《巴克莱集团（Barclays）2023年半年度报告（英文版）（98页）.pdf》由会员分享，可在线阅读，更多相关《巴克莱集团（Barclays）2023年半年度报告（英文版）（98页）.pdf（98页珍藏版）》请在三个皮匠报告上搜索。

1、Barclays PLCInterim Results Announcement30June 2023Results AnnouncementPageNotes1Performance Highlights2Group Finance Directors Review6Results by Business Barclays UK8 Barclays International11 Head Office16Quarterly Results Summary17Quarterly Results by Business18Performance Management Margins and B

2、alances24Risk Management Risk Management and Principal Risks25 Credit Risk26 Market Risk48 Treasury and Capital Risk49Statement of Directors Responsibilities59Independent Review Report to Barclays PLC60Condensed Consolidated Financial Statements62Financial Statement Notes68Appendix:Non-IFRS Performa

3、nce Measures89Shareholder Information96BARCLAYS PLC,1 CHURCHILL PLACE,LONDON,E14 5HP,UNITED KINGDOM.TELEPHONE:+44(0)20 7116 1000.COMPANY NO.48839.Table of ContentsBarclays PLCThe terms Barclays and Group refer to Barclays PLC together with its subsidiaries.Unless otherwise stated,the income statemen

4、t analysis compares the six months ended 30 June 2023 to the corresponding six months of 2022 and balance sheet analysis as at 30 June 2023 with comparatives relating to 31 December 2022 and 30 June 2022.The abbreviations m and bn represent millions and thousands of millions of Pounds Sterling respe

5、ctively;the abbreviations$m and$bn represent millions and thousands of millions of US Dollars respectively;and the abbreviations m and bn represent millions and thousands of millions of Euros respectively.There are a number of key judgement areas,for example impairment calculations,which are based o

6、n models and which are subject to ongoing adjustment and modifications.Reported numbers reflect best estimates and judgements at the given point in time.Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting Standar

7、ds(IFRS)are explained in the results glossary,which can be accessed at home.barclays/investor-relations.The information in this announcement,which was approved by the Board of Directors on 26 July 2023,does not comprise statutory accounts within the meaning of Section 434 of the Companies Act 2006.S

8、tatutory accounts for the year ended 31 December 2022,which contained an unmodified audit report under Section 495 of the Companies Act 2006(which did not make any statements under Section 498 of the Companies Act 2006)will be delivered to the Registrar of Companies in accordance with Section 441 of

9、 the Companies Act 2006.These results will be furnished on Form 6-K with the US Securities and Exchange Commission(SEC)as soon as practicable following their publication.Once furnished with the SEC,a copy of the Form 6-K will be available from the SECs website at www.sec.gov.Barclays is a frequent i

10、ssuer in the debt capital markets and regularly meets with investors via formal road-shows and other ad hoc meetings.Consistent with its usual practice,Barclays expects that from time to time over the coming quarter it will meet with investors globally to discuss these results and other matters rela

11、ting to the Group.Non-IFRS performance measuresBarclays 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 busines

12、ses 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 targe

13、ts are defined and performance is monitored by Barclays 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.Refer to the appendix on pages 89 to 95 for further information and calculations

14、of non-IFRS performance measures included throughout this document,and the most directly comparable IFRS measures.Forward-looking statementsThis document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934,as amended,and Section 27A

15、 of the US Securities Act of 1933,as amended,with respect to the Group.Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the for

16、ward-looking statements.Forward-looking statements can be identified by the fact that they do not relate only to historical or current facts.Forward-looking statements sometimes use words such as may,will,seek,continue,aim,anticipate,target,projected,expect,estimate,intend,plan,goal,believe,achieve

17、or other words of similar meaning.Forward-looking statements can be made in writing but also may be made verbally by directors,officers and employees of the Group(including during management presentations)in connection with this document.Examples of forward-looking statements include,among others,st

18、atements or guidance regarding or relating to the Groups future financial position,income levels,costs,assets and liabilities,impairment charges,provisions,capital,leverage and other regulatory ratios,capital distributions(including dividend policy and share buybacks),return on tangible equity,proje

19、cted levels of growth in banking and financial markets,industry trends,any commitments and targets(including environmental,social and governance(ESG)commitments and targets),business strategy,plans and objectives for future operations and other statements that are not historical or current facts.By

20、their nature,forward-looking statements involve risk and uncertainty because they relate to future events and circumstances.Forward-looking statements speak only as at the date on which they are made.Forward-looking statements may be affected by a number of factors,including,without limitation:chang

21、es in legislation,regulation and the interpretation thereof,changes in IFRS and other accounting standards,including practices with regard to the interpretation and application thereof and emerging and developing ESG reporting standards;the outcome of current and future legal proceedings and regulat

22、ory investigations;the policies and actions of governmental and regulatory authorities;the Groups ability along with governments and other stakeholders to measure,manage and mitigate the impacts of climate change effectively;environmental,social and geopolitical risks and incidents and similar event

23、s beyond the Groups control;the impact of competition;capital,leverage and other regulatory rules applicable to past,current and future periods;UK,US,Eurozone and global macroeconomic and business conditions,including inflation;volatility in credit and capital markets;market related risks such as ch

24、anges in interest rates and foreign exchange rates;higher or lower asset valuations;changes in credit ratings of any entity within the Group or any securities issued by it;changes in counterparty risk;changes in consumer behaviour;the direct and indirect consequences of the Russia-Ukraine war on Eur

25、opean and global macroeconomic conditions,political stability and financial markets;direct and indirect impacts of the coronavirus(COVID-19)pandemic;instability as a result of the UKs exit from the European Union(EU),the effects of the EU-UK Trade and Cooperation Agreement and any disruption that ma

26、y subsequently result in the UK and globally;the risk of cyber-attacks,information or security breaches or technology failures on the Groups reputation,business or operations;the Groups ability to access funding;and the success of acquisitions,disposals and other strategic transactions.A number of t

27、hese factors are beyond the Groups control.As a result,the Groups actual financial position,results,financial and non-financial metrics or performance measures or its ability to meet commitments and targets may differ materially from the statements or guidance set forth in the Groups forward-looking

28、 statements.Additional risks and factors which may impact the Groups future financial condition and performance are identified in Barclays PLCs filings with the SEC(including,without limitation,Barclays PLCs Annual Report on Form 20-F for the financial year ended 31 December 2022),which are availabl

29、e on the SECs website at www.sec.gov.Subject to Barclays PLCs obligations under the applicable laws and regulations of any relevant jurisdiction(including,without limitation,the UK and the US)in relation to disclosure and ongoing information,we undertake no obligation to update publicly or revise an

30、y forward-looking statements,whether as a result of new information,future events or otherwise.NotesBarclays PLC1Barclays delivered return on tangible equity(RoTE)of 11.4%in Q223 and 13.2%in H123,with a half year dividend of 2.7p per share and intends to initiate a share buyback of up to 750mC.S.Ven

31、katakrishnan,Group Chief Executive,commented“We have positioned Barclays carefully for this mixed macroeconomic environment and delivered a consistent performance in the second quarter.Through our diverse sources of income,prudent risk management,and ongoing cost discipline we have again demonstrate

32、d the stability and strength of the franchise we have built over many years.This means we are able to distribute increased capital returns to shareholders,while providing targeted support to our customers and clients.Looking forward we are very confident of meeting our targets for the full year.”Q22

33、3 RoTE of 11.4%and H123 of 13.2%,with double-digit RoTE across all operating divisions in both periodsAnnounced H123 dividend of 2.7p per share and a share buyback of up to 750mStrong balance sheet with Common Equity Tier 1(CET1)ratio of 13.8%and Liquidity Coverage Ratio(LCR)of 158%Key financial met

34、rics:IncomeCost:income ratioLLRProfit before taxAttributable profitRoTEEPSTNAV per shareCET1 ratioTotal capital return1Q2236.3bn63%37bps2.0bn1.3bn11.4%8.6p291p13.8%c.7.5pH12313.5bn60%44bps4.6bn3.1bn13.2%19.9pQ223 Performance highlights:Group RoTE of 11.4%with profit before tax increased to 2.0bn(Q22

35、2:1.5bn).The prior year includes impacts from the Over-issuance of Securities2;0.8bn income gain and 1.1bn litigation and conduct charges.Excluding these impacts:Group income,up 6%year-on-year to 6.3bn,reflects diverse sources of income across Barclays:Barclays UK income increased 14%to 2.0bn,primar

36、ily driven by net interest income growth from higher rates,including continued structural hedge income,partially offset by product dynamics in deposits and mortgagesCorporate and Investment Bank(CIB)income decreased 3%to 3.2bn,reflecting lower client activity in Global Markets and Investment Banking

37、 fees,more than offsetting a strong performance in Transaction Banking from higher rates Consumer,Cards and Payments(CC&P)increased 18%to 1.3bn reflecting higher balances in US cards(including the Gap portfolio3),growth in client assets and liabilities,and higher rates in Private BankGroup total ope

38、rating expenses were 4.0bn,up 2%year-on-year,as inflation and business growth were partially offset by efficiency savings and lower litigation and conduct chargesCost:income ratio was 63%as the Group delivered positive cost:income jawsCredit impairment charges were 0.4bn,with a loss loan rate(LLR)of

39、 37bpsCET1 ratio of 13.8%,based on broadly stable risk weighted assets(RWAs)of 336.9bn,and tangible net asset value(TNAV)per share of 291pH123 Performance highlights:Group RoTE was 13.2%,well positioned to achieve our greater than 10%target for 2023Excluding the impact of Over-issuance of Securities

40、 in the prior year4:Group income of 13.5bn,up 9%year-on-yearGroup total operating expenses were 8.1bn,up 5%year-on-year.Cost:income ratio of 60%,consistent with full year guidance of low 60s in 2023Credit impairment charges were 0.9bn,reflecting the anticipated normalising of charges,with an LLR of

41、44bps;maintaining expectation of 50-60bps LLR for 2023On a statutory basis:Group income was 13.5bn,up 2%year-on-yearGroup total operating expenses were 8.1bn,down 12%year-on-year1Includes dividend for H123 of 2.7p per share and share buyback announced in relation to H123 of 750m.2Denotes the Over-is

42、suance of Securities under Barclays Bank PLCs US shelf registration statements on Form F-3 filed with the SEC in 2018 and 2019.See page 5 for reconciliation of ex.Over-issuance of Securities performance.3The Gap portfolio refers to the Gap Inc.US credit card portfolio.4H122 impacts from the Over-Iss

43、uance of Securities:0.8bn income gain and 1.5bn litigation and conduct charges.Performance HighlightsBarclays PLC2Group Targets and Outlook:Returns:targeting RoTE of greater than 10%in 2023,consistent with our medium-term target Income:diversified income streams continue to position the Group well f

44、or the current economic and market environment including higher interest rates.In 2023,Barclays UK Net Interest Margin(NIM)is now expected to be less than 3.20%,with a current view of around 3.15%.Guidance remains sensitive to product dynamics including the trajectory of deposit balances and further

45、 macroeconomic developmentsCosts:targeting a cost:income ratio percentage in the low 60s in 2023,investing for growth whilst progressing towards the Groups medium-term target of below 60%Impairment:expect an LLR of 50-60bps in 2023,based on the current macroeconomic outlookCapital:expect to operate

46、within the CET1 ratio medium-term target range of 13-14%Capital returns:capital distribution policy incorporates a progressive ordinary dividend,supplemented with share buybacks as appropriatePerformance HighlightsBarclays PLC3Barclays Group resultsHalf year endedThree months ended30.06.2330.06.2230

47、.06.2330.06.22mm%Changemm%ChangeBarclays UK3,9223,373161,9611,72414Corporate and Investment Bank7,1387,971(10)3,1624,033(22)Consumer,Cards and Payments2,5841,969311,2781,08318Barclays International9,7229,940(2)4,4405,116(13)Head Office(122)(109)(12)(116)(132)12Total income13,52213,20426,2856,708(6)O

48、perating costs(8,030)(7,270)(10)(3,919)(3,682)(6)Litigation and conduct(32)(1,857)98(33)(1,334)98Total operating expenses(8,062)(9,127)12(3,952)(5,016)21Other net(expenses)/income(2)(3)3337(57)Profit before impairment5,4584,074342,3361,69937Credit impairment charges(896)(341)(372)(200)(86)Profit bef

49、ore tax 4,5623,733221,9641,49931Tax charge(914)(823)(11)(353)(209)(69)Profit after tax 3,6482,910251,6111,29025Non-controlling interests(30)(21)(43)(22)(20)(10)Other equity instrument holders(507)(414)(22)(261)(199)(31)Attributable profit3,1112,475261,3281,07124Performance measuresReturn on average

