TIDMBARC

RNS Number : 7355P

Barclays PLC

21 October 2021

Barclays PLC

Q3 2021 Results Announcement

30 September 2021

Performance Highlights

The Group's diversified business model delivered a record Group profit before tax of GBP6.9bn (Q320 YTD: GBP2.4bn), a return on tangible equity (RoTE) of 14.9% (Q320 YTD: 3.6%) and earnings per share (EPS) of 30.8p (Q320 YTD: 7.6p)

 
James E Staley, Chief Executive Officer, commented 
 "On top of a good first half, a strong third quarter performance means Barclays has delivered 
 its highest Q3 YTD pre-tax profit on record in 2021, demonstrating the benefits of our diversified 
 business model. We continue to support our customers and clients through the COVID-19 pandemic, 
 have achieved a double-digit RoTE in every quarter year to date, and expect to deliver a full 
 year RoTE above 10%. While the CIB performance continues to be an area of strength for the 
 Group, we are also seeing evidence of a consumer recovery and the early signs of a more favourable 
 rate environment. Against that backdrop, we are focused on balancing cost efficiencies with 
 further investment into high-returning growth opportunities. Our CET1 ratio of 15.4% means 
 we are also in a strong position to balance this growth with a key priority of returning excess 
 capital to shareholders." 
 

Key financial metrics:

 
             Income    Cost: income ratio  Profit before tax  RoTE    EPS    CET1 
                                                                             ratio 
           ----------  ------------------  -----------------  -----  ----- 
Q321 YTD   GBP16.8bn          64%              GBP6.9bn       14.9%  30.8p  15.4% 
Q321        GBP5.5bn          64%              GBP2.0bn       11.9%  8.5p 
---------  ----------  ------------------  -----------------  -----  ----- 
 

Performance highlights:

 
 --   Strong Corporate and Investment Bank (CIB) performance: Investment 
       Banking fees and Equities income had their best Q3 YTD on a comparable 
       basis(1) driving a CIB RoTE of 16.4% (Q320 YTD:10.5%) 
 --   Ongoing consumer recovery and well positioned for a rising rate 
       environment: continue to experience strong UK mortgage and deposit 
       volumes. Although yet to translate into meaningful unsecured balance 
       growth, positive trends in UK and US consumer spending and in payments 
       volumes have been observed following easing of lockdown restrictions 
 --   Investing for growth: reinvesting efficiency savings to drive 
       income growth. Excluding structural cost actions and performance 
       costs, Group total operating expenses were flat 
 --   Net credit impairment release: GBP0.6bn Q321 YTD release driven 
       by an improved macroeconomic outlook and benign credit performance 
 --   Strong capital: Common equity tier 1 (CET1) ratio of 15.4%, above 
       the target range of 13-14% 
 

Summary outlook:

 
 --   Returns: expect to deliver a RoTE above 10% in 2021 
 --   Impairment: the impairment run rate is expected to remain below 
       historical levels in coming quarters 
 --   Costs: excluding structural cost actions and performance costs, 
       FY21 costs are expected to be c.GBP12bn(2) . The Group is evaluating 
       planned structural cost actions for Q421 
 --   Capital: the CET1 ratio is expected to remain above the target 
       range of 13-14% at 31 December 2021 
 --   Capital returns: maintaining a progressive ordinary dividend policy 
       and additional cash returns, including share buybacks, as appropriate 
 
 
 1   Period covering Q114 - Q321. Pre 2014 financials were not restated 
      following re-segmentation in Q116. 
 2   Group cost outlook is based on an average rate of 1.38 (USD/GBP) 
      in H221 and subject to foreign currency movements. 
 
 
Barclays Group results 
 for the nine months ended 
                                                        30.09.21        30.09.20 
                                                            GBPm            GBPm        % Change 
Net interest income                                        5,843           6,278             (7) 
Net fee, commission and other income                      10,937          10,547               4 
================================================  ==============  ==============  ============== 
Total income                                              16,780          16,825               - 
Credit impairment releases/(charges)                         622         (4,346) 
================================================  ==============  ==============  ============== 
Net operating income                                      17,402          12,479              39 
Operating expenses                                      (10,578)         (9,954)             (6) 
Litigation and conduct                                     (131)           (106)            (24) 
================================================  ==============  ==============  ============== 
Total operating expenses                                (10,709)        (10,060)             (6) 
Other net income                                             247               - 
================================================  ==============  ==============  ============== 
Profit before tax                                          6,940           2,419 
Tax charge                                               (1,076)           (441) 
================================================  ==============  ==============  ============== 
Profit after tax                                           5,864           1,978 
Non-controlling interests                                   (20)            (41)              51 
Other equity instrument holders                            (586)           (631)               7 
================================================  ==============  ==============  ============== 
Attributable profit                                        5,258           1,306 
 
