7			19	(7)

關鍵事實	十億英鎊	十億英鎊


投資資產1	122.4	105.4
客戶資產和負債2	201.5	178.7

	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表信息	十億英鎊	十億英鎊	十億英鎊
按攤餘成本列支給客戶的貸款和墊款	14.0	13.6	13.4

攤銷成本的存入資金	64.8	60.3	59.7
風險加權資產	7.3	7.2	7.2

PBWm交付了27.0%的roe（Q323年初至今爲34.0%），以及29.5%的rote（Q323年初至今爲37.1%), 通過客戶資產增長13%的年度增長達到了2015億英鎊，主要受到投資資產的推動1 由於市場波動和基本增長的結果。

利潤表 - 截至Q324年度的收入對比Q323年度的收入

•稅前利潤下降14%，至29700萬英鎊，roe爲27.0%（Q323 YTD: 34.0%），rote爲29.5%（Q323 YTD: 37.1%）

•總收入增加了7%，達到958百萬英鎊反映了巴克萊銀行英國分支轉入的WM&I3 以及更高的客戶資產和負債餘額，部分抵消了較低的流動性池收入

•總營業費用增長22%至65700萬英鎊, 反映了從巴克萊銀行英國轉移的WM&I和更高的持續支出，包括招聘，以支持業務增長

2024年9月30日資產負債表與2023年12月31日相比

•客戶資產和負債增加186億英鎊，達到2015億英鎊受市場波動和基本增長的影響，投資資產增加136億英鎊，存款增加45億英鎊，客戶總貸款增加05億英鎊

•按攤銷成本計量的存款增加45億英鎊，達到648億英鎊，受客戶流入的基礎增長推動

•RWAs在73億英鎊處穩定（2023年12月：72億英鎊）

1投資資產代表着管理和監督下的資產。

2客戶資產和負債是指客戶存款、貸款和投資資產。

32023年5月，WM&I被轉移。


		,
巴克萊銀行	14


業務結果


巴克萊銀行投資銀行	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
損益表信息	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
淨利息收入	747	1,111	(33)	282	397	(29)
淨交易收入	4,979	5,283	(6)	1,512	1,497	1
淨費用、佣金及其他收入	3,472	2,604	33	1,057	792	33
總收入	9,198	8,998	2	2,851	2,686	6
營業成本	(5,763)	(5,685)	(1)	(1,906)	(1,840)	(4)
英國監管費用	(26)	—	#DIV/0!	7	—	#DIV/0!
訴訟和行爲	(29)	7		(17)	6
營業費用總計	(5,818)	(5,678)	(2)	(1,916)	(1,834)	(4)
其他淨收入	—	1		—	2
減值前利潤	3,380	3,321	2	935	854	9
信貸減值損失/釋放	(77)	(79)	3	(43)	23
稅前利潤	3,303	3,242	2	892	877	2




	2,266	2,190	3	652	580	12

績效指標
Return on average allocated equity	10.1%	10.1%		8.8%	8.0%
平均分配的有形淨資產收益率	10.1%	10.1%		8.8%	8.0%
平均分配的股本（十億英鎊）	29.8	29.0		29.5	28.8
平均分配的有形股本（十億英鎊）	29.8	29.0		29.5	28.8
成本：收益比例	63%	63%		67%	68%
貸款損失率（基本點）	9	10		15	(8)
















	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表信息	十億英鎊	十億英鎊	十億英鎊
按攤銷成本計提的對客戶的貸款和墊款	64.5	62.7	62.3
按攤餘成本計量的向銀行的貸款和墊款	6.7	7.3	9.5
按攤餘成本計量的債務證券	44.8	38.9	36.3
攤銷成本的貸款和墊款	116.0	108.9	108.1
交易組合資產	185.8	174.5	155.3
金融資產衍生工具資產	256.7	255.1	280.4
按公允價值計量且計入損益的金融資產	210.8	202.5	237.2
現金抵押品和結算餘額	134.7	102.3	134.6


攤銷成本的存入資金	139.8	132.7	154.2
衍生金融工具負債	249.4	249.7	268.3

風險加權資產	194.2	197.3	201.1


	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
總收入分析	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
TD Securities (USA) LLC	3,733	4,121	(9)	1,180	1,147	3
股票	2,271	1,942	17	692	675	3
全球貨幣市場	6,004	6,063	(1)	1,872	1,822	3
諮詢服務。	472	422	12	186	80
股本市場	253	181	40	64	62	3
債務資本市場	1,165	847	38	344	233	48
銀行手續費和承銷	1,890	1,450	30	594	375	58
企業貸款	108	236	(54)	(21)	103
交易銀行業務	1,196	1,249	(4)	406	386	5
國際企業銀行	1,304	1,485	(12)	385	489	(21)
投資銀行	3,194	2,935	9	979	864	13

總收入	9,198	8,998	2	2,851	2,686	6


		,
巴克萊銀行	15


業務結果

Ib實現了10.1%的roe（Q323 YTD: 10.1%）和10.1%的rote（Q323 YTD: 10.1%）反映出各業務和地理區域的多元化收入流的益處。銀行費用和承銷以及權益收入的增加部分被固定收益和國際公司銀行收入的減少部分抵消。成本略有增加，而減值仍低於去年。

利潤表 - 截至Q324年度的收入對比Q323年度的收入

•Ib在業務和地理上擁有多樣化的收入來源，包括在美國擁有重要業務。 GBP對美元指數的升值對收入和利潤產生不利影響，對信貸減值損失、總營業費用和風險加權資產產生積極影響。

•稅前利潤增加至330300萬英鎊（截至 Q323 年初至今：3242 萬英鎊）

•總收入增加2%，達到919800萬英鎊

–全球貨幣市場收入下降1%，至600400萬英鎊，因權益收入增加超過了固定收益及貨幣市場收入的減少

–股本收入增加了17%，達到227100萬元，反映了衍生品和現金產品的客戶活動增加，另外在Q124，Visa b股票的公允價值收益爲12500萬元提供了支持。

–FICC收入下降9％至373300萬英鎊，反映了宏觀領域客戶活動減少以及上年通脹效益不復發生，部分抵消了具有強勁表現的證券產品

–投資銀行業務收入增加了9%，達到3,194百萬英鎊

–銀行手續費和承銷收入增加了30%，達到189000萬英鎊。股本市場費用增加了40%，受到交易活動增加驅動，包括在Q224完成的一項大型英國權益發行所產生的費用。債務資本市場費用增加了38%。受到槓桿融資和投資級發行活動增加的推動。諮詢費收入增加了12%，達到47200萬英鎊。

–國際公司銀行收入下降12%，至£130400萬，其中包括Q324槓桿融資公允價值損失影響的£8500萬，降低了公司貸款收入。交易銀行收入下降4%，至£119600萬，受到毛利率擠壓的影響，因爲客戶繼續轉向提供更高利率回報的產品和較低流動性資金池收入。

•總營業費用增加2%，達到581800萬英鎊反映通貨膨脹的影響，Q224結構性成本措施以及英國銀行業的徵稅計劃預計影響，部分抵消了效率節約

•信貸減值損失爲7700萬英鎊（截至第三季度年初至今：7900萬英鎊），受單一名稱損失驅動，部分抵消了信貸保護的好處和改善的宏觀經濟前景

2024年9月30日資產負債表與2023年12月31日相比

•按攤銷成本計提的貸款及墊款增加了71億英鎊，達到1160億英鎊受到對債務證券投資的增加和與UKCB邊界的調整約20億英鎊的推動

•交易組合資產增加113億英鎊，達到1858億英鎊由於全球貨幣市場中債務證券交易增加，以滿足客戶需求驅動

•衍生資產增加了16億英鎊，達到2567億英鎊，而負債保持在2494億英鎊左右，反映了股票市場上客戶活動增加，而宏觀市場由於市場波動降低而減少

•根據收入表的公允價值計量，金融資產增加了83億英鎊，達到2108億英鎊受擔保貸款餘額增加驅動

•按攤餘成本計量的存款增加了71億英鎊，達到139.8億英鎊。由存款增長推動，主要是國際企業銀行和細化英國企業銀行的邊界而增加了約20億英鎊。

•RWAs減少到194.2億英鎊（2023年12月：197.3億英鎊）由於英鎊對美元的升值驅動


		,
巴克萊銀行	16


業務結果


巴克萊美國消費者銀行	九個月已結束			三個月結束了
	30.09.24	30.09.23		30.09.24	30.09.23
損益表信息	m 英鎊	m 英鎊	% 變化	m 英鎊	m 英鎊		% 變化
淨利息收入	1,981	1,918	3	647	662		(2)
淨費用、佣金和其他收入	488	484	1	144	147		(2)
總收入	2,469	2,402	3	791	809		(2)
運營成本	(1,179)	(1,232)	4	(384)	(404)		5
英國監管稅	—	—	#DIV /0！	—	—		#DIV /0！
訴訟和行爲	(14)	(4)		(9)	—		#DIV /0！
運營費用總額	(1,193)	(1,236)	3	(393)	(404)		3
其他淨收入	—	—	#DIV /0！	—	—		#DIV /0！
減值前利潤	1,276	1,166	9	398	405		(2)
信用減值費用	(995)	(989)	(1)	(276)	(404)		32
稅前利潤	281	177	59	122	1




應占利潤	208	134	55	89	3

業績衡量標準
平均分配權益回報率	7.5%	4.6%		9.3%	0.3%
平均分配有形資產回報率	8.4%	5.7%		10.9%	0.4%
平均分配權益（十億英鎊）	3.7	3.9		3.8	3.8
平均分配的有形股權（十億英鎊）	3.3	3.2		3.3	3.1
成本：收入比率	48%	51%		50%	50%
貸款損失率（點子）	497	480		411	582
淨利率	10.64%	10.84%		10.38%	10.88	%









	截至30.09.24	截至 31.12.23	截至 30.09.23
資產負債表信息	十億英鎊	十億英鎊	十億英鎊
按攤銷成本向客戶提供貸款和墊款	23.2	24.2	24.3

按攤銷成本計算的存款	19.4	19.7	19.3
風險加權資產	23.2	24.8	24.1

USCb全年回報率爲7.5%（Q323 YTD: 4.6%），回報加權資本利潤率爲8.4%（Q323 YTD: 5.7%）信用卡餘額增長推動收入增加，部分抵消了英鎊對美元的升值，約£0.9bn（$1.1bn）的未償信用卡應收款項在Q124賣給了黑石，從減少風險資產權益需求中獲益。

收入報表 - 截至Q324年同比Q323年

•英鎊升值對美元的負面影響了收入和利潤，並對信用減值損失、總營業費用和風險加權資產產生了積極影響

•稅前利潤爲28100萬英鎊（Q323 YTD：177m英鎊）

•總收入增長3%，達到246900萬英鎊。 NII增長3%，達到198100萬英鎊，反映了卡片餘額的基本增長，部分抵消了英鎊對美元的升值。淨手續費、佣金和其他收入增長1%，達到48800萬英鎊，原因是購買增加和帳戶增長。1

•總營業費用下降了3%，至119300萬英鎊，受效率節約和英鎊兌美元的走強影響

•信用減值損失爲99500萬英鎊（Q323 YTD：989百萬英鎊）, 主要受美國信用卡逾期率預期上升推動，導致覆蓋率提高，部分抵消了信用風險管理措施和方法的影響。美國信用卡的30天和90天逾期率分別爲3.0%（Q323：2.7%）和1.6%（Q323：1.3%）。USCb總覆蓋率爲10.3%（2023年12月：10.1%），因持續儲備建立部分抵消了Q324債務銷售的影響

2024年9月30日資產負債表與2023年12月31日相比

•對客戶的應計成本貸款和墊款保持穩定，爲232億英鎊（2023年12月：242億英鎊）卡片餘額的基礎增長被英鎊對美元的升值所抵消

•客戶以攤銷成本計量的存入資金保持穩定，爲194億英鎊（2023年12月：197億英鎊）在覈心存款增長符合美國建設銀行（USCB）增長核心存款的雄心的情況下，GBP對美元的升值抵消了基礎存款增長

•風險加權資產減少至23.2億英鎊（2023年12月：24.8億英鎊），反映在Q124將應收賬款出售給黑石公司，以及英鎊兌美元匯率走強。

1包括巴克萊銀行帳戶和爲第三方提供服務的帳戶。


		,
巴克萊銀行	17


業務結果


總部	截至九月底的九個月的營業租賃成本			截至三個月結束時
	30.09.24	30.09.23		30.09.24	30.09.23
損益表信息	£百萬	£百萬	百分比變動	£百萬	£百萬	百分比變動
淨利息收入	463	185		215	87
淨手續費、佣金和其他收入	(245)	130		(27)	26
總收入	218	315	(31)	188	113	66
營業成本	(603)	(635)	5	(197)	(210)	6
英國監管費用	—	—	#DIV/0!		—	#DIV/0!
訴訟和行爲	(50)	(49)	(2)	(7)	(16)	56
營業費用總計	(653)	(684)	5	(204)	(226)	10
其他淨收入	37	4		21	7
減值前損益	(398)	(365)	(9)	5	(106)
信貸減值損失/釋放	(77)	(31)		(19)	20
稅前虧損	(475)	(396)	(20)	(14)	(86)	84




可歸屬虧損	(424)	(327)	(30)	(16)	(71)	77

績效指標
平均分配的股本（十億英鎊）	6.3	4.6		7.1	4.6
平均分配的有形股本（十億英鎊）	2.8	0.7		3.5	0.7

	截至24年9月30日	截至23年12月31日	截至23年9月30日
資產負債表信息	十億英鎊	十億英鎊	十億英鎊

風險加權資產	16.1	19.0	16.8

利潤表 - 截至Q324年度的收入對比Q323年度的收入

•稅前虧損爲47500萬英鎊（2023年第三季度累計：3.96億英鎊）

•總收入下降至21800萬英鎊（截至Q323年度：3.15億英鎊）主要是由於意大利零售抵押貸款業務轉讓造成的損失以及德國消費金融業務的剝離影響所致。部分抵消了傳統投資和套期保值出售所獲得的收益

•總營業費用下降至£65300萬（Q323 YTD：£684m）

•信用減值損失爲7700萬英鎊（截至第三季度年初至今：3100萬英鎊），反映出穩定的信用表現。在先前時期的較低損失受到建模的德國消費者金融業務中通貨膨脹壓力減輕的影響。

2024年9月30日資產負債表與2023年12月31日相比

•風險加權資產降至16.1億英鎊（2023年12月：19.0億英鎊）主要來自於意大利零售按揭投資組合的出售，以及與商戶獲取現金結算餘額相關的減少


		,
巴克萊銀行	18


季度業績摘要


巴克萊銀行集團
	Q324		Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	£百萬		£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
淨利息收入	3,308		3,056	3,072	3,139	3,247	3,270	3,053	2,741
手續費、佣金和其他收入	3,239		3,268	3,881	2,459	3,011	3,015	4,184	3,060
總收入	6,547		6,324	6,953	5,598	6,258	6,285	7,237	5,801
營業成本	(3,954)		(3,999)	(3,998)	(4,735)	(3,949)	(3,919)	(4,111)	(3,748)
英國監管費用1	27		—	(120)	(180)	—	—	—	(176)
訴訟和行爲	(35)		(7)	(57)	(5)	—	(33)	1	(79)
營業費用總計	(3,962)		(4,006)	(4,175)	(4,920)	(3,949)	(3,952)	(4,110)	(4,003)
其他淨利潤/(費用)	21		4	12	(16)	9	3	(5)	10
減值前利潤	2,606		2,322	2,790	662	2,318	2,336	3,122	1,808
信貸減值損失	(374)		(384)	(513)	(552)	(433)	(372)	(524)	(498)
稅前利潤	2,232		1,938	2,277	110	1,885	1,964	2,598	1,310
稅收(收費)/抵免	(412)		(427)	(465)	23	(343)	(353)	(561)	33
稅後利潤	1,820		1,511	1,812	133	1,542	1,611	2,037	1,343
非控股權益	(3)		(23)	(3)	(25)	(9)	(22)	(8)	(22)
其他股本持有者	(253)		(251)	(259)	(219)	(259)	(261)	(246)	(285)
可歸屬利潤/(虧損)	1,564		1,237	1,550	(111)	1,274	1,328	1,783	1,036

績效指標
平均股東權益報酬率	10.6%		8.6%	10.6%	(0.8)%	9.3%	9.6%	12.8%	7.5%
平均有形股東權益的平均回報率	12.3%		9.9%	12.3%	(0.9)%	11.0%	11.4%	15.0%	8.9%
平均股東權益（十億英鎊）	59.1		57.7	58.3	57.1	55.1	55.4	55.9	54.9
平均有形股東權益（十億英鎊）	51.0		49.8	50.5	48.9	46.5	46.7	47.6	46.7
成本：收益比例	61%		63%	60%	88%	63%	63%	57%	69%
貸款損失率（基本點）	37		38	51	54	42	37	52	49
每股普通股基本收益	10.7p		8.3p	10.3p	(0.7)p	8.3p	8.6p	11.3p	6.5p
基本加權平均股票數量（百萬）	14,648		14,915	14,983	15,092	15,405	15,523	15,770	15,828
期末股份數量（百萬股）	14,571		14,826	15,091	15,155	15,239	15,556	15,701	15,871


資產負債表和資本管理2	十億英鎊		十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本計提的對客戶的貸款和墊款	326.5		329.8	332.1	333.3	339.6	337.4	343.6	343.3
按攤餘成本計量的向銀行的貸款和墊款	8.1		8.0	8.5	9.5	11.5	10.9	11.0	10.0
按攤餘成本計量的債務證券	64.6		61.7	57.4	56.7	54.3	53.1	48.9	45.5
攤銷成本的貸款和墊款	399.2		399.5	397.9	399.5	405.4	401.4	403.5	398.8
攤銷成本貸款和墊款減值覆蓋率	1.3%		1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%
總資產	1,531.1		1,576.6	1,577.1	1,477.5	1,591.7	1,549.7	1,539.1	1,513.7
攤銷成本的存入資金	542.8		557.5	552.3	538.8	561.3	554.7	555.7	545.8
每份淨資產價值	407p		393p	387p	382p	370p	347p	356p	347p
每股有形淨資產價值	351p		340p	335p	331p	316p	291p	301p	295p
普通股股東權益一級資本充足率	13.8%		13.6%	13.5%	13.8%	14.0%	13.8%	13.6%	13.9%
普通股一級資本	47.0		47.7	47.1	47.3	48.0	46.6	46.0	46.9
風險加權資產	340.4		351.4	349.6	342.7	341.9	336.9	338.4	336.5
英國槓桿比率	4.9%		5.0%	4.9%	5.2%	5.0%	5.1%	5.1%	5.3%
英國槓桿敞口	1,197.4		1,222.7	1,226.5	1,168.3	1,202.4	1,183.7	1,168.9	1,130.0



資金和流動性
集團流動性池（十億英鎊）	311.7		328.7	323.5	298.1	335.0	330.7	333.0	318.0
流動性覆蓋率	170.1%		167.0%	163.2%	161.4%	158.7%	157.2%	156.6%	155.5%
淨穩定資金比率	135.6%		136.4%	135.7%	138.0%	138.2%	138.8%	139.2%	137.0%
貸款：存款比率	74	%	72%	72%	74%	72%	72%	73%	73%

1包括英國銀行徵稅計劃和英國銀行徵稅方案的影響。

2請參考頁面 37至41 以了解有關資本、風險加權資產和槓桿計算方法的更多信息。


		,
巴克萊銀行	19


業務的季度業績


英國巴克萊
	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊
淨利息收入	1,666	1,597	1,549	1,575	1,578	1,660	1,618	1,600
淨費用、佣金和其他收入	280	290	277	217	295	301	343	370
總收入	1,946	1,887	1,826	1,792	1,873	1,961	1,961	1,970
運營成本	(1,017)	(1,041)	(1,007)	(1,153)	(1,058)	(1,090)	(1,092)	(1,108)
英國監管稅	12	—	(54)	(30)	—	—	—	(26)
訴訟和行爲	(1)	(4)	(2)	(4)	9	5	(2)	(13)
運營費用總額	(1,006)	(1,045)	(1,063)	(1,187)	(1,049)	(1,085)	(1,094)	(1,147)
其他淨收入	—	—	—	—	—	—	—	1
減值前利潤	940	842	763	605	824	876	867	824
信用減值費用	(16)	(8)	(58)	(37)	(59)	(95)	(113)	(157)
稅前利潤	924	834	705	568	765	781	754	667




應占利潤	621	584	479	382	531	534	515	474

資產負債表信息	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本向客戶提供貸款和墊款	199.3	198.7	200.8	202.8	204.9	206.8	208.2	205.1

按攤銷成本計算的客戶存款	236.3	236.8	237.2	241.1	243.2	249.8	254.3	258.0
貸款：存款比率	92%	91%	92%	92%	92%	90%	90%	87%
風險加權資產	77.5	76.5	76.5	73.5	73.2	73.0	74.6	73.1


業績衡量標準
平均分配權益回報率	17.1%	16.2%	13.4%	10.8%	15.2%	15.1%	14.8%	13.8%
平均分配有形資產回報率	23.4%	22.3%	18.5%	14.9%	21.0%	20.9%	20.0%	18.7%
平均分配權益（十億英鎊）	14.5	14.4	14.3	14.1	14.0	14.2	13.9	13.7
平均分配的有形股權（十億英鎊）	10.6	10.5	10.4	10.2	10.1	10.2	10.3	10.2
成本：收入比率	52%	55%	58%	66%	56%	55%	56%	58%
貸款損失率（點子）	3	1	11	7	10	17	20	27
淨利率	3.34%	3.22%	3.09%	3.07%	3.04%	3.22%	3.18%	3.10%


		,
巴克萊銀行	20


按業務劃分的季度業績


巴克萊銀行英國的分析	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
總收入分析	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
個人銀行業務	1,184	1,174	1,128	1,067	1,165	1,244	1,253	1,229
巴克萊銀行消費業務英國	249	228	229	242	238	237	247	269
企業銀行業務	513	485	469	483	470	480	461	472
總收入	1,946	1,887	1,826	1,792	1,873	1,961	1,961	1,970

信貸減值（費用）/釋放分析
個人銀行業務	3	(26)	(14)	35	(85)	(92)	(28)	(120)
巴克萊銀行消費英國	(15)	(25)	(38)	(73)	29	(35)	(83)	(12)
企業銀行業務	(4)	43	(6)	1	(3)	32	(2)	(25)
信貸減值損失總額	(16)	(8)	(58)	(37)	(59)	(95)	(113)	(157)

對按攤銷成本計量的客戶貸款和墊款的分析	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
個人銀行業務	168.1	167.3	169.0	170.1	172.3	173.3	173.6	169.7
巴克萊銀行消費英國	10.6	10.2	9.8	9.7	9.6	9.3	9.0	9.2
企業銀行業務	20.6	21.2	22.0	23.0	23.0	24.2	25.6	26.2
按攤餘成本計提客戶貸款及墊款總額	199.3	198.7	200.8	202.8	204.9	206.8	208.2	205.1

按攤餘成本計提客戶存款分析
個人銀行業務	182.9	183.3	183.4	185.4	186.1	191.1	194.3	195.6
巴克萊銀行消費業務英國	—	—	—	—	—	—	—	—
企業銀行業務	53.4	53.5	53.8	55.7	57.1	58.7	60.0	62.4
客戶存款總額按攤銷成本計量	236.3	236.8	237.2	241.1	243.2	249.8	254.3	258.0