50、tangible shareholders equity13.2%10.1%11.4%8.7%Average tangible shareholders equity(bn)47.248.946.749.0Cost:income ratio60%69%63%75%Loan loss rate(bps)44173720Basic earnings per share19.9p14.8p8.6p6.4pDividend per share2.7p2.25pShare buyback announced(m)750500Total payout equivalent per sharec.7.5pc

51、.5.25pBasic weighted average number of shares(m)15,64516,684(6)15,52316,684(7)Period end number of shares(m)15,55616,531(6)15,55616,531(6)As at 30.06.23As at 31.12.22As at 30.06.22Balance sheet and capital management1bnbnbnLoans and advances at amortised cost401.4398.8395.8Loans and advances at amor

52、tised cost impairment coverage ratio1.4%1.4%1.4%Total assets1,549.71,513.71,589.2Deposits at amortised cost554.7545.8568.7Tangible net asset value per share291p295p297pCommon equity tier 1 ratio13.8%13.9%13.6%Common equity tier 1 capital46.646.946.7Risk weighted assets336.9336.5344.5UK leverage rati

53、o5.1%5.3%5.1%UK leverage exposure1,183.71,130.01,151.2Funding and liquidityGroup liquidity pool(bn)330.7318.0342.5Liquidity coverage ratio158%165%156%Net stable funding ratio2139%137%Loan:deposit ratio72%73%70%1Refer to pages 54 to 58 for further information on how capital,RWAs and leverage are calc

54、ulated.2Represents average of the last four spot quarter end positions.Performance HighlightsBarclays PLC4Reconciliation of financial results excluding the impact of the Over-issuance of Securities in the prior yearThree months ended30.06.2330.06.22StatutoryStatutoryImpact of the Over-issuance of Se

55、curitiesExcluding impact of the Over-issuance of Securitiesmmmm%ChangeBarclays UK1,9611,7241,72414Corporate and Investment Bank3,1624,0337583,275(3)Consumer,Cards and Payments1,2781,0831,08318Barclays International4,4405,1167584,3582Head Office(116)(132)(132)12Total income6,2856,7087585,9506Operatin

56、g costs(3,919)(3,682)(3,682)(6)Litigation and conduct(33)(1,334)(1,149)(185)82Total operating expenses(3,952)(5,016)(1,149)(3,867)(2)Other net income377(57)Profit before impairment2,3361,699(391)2,09012Credit impairment charges(372)(200)(200)(86)Profit before tax1,9641,499(391)1,8904Attributable pro

57、fit1,3281,071(341)1,412(6)Average tangible shareholders equity(bn)46.749.049.0Return on average tangible shareholders equity11.4%8.7%11.5%Half year ended30.06.2330.06.22StatutoryStatutoryImpact of the Over-issuance of SecuritiesExcluding impact of the Over-issuance of Securitiesmmmm%ChangeBarclays U

58、K3,9223,3733,37316Corporate and Investment Bank7,1387,9717587,213(1)Consumer,Cards and Payments 2,5841,9691,96931Barclays International9,7229,9407589,1826Head Office(122)(109)(109)(12)Total income13,52213,20475812,4469Operating costs(8,030)(7,270)(7,270)(10)Litigation and conduct(32)(1,857)(1,469)(3

59、88)92Total operating expenses(8,062)(9,127)(1,469)(7,658)(5)Other net expenses(2)(3)(3)33Profit before impairment 5,4584,074(711)4,78514Credit impairment charges(896)(341)(341)Profit before tax4,5623,733(711)4,4443Attributable profit3,1112,475(581)3,0562Average tangible shareholders equity(bn)47.248

60、.948.9Return on average tangible shareholders equity13.2%10.1%12.5%Performance HighlightsBarclays PLC5H123 Group performanceBarclays delivered a profit before tax of 4,562m(H122:3,733m),RoTE of 13.2%(H122:10.1%)and earnings per share(EPS)of 19.9p(H122:14.8p)The Group has a diverse income profile acr

61、oss businesses and geographies including a significant presence in the US.The appreciation of average USD against GBP positively impacted income and profits and adversely impacted credit impairment charges and total operating expensesGroup income increased 2%to 13,522m primarily from the higher inte

62、rest rate environment,including continued structural hedge income,and the benefit of higher balances in US cards,partially offset by the prior year benefit from hedging arrangements related to the Over-issuance of Securities and lower client activity in Global Markets and Investment Banking feesGrou

63、p total operating expenses decreased to 8,062m(H122:9,127m)Group operating expenses excluding litigation and conduct charges increased to 8,030m(H122:7,270m)reflecting the impact of business growth,including the Gap portfolio acquisition in US cards and the Kensington Mortgage Company(KMC)acquisitio

64、n in Barclays UK,with the impact of inflation broadly offset by efficiency savings Litigation and conduct charges decreased to 32m(H122:1,857m).The prior year charges included 1,469m of costs related to the Over-issuance of SecuritiesCredit impairment charges were 896m(H122:341m),reflecting higher U

65、S cards balances and normalising delinquencies.Total coverage ratio remains strong at 1.4%(December 2022:1.4%)The effective tax rate(ETR)was 20.0%(H122:22.0%).The prior year included the tax charge recognised for the re-measurement of the Groups UK deferred tax assets as a result of the UK banking s

66、urcharge rate being reduced from 8%to 3%Attributable profit was 3,111m(H122:2,475m)Total assets increased to 1,549.7bn(December 2022:1,513.7bn)driven by increased trading and client activity within Global Markets,partially offset by the strengthening of GBP against USD since December 2022.The Group

67、liquidity pool was further strengthened by growth in depositsTNAV per share was 291p(December 2022:295p)as EPS of 19.9p was more than offset by the 2022 full year dividend paid on 31 March 2023 and net negative reserve movements driven by currency movements and the interest rate environmentCapital d

68、istributionsAnnounced a half year dividend of 2.7p per share and intention to initiate a further share buyback of up to 750mBarclays is committed to maintaining a balance between a strong capital position,delivering total cash returns to shareholders and investment in the business.Barclays pays a pr

69、ogressive ordinary dividend,taking into account these objectives and the earnings outlook of the Group.The Board will also continue to supplement the ordinary dividend as appropriate,including with share buybacksGroup capital and leverageThe CET1 ratio decreased by c.10bps to 13.8%(December 2022:13.

70、9%)as CET1 capital decreased to 46.6bn(December 2022:46.9bn)whilst RWAs remained broadly stable at 336.9bn:c.90bps increase from attributable profit generated in the periodc.40bps aggregate decrease from expected capital impacts in Q123,including the 0.5bn share buyback announced at FY22 results,the

71、 impact of regulatory change on 1 January 2023 relating to IFRS 9 transitional relief,and the impact of the KMC acquisitionc.30bps decrease as a result of a 8.6bn increase in RWAs primarily driven by increased trading and credit risk RWAs within CIB c.30bps decrease primarily due to increased regula

72、tory capital deductions largely driven by an accrual for the FY23 dividendAn 8.8bn decrease in RWAs as a result of foreign exchange movements was broadly offset by a 1.2bn decrease in CET1 capital due to a decrease in the currency translation reserveThe UK leverage ratio decreased to 5.1%(December 2

73、022:5.3%)primarily due to a 53.7bn increase in leverage exposure to 1,183.7bn(December 2022:1,130.0bn).This is largely driven by increased trading and client activity within Global MarketsGroup Finance Directors ReviewBarclays PLC6Group funding and liquidityThe liquidity and funding position remains

74、 robust and stable in H123.The liquidity pool increased to 330.7bn(December 2022:318.0bn)driven by deposit growth.The composition of the liquidity pool is conservative,with 80%held in cash and deposits with central banks and the remainder primarily held in high quality government bonds,materially he

75、ld at fair value or hedgedThe strength of the funding and liquidity position is supported by a diverse and stable deposit franchise.Total deposits increased to 554.7bn(December 2022:545.8bn)The LCR remained significantly above the 100%regulatory requirement at 158%(December 2022:165%),equivalent to

76、a surplus of 115.3bn(December 2022:116.4bn)Net Stable Funding Ratio(average of last four quarter ends)was 139%(December 2022:137%),which represents a 166.6bn(December 2022:155.6bn)surplus above the 100%regulatory requirement Wholesale funding outstanding,excluding repurchase agreements,was 183.3bn(D

77、ecember 2022:184.0bn)The Group issued 7.1bn equivalent of minimum requirement for own funds and eligible liabilities(MREL)instruments from Barclays PLC(the Parent company)in H123.The Group has a strong MREL position with a ratio of 32.9%,which is in excess of the regulatory requirement of 29.2%plus

78、a confidential,institution specific,Prudential Regulation Authority(PRA)bufferOther mattersKMC acquisition:on 1 March 2023 Barclays completed the acquisition of UK specialist mortgage lender KMC,including a portfolio of mortgages totalling 2.2bn with an RWA impact of 0.8bnCombination of the Private

79、Bank and Barclays UK Wealth business:on 1 May 2023,Wealth Management&Investments(WM&I)was transferred from Barclays UK to CC&P,creating a combined Private Bank and Wealth Management business.The combination seeks to improve customer and client experience and create business synergies:The business tr

80、ansferred includes c.28bn of invested assets,generating annualised income of c.0.2bn Excluding the transfer,Q223 Barclays UK income would have been c.35m higher,NIM c.2bps higher and operating costs c.35m higher,with corresponding impacts to income and operating costs for CC&PAnna Cross,Group Financ

81、e DirectorGroup Finance Directors ReviewBarclays PLC7Barclays UK Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Income statement informationmm%Changemm%ChangeNet interest income3,2782,732201,6601,39319Net fee,commission and other income 644641301331(9)Total income3,9223,373161,9611

82、,72414Operating costs(2,182)(2,083)(5)(1,090)(1,085)Litigation and conduct3(25)5(16)Total operating expenses(2,179)(2,108)(3)(1,085)(1,101)1Other net income#DIV/0!Profit before impairment1,7431,2653887662341Credit impairment charges(208)(48)(95)Profit before tax1,5351,2172678162325Attributable profi

83、t1,0498542353445817Performance measuresReturn on average allocated tangible equity20.4%17.0%20.9%18.4%Average allocated tangible equity(bn)10.310.010.210.0Cost:income ratio56%62%55%64%Loan loss rate(bps)18417Net interest margin 3.20%2.67%3.22%2.71%Key factsUK mortgage balances(bn)163.6159.6Mortgage

84、gross lending flow(bn)12.213.9Average loan to value of mortgage portfolio153%51%Average loan to value of new mortgage lending163%69%Number of branches414593Mobile banking active customers(m)10.810.130 day arrears rate-Barclaycard Consumer UK0.9%1.0%As at 30.06.23As at 31.12.22As at 30.06.22Balance s

85、heet informationbnbnbnLoans and advances to customers at amortised cost 206.8205.1205.9Total assets 304.8313.2318.8Customer deposits at amortised cost249.8258.0261.5Loan:deposit ratio90%87%85%Risk weighted assets73.073.172.2Period end allocated tangible equity10.110.19.91Average loan to value of mor

86、tgages is balance weighted and reflects both residential and buy-to-let mortgage portfolios within the Home Loans portfolio.Results by BusinessBarclays PLC8Analysis of Barclays UK Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Analysis of total income mm%Changemm%ChangePersonal Ban

87、king2,4972,099191,2441,07716Barclaycard Consumer UK 484541(11)237265(11)Business Banking9417332848038226Total income3,9223,373161,9611,72414Analysis of credit impairment(charges)/releasesPersonal Banking(120)(21)(92)(42)Barclaycard Consumer UK(118)40(35)84 Business Banking30(67)32(42)Total credit im

88、pairment charges(208)(48)(95)As at 30.06.23As at 31.12.22As at 30.06.22Analysis of loans and advances to customers at amortised costbnbn bnPersonal Banking173.3169.7167.1Barclaycard Consumer UK 9.39.28.8Business Banking24.226.230.0Total loans and advances to customers at amortised cost206.8205.1205.