Performance measures 
================================================  ==============  ==============  ============== 
Return on average tangible shareholders' equity            14.9%            3.6% 
Average tangible shareholders' equity (GBPbn)               47.1            48.5 
Cost: income ratio                                           64%             60% 
Loan loss rate (bps)                                           -             164 
Basic earnings per share                                   30.8p            7.6p 
Basic weighted average number of shares (m)               17,062          17,298             (1) 
Period end number of shares (m)                           16,851          17,353             (3) 
 
                                                  As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet and capital management(1)                    GBPbn           GBPbn           GBPbn 
================================================  ==============  ==============  ============== 
Loans and advances at amortised cost                       353.0           342.6           344.4 
Loans and advances at amortised cost impairment 
 coverage ratio                                             1.7%            2.4%            2.5% 
Deposits at amortised cost                                 510.2           481.0           494.6 
Tangible net asset value per share                          287p            269p            275p 
Common equity tier 1 ratio                                 15.4%           15.1%           14.6% 
Common equity tier 1 capital                                47.3            46.3            45.5 
Risk weighted assets                                       307.5           306.2           310.7 
Average UK leverage ratio                                   4.9%            5.0%            5.1% 
UK leverage ratio                                           5.1%            5.3%            5.2% 
 
Funding and liquidity 
================================================  ==============  ==============  ============== 
Group liquidity pool (GBPbn)                                 293             266             327 
Liquidity coverage ratio                                    161%            162%            181% 
Loan: deposit ratio                                          69%             71%             70% 
 
 
 1   Refer to pages 27 to 33 for further information on how capital, 
      Risk Weighted Assets (RWAs) and leverage are calculated. 
 

Group Finance Director's Review

Group performance(1)

 
 --   The Group's diversified business model enabled Barclays to deliver 
       a record profit before tax of GBP6,940m (Q320 YTD: GBP2,419m), 
       RoTE of 14.9% (Q320 YTD: 3.6%) and EPS of 30.8p (Q320 YTD: 7.6p) 
 --   Total income was stable at GBP16,780m (Q320 YTD: GBP16,825m). Barclays 
       UK income increased 2%. Barclays International income decreased 
       2%, with CIB income down 1% and Consumer, Cards and Payments (CC&P) 
       income down 6%. Excluding the impact of the 9% depreciation of 
       average USD against GBP, total income was up, reflecting the Group's 
       diversified income streams 
 --   Credit impairment net release of GBP622m (Q320 YTD: GBP4,346m charge). 
       The net release included a reversal of GBP1.1bn in non-default 
       charges, primarily reflecting the improved macroeconomic outlook. 
       Excluding this reversal, the charge was GBP0.5bn, reflecting reduced 
       unsecured lending balances and low delinquency. Management judgements 
       have been maintained in the quarter in respect of customers and 
       clients considered to be potentially more vulnerable as government 
       and other support schemes have started to reduce. The reduction 
       in unsecured lending balances and growth in secured balances have 
       contributed to a decrease in the Group's loan coverage ratio to 
       1.7% (December 2020: 2.4%). Loan coverage ratios in unsecured and 
       wholesale loan portfolios remained elevated compared to pre-COVID-19 
       pandemic levels 
 --   Total operating expenses increased 6% to GBP10,709m, due to structural 
       cost actions of GBP392m primarily relating to the real estate review 
       in Q221, higher performance costs that reflect improved returns, 
       and continued investment and business growth, partially offset 
       by the benefit from the depreciation of average USD against GBP 
       and efficiency savings. This resulted in a cost: income ratio of 
       64% (Q320 YTD: 60%) 
 --   The effective tax rate was 15.5% (Q320 YTD: 18.2%). This reflects 
       a GBP402m tax benefit recognised for the re-measurement of the 
       Group's UK deferred tax assets (DTAs) as a result of the UK corporation 
       tax rate increase from 19% to 25% effective from 1 April 2023. 
       The UK Government is reviewing the additional 8% surcharge tax 
       that applies to banks' profits and if the conclusion of that review 
       is that the surcharge is reduced then the Group's UK DTAs would 
       be re-measured again and decreased, the exact timing of an enactment 
       of a reduction in the surcharge is uncertain but would be expected 
       to occur in H122 
 --   Attributable profit was GBP5,258m (Q320 YTD: GBP1,306m) 
 --   Following the completion of the GBP700m share buyback announced 
       with FY20 results and the ongoing GBP500m share buyback announced 
       with H121 results, the period end number of shares was 16,851m 
       (December 2020: 17,359m) 
 --   Total assets increased to GBP1,407bn (December 2020: GBP1,350bn) 
       primarily due to a GBP37bn increase in cash at central banks, a 
       GBP29bn increase in financial assets at fair value due to an increase 
       in secured lending, a GBP18bn increase in cash collateral and settlement 
       balances and a GBP17bn increase in trading portfolio assets due 
       to increased activity, partially offset by a GBP44bn decrease in 
       derivative assets driven by an increase in major interest rate 
       curves 
 --   Deposits at amortised cost increased GBP29bn to GBP510bn further 
       strengthening the Group's liquidity position and contributing to 
       a loan: deposit ratio of 69% (December 2020: 71%) 
 --   Tangible net asset value (TNAV) per share increased to 287p (December 
       2020: 269p) primarily reflecting 30.8p of EPS, partially offset 
       by negative reserve movements 
 