		,
巴克萊銀行	21


業務的季度業績


巴克萊銀行英國企業銀行
	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
淨利息收入	309	296	277	247	304	299	310	324
淨費、佣金、交易和其他收入	136	147	157	148	136	173	153	153
總收入	445	443	434	395	440	472	463	477
營業成本	(229)	(235)	(221)	(258)	(224)	(213)	(210)	(213)
英國監管費用	7	—	(30)	(8)	—	—	—	(7)
訴訟和行爲	—	—	—	(1)	2	—	—	—
營業費用總計	(222)	(235)	(251)	(267)	(222)	(213)	(210)	(220)
其他淨支出/收入	—	—	—	(5)	—	1	1	1
減值前利潤	223	208	183	123	218	260	254	258
信貸減值損失/釋放	(13)	(8)	(15)	(18)	(15)	84	(24)	(52)
稅前利潤	210	200	168	105	203	344	230	206




	144	135	113	59	129	239	157	131

資產負債表信息	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本計提的對客戶的貸款和墊款	24.8	25.7	25.7	26.4	26.9	26.9	27.2	26.9

攤銷成本的存入資金	82.3	84.9	81.7	84.9	82.7	82.6	83.6	84.4

風險加權資產	22.1	21.9	21.4	20.9	19.5	20.6	20.2	21.1


績效指標
Return on average allocated equity	18.8%	18.0%	15.2%	8.4%	18.3%	32.9%	21.7%	17.8%
平均分配的有形淨資產收益率	18.8%	18.0%	15.2%	8.4%	18.3%	32.9%	21.7%	17.8%
平均分配的股本（十億英鎊）	3.1	3.0	3.0	2.8	2.8	2.9	2.9	2.9
平均分配的有形股本（十億英鎊）	3.1	3.0	3.0	2.8	2.8	2.9	2.9	2.9
成本：收入比率	50%	53%	58%	68%	50%	45%	45%	46%
貸款損失率（基本點）	21	12	23	27	21	(123)	36	74


總收入分析	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
企業貸款	67	57	72	64	69	68	61	66
交易銀行業務	378	386	362	331	371	404	402	411
總收入	445	443	434	395	440	472	463	477


		,
巴克萊銀行	22


業務的季度業績


巴克萊銀行私人銀行和财富管理
	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
淨利息收入	189	187	175	182	219	186	181	205
手續費、佣金和其他收入	137	133	137	131	118	113	78	81
總收入	326	320	312	313	337	299	259	286
營業成本	(222)	(220)	(214)	(255)	(214)	(182)	(144)	(153)
英國監管費用	1	—	(3)	(4)	—	—	—	(4)
訴訟和行爲	—	1	—	2	—	—	—	—
營業費用總計	(221)	(219)	(217)	(257)	(214)	(182)	(144)	(157)
其他淨收入	—	—	—	—	—	—	—	—
減值前利潤	105	101	95	56	123	117	115	129
信貸減值損失/釋放	(7)	3	—	4	2	(7)	(3)	(10)
稅前利潤	98	104	95	60	125	110	112	119




	74	77	74	47	102	91	90	92

資產負債表信息	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本計提的對客戶的貸款和墊款	14.0	13.9	13.7	13.6	13.4	13.8	14.3	14.4

攤銷成本的存入資金	64.8	64.6	61.9	60.3	59.7	59.2	60.8	62.3
風險加權資產	7.3	7.0	7.2	7.2	7.2	7.2	7.5	7.8

客戶資產和負債1	201.5	198.5	189.1	182.9	178.7	174.1	141.5	139.4

績效指標
Return on average allocated equity	26.5%	28.1%	26.3%	17.4%	37.6%	32.8%	31.6%	32.1%
平均分配的有形淨資產收益率	29.0%	30.8%	28.7%	19.1%	41.2%	35.9%	34.5%	34.9%
平均分配的股本（十億英鎊）	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.2
平均分配的有形股本（十億英鎊）	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.1
成本：收益比例	68%	68%	70%	82%	63%	61%	56%	55%
貸款損失率（基本點）	19	(9)	—	(10)	(7)	20	7	26

1客戶資產和負債是指客戶存款、貸款和投資資產。


		,
巴克萊銀行	23


業務的季度業績


巴克萊銀行投資銀行
	Q324	Q224		Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	£百萬	£百萬		£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
淨利息收入	282	268		197	282	397	555	159	228
淨交易收入	1,512	1,485		1,982	757	1,497	1,351	2,435	1,197
手續費、佣金和其他收入	1,057	1,266		1,149	998	792	837	975	731
總收入	2,851	3,019		3,328	2,037	2,686	2,743	3,569	2,156
營業成本	(1,906)	(1,900)		(1,957)	(1,934)	(1,840)	(1,813)	(2,032)	(1,619)
英國監管費用	7	—		(33)	(123)	—	—	—	(119)
訴訟和行爲	(17)	(3)		(9)	(2)	6	(1)	2	(55)
營業費用總計	(1,916)	(1,903)		(1,999)	(2,059)	(1,834)	(1,814)	(2,030)	(1,793)
其他淨支出/收入	—	—		—	(1)	2	—	(1)	1
減少/（損失）在減值之前的利潤	935	1,116		1,329	(23)	854	929	1,538	364
信貸減值損失/釋放	(43)	(44)		10	(23)	23	(77)	(25)	(22)
稅前利潤/（損失）	892	1,072		1,339	(46)	877	852	1,513	342




可歸屬利潤/(虧損)	652	715		899	(149)	580	562	1,048	313

資產負債表信息	十億英鎊	十億英鎊		十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本計提的對客戶的貸款和墊款	64.5	66.6		64.6	62.7	62.3	59.1	63.1	64.6
按攤餘成本計量的向銀行的貸款和墊款	6.7	6.6		7.6	7.3	9.5	9.0	9.1	8.1
按攤餘成本計量的債務證券	44.8	41.7		40.4	38.9	36.3	35.1	30.7	27.2
攤銷成本的貸款和墊款	116.0	114.9		112.6	108.9	108.1	103.2	102.9	99.9
交易投資組合資產	185.8	197.2		195.3	174.5	155.3	165.0	137.6	133.7
衍生金融工具資產	256.7	251.4		248.9	255.1	280.4	264.8	256.5	301.6
按公允價值計量且計入損益的金融資產	210.8	211.7		225.1	202.5	237.2	231.1	243.8	209.4
現金抵押品和結算餘額	134.7	139.8		129.8	102.3	134.6	122.1	124.3	106.2


攤銷成本的存入資金	139.8	151.3		151.1	132.7	154.2	142.9	137.3	121.5
衍生金融工具負債	249.4	241.8		241.5	249.7	268.3	254.5	246.7	288.9

風險加權資產	194.2	203.3		200.4	197.3	201.1	197.2	198.0	195.9


績效指標
Return on average allocated equity	8.8%	9.6%		12.0%	(2.1)%	8.0%	7.7%	14.4%	4.0%
平均分配的有形淨資產收益率	8.8%	9.6	%	12.0%	(2.1)%	8.0%	7.7%	14.4%	4.0%
平均分配的股本（十億英鎊）	29.5	29.9		30.0	28.9	28.8	29.0	29.1	30.9
平均分配的有形股本（十億英鎊）	29.5	29.9		30.0	28.9	28.8	29.0	29.1	30.9
成本：收入比率	67%	63%		60%	101%	68%	66%	57%	83%
貸款損失率（基本點）	15	15		(4)	8	(8)	30	10	9

總收入分析	£百萬	£百萬		£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
TD Securities (USA) LLC	1,180	1,149		1,404	724	1,147	1,186	1,788	976
股票	692	696		883	431	675	563	704	440
全球貨幣市場	1,872	1,845		2,287	1,155	1,822	1,749	2,492	1,416
諮詢服務。	186	138		148	171	80	130	212	197
股本市場	64	121		68	38	62	69	50	40
債務資本市場	344	420		401	301	233	273	341	243
銀行費用和承銷	594	679		617	510	375	472	603	480
企業貸款	(21)	87		42	(23)	103	100	33	(194)
交易銀行業務	406	408		382	395	386	422	441	454
國際公司銀行業務	385	495		424	372	489	522	474	260
投資銀行	979	1,174		1,041	882	864	994	1,077	740

總收入	2,851	3,019		3,328	2,037	2,686	2,743	3,569	2,156


		,
巴克萊銀行	24


按業務劃分的季度業績


巴克萊美國消費者銀行
	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊	m 英鎊
淨利息收入	647	646	688	686	662	622	634	639
淨費用、佣金、交易和其他收入	144	173	171	180	147	145	192	149
總收入	791	819	859	866	809	767	826	788
運營成本	(384)	(408)	(387)	(418)	(404)	(401)	(427)	(425)
英國監管稅	—	—	—	—	—	—	—	—
訴訟和行爲	(9)	(2)	(3)	(2)	—	(4)	—	(3)
運營費用總額	(393)	(410)	(390)	(420)	(404)	(405)	(427)	(428)
其他淨收入	—	—	—	—	—	—	—	—
減值前利潤	398	409	469	446	405	362	399	360
信用減值費用	(276)	(309)	(410)	(449)	(404)	(264)	(321)	(224)
稅前利潤/（虧損）	122	100	59	(3)	1	98	78	136




應占利潤/（虧損）	89	75	44	(3)	3	72	59	101

資產負債表信息	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊
按攤銷成本向客戶提供貸款和墊款	23.2	24.3	23.6	24.2	24.3	22.9	22.5	23.6

按攤銷成本計算的存款	19.4	20.0	20.3	19.7	19.3	17.9	18.1	18.3
風險加權資產	23.2	24.4	23.9	24.8	24.1	22.5	22.5	23.9


業績衡量標準
平均分配權益回報率	9.3%	8.4%	4.8%	(0.3)%	0.3%	7.5%	6.0%	9.9%
平均分配有形資產回報率	10.9%	9.2%	5.3%	(0.3)%	0.4%	9.3%	7.5%	12.6%
平均分配權益（十億英鎊）	3.8	3.6	3.6	3.6	3.8	3.9	3.9	4.1
平均分配的有形股權（十億英鎊）	3.3	3.3	3.3	3.3	3.1	3.1	3.1	3.2
成本：收入比率	50%	50%	46%	48%	50%	53%	52%	54%
貸款損失率（點子）	411	438	610	636	582	411	515	337
淨利率	10.38%	10.43%	11.12%	10.88%	10.88%	10.66%	10.97%	10.64%


		,
巴克萊銀行	25


按業務劃分的季度業績


總部
	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
損益表信息	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
淨利息收入	215	62	186	167	87	(52)	151	(255)
手續費、佣金和其他收入	(27)	(226)	8	28	26	95	8	379
總收入	188	(164)	194	195	113	43	159	124
營業成本	(197)	(195)	(211)	(717)	(210)	(221)	(204)	(229)
英國監管費用	—	—	—	(14)	—	—	—	(20)
訴訟和行爲	(7)	1	(44)	1	(16)	(32)	(1)	(9)
營業費用總計	(204)	(194)	(255)	(730)	(226)	(253)	(205)	(258)
其他淨利潤/(費用)	21	4	12	(10)	7	2	(5)	7
減少/（損失）在減值之前的利潤	5	(354)	(49)	(545)	(106)	(208)	(51)	(127)
信貸減值損失/釋放	(19)	(18)	(40)	(29)	20	(13)	(38)	(33)
稅前虧損	(14)	(372)	(89)	(574)	(86)	(221)	(89)	(160)




可歸屬虧損	(16)	(349)	(59)	(447)	(71)	(170)	(86)	(75)

資產負債表信息	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊	十億英鎊

風險加權資產	16.1	18.3	20.2	19.0	16.8	16.4	15.6	14.7


績效指標
平均分配的股本（十億英鎊）	7.1	5.7	6.3	6.6	4.6	4.3	5.0	2.1
平均分配的有形股本（十億英鎊）	3.5	2.1	2.8	2.7	0.7	0.5	1.2	(1.6)


		,
巴克萊銀行	26


績效管理


利潤率和餘額
	截至24年9月30日的九個月			截至23年9月30日的九個月
	淨利息收入	客戶資產的平均值	淨利息收益率	淨利息收入	客戶資產的平均值	淨利息收益率
	£百萬	£百萬	%	£百萬	£百萬	%
巴克萊銀行英國	4,812	199,938	3.21	4,856	206,338	3.15
巴克萊銀行英國企業銀行	882	22,552	5.22	913	23,157	5.27
巴克萊銀行私人銀行和财富管理	551	13,862	5.31	586	14,071	5.57
巴克萊銀行美國消費銀行	1,981	24,864	10.64	1,918	23,661	10.84
不包括Ib和總部的集團	8,226	261,216	4.21	8,273	267,227	4.14
巴克萊銀行投資銀行	747			1,111
總部	463			185
巴克萊銀行集團淨利息收入總額	9,436			9,570

The Group excluding IB and Head Office net interest margin (NIM) increased by 7bps from 4.14% in Q323 to 4.21% in Q324, due to continued structural hedge momentum and higher cards balances in USCB, partially offset by mortgage margin pressure in Barclays UK and adverse product dynamics in deposits.


季度分析

	Q324	Q224	Q124	Q423	Q323
淨利息收入	£百萬	£百萬	£百萬	£百萬	£百萬
巴克萊銀行英國	1,666	1,597	1,549	1,575	1,578
巴克萊銀行英國企業銀行	309	296	277	247	304
巴克萊銀行私人銀行和财富管理	189	187	175	182	219
巴克萊銀行美國消費銀行	647	646	688	686	662
排除Ib和總部的集團	2,811	2,726	2,689	2,690	2,763

平均客戶資產	£百萬	£百萬	£百萬	£百萬	£百萬
巴克萊銀行英國	198,616	199,529	201,669	203,646	205,693
巴克萊銀行英國企業銀行	23,049	22,474	22,257	23,354	23,225
巴克萊銀行私人銀行和财富管理	14,061	13,931	13,593	13,525	13,594
巴克萊銀行美國消費銀行	24,798	24,899	24,880	25,012	24,128
排除總部和IB的集團	260,524	260,833	262,399	265,537	266,640

淨利息收益率	%	%	%	%	%
巴克萊銀行英國	3.34	3.22	3.09	3.07	3.04
巴克萊銀行英國企業銀行	5.33	5.30	5.00	4.19	5.19
巴克萊銀行私人銀行和财富管理	5.35	5.40	5.17	5.33	6.40
巴克萊銀行美國消費銀行	10.38	10.43	11.12	10.88	10.88
不包括Ib和總部的集團	4.29	4.20	4.12	4.02	4.11


		,
巴克萊銀行	27


績效管理

結構避險

該集團採用結構性套期保值計劃，旨在穩定固定利率非到期餘額表上的NIm，這些餘額在利率變動時，如果與浮動利率資產存在再定價不匹配，就會導致重大收入波動。

結構對沖主要覆蓋了不產生利息的活期帳戶和即時取現儲蓄帳戶的固定部分，以及股權，這些資金要麼投資於浮動利率客戶資產，要麼投資於中央銀行的餘額，從而暴露於利率的變化。結構性對沖通過收取固定利率、支付可變利率的利率掉期組合執行，採用分期償還結構，使得小部分於每月到期並以當時市場利率再投資。利率掉期的支付浮動期通過從客戶資產獲得的浮動收入淨額看跌，形成結構對沖的固定收入流。

結構對沖的目的是通過時間平滑集團淨利息收入。掉期的浮動腿會立即重新定價，而投資組合上的固定利率收益會逐漸重新定價，因爲部分掉期組合到期並且再投資到新的市場利率上。

當利率期貨高於我們的結構套期利率收益時，付浮動利率通常高於我們的平均固定利率收入。在這種情況下，從孤立的角度看，結構套期將對集團淨利息收入造成負擔。當浮動利率低於我們的結構套期收益時，孤立的套期將帶來淨收益。

由於接收固定利率互換已預訂特定期限，NII的一個元素被『鎖定』。結構對沖的收入穩定特性通過利率週期提供了更大的淨利息收入確定性。

結構對沖是利率風險管理活動中的一個組成部分，包括非結構對沖（例如爲資產對沖而支付固定利息並收到變動利息），以及其他抵消流動。這些頭寸的淨風險通過利率互換外部執行，並進行會計風險管理（即來自按公允價值計量的互換與以攤銷成本計量的基礎對沖項目之間不匹配而產生的收入波動），在現金流量對沖儲備中進行管理。總體而言，本集團具有指定爲現金流量對沖的外部衍生工具，用於對沖利率風險，名義金額爲980億英鎊（2023年12月：1280億英鎊），其中反映了2340億英鎊（2023年12月爲2460億英鎊）的結構對沖名義金額與1360億英鎊（2023年12月：1180億英鎊）的非結構對沖頭寸相抵消。其中大部分利率互換與中央交易對手清算，並以平均持續期間爲2.5年至3年的方式進行按日按金。

結構性對沖貢獻的總額爲£343,000,000（Q323：£2,609m）。結構性對沖貢獻代表了在結構性對沖中固定利率互換的絕對利息收入，而浮動利率則通過存款的基準利率資金抵消。


		,
巴克萊銀行	28


信用風險

按地區分類的攤銷成本貸款和預付款項

信用風險表現部分的應計成本貸款及墊款總額包括向銀行的應計成本貸款及墊款以及向客戶的應計成本貸款及墊款。

下表顯示了按資產減值準備計提的折舊成本以及逾期貸款分期和地理分佈。還包括債券和資產負債表以外的貸款承諾和金融擔保合同的分期分配，按總敞口、減值準備和覆蓋比例計算。

根據IFRS 9標準，減值準備考慮已動用和未動用的交易對手風險敞口。對於零售業務組合，總減值準備分配給總貸款和透支額度，不得超過已動用敞口，多餘部分作爲準備金列報在資產負債表的負債方。對於企業業務組合，未動用敞口的減值準備列報在資產負債表的負債方作爲準備金。


	總暴露				減值準備
	階段1	第二階段		總費用	階段1	第二階段		總費用
截至24年9月30日	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
零售抵押貸款	145,587	18,026	1,692	165,305	31	60	105	196
零售信用卡	9,080	1,993	186	11,259	107	429	95	631
零售其他	6,605	1,202	221	8,028	56	104	141	301
公司貸款1	52,404	7,156	1,789	61,349	155	168	379	702
英國總計	213,676	28,377	3,888	245,941	349	761	720	1,830
零售抵押貸款	1,701	29	494	2,224	2	—	278	280
零售信用卡	20,427	3,448	1,652	25,527	358	960	1,338	2,656
其他零售	1,624	148	130	1,902	2	1	26	29
公司貸款	59,315	3,895	982	64,192	78	141	225	444
世界其他地區合計	83,067	7,520	3,258	93,845	440	1,102	1,867	3,409
按攤餘成本計量的貸款和墊款合計	296,743	35,897	7,146	339,786	789	1,863	2,587	5,239
按攤餘成本計量的債務證券	61,342	3,316	—	64,658	10	11	—	21
按攤餘成本計量的貸款和墊款總額，包括債券	358,085	39,213	7,146	404,444	799	1,874	2,587	5,260
資產負債表之外的貸款承諾和金融擔保合同2	378,879	17,441	1,046	397,366	171	231	28	430
總費用3,4	736,964	56,654	8,192	801,810	970	2,105	2,615	5,690


	淨敞口				覆蓋比率
	階段1	第2階段		總費用	階段1	階段2		總費用
截至24年9月30日	£百萬	£百萬	£百萬	£百萬	%	%	%	%
零售抵押貸款	145,556	17,966	1,587	165,109	—	0.3	6.2	0.1
零售信用卡	8,973	1,564	91	10,628	1.2	21.5	51.1	5.6
零售其他	6,549	1,098	80	7,727	0.8	8.7	63.8	3.7
公司貸款1	52,249	6,988	1,410	60,647	0.3	2.3	21.2	1.1
英國總計	213,327	27,616	3,168	244,111	0.2	2.7	18.5	0.7
零售抵押貸款	1,699	29	216	1,944	0.1	—	56.3	12.6
零售信用卡	20,069	2,488	314	22,871	1.8	27.8	81.0	10.4
零售業務其他	1,622	147	104	1,873	0.1	0.7	20.0	1.5
公司貸款	59,237	3,754	757	63,748	0.1	3.6	22.9	0.7
全球其他地區總計	82,627	6,418	1,391	90,436	0.5	14.7	57.3	3.6
按攤銷成本計提的貸款和墊款總額	295,954	34,034	4,559	334,547	0.3	5.2	36.2	1.5
按攤餘成本計量的債務證券	61,332	3,305	—	64,637	—	0.3	—	—
按攤銷成本計提的貸款和墊款總額，包括債務證券	357,286	37,339	4,559	399,184	0.2	4.8	36.2	1.3
表外貸款承諾和金融擔保合同2	378,708	17,210	1,018	396,936	—	1.3	2.7	0.1
總費用3,4	735,994	54,549	5,577	796,120	0.1	3.7	31.9	0.7

1包括業務銀行業務，其總暴露額爲136億英鎊，減值準備爲36500萬英鎊。其中包括95億英鎊第一階段暴露的8000萬英鎊減值準備，在30億英鎊第二階段暴露的5600萬英鎊和11億英鎊第三階段暴露的22900萬英鎊。在不計算這部分的情況下，英國企業貸款的總覆蓋率爲0.7%。

2不包括按公允價值計量的207億英鎊的貸款承諾和金融擔保，幷包括與分類爲待售資產的金融資產相關的暴露。

3表格之外的其他金融資產減值包括現金擔保和結算餘額，以及公允價值計入其他綜合收益的金融資產和其他資產。這些資產總毛額爲2240億英鎊，減值準備爲13900萬英鎊。其中222.8億英鎊第1階段資產減值準備1300萬英鎊，11億英鎊第2階段資產減值準備300萬英鎊，以及12900萬英鎊第3階段資產減值準備12300萬英鎊。

4在應用總減值損失額爲£127100萬後，年化貸款損失率爲42個點子。


		,
巴克萊銀行	29


信用風險


	總體敞口				減值準備
	階段1	階段2		總費用	階段1	階段2		總費用
截至23年12月31日	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
零售抵押貸款	146,001	19,123	1,812	166,936	43	77	112	232
零售信用卡	8,094	2,128	198	10,420	111	492	107	710
其他零售	6,832	1,252	264	8,348	56	117	144	317
公司貸款1	54,257	8,673	1,692	64,622	191	214	346	751
英國總計	215,184	31,176	3,966	250,326	401	900	709	2,010
零售抵押貸款	4,201	346	612	5,159	7	28	316	351
零售信用卡	22,315	3,450	1,522	27,287	412	1,138	1,226	2,776
其他零售	1,637	91	229	1,957	3	1	32	36
公司貸款	58,248	4,629	862	63,739	96	200	252	548
世界其他地區合計	86,401	8,516	3,225	98,142	518	1,367	1,826	3,711
按攤銷成本計量的總貸款和墊款	301,585	39,692	7,191	348,468	919	2,267	2,535	5,721
債務證券	52,869	3,907	—	56,776	11	16	—	27
按攤銷成本計量的總貸款和墊款，其中包括債券證券	354,454	43,599	7,191	405,244	930	2,283	2,535	5,748
資產負債表之外的貸款承諾和金融擔保合同2	374,063	24,208	1,037	399,308	173	287	44	504
總費用3,4	728,517	67,807	8,228	804,552	1,103	2,570	2,579	6,252