89、9Analysis of customer deposits at amortised costPersonal Banking191.1195.6197.0Barclaycard Consumer UK Business Banking58.762.464.5Total customer deposits at amortised cost249.8258.0261.5Results by BusinessBarclays PLC9Barclays UK delivered a RoTE of 20.4%supported by the higher interest rate enviro

90、nment and the continued investment in our transformation into a next-generation,digitised consumer bank.The challenging environment has persisted with customer behaviour driving a reduction in the NIM outlook.Income statement-H123 compared to H122Profit before tax increased 26%to 1,535m with a RoTE

91、of 20.4%(H122:17.0%)Total income increased 16%to 3,922m.Net interest income increased 20%to 3,278m with a NIM of 3.20%(H122:2.67%),as higher interest rates and associated structural hedge benefit outweighed mortgage margin pressure and lower deposit volumes.Net fee,commission and other income was st

92、able at 644m,including the impact of the transfer of WM&I to CC&PPersonal Banking income increased 19%to 2,497m,driven by higher interest rates,partially offset by mortgage margin compression and lower current accounts deposit volumes in line with wider market trends and cost of living pressuresBarc

93、laycard Consumer UK income decreased 11%to 484m as higher customer spend volumes were more than offset by lower interest earning lending balances following repayments and ongoing prudent risk managementBusiness Banking income increased 28%to 941m driven by higher interest rates,partially offset by l

94、ower government scheme lending as repayments continue and lower deposit volumes in line with wider market trendsTotal operating expenses increased 3%to 2,179m from the impact of inflation,partially offset by the transfer of WM&I to CC&P.Ongoing efficiency savings continue to be reinvested in digitis

95、ation to support further improvements to the cost:income ratio over timeCredit impairment charges increased to 208m(H122:48m),driven by UK cards and Mortgages.The updated macroeconomic scenarios reflect improvement in GDP and unemployment outlook against a backdrop of higher interest rates and a wea

96、ker House Price Index(HPI).UK cards 30 and 90 day arrears remained low at 0.9%(H122:1.0%)and 0.2%(H122:0.2%)respectively.The UK cards total coverage ratio was 7.1%(December 2022:7.6%)Balance sheet-30 June 2023 compared to 31 December 2022Loans and advances to customers at amortised cost increased 1%

97、to 206.8bn primarily reflecting the acquisition of KMC and continued mortgage lending,which more than offset repayment of government scheme lending in Business BankingCustomer deposits at amortised cost decreased 3%to 249.8bn.Increases in savings product balances were more than offset by reduced cur

98、rent account and Business Banking deposits,reflecting broader market trends.The loan:deposit ratio increased to 90%(December 2022:87%)RWAs were broadly stable at 73.0bn(December 2022:73.1bn)including a capital Loss Given Default(LGD)model update for the mortgages portfolio,partially offset by the ac

99、quisition of KMCResults by BusinessBarclays PLC10Barclays International Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Income statement informationmm%Changemm%ChangeNet interest income3,0841,965571,7301,02968Net trading income 3,6975,212(29)1,2782,766(54)Net fee,commission and othe

100、r income 2,9412,76361,4321,3218Total income9,7229,940(2)4,4405,116(13)Operating costs(5,703)(5,042)(13)(2,747)(2,537)(8)Litigation and conduct(30)(1,832)98(33)(1,319)97Total operating expenses(5,733)(6,874)17(2,780)(3,856)28Other net income913(31)6520Profit before impairment3,9983,079301,6661,26532C

101、redit impairment charges(679)(310)(275)(209)(32)Profit before tax3,3192,769201,3911,05632Attributable profit2,3012,0831095378322Performance measuresReturn on average allocated tangible equity12.4%11.5%10.3%8.4%Average allocated tangible equity(bn)37.136.237.137.3Cost:income ratio59%69%63%75%Loan los

102、s rate(bps)78376349Net interest margin15.86%4.29%5.85%4.41%As at 30.06.23As at 31.12.22As at 30.06.22Balance sheet informationbnbnbnLoans and advances to customers at amortised cost126.6133.7126.7Loans and advances to banks at amortised cost9.78.711.3Debt securities at amortised cost35.227.229.3Loan

103、s and advances at amortised cost171.5169.6167.3Trading portfolio assets 165.1133.8126.9Derivative financial instrument assets 264.9301.7343.5Financial assets at fair value through the income statement232.2210.5209.3Cash collateral and settlement balances123.9107.7128.5Other assets268.8258.0275.1Tota

104、l assets 1,226.41,181.31,250.6Deposits at amortised cost305.0287.6307.4Derivative financial instrument liabilities254.5288.9321.2Loan:deposit ratio56%59%54%Risk weighted assets254.6254.8263.8Period end allocated tangible equity36.736.838.01CIB and Barclays International margins include the lending r

105、elated investment bank business.Results by BusinessBarclays PLC11Analysis of Barclays InternationalCorporate and Investment BankHalf year endedThree months ended30.06.2330.06.2230.06.2330.06.22Income statement informationmm%Change mm%ChangeNet interest income1,32179566856410 Net trading income3,7905

106、,188(27)1,3532,738(51)Net fee,commission and other income2,0271,98829538858Total income7,1387,971(10)3,1624,033(22)Operating costs(4,186)(3,791)(10)(1,984)(1,870)(6)Litigation and conduct2(1,632)(1)(1,314)100Total operating expenses(4,184)(5,423)23(1,985)(3,184)38Other net income11Profit before impa

107、irment2,9552,548161,17884939Credit impairment(charges)/releases(20)(32)3813(65)Profit before tax 2,9352,516171,19178452Attributable profit2,0071,895679857938Performance measuresReturn on average allocated tangible equity12.6%11.9%10.0%7.1%Average allocated tangible equity(bn)31.831.831.832.7Cost:inc

108、ome ratio59%68%63%79%Loan loss rate(bps)35(4)20As at 30.06.23As at 31.12.22As at 30.06.22Balance sheet informationbnbnbnLoans and advances to customers at amortised cost84.890.586.5Loans and advances to banks at amortised cost9.08.110.0Debt securities at amortised cost35.127.229.3Loans and advances

109、at amortised cost128.9125.8125.8Trading portfolio assets165.0133.7126.7Derivative financial instrument assets264.8301.6343.4Financial assets at fair value through the income statement232.1210.5209.2Cash collateral and settlement balances122.5106.9127.7Other assets224.6222.6237.2Total assets1,137.91,

110、101.11,170.0Deposits at amortised cost225.5205.8229.5Derivative financial instrument liabilities254.5288.9321.2Risk weighted assets 216.5215.9227.6Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Analysis of total incomemm%Changemm%ChangeFICC2,9743,173(6)1,1861,529(22)Equities1,2672,

111、463(49)5631,411(60)Global Markets4,2415,636(25)1,7492,940(41)Advisory342421(19)130236(45)Equity capital markets1198442693786Debt capital markets614697(12)273281(3)Investment Banking fees1,0751,202(11)472554(15)Corporate lending26378 168(47)Transaction banking1,5591,0554877358632Corporate1,8221,13361

112、94153975Total income7,1387,971(10)3,1624,033(22)Results by BusinessBarclays PLC12Analysis of Barclays InternationalConsumer,Cards and PaymentsHalf year endedThree months ended30.06.2330.06.2230.06.2330.06.22Income statement informationmm%Change mm%Change Net interest income1,7631,1705187461941Net fe

113、e,commission,trading and other income8217993404464(13)Total income2,5841,969311,2781,08318Operating costs(1,517)(1,251)(21)(763)(667)(14)Litigation and conduct(32)(200)84(32)(5)Total operating expenses(1,549)(1,451)(7)(795)(672)(18)Other net income813(38)55Profit before impairment1,0435319648841617C

114、redit impairment charges(659)(278)(288)(144)Profit before tax38425352200272(26)Attributable profit29418856155204(24)Performance measuresReturn on average allocated tangible equity11.1%8.5%11.8%17.8%Average allocated tangible equity(bn)5.34.45.34.6Cost:income ratio60%74%62%62%Loan loss rate(bps)29312

115、8255132Key factsUS cards 30 day arrears rate2.4%1.4%US cards customer FICO score distribution66089%90%Total number of payments clients401k391kValue of payments processed(bn)1,2161150As at 30.06.23As at 31.12.22As at 30.06.22Balance sheet informationbnbnbnLoans and advances to customers at amortised

116、cost41.743.240.2Total assets88.580.280.6Deposits at amortised cost79.581.877.9Risk weighted assets 38.138.936.2Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Analysis of total incomemm%Changemm%ChangeInternational Cards and Consumer Bank1,7341,2294183569121Private Bank5544592129524

117、520Payments29628151481471Total income2,5841,969311,2781,083181Includes 155bn(H122:145bn)of merchant acquiring payments.2The H122 comparative has been restated to reflect only the turnover of the Payments business to be consistent with H123.Results by BusinessBarclays PLC13Barclays International deli

118、vered a RoTE of 12.4%.Despite the reduced banking industry fee pool and lower client activity in Global Markets,CIB delivered a RoTE of 12.6%reflecting the benefits of income diversification and investment in sustainable growth.CC&P RoTE of 11.1%reflected continued investment in the business resulti

119、ng in balance growth and increased income,partially offset by higher impairment charges.Income statement-H123 compared to H122Profit before tax increased 20%to 3,319m with a RoTE of 12.4%(H122:11.5%),reflecting a RoTE of 12.6%(H122:11.9%)in CIB and 11.1%(H122:8.5%)in CC&PBarclays International has a

120、 diverse income profile across businesses and geographies including a significant presence in the US.The appreciation of average USD against GBP positively impacted income and profits,and adversely impacted credit impairment charges and total operating expensesTotal income decreased to 9,722m(H122:9

121、,940m)CIB income decreased 10%to 7,138m.Excluding the impact from prior year hedging arrangements related to the Over-issuance of Securities1,CIB income decreased 1%Global Markets income of 4,241m decreased 25%,and 13%excluding the impact from prior year hedging arrangements related to the Over-issu

122、ance of Securities.FICC income decreased 6%to 2,974m,driven by macro reflecting lower market volatility and client activity,partially offset by a strong performance in credit.Equities income of 1,267m decreased 49%,and 26%excluding the impact from the Over-issuance of Securities driven by a decline

123、in derivatives income reflecting less volatile equity market conditionsInvestment Banking fees decreased 11%to 1,075m due to the reduced fee pool across Advisory and Debt capital markets2,partially offset by an improvement in Equity capital markets Within Corporate,Transaction banking income increas

124、ed 48%to 1,559m driven by improved deposit margins in the higher rate environment.Corporate lending income increased to 263m(H122:78m)mainly driven by lower costs of hedging and the non-repeat of fair value losses on leverage finance lending net of mark to market gains on related hedges in H122CC&P

125、income increased 31%to 2,584mInternational Cards and Consumer Bank income increased 41%to 1,734m reflecting higher cards balances and improved margins,including the Gap portfolio acquisition in Q222Private Bank income increased 21%to 554m,reflecting client balance growth and improved margins,includi

126、ng the transfer of WM&I from Barclays UKPayments income increased 5%to 296m driven by merchant acquiring turnover growthTotal operating expenses decreased 17%to 5,733m and increased 13%to 5,703m excluding litigation and conduct,reflecting investment in the businessCIB total operating expenses decrea

127、sed 23%to 4,184m.Operating expenses excluding litigation and conduct charges increased 10%to 4,186m reflecting investment in talent and technology,and the impact of inflationCC&P total operating expenses increased 7%to 1,549m.Operating expenses excluding litigation and conduct charges increased 21%t

128、o 1,517m,driven by higher investment spend to support growth,mainly in marketing and partnership costs,including the Gap portfolio acquisition,the transfer of WM&I from Barclays UK and the impact of inflationCredit impairment charges were 679m(H122:310m)CIB credit impairment charges of 20m(H122:32m)

129、were driven by single name charges partially offset by the benefit of credit protection and the updated macroeconomic scenariosCC&P credit impairment charges increased to 659m(H122:278m),reflecting higher US cards balances,including the Gap portfolio,and normalising delinquencies.US cards 30 and 90

130、day arrears were 2.4%(H122:1.4%)and 1.2%(H122:0.7%)respectively.The US cards total coverage ratio was 9.0%(December 2022:8.1%)1H122 included a 758m of income related to hedging arrangements to manage the risks of the rescission offer in relation to the Over-issuance of Securities.2Data source:Dealog

131、ic for the period covering 1 January to 30 June 2023.Results by BusinessBarclays PLC14Balance sheet-30 June 2023 compared to 31 December 2022Loans and advances at amortised cost increased 1.9bn to 171.5bn driven by increased investment in debt securities in Treasury,offset by net loan repayments in

132、CIB and the strengthening of GBP against USDTrading portfolio assets increased 31.3bn to 165.1bn driven by increased trading activity at the end of the period within Global MarketsDerivative assets and liabilities decreased 36.8bn and 34.4bn respectively to 264.9bn and 254.5bn reflecting lower marke

133、t volatility and the strengthening of GBP against USDFinancial assets at fair value through the income statement increased 21.7bn to 232.2bn driven by increased secured lendingDeposits at amortised costs increased 17.4bn to 305.0bn driven by increased deposits in TreasuryRWAs decreased to 254.6bn(De

134、cember 2022:254.8bn),as a reduction from the strengthening of GBP against USD was partially offset by increased trading and credit risk RWAs within CIBResults by BusinessBarclays PLC15Head Office Half year endedThree months ended30.06.2330.06.2230.06.2330.06.22Income statement informationmm%Changemm