Barclays UK

 
 --   Profit before tax increased to GBP1,957m (Q320 YTD: GBP264m). RoTE 
       was 17.9% (Q320 YTD: 2.2%) reflecting materially lower credit impairment 
       charges 
 --   Total income increased 2% to GBP4,837m. Net interest income reduced 
       1% to GBP3,889m with a net interest margin (NIM) of 2.53% (Q320 
       YTD: 2.63%) as strong customer retention and improved margins in 
       mortgages was more than offset by lower unsecured lending balances. 
       Net fee, commission and other income increased 18% to GBP948m, 
       returning back towards pre-COVID-19 pandemic levels 
      -    Personal Banking income increased 10% to GBP2,900m, reflecting 
            strong growth in mortgages alongside improved margins, balance 
            growth in deposits and the non-recurrence of COVID-19 customer 
            support actions, partially offset by deposit margin compression 
            from lower interest rates and lower unsecured lending balances 
      -    Barclaycard Consumer UK income decreased 23% to GBP898m as reduced 
            borrowing and repayments by customers resulted in a lower level 
            of interest earning lending (IEL) balances 
      -    Business Banking income increased 12% to GBP1,039m due to lending 
            and deposit balance growth from GBP12.1bn of government scheme 
            lending and the non-recurrence of COVID-19 and related customer 
            support actions, partially offset by deposit margin compression 
            from lower interest rates 
 
 
 1   The 9% depreciation of average USD against GBP adversely impacted 
      income and profits and positively impacted total operating expenses. 
 

Barclays UK (continued)

 
 --   Credit impairment net release of GBP306m (Q320 YTD: GBP1,297m charge) 
       driven by an improved macroeconomic outlook and lower unsecured 
       lending balances due to customer repayments and lower delinquencies. 
       As at 30 September 2021, 30 and 90 day arrears rates in UK cards 
       were 1.0% (Q320: 1.7%) and 0.3% (Q320: 0.8%) respectively 
 --   Total operating expenses were stable at GBP3,187m (Q320 YTD: GBP3,172m) 
       reflecting investment spend and higher operational and customer 
       service costs primarily driven by increased volumes, offset by 
       efficiency savings 
 --   Loans and advances to customers at amortised cost increased 2% 
       to GBP208.6bn predominantly from GBP9.2bn of mortgage growth following 
       a strong flow of new applications as well as strong customer retention, 
       offset by a GBP2.3bn decrease in the Education, Social Housing 
       and Local Authority (ESHLA) portfolio carrying value as interest 
       rate yield curves have steepened, GBP1.7bn lower unsecured lending 
       balances and GBP0.5bn lower Business Banking balances as repayment 
       of government scheme lending takes effect 
 --   Customer deposits at amortised cost increased 7% to GBP256.8bn 
       reflecting an increase of GBP13.6bn and GBP2.8bn in Personal Banking 
       and Business Banking respectively, further strengthening the liquidity 
       position and contributing to a loan: deposit ratio of 86% (December 
       2020: 89%) 
 --   RWAs decreased to GBP73.2bn (December 2020: GBP73.7bn) as growth 
       in mortgages was more than offset by a reduction in unsecured lending 
       and the ESHLA portfolio 
 