	淨敞口				覆蓋比率
	階段1	第二階段		總費用	階段1	階段2		總費用
截至23年12月31日	£百萬	£百萬	£百萬	£百萬	%	%	%	%
零售抵押貸款	145,958	19,046	1,700	166,704	—	0.4	6.2	0.1
零售信用卡	7,983	1,636	91	9,710	1.4	23.1	54.0	6.8
其他零售	6,776	1,135	120	8,031	0.8	9.3	54.5	3.8
公司貸款1	54,066	8,459	1,346	63,871	0.4	2.5	20.4	1.2
英國總計	214,783	30,276	3,257	248,316	0.2	2.9	17.9	0.8
零售抵押貸款	4,194	318	296	4,808	0.2	8.1	51.6	6.8
零售信用卡	21,903	2,312	296	24,511	1.8	33.0	80.6	10.2
零售其他	1,634	90	197	1,921	0.2	1.1	14.0	1.8
公司貸款	58,152	4,429	610	63,191	0.2	4.3	29.2	0.9
全球其他地區合計	85,883	7,149	1,399	94,431	0.6	16.1	56.6	3.8
按攤銷成本計量的貸款及墊款總額	300,666	37,425	4,656	342,747	0.3	5.7	35.3	1.6
債務證券	52,858	3,891	—	56,749	—	0.4	—	—
按攤銷成本計量的貸款及墊款總額，包括債務證券	353,524	41,316	4,656	399,496	0.3	5.2	35.3	1.4
表外貸款承諾和金融擔保合同總額2	373,890	23,921	993	398,804	—	1.2	4.2	0.1
總費用3,4	727,414	65,237	5,649	798,300	0.2	3.8	31.3	0.8

1包括業務銀行，總暴露爲152億英鎊，減值準備爲43100萬英鎊。其中包括98億英鎊第一階段暴露的9900萬英鎊減值準備，41億英鎊第二階段暴露的8100萬英鎊，以及13億英鎊第三階段暴露的25100萬英鎊。在不考慮這部分的情況下，英國企業貸款的總覆蓋率爲0.6%。

2不包括以公允價值計量的165億英鎊的貸款承諾和金融擔保，幷包括與資產處在待售狀態的金融資產相關的敞口。

3除上表中列出的其他金融資產受損外，也包括現金擔保和結算餘額、以公允價值計量且計入其他綜合收益的金融資產和其他資產。這些總共暴露淨額爲1836億英鎊，減值準備爲15100萬英鎊。其中包括對182.8億英鎊的第1階段暴露減值準備1600萬英鎊，對0.6億英鎊的第2階段暴露減值準備200萬英鎊，以及對14000萬和0.6億階段3暴露減值準備13300萬英鎊。

4在施行總減值損失188100萬英鎊後，年化貸款損失率爲46個點子。


		,
巴克萊銀行	30


信用風險

待售資產

在2023年，德國消費金融業務組合的總貸款和預期信貸損失被重新分類，從向客戶的貸款和儲備金轉爲資產銷售於資產負債表中。


向客戶發放的貸款和預付款分類爲待售資產
	階段1			階段2						總費用
	毛利	藝康集團	覆蓋範圍	毛利	藝康集團	覆蓋範圍	毛利	藝康集團	覆蓋範圍	毛利	藝康集團	覆蓋範圍
截至24年9月30日	£百萬	£百萬	%	£百萬	£百萬	%	£百萬	£百萬	%	£百萬	£百萬	%
零售信用卡	1,779	18	1.0	412	37	9.0	91	66	72.5	2,282	121	5.3
零售其他	1,290	18	1.4	254	36	14.2	74	50	67.6	1,618	104	6.4
世界其他地區總計	3,069	36	1.2	666	73	11.0	165	116	70.3	3,900	225	5.8


As at 31.12.23
Retail credit cards	1,621	15	0.9	445	41	9.2	92	68	73.9	2,158	124	5.7
Retail other	1,561	20	1.3	288	32	11.1	84	60	71.4	1,933	112	5.8
Total Rest of the World	3,182	35	1.1	733	73	10.0	176	128	72.7	4,091	236	5.8


		,
Barclays PLC	31


Credit Risk

Loans and advances at amortised cost by product

The table below presents a product breakdown by stages of loans and advances at amortised cost. Also included is a breakdown of Stage 2 past due balances.


		階段2
截至24年9月30日	階段1	未過期	<=30天逾期	>30天逾期	總費用		總費用
總風險敞口	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
零售抵押貸款	147,288	15,123	2,071	861	18,055	2,186	167,529
零售信用卡	29,507	4,768	370	303	5,441	1,838	36,786
其他零售	8,229	1,006	165	179	1,350	351	9,930
公司貸款	111,719	10,855	64	132	11,051	2,771	125,541
總費用	296,743	31,752	2,670	1,475	35,897	7,146	339,786

減值準備
零售抵押貸款	33	30	12	18	60	383	476
零售信用卡	465	1,060	150	179	1,389	1,433	3,287
零售其他	58	70	16	19	105	167	330
公司貸款	233	295	5	9	309	604	1,146
總費用	789	1,455	183	225	1,863	2,587	5,239

淨敞口
零售抵押貸款	147,255	15,093	2,059	843	17,995	1,803	167,053
零售信用卡	29,042	3,708	220	124	4,052	405	33,499
零售其他	8,171	936	149	160	1,245	184	9,600
公司貸款	111,486	10,560	59	123	10,742	2,167	124,395
總費用	295,954	30,297	2,487	1,250	34,034	4,559	334,547

覆蓋比率	%	%	%	%	%	%	%
零售抵押貸款	—	0.2	0.6	2.1	0.3	17.5	0.3
零售信用卡	1.6	22.2	40.5	59.1	25.5	78.0	8.9
零售其它	0.7	7.0	9.7	10.6	7.8	47.6	3.3
公司貸款	0.2	2.7	7.8	6.8	2.8	21.8	0.9
總費用	0.3	4.6	6.9	15.3	5.2	36.2	1.5




截至23年12月31日
總敞口	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
零售抵押貸款	150,202	16,834	1,971	664	19,469	2,424	172,095
零售信用卡	30,409	4,858	392	328	5,578	1,720	37,707
零售其他	8,469	1,094	126	123	1,343	493	10,305
公司貸款	112,505	12,960	179	163	13,302	2,554	128,361
總費用	301,585	35,746	2,668	1,278	39,692	7,191	348,468

減值準備
零售抵押貸款	50	73	20	12	105	428	583
零售信用卡	523	1,257	166	207	1,630	1,333	3,486
零售其他	59	82	18	18	118	176	353
公司貸款	287	399	8	7	414	598	1,299
總費用	919	1,811	212	244	2,267	2,535	5,721

淨敞口
零售抵押貸款	150,152	16,761	1,951	652	19,364	1,996	171,512
零售信用卡	29,886	3,601	226	121	3,948	387	34,221
零售其他	8,410	1,012	108	105	1,225	317	9,952
公司貸款	112,218	12,561	171	156	12,888	1,956	127,062
總費用	300,666	33,935	2,456	1,034	37,425	4,656	342,747

覆蓋比率	%	%	%	%	%	%	%
零售抵押貸款	—	0.4	1.0	1.8	0.5	17.7	0.3
零售信用卡	1.7	25.9	42.3	63.1	29.2	77.5	9.2
其他零售	0.7	7.5	14.3	14.6	8.8	35.7	3.4
公司貸款	0.3	3.1	4.5	4.3	3.1	23.4	1.0
總費用	0.3	5.1	7.9	19.1	5.7	35.3	1.6


		,
巴克萊銀行	32


Credit Risk

Measurement uncertainty

Q324刷新了用於計算集團預期信貸損失費用的情景，基線情景反映了情景刷新時可獲得的最新宏觀經濟預測共識。在基線情景中，英國經濟逐漸復甦，並在貨幣政策繼續放鬆的刺激下進一步增長。美國GDP增速於2025年降至1.8%，然後在2.0%水平穩定。勞動力市場持續保持寬容。英國失業率在2025年達到4.6%的峯值，然後穩定在4.4%。美國失業率在2024年底略有增加至4.2%，在接下來的預測期內保持不變。隨着通脹壓力顯著下降，主要中央銀行繼續在2025年減息。英國房價在2024年繼續下跌，然後穩定並從2025年開始恢復上升趨勢。美國的住房市場更具彈性，房價繼續增長。

在下行2情景下，通脹壓力被假定再次加劇，主要是由強勁的工資增長推動。央行進一步提高利率，英國銀行利率和美國聯邦基金利率各自在2025年第二季度達到8.5%。主要經濟體經歷了金融條件急劇收緊，市場波動顯著增加，導致資產重新定價和更高的信貸損失。央行被迫大幅降低利率。需求下降導致英國和美國的GDP和總通脹率大幅降低，隨後出現暫時的激增。在上行2情景下，勞動力參與率上升和生產力提高促進了經濟增長加速，但不會帶來新的通脹壓力。隨着通脹持續下降，央行降低利率，進一步刺激需求總量，導致失業率降低和健康的GDP增長。

估算情景概率權重的方法涉及使用歷史數據模擬未來英國和美國GDP的一系列路徑，其中五個情景與這些未來路徑的分佈相匹配。中位數圍繞基準線，而遠離基準線的情景在五個權重被歸一化爲總計100％之前會受到較低的權重影響。向好的情景權重增加是由基準情景中GDP改善驅動的，這樣使得基準情景更接近向好的情景。更多詳細信息請參見頁 36.

經濟不確定性調整爲£10200萬（截至2024年6月30日：£151m）被應用爲模擬的ECL輸出覆蓋。下降反映了釋放了與英國無擔保貸款組合相關的可負擔性調整，得到了英國客戶信用表現強勁的支持，繼續維持低違約率和穩定的繼續延誤情況。

以下表格顯示了五種情景（5年度年度路徑）中使用的關鍵宏觀經濟變量以及應用於每種情景的概率權重。


		,
巴克萊銀行	33


信用風險


用於計算預期信用損失的宏觀經濟變量
截至24年9月30日	2024	2025	2026	2027	2028
基線	%	%	%	%	%
英國國內生產總值1	0.9	1.3	1.5	1.7	1.6
英國失業率2	4.4	4.5	4.4	4.4	4.4
英國房價指數3	0.7	2.6	2.6	4.6	3.2
英國銀行利率6	5.0	3.9	3.4	3.3	3.3
美國國內生產總值1	2.3	1.8	2.0	2.0	2.0
美國失業率4	4.0	4.2	4.2	4.2	4.2
美國房價指數5	3.2	3.0	3.1	3.1	3.1
美國聯邦基金利率6	5.0	3.4	3.1	3.0	3.3

下行風險 2
英國國內生產總值1	0.8	(2.3)	(1.0)	2.3	1.4
英國失業率2	4.4	5.6	7.4	5.6	4.8
英國房價指數3	(0.4)	(18.1)	(6.7)	16.6	8.9
英國銀行利率6	5.5	5.5	1.0	1.0	1.0
美國GDP1	2.2	(2.1)	(0.4)	3.1	1.7
美國失業率4	4.1	5.6	6.8	5.4	5.0
美國房屋價格指數5	2.3	(9.4)	(1.7)	7.6	5.6
美國聯邦基金利率6	5.5	5.4	1.5	1.5	1.5

下行風險 1
英國GDP1	0.9	(0.5)	0.3	2.0	1.5
英國失業率2	4.4	5.1	5.9	5.0	4.6
英國房屋價格指數3	0.1	(8.1)	(2.1)	10.5	6.0
英國銀行利率6	5.3	4.7	2.2	2.1	2.1
美國 GDP1	2.2	(0.2)	0.8	2.6	1.9
美國失業率4	4.1	4.9	5.5	4.8	4.6
美國房價指數5	2.7	(3.3)	0.7	5.3	4.4
美國聯邦資金率6	5.2	4.4	2.3	2.3	2.4

上行空間 2
英國 GDP1	1.1	3.5	3.4	2.8	2.4
英國失業率2	4.4	3.7	3.5	3.5	3.5
英國HPI3	2.3	14.0	6.9	4.0	4.3
英國銀行利率6	5.0	3.3	2.3	2.3	2.3
美國GDP1	2.4	2.9	3.0	2.8	2.8
美國失業率4	4.0	3.6	3.5	3.5	3.5
美國HPI5	4.3	4.5	4.9	4.5	4.6
美國聯邦基金利率6	5.0	2.9	2.3	2.3	2.3

上漲1
英國GDP1	1.0	2.4	2.5	2.2	2.0
英國失業率2	4.4	4.1	4.0	4.0	4.0
英國房價指數3	1.5	8.2	4.8	4.3	3.7
英國銀行利率6	5.0	3.6	2.9	2.8	2.8
美國GDP1	2.3	2.3	2.5	2.4	2.4
美國失業率4	4.0	3.9	3.9	3.9	3.9
美國房價指數5	3.8	3.8	4.0	3.8	3.8
美國聯邦基金利率6	5.0	3.2	2.7	2.6	2.8

1實際GDP季度調整年均增長。

2英國16歲及以上人口的失業率平均爲。

3年底英國HPI變化=相對於前一年底的Halifax所有房屋、所有買家指數。

4美國普通民衆失業率16年來最高。

5年底美國房價指數變化=相對於前一年年底的FHFA房屋價格指數。

6平均匯率。


		,
巴克萊銀行	34


信用風險



截至30.06.24	2024	2025	2026	2027	2028
基線	%	%	%	%	%
英國國內生產總值1	0.7	1.2	1.6	1.7	1.6
英國失業率2	4.3	4.4	4.4	4.4	4.4
英國 HPI3	(1.2)	1.6	3.0	4.4	3.2
英國銀行利率6	5.0	4.3	3.8	3.6	3.5
美國國內生產總值1	2.3	1.7	2.0	2.0	2.0
美國失業率4	4.0	4.1	4.1	4.1	4.1
我們 HPI5	3.3	3.0	3.3	3.3	3.3
美國聯邦基金利率6	5.3	4.4	4.0	3.8	3.8

缺點 2
英國國內生產總值1	0.2	(3.2)	0.5	2.1	1.3
英國失業率2	4.4	6.4	6.9	5.3	4.7
英國 HPI3	(3.6)	(23.3)	2.8	15.6	7.7
英國銀行利率6	5.9	4.0	1.0	1.0	1.0
美國國內生產總值1	1.8	(2.9)	1.2	2.8	1.6
美國失業率4	4.2	6.3	6.4	5.3	4.9
我們 HPI5	0.9	(10.7)	2.0	8.0	5.3
美國聯邦基金利率6	5.9	4.1	1.5	1.5	1.5

缺點 1
英國國內生產總值1	0.4	(1.0)	1.0	1.9	1.5
英國失業率2	4.3	5.4	5.6	4.9	4.6
英國 HPI3	(2.4)	(11.5)	2.9	9.9	5.5
英國銀行利率6	5.5	4.1	2.4	2.3	2.3
美國國內生產總值1	2.0	(0.6)	1.6	2.4	1.8
美國失業率4	4.1	5.2	5.3	4.7	4.5
我們 HPI5	2.1	(4.0)	2.7	5.6	4.3
美國聯邦基金利率6	5.6	4.3	2.8	2.6	2.6

上行空間 2
英國國內生產總值1	1.1	3.9	3.2	2.6	2.3
英國失業率2	4.1	3.4	3.4	3.3	3.2
英國 HPI3	4.9	14.2	6.8	2.7	3.8
英國銀行利率6	4.9	3.4	2.6	2.6	2.5
美國國內生產總值1	2.6	3.2	2.9	2.8	2.8
美國失業率4	3.7	3.5	3.4	3.4	3.4
我們 HPI5	5.3	3.9	5.0	4.6	4.6
美國聯邦基金利率6	5.2	3.7	3.1	2.8	2.8

上行空間 1
英國國內生產總值1	0.9	2.5	2.4	2.2	2.0
英國失業率2	4.2	3.9	3.9	3.9	3.8
英國 HPI3	1.8	7.8	4.9	3.6	3.5
英國銀行利率6	5.0	3.8	3.2	3.1	3.0
美國國內生產總值1	2.4	2.5	2.4	2.4	2.4
美國失業率4	3.8	3.8	3.8	3.8	3.8
我們 HPI5	4.3	3.5	4.2	3.9	3.9
美國聯邦基金利率6	5.3	4.1	3.5	3.3	3.3

1實際GDP季度調整年均增長。

2英國16歲及以上的失業率平均水平。

3年末英國HPI變化=Halifax所有房屋、所有買家指數，相對於上一年底。

4美國平均平民失業率16年以上。

5年末美國HPI變動= FHFA房價指數，相對於前一年底。

6平均速率。


		,
巴克萊銀行	35


信用風險


截至23年12月31日	2023	2024	2025	2026	2027
基線	%	%	%	%	%
英國GDP1	0.5	0.3	1.2	1.6	1.6
英國失業率2	4.2	4.7	4.7	4.8	5.0
英國房價指數3	(3.3)	(5.1)	0.7	3.1	5.3
英國銀行利率6	4.7	4.9	4.1	3.8	3.5
美國GDP1	2.4	1.3	1.7	1.9	1.9
美國失業率4	3.7	4.3	4.3	4.3	4.3
美國房價指數5	5.4	3.4	3.0	3.3	3.3
美國聯邦基金利率6	5.1	5.0	3.9	3.8	3.8

下行風險 2
英國國內生產總值1	0.5	(1.5)	(2.6)	2.4	1.6
英國失業率2	4.2	5.2	7.9	6.3	5.5
英國房價指數3	(3.3)	(19.3)	(16.8)	14.5	12.4
英國銀行利率6	4.7	6.6	1.3	1.0	1.0
美國國內生產總值1	2.4	(0.6)	(2.0)	3.1	2.0
美國失業率4	3.7	5.2	7.2	5.9	5.2
美國房價指數5	5.4	(6.5)	(5.7)	7.2	6.4
美國聯邦基金利率6	5.1	6.3	1.8	1.5	1.5

下行風險1
英國國內生產總值1	0.5	(0.6)	(0.7)	2.0	1.6
英國失業率2	4.2	4.9	6.3	5.6	5.2
英國房價指數3	(3.3)	(12.4)	(8.3)	8.7	8.8
英國銀行利率6	4.7	5.8	2.7	2.5	2.3
美國國內生產總值1	2.4	0.3	(0.2)	2.5	1.9
美國失業率4	3.7	4.7	5.8	5.1	4.8
美國房價指數5	5.4	(1.7)	(1.4)	5.2	4.8
美國聯邦基金利率6	5.1	5.7	2.9	2.8	2.8

上行趨勢 2
英國國內生產總值1	0.5	2.4	3.7	2.9	2.4
英國失業率2	4.2	3.9	3.5	3.6	3.6
英國房價指數3	(3.3)	7.8	7.6	4.5	5.6
英國銀行利率6	4.7	4.3	2.7	2.5	2.5
美國國內生產總值1	2.4	2.8	3.1	2.8	2.8
美國失業率4	3.7	3.5	3.6	3.6	3.6
美國房價指數5	5.4	6.1	4.3	4.5	4.6
美國聯邦基金利率6	5.1	4.3	2.9	2.8	2.8

正面1
英國國內生產總值1	0.5	1.4	2.5	2.3	2.0
英國失業率2	4.2	4.3	4.1	4.2	4.3
Uk HPI3	(3.3)	1.2	4.1	3.8	5.4
Uk bank rate6	4.7	4.6	3.4	3.3	3.0
US GDP1	2.4	2.0	2.4	2.4	2.4
US unemployment4	3.7	3.9	3.9	4.0	4.0
US HPI5	5.4	4.7	3.7	3.9	3.9
US federal funds rate6	5.1	4.7	3.5	3.3	3.3

1實際GDP季度調整年均增長。

2英國16歲及以上人口的失業率平均爲。

3年底英國HPI變化=相對於前一年底的Halifax所有房屋、所有買家指數。

4美國普通民衆失業率16年來最高。

5年底美國房價指數變化=相對於前一年年底的FHFA房屋價格指數。

6平均匯率。



情景概率加權	正面 2	正面 1	基線	負面 1	負面 2
	%	%	%	%	%
截至24年9月30日
情景概率加權	16.8	26.4	32.7	15.9	8.2
截至24年6月30日
情景概率加權	16.5	26.1	32.6	16.2	8.6
截至23年12月31日
情景概率加權	13.8	24.7	32.4	18.3	10.8


		,
巴克萊銀行	36


財政和資本風險

監管部門的最低要求

資本

集團的整體核心一級資本要求保持在12.0%，包括4.5%的第1支柱最低要求、2.5%的資本保護緩衝區（建設銀行）、1.5%的全球系統重要性機構（G-SII）緩衝、2.6%的第2A支柱要求以及1.0%的週期性資本緩衝區（CCyB）。

The Group’s CCyB is based on the buffer rate applicable for each jurisdiction in which the Group has exposures. The buffer rates set by other national authorities for non-UK exposures are not currently material.

The Group’s Pillar 2A requirement as per the PRA's Individual Capital Requirement is 4.6% of which at least 56.25% needs to be met with CET1 capital, equating to 2.6% of RWAs. The Pillar 2A requirement, based on a point in time assessment, has been set as a proportion of RWAs and is subject to at least annual review.

The Group’s CET1 target ratio of 13-14% takes into account headroom above requirements which includes a confidential institution-specific PRA buffer. The Group remains above its minimum capital regulatory requirements including the PRA buffer.

Leverage

The Group is subject to a UK leverage ratio requirement of 4.1%. This comprises the 3.25% minimum requirement, a G-SII additional leverage ratio buffer (G-SII ALRB) of 0.53% and a countercyclical leverage ratio buffer (CCLB) of 0.3%. The Group is also required to disclose an average UK leverage ratio which is based on capital on the last day of each month in the quarter and an exposure measure for each day in the quarter.

MREL

The Group is required to meet the higher of: (i) two times the sum of 8% Pillar 1 and 4.6% Pillar 2A equating to 25.2% of RWAs; and (ii) 6.75% of leverage exposures. In addition, the higher of regulatory capital and leverage buffers apply. CET1 capital cannot be counted towards both MREL and the buffers, meaning that the buffers, including the above mentioned confidential institution-specific PRA buffer, will effectively be applied above MREL requirements.

Significant regulatory updates in the period

Following its 12 December 2023 publication of ‘Implementation of the Basel 3.1 standards near-final part 1’ (PS12/23), covering Credit Valuation Adjustments, Counterparty Credit Risk, Market Risk and Operational Risk, on 12 September 2024 the PRA published its near-final policy statement ‘Implementation of the Basel 3.1 standards near-final part 2’ (PS9/24) covering the remaining aspects of the Basel 3.1 standards. This covered Credit Risk, Credit Risk Mitigation, the Output Floor, and Reporting and Disclosure requirements. Additionally, the policy statement confirmed that the implementation date for Basel 3.1 within the United Kingdom will be deferred by 6 months to 1 January 2026.