135、%ChangeNet interest income(39)66(120)Net fee,commission and other income(83)(175)534(132)Total income(122)(109)(12)(116)(132)12Operating costs(145)(145)(82)(60)(37)Litigation and conduct(5)#DIV/0!(5)1 Total operating expenses(150)(145)(3)(87)(59)(47)Other net(expenses)/income(11)(16)31(3)2 Loss befo

136、re impairment(283)(270)(5)(206)(189)(9)Credit impairment(charges)/releases(9)17(2)9 Loss before tax(292)(253)(15)(208)(180)(16)Attributable loss(239)(462)48(159)(170)6Performance measuresAverage allocated tangible equity(bn)(0.2)2.7(0.6)1.7As at 30.06.23As at 31.12.22As at 30.06.22Balance sheet info

137、rmationbnbnbnTotal assets18.519.219.8Risk weighted assets9.38.68.6Period end allocated tangible equity(1.5)(0.2)1.1Income statement-H123 compared to H122Loss before tax was 292m(H122:253m)Total income was an expense of 122m(H122:109m expense)primarily reflecting hedge accounting and treasury items.T

138、he prior year included a one-off gain of 86m from the sale and leaseback of UK data centresTotal operating expenses were 150m(H122:145m)Balance sheet-30 June 2023 compared to 31 December 2022RWAs were 9.3bn(December 2022:8.6bn)Results by BusinessBarclays PLC16Barclays Group Q223Q123Q422Q322Q222Q122Q

139、4211Q3211Income statement informationmmmmmmmmNet interest income3,2703,0532,7413,0682,4222,3412,2301,940Net fee,commission and other income3,0154,1843,0602,8834,2864,1552,9303,525Total income6,2857,2375,8015,9516,7086,4965,1605,465Operating costs(3,919)(4,111)(3,748)(3,939)(3,682)(3,588)(3,514)(3,44

140、6)UK bank levy(176)(170)Litigation and conduct(33)1(79)339(1,334)(523)(92)(129)Total operating expenses(3,952)(4,110)(4,003)(3,600)(5,016)(4,111)(3,776)(3,575)Other net income/(expenses)3(5)10(1)7(10)1394Profit before impairment2,3363,1221,8082,3501,6992,3751,3971,984Credit impairment(charges)/relea

141、ses(372)(524)(498)(381)(200)(141)31(120)Profit before tax 1,9642,5981,3101,9691,4992,2341,4281,864Tax(charge)/credit(353)(561)33(249)(209)(614)(104)(292)Profit after tax1,6112,0371,3431,7201,2901,6201,3241,572Non-controlling interests(22)(8)(22)(2)(20)(1)(27)(1)Other equity instrument holders(261)(2

142、46)(285)(206)(199)(215)(218)(197)Attributable profit1,3281,7831,0361,5121,0711,4041,0791,374Performance measuresReturn on average tangible shareholders equity11.4%15.0%8.9%12.5%8.7%11.5%9.0%11.4%Average tangible shareholders equity(bn)46.747.646.748.649.048.848.048.3Cost:income ratio63%57%69%60%75%6

143、3%73%65%Loan loss rate(bps)375249362015(3)13Basic earnings per share 8.6p11.3p6.5p9.4p6.4p8.4p6.4p8.0pBasic weighted average number of shares(m)15,52315,77015,82816,14816,68416,68216,98517,062Period end number of shares(m)15,55615,70115,87115,88816,53116,76216,75216,851Balance sheet and capital mana

144、gement2bnbnbnbnbnbnbnbnLoans and advances to customers at amortised cost337.4343.6343.3346.3337.2325.8319.9313.5Loans and advances to banks at amortised cost10.911.010.012.512.511.49.710.6Debt securities at amortised cost53.148.945.554.846.134.531.828.9Loans and advances at amortised cost401.4403.53

145、98.8413.7395.8371.7361.5353.0Loans and advances at amortised cost impairment coverage ratio1.4%1.4%1.4%1.4%1.4%1.5%1.6%1.7%Total assets1,549.71,539.11,513.71,726.91,589.21,496.11,384.31,406.5Deposits at amortised cost554.7555.7545.8574.4568.7546.5519.4510.2Tangible net asset value per share291p301p2

146、95p286p297p294p291p286pCommon equity tier 1 ratio13.8%13.6%13.9%13.8%13.6%13.8%15.1%15.3%Common equity tier 1 capital46.646.046.948.646.745.347.347.2Risk weighted assets336.9338.4336.5350.8344.5328.8314.1307.7UK leverage ratio5.1%5.1%5.3%5.0%5.1%5.0%5.2%5.1%UK leverage exposure1,183.71,168.91,130.01

147、,232.11,151.21,123.51,137.91,162.7Funding and liquidityGroup liquidity pool(bn)330.7333.0318.0325.8342.5319.8291.0292.8Liquidity coverage ratio158%163%165%151%156%159%168%161%Net stable funding ratio3139%139%137%Loan:deposit ratio72%73%73%72%70%68%70%69%1The comparative capital and financial metrics

148、 relating to Q321 and Q421 have been restated to reflect the impact of the Over-issuance of Securities.2Refer to pages 54 to 58 for further information on how capital,RWAs and leverage are calculated.3Represents average of the last four spot quarter end positions.Quarterly Results SummaryBarclays PL

149、C17Barclays UKQ223Q123Q422Q322Q222Q122Q421Q321Income statement informationmmmmmmmmNet interest income1,6601,6181,6001,5611,3931,3391,3131,303Net fee,commission and other income301343370355331310386335Total income1,9611,9611,9701,9161,7241,6491,6991,638Operating costs(1,090)(1,092)(1,108)(1,069)(1,08

150、5)(998)(1,202)(1,041)UK bank levy(26)(36)Litigation and conduct5(2)(13)(3)(16)(9)(5)(10)Total operating expenses(1,085)(1,094)(1,147)(1,072)(1,101)(1,007)(1,243)(1,051)Other net income/(expenses)1(1)(1)1Profit before impairment876867824843623642455588Credit impairment(charges)/releases(95)(113)(157)

151、(81)(48)59(137)Profit before tax 781754667762623594514451Attributable profit534515474549458396420317Balance sheet informationbnbnbnbnbnbnbnbnLoans and advances to customers at amortised cost206.8208.2205.1205.1205.9207.3208.8208.6Total assets304.8308.6313.2316.8318.8317.2321.2312.1Customer deposits

152、at amortised cost249.8254.3258.0261.0261.5260.3260.6256.8Loan:deposit ratio90%90%87%86%85%85%85%86%Risk weighted assets73.074.673.173.272.272.772.373.2Period end allocated tangible equity10.110.310.110.19.910.110.010.0Performance measuresReturn on average allocated tangible equity20.9%20.0%18.7%22.1

153、%18.4%15.6%16.8%12.7%Average allocated tangible equity(bn)10.210.310.29.910.010.110.010.0Cost:income ratio 55%56%58%56%64%61%73%64%Loan loss rate(bps)172027149(10)24Net interest margin3.22%3.18%3.10%3.01%2.71%2.62%2.49%2.49%Quarterly Results by BusinessBarclays PLC18Analysis of Barclays UKQ223Q123Q4

154、22Q322Q222Q122Q421Q321Analysis of total incomemmmmmmmmPersonal Banking1,2441,2531,2291,2121,0771,022983990Barclaycard Consumer UK237247269283265276352293Business Banking480461472421382351364355Total income1,9611,9611,9701,9161,7241,6491,6991,638Analysis of credit impairment(charges)/releasesPersonal

155、 Banking(92)(28)(120)(26)(42)218(30)Barclaycard Consumer UK(35)(83)(12)284(44)114(108)Business Banking32(2)(25)(57)(42)(25)(63)1Total credit impairment(charges)/releases(95)(113)(157)(81)(48)59(137)Analysis of loans and advances to customers at amortised costbnbnbnbnbnbnbnbnPersonal Banking173.3173.

156、6169.7168.7167.1166.5165.4164.6Barclaycard Consumer UK9.39.09.29.08.88.48.78.6Business Banking24.225.626.227.430.032.434.735.4Total loans and advances to customers at amortised cost206.8208.2205.1205.1205.9207.3208.8208.6Analysis of customer deposits at amortised costPersonal Banking191.1194.3195.61

157、97.3197.0196.6196.4193.3Barclaycard Consumer UKBusiness Banking58.760.062.463.764.563.764.263.5Total customer deposits at amortised cost249.8254.3258.0261.0261.5260.3260.6256.8Quarterly Results by BusinessBarclays PLC19Barclays InternationalQ223Q123Q422Q322Q222Q122Q4211Q3211Income statement informat

158、ionmmmmmmmmNet interest income1,7301,3541,4651,4971,029936955749Net trading income1,2782,4191,1691,3282,7662,4467891,515Net fee,commission and other income1,4321,5091,2281,2401,3211,4421,7661,673Total income4,4405,2823,8624,0655,1164,8243,5103,937Operating costs(2,747)(2,956)(2,543)(2,776)(2,537)(2,

159、505)(2,160)(2,310)UK bank levy(133)(134)Litigation and conduct(33)3(67)396(1,319)(513)(84)(100)Total operating expenses(2,780)(2,953)(2,743)(2,380)(3,856)(3,018)(2,378)(2,410)Other net income6351058315Profit before impairment1,6662,3321,1241,6951,2651,8141,1351,542Credit impairment(charges)/releases

160、(275)(404)(328)(295)(209)(101)(23)18Profit before tax 1,3911,9287961,4001,0561,7131,1121,560Attributable profit9531,3486251,1367831,3008181,191Balance sheet informationbnbnbnbnbnbnbnbnLoans and advances to customers at amortised cost126.6131.0133.7137.0126.7113.9106.499.9Loans and advances to banks

161、at amortised cost9.79.88.711.011.310.28.49.4Debt securities at amortised cost35.230.827.236.229.320.719.016.6Loans and advances at amortised cost171.5171.6169.6184.2167.3144.8133.8125.9Trading portfolio assets165.1137.7133.8126.3126.9134.1146.9144.8Derivative financial instrument assets264.9256.6301

162、.7415.7343.5288.8261.5257.0Financial assets at fair value through the income statement232.2245.0210.5244.7209.3203.8188.2200.5Cash collateral and settlement balances123.9125.5107.7163.3128.5132.088.1115.9Other assets268.8275.0258.0257.2275.1255.5225.6231.8Total assets1,226.41,211.41,181.31,391.41,25

163、0.61,159.01,044.11,075.9Deposits at amortised cost305.0301.6287.6313.2307.4286.1258.8253.3Derivative financial instrument liabilities254.5246.7288.9394.2321.2277.2256.4252.3Loan:deposit ratio56%57%59%59%54%51%52%50%Risk weighted assets254.6255.1254.8269.3263.8245.1230.9222.7Period end allocated tang

164、ible equity36.736.836.838.838.035.633.231.8Performance measuresReturn on average allocated tangible equity10.3%14.5%6.4%11.6%8.4%14.8%9.9%14.9%Average allocated tangible equity(bn)37.137.138.939.137.335.132.931.8Cost:income ratio 63%56%71%59%75%63%68%61%Loan loss rate(bps)6394756249287(6)Net interes

165、t margin25.85%5.87%5.71%5.58%4.41%4.15%4.14%4.02%1The comparative capital and financial metrics relating to Q321 and Q421 have been restated to reflect the impact of the Over-issuance of Securities.2CIB and Barclays International margins include the lending related investment bank business.Quarterly

166、 Results by BusinessBarclays PLC20Analysis of Barclays InternationalCorporate and Investment BankQ223Q123Q422Q322Q222Q122Q4211Q3211Income statement informationmmmmmmmmNet interest income856465548606410385432279Net trading income1,3532,4371,2011,3442,7382,4507741,467Net fee,commission and other incom

167、e9531,0748278718851,1031,4261,383Total income3,1623,9762,5762,8214,0333,9382,6323,129Operating costs(1,984)(2,202)(1,796)(2,043)(1,870)(1,921)(1,562)(1,747)UK bank levy(126)(128)Litigation and conduct(1)3(55)498(1,314)(318)(59)(99)Total operating expenses(1,985)(2,199)(1,977)(1,545)(3,184)(2,239)(1,

168、749)(1,846)Other net income121Profit before impairment1,1781,7776011,2768491,6998841,283Credit impairment releases/(charges)13(33)(41)(46)(65)3373128Profit before tax 1,1911,7445601,2307841,7329571,411Attributable profit7981,2094541,0155791,3166951,085Balance sheet informationbnbnbnbnbnbnbnbnLoans a

169、nd advances to customers at amortised cost84.889.290.593.686.579.573.468.3Loans and advances to banks at amortised cost9.09.28.110.210.09.47.68.9Debt securities at amortised cost35.130.727.236.229.320.719.016.6Loans and advances at amortised cost128.9129.1125.8140.0125.8109.6100.093.8Trading portfol