Barclays International

 
 --   Profit before tax increased 97% to GBP5,500m with a RoTE of 16.4% 
       (Q320 YTD: 7.5%), reflecting a RoTE of 16.4% (Q320 YTD: 10.5%) 
       in CIB and 16.2% (Q320 YTD: (10.6)%) in CC&P 
 --   The 9% depreciation of average USD against GBP adversely impacted 
       income and profits and positively impacted total operating expenses 
 --   Total income decreased to GBP12,155m (Q320 YTD: GBP12,435m) 
      -                                    CIB income decreased 1% to GBP9,702m 
                                           -                                     Global Markets income decreased 14% 
                                                                                 to GBP5,368m as a strong 
                                                                                 performance in Equities, representing 
                                                                                 the best Q3 YTD on a 
                                                                                 comparable basis(1) , was more than 
                                                                                 offset by FICC. Equities 
                                                                                 income increased 28% to GBP2,466m 
                                                                                 driven by strong client activity 
                                                                                 in derivatives and increased client 
                                                                                 balances in financing. 
                                                                                 FICC income decreased 33% to 
                                                                                 GBP2,902m due to tighter spreads 
                                                                                 and the non-recurrence of prior year 
                                                                                 client activity levels 
                                           -                                     Investment Banking fees income, 
                                                                                 representing the best Q3 YTD 
                                                                                 on a comparable basis(1) , increased 
                                                                                 37% to GBP2,703m driven 
                                                                                 by a strong performance in Advisory 
                                                                                 and Equity capital markets 
                                                                                 reflecting an increase in the fee 
                                                                                 pool and an increased market 
                                                                                 share(2) 
                                           -                                     Within Corporate, Transaction banking 
                                                                                 income increased 1% to 
                                                                                 GBP1,219m as deposit balance growth 
                                                                                 was partially offset by 
                                                                                 margin compression. Corporate lending 
                                                                                 income increased 2% to 
                                                                                 GBP412m driven by the non-recurrence 
                                                                                 of losses on the mark-to-market 
                                                                                 of lending and related hedge 
                                                                                 positions, partially offset by 
                                                                                 a current year write-off on a single 
                                                                                 name 
      -                                    CC&P income decreased 6% to GBP2,453m 
                                           -                                     International Cards and Consumer Bank 
                                                                                 income decreased 17% 
                                                                                 to GBP1,540m reflecting lower cards 
                                                                                 balances 
                                           -                                     Private Bank income increased 9% to 
                                                                                 GBP581m, reflecting client 
                                                                                 balance growth and a gain on a 
                                                                                 property sale 
                                           -                                     Unified Payments income increased 60% 
                                                                                 to GBP332m driven by 
                                                                                 the non-recurrence of a c.GBP100m 
                                                                                 valuation loss on Barclays' 
                                                                                 preference shares in Visa Inc. in 
                                                                                 Q220 and merchant acquiring 
                                                                                 turnover growth following easing of 
                                                                                 lockdown restrictions 
 --   Credit impairment net release of GBP311m (Q320 YTD: GBP2,989m charge) 
       was driven by an improved macroeconomic outlook 
      -                                    CIB credit impairment net release of 
                                           GBP400m (Q320 YTD: GBP1,507m 
                                           charge) was supported by limited 
                                           single name wholesale loan charges 
      -                                    CC&P credit impairment charges of 
                                           GBP89m (Q320 YTD: GBP1,482m) 
                                           was partially driven by lower 
                                           delinquencies and higher customer 
                                           repayments. As at 30 September 2021, 
                                           30 and 90 day arrears in 
                                           US cards were 1.5% (Q320: 2.3%) and 
                                           0.7% (Q320: 1.1%) respectively 
 --   Total operating expenses increased 5% to GBP7,003m 
      -                                    CIB total operating expenses 
                                           increased 3% to GBP5,260m due to 
                                           higher performance costs that reflect 
                                           an improvement in returns 
      -                                    CC&P total operating expenses 
                                           increased 10% to GBP1,743m driven 
                                           by the impact of higher investment 
                                           spend, including marketing, 
                                           and customer remediation costs 
                                           related to a legacy portfolio 
 
 
 
 1   Period covering Q114 - Q321. Pre 2014 financials were not restated 
      following re-segmentation in Q116. 
 2   Data source: Dealogic for the period covering 1 January to 30 September 
      2021. 
 