		,
Barclays PLC	37


Treasury and Capital Risk


資本充足率1,2	截至24年9月30日		截至24年6月30日	截至23年12月31日
普通股股本的風險調整資本率	13.8	%	13.6%	13.8%
T1	17.3	%	17.3%	17.7%
總監管資本	19.9	%	19.9%	20.1%
MREL比率佔總風險加權資產的百分比	34.9	%	33.5%	33.6%

自有資金和符合條件的負債	£百萬		£百萬	£百萬
資產負債表上排除非控股權益的總股本	70,972		71,173	71,204
減：其他股本工具（被確認爲AT1資本）	(11,739)		(12,959)	(13,259)
爲可預見的普通股股息調整留存收益	(493)		(645)	(795)
爲可預見的回購股份調整留存收益	(385)		(222)	—
爲可預見的其他股本票息調整留存收益	(40)		(41)	(43)

其他監管調整和扣除
額外價值調整 (PVA)	(1,850)		(1,887)	(1,901)
商譽和無形資產	(8,111)		(7,835)	(7,790)
依賴未來盈利（不包括暫時性差異）的遞延稅資產	(1,482)		(1,630)	(1,630)
與現金流量套期保值相關的公允價值儲備所產生的收益或損失	2,298		3,799	3,707
超過減值的預期損失	(440)		(324)	(296)
因自身信用引起的以公允價值計量的負債的利得或損失	656		622	136
定義利益養老基金資產	(2,534)		(2,564)	(2,654)
機構持有的普通股一級資本工具的直接和間接持股	(5)		(5)	(20)
IFRS 9過渡安排調整	83		123	288

其他監管調整	100		90	357
CET1資本	47,030		47,695	47,304

AT1資本
資本工具和相關的股權帳戶	11,755		13,000	13,263

其他監管調整和扣減	(16)		(41)	(60)
AT1資本	11,739		12,959	13,203

T1資本	58,769		60,654	60,507

T2資本
資本工具及相關股本溢價帳戶	8,587		8,836	7,966
子公司發行的符合條件的T2資本（包括少數股權)	379		385	569
信貸風險調整（減少預期損失)	—		39	—
其他監管調整和扣除	(19)		(43)	(160)
總監管資本	67,716		69,871	68,882

扣除：子公司發行的不符合條件的T2資本（包括少數股權)	(379)		(385)	(569)
符合資產負債	51,330		48,299	46,995

總共自有資金和符合資產負債3	118,667		117,785	115,308

總風險加權資產	340,401		351,433	342,717

1CET1、T1和T2資本以及風險加權資產計算時，按照英國CRR規定的過渡安排進行計算。包括IFRS 9過渡安排和直至2025年6月28日的特定資本工具的祖父權。

2作爲巴克萊銀行AT1證券轉換觸發器評估中相關的全面核心一級資本比率爲13.8%，核心一級資本爲469億英鎊，權重資產爲3404億英鎊，在不適用英國CRR過渡安排的情況下計算。

3截至2024年9月30日，集團的MREL要求（不包括PRA緩衝區）是持有1,026億英鎊的自有資金和符合資格的負債，相當於風險加權資產的30.1%。該集團仍高於其MREL監管要求，包括PRA緩衝區。


		,
巴克萊銀行	38


Treasury and Capital Risk


CET1資本的變動	截至24年9月30日的三個月	截至24年9月30日的九個月
	£百萬	£百萬
期初CET1資本	47,695	47,304

歸屬股東的本期利潤	1,817	5,114
與衍生負債相關的自有信用	3	27
已支付和預期的普通股股息	(273)	(918)
已購買和預期的股份回購	(750)	(1,750)
已支付和預期的其他股本息票	(252)	(760)
由盈利產生的留存監管資本增加	545	1,713

股票計劃的淨影響	164	94
其他綜合收益公允價值儲備	119	(150)
貨幣翻譯儲備	(1,244)	(1,328)
其他儲備金	(8)	(111)
其他符合條件儲備的減少	(969)	(1,495)

養老金重新計量在儲備內	(30)	(127)
定義的養老金基金資產扣除	30	120
養老金的淨影響	—	(7)

附加價值調整（PVA）	37	51
商譽和無形資產	(276)	(321)
依賴未來盈利的遞延稅資產，不包括由暫時性差異引起的那些	148	148
預期損失超過減值的多餘部分	(116)	(144)
機構直接和間接持有自己的核心一級資本工具	—	15

IFRS 9過渡安排下的調整	(40)	(205)
其他監管調整	6	(29)
由於調整和扣除導致監管資本減少	(241)	(485)

結餘核心一級資本	47,030	47,030

CET1 capital decreased £0.3bn to £47.0bn (December 2023: £47.3bn). Significant movements in the period were:

•£5.1bn of capital generated from profit partially offset by distributions of £3.4bn comprising:

–18億英鎊的股份回購計劃隨FY23和H124的業績公佈

–0.9億英鎊的應計用於FY24年度股利

–支付了80億英鎊的股權票息並預見到

•15億英鎊的減少來自其他符合條件的儲備，包括貨幣翻譯儲備的減少，由於英鎊對美元的堅挺。


		,
巴克萊銀行	39


財政和資本風險


按風險類型和業務劃分的風險加權資產
	信用風險		對手方信貸風險				市場風險		操作風險	總風險加權資產
	標準	IRB	STD	IRB	清算風險	CVA	STD	IMA
截至24年9月30日	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬	£百萬
巴克萊銀行英國	9,606	55,792	100	13	—	52	199	—	11,715	77,477
巴克萊銀行英國企業銀行	3,790	14,275	93	389	—	10	5	507	3,024	22,093
巴克萊銀行私人銀行 & 财富管理	4,846	482	80	24	—	11	41	305	1,546	7,335
巴克萊銀行投資銀行	38,757	47,864	20,458	23,709	118	2,466	13,087	23,559	24,179	194,197
巴克萊銀行美國消費銀行	18,316	839	—	—	—	—	—	—	4,051	23,206
總部	6,488	8,346	1	15	—	3	1	196	1,043	16,093
巴克萊集團	81,803	127,598	20,732	24,150	118	2,542	13,333	24,567	45,558	340,401
截至24年06月30日
巴克萊銀行英國	9,349	55,055	101	12	—	72	169	—	11,715	76,473
巴克萊銀行英國企業銀行	4,033	13,881	91	327	—	12	3	487	3,024	21,858
巴克萊銀行個人銀行及财富管理	4,612	467	85	33	—	13	—	293	1,546	7,049
巴克萊銀行投資銀行	41,151	50,854	20,426	23,636	159	2,897	14,173	25,811	24,179	203,286
巴克萊銀行美國消費銀行	19,462	917	—	—	—	—	—	—	4,051	24,430
總部	6,470	10,609	1	21	—	4	1	188	1,043	18,337
巴克萊集團	85,077	131,783	20,704	24,029	159	2,998	14,346	26,779	45,558	351,433
截至23年12月31日
巴克萊銀行英國	10,472	50,761	178	—	—	94	274	—	11,715	73,494
巴克萊銀行英國企業銀行	3,458	13,415	262	167	—	14	2	541	3,024	20,883
巴克萊銀行私人銀行與财富管理	4,611	455	182	27	—	30	1	322	1,546	7,174
巴克萊銀行投資銀行	37,749	52,190	18,512	21,873	159	3,248	14,623	24,749	24,179	197,282
巴克萊銀行美國消費銀行	19,824	966	—	—	—	—	—	—	4,051	24,841
總部	6,772	10,951	1	21	—	6	1	248	1,043	19,043
巴克萊集團	82,886	128,738	19,135	22,088	159	3,392	14,901	25,860	45,558	342,717


RWAs的運動分析	信用風險	交易對手信用風險	市場風險	操作風險	總RWAs
	£百萬	£百萬	£百萬	£百萬	£百萬
根據2023年12月31日的開放風險加權資產（RWAs）	211,624	44,774	40,761	45,558	342,717
書籍規模	(69)	4,115	(2,123)	—	1,923
收購和處置	(856)	—	—	—	(856)
書籍質量	(1,054)	(245)	—	—	(1,299)
模型更新	196	680	—	—	876
方法和政策	4,155	398	—	—	4,553
匯率期貨運動1	(4,595)	(2,180)	(738)	—	(7,513)
風險權重資產總變動	(2,223)	2,768	(2,861)	—	(2,316)
尾聲風險權重資產（截至24年9月30日）	209,401	47,542	37,900	45,558	340,401

1匯率期貨的波動不包括模擬市場風險或操作風險對外匯的影響。

總的風險加權資產減少了23億英鎊，降至340.4億英鎊（2023年12月：342.7億英鎊）。

信貸風險資產減少了22億英鎊：

•由於出售表現優秀的意大利抵押貸款投資組合，導致收購和處置減少了90億英鎊。

•11億英鎊的書籍質量風險加權資產減少主要是由於投行業務中風險參數的變化。

•在巴克萊銀行英國業務中，包括規模和政策的42億英鎊增長，以及監管模型的變化。

•由於英鎊對美元匯率的升值，外匯波動導致46億英鎊的減少。

對手方信用風險資產加權項下增加28億英鎊：

•包括相對於FY23的季節性增長，書籍規模增加了41億英鎊

•由於英鎊對美元匯率走強，導致匯率期貨變動主要導致22億英鎊的減少。

市場風險資產減少29億英鎊：

•由於交易活動導致賬面規模減少21億英鎊。


		,
巴克萊銀行	40


財政和資本風險


槓桿比率1,2	截至24年9月30日	截至24年6月30日	截至23年12月31日
	£百萬	£百萬	£百萬
英國槓桿比率3	4.9%	5.0%	5.2%
T1資本	58,769	60,654	60,507
英國槓桿敞口	1,197,445	1,222,722	1,168,275
英國平均槓桿比率	4.6%	4.7%	4.8%
平均T1資本	59,328	60,617	60,343
英國平均槓桿暴露	1,277,714	1,300,424	1,266,880

1根據英國CRR的過渡安排計算資本和槓桿比率。

2英國全面加載的槓桿比率爲4.9%，T1資本爲585.7億英鎊，槓桿敞口爲1,197.4億英鎊。英國全面加載的平均槓桿比率爲4.6%，T1資本爲592億英鎊，槓桿敞口爲1,277.6億英鎊。英國全面加載的槓桿比率是根據英國CRR準則計算而得，不適用過渡安排。

3儘管槓桿比率是以T1資本爲基礎表達的，但槓桿比率緩衝區和最低要求的75%必須僅用CET1資本覆蓋。針對0.53%的G-SII ALRb持有的CET1資本爲63億英鎊，針對0.3%的CCLb持有的CET1資本爲36億英鎊。

英國槓桿率由於一級資本減少17億英鎊，暴露增加2920億英鎊至11974億英鎊（2023年12月：11683億英鎊）而下降至4.9％（2023年12月：5.2％）。資本減少主要是由於在該期間贖回了一項AT1工具。暴露增加主要受到Ib交易證券和擔保放款增加的推動，部分抵消了英鎊對美元的升值。


		,
巴克萊銀行	41


基本報表彙編


壓縮合並利潤表（未經審計）
	截至24年9月30日的九個月	截至23年9月30日的九個月
	£百萬	£百萬









總收入	19,824	19,780



不包括英國監管律師費及訴訟和合規費用的營業費用	(11,951)	(11,979)
英國監管費用1	(93)	—
訴訟和行爲	(99)	(32)
營業費用	(12,143)	(12,011)



其他淨收入	37	7
減值前利潤	7,718	7,776
信貸減值損失	(1,271)	(1,329)
稅前利潤	6,447	6,447
稅收	(1,304)	(1,257)
稅後利潤	5,143	5,190

歸屬於：
母公司股東	4,351	4,385
其他股權持有者	763	766
母公司股東權益	5,114	5,151
非控股權益	29	39
稅後利潤	5,143	5,190

每股收益
每股普通股基本收益	29.3p	28.2p

1包括英國央行徵稅方案的影響。有關詳情，請參閱集團財務董事審查，其他事項。


		,
巴克萊銀行	42


基本報表彙編


壓縮綜合資產負債表（未經審計）
	截至24年9月30日	截至23年12月31日
資產	£百萬	£百萬
在央行的現金和銀行存款餘額	215,061	224,634
現金抵押品和結算餘額	141,703	108,889
按攤餘成本計量的債務證券	64,637	56,749
銀行的應計成本貸款和墊款	8,120	9,459
客戶的應計成本貸款和墊款	326,427	333,288
應計成本的逆回購協議和其他類似的擔保借貸	3,579	2,594
交易投資組合資產	187,400	174,605
按公允價值計量且計入損益的金融資產	214,257	206,651
衍生金融工具	258,622	256,836
以公允價值計量且其變動計入其他綜合收益的金融資產	80,778	71,836
關聯公司和合營企業投資	894	879
商譽和無形資產	8,123	7,794

流動稅項資產	144	121
遞延所得稅資產	5,569	5,960


其他	15,821	17,192
總資產	1,531,135	1,477,487

負債
銀行的計提成本存款	18,037	14,472
客戶攤餘成本存款	524,717	524,317
現金抵押品和結算餘額	135,060	94,084
回購協議及其他類似的擔保借款攤餘成本	45,250	41,601
債券發行額	89,424	96,825
下級債務	11,322	10,494
交易組合負債	64,284	58,669
確認爲公允價值的金融負債	305,328	297,539
衍生金融工具	249,861	250,044
流動稅負	625	529
遞延稅款負債	22	22



其他負債	15,573	17,027
負債合計	1,459,503	1,405,623

股權
調整股本和股本溢價	4,205	4,288
其他儲備金	(476)	(77)
保留盈餘	55,504	53,734
歸屬於母公司普通股股東的股東權益	59,233	57,945
其他權益工具	11,739	13,259
扣除非控股權益的總權益	70,972	71,204
非控股權益	660	660
股東權益總計	71,632	71,864

負債和所有者權益總額	1,531,135	1,477,487


		,
巴克萊銀行	43


Condensed Consolidated Financial Statements


Condensed consolidated statement of changes in equity (unaudited)
	Called up share capital and share premium	Other equity instruments	Other reserves	Retained earnings	Total	Non-controlling interests	Total equity
Nine months ended 30.09.2024	£m	£m	£m	£m	£m	£m	£m
Balance as at 1 January 2024	4,288	13,259	(77)	53,734	71,204	660	71,864
Profit after tax	—	763	—	4,351	5,114	29	5,143
Currency translation movements	—	—	(1,328)	—	(1,328)	—	(1,328)
Fair value through other comprehensive income reserve	—	—	(150)	—	(150)	—	(150)
Cash flow hedges	—	—	1,409	—	1,409	—	1,409
Retirement benefit remeasurements	—	—	—	(127)	(127)	—	(127)

Own credit	—	—	(491)	—	(491)	—	(491)
Total comprehensive income for the period	—	763	(560)	4,224	4,427	29	4,456
Employee share schemes and hedging thereof	80	—	—	740	820	—	820
Issue and redemption of other equity instruments	—	(1,508)	—	(97)	(1,605)	—	(1,605)
Other equity instruments coupon paid	—	(763)	—	—	(763)	—	(763)



Vesting of employee share schemes	—	—	(4)	(495)	(499)	—	(499)
Dividends paid	—	—	—	(1,221)	(1,221)	(29)	(1,250)
Repurchase of shares	(163)	—	163	(1,373)	(1,373)	—	(1,373)

Other movements	—	(12)	2	(8)	(18)	—	(18)
Balance as at 30 September 2024	4,205	11,739	(476)	55,504	70,972	660	71,632




Three months ended 30.09.2024	£m	£m	£m	£m	£m	£m	£m
Balance as at 1 July 2024	4,256	12,959	(882)	54,840	71,173	660	71,833
Profit after tax	—	253	—	1,564	1,817	3	1,820
Currency translation movements	—	—	(1,244)	—	(1,244)	—	(1,244)
Fair value through other comprehensive income reserve	—	—	119	—	119	—	119
Cash flow hedges	—	—	1,499	—	1,499	—	1,499
Retirement benefit remeasurements	—	—	—	(30)	(30)	—	(30)
Own credit	—	—	(29)	—	(29)	—	(29)

Total comprehensive income for the period	—	253	345	1,534	2,132	3	2,135
Employee share schemes and hedging thereof	15	—	—	158	173	—	173
Issue and redemption of other equity instruments	—	(1,245)	—	(5)	(1,250)	—	(1,250)
Other equity instruments coupon paid	—	(253)	—	—	(253)	—	(253)



Vesting of employee share schemes	—	—	(7)	(7)	(14)	—	(14)
Dividends paid	—	—	—	(425)	(425)	(3)	(428)
Repurchase of shares	(66)	—	66	(591)	(591)	—	(591)

Other movements	—	25	2	—	27	—	27
Balance as at 30 September 2024	4,205	11,739	(476)	55,504	70,972	660	71,632


	As at 30.09.24	As at 31.12.23
Other Reserves	£m	£m
Currency translation reserve	2,343	3,671
Fair value through other comprehensive income reserve	(1,516)	(1,366)
Cash flow hedging reserve	(2,298)	(3,707)
Own credit reserve	(729)	(240)
Other reserves and treasury shares	1,724	1,565
Total	(476)	(77)


		,
Barclays PLC	44


Appendix: Non-IFRS Performance Measures

The Group’s management believes that the non-IFRS performance measures included in this document provide valuable information to the readers of the financial statements, as they enable the reader to identify a more consistent basis for comparing the businesses’ performance between financial periods, and provide more detail concerning the elements of performance which the managers of these businesses are most directly able to influence or are relevant for an assessment of the Group. They also reflect an important aspect of the way in which operating targets are defined and performance is monitored by management.

However, any non-IFRS performance measures in this document are not a substitute for IFRS measures and readers should consider the IFRS measures as well.

Returns


	Nine months ended 30.09.24
	Barclays UK	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Group
Return on average tangible equity	£m	£m	£m	£m	£m	£m	£m
Attributable profit/(loss)	1,684	392	225	2,266	208	(424)	4,351

	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average equity	14.4	3.0	1.1	29.8	3.7	6.3	58.3
Average goodwill and intangibles	(3.9)	—	(0.1)	—	(0.4)	(3.5)	(7.9)
Average tangible equity	10.5	3.0	1.0	29.8	3.3	2.8	50.4

Return on average tangible equity	21.4%	17.3%	29.5%	10.1%	8.4%	n/m	11.5%


	Nine months ended 30.09.23
	Barclays UK	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Group
Return on average tangible equity	£m	£m	£m	£m	£m	£m	£m
Attributable profit/(loss)	1,580	525	283	2,190	134	(327)	4,385

	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average equity	14.0	2.9	1.1	29.0	3.9	4.6	55.5
Average goodwill and intangibles	(3.8)	—	(0.1)	—	(0.7)	(3.9)	(8.5)
Average tangible equity	10.2	2.9	1.0	29.0	3.2	0.7	47.0

Return on average tangible equity	20.6%	24.4%	37.1%	10.1%	5.7%	n/m	12.5%


		,
Barclays PLC	45


Appendix: Non-IFRS Performance Measures


Barclays Group
Return on average tangible shareholders' equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit/(loss)	1,564	1,237	1,550	(111)	1,274	1,328	1,783	1,036

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average shareholders' equity	59.1	57.7	58.3	57.1	55.1	55.4	55.9	54.9
Average goodwill and intangibles	(8.1)	(7.9)	(7.8)	(8.2)	(8.6)	(8.7)	(8.3)	(8.2)
Average tangible shareholders' equity	51.0	49.8	50.5	48.9	46.5	46.7	47.6	46.7

Return on average tangible shareholders' equity	12.3%	9.9%	12.3%	(0.9)%	11.0%	11.4%	15.0%	8.9%


Barclays UK
Return on average allocated tangible equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit	621	584	479	382	531	534	515	474

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average allocated equity	14.5	14.4	14.3	14.1	14.0	14.2	13.9	13.7
Average goodwill and intangibles	(3.9)	(3.9)	(3.9)	(3.9)	(3.9)	(4.0)	(3.6)	(3.5)
Average allocated tangible equity	10.6	10.5	10.4	10.2	10.1	10.2	10.3	10.2

Return on average allocated tangible equity	23.4%	22.3%	18.5%	14.9%	21.0%	20.9%	20.0%	18.7%


Barclays UK Corporate Bank
Return on average allocated tangible equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit	144	135	113	59	129	239	157	131

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average allocated equity	3.1	3.0	3.0	2.8	2.8	2.9	2.9	2.9
Average goodwill and intangibles	—	—	—	—	—	—	—	—
Average allocated tangible equity	3.1	3.0	3.0	2.8	2.8	2.9	2.9	2.9

Return on average allocated tangible equity	18.8%	18.0%	15.2%	8.4%	18.3%	32.9%	21.7%	17.8%


Barclays Private Bank and Wealth Management
Return on average allocated tangible equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit	74	77	74	47	102	91	90	92

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average allocated equity	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.2
Average goodwill and intangibles	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)
Average allocated tangible equity	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.1

Return on average allocated tangible equity	29.0%	30.8%	28.7%	19.1%	41.2%	35.9%	34.5%	34.9%


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Barclays PLC	46


Appendix: Non-IFRS Performance Measures


Barclays Investment Bank
Return on average allocated tangible equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit/(loss)	652	715	899	(149)	580	562	1,048	313

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average allocated equity	29.5	29.9	30.0	28.9	28.8	29.0	29.1	30.9
Average goodwill and intangibles	—	—	—	—	—	—	—	—
Average allocated tangible equity	29.5	29.9	30.0	28.9	28.8	29.0	29.1	30.9

Return on average allocated tangible equity	8.8%	9.6%	12.0%	(2.1)%	8.0%	7.7%	14.4%	4.0%


Barclays US Consumer Bank
Return on average allocated tangible equity	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
	£m	£m	£m	£m	£m	£m	£m	£m
Attributable profit/(loss)	89	75	44	(3)	3	72	59	101

	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Average allocated equity	3.8	3.6	3.6	3.6	3.8	3.9	3.9	4.1
Average goodwill and intangibles	(0.5)	(0.3)	(0.3)	(0.3)	(0.7)	(0.8)	(0.8)	(0.9)
Average allocated tangible equity	3.3	3.3	3.3	3.3	3.1	3.1	3.1	3.2

Return on average allocated tangible equity	10.9%	9.2%	5.3%	(0.3)%	0.4%	9.3%	7.5%	12.6%


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Barclays PLC	47


Appendix: Non-IFRS Performance Measures

Performance measures excluding the impact of inorganic activity


	Nine months ended 30.09.24
	Barclays UK	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Group
	£m	£m	£m	£m	£m	£m	£m
Total income	5,659	1,322	958	9,198	2,469	218	19,824
Inorganic activity	—	—	—	—	—	(240)	(240)
Total income excluding inorganic activity	5,659	1,322	958	9,198	2,469	458	20,064

Total operating expenses	(3,114)	(708)	(657)	(5,818)	(1,193)	(653)	(12,143)

Cost: income ratio excluding inorganic activity	55%	54%	69%	63%	48%	n/a	61%







Attributable profit/(loss)	1,684	392	225	2,266	208	(424)	4,351
Post-tax impact of inorganic activity	—	—	—	—	—	(233)	(233)
Attributable profit/(loss) excluding inorganic activity	1,684	392	225	2,266	208	(191)	4,584


Average tangible equity (£bn)	10.5	3.0	1.0	29.8	3.3	2.8	50.4

Return on average tangible equity excluding inorganic activity	21.4%	17.3%	29.5%	10.1%	8.4%	n/a	12.1%


	Three months ended 30.09.24
	Barclays UK	Barclays UK Corporate Bank	Barclays Private Bank and Wealth Management	Barclays Investment Bank	Barclays US Consumer Bank	Head Office	Barclays Group
	£m	£m	£m	£m	£m	£m	£m
Total income	1,946	445	326	2,851	791	188	6,547
Inorganic activity	—	—	—	—	—	—	—
Total income excluding inorganic activity	1,946	445	326	2,851	791	188	6,547

Total operating expenses	(1,006)	(222)	(221)	(1,916)	(393)	(204)	(3,962)

Cost: income ratio excluding inorganic activity	52%	50%	68%	67%	50%	n/a	61%







Attributable profit/(loss)	621	144	74	652	89	(16)	1,564
Post-tax impact of inorganic activity	—	—	—	—	—	—	—
Attributable profit/(loss) excluding inorganic activity	621	144	74	652	89	(16)	1,564


Average tangible equity (£bn)	10.6	3.1	1.0	29.5	3.3	3.5	51.0

Return on average tangible equity excluding inorganic activity	23.4%	18.8%	29.0%	8.8%	10.9%	n/a	12.3%


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Barclays PLC	48


Appendix: Non-IFRS Performance Measures

Reconciliation of total operating expenses to operating costs



	Nine months ended 30.09.24	Nine months ended 30.09.23
	£m	£m
Total operating expenses	(12,143)	(12,011)
UK regulatory levies1	(93)	—
Litigation and conduct	(99)	(32)
Operating costs	(11,951)	(11,979)

1Comprises the impact of the BoE levy scheme and the UK bank levy.