170、io assets165.0137.6133.7126.1126.7134.0146.7144.7Derivative financial instruments assets264.8256.5301.6415.5343.4288.7261.5256.9Financial assets at fair value through the income statement232.1244.9210.5244.6209.2203.8188.1200.4Cash collateral and settlement balances122.5124.7106.9162.6127.7131.287.2

171、115.1Other assets224.6230.3222.6220.6237.2222.5195.8200.4Total assets1,137.91,123.11,101.11,309.41,170.01,089.8979.31,011.3Deposits at amortised cost225.5221.0205.8229.5229.5214.7189.4185.8Derivative financial instrument liabilities254.5246.7288.9394.2321.2277.1256.4252.2Risk weighted assets 216.521

172、6.8215.9230.6227.6213.5200.7192.5Performance measuresReturn on average allocated tangible equity10.0%15.2%5.4%11.9%7.1%17.1%9.7%15.6%Average allocated tangible equity(bn)31.831.833.734.032.730.828.727.8Cost:income ratio63%55%77%55%79%57%66%59%Loan loss rate(bps)(4)10131320(12)(29)(54)Net interest ma

173、rgin23.98%3.95%3.73%3.56%2.88%2.52%2.67%Analysis of total incomemmmmmmmmFICC1,1861,7889761,5461,5291,644546803Equities5637044402461,4111,052501757Global Markets1,7492,4921,4161,7922,9402,6961,0471,560Advisory130212197150236185287253Equity capital markets695040423747158186Debt capital markets27334124

174、3341281416511532Investment Banking fees472603480533554648956971Corporate lending16895(128)(181)(47)125176168Transaction banking773786808677586469453430Corporate941881680496539594629598Total income3,1623,9762,5762,8214,0333,9382,6323,1291The comparative capital and financial metrics relating to Q321

175、and Q421 have been restated to reflect the impact of the Over-issuance of Securities.2CIB and Barclays International margins include the lending related investment bank business.Quarterly Results by BusinessBarclays PLC21Analysis of Barclays InternationalConsumer,Cards and PaymentsQ223Q123Q422Q322Q2

176、22Q122Q421Q321Income statement informationmmmmmmmmNet interest income874889918891619551522471Net fee,commission,trading and other income404417368353464335356337Total income1,2781,3061,2861,2441,083886878808Operating costs(763)(754)(747)(733)(667)(584)(598)(563)UK bank levy(7)(6)Litigation and conduc

177、t(32)(12)(102)(5)(195)(25)(1)Total operating expenses(795)(754)(766)(835)(672)(779)(629)(564)Other net income5331058215Profit before impairment488555523419416115251259Credit impairment charges(288)(371)(287)(249)(144)(134)(96)(110)Profit/(loss)before tax200184236170272(19)155149Attributable profit/(

178、loss)155139171121204(16)123106Balance sheet informationbnbnbnbnbnbnbnbnLoans and advances to customers at amortised cost41.741.843.243.440.234.433.031.6Total assets88.588.380.282.080.669.264.864.6Deposits at amortised cost79.580.681.883.777.971.469.467.5Risk weighted assets 38.138.238.938.736.231.63

179、0.230.2Performance measuresReturn on average allocated tangible equity11.8%10.5%13.0%9.5%17.8%(1.5)%11.7%10.5%Average allocated tangible equity(bn)5.35.35.25.14.64.34.24.0Cost:income ratio62%58%60%67%62%88%72%70%Loan loss rate(bps)255332245211132145105127Net interest margin8.25%8.42%8.40%8.41%6.68%6

180、.56%6.29%Analysis of total incomemmmmmmmmInternational Cards and Consumer Bank835900860824691538552490Private Bank295258285270245214200188Payments148148141150147134126130Total income1,2781,3061,2861,2441,083886878808Quarterly Results by BusinessBarclays PLC22Head OfficeQ223Q123Q422Q322Q222Q122Q421Q3

181、21Income statement informationmmmmmmmmNet interest income(120)81(324)1066(38)(112)Net fee,commission and other income4(87)293(40)(132)(43)(11)2Total income(116)(6)(31)(30)(132)23(49)(110)Operating costs(82)(63)(97)(94)(60)(85)(152)(95)UK bank levy(17)Litigation and conduct(5)1(54)1(1)(3)(19)Total op

182、erating expenses(87)(63)(113)(148)(59)(86)(155)(114)Other net(expenses)/income(3)(8)4(10)2(18)1178Loss before impairment(206)(77)(140)(188)(189)(81)(193)(146)Credit impairment(charges)/releases(2)(7)(13)(5)98(5)(1)Loss before tax(208)(84)(153)(193)(180)(73)(198)(147)Attributable loss(159)(80)(63)(17

183、3)(170)(292)(159)(134)Balance sheet informationbnbnbnbnbnbnbnbnTotal assets18.519.119.218.719.819.919.018.5Risk weighted assets19.38.88.68.28.611.011.011.8Period end allocated tangible equity1(1.5)0.2(0.2)(3.5)1.13.65.56.3Performance measures1Average allocated tangible equity(bn)(0.6)0.2(2.4)(0.4)1.

184、73.65.16.51The comparative capital and financial metrics relating to Q321 and Q421 have been restated to reflect the impact of the Over-issuance of Securities.Quarterly Results by BusinessBarclays PLC23Margins and balancesHalf year ended 30.06.23Half year ended 30.06.22Net interest income Average cu

185、stomer assetsNet interest marginNet interest income Average customer assetsNet interest marginmm%mm%Barclays UK3,278206,6533.202,732206,5242.67Corporate and Investment Bank11,09155,5043.9671352,9912.71Consumer,Cards and Payments1,76342,6738.331,17035,6166.63Barclays International12,85498,1775.861,88

186、388,6074.29Total Barclays UK and Barclays International6,132304,8304.064,615295,1313.15Other2191148Total Barclays Group6,3234,7631CIB and Barclays International margins include the lending related investment bank business.2Other includes Head Office and the non-lending related investment bank busine

187、sses not included in Barclays International margins.The Barclays UK and Barclays International NIM has increased 91bps from 3.15%in H122 to 4.06%in H123,driven by the higher interest rate environment and continued structural hedge income momentum across the Group as well as higher balances in CC&P i

188、ncluding the Gap portfolio acquisition,partially offset by product dynamics in deposits and mortgages.The Groups combined product and equity structural hedge notional amount at June 2023 was 256bn(December 2022:263bn),with an average duration of close to 2.5 years(2022:average duration close to 3 ye

189、ars).Gross structural hedge contributions of 1,639m(H122:879m)and net structural hedge contributions of(3,701)m(H122:83m)are included in Group net interest income.Gross structural hedge contributions represent the absolute level of interest earned from the fixed receipts on swaps in the structural h

190、edge,while the net structural hedge contributions represent the net interest earned on the difference between the structural hedge rate and prevailing floating rates.Quarterly analysis for Barclays UK and Barclays InternationalQ223Q123Q422Q322Q222Net interest incomemmmmmBarclays UK1,6601,6181,6001,5

191、611,393Corporate and Investment Bank1540551556529397Consumer,Cards and Payments874889918891619Barclays International11,4141,4401,4741,4201,016Total Barclays UK and Barclays International3,0743,0583,0742,9812,409Average customer assetsmmmmmBarclays UK207,073206,241204,941205,881205,834Corporate and I

192、nvestment Bank154,41756,61259,14658,89155,181Consumer,Cards and Payments42,50342,84043,31942,01937,190Barclays International196,92099,452102,465100,91092,371Total Barclays UK and Barclays International303,993305,693307,406306,791298,205Net interest margin%Barclays UK3.223.183.103.012.71Corporate and

193、 Investment Bank13.983.953.733.562.88Consumer,Cards and Payments8.258.428.408.416.68Barclays International15.855.875.715.584.41Total Barclays UK and Barclays International4.064.063.973.853.241CIB and Barclays International margins include the lending related investment bank business.Performance Mana

194、gementBarclays PLC24Risk management and principal risksThe roles and responsibilities of the business groups,Risk and Compliance in the management of risk in the Group are defined in the Enterprise Risk Management Framework.The purpose of the framework is to identify the principal risks of the Group

195、,the process by which the Group sets its appetite for these risks in its business activities,and the consequent limits which it places on related risk taking.The framework identifies nine principal risks:credit risk,market risk,treasury and capital risk,climate risk,operational risk,model risk,compl

196、iance risk,reputation risk and legal risk.Further detail on the Groups principal risks and previously identified material existing and emerging risks and how such risks are managed is available in the Barclays PLC Annual Report 2022(pages 266 to 295),which can be accessed at home.barclays/annualrepo

197、rt.Other than the changes set out in the paragraph below,there have been no significant changes to these principal risks or previously identified material existing and emerging risks in the period.In Q223,the conduct risk principal risk was expanded to include“Laws,Rules and Regulations(LRR)Risk”and

198、 consequently renamed compliance risk.Reflecting this,the definition of compliance risk is:The risk of poor outcomes for,or harm to,customers,clients and markets,arising from the delivery of the firms products and services(also known as Conduct Risk)and the risk to Barclays,its clients,customers or

199、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).The definition of the legal risk principal risk was updated to:The risk of loss or imposition of penalties,damages or fines from the failure of the firm

200、 to meet applicable laws,rules and regulations or contractual requirements or to assert or defend its intellectual property rights.The revised framework has been in force from June 2023.The following section gives an overview of credit risk,market risk,and treasury and capital risk for the period.Ri

201、sk ManagementBarclays PLC25Loans and advances at amortised cost by stageTotal loans and advances at amortised cost in the credit risk performance section includes Loans and advances at amortised cost to banks,Loans and advances at amortised cost to customers and Debt securities at amortised cost.The

202、 table below presents a stage allocation and business segment analysis of loans and advances at amortised cost by gross exposure,impairment allowance,impairment charge and coverage ratio as at 30 June 2023.Also included are stage allocation of off-balance sheet loan commitments and financial guarant

203、ee contracts by gross exposure,impairment allowance and coverage as at 30 June 2023.Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure.For retail portfolios,the total impairment allowance is allocated to gross loans and advances to the extent allowance d

204、oes not exceed the drawn exposure and any excess is reported on the liabilities side of the balance sheet as a provision.For wholesale portfolios,impairment allowance on undrawn exposure is reported on the liability side of the balance sheet as a provision.Gross exposureImpairment allowanceNet expos

205、ureStage 1Stage 2 Stage 3TotalStage 1Stage 2 Stage 3TotalAs at 30.06.23mmmmmmmmmBarclays UK164,74123,4082,390190,5393246695071,500189,039Barclays International32,4314,6451,95439,0303651,2111,1442,72036,310Head Office3,1812815584,0203233153413,679Total Barclays Group retail200,35328,3344,902233,58969

206、21,9031,9664,561229,028Barclays UK33,9972,38376137,14172749424036,901Barclays International121,65513,2591,007135,921190270292752135,169Head Office307173241717307Total Barclays Group wholesale155,95915,6421,785173,3862623444031,009172,377Total loans and advances at amortised cost356,31243,9766,687406

207、,9759542,2472,3695,570401,405Off-balance sheet loan commitments and financial guarantee contracts1364,83928,6371,262394,73820030841549394,189Total2721,15172,6137,949801,7131,1542,5552,4106,119795,594As at 30.06.23Half year ended 30.06.23Coverage ratioLoan impairment charge/(release)and loan loss rat

208、eStage 1Stage 2 Stage 3TotalLoan impairment charge/(release)Loan loss rate%mbpsBarclays UK0.22.921.20.822524Barclays International1.126.158.57.0665344Head Office0.18.256.58.5945Total Barclays Group retail0.36.740.12.089978Barclays UK0.23.112.40.6(47)Barclays International0.22.029.00.6589Head Office1

209、00.05.2Total Barclays Group wholesale0.22.222.60.6111Total loans and advances at amortised cost0.35.135.41.491045Off-balance sheet loan commitments and financial guarantee contracts10.11.13.20.1(25)Other financial assets subject to impairment211Total30.23.530.30.88961Excludes loan commitments and fi

210、nancial guarantees of 12.3bn carried at fair value.2Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances,financial assets at fair value through other comprehensive income and other assets.These have a total gross exposure of 198

211、.2bn and impairment allowance of 165m.This comprises 18m ECL on 196.8bn Stage 1 assets,12m on 1.3bn Stage 2 fair value through other comprehensive income assets,cash collateral and settlement balances and 135m on 145m Stage 3 other assets.3The annualised loan loss rate is 44bps after applying the to

212、tal impairment charge of 896m.Credit RiskBarclays PLC26Gross exposureImpairment allowanceNet exposureStage 1Stage 2 Stage 3TotalStage 1Stage 2 Stage 3TotalAs at 31.12.22mmmmmmmmmBarclays UK160,42424,8372,711187,9722327184851,435186,537Barclays International33,7354,3991,79339,9273921,2009492,54137,38

213、6Head Office3,6442526614,5573243593864,171Total Barclays Group retail197,80329,4885,165232,4566271,9421,7934,362228,094Barclays UK34,8582,95480538,6171291099633438,283Barclays International117,69214,2981,098133,088301265312878132,210Head Office192182101818192Total Barclays Group wholesale152,74217,2

214、521,921171,9154303744261,230170,685Total loans and advances at amortised cost350,54546,7407,086404,3711,0572,3162,2195,592398,779Off-balance sheet loan commitments and financial guarantee contracts1372,94530,6941,180404,81924531523583404,236Total2723,49077,4348,266809,1901,3022,6312,2426,175803,015A

215、s at 31.12.22Year ended 31.12.22Coverage ratioLoan impairment charge/(release)and loan loss rateStage 1Stage 2 Stage 3TotalLoan impairment charge/(release)Loan loss rate%mbpsBarclays UK0.12.917.90.81699Barclays International1.227.352.96.4763191Head Office0.19.554.38.5Total Barclays Group retail0.36.