Barclays International (continued)

 
 --   Total assets increased to GBP1,076bn (December 2020: GBP1,042bn) 
       primarily due to a GBP30bn increase in financial assets at fair 
       value, due to an increase in secured lending, a GBP18bn increase 
       in cash collateral and settlements balances, and a GBP17bn increase 
       in trading portfolio assets, due to increased activity, partially 
       offset by a GBP45bn decrease in derivative assets driven by an 
       increase in major interest rate curves 
 --   RWAs increased to GBP222.7bn (December 2020: GBP222.3bn) 
 

Head Office

 
 --   Loss before tax was GBP517m (Q320 YTD: GBP639m) 
 --   Total income was an expense of GBP212m (Q320 YTD: GBP331m), which 
       primarily reflected hedge accounting, funding costs on legacy capital 
       instruments and treasury items, partially offset by mark-to-market 
       gains on legacy investments and the recognition of dividends on 
       Barclays' stake in Absa Group Limited 
 --   Total operating expenses were GBP519m (Q320 YTD: GBP217m), which 
       included a charge of GBP266m relating to structural cost actions 
       taken as part of the real estate review in Q221, as well as costs 
       associated with the discontinued use of software assets 
 --   Other net income was GBP209m (Q320 YTD: GBP31m expense) driven 
       by a fair value gain in Barclays' associate investment holding 
       in the Business Growth Fund 
 

Group capital and leverage

 
 --   The CET1 ratio increased to 15.4% (December 2020: 15.1%) 
      -   CET1 capital increased by GBP1.0bn to GBP47.3bn (December 2020: 
           GBP46.3bn) as profit before tax of GBP6.9bn was partially offset 
           by the removal of temporary regulatory supporting measures introduced 
           in 2020, share buybacks, dividends and equity coupons paid and 
           foreseen and pensions deficit contribution payments. The GBP1.1bn 
           release of non-defaulted credit impairment was more than offset 
           by the related reduction in IFRS 9 transitional relief which 
           also decreased due to impairment migrations from Stage 2 to Stage 
           3 and the relief on the pre-2020 impairment charge reducing from 
           70% to 50% in 2021 
      -   RWAs increased GBP1.3bn to GBP307.5bn (December 2020: GBP306.2bn) 
           primarily due to a growth in mortgages within Barclays UK, partially 
           offset by lower consumer lending 
 --   The average UK leverage ratio decreased to 4.9% (December 2020: 
       5.0%). The average leverage exposure increased by GBP52.9bn to 
       GBP1,199.8bn (December 2020: GBP1,146.9bn) largely driven by an 
       increase in securities financing transactions (SFTs), potential 
       future exposure (PFE) on derivatives and trading portfolio assets 
       (TPAs) 
 

Group funding and liquidity

 
 --   The liquidity pool was GBP293bn (December 2020: GBP266bn) and the 
       liquidity coverage ratio remained significantly above the 100% 
       regulatory requirement at 161% (December 2020: 162%), equivalent 
       to a surplus of GBP107bn (December 2020: GBP99bn). The increase 
       in the pool is driven by deposit growth, borrowing from the Bank 
       of England's Term Funding Scheme with additional incentives for 
       SMEs and a seasonal increase in short-term wholesale funding, which 
       were partly offset by an increase in business funding consumption 
 --   Wholesale funding outstanding, excluding repurchase agreements, 
       was GBP165.2bn (December 2020: GBP145.0bn). The Group issued GBP8.2bn 
       equivalent of minimum requirement for own funds and eligible liabilities 
       (MREL) instruments from Barclays PLC (the Parent company) during 
       the year. The Group is well advanced in its MREL issuance plans 
       relative to the estimated 1 January 2022 requirement 
 