Reconciliation of group net interest income excluding IB and Head Office	Nine months ended 30.09.24	Nine months ended 30.09.23
	£m	£m
Total Barclays Group net interest income	9,436	9,570
Barclays Investment Bank	747	1,111
Head Office	463	185
Group NII excluding IB and Head Office	8,226	8,273


Tangible net asset value per share	As at 30.09.24	As at 31.12.23	As at 30.09.23
	£m	£m	£m
Total equity excluding non-controlling interests	70,972	71,204	68,315
Other equity instruments	(11,739)	(13,259)	(11,857)
Shareholders' equity attributable to ordinary shareholders of the parent	59,233	57,945	56,458
Goodwill and intangibles	(8,123)	(7,794)	(8,265)
Tangible shareholders' equity attributable to ordinary shareholders of the parent	51,110	50,151	48,193

	m	m	m
Shares in issue	14,571	15,155	15,239

	p	p	p
Net asset value per share	407	382	370
Tangible net asset value per share	351	331	316


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Barclays PLC	49


Appendix: Non-IFRS Performance Measures


Profit/(loss) attributable to ordinary equity holders of the parent	Q324 YTD	Q323 YTD	Q324	Q224	Q124	Q423	Q323	Q223	Q123	Q422
		£m		£m	£m	£m	£m	£m	£m	£m
Barclays UK	1,684	1,580	621	584	479	382	531	534	515	474
Barclays UK Corporate Bank	392	525	144	135	113	59	129	239	157	131
Barclays Private Bank and Wealth Management	225	283	74	77	74	47	102	91	90	92
Barclays Investment Bank	2,266	2,190	652	715	899	(149)	580	562	1,048	313
Barclays US Consumer Bank	208	134	89	75	44	(3)	3	72	59	101
Head Office	(424)	(327)	(16)	(349)	(59)	(447)	(71)	(170)	(86)	(75)
Barclays Group	4,351	4,385	1,564	1,237	1,550	(111)	1,274	1,328	1,783	1,036


Average equity	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn	£bn
Barclays UK	14.4	14.0	14.5	14.4	14.3	14.1	14.0	14.2	13.9	13.7
Barclays UK Corporate Bank	3.0	2.9	3.1	3.0	3.0	2.8	2.8	2.9	2.9	2.9
Barclays Private Bank and Wealth Management	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.1	1.2
Barclays Investment Bank	29.8	29.0	29.5	29.9	30.0	28.9	28.8	29.0	29.1	30.9
Barclays US Consumer Bank	3.7	3.9	3.8	3.6	3.6	3.6	3.8	3.9	3.9	4.1
Head Office	6.3	4.6	7.1	5.7	6.3	6.6	4.6	4.3	5.0	2.1
Barclays Group	58.3	55.5	59.1	57.7	58.3	57.1	55.1	55.4	55.9	54.9


Return on average equity	%	%	%	%	%	%	%	%	%	%
Barclays UK	15.6	15.0	17.1	16.2	13.4	10.8	15.2	15.1	14.8	13.8
Barclays UK Corporate Bank	17.3	24.4	18.8	18.0	15.2	8.4	18.3	32.9	21.7	17.8
Barclays Private Bank and Wealth Management	27.0	34.0	26.5	28.1	26.3	17.4	37.6	32.8	31.6	32.1
Barclays Investment Bank	10.1	10.1	8.8	9.6	12.0	(2.1)	8.0	7.7	14.4	4.0
Barclays US Consumer Bank	7.5	4.6	9.3	8.4	4.8	(0.3)	0.3	7.5	6.0	9.9
Head Office	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
Barclays Group	9.9	10.5	10.6	8.6	10.6	(0.8)	9.3	9.6	12.8	7.5


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Barclays PLC	50


Shareholder Information



Results timetable1					Date
2024 Full Year Results and Annual Report					13 February 2025


						% Change3
Exchange rates2	30.09.24	30.06.24	31.12.23	30.09.23		30.06.24	31.12.23	30.09.23
Period end - USD/GBP	1.34	1.26	1.28	1.22		6%	5%	10%
YTD average - USD/GBP	1.28	1.30	1.24	1.24		(2)%	3%	3%
3 month average - USD/GBP	1.30	1.26	1.24	1.27		3%	5%	2%
Period end - EUR/GBP	1.20	1.18	1.15	1.15		2%	4%	4%
YTD average - EUR/GBP	1.17	1.19	1.15	1.15		(2)%	2%	2%
3 month average - EUR/GBP	1.18	1.18	1.15	1.16		—%	3%	2%

Share price data
Barclays PLC (p)	224.55	208.90	153.78	158.94
Barclays PLC number of shares (m)4	14,571	14,826	15,155	15,239


For further information please contact

Investor relations	Media relations
Marina Shchukina +44 (0) 20 7116 2526	Tom Hoskin +44 (0) 20 7116 4755

More information on Barclays can be found on our website: home.barclays

Registered office
1 Churchill Place, London, E14 5HP, United Kingdom. Tel: +44 (0) 20 7116 1000. Company number: 48839.

Registrar
Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom.
Tel: +44 (0)371 384 2055 (UK and International telephone number)5.

American Depositary Receipts (ADRs)
EQ Shareowner Services
P.O. Box 64504
St. Paul, MN 55164-0504
United States of America
shareowneronline.com
Toll Free Number: +1 800-990-1135
Outside the US: +1 651-453-2128

Delivery of ADR certificates and overnight mail
EQ Shareowner Services, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120-4100, USA.

1Note that this date is provisional and subject to change.

2The average rates shown above are derived from daily spot rates during the year.

3The change is the impact to GBP reported information.

4The number of shares of 14,571m as at 30 September 2024 is different from the 14,561m quoted in the 1 October 2024 announcement entitled “Total Voting Rights” because the share buyback transactions executed on 27 and 30 September 2024 did not settle until 1 and 2 October 2024 respectively.

5Lines open 8.30am to 5.30pm (UK time), Monday to Friday, excluding UK public holidays in England and Wales.


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Barclays PLC	51


Glossary of terms

‘Advanced Internal Ratings Based (A-IRB)’ See ‘Internal Ratings Based (IRB)’.

‘Acceptances and endorsements’ Acceptances are an undertaking by a bank to pay a bill of exchange drawn on a customer, for which reimbursement by the customer is normally immediate. Endorsements are to change the payee of a bill of exchange but with no change to the bank’s liability.

‘Additional Tier 1 (AT1) capital’ A type of capital as defined in CRR, largely comprising eligible non-common equity capital securities and any related share premium.

‘Additional Tier 1 (AT1) securities’ Non-common equity securities that are eligible as AT1 capital.

‘Advanced Measurement Approach (AMA)’ An approach used to quantify required capital for operational risk. Under the AMA, banks are allowed to develop their own empirical model to quantify the required capital for operational risk. Banks can only use this approach subject to approval from their applicable local regulators.

‘Agency Bonds’ Bonds issued by state and / or government agencies or government-sponsored entities.

‘Agency Mortgage-Backed Securities’ Mortgage-Backed Securities issued by government-sponsored entities.

‘All price risk (APR)’ An estimate of all the material market risks, including rating migration and default, for the correlation trading portfolio.

‘American Depository Receipts (ADR)’ A negotiable certificate that represents the ownership of depository shares in a non-US company (e.g. Barclays) trading on US financial markets.

‘Americas’ Geographic segment comprising the US, Canada and countries where Barclays operates within Latin America.

‘Annual Earnings at Risk (AEaR)’ A measure of the potential change in Net Interest Income (NII) due to interest rate movement over a one-year period.

‘Annualised cumulative weighted average lifetime PD’ The Probability of Default (PD) over the remaining life of the asset, expressed as an annual rate, reflecting a range of possible economic scenarios.

‘Application scorecards’ Algorithm based decision-making tools used to aid business decisions and manage credit risk, based on available customer data at the point of application for a product.

‘Arrears’ Customers are said to be in arrears when they are behind in fulfilling their obligations, with the result that an outstanding loan is unpaid or overdue. Such customers are also said to be in a state of delinquency. When a customer is in arrears, their entire outstanding balance is said to be delinquent, meaning that delinquent balances are the total outstanding loans on which payments are overdue.

‘Asia’ Geographic segment comprising countries where Barclays operates within Asia and the Middle East.

‘Asset Backed Commercial Paper (ABCP)’ Typically short-term notes secured on specified assets issued by consolidated special purpose entities for funding purposes.

‘Asset Backed Securities (ABS)’ Securities that represent an interest in an underlying pool of referenced assets. The referenced pool can comprise any assets which attract a set of associated cash flows but are commonly pools of residential or commercial mortgages and, in the case of a Collateralised Debt Obligation (CDO), the referenced pool may be ABS or other classes of assets.

‘Attributable profit’ Profit after tax that is attributable to ordinary equity holders of Barclays adjusted for the after tax amounts of capital securities classified as equity.

‘Average allocated tangible equity’ (for businesses) Calculated as the average of the previous month’s period end allocated tangible equity and the current month’s period end allocated tangible equity. The average allocated tangible equity for the period is the average of the monthly averages within that period.

‘Average tangible shareholders’ equity’ (for Barclays Group) Calculated as the average of the previous month’s period end tangible shareholders’ equity and the current month’s period end tangible shareholders’ equity. The average tangible shareholders’ equity for the period is the average of the monthly averages within that period.

‘Average UK leverage ratio’ In accordance with the PRA rulebook, calculated as the average capital measure based on the last day of each month in the quarter divided by the average exposure measure for the quarter, where the average exposure is based on each day in the quarter.

‘Back testing’ Includes a number of techniques that assess the continued statistical validity of a model by simulating how the model would have predicted recent experience.


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Barclays PLC	52


Glossary of terms

‘Balance weighted Loan to Value (LTV) ratio’ In the context of the credit risk disclosures on secured home loans, a means of calculating marked to market LTVs derived by calculating individual LTVs at account level, and weighting it by the balances to arrive at the average position. Balance weighted LTV ratio is calculated using the following formula: LTV = ((loan 1 balance x Marked to market (MTM) LTV% for loan 1) + (loan 2 balance x MTM LTV% for loan 2) + ...) / total outstanding balances in portfolio.

‘Bank of England (BoE)’ The central bank of the United Kingdom with devolved responsibility for managing monetary policy and to oversee regulation of the UK’s financial sector. The BoE prudentially regulates and supervises financial services firms through the PRA.

‘Bank of England levy scheme’ a new levy scheme which commenced on 1 March 2024 replacing the Cash Ratio Deposit scheme as a means of funding the BoE's monetary policy and financial stability operations.

‘Barclays Africa’ or ‘Absa’ or ‘Absa Group Limited’ Absa Group Limited (formerly Barclays Africa Group Limited), which was previously a subsidiary of the Barclays Group. As a consequence of its disposals of shares in April 2022 and September 2022, the Barclays Group has now exited its shareholding in Absa Group Limited.

‘Barclaycard Consumer UK’ One of three segments within Barclays UK comprising the UK Barclaycard business.

‘Barclays’ or ‘Barclays Group’ or ‘Group’ Barclays PLC, together with its subsidiaries.

‘Barclays Bank Group’ Barclays Bank PLC, together with its subsidiaries.

‘Barclays Bank UK Group’ Barclays Bank UK PLC, together with its subsidiaries.

‘Barclays Operating Businesses’ The core Barclays businesses, comprising Barclays UK (which consists of the UK Personal Banking; UK Business Banking and the Barclaycard Consumer UK businesses), UKCB, PBWM, IB and USCB.

‘Barclays Execution Services’ or ‘BX’ or ‘Group Service Company’ Barclays Execution Services Limited, the Group-wide service company providing technology, operations and functional services to businesses across the Barclays Group.

‘Barclays Investment Bank (IB)’ The Barclays Group’s investment bank which consists of origination led and returns focused Global Markets and Investment Banking businesses.

‘Barclays Private Bank and Wealth Management (PBWM)’ This division serves UK and international private banking clients providing a range of investment, banking and lending products alongside expert advice. It also serves UK wealth management and UK digital investing clients offering a range of financial services.

‘Barclays UK’ This segment broadly represents businesses that sit within the UK ring-fenced bank entity, Barclays Bank UK PLC, and comprises Personal Banking, Business Banking and Barclaycard Consumer UK.

‘Barclays UK Corporate Bank (UKCB)’ This division brings together lending, trade and working capital, liquidity, payments and FX solutions for UK corporate clients with an annual turnover from £6.5 million and higher, excluding those clients that form part of the FTSE 350, which are included within the IB.

‘Barclays US Consumer Bank (USCB)’ is a co-branded credit card issuer and financial services partner in the United States for travel, entertainment, retail and affinity institutions. It offers co-branded, small business and private label credit cards, installment loans, online savings accounts and certificates of deposits.

‘Basel 3’ or ‘Basel III’ The third of the Basel Accords, setting minimum requirements and standards that apply to internationally active banks. Basel 3 is a set of measures developed by the Basel Committee on Banking Supervision aiming to strengthen the regulation, supervision and risk management of banks.

‘Basel 3.1' refers to the revision of BCBS standards to complete the BCBS' post global financial crisis reforms. Basel 3.1 introduces changes to how to calculate capital requirements for all risk types, for both standardised and internal model approaches.

‘Basel Committee on Banking Supervision (BCBS)’ or ‘The Basel Committee’ A forum for regular cooperation on banking supervisory matters which develops global supervisory standards for the banking industry. Its 45 members are officials from central banks or prudential supervisors from 28 jurisdictions.

‘Basic Indicator Approach (BIA)’ An approach used to quantify required capital for operational risk. Under the BIA, banks are required to hold regulatory capital for operational risk equal to 15% of the annual average, calculated over a rolling three-year period, of the relevant income indicator for the bank as whole.

‘Basis point(s)’ or ‘bp(s)’ One hundredth of a per cent (0.01%); 100 basis points is 1%. The measure is used for quoting movements in interest rates, yields on securities and for other purposes.


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Barclays PLC	53


Glossary of terms

‘Basis risk’ Index/tenor risk that arises when floating rate products are linked to different interest rate indices, which are imperfectly correlated, especially under stressed market conditions.

‘Behavioural scorecards’ Algorithm-based decision tools used to aid business decisions and manage credit risk based on existing customer data derived from account usage.

'Board’ The board of directors of the relevant Barclays Group entity.

‘Book quality’ In the context of the Capital Risk section of the Barclays PLC Annual Report (or equivalent section in quarterly or half yearly results), changes in RWAs caused by factors such as underlying customer behaviour or demographics leading to changes in risk profile.

‘Book size’ In the context of the Capital Risk section of the Barclays PLC Annual Report (or equivalent section in quarterly or half yearly results), changes in RWAs driven by business activity, including net originations or repayments.

‘Bounce Back Loan Scheme (BBLS)’ A UK Government (British Business Bank) backed loan scheme which allowed SMEs to borrow between £2,000 and £50,000. The UK Government guarantees 100% of the loan and pays the first 12 months of interest on behalf of the borrowers, subject to terms and conditions. The scheme closed on 31 March 2021.

‘Business Banking’ One of three segments within Barclays UK. Includes Business Banking services for UK clients with an annual turnover of typically up to £6.5 million, as well as the Education, Social Housing and Local Authority (ESHLA) portfolio.

‘Business Growth Fund (BGF)’ An independent company established by the UK’s largest banks, including Barclays, to help young, fast-growing businesses by providing long-term growth capital. Barclays holds an associate interest in BGF.

‘Business scenario stresses’ Multi-asset scenario analysis of extreme, but plausible, events that may impact the market risk exposures of the IB.

‘Buy to let mortgage’ A mortgage whereby the intention of the customer is to let the property at origination.

‘Capital Conservation Buffer (CCB)’ A capital buffer of 2.5% of a bank’s total exposures that needs to be met with an additional amount of Common Equity Tier 1 capital above the 4.5% minimum requirement for Common Equity Tier 1 set out in CRR. Its objective is to conserve a bank’s capital by ensuring that banks build up surplus capital outside periods of stress which can be drawn down if losses are incurred.

‘Capital ratios’ Key financial ratios measuring the bank's capital adequacy or financial strength expressed as a percentage of RWAs.

‘Capital Requirements Directive (CRD)’ Directive 2013/36/EU (as amended), which accompanies the CRR and which prescribes further prudential standards including capital buffers and "Pillar 2A" capital requirements. CRD was implemented before Brexit. In the EU, further amendments to CRD are made by Directive (EU) 2024/1619 ('CRD VI'), which member states must transpose by January 2026.

‘Capital Requirements Directive IV (CRD IV)’ The Fourth Capital Requirements Directive, comprising an EU amending Directive and an accompanying Regulation (CRR) that together prescribe EU capital adequacy and liquidity requirements, and which implements Basel 3 in the European Union.

‘Capital Requirements Directive V (CRD V)’ The Fifth Capital Requirements Directive, comprising an EU amending Directive and an accompanying amending Regulation (CRR II) that together prescribe EU capital adequacy and liquidity requirements, and which implements enhanced Basel 3 proposals in the European Union.

‘Capital Requirements Regulation (CRR)’ Refers to EU CRR and/or UK CRR as the context requires.

‘Capital Requirements Regulation II (CRR II)’ Regulation (EU) 2019/876, amending Regulation (EU) No 575/2013 (CRR). This is a component of the EU Risk Reduction Measure package. The requirements set out in CRR II were introduced between 27 June 2019 and 28 June 2023. Following a consultation process in 2021, the PRA finalized their implementation of the CRR II package through Policy Statement 22/21. The finalized requirements were implemented in the UK through the PRA rulebook with effect from 1 January 2022.

‘Capital requirements on the underlying exposures (KIRB)’ An approach available to banks when calculating RWAs for securitisation exposures. This is based upon the RWA amounts that would be calculated under the IRB approach for the underlying pool of securitised exposures in the programme, had such exposures not been securitised.

‘Capital resources’ Common Equity Tier 1, Additional Tier 1 capital and Tier 2 capital that are eligible to satisfy regulatory capital requirements. Referred to as ‘own funds’ within EU and UK regulatory texts.


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Barclays PLC	54


Glossary of terms

‘Capital risk’ The risk that the Barclays Group has an insufficient level or composition of capital to support its normal business activities and to meet its regulatory capital requirements under normal operating environments or stressed conditions (both actual and as defined for internal planning or regulatory testing purposes). This includes the risk from the Barclays Group’s pension plans.

‘Cash Ratio Deposit scheme’ A scheme that previously funded the BoE's monetary policy and financial stability functions, until it was replaced with the BoE levy scheme on 1 March 2024.

‘Central Counterparty’ or ‘Central Clearing Counterparties (CCPs)’ A clearing house mediating between the buyer and the seller in a financial transaction, such as a derivative contract or repurchase agreement (Repo). Where a Central Counterparty is used, a single bi-lateral contract between the buyer and seller is replaced with two contracts, one between the buyer and the CCP and one between the CCP and the seller. The use of CCPs allows for greater oversight and improved credit risk mitigation in over-the-counter (OTC) markets.

‘Charge-off’ In the retail segment this refers to the point in time when collections activity changes from the collection of arrears to the recovery of the full balance. This is normally when six payments are in arrears.

‘Client Assets’ Assets managed or administered by the Barclays Group on behalf of its clients including assets under management (AUM), custody assets, assets under administration and client deposits.

‘Client assets and liabilities’ Customer deposits, lending and invested assets.

‘Climate risk’ The impact on Financial and Operational Risks arising from climate change through physical risks, risks associated with transitioning to a lower carbon economy and connected risks arising as a result of second order impacts of these two drivers on portfolios.

–Physical risks: Physical risks resulting from a changing climate can be event driven (acute risks), including increased severity of extreme weather events such as cyclones, hurricanes and floods. Longer term shifts in climate patterns (chronic risks) arise from sustained higher temperatures that may cause rises in sea levels, rising mean temperatures and more severe weather events. These changes are likely to lead to risks for sovereigns, business models and supply chains.

–Transition risks: The transition to a lower carbon economy will involve significant rapid policy, regulatory and legal changes, as evolving technology and markets adapt to a changing climate and associated impacts. These changes will lead to risks for sovereigns, business models and supply chains.

–Connected risks: The second-order risks arising from physical or transition risk impacts. Connected risk is diverse, impacting customer and wholesale portfolios.

‘CLOs and other insured assets’ Highly-rated CLO positions wrapped by monolines, non-CLOs wrapped by monolines and other assets wrapped with Credit Support Annex (CSA) protection.

‘Collateralised Debt Obligation (CDO)’ A security issued by a third party which references Asset Backed Securities and/or certain other related assets purchased by the issuer. CDOs may feature exposure to sub-prime mortgage assets through the underlying assets.

‘Collateralised Loan Obligation (CLO)’ A security backed by repayments from a pool of commercial loans.

‘Collateralised Mortgage Obligation (CMO)’ A security backed by mortgages. A special purpose entity receives income from the mortgages and passes them on to investors in the security.

‘Combined Buffer Requirement (CBR)’ In the context of the CRD capital obligations, the total Common Equity Tier 1 capital required to meet the combined requirements of the Capital Conservation Buffer, the GSII Buffer, the counter-cyclical buffer, and the O-SII buffer if applicable to a firm.

‘Commercial paper (CP)’ Typically short-term notes issued by entities, including banks, for funding purposes.

‘Commercial real estate (CRE)’ Commercial real estate includes office buildings, medical centres, hotels, retail stores, shopping centres, farm land, multifamily housing buildings, warehouses, garages, industrial properties and other similar properties. Commercial real estate loans are loans backed by a package of commercial real estate. Note: for the purposes of the Credit Risk section, the UK CRE portfolio includes property investment, development, trading and housebuilders but excludes social housing contractors.

‘Commissions and other incentives’ Includes commission-based arrangements, guaranteed incentives and Long Term Incentive Plan awards.

‘Committee of Sponsoring Organizations of the Treadway Commission Framework (COSO)’ A joint initiative of five private sector organisations dedicated to the development of frameworks and providing guidance on enterprise risk management, internal control and fraud deterrence.


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‘Commodity derivatives’ Exchange traded and over-the-counter (OTC) derivatives based on an underlying commodity (e.g. metals, precious metals, oil and oil related products, power and natural gas).

‘Commodity risk’ Measures the impact of changes in commodity prices and volatilities, including the basis between related commodities (e.g. Brent vs. WTI crude prices).

‘Common Equity Tier 1 (CET1) capital’ The highest quality form of regulatory capital under CRR that comprises common shares issued and related share premium, retained earnings and other reserves, less specified regulatory adjustments.

‘Common Equity Tier 1 (CET1) ratio’ A measure of CET1 capital expressed as a percentage of RWAs.

‘Compensation: income ratio’ The ratio of compensation expense over total income. Compensation represents total staff costs less non-compensation items (consisting of outsourcing, staff training, redundancy costs and retirement costs).