216、634.71.993240Barclays UK0.43.711.90.910627Barclays International0.31.928.40.712710Head Office100.08.6Total Barclays Group wholesale0.32.222.20.723314Total loans and advances at amortised cost0.35.031.31.41,16529Off-balance sheet loan commitments and financial guarantee contracts10.11.01.90.118Other

217、financial assets subject to impairment237Total30.23.427.10.81,2201Excludes loan commitments and financial guarantees of 14.9bn carried at fair value.2Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances,financial assets at fair

218、value through other comprehensive income and other assets.These have a total gross exposure of 180.1bn and impairment allowance of 163m.This comprises 10m ECL on 178.4bn Stage 1 assets,9m on 1.5bn Stage 2 fair value through other comprehensive income assets,cash collateral and settlement balances an

219、d 144m on 149m Stage 3 other assets.3The annualised loan loss rate is 30bps after applying the total impairment charge of 1,220m.Credit RiskBarclays PLC27Taskforce on Disclosures about Expected Credit Losses(DECL)The latest DECL III Taskforce recommendation for the minimum product groupings has been

220、 adopted in the credit risk performance section for this period and the prior period comparatives have been aligned accordingly.The Group intends to adopt further enhancements such as geographical breakdown and other recommendations in future periods.Loans and advances at amortised cost by productTh

221、e table below presents a breakdown of loans and advances at amortised cost and the impairment allowance with stage allocation by asset classification.Stage 2As at 30.06.23Stage 1Not past due30 days past dueTotalStage 3TotalGross exposuremmmmmmmRetail mortgages 155,521 15,114 1,841 848 17,803 2,108 1

222、75,432 Retail credit cards 29,351 5,676 356 266 6,298 1,455 37,104 Retail other 10,677 1,252 92 286 1,630 520 12,827 Corporate loans 106,387 14,074 133 209 14,416 2,602 123,405 Debt securities and other1 54,376 3,829 3,829 2 58,207 Total 356,312 39,945 2,422 1,609 43,976 6,687 406,975 Impairment all

223、owanceRetail mortgages 41 67 21 16 104 409 554 Retail credit cards 474 1,235 164 152 1,551 1,125 3,150 Retail other 81 122 22 27 171 246 498 Corporate loans 335 367 12 8 387 589 1,311 Debt securities and other1 23 34 34 57 Total 954 1,825 219 203 2,247 2,369 5,570 Net exposureRetail mortgages 155,48

224、0 15,047 1,820 832 17,699 1,699 174,878 Retail credit cards 28,877 4,441 192 114 4,747 330 33,954 Retail other 10,596 1,130 70 259 1,459 274 12,329 Corporate loans 106,052 13,707 121 201 14,029 2,013 122,094 Debt securities and other1 54,353 3,795 3,795 2 58,150 Total 355,358 38,120 2,203 1,406 41,7

225、29 4,318 401,405 Coverage ratio%Retail mortgages0.41.11.90.619.40.3Retail credit cards1.621.846.157.124.677.38.5Retail other0.89.723.99.410.547.33.9Corporate loans0.32.69.03.82.722.61.1Debt securities and other10.90.90.1Total0.34.69.012.65.135.41.41Predominantly includes debt securities within Treas

226、ury and CIB,these have a total gross exposure of 53.2bn and an impairment allowance of 57m.Also includes loans and advances of 4.5bn within Treasury and 0.5bn within Head Office,which have an impairment allowance of nil.Credit RiskBarclays PLC28Stage 2As at 31.12.22Stage 1Not past due30 days past du

227、eTotalStage 3TotalGross exposuremmmmmmmRetail mortgages 153,672 15,990 1,684 526 18,200 2,414 174,286 Retail credit cards 29,788 5,731 284 434 6,449 1,380 37,617 Retail other 13,470 1,232 104 132 1,468 720 15,658 Corporate loans 107,309 16,560 159 107 16,826 2,567 126,702 Debt securities and other1

228、46,306 3,797 3,797 5 50,108 Total 350,545 43,310 2,231 1,199 46,740 7,086 404,371 Impairment allowanceRetail mortgages 29 53 11 9 73 414 516 Retail credit cards 458 1,334 100 186 1,620 955 3,033 Retail other 100 118 22 26 166 308 574 Corporate loans 461 401 13 10 424 542 1,427 Debt securities and ot

229、her1 9 33 33 42 Total 1,057 1,939 146 231 2,316 2,219 5,592 Net exposureRetail mortgages 153,643 15,937 1,673 517 18,127 2,000 173,770 Retail credit cards 29,330 4,397 184 248 4,829 425 34,584 Retail other 13,370 1,114 82 106 1,302 412 15,084 Corporate loans 106,848 16,159 146 97 16,402 2,025 125,27

230、5 Debt securities and other1 46,297 3,764 3,764 5 50,066 Total 349,488 41,371 2,085 968 44,424 4,867 398,779 Coverage ratio%Retail mortgages0.30.71.70.417.10.3Retail credit cards1.523.335.242.925.169.28.1Retail other0.79.621.219.711.342.83.7Corporate loans0.42.48.29.32.521.11.1Debt securities and ot

231、her10.90.90.1Total0.34.56.519.35.031.31.41Predominantly includes debt securities within Treasury and CIB,these have a total gross exposure of 45.5bn and an impairment allowance of 42m.Also includes loans and advances of 4.1bn within Treasury and 0.5bn within Head Office,which have an impairment allo

232、wance of nil.Credit RiskBarclays PLC29Loans and advances at amortised cost by selected sectorsThe table below presents a breakdown of drawn exposure and impairment allowance for loans and advances at amortised cost with stage allocation for selected industry sectors within the corporate loan portfol

233、io.As the nature of macroeconomic uncertainties have evolved,including to higher interest rates and continuing inflationary stress,so has the appraisal of selected sectors under management focus.Gross exposureImpairment allowanceStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalAs at 30.06.23mmmmm

234、mmmAutos911182411,13434714Consumer manufacture4,0461,3512315,628203749106Discretionary retail and wholesale4,4321,3941746,00029303796Hospitality and leisure3,6541,3493245,327232459106Passenger travel73319439966671326Real estate13,6372,42349516,5555346116215Steel and aluminium manufacturers4531542863

235、5421925Total27,8667,0471,33236,245138150300588Total of corporate exposures(%)26%49%51%29%41%39%51%45%Gross exposureImpairment allowanceStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalAs at 31.12.22mmmmmmmmAutos881194311,10665617Consumer manufacture3,8451,7291995,773454146132Discretionary retail

236、and wholesale5,1431,7112497,103413751129Hospitality and leisure3,9021,3164295,647403170141Passenger travel744267511,062971329Real estate13,0423,04949916,5909166123280Steel and aluminium manufacturers486851858971816Total28,0438,3511,47637,870239188317744Total of corporate exposures(%)26%50%57%30%52%4

237、4%58%52%Gross loans and advances to selected sectors have decreased through the year,as has the coverage ratio at June 2023:1.6%(December 2022:2.0%)primarily driven by non-default coverage reducing from 1.2%at December 2022 to 0.8%at June 2023.The lower impairment provisioning is primarily driven by

238、 the retirement of the customer uncertainty PMA following rebuild of certain CIB models,which better capture the macroeconomic outlook;and a granular assessment of the portfolio,which is subject to increased monitoring under Barclays Risk Management framework.The portfolio also benefits from an exte

239、rnal hedge protection program that enables effective risk management against credit losses.An additional 72m(December 2022:115m)impairment allowance has been provisioned against undrawn commitments not included in the table above.Credit RiskBarclays PLC30Movement in gross exposures and impairment al

240、lowance including provisions for loan commitments and financial guaranteesThe following tables present a reconciliation of the opening to the closing balance of the exposure and impairment allowance.An explanation of the methodology used to determine credit impairment provisions is included in the B

241、arclays PLC Annual Report 2022.Transfers between stages in the tables have been reflected as if they had taken place at the beginning of the year.Net drawdowns,repayments,net re-measurement and movements due to exposure and risk parameter changes includes additional drawdowns and partial repayments

242、from existing facilities.Additionally,the below tables do not include other financial assets subject to impairment such as cash collateral and settlement balances,financial assets at fair value through other comprehensive income and other assets.The movements are measured over a 6-month period.Loans

243、 and advances at amortised costStage 1Stage 2Stage 3TotalGross exposureECLGross exposureECLGross exposureECLGross exposureECLRetail mortgagesmmmmmmmmAs at 1 January 2023 153,672 29 18,200 73 2,414 414 174,286 516 Transfers from Stage 1 to Stage 2(5,762)(1)5,762 1 Transfers from Stage 2 to Stage 1 5,

244、086 15 (5,086)(15)Transfers to Stage 3(145)(141)(9)286 9 Transfers from Stage 3 18 1 80 1 (98)(2)Business activity in the period1 14,681 9 361 3 6 5 15,048 17 Refinements to models used for calculation Net drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter change

245、s(6,695)(11)(589)53 (300)(2)(7,584)40 Final repayments(5,334)(1)(784)(3)(190)(5)(6,308)(9)Disposals Write-offs (10)(10)(10)(10)As at 30 June 2023 155,521 41 17,803 104 2,108 409 175,432 554 Retail credit cardsAs at 1 January 2023 29,788 458 6,449 1,620 1,380 955 37,617 3,033 Transfers from Stage 1 t

246、o Stage 2(2,037)(57)2,037 57 Transfers from Stage 2 to Stage 1 1,789 429 (1,789)(429)Transfers to Stage 3(239)(13)(531)(255)770 268 Transfers from Stage 3 12 7 6 3 (18)(10)Business activity in the period 1,290 25 97 25 2 1 1,389 51 Refinements to models used for calculation2 (20)(20)Net drawdowns,re

247、payments,net re-measurement and movement due to exposure and risk parameter changes(1,128)(360)67 571 (152)424 (1,213)635 Final repayments(124)(15)(38)(41)(12)(13)(174)(69)Disposals3 (91)(56)(91)(56)Write-offs (424)(424)(424)(424)As at 30 June 2023 29,351 474 6,298 1,551 1,455 1,125 37,104 3,150.1Bu

248、siness activity in the period reported within Retail mortgages includes an acquisition of Kensington Mortgage Company in UK Mortgages of 2.4bn.2Refinements to models used for calculation reported within Retail credit cards include a 20m movement in US cards.These reflect model enhancements made duri

249、ng the year.Barclays continually reviews the output of models to determine accuracy of the ECL calculation including review of model monitoring,external benchmarking and experience of model operation over an extended period of time.This helps to ensure that the models used continue to reflect the ri

250、sks inherent across the businesses.3The 91m disposals reported within Retail credit cards relates to debt sales undertaken during the year.Credit RiskBarclays PLC31Loans and advances at amortised costStage 1Stage 2Stage 3TotalGross exposureECLGross exposureECLGross exposureECLGross exposureECLRetail

251、 othermmmmmmmmAs at 1 January 202313,4701001,46816672030815,658574Transfers from Stage 1 to Stage 2(890)(12)89012Transfers from Stage 2 to Stage 139230(392)(30)Transfers to Stage 3(86)(3)(107)(35)19338Transfers from Stage 3102114(21)(6)Business activity in the period2,48116538952,54329Refinements to

252、 models used for calculationNet drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes(3,350)(47)(187)50(151)27(3,688)30Final repayments(1,350)(5)(106)(4)(75)(17)(1,531)(26)Disposals1(98)(52)(98)(52)Write-offs(57)(57)(57)(57)As at 30 June 202310,677811,630171

253、52024612,827498Corporate loansAs at 1 January 2023107,30946116,8264242,567542126,7021,427Transfers from Stage 1 to Stage 2(5,875)(31)5,87531Transfers from Stage 2 to Stage 16,10299(6,102)(99)Transfers to Stage 3(370)(3)(584)(22)95425Transfers from Stage 3109819512(304)(20)Business activity in the pe