Capital distributions

 
 --   Barclays understands the importance of delivering attractive total 
       cash returns to shareholders. Barclays is therefore committed to 
       maintaining an appropriate balance between total cash returns to 
       shareholders, investment in the business and maintaining a strong 
       capital position. Barclays pays a progressive ordinary dividend, 
       taking into account these objectives and the earnings outlook of 
       the Group. The Board will also continue to supplement the ordinary 
       dividends with additional cash returns, including share buybacks, 
       to shareholders as appropriate 
 --   Barclays paid a half year dividend of 2.0p per share on 17 September 
       2021 and initiated the share buyback of up to GBP500m announced 
       with H121 results in August 2021, of which GBP279m was completed 
       as at 30 September 2021. This was in addition to the GBP700m share 
       buyback completed in April 2021 
 --   Dividends will continue to be paid semi-annually, with the half 
       year dividend expected to represent, under normal circumstances, 
       around one-third of the total dividend for the year 
 

Group outlook and targets

 
 --   Returns: expect to deliver a RoTE above 10% in 2021 
 --   Impairment: the impairment run rate is expected to remain below 
       historical levels in coming quarters given reduced unsecured lending 
       balances and the improved macroeconomic outlook, acknowledging 
       the continuing uncertainty 
 --   Costs: FY21 costs, excluding structural cost actions and performance 
       costs, are expected to be c.GBP12bn(1) . The Group will continue 
       to drive efficiencies in its franchises and is evaluating planned 
       structural cost actions in Q421, including in Barclays UK 
 --   Capital: the CET1 ratio is expected to remain above the target 
       range of 13-14% at 31 December 2021, given the uncertain economic 
       environment and known capital headwinds in 2022 of c.75bps, which 
       includes a c.40bps impact from the reversal of software amortisation 
       benefit from 1 January 2022 
 --   Capital returns: capital returns policy incorporates a progressive 
       ordinary dividend, supplemented by additional cash returns, including 
       share buybacks as appropriate. Dividends will continue to be paid 
       semi-annually, with the half year dividend expected to represent, 
       under normal circumstances, around one-third of the total dividend 
       for the year 
 

Barclays continues to target the following over the medium term:

 
 --   Returns: RoTE of greater than 10% 
 --   Cost efficiency: cost: income ratio below 60% 
 --   Capital adequacy: CET1 ratio in the range of 13-14% 
 

Tushar Morzaria, Group Finance Director

 
 1   Group cost outlook is based on an average rate of 1.38 (USD/GBP) 
      in H221 and subject to foreign currency movements 
 

Results by Business

 
Barclays UK                               Nine months     Nine months 
                                                ended           ended 
                                             30.09.21        30.09.20 
Income statement information                     GBPm            GBPm        % Change 
=====================================  ==============  ==============  ============== 
Net interest income                             3,889           3,917             (1) 
Net fee, commission and other income              948             804              18 
=====================================  ==============  ==============  ============== 
Total income                                    4,837           4,721               2 
Credit impairment releases/(charges)              306         (1,297) 
=====================================  ==============  ==============  ============== 
Net operating income                            5,143           3,424              50 
Operating expenses                            (3,155)         (3,136)             (1) 
Litigation and conduct                           (32)            (36)              11 
=====================================  ==============  ==============  ============== 
Total operating expenses                      (3,187)         (3,172)               - 
Other net income                                    1              12            (92) 
=====================================  ==============  ==============  ============== 
Profit before tax                               1,957             264 
Attributable profit                             1,336             165 
 
                                       As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet information                       GBPbn           GBPbn           GBPbn 
=====================================  ==============  ==============  ============== 
Loans and advances to customers at 
 amortised cost                                 208.6           205.4           203.9 
Total assets                                    312.1           289.1           294.5 
Customer deposits at amortised cost             256.8           240.5           232.0 
Loan: deposit ratio                               86%             89%             91% 
Risk weighted assets                             73.2            73.7            76.2 
Period end allocated tangible equity             10.0             9.7            10.0 
 
                                          Nine months     Nine months 
                                                ended           ended 
Performance measures                         30.09.21        30.09.20 
=====================================  ==============  ==============  ============== 
Return on average allocated tangible 
 equity                                         17.9%            2.2% 
Average allocated tangible equity 
 (GBPbn)                                          9.9            10.2 
Cost: income ratio                                66%             67% 
Loan loss rate (bps)                                -              81 
Net interest margin                             2.53%           2.63% 
 