‘Compliance Risk’ The risk of poor outcomes for, or harm to, customers, clients and markets, arising from the delivery of the firm’s products and services (also known as 'Conduct Risk') and the risk to Barclays, its clients, customers or markets from a failure to comply with the laws, rules and regulations applicable to the firm (also known as Laws, Rules and Regulations Risk 'LRR Risk’).

‘Comprehensive Capital Analysis and Review (CCAR)’ An annual exercise, required by and evaluated by the Federal Reserve, through which the largest banks' holding companies operating in the US assess whether they have sufficient capital to continue operations through periods of economic and financial stress and have robust capital-planning processes that account for their unique risks.

‘Comprehensive Risk Capital Charge (CRCC)’ An estimate of all the material market risks, including rating migration and default, for the correlation trading portfolio.

‘Comprehensive Risk Measure (CRM)’ An estimate of all the material market risks, including rating migration and default, for the correlation trading portfolio. Also referred to as All Price Risk (APR) and Comprehensive Risk Capital Charge (CRCC).

‘Constant Currency Basis’ Excluding the impact of foreign currency conversion to GBP when comparing financial results in two different financial periods.

‘Coronavirus Business Interruption Loan Scheme (CBILS)’ A loan scheme by the British Business Bank (BBB) to support UK based small and medium-sized businesses (turnover of up to £45 million) adversely impacted by COVID-19. The CBILS scheme provided loans of up to £5 million which are backed by an 80% UK Government (BBB) guarantee. The UK Government will pay interest and fees for the first 12 months on behalf of the borrowers, subject to terms and conditions. This scheme ended on 31 March 2021.

‘Coronavirus Large Business Interruption Loan Scheme (CLBILS)’ A loan scheme by the British Business Bank (BBB) to support UK based medium-sized businesses (turnover above £45 million, but with no access to Covid Corporate Finance Facility (CCFF)) adversely impacted by COVID-19. The CLBILS scheme provided loans of up to £200 million which are backed by an 80% UK Government (BBB) guarantee. This scheme ended on 31 March 2021.

‘Correlation risk’ Refers to the change in marked to market value of a security when the correlation between the underlying assets changes over time.

‘Cost of Equity’ The rate of return targeted by the equity holders of a company.

‘Cost: income jaws’ Relationship between the percentage change movement in operating expenses relative to total income.

‘Cost: income ratio’ Total operating expenses divided by total income.

‘Countercyclical Capital Buffer (CCyB)’ A capital buffer that requires banks to have an additional cushion of CET 1 capital with which to absorb potential losses, enhancing their resilience and contributing to a stable financial system.

‘Countercyclical leverage ratio buffer (CCLB)’ A macroprudential capital buffer that has applied to specific PRA regulated institutions since 2018 and is calculated at 35% of any risk weighted countercyclical capital buffer set by the Financial Policy Committee (FPC). The CCLB applies in addition to the minimum of 3.25% and any G-SII additional leverage ratio buffer that applies.

‘Counterparty credit risk (CCR)’ The risk that a counterparty to a transaction could default before the final settlement of a transaction’s cash flows. In the context of RWAs, a component of RWAs that represents the risk of loss from derivatives, repurchase agreements and similar transactions as a result of the default of the counterparty.

‘Coverage ratio’ This represents the percentage of impairment allowance reserve against the gross exposure.

‘Covered bonds’ Debt securities backed by a portfolio of mortgages that are segregated from the issuer’s other assets solely for the benefit of the holders of the covered bonds.


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‘Covid Corporate Financing Facility (CCFF)’ BoE scheme to support liquidity among larger investment grade firms which make a material UK contribution, helping to bridge COVID-19 disruption to their cash flows. The Bank of England provided liquidity by purchasing short-term debt in the form of commercial paper from corporates. Barclays acted as dealer. This scheme closed for new purchases of commercial paper with effect from 23 March 2021.

‘Credit conversion factor (CCF)’ A factor used to estimate the risk from off-balance sheet commitments for the purpose of calculating the total Exposure at Default (EAD) used to calculate RWAs.

‘Credit default swaps (CDS)’ A contract under which the protection seller receives premiums or interest-related payments in return for contracting to make payments to the protection buyer in the event of a defined credit event. Credit events normally include bankruptcy, payment default on a reference asset or assets, or downgrades by a rating agency.

‘Credit derivatives (CDs)’ An arrangement whereby the credit risk of an asset (the reference asset) is transferred from the buyer to the seller of the protection.

‘Credit impairment charges’ Impairment charges on loans and advances to customers and banks and impairment charges on fair value through other comprehensive income assets and reverse repurchase agreements.

‘Credit market exposures’ Assets and other instruments relating to commercial real estate and leveraged finance businesses that have been significantly impacted by the deterioration in the global credit markets. The exposures include positions subject to fair value movements in the Income Statement, positions that are classified as loans and advances, and available for sale and other assets.

‘Credit quality step’ An indicator of credit risk. In the context of the Standardised Approach to calculating credit risk RWAs, a “credit quality assessment scale” maps the credit assessments of a recognised credit rating agency or export credit agency to certain “credit quality steps” that determine the risk weight to be applied to an exposure.

‘Credit rating’ An evaluation of the creditworthiness of an entity seeking to enter into a credit agreement.

‘Credit risk’ The risk of loss to Barclays from the failure of clients, customers or counterparties, including sovereigns, to fully honour their obligations to Barclays, including the whole and timely payment of principal, interest, collateral and other receivables. In the context of RWAs, it is the component of RWAs that represents the risk of loss in loans and advances and similar transactions resulting from the default of the counterparty.

‘Credit risk mitigation’ A range of techniques and strategies used to actively mitigate credit risks to which the bank is exposed. These can be broadly divided into three types: collateral, netting and set-off, and risk transfer.

‘Credit spread’ The premium over the benchmark or risk-free rate required by the market to accept a lower credit quality.

‘Credit Valuation Adjustment (CVA)’ The difference between the risk-free value of a portfolio of trades and the market value which takes into account the counterparty’s risk of default. The CVA therefore represents an estimate of the adjustment to fair value that a market participant would make to incorporate the credit risk of the counterparty due to any failure to perform contractual agreements.

‘Customer assets’ Represents loans and advances to customers. Average balances are calculated as the sum of all daily balances for the year to date divided by number of days in the year to date.

‘Customer deposits’ Money deposited by all individuals and companies that are not credit institutions. Such funds are recorded as liabilities in the Barclays Group’s balance sheet under “deposits at amortised cost” (Customer liabilities).

‘Customer liabilities’ See ‘Customer deposits’.

‘Daily Value at Risk (DVaR)’ An estimate of the potential loss which might arise from market movements under normal market conditions if the current positions were to be held unchanged for one business day, measured to a specified confidence level.

‘Debit Valuation Adjustment (DVA)’ The opposite of Credit Valuation Adjustment (CVA). It is the difference between the risk-free value of a portfolio of trades and the market value which takes into account the Barclays Group’s risk of default. The DVA, therefore, represents an estimate of the adjustment to fair value that a market participant would make to incorporate the credit risk of the Barclays Group due to any failure to perform contractual obligations. The DVA decreases the value of a liability to take into account a reduction in the remaining balance that would be settled should the Barclays Group default or not perform any contractual obligations.

‘Debt buybacks’ Purchases of the Barclays Group’s issued debt securities, including equity accounted instruments, leading to their de-recognition from the balance sheet.

‘Debt securities in issue’ Transferable securities evidencing indebtedness of the Barclays Group. These are liabilities of the Barclays Group and include certificates of deposit and commercial paper.


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‘Default grades’ The Barclays Group classifies ranges of default probabilities into a set of 21 intervals called default grades, in order to distinguish differences in the PD risk.

‘Default fund contributions’ The contribution made by members of a Central Counterparty (CCP). All members are required to contribute to this fund in advance of using a CCP. The default fund can be used by the CCP to cover losses incurred by the CCP where losses are greater than the margins provided by a defaulting member.

‘Delinquency’ See ‘Arrears’.

‘Derivatives netting’ Adjustments applied across asset and liability marked to market derivative positions pursuant to legally enforceable bilateral netting agreements and eligible cash collateral received in derivative transactions that meet the requirements of BCBS 270 (Basel III leverage ratio framework and disclosure requirements).

‘Diversification effect’ Reflects the fact that the risk of a diversified portfolio is smaller than the sum of the risks of its constituent parts. It is measured as the sum of the individual asset class Daily Value at Risk (DVaR) estimates less the total DVaR.

‘Dodd-Frank Act (DFA)’ The US Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as amended.

‘Domestic Liquidity Sub-Group Arrangement (DoLSub)’ An intra-group capital and liquidity support agreement that secures certain regulatory permissions authorised by the PRA.

‘Economic Value of Equity (EVE)’ A measure of the potential change in value of expected future cash flows due to an adverse interest rate movement, based on existing balance sheet run-off profile.

‘Education, Social Housing and Local Authority (ESHLA) or (ESHLA portfolio)’ A Barclays UK portfolio primarily consisting of long dated fixed rate loans extended to counterparties in the UK Education, Social Housing and Local Authority sectors.

'Effective Expected Positive Exposure (EEPE)' The weighted average over time of effective expected exposure. The weights are the proportion that an individual exposure represents of the entire exposure horizon time interval.

‘Effective interest rate (EIR)’ As defined in IFRS 9 Financial Instruments, effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability.

‘Eligible liabilities’ Liabilities and capital instruments that are eligible to meet MREL that do not already qualify as own funds.

‘Encumbrance’ The use of assets to secure liabilities, such as by way of a lien or charge.

‘Enterprise Risk Management Framework (ERMF)’ The Barclays Group’s risk management responsibilities are laid out in the Enterprise Risk Management Framework, which describes how Barclays identifies and manages risk. The framework identifies the principal risks faced by the Barclays Group, sets out risk appetite requirements, sets out roles and responsibilities for risk management, and sets out risk committee structure.

‘Equities’ Trading businesses encompassing Cash Equities, Equity Derivatives & Equity Financing, part of IB.

‘Equity and stock index derivatives’ Derivatives whose value is derived from equity securities. This category includes equity and stock index swaps and options (including warrants, which are equity options listed on an exchange). The Barclays Group also enters into fund-linked derivatives, being swaps and options whose underlyings include mutual funds, hedge funds, indices and multi-asset portfolios. An equity swap is an agreement between two parties to exchange periodic payments, based upon a notional principal amount, with one side paying fixed or floating interest and the other side paying based on the actual return of the stock or stock index. An equity option provides the buyer with the right, but not the obligation, either to purchase or sell a specified stock, basket of stocks or stock index at a specified price or level on or before a specified date.

‘Equity risk’ In the context of trading book capital requirements, the risk of change in market value of an equity investment.

‘Equity structural hedge’ An interest rate hedge in place to reduce earnings volatility of the overnight / short-term equity investment and to smooth the income over a medium/long term.

‘EU CRR’ Regulation (EU) No 575/2013 as amended. EU CRR prescribes prudential requirements including minimum capital requirements, for EU banks and certain other entities. EU CRR was amended by CRR III as part of the EU’s implementation of Basel 3.1. The amendments will enter force beginning in January 2025.

‘EU Risk Reduction Measure package’ A collection of amending Regulations and Directives that update core EU regulatory texts and which came into force on 27 June 2019.

‘Euro Interbank Offered Rate (EURIBOR)’ A benchmark interest rate at which banks can borrow funds from other banks in the European interbank market.


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Glossary of terms

‘Europe’ Geographic segment comprising countries in which Barclays operates within the EU (excluding the UK), Northern Continental and Eastern Europe.

‘European Banking Authority (EBA)’ The EBA is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, stability, efficiency and orderly functioning of the banking sector.

‘European Securities and Markets Authority (ESMA)’ An independent European Supervisory Authority with the remit of enhancing the protection of investors and reinforcing stable and well-functioning financial markets in the European Union.

‘Eurozone’ Represents the 20 European Union countries that have adopted the Euro as their common currency. The 20 countries are Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.

‘Expected Credit Losses (ECL)’ A present value measure of the credit losses expected to result from default events that may occur during a specified period of time. ECLs must reflect the present value of cash shortfalls, and the unbiased and probability weighted assessment of a range of outcomes.

‘Expected Losses’ A regulatory measure of anticipated losses for exposures captured under an Internal Ratings Based credit risk approach for capital adequacy calculations. It is measured as the Barclays Group’s modelled view of anticipated losses based on Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD), with a one-year time horizon.

‘Expert lender models’ Models of risk measures that are used for parts of the portfolio where the risk drivers are specific to a particular counterparty, but where there is insufficient data to support the construction of a statistical model. These models utilise the knowledge of credit experts that have in depth experience of the specific customer type being modelled.

‘Exposure’ Generally refers to positions or actions taken by a bank, or consequences thereof, that may put a certain amount of a bank’s resources at risk.

‘Exposure at Default (EAD)’ The estimation of the extent to which the Barclays Group may be exposed to a customer or counterparty in the event of, and at the time of, that customer’s or counterparty’s default. At default, the customer may not have drawn the loan fully or may already have repaid some of the principal, so that exposure may be less than the approved loan limit.

‘External Credit Assessment Institutions (ECAI)’ Institutions whose credit assessments may be used by credit institutions for the determination of risk weight exposures according to UK CRR or EU CRR (as the case may be).

‘External ratings based approach / internal assessment approach (SEC-ERBA / IAA)’ This is a method to calculate risk-weighted exposure amounts for securitisation positions. Under the SEC-ERBA approach, regulatory capital is assigned to securitisation tranches on the basis of their external credit rating. The SEC-ERBA approach can also be used for unrated ABCP exposures where the institution has the regulatory permission to use the Internal Assessment Approach (IAA) to assign a credit rating to the unrated ABCP exposure.

‘Exchange-traded notes (ETNs)’ Unsecured debt securities that track an underlying index of securities and trade on a stock exchange.

‘FVOCI’ Fair value through other comprehensive income.

‘Federal Housing Finance Agency (FHFA)’ An independent federal agency in the United States that oversees the secondary mortgage market and regulates Fannie Mae and Freddie Mac, as well as 11 Federal Home Loan banks. The FHFA also sets the Housing Price Index (HPI) in the United States.

‘Federal Reserve Board (FRB)’ The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is responsible for – amongst other things – setting monetary policy in the US.

‘FICC’ Represents Macro (including rates and currency), Credit and Securitised products, part of IB.

‘Financial Policy Committee (FPC)’ The BoE’s Financial Policy Committee identifies, monitors and takes action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. The FPC also has a secondary objective to support the economic policy of the UK Government.

‘Financial Conduct Authority (FCA)’ The statutory body responsible for conduct of business regulation and supervision of UK authorised firms. The FCA also has responsibility for the prudential regulation of firms that do not fall within the PRA’s scope.

‘Financial Services Compensation Scheme (FSCS)’ The UK’s scheme for the compensation of customers of authorised financial services firms that are unable to pay claims.


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‘Financial collateral comprehensive method (FCCM)’ A counterparty credit risk exposure calculation approach which applies volatility adjustments to the market value of exposure and collateral when calculating RWA values.

‘Financial Stability Board (FSB)’ An international body that monitors and makes recommendations about the global financial system. It promotes international financial stability by coordinating national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory and other financial sector policies. It fosters a level playing field by encouraging coherent implementation of these policies across sectors and jurisdictions.

‘Fitch’ A credit rating agency, including Fitch Ratings Inc. and its affiliated entities.

‘Forbearance Programmes’ Forbearance programmes assist customers in financial difficulty through agreements to accept less than contractual amounts due where financial distress would otherwise prevent satisfactory repayment within the original terms and conditions of the contract. These agreements may be initiated by the customer, Barclays or a third party and include approved debt counselling plans, minimum due reductions, interest rate concessions and switches from capital and interest repayments to interest-only payments.

‘Foreclosures in Progress’ The process by which a bank initiates legal action against a customer with the intention of terminating a loan agreement whereby the bank may repossess the property used as collateral for the loan, subject to applicable law, and recover amounts it is owed.

‘Foreign exchange derivatives’ The Barclays Group’s principal exchange rate-related contracts are forward foreign exchange contracts, currency swaps and currency options. Forward foreign exchange contracts are agreements to buy or sell a specified quantity of foreign currency, usually on a specified future date at an agreed rate. Currency swaps generally involve the exchange, or notional exchange, of equivalent amounts of two currencies and a commitment to exchange interest periodically until the principal amounts are re-exchanged on a future date. Currency options provide the buyer with the right, but not the obligation, either to purchase or sell a fixed amount of a currency at a specified exchange rate on or before a future date. As compensation for assuming the option risk, the option writer generally receives a premium at the start of the option period.

‘Foreign exchange risk’ In the context of DVaR, the impact of changes in foreign exchange rates and volatilities.

'Foundation Internal Ratings Based (F-IRB)’ See ‘Internal Ratings Based (IRB)’.

'FTSE 350’ The Financial Times Stock Exchange index comprising the 350th largest companies by capitalisation listed on the London Stock Exchange.

‘Full time equivalent (FTE)’ Full time equivalent units are the on-job hours paid for employee services divided by the number of ordinary-time hours normally paid for a full-time staff member when on the job (or contract employees where applicable).

‘Fully loaded’ When a measure is presented or described as being on a fully loaded basis, it is calculated without applying the transitional provisions set out in Part Ten of UK CRR or EU CRR (as the case may be).

‘Funded credit protection’ A technique of credit risk mitigation where the reduction of the credit risk on the exposure of an institution derives from the right of that institution, in the event of the default of the counterparty or on the occurrence of other specified credit events relating to the counterparty, to liquidate, or to obtain transfer or appropriation of, or to retain certain assets or amounts, or to reduce the amount of the exposure to, or to replace it with the amount of the difference between the amount of the exposure and the amount of a claim on the institution.

‘FY23 Investor Update’ An event held in connection with Barclays resegmentation of businesses which was announced on 20 February 2024 and is part of its strategy to become Simpler, Better and more Balanced. Introducing the new segments of Barclays UK, Barclays UK Corporate, Barclays Private Bank and Wealth Management, Barclays Investment Bank, Barclays US Consumer Bank and Head Office.

‘Gains on acquisitions’ The amount by which an acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities, recognised in a business combination, exceeds the cost of the combination.

‘General Data Protection Regulation (GDPR)’ GDPR (Regulation (EU) 2016/679) is a regulation intended to strengthen and unify data protection for all individuals within the European Union. GDPR forms part of UK law pursuant to the European Union (Withdrawal) Act 2018, as amended.

‘General market risk’ The risk of a price change in a financial instrument due to a change in the level of interest rates or owing to a broad equity market movement unrelated to any specific attributes of individual securities.

‘Global markets’ Offers clients a full range of liquidity, risk management and financing solutions, ideas and content tailored to their investment and risk management needs, including execution capabilities across the spectrum of financial products.


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‘Global Systemically Important Banks (G-SIBs or G-SIIs)’ Global financial institutions whose size, complexity and systemic interconnectedness, mean that their distress or failure would cause significant disruption to the wider financial system and economic activity. The Financial Stability Board and the Basel Committee on Banking Supervision publish a list of global systemically important banks.

‘G-SII additional leverage ratio buffer (G-SII ALRB)’ A macroprudential buffer that applies to G-SIBs and other major domestic UK banks and building societies, including banks that are subject to ring-fencing requirements. The G-SII ALRB will be calibrated as 35% (on a phased basis) of the combined buffers that apply to the bank.

‘G-SII Buffer’ Common Equity Tier 1 capital required to be held to ensure that G-SIBs build up surplus capital to compensate for the systemic risk that such institutions represent to the financial system.

‘Grandfathering’ In the context of capital resources, the phasing in of the application of instrument eligibility rules, which allows formerly compliant capital instruments to be included in regulatory capital, subject to certain thresholds which decrease over the transitional period.

‘Gross charge-off rates’ Represents the balances charged-off to recoveries in the reporting period, expressed as a percentage of average outstanding balances excluding balances in recoveries. Charge-off to recoveries generally occurs when the collections focus switches from the collection of arrears to the recovery of the entire outstanding balance, and represents a fundamental change in the relationship between the bank and the customer. This is a measure of the proportion of customers that have gone into default during the period.

‘Gross Domestic Product (GDP)’ Measures the total value of goods and services produced in a country within a specific time period.

‘Gross write-off rates’ Expressed as a percentage and represent balances written off in the reporting period divided by gross loans and advances held at amortised cost at the balance sheet date.

‘Gross new lending’ New lending advanced to customers during the period.

‘Guarantee’ Unless otherwise described, an undertaking by a third party to pay a creditor should a debtor fail to do so. It is a form of credit substitution.

‘Head Office’ Comprises head office central support, central treasury operations, Barclays Execution Services assets and legacy businesses. In addition to these existing elements, as part of the resegmentation announced at the FY23 Investor Update on 20 February 2024, Head Office now also includes the German consumer finance business, which is currently accounted for as held for sale, and the merchant acquiring component of the Payments business.

‘High-Net-Worth’ Businesses that provide banking and other services to high net worth customers.

‘High-quality liquid assets (HQLA)’ Comprise eligible and unencumbered cash or assets that can be converted into cash at little or no loss of value in private markets, to meet liquidity needs arising from a liquidity stress scenario or event. Please refer to ‘Level 1 assets’ and ‘Level 2 assets’.

‘High Risk’ In retail banking, ‘High Risk’ is defined as the subset of up-to-date customers who, either through an event or observed behaviour, exhibit potential financial difficulty. Where appropriate, these customers are proactively contacted to assess whether assistance is required.

‘Home loan’ A loan to purchase a residential property. The property is then used as collateral to guarantee repayment of the loan. The borrower gives the lender a lien against the property and the lender can foreclose on the property if the borrower does not repay the loan per the agreed terms. Also known as a residential mortgage.

‘IHC’ or ‘US IHC’ The intermediate US holding company, Barclays US LLC, which holds most of Barclays’ subsidiaries and assets in the US.

‘Identified Impairment (II)’ Specific impairment allowances for financial assets, estimated individually.

‘IFRS’ International Financial Reporting Standards.

‘IFRS 9 transitional arrangements’ Following the application of IFRS 9 as of 1 January 2018, transitional arrangements under which Article 473a of UK CRR or EU CRR (as applicable) permits institutions to phase-in the impact on capital and leverage ratios of the impairment requirements under the new accounting standard.

‘Impairment Allowances’ A provision held on the balance sheet as a result of the raising of a charge against profit for expected losses in the lending book. An impairment allowance may either be identified or unidentified, and individual or collective.

‘Income’ Total income, unless otherwise specified.


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‘Incremental Risk Charge (IRC)’ An estimate of the incremental risk arising from rating migrations and defaults for traded debt instruments beyond what is already captured in specific market risk VaR for the non-correlation trading portfolio.

‘Independent Validation Unit (IVU)’ The function within Barclays responsible for independent review, challenge and approval of all models.

‘Individual liquidity guidance (ILG)’ Guidance given to a bank about the amount, quality and funding profile of liquidity resources that the PRA has asked the bank to maintain.

‘Inflation risk’ In the context of DVaR, the impact of changes in inflation rates and volatilities on cash instruments and derivatives.

‘Insurance Risk’ The risk of the Barclays Group’s aggregate insurance premiums received from policyholders under a portfolio of insurance contracts being inadequate to cover the claims arising from those policies.

‘Interchange’ Income paid to a credit card issuer for the clearing and settlement of a sale or cash advance transaction.

‘Interest-only home loans’ Under the terms of these loans, the customer makes payments of interest only for the entire term of the mortgage, although customers may make early repayments of the principal within the terms of their agreement. The customer is responsible for repaying the entire outstanding principal on maturity, which may require the sale of the mortgaged property.