254、riod11,28124355141231711,75955Refinements to models used for calculation2(49)14293Net drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes31,521(105)(1,422)(93)(379)225(280)27Final repayments(13,690)(69)(727)(22)(157)(13)(14,574)(104)Disposals1(110)(95)(110

255、)(95)Write-offs(92)(92)(92)(92)As at 30 June 2023106,38733514,4163872,602589123,4051,3111The 98m disposals reported within Retail other includes 64m part sale of Wealth portfolio in Italy and 34m relates to debt sales undertaken during the year.The 110m disposals reported within Corporate loans rela

256、tes to debt sales undertaken during the year.2Refinements to models used for calculation reported within Corporate loans include a 93m movement in Corporate and Investment Bank.These reflect model enhancements made during the year.Barclays continually reviews the output of models to determine accura

257、cy of the ECL calculation including review of model monitoring,external benchmarking and experience of model operation over an extended period of time.This helps to ensure that the models used continue to reflect the risks inherent across the businesses.3Net drawdowns,repayments,net re-measurement a

258、nd movements due to exposure and risk parameter changes reported within Corporate loans also include assets of 0.5bn de-recognised due to payment received on defaulted loans from government guarantees issued under governments Bounce Back Loan Scheme.Credit RiskBarclays PLC32Loans and advances at amo

259、rtised costStage 1Stage 2Stage 3TotalGross exposureECLGross exposureECLGross exposureECLGross exposureECLDebt securities and othermmmmmmmmAs at 1 January 202346,30693,79733550,10842Transfers from Stage 1 to Stage 2(260)260Transfers from Stage 2 to Stage 11182(118)(2)Transfers to Stage 3Transfers fro

260、m Stage 3Business activity in the period15,43531402215,5775Refinements to models used for calculationNet drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes(2,087)9(82)3(2,169)12Final repayments(5,136)(168)(2)(5)(5,309)(2)DisposalsWrite-offsAs at 30 June 2

261、02354,376233,82934258,20757Reconciliation of ECL movement to impairment charge/(release)for the periodStage 1Stage 2Stage 3TotalmmmmRetail mortgages 12 31 5 48Retail credit cards 16 (69)650 597 Retail other(19)5 47 33 Corporate loans(126)(37)234 71 Debt securities and other 14 1 15 ECL movement excl

262、uding assets derecognised due to disposals and write-offs1(103)(69)936 764 ECL movement on loan commitments and other financial guarantees(45)(7)18 (34)ECL movement on other financial assets 8 3 (9)2 Recoveries and reimbursements2 62 (29)(51)(18)Total exchange and other adjustments 182 Total income

263、statement charge for the period 896 1 In H123,gross write-offs amounted to 583m(H122:768m).Post write-off recoveries amounted to 21m(H122:36m).Net write-offs represent gross write-offs less post write-off recoveries and amounted to 562m(H122:732m).2Recoveries and reimbursements includes a net reduct

264、ion of 3m(H122 gain:11m)in amounts expected to be received under the arrangement where Group has entered into financial guarantee contracts which provide credit protection over certain loan assets with third parties;cash recoveries of previously written off amounts is 21m(H122:36m).Credit RiskBarcla

265、ys PLC33Loan commitments and financial guaranteesStage 1Stage 2Stage 3TotalGrossexposureECLGrossexposureECLGrossexposureECLGrossexposureECLRetail mortgagesmmmmmmmmAs at 1 January 202311,714450612,170Net transfers between stages(22)202Business activity in the period6,0196,019Net drawdowns,repayments,

266、net re-measurement and movement due to exposure and risk parameter changes(7,423)18(4)(7,409)Limit management and final repayments(190)(21)(211)As at 30 June 202310,098467410,569Retail credit cardsAs at 1 January 2023144,957505,43583228150,620133Net transfers between stages(358)36293(36)65Business a

267、ctivity in the period10,13671076110,24413Net drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes(6,446)(34)(646)76(36)(7,128)42Limit management and final repayments(7,696)(5)(331)(20)(37)(8,064)(25)As at 30 June 2023140,593544,858109221145,672163Retail oth

268、erAs at 1 January 202310,42755208011,0275Net transfers between stages(92)6725Business activity in the period65522659Net drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes(1,209)3(44)(48)(1,301)3Limit management and final repayments(420)(10)(430)As at 30 J

269、une 20239,3618535599,9558Corporate loansAs at 1 January 2023205,68419024,28923286623230,839445Net transfers between stages74718(898)(19)1511Business activity in the period22,77175448123,31615Net drawdowns,repayments,net re-measurement and movement due to exposure and risk parameter changes1,977(26)5

270、94(3)184192,755(10)Limit management and final repayments(26,568)(51)(1,752)(19)(224)(2)(28,544)(72)As at 30 June 2023204,61113822,77719997841228,366378Debt securities and otherAs at 1 January 2023163163Net transfers between stagesBusiness activity in the period1414Net drawdowns,repayments,net re-mea

271、surement and movement due to exposure and risk parameter changes(1)(1)Limit management and final repaymentsAs at 30 June 2023176176Credit RiskBarclays PLC34Management adjustments to models for impairmentManagement adjustments to impairment models are applied in order to factor in certain conditions

272、or changes in policy that are not fully incorporated into the impairment models,or to reflect additional facts and circumstances at the period end.Management adjustments are reviewed and incorporated into future model development where applicable.Management adjustments are captured through“Economic

273、uncertainty”and“Other”adjustments,and are presented by product below:Management adjustments to models for impairment allowance presented by product1Impairment allowance pre management adjustments2Economic uncertainty adjustmentsOther adjustmentsManagement adjustmentsTotal impairment allowance3Propor

274、tion of Management adjustments to total impairment allowance(a)(b)(a+b)As at 30 June 2023mmmmm%Retail mortgages4162211613855424.9Retail credit cards3,122143481913,3135.8Retail other45384553506 10.5 Corporate loans1,441981502481,689 14.7 Debt securities and other5757Total5,4892713596306,11910.3As at

275、31 December 2022mmmmm%Retail mortgages4274858951617.2Retail credit cards2,98693871803,1665.7Retail other455259912457921.4Corporate loans1,740195(63)1321,8727.1Debt securities and other4242Total5,6503172085256,1758.5Economic uncertainty adjustments presented by stageStage 1Stage 2Stage 3TotalAs at 30

276、 June 2023mmmmRetail mortgages514322Retail credit cards27116143Retail other358Corporate loans7714798Debt securities and otherTotal11214910271As at 31 December 2022mmmmRetail mortgages134Retail credit cards177693Retail other717125Corporate loans18114195Debt securities and otherTotal20611013171Positiv

277、e values reflect an increase in impairment allowance and negative values reflect a reduction in the impairment allowance.2Includes 4.7bn(FY22:4.8bn)of modelled ECL,0.4bn(FY22:0.4bn)of individually assessed impairments and 0.4bn(FY22:0.5bn)ECL from non-modelled exposures.3Total impairment allowance c

278、onsists of ECL stock on drawn and undrawn exposure.Credit RiskBarclays PLC35Economic uncertainty adjustmentsModels have been developed with data from non-inflationary periods establishing a relationship between input variables and customer delinquency based on past behaviour.Additionally,models are

279、trying to interpret significant rates of change in macroeconomic variables and applying these to stable probability of default(PD)levels.As such there is a risk that the modelled output fails to capture the appropriate response to changes in macroeconomic variables including higher interest rates an

280、d continuing inflationary stress with modelled impairment provisions impacted by uncertainty.This uncertainty continues to be captured in two ways.Firstly,customer uncertainty:the identification of customers and clients who may be more vulnerable to economic instability;and secondly,model uncertaint

281、y:to capture the impact from model limitations and sensitivities to specific macroeconomic parameters which are applied at a portfolio level.Economic uncertainty adjustments have decreased from last year,informed by retirement of all legacy Corporate and Investment Bank(CIB)adjustments following the

282、 rebuild of certain CIB models in order to better capture the macroeconomic outlook.Furthermore,adjustments have been re-sized to capture affordability headwinds in UK retail lending considered not adequately captured in modelled outcomes.The balance as at H123 is 271m(FY22:317m)and includes:Custome

283、r and client uncertainty provisions of 221m(FY22:423m)includes:Retail mortgages:22m(FY22:4m)includes an adjustment applied to customers considered most vulnerable to affordability pressures.The increase is primarily driven by an adjustment introduced to reflect the risk of borrowers refinancing onto

284、 higher rates in the medium term.Retail credit cards:93m(FY22:93m)and Retail other:8m(FY22:25m)includes an adjustment applied to customers considered most vulnerable to affordability pressures.This adjustment is predominantly held in Stage 2 in line with customer risk profiles.Reduction within Retai

285、l other is primarily driven by re-scoping for customers remaining resilient to affordability headwinds.Corporate loans:98m(FY22:301m)includes an adjustment of 86m to reflect possible cross default risk on Barclays lending in respect of clients who have taken bounce back loans and 12m for SME exposur

286、es considered most at risk from inflationary concerns,supply chain constraints and consumer demand headwinds.The reduction of(203)m is primarily informed by retirement of adjustment for high risk sectors following a granular credit risk assessment for qualifying exposures,and re-build of certain CIB

287、 models which more appropriately capture downside risk.Model uncertainty provisions of 50m(FY22:(106)m)includes:Retail credit cards:50m(FY22:nil)includes an adjustment to reflect recent changes to certain macroeconomic variables to more appropriately capture the provision impact.Previously held adju

288、stment of(106)m within Corporate loans to correct for model oversensitivity has been retired following the re-build of certain CIB models which more appropriately capture the macroeconomic outlook.Other adjustmentsOther adjustments are operational in nature and are expected to remain in place until

289、they can be reflected in the underlying models.These adjustments result from data limitations and model performance related issues identified through model monitoring and other established governance processes.Other adjustments of 359m(FY22:208m)includes:Retail mortgages:116m(FY22:85m)primarily incl

290、ude adjustments informed by model monitoring and an adjustment for the definition of default under the Capital Requirements Regulation.The increase is predominantly driven by resizing of model monitoring adjustments.Retail credit cards:48m(FY22:87m)primarily includes an adjustment in the UK for the

291、definition of default under the Capital Requirements Regulation,and an adjustment in the US to the qualitative measures for high-risk account management(HRAM)accounts;partially offset by model monitoring adjustments.The reduction is primarily driven by an adjustment made during the year in the US to

292、 limit ECL sensitivity to certain macroeconomic variables partially offset by an adjustment in the UK for recalibration of Loss Given Default(LGD)to reflect revised recovery expectations.Retail other:45m(FY22:99m)primarily includes an adjustment for the definition of default under the Capital Requir

293、ements Regulation and adjustments informed by model monitoring.The reduction is primarily driven by operational model adjustments made during the year within Private Banking and Wealth Management.Corporate loans:150m(FY22:(63)m)primarily include adjustments within SME informed by model monitoring an

294、d definition of default under the Capital Requirements Regulation.Movement of 213m within Corporate loans is primarily driven by the retirement of all CIB legacy adjustments.Management adjustments held in 2022 primarily comprised of an adjustment to limit ECL sensitivity to the macroeconomic variabl

295、e for Federal Tax Receipts and model monitoring adjustments,which is no longer needed following the re-build of certain CIB models.Credit RiskBarclays PLC36Measurement uncertaintyScenarios used to calculate the Groups ECL charge were refreshed in Q223 with the Baseline scenario reflecting the latest

296、 consensus macroeconomic forecasts available at the time of the scenario refresh.In the Baseline scenario,although the outlook in major economies has improved somewhat(since Q422),the full effect of the inflation shock and rising rates is lagged and so contributes to a further squeeze of household f

297、inances over the coming quarters,posing downside risks to GDP.UK and US unemployment rates increase only gradually in the coming quarters,peaking at 4.5%in Q424 and 4.7%in Q224 respectively.Central banks continue raising interest rates,with both the UK bank rate and the US federal funds rate peaking

298、 at 5.25%during 2023.The Downside 2 scenario is broadly aligned to the previous scenario refresh.Inflation rates rise again as energy prices suddenly surge again amid renewed geopolitical risks.Inflation becomes entrenched and inflation expectations go up,contributing to higher pressure on wage grow

299、th.Central banks are forced to raise interest rates sharply with the UK bank rate reaching 8%and the US federal funds rate peaking at 7%.Weakened businesses lay off workers and consumers stop spending exacerbating the downward stress.Unemployment peaks at 8.5%in the UK and 9.8%in the US.Given alread

300、y stretched valuations,the sharp increase in borrowing costs sees house prices decrease significantly.In the Upside scenarios,lower energy prices add downward pressure on prices globally,while recovering labour force participation limits wage growth.As a result of easing inflation,central banks lowe