‘Interest rate derivatives’ Derivatives linked to interest rates. This category includes interest rate swaps, collars, floors options and swaptions. An interest rate swap is an agreement between two parties to exchange fixed rate and floating rate interest by means of periodic payments based upon a notional principal amount and the interest rates defined in the contract. Certain agreements combine interest rate and foreign currency swap transactions, which may or may not include the exchange of principal amounts. A basis swap is a form of interest rate swap, in which both parties exchange interest payments based on floating rates, where the floating rates are based upon different underlying reference indices. In a forward rate agreement, two parties agree a future settlement of the difference between an agreed rate and a future interest rate, applied to a notional principal amount. The settlement, which generally occurs at the start of the contract period, is the discounted present value of the payment that would otherwise be made at the end of that period.

‘Interest rate risk’ The risk of interest rate volatility adversely impacting the Barclays Group’s NIM. In the context of the calculation of market risk DVaR, measures the impact of changes in interest (swap) rates and volatilities on cash instruments and derivatives.

‘Interest rate risk in the banking book (IRRBB)’ The risk that the Barclays Group is exposed to capital or income volatility because of a mismatch between the interest rate exposures of its (non-traded) assets and liabilities.

‘Internal Assessment Approach (IAA)’ One of three types of calculation that a bank with permission to use the Internal Ratings Based (IRB) approach may apply to securitisation exposures. It consists of mapping a bank's internal rating methodology for credit exposures to those of an External Credit Assessment Institution (ECAI) to determine the appropriate risk weight based on the ratings based approach. Its applicability is limited to ABCP programmes related to liquidity facilities and credit enhancement.

‘Internal Capital Adequacy Assessment Process (ICAAP)’ It describes how the Barclays Group identifies, manages and qualifies the risks to which it is exposed, in pursuit of its business strategy. It assesses whether the quality and quantity of capital is available to absorb capital losses for the risks the firm undertakes. The capital adequacy is assessed on a point of time basis and on a forward looking basis taking into account baseline and stressed economic capital conditions.

'Internal Model Approach (IMA)’ In the context of RWAs, a method for calculating RWAs where the exposure amount has been derived via the use of a regulator approved internal market risk model.

'Internal Model Method (IMM)’ In the context of RWAs, a method for calculating RWAs where the exposure amount has been derived via the use of a regulator approved internal counterparty credit risk model.

‘Internal Ratings Based (IRB)’ An approach under the UK CRR or EU CRR framework that relies on the bank’s internal models to derive the risk weights. The IRB approach is divided into two alternative applications, Advanced and Foundation:

–Advanced Internal Ratings Based (A-IRB): the bank uses its own estimates of Probability of Default (PD), Loss Given Default (LGD) and credit conversion factor to model a given risk exposure.

–Foundation Internal Ratings Based (F-IRB): the bank applies its own PD as for A-IRB, but it uses standard parameters for the LGD and the credit conversion factor. The Foundation IRB approach is specifically designed for wholesale credit exposures. Hence retail, equity, securitisation positions and non-credit obligations asset exposures are treated under standardised or A-IRB.


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Glossary of terms

‘Internal Ratings Based approach (SEC-IRBA)’ This is a method to calculate risk-weighted exposure amounts for securitisation positions. Under this method, an institution must be able to model regulatory capital requirements for underlying exposures in the securitisation as if these had not been securitised (‘KIRB’), subject to certain other inputs and criteria.

‘International Corporate Bank’ provides lending, trade & working capital, liquidity, payments and FX solutions to multinational companies and financial institutions globally and to FTSE350 companies in the UK.

‘Invested assets’ Assets under management and supervision.

‘Investment Banking’ Provides clients with strategic advice on mergers and acquisitions (M&A), corporate finance, financial risk management and equity and debt issuance. As part of its International Corporate Banking offering it also provides lending, trade & working capital, liquidity, payments and FX solutions to multinational companies and financial institutions globally and to FTSE 350 companies in the UK.

‘Investment Banking Fees’ In the context of IB analysis of Total Income, fees generated from origination activity businesses – including financial advisory, debt and equity underwriting.

‘Investment grade’ A debt security, treasury bill or similar instrument with a credit rating of AAA to BBB as measured by external credit rating agencies.

‘IPO’ Initial Public Offering.

‘IRB Roadmap’ Contains several EBA technical standards and sets of guidelines developed with the intent to reduce unwarranted variability across firms in IRB Risk-Weighted Assets for Credit Risk. The PRA required UK firms to implement these changes from 1 January 2022.

‘ISDA Master Agreement’ The most commonly used master contract for over-the-counter (OTC) derivative transactions internationally. It is part of a framework of documents, designed to enable OTC derivatives to be documented fully and flexibly. The framework consists of a master agreement, a schedule, confirmations, definitions booklets, and a credit support annex. The ISDA Master Agreement is published by the International Swaps and Derivatives Association (ISDA).

‘Key Risk Scenarios (KRS)’ Key Risk Scenarios are a summary of the extreme potential risk exposure for each key risk in each business and function, including an assessment of the potential frequency of risk events, the average size of losses and three extreme scenarios. The Key Risk Scenario assessments are a key input to the Advanced Measurement Approach (AMA) calculation of regulatory and economic capital requirements.

‘Large exposure’ A large exposure is defined as the total exposure of a bank to a counterparty or group of connected clients, whether in the banking book or trading book or both, which in aggregate equals or exceeds 10% of the bank's eligible capital.

‘Legal risk' or 'LRR risk' The risk of loss or imposition of penalties, damages or fines from the failure of the firm to meet applicable laws, rules and regulations or contractual requirements or to assert or defend its intellectual property rights.

‘Lending’ In the context of IB analysis of Total Income, lending income includes NII, gains or losses on loan sale activity, and risk management activity relating to the loan portfolio.

‘Letters of credit’ A letter typically used for the purposes of international trade guaranteeing that a debtor’s payment to a creditor will be made on time and in full. In the event that the debtor is unable to make payment, the bank will be required to cover the full or remaining amount of the purchase.

‘Level 1 assets’ High-quality liquid assets (HQLA) under the Basel Committee’s Liquidity Coverage Ratio (LCR), including cash, central bank reserves and higher quality government securities.

‘Level 2 assets’ High-quality liquid assets (HQLA) under the Basel Committee’s Liquidity Coverage Ratio (LCR), comprising Level 2A assets, including, e.g. lower quality government securities, covered bonds and corporate debt securities, and Level 2B assets, including, e.g. lower rated corporate bonds, Residential Mortgage-Backed Securities and equities that meet certain conditions.

‘Lifetime expected credit losses’ An assessment of expected losses associated with default events that may occur during the life of an exposure, reflecting the present value of cash shortfalls over the remaining expected life of the asset.

‘Lifetime Probability’ The likelihood of accounts entering default during the expected remaining life of the asset.

‘Liquidity Coverage Ratio (LCR)’ The ratio of the stock of high-quality liquid assets (HQLA) to expected net cash outflows over the next 30 days. HQLA should be unencumbered, liquid in markets during a time of stress and, ideally, be central bank eligible. These include cash and claims on central governments and central banks.


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Glossary of terms

‘Liquidity Pool’ The Barclays Group liquidity pool comprises cash at central banks and highly liquid collateral specifically held by the Barclays Group as a contingency to enable the bank to meet cash outflows in the event of stressed market conditions.

‘Liquidity Risk’ The risk that the Barclays Group is unable to meet its contractual or contingent obligations, or that it does not have the appropriate amount, tenor and composition of funding and liquidity to support its assets.

‘Liquidity risk appetite (LRA)’ The level of liquidity risk that the Barclays Group chooses to take in pursuit of its business objectives and in meeting its regulatory obligations.

‘Liquidity Risk Management Framework (the Liquidity Framework)’ The Liquidity Risk Management Framework incorporates liquidity policies, systems and controls that the Barclays Group has implemented to manage liquidity risk within tolerances approved by the Board and regulatory agencies.

‘Litigation and conduct charges’ or ‘Litigation and conduct’ Litigation and conduct charges include regulatory fines, litigation settlements and conduct-related customer redress.

‘Loan loss rate (LLR)’ Quoted in basis points and represents total impairment charges divided by gross loans and advances held at amortised cost at the balance sheet date.

‘Loan to deposit ratio’ or ‘Loan: deposit ratio’ Loans and advances at amortised costs divided by deposits at amortised cost.

‘Loan to value (LTV) ratio’ Expresses the amount borrowed against an asset (i.e. a mortgage) as a percentage of the appraised value of the asset. The ratios are used in determining the appropriate level of risk for the loan and are generally reported as an average for new mortgages or an entire portfolio. Also see ‘Marked to market (MTM) LTV ratio’.

‘London Interbank Offered Rate (LIBOR)’ A benchmark interest rate at which banks can borrow funds from other banks in the London interbank market, currently phased out.

‘Loss Given Default (LGD)’ The percentage of Exposure at Default (EAD) that will not be recovered following default. LGD comprises the actual loss (the part that is not expected to be recovered), together with the economic costs associated with the recovery process.

‘Management VaR’ A measure of the potential loss of value arising from unfavourable market movements at a specific confidence level, if current positions were to be held unchanged for a predefined period. IB uses Management VaR with a two-year equally weighted historical period, at a 95% confidence level, with a one day holding period.

‘Mandatory break clause’ In the context of counterparty credit risk, a contract clause that means a trade will be ended on a particular date.

‘Marked to market approach’ A counterparty credit risk exposure calculation approach which uses the current marked to market value of derivative positions as well as a potential future exposure add-on to calculate an exposure to which a risk weight can be applied. This is also known as the Current Exposure Method.

‘Marked to market (MTM) LTV ratio’ The loan amount as a percentage of the current value of the asset used to secure the loan. Also see ‘Balance weighted Loan to Value (LTV) ratio’ and ‘Valuation weighted Loan to Value (LTV) ratio’.

‘Market risk’ The risk of loss arising from potential adverse changes in the value of the Barclays Group’s assets and liabilities from fluctuations in market variables including, but not limited to, interest rates, foreign exchange, equity prices, commodity prices, credit spreads, implied volatilities and asset correlations.

‘Master netting agreement’ An agreement that provides for a single net settlement of all financial instruments and collateral covered by the agreement in the event of the counterparty’s default, bankruptcy or insolvency, resulting in a reduced exposure.

‘Master trust securitisation programme’ A securitisation structure where a trust is set up for the purpose of acquiring a pool of receivables. The trust issues multiple series of securities backed by these receivables.

‘Material Risk Takers (MRTs)’ Categories of staff whose professional activities have or are deemed to have a material impact on Barclays’ risk profile, as determined in accordance with the European Banking Authority regulatory technical standard on the identification of such staff.

‘Maximum Distributable Amount (MDA)’ The MDA is a factor representing the available distributable profit of an institution whilst remaining in excess of its Combined Buffer Requirement (CBR). UK and EU regulations place restrictions on a bank’s dividend, AT1 securities coupon and variable compensation decisions depending on its proximity to meeting the buffer.


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Glossary of terms

‘Medium-Term Notes (MTNs)’ Corporate notes (or debt securities) continuously offered by a company to investors through a dealer. Investors can choose from differing maturities, ranging from under 1 year to 30 years. They can be issued on a fixed or floating coupon basis or with an exotic coupon; with a fixed maturity date (non-callable) or with embedded call or put options or early repayment triggers. MTNs are most generally issued as senior, unsecured debt.

‘Methodology and policy’ In the context of the Capital Risk section of the Barclays PLC Annual Report (or equivalent section in quarterly or half yearly results), the effect on RWAs of methodology changes driven by regulatory policy changes.

‘MiFID II’ Refers to either the Markets in Financial Instruments Directive 2014/65/EC and the Markets in Financial Instruments Regulation 600/2014 (as amended), which together are European Union laws that provide harmonised regulation for investment services across the member states of the European Economic Area, or these rules and regulations as they form part of UK law pursuant to the European Union (Withdrawal) Act 2018 (as amended), as applicable.

‘Minimum requirement for own funds and eligible liabilities (MREL)’ A European Union-wide requirement under the Bank Recovery and Resolution Directive for all European banks and investment banks to hold a minimum level of equity and/or loss absorbing eligible liabilities to ensure the operation of the bail-in tool to absorb losses and recapitalise an institution in resolution or these rules and regulations as they form part of UK law pursuant to the European Union (Withdrawal) Act 2018 (as amended), as applicable. An institution’s MREL requirement is set by its resolution authority. Amendments in the EU Risk Reduction Measure package are designed to align MREL and TLAC for EU G-SIBs.

‘Model risk’ The risk of the potential adverse consequences from financial assessments or decisions based on incorrect or misused model outputs and reports.

‘Model updates’ In the context of the Capital Risk section of the Barclays PLC Annual Report (or equivalent section in quarterly or half yearly results), changes in RWAs caused by model implementation, changes in model scope or any changes required to address model malfunctions.

‘Model validation’ Process through which models are independently challenged, tested and verified to prove that they have been built, implemented and used correctly, and that they continue to be fit-for-purpose.

‘Modelled VaR’ In the context of RWAs, market risk calculated using Value at Risk (VaR) models laid down by the CRR and supervised by the PRA.

‘Money market funds’ Investment funds typically invested in short-term debt securities.

‘Monoline derivatives’ Derivatives with a monoline insurer such as credit default swaps referencing the underlying exposures held.

‘Moody’s’ A credit rating agency, including Moody’s Investors Service, Inc. and its affiliated entities.

‘Mortgage Servicing Rights (MSR)’ A contractual agreement in which the right to service an existing mortgage is sold by the original lender to another party that specialises in the various functions involved with servicing mortgages.

‘Multilateral development banks’ Financial institutions created for the purposes of development, where membership transcends national boundaries.

‘Net asset value per share’ Calculated by dividing shareholders’ equity, excluding non-controlling interests and other equity instruments, by the number of issued ordinary shares.

‘Net Interest Income (NII)’ The difference between interest income on assets and interest expense on liabilities.

‘Net Interest Margin (NIM)’ Annualised NII divided by the sum of average customer assets.

‘Net investment income’ Changes in the fair value of financial instruments designated at fair value, dividend income and the net result on disposal of available for sale assets.

‘Net Stable Funding Ratio (NSFR)’ The ratio of available stable funding to required stable funding over a one-year time horizon, assuming a stressed scenario. The ratio is required to be over 100%. Available stable funding would include items such as equity capital, preferred stock with a maturity of over one year, or liabilities with a maturity of over one year. The required amount of stable funding is calculated as the sum of the value of the assets held and funded by the institution, multiplied by a specific required stable funding factor assigned to each particular asset type, added to the amount of potential liquidity exposure multiplied by its associated required stable funding factor.

‘Net trading income’ Gains and losses arising from trading positions which are held at fair value, in respect of both market-making and customer business, together with interest, dividends and funding costs relating to trading activities.

‘Net write-off rate’ Expressed as a percentage and represents balances written off in the reporting period less any post write-off recoveries divided by gross loans and advances held at amortised cost at the balance sheet date.


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Glossary of terms

‘Net written credit protection’ In the context of leverage exposure, the net notional value of credit derivatives protection sold and credit derivatives protection bought.

‘New bookings’ The total of the original balance on accounts opened in the reporting period, including any applicable fees and charges included in the loan amount.

‘Non-asset backed debt instruments’ Debt instruments not backed by collateral, including government bonds, US agency bonds, corporate bonds, commercial paper, certificates of deposit, convertible bonds, corporate bonds and issued notes.

‘Non-Model Method (NMM)’ In the context of RWAs, a method for calculating RWAs where the exposure amount has been derived through the use of standardised rules, as opposed to an internal model.

‘Non-Traded Market Risk’ The risk that the current or future exposure in the banking book (i.e. non-traded book) will impact the bank's capital and/or earnings due to adverse movements in Interest or foreign exchange rates.

‘Non-Traded VaR’ Reflects the volatility in the value of the fair value through other comprehensive income (FVOCI) investments in the liquidity pool which flow directly through capital via the FVOCI reserve. The underlying methodology to calculate non-traded VaR is similar to Traded Management VaR, but the two measures are not directly comparable. The Non-Traded VaR represents the volatility to capital driven by the FVOCI exposures. These exposures are in the banking book and do not meet the criteria for trading book treatment.

‘Notch’ A single unit of measurement in a credit rating scale.

‘Notional amount’ The nominal or face amount of a financial instrument, such as a loan or a derivative, that is used to calculate payments made on that instrument.

‘Open Banking’ The Payment Services Directive (PSD2) and the Open API standards and data sharing remedy imposed by the UK Competition and Markets Authority following its Retail Banking Market Investigation Order.

‘Operating leverage’ Operating expenses compared to total income less credit impairment charges and other provisions.

‘Operational risk’ The risk of loss to the Barclays Group from inadequate or failed processes or systems, human factors or due to external events (e.g. fraud) where the root cause is not due to credit or market risks.

‘Operational Riskdata eXchange Association (ORX)’ The Operational Riskdata eXchange Association (ORX) is a not-for-profit industry association dedicated to advancing the measurement and management of operational risk in the global financial services industry. Barclays is a member of ORX.

‘Origination led’ Focus on high-margin, low-capital fee-based activities and related hedging opportunities.

‘O-SII Buffer’ CET1 capital required to be held under CRD to ensure that Other Systemically Important Institutions (O-SIIs) build up surplus capital to compensate for the systemic risk that such institutions represent to the financial system. As part of the implementation of CRD V requirements in the UK, the Other Systemically Important Institutions (O-SII) Buffer replaced the CRD IV Systemic Risk Buffer.

‘Other systemically important institutions (O-SII)’ Other systemically important institutions are institutions that are deemed to create risk to financial stability due to their systemic importance.

‘Over-issuance of Securities’ Over-issuance of securities under Barclays Bank PLC’s US shelf registration statements on Form F-3 filed with the US Securities and Exchange Commission in 2018 and 2019.

‘Over-the-counter (OTC) derivatives’ Derivative contracts that are traded (and privately negotiated) directly between two parties. They offer flexibility because, unlike standardised exchange-traded products, they can be tailored to fit specific needs.

‘Overall capital requirement’ The overall capital requirement is the sum of capital required to meet the total of a Pillar 1 requirement, a Pillar 2A requirement, a Global Systemically Important Institution (G-SII) buffer, a Capital Conservation Buffer (CCB) and a Countercyclical Capital Buffer (CCyB).

‘Own credit’ The effect of changes in the Barclays Group’s own credit standing on the fair value of financial liabilities.

‘Owner occupied mortgage’ A mortgage where the intention of the customer was to occupy the property at origination.

‘Own funds’ The sum of Tier 1 and Tier 2 capital.

‘Own funds and eligible liabilities ratio’ A risk-based ratio representing the own funds and eligible liabilities of the institution expressed as a percentage of total RWAs.


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Glossary of terms

'Partner profit share' Payments made to partners based on the financial performance of the credit card portfolios.

‘Past due items’ Refers to loans where the borrower has failed to make a payment when due under the terms of the loan contract.

‘Payment Protection Insurance (PPI) redress’ Provision for the settlement of PPI mis-selling claims and related claims management costs.

‘Period end allocated tangible equity’ Allocated tangible equity is calculated as 13.5% (2023: 13.5%) of RWAs for each business, adjusted for capital deductions, excluding goodwill and intangible assets, reflecting assumptions the Barclays Group uses for capital planning purposes. Head Office allocated tangible equity represents the difference between the Barclays Group’s tangible shareholders’ equity and the amounts allocated to businesses.

‘Period end tangible shareholder’s equity’ Shareholders' equity attributable to ordinary shareholders of the parent, adjusted for the deduction of intangible assets and goodwill.

‘Pension Risk’ The risk of the Barclays Group’s earnings and capital being adversely impacted by the Barclays Group’s defined benefit obligations increasing or the value of the assets backing these defined benefit obligations decreasing due to changes in both the level and volatility of prices.

‘Performance costs’ The accounting charge recognised in the period for performance awards. For deferred incentives and long-term incentives, the accounting charge is spread over the relevant periods in which the employee delivers service.

‘Personal Banking’ One of three segments within Barclays UK. The business within the UK that offers retail solutions to help customers with their day-to-day banking needs.

‘Pillar 1 requirements’ The minimum regulatory capital requirements to meet the sum of credit (including counterparty credit), market risk and operational risk.

‘Pillar 2A requirements’ The additional regulatory capital requirement to meet risks not captured under Pillar 1 requirements. These requirements are the outcome of the bank’s Internal Capital Adequacy Assessment Process (ICAAP) and the complementary supervisory review and evaluation carried out by the regulator.

‘Post-Model Adjustment (PMA)’ In the context of Basel models, a PMA is a short-term increase in regulatory capital applied at portfolio level to account for model input data deficiencies, inadequate model performance or changes to regulatory definitions (e.g. definition of default) to ensure the model output is accurate, complete and appropriate.

‘Potential Future Exposure (PFE) on derivatives’ A regulatory calculation in respect of the Barclays Group’s potential future credit exposure on both exchange traded and OTC derivatives, calculated by assigning a standardised percentage (based on the underlying risk category and residual trade maturity) to the gross notional value of each contract.

‘PRA waivers’ PRA approvals which modify or waive existing rules. Waivers are specific to an organisation and require applications being submitted to and approved by the PRA.

‘Primary securitisations’ The issuance of securities (bonds and commercial papers) for fund-raising.

‘Primary Stress Tests’ In the context of Traded Market Risk, Stress Testing provides an estimate of potentially significant future losses that might arise from extreme market moves or scenarios. Primary Stress Tests apply stress moves to key liquidity risk factors for each of the major trading asset classes.

‘Prime Services’ Involves financing of fixed income and equity positions using Repo and stock lending facilities. The Prime Services business also provides brokerage facilitation services for hedge fund clients offering execution and clearance facilities for a variety of asset classes.

‘Principal’ In the context of a loan, the amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest).

‘Private equity investments’ Investments in equity securities in operating companies not quoted on a public exchange. Investment in private equity often involves the investment of capital in private companies or the acquisition of a public company that results in the delisting of public equity. Capital for private equity investment is raised by retail or institutional investors and used to fund investment strategies such as leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital.

‘Principal Risks’ The principal risks affecting the Barclays Group, as described in the Risk Review section of the Barclays PLC Annual Report.


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‘Pro-cyclicality’ Movements in financial variables (including capital requirements) following natural fluctuations in the economic cycle, where the subsequent impact on lending or other market behaviours acts as an amplification of the economic cycle by the financial sector.

‘Probability of Default (PD)’ The likelihood that a loan will not be repaid and will fall into default. PD may be calculated for each client who has a loan (normally applicable to wholesale customers/clients) or for a portfolio of clients with similar attributes (normally applicable to retail customers). To calculate PD, Barclays assesses the credit quality of borrowers and other counterparties and assigns them an internal risk rating. Multiple rating methodologies may be used to inform the rating decision on individual large credits, such as internal and external models, rating agency ratings, and for wholesale assets, market information such as credit spreads. For smaller credits, a single source may suffice such as the result from an internal rating model.

‘Product structural hedge’ An interest rate hedge put in place to reduce earnings volatility on product balances with instant access (such as non-interest bearing current accounts and managed rate deposits) and to smoothen the income over a medium/long term.

‘Profit before impairment’ Calculated by excluding credit impairment charges or releases from profit before tax.

‘Properties in Possession held as ‘Loans and Advances to Customers’’ Properties in the UK and Italy where the customer continues to retain legal title but where the bank has enforced the possession order as part of the foreclosure process to allow for the disposal of the asset or the court has ordered the auction of the property.

‘Properties in Possession held as ‘Other Real Estate Owned’’ Properties in South Africa where the bank has taken legal ownership of the title as a result of purchase at an auction or similar and treated as ‘Other Real Estate Owned’ within other assets on the bank’s balance sheet.

‘Proprietary trading’ When a bank, brokerage or other financial institution trades on its own account, at its own risk, rather than on behalf of customers, so as to make a profit for itself.

‘Prudential Regulation Authority (PRA)’ The PRA is part of the BoE and regulates and supervises banks, building societies, insurers and a small number of significant investment banks in the UK.

‘Prudential Valuation Adjustment (PVA)’ A calculation which adjusts the accounting values of positions held on the balance sheet at fair value to comply with regulatory valuation standards, which place greater emphasis on the inherent uncertainty around the value at which a trading book position could be exited.

‘Public benchmark’ Unsecured medium-term notes issued in public syndicated transactions.

‘Qualifying central bank claims’ An amount calculated in line with the PRA policy statement allowing banks to exclude claims on the central bank from the calculation of the leverage exposure measure, as long as these are matched by liabilities denominated in the same currency and of identical or longer maturity. Prior to 1 January 2022, banks were only permitted to exclude claims on the central bank which were matched by deposits (rather than liabilities).

‘Qualifying Revolving Retail Exposure (QRRE)’ In the context of the IRB approach to credit risk RWA calculations, an exposure meeting the criteria set out in Article 154.4 of UK CRR and EU CRR (as applicable). It includes most types of credit card exposure.

‘Rates’ In the context of IB income analysis, trading revenue relating to government bonds and interest rate derivatives.

‘Re-aging’ The returning of a delinquent account to up-to-date status without collecting the full arrears (principal, interest and fees).

‘Real Estate Mortgage Investment Conduits (REMICs)’ An entity that holds a fixed pool of mortgages and that is separated into multiple classes of interests for issuance to investors.

‘Recovery book’ Represents the total amount of exposure which has been transferred to recovery units who set and implement strategies to recover the Barclays Group’s exposure.

‘Recovery book Impairment Coverage Ratio’ Impairment allowance held against recoveries balances expressed as a percentage of balance in recoveries.

‘Recovery book proportion of outstanding balances’ Represents the amount of recoveries (gross month-end customer balances of all accounts that have charged-off) as at the period end compared to total outstanding balances. The size of the recovery book would ultimately have an impact on the overall impairment requirement on the portfolio. Balances in recovery will decrease if assets are written-off, amounts are collected, or assets are sold to a third party (i.e. debt sale).

‘Regulatory capital’ The amount of capital that a bank holds to satisfy regulatory requirements.


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Glossary of terms

‘Renegotiated loans’ Loans are generally renegotiated either as part of an ongoing customer relationship or in response to an adverse change in the circumstances of the borrower. In the latter case, renegotiation can result in an extension of the due date of payment or repayment plans under which the Barclays Group offers a concessionary rate of interest to genuinely distressed borrowers. This will result in the asset continuing to be overdue, and individually impaired if the renegotiated payments of interest and principal will not recover the original carrying amount of the asset. In other cases, renegotiation will lead to a new agreement, which is treated as a new loan.

‘Repurchase agreement (Repo)’ or ‘Reverse repurchase agreement (Reverse repo)’ Arrangements that allow counterparties to use financial securities as collateral for an interest bearing cash loan. The borrower agrees to sell a security to the lender subject to a commitment to repurchase the asset at a specified price on a given date. For the party selling the security (and agreeing to repurchase it in the future), it is a Repurchase agreement or Repo; for the counterparty to the transaction (buying the security and agreeing to sell in the future), it is a Reverse repurchase agreement or Reverse repo.

‘Reputation risk’ The risk that an action, transaction, investment or event will reduce trust in the Barclays Group’s integrity and competence by clients, counterparties, investors, regulators, employees or the public.

‘Residential Mortgage-Backed Securities (RMBS)’ Securities that represent interests in a group of residential mortgages. Investors in these securities have the right to cash received from future mortgage payments (interest and/or principal).

‘Residual maturity’ The remaining contractual term of a credit obligation associated with a credit exposure.

‘Restructured loans’ Comprises loans where, for economic or legal reasons related to the debtor’s financial difficulties, a concession has been granted to the debtor that would not otherwise be considered. Where the concession results in the expected cash flows discounted at the original effective interest rate being less than the loan’s carrying value, an impairment allowance will be raised.

‘Retail Loans’ Loans to individuals or small and medium sized enterprises rather than to financial institutions and larger businesses. It includes both secured and unsecured loans such as mortgages and credit card balances, as well as loans to certain smaller business customers, typically with exposures up to £3 million or with an annual turnover of up to £5 million.

‘Return on average Risk Weighted Assets (RoRWA)’ Statutory profit after tax as a proportion of average RWAs.

‘Return on average tangible shareholders’ equity (RoTE)’ (for Barclays Group) Annualised Group attributable profit, as a proportion of average shareholders’ tangible equity.

‘Return on average tangible shareholders’ equity (RoTE)’ (for businesses) Annualised business attributable profit, as a proportion of that business's average allocated tangible equity.

‘Risk appetite’ The level of risk that Barclays is prepared to accept whilst pursuing its business strategy, recognising a range of possible outcomes as business plans are implemented.

‘Risk weighted assets (RWAs) / Risk weighted exposure amounts (RWEAs)’ A measure of a bank’s assets adjusted for their associated risks. Risk weightings are established in accordance with the Basel framework as implemented in local law.

‘Risks not in VaR (RNIVS)’ Refers to all the key market risks which are not captured or not well captured within the VaR model framework.

‘RWA Flow / movements in RWAs’

Book size/Asset size

Credit risk and counterparty risk (including CVA)

This represents RWA movements driven by changes in the size and composition of underlying positions, measured using EAD values for existing portfolios over the period. This includes, but is not exclusive to:

–new business and maturing loans

–changes in product mix and exposure growth for existing portfolios

–book size reductions owing to risk mitigation and write-offs.

Market risk

This represents RWA movements owing to the changes in risk level i.e. trading positions and volumes driven by business activity.


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Glossary of terms

Book quality/Asset quality

Credit risk and counterparty risk (including CVA)

This represents RWA movements driven by changes in the underlying credit quality and recoverability of portfolios and reflected through model calibrations or realignments where applicable. This includes, but is not exclusive to:

–PD migration and LGD changes driven by economic conditions

–ratings migration for standardised exposures

Market risk

This is the movement in RWAs owing to changing risk levels in the trading book caused by fluctuations in market conditions.

Model updates

Credit risk and counterparty risk (including CVA)

This is the movement in RWAs as a result of both internal and external model updates. This includes, but is not exclusive to:

–updates to existing model inputs driven by both internal and external review

–model enhancements to improve models performance

Market risk

This is the movement in RWAs reflecting change in model scope, changes to market data levels, volatilities, correlations, liquidity and ratings used as input for the internal modelled RWA calculations.

Methodology and policy

Credit risk and counterparty risk (including CVA)

This is the movement in RWAs as a result of both internal and external methodology, policy and regulatory changes. This includes, but is not exclusive to:

–updates to RWA calculation methodology, communicated by the regulator

–the implementation of credit risk mitigation to a wider scope of portfolios

Market risk

This is the movement in RWAs as a result of both internal and external methodology, policy and regulatory changes for market risk.

Acquisitions and disposals

This is the movement in RWAs as a result of the disposal or acquisition of business operations impacting the size of banking and trading portfolios.

Foreign exchange movements

This is the movement in RWAs as a result of changes in the exchange rate between the functional currency of the Barclays business area or portfolio and our presentational currency for consolidated reporting. It should be noted that foreign exchange movements shown in RWA flow or movements in RWAs tables do not include the impact of foreign exchange for the counterparty credit risk or market risk RWAs.

Other

This is the movement in RWAs driven by items that cannot be reasonably assigned to the other driver categories. In relation to market risk RWAs, this includes changes in measurement that are not driven by methodology, policy or model updates.

‘Sarbanes-Oxley requirements’ The Sarbanes-Oxley Act 2002 (SOX), which was introduced by the US Government to safeguard against corporate governance scandals.


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Glossary of terms

‘Second Lien’ Debt that is issued against the same collateral as higher lien debt but that is subordinate to such higher lien debt. In the case of default, compensation for this debt will only be received after the first lien has been repaid and thus represents a riskier investment than the first lien.

‘Secondary Stress Tests’ Secondary stress tests are used in measuring potential losses arising from illiquid market risks that cannot be hedged or reduced within the time period covered in Primary Stress Tests.

‘Secured Overnight Financing Rate (SOFR)’ A broad measure of the cost of borrowing cash overnight collateralised by US Treasury securities in the repurchase agreement (Repo) market.

‘Securities Financing Transactions (SFT)’ In the context of RWAs, any of the following transactions: a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction whereby cash collateral is received or paid in respect of the transfer of a related asset.

‘Securities Financing Transactions adjustments’ In the context of leverage ratio, a regulatory add-on calculated as exposure less collateral, taking into account master netting agreements.

‘Securities lending arrangements’ Arrangements whereby securities are legally transferred to a third party subject to an agreement to return them at a future date. The counterparty generally provides collateral against non-performance in the form of cash or other assets.

‘Securitisation’ Typically, a process by which debt instruments, such as mortgage loans or credit card balances, are aggregated into a pool, which is used to back new securities. A company sells these pools of assets to a special purpose vehicle (SPV) which then issues securities backed by the assets. This allows the credit quality of the assets to be separated from the credit rating of the original borrower.

‘Set-off clauses’ In the context of counterparty credit risk, contract clauses that allow Barclays to set off amounts owed to us by a counterparty against amounts owed by us to the counterparty.

‘Settlement balances’ Receivables or payables recorded between the date (the trade date) a financial instrument (such as a bond) is sold, purchased or otherwise closed out, and the date the asset is delivered by or to the entity (the settlement date) and cash is received or paid.

‘Settlement Netting’ Netting approach used in the calculation of the leverage exposure measure whereby firms may calculate their exposure value of regular way purchases and sales awaiting settlement.

‘Settlement risk’ The risk that settlement in a transfer system will not take place as expected, usually owing to a party defaulting on one or more settlement obligations.

‘Significant Increase in Credit Risk (SICR)’ Barclays assesses when a significant increase in credit risk has occurred based on quantitative and qualitative assessments.

‘Slotting’ Slotting is internal Barclays terminology for what is known as “Specialised Lending” in the IRB approach. A standard set of rules is required to be used in credit risk RWA calculations, based upon an assessment of factors such as the financial strength of the counterparty. The requirements for the application of the Specialised Lending approach are detailed in Article 153.5 of UK CRR and EU CRR (as applicable).

‘Small and Medium-Sized Enterprises (SME)’ An enterprise which employs fewer than 250 persons and which has an annual turnover which does not exceed EUR 50 million, and / or an annual balance sheet total not exceeding EUR 43 million. Within the SME category, a small enterprise is defined as an enterprise which employs fewer than 50 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 10 million. This is defined in accordance with Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium sized enterprises.

‘Software intangibles benefit’ A benefit introduced as part of the EU response package to the COVID-19 pandemic and subsequently reversed in the UK . Since 1 January 2022, software assets are fully deducted from CET 1 capital.

‘Sovereign exposure(s)’ Exposures to central governments, including holdings in government bonds and local government bonds.

‘Special purpose entity’ A subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.

‘Specific market risk’ A risk that is due to the individual nature of an asset and can potentially be diversified or the risk of a price change in an investment due to factors related to the issuer or, in the case of a derivative, the issuer of the underlying investment.

‘Spread risk’ Measures the impact of changes to the swap spread, i.e. the difference between swap rates and government bond yields.


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Glossary of terms

‘Stage 1’ This represents financial instruments where the credit risk of the financial instrument has not increased significantly since initial recognition. Stage 1 financial instruments are required to recognise a 12 month expected credit loss allowance.

‘Stage 2’ This represents financial instruments where the credit risk of the financial instrument has increased significantly since initial recognition. Stage 2 financial instruments are required to recognise a lifetime expected credit loss allowance.

‘Stage 3’ This represents financial instruments where the financial instrument is considered impaired. Stage 3 financial instruments are required to recognise a lifetime expected credit loss allowance.

‘Standard & Poor’s’ A credit rating agency, including S&P Global Inc. and its affiliated entities.

‘Standardised Approach (SEC-SA)’ This is a method to calculate risk-weighted exposure amounts for securitisation positions. Under this method, an institution must be able to calculate regulatory capital requirements per standardised approach for underlying exposures in the securitisation as if these had not been securitised (‘KSA’), subject to certain other inputs and criteria.

‘Standby facilities, credit lines and other commitments’ Agreements to lend to a customer in the future, subject to certain conditions. Such commitments are either made for a fixed period, or have no specific maturity but are cancellable by the lender subject to notice requirements.

‘Statutory’ Line items of income, expense, profit or loss, assets, liabilities or equity stated in accordance with the requirements of the UK Companies Act 2006 and the requirements of IFRS.

‘Statutory return on average shareholders’ equity’ Statutory profit after tax attributable to ordinary shareholders as a proportion of average shareholders’ equity.

‘STD’ / ‘Standardised Approach’ A method of calculating RWAs that relies on a mandatory framework set by the regulator to derive risk weights based on counterparty type and a credit rating provided by an External Credit Assessment Institute.

‘Sterling Over Night Index Average (SONIA)’ Reflects bank and building societies’ wholesale overnight funding rates in the sterling unsecured market administrated and calculated by the BoE.

‘Stress Testing’ A process which involves identifying possible future adverse events or changes in economic conditions that could have unfavourable effects on the Barclays Group (either financial or non-financial), assessing the Barclays Group’s ability to withstand such changes, and identifying management actions to mitigate the impact.

‘Stressed Value at Risk (SVaR)’ An estimate of the potential loss arising from a 12-month period of significant financial stress calibrated to 99% confidence level over a 10-day holding period.

‘Structural cost actions (SCA)’ Cost actions taken to improve future financial performance.

‘Structural FX’ Foreign currency positions taken to hedge against the adverse effect of exchange rates on capital ratios. Under Article 352(2) of UK CRR the PRA may permit banks to exclude such Structural FX positions from the calculation of its market risk RWAs. On 15 December 2021 the PRA issued Barclays this permission, taking effect from 31 December 2021. Any FX positions that are in excess of what is required to hedge the adverse effects of exchange rates on the bank’s capital ratio are not in scope of this exemption and will therefore be captured under the standardised market risk approach.

‘Structural hedge’ or ‘hedging’ An interest rate hedge in place to reduce earnings volatility and to smooth the income over a medium/long term on positions that exist within the balance sheet and do not re-price in line with market rates. See also ‘Equity structural hedge’ and ‘Product structural hedge’.

‘Structural model of default’ A model based on the assumption that an obligor will default when its assets are insufficient to cover its liabilities.

‘Structured credit’ Includes the legacy structured credit portfolio primarily comprising derivative exposures and financing exposures to structured credit vehicles.

‘Structured entity’ An entity in which voting or similar rights are not the dominant factor in deciding control. Structured entities are generally created to achieve a narrow and well defined objective with restrictions around their ongoing activities.

‘Structured finance or structured notes’ A structured note is an investment tool that pays a return linked to the value or level of a specified asset or index and sometimes offers capital protection if the value declines. Structured notes can be linked to equities, interest rates, funds, commodities and foreign currency.

‘Sub-prime’ Sub-prime is defined as loans to borrowers typically having weakened credit histories that include payment delinquencies and potentially more severe problems such as court judgments and bankruptcies. They may also display reduced repayment capacity as measured by credit scores, high debt-to-income ratios, or other criteria indicating heightened risk of default.


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Glossary of terms

‘Subordinated liabilities’ Liabilities which, in the event of insolvency or liquidation of the issuer, are subordinated to the claims of depositors and other creditors of the issuer.

‘Supranational bonds’ Bonds issued by an international organisation, where membership transcends national boundaries (e.g. the European Union or World Trade Organisation).

‘Synthetic Securitisation Transactions’ Securitisation transactions effected through the use of derivatives.

‘Tangible Net Asset Value (TNAV)’ Shareholders’ equity excluding non-controlling interests adjusted for the deduction of intangible assets and goodwill.

‘Tangible Net Asset Value per share’ Calculated by dividing shareholders’ equity, excluding non-controlling interests and other equity instruments, less goodwill and intangible assets, by the number of issued ordinary shares.

‘Tangible shareholders’ equity’ Shareholders’ equity excluding non-controlling interests and other equity instruments adjusted for the deduction of intangible assets and goodwill.

‘Term premium’ Additional interest required by investors to hold assets with a longer period to maturity.

‘The Fundamental Review of the Trading Book (FRTB)’ A comprehensive suite of capital rules developed by the Basel Committee on Banking Supervision as part of Basel III and applicable to banks’ wholesale trading activities.

‘The Standardised Approach (TSA)’ An approach used to quantify required capital for operational risk. Under TSA, banks are required to hold regulatory capital for operational risk equal to the annual average, calculated over a rolling three-year period, of the relevant income indicator (across all business lines), multiplied by a supervisory defined percentage factor by business lines.

‘The three lines of defence’ The three lines of defence operating model enables Barclays to separate risk management activities between those client facing areas of the Barclays Group and associated support functions responsible for identifying risk, operating within applicable limits and escalating risk events (first line); colleagues in Risk and Compliance who establish the limits, rules and constraints under which the first line operates and monitor their performance against those limits and constraints (second line); and, colleagues in Internal Audit who provide assurance to the Board and Executive Management over the effectiveness of governance, risk management and control over risks (third line). The Legal function does not sit in any of the three lines, but supports them all. The Legal function is, however, subject to oversight from Risk and Compliance with respect to its own Operational and Compliance Risks, as well as with respect to the Legal Risk to which Barclays is exposed.

‘Through-the-cycle’ A long-run average through a full economic cycle.

‘Tier 1 capital’ The sum of the Common Equity Tier 1 (CET1) capital and Additional Tier 1 (AT1) capital.

‘Tier 1 capital ratio’ The ratio which expresses Tier 1 capital as a percentage of RWAs under UK CRR or EU CRR (as applicable).

‘Tier 2 (T2) capital’ A type of capital as defined in UK CRR or EU CRR (as applicable) principally composed of capital instruments, subordinated loans and share premium accounts where qualifying conditions have been met.

‘Tier 2 (T2) securities’ Securities that are treated as Tier 2 (T2) capital.

‘Total balances on forbearance programmes coverage ratio’ Impairment allowance held against forbearance balances expressed as a percentage of balance in forbearance.

‘Total capital ratio’ Total regulatory capital as a percentage of RWAs.

‘Total Loss Absorbing Capacity (TLAC)’ A standard published by the FSB which is applicable to G-SIBs and requires a G-SIB to hold a prescriptive minimum level of instruments and liabilities that should be readily available for bail-in within resolution to absorb losses and recapitalise the institution. See also ‘Minimum requirement for own funds and eligible liabilities (MREL)’.

‘Total outstanding balance’ In retail banking, total outstanding balance is defined as the gross month-end customer balances on all accounts, including accounts charged off to recoveries.

‘Total return swap’ An instrument whereby the seller of protection receives the full return of the asset, including both the income and change in the capital value of the asset. The buyer of the protection in return receives a predetermined amount.

‘Traded Market Risk’ The risk of a reduction to earnings or capital due to volatility of trading book positions.


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Glossary of terms

‘Trading book’ All positions in financial instruments and commodities held by an institution either with trading intent, or in order to hedge positions held with trading intent.

‘Traditional Securitisation Transactions’ Securitisation transactions in which an underlying pool of assets generates cash flows to service payments to investors.

‘Transitional’ When a measure is presented or described as being on a transitional basis, it is calculated in accordance with the transitional provisions set out in UK CRR or EU CRR (as applicable).

‘Treasury and Capital Risk’ This comprises of Liquidity Risk, Capital Risk and Interest Rate Risk in the banking book.

‘Twelve month expected credit losses’ The portion of the lifetime ECL arising if default occurs within 12 months of the reporting date (or shorter period if the expected life is less than 12 months), weighted by the probability of said default occurring.

‘Twelve month PD’ The likelihood of accounts entering default within 12 months of the reporting date.

‘Unencumbered’ Assets not used to secure liabilities or not otherwise pledged.

‘United Kingdom (UK)’ Geographic segment where Barclays operates comprising the UK.

‘UK bank levy’ A levy that applies to UK banks, building societies and the UK operations of foreign banks. The levy is payable based on a portion of the UK chargeable equity and liabilities of the bank on its balance sheet date.

‘UK CRR’ Regulation (EU) No 575/2013, as amended, as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. UK CRR prescribes prudential requirements, including minimum capital requirements, for UK banks and certain other entities.

‘UK leverage exposure’ Calculated as per the PRA rulebook, where the exposure calculation also includes the FPC’s recommendation to allow banks to exclude claims on the central bank from the calculation of the leverage exposure measure, as long as these are matched by liabilities denominated in the same currency and of identical or longer maturity. Prior to 1 January 2022, banks were only permitted to exclude claims on the central bank which were matched by deposits (rather than liabilities).

‘UK leverage ratio’ As per the PRA rulebook, means a bank’s Tier 1 capital divided by its total exposure measure, with this ratio expressed as a percentage. From 1 January 2022, UK banks are subject to a single UK leverage ratio requirement.

‘UK regulatory levies’ comprises the BoE levy scheme and the UK bank levy.

‘Unfunded credit protection’ A technique of credit risk mitigation where the reduction of the credit risk on the exposure of an institution derives from the obligation of a third party to pay an amount in the event of the default of the borrower or the occurrence of other specified credit events.

‘US Partner Portfolio’ Barclays co-branded credit card programmes with companies across various sectors including but not limited to travel, entertainment and retail.

‘US Residential Mortgage-Backed Securities’ Securities that represent interests in a group of US residential mortgages.

‘Valuation weighted Loan to Value (LTV) ratio’ In the context of credit risk disclosures on secured home loans, a means of calculating marked to market LTVs derived by comparing total outstanding balance and the value of total collateral we hold against these balances. Valuation weighted Loan to Value ratio is calculated using the following formula: LTV = total outstandings in portfolio/total property values of total outstandings in portfolio.

‘Value at Risk (VaR)’ A measure of the potential loss of value arising from unfavourable market movements at a specific confidence level and within a specific timeframe.

‘Weighted off balance sheet commitments’ Regulatory add-ons to the leverage exposure measure based on credit conversion factors used in the Standardised Approach to credit risk.

‘Wholesale loans’ or ‘wholesale lending’ Lending to larger businesses, financial institutions and sovereign entities.

‘WM&I’ The Wealth Management & Investments business, which was transferred from Barclays UK to PBWM on 1 May 2023.

‘Working Group on Sterling Risk-Free Reference Rates (RFRWG)’ A group mandated with catalysing a broad-based transition to using ‘Sterling Overnight Index Average (SONIA)’ as the primary sterling interest rate benchmark in bond, loan and derivatives markets.


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Glossary of terms

‘Write-off (gross)’ The point where it is determined that an asset is irrecoverable, or it is no longer considered economically viable to try to recover the asset or it is deemed immaterial or full and final settlement is reached and the shortfall written off. In the event of write-off, the customer balance is removed from the balance sheet and the impairment allowance held against the asset is released. Net write-offs represent gross write-offs less post write-off recoveries.

‘Wrong-way risk’ Arises in a trading exposure when there is significant correlation between the underlying asset and the counterparty, which in an event of default would lead to a significant mark to market loss. When assessing the credit exposure of a wrong-way trade, analysts take into account the correlation between the counterparty and the underlying asset as part of the sanctioning process.


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