301、r interest rates to support the economic recovery.The methodology for estimating scenario probability weights involves simulating a range of future paths for UK and US GDP using historical data with the five scenarios mapped against the distribution of these future paths.The median is centred around

302、 the Baseline with scenarios further from the Baseline attracting a lower weighting before the five weights are normalised to total 100%.The decrease in the Downside weightings and the increase in the Upside weightings reflected the improving economic outlook which moved the Baseline UK/US GDP paths

303、 closer to the Upside scenarios.For further details see page 39.The economic uncertainty adjustments of 0.3bn(2022:0.3bn)have been applied as overlays to the modelled ECL output.These adjustments consist of a customer and client uncertainty provision of 0.2bn(2022:0.4bn)which has been applied to cus

304、tomers and clients considered most vulnerable to affordability pressures,and a model uncertainty adjustment of 0.1bn(2022:(0.1)bn).For further details see page 36.The following tables show the key macroeconomic variables used in the five scenarios(5 year annual paths)and the probability weights appl

305、ied to each scenario.Credit RiskBarclays PLC37Macroeconomic variables used in the calculation of ECLAs at 30.06.2320232024202520262027Baseline%UK GDP10.30.91.61.81.9UK unemployment24.14.44.24.24.2UK HPI3(6.1)(1.3)2.04.35.7UK bank rate4.84.63.93.83.5US GDP11.10.72.02.02.0US unemployment43.84.64.64.64

306、.6US HPI5(0.7)3.62.42.72.7US federal funds rate5.03.73.02.83.0Downside 2UK GDP1(0.5)(5.0)(0.4)2.51.9UK unemployment24.47.88.37.77.1UK HPI3(10.2)(20.5)(17.7)5.68.2UK bank rate5.58.07.36.14.8US GDP10.5(4.8)(0.3)2.82.1US unemployment44.58.79.68.57.0US HPI5(1.8)(3.7)(4.2)2.64.8US federal funds rate5.77.

307、06.55.14.2Downside 1UK GDP1(0.1)(2.1)0.62.21.9UK unemployment24.26.16.25.95.6UK HPI3(8.1)(11.3)(8.2)5.07.0UK bank rate5.26.15.64.84.1US GDP10.8(2.0)0.82.42.0US unemployment44.16.77.16.55.8US HPI5(1.2)(0.1)(0.9)2.73.8US federal funds rate5.24.94.54.33.8Upside 2UK GDP11.24.13.22.62.3UK unemployment23.

308、93.63.53.63.6UK HPI30.410.64.84.23.8UK bank rate4.43.32.52.52.5US GDP12.23.93.02.82.8US unemployment43.43.53.63.63.6US HPI52.55.54.64.54.5US federal funds rate4.73.22.22.02.0Upside 1UK GDP10.82.52.42.22.1UK unemployment24.04.03.93.93.9UK HPI3(2.9)4.53.44.34.7UK bank rate4.64.03.13.03.0US GDP11.62.32

309、.52.42.4US unemployment43.64.14.14.14.1US HPI50.94.63.53.63.6US federal funds rate4.83.42.62.52.51Average Real GDP seasonally adjusted change in year.2Average UK unemployment rate 16-year+.3Change in year end UK HPI=Halifax All Houses,All Buyers index,relative to prior year end.4Average US civilian

310、unemployment rate 16-year+.5Change in year end US HPI=FHFA House Price Index,relative to prior year end.Credit RiskBarclays PLC38Macroeconomic variables used in the calculation of ECLAs at 31.12.2220222023202420252026Baseline%UK GDP13.3(0.8)0.91.81.9UK unemployment23.74.54.44.14.2UK HPI38.4(4.7)(1.7

311、)2.22.2UK bank rate1.84.44.13.83.4US GDP11.80.51.21.51.5US unemployment43.74.34.74.74.7US HPI511.21.81.52.32.4US federal funds rate2.14.83.63.13.0Downside 2UK GDP13.3(3.4)(3.8)2.02.3UK unemployment23.76.08.48.07.4UK HPI38.4(18.3)(18.8)(7.7)8.2UK bank rate1.87.37.96.65.5US GDP11.8(2.7)(3.4)2.02.6US u

312、nemployment43.76.08.58.17.1US HPI511.2(3.1)(4.0)(1.9)4.8US federal funds rate2.16.66.95.84.6Downside 1UK GDP13.3(2.1)(1.5)1.92.1UK unemployment23.75.26.46.05.8UK HPI38.4(11.7)(10.6)(2.8)5.2UK bank rate1.85.96.15.34.6US GDP11.8(1.1)(1.1)1.72.1US unemployment43.75.16.66.45.9US HPI511.2(0.7)(1.3)0.23.6

313、US federal funds rate2.15.85.44.43.9Upside 2UK GDP13.32.83.72.92.4UK unemployment23.73.53.43.43.4UK HPI38.48.77.54.44.2UK bank rate1.83.12.62.52.5US GDP11.83.33.52.82.8US unemployment43.73.33.33.33.3US HPI511.25.85.14.54.5US federal funds rate2.13.62.92.82.8Upside 1UK GDP13.31.02.32.42.1UK unemploym

314、ent23.74.03.93.83.8UK HPI38.41.82.93.33.2UK bank rate1.83.53.33.02.8US GDP11.81.92.32.22.2US unemployment43.73.84.04.04.0US HPI511.23.83.33.43.4US federal funds rate2.13.93.43.03.01Average Real GDP seasonally adjusted change in year.2Average UK unemployment rate 16-year+.3Change in year end UK HPI=H

315、alifax All Houses,All Buyers index,relative to prior year end.4Average US civilian unemployment rate 16-year+.5Change in year end US HPI=FHFA House Price Index,relative to prior year end.Scenario probability weightingUpside 2Upside 1BaselineDownside 1Downside 2%As at 30.06.23Scenario probability wei

316、ghting 13.0 24.7 40.2 15.2 6.9 As at 31.12.22Scenario probability weighting 10.9 23.1 39.4 17.6 9.0 Credit RiskBarclays PLC39Specific bases show the most extreme position of each variable in the context of the downside/upside scenarios,for example,the highest unemployment for downside scenarios,aver

317、age unemployment for baseline scenarios and lowest unemployment for upside scenarios.GDP and HPI downside and upside scenario data represents the lowest and highest cumulative position relative to the start point,in the 20 quarter period.Macroeconomic variables(specific bases)1Upside 2Upside 1Baseli

318、neDownside 1Downside 2As at 30.06.23%UK GDP215.111.21.3(2.7)(6.9)UK unemployment33.53.94.26.58.5UK HPI425.814.60.8(25.2)(41.5)UK bank rate2.53.04.16.38.0US GDP215.911.91.6(2.3)(6.2)US unemployment33.33.54.47.29.8US HPI423.617.22.1(2.3)(10.1)US federal funds rate2.02.53.55.37.0As at 31.12.22%UK GDP21

319、3.99.41.4(3.2)(6.8)UK unemployment33.43.64.26.68.5UK HPI437.821.01.2(17.9)(35.0)UK bank rate0.50.53.56.38.0US GDP214.19.61.3(2.5)(6.3)US unemployment33.33.64.46.78.6US HPI435.027.53.83.70.2US federal funds rate0.10.13.36.07.01UK GDP=Real GDP growth seasonally adjusted;UK unemployment=UK unemployment

320、 rate 16-year+;UK HI=Halifax All Houses,All Buyers Index;US GDP=Real GDP growth seasonally adjusted;US unemployment=US civilian unemployment rate 16-year+;US HPI=FHFA House Price Index.20 quarter period starts from Q123(2022:Q122).2Maximum growth relative to Q422(2022:Q421),based on 20 quarter perio

321、d in Upside scenarios;5-year yearly average CAGR in Baseline;minimum growth relative to Q422(2022:Q421),based on 20 quarter period in Downside scenarios.3Lowest quarter in 20 quarter period in Upside scenarios;5-year average in Baseline;highest quarter 20 quarter period in Downside scenarios.4Maximu

322、m growth relative to Q422(2022:Q421),based on 20 quarter period in Upside scenarios;5-year quarter end CAGR in Baseline;minimum growth relative to Q422(2022:Q421),based on 20 quarter period in Downside scenarios.Average basis represents the average quarterly value of variables in the 20 quarter peri

323、od with GDP and HPI based on yearly average and quarterly CAGRs respectively.Macroeconomic variables(5-year averages)1Upside 2Upside 1BaselineDownside 1Downside 2As at 30.06.23%UK GDP22.72.01.30.5(0.3)UK unemployment33.63.94.25.67.0UK HPI44.72.80.8(3.4)(7.6)UK bank rate3.03.64.15.26.4US GDP22.92.31.

324、60.8US unemployment33.54.04.46.07.6US HPI44.33.22.10.8(0.5)US federal funds rate2.83.23.54.55.7As at 31.12.22%UK GDP23.02.21.40.7UK unemployment33.53.84.25.46.7UK HPI46.63.91.2(2.6)(6.4)UK bank rate2.52.93.54.75.8US GDP22.92.11.30.7US unemployment33.43.94.45.56.7US HPI46.25.03.82.51.2US federal fund

325、s rate2.83.13.34.35.21UK GDP=Real GDP growth seasonally adjusted;UK unemployment=UK unemployment rate 16-year+;UK HPI=Halifax All Houses,All Buyers Index;US GDP=Real GDP growth seasonally adjusted;US unemployment=US civilian unemployment rate 16-year+;US HPI=FHFA House Price Index.25-year yearly ave

326、rage CAGR,starting 2022(2022:2021).35-year average.Period based on 20 quarters from Q123(2022:Q122).45-year quarter end CAGR,starting Q422(2022:Q421).Credit RiskBarclays PLC40ECL under 100%weighted scenarios for modelled portfoliosThe table below shows the modelled ECL assuming each of the five mode

327、lled scenarios are 100%weighted with the dispersion of results around the Baseline,highlighting the impact on exposure and ECL across the scenarios.Model exposure uses exposure at default(EAD)values and is not directly comparable to gross exposure used in prior disclosures.ScenariosAs at 30 June 202

328、3Weighted1Upside 2Upside 1Baseline Downside 1 Downside 2Stage 1 Model Exposure(m)Retail mortgages 149,626 151,300 150,889 150,274 147,210 141,860 Retail credit cards2 66,280 66,587 66,408 66,240 66,101 65,834 Retail other2 11,479 11,654 11,573 11,482 11,307 11,146 Corporate loans2 146,763 152,688 15

329、0,797 147,814 142,071 127,549 Debt securities and other3 28,515 28,693 28,673 28,515 28,503 28,226 Stage 1 Model ECL(m)Retail mortgages 10 3 4 5 18 49 Retail credit cards 495 483 489 495 505 515 Retail other 52 47 50 51 55 60 Corporate loans 278 234 257 275 300 303 Debt securities and other 21 18 19

330、 21 23 26 Stage 1 Coverage(%)Retail mortgages Retail credit cards 0.7 0.7 0.7 0.7 0.8 0.8 Retail other 0.5 0.4 0.4 0.4 0.5 0.5 Corporate loans 0.2 0.2 0.2 0.2 0.2 0.2 Debt securities and other 0.1 0.1 0.1 0.1 0.1 0.1 Stage 2 Model Exposure(m)Retail mortgages 18,147 16,473 16,884 17,499 20,563 25,913

331、 Retail credit cards2 7,471 6,748 7,090 7,424 8,170 9,066 Retail other2 1,699 1,512 1,597 1,690 1,891 2,078 Corporate loans2 26,584 20,495 22,449 25,555 31,422 46,128 Debt securities and other3 2,629 2,451 2,471 2,629 2,641 2,918 Stage 2 Model ECL(m)Retail mortgages 40 18 21 24 62 300 Retail credit

332、cards 1,559 1,376 1,456 1,541 1,757 2,023 Retail other 137 115 126 135 162 185 Corporate loans 558 368 427 521 805 1,401 Debt securities and other 35 28 31 34 41 56 Stage 2 Coverage(%)Retail mortgages 0.2 0.1 0.1 0.1 0.3 1.2 Retail credit cards 20.9 20.4 20.5 20.8 21.5 22.3 Retail other 8.1 7.6 7.9

333、8.0 8.6 8.9 Corporate loans 2.1 1.8 1.9 2.0 2.6 3.0 Debt securities and other 1.3 1.1 1.3 1.3 1.6 1.9 Stage 3 Model Exposure(m)4Retail mortgages 1,580 1,580 1,580 1,580 1,580 1,580 Retail credit cards 1,497 1,497 1,497 1,497 1,497 1,497 Retail other 219 219 219 219 219 219 Corporate loans 3,193 3,193 3,193 3,193 3,193 3,193 Debt securities and other3 Stage 3 Model ECL(m)Retail mortgages 329 303 30