 
Analysis of Barclays UK                               Nine months     Nine months 
                                                            ended           ended 
                                                         30.09.21        30.09.20 
Analysis of total income                                     GBPm            GBPm        % Change 
=================================================  ==============  ==============  ============== 
Personal Banking                                            2,900           2,627              10 
Barclaycard Consumer UK                                       898           1,165            (23) 
Business Banking                                            1,039             929              12 
=================================================  ==============  ==============  ============== 
Total income                                                4,837           4,721               2 
 
Analysis of credit impairment releases/(charges) 
=================================================  ==============  ==============  ============== 
Personal Banking                                               20           (312) 
Barclaycard Consumer UK                                       290           (803) 
Business Banking                                              (4)           (182) 
=================================================  ==============  ==============  ============== 
Total credit impairment releases/(charges)                    306         (1,297) 
 
                                                   As at 30.09.21  As at 31.12.20  As at 30.09.20 
Analysis of loans and advances to 
 customers at amortised cost                                GBPbn           GBPbn           GBPbn 
=================================================  ==============  ==============  ============== 
Personal Banking                                            164.6           157.3           155.7 
Barclaycard Consumer UK                                       8.6             9.9            10.7 
Business Banking                                             35.4            38.2            37.5 
=================================================  ==============  ==============  ============== 
Total loans and advances to customers 
 at amortised cost                                          208.6           205.4           203.9 
 
Analysis of customer deposits at 
 amortised cost 
=================================================  ==============  ==============  ============== 
Personal Banking                                            193.3           179.7           173.2 
Barclaycard Consumer UK                                         -             0.1             0.1 
Business Banking                                             63.5            60.7            58.7 
=================================================  ==============  ==============  ============== 
Total customer deposits at amortised 
 cost                                                       256.8           240.5           232.0 
 
 
Barclays International                           Nine months     Nine months 
                                                       ended           ended 
                                                    30.09.21        30.09.20 
Income statement information                            GBPm            GBPm        % Change 
============================================  ==============  ==============  ============== 
Net interest income                                    2,308           2,668            (13) 
Net trading income                                     4,904           5,548            (12) 
Net fee, commission and other income                   4,943           4,219              17 
============================================  ==============  ==============  ============== 
Total income                                          12,155          12,435             (2) 
Credit impairment releases/(charges)                     311         (2,989) 
============================================  ==============  ==============  ============== 
Net operating income                                  12,466           9,446              32 
Operating expenses                                   (6,916)         (6,632)             (4) 
Litigation and conduct                                  (87)            (39) 
============================================  ==============  ==============  ============== 
Total operating expenses                             (7,003)         (6,671)             (5) 
Other net income                                          37              19              95 
============================================  ==============  ==============  ============== 
Profit before tax                                      5,500           2,794              97 
Attributable profit                                    3,961           1,779 
 
                                              As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet information                              GBPbn           GBPbn           GBPbn 
============================================  ==============  ==============  ============== 
Loans and advances at amortised cost                   125.9           122.7           128.0 
Trading portfolio assets                               144.8           127.7           122.3 
Derivative financial instrument assets                 257.0           301.8           295.9 
Financial assets at fair value through 
 the income statement                                  200.5           170.7           178.2 
Cash collateral and settlement balances                115.9            97.5           121.8 
Other assets                                           231.8           221.4           261.7 
============================================  ==============  --------------  ============== 
Total assets                                         1,075.9         1,041.8         1,107.9 
Deposits at amortised cost                             253.3           240.5           262.4 
Derivative financial instrument liabilities            252.3           300.4           293.3 
Loan: deposit ratio                                      50%             51%             49% 
Risk weighted assets                                   222.7           222.3           224.7 
Period end allocated tangible equity                    31.8            30.2            30.5 
 
                                                 Nine months     Nine months 
                                                       ended           ended 
Performance measures                                30.09.21        30.09.20 
============================================  ==============  ==============  ============== 
Return on average allocated tangible 
 equity                                                16.4%            7.5% 
Average allocated tangible equity 
 (GBPbn)                                                32.2            31.8 
Cost: income ratio                                       58%             54% 
Loan loss rate (bps)                                       -             300 
Net interest margin                                    3.96%           3.71% 
 
 
Analysis of Barclays International 
Corporate and Investment Bank                    Nine months     Nine months 
                                                       ended           ended 
                                                    30.09.21        30.09.20 
Income statement information                            GBPm            GBPm        % Change 
============================================  ==============  ==============  ============== 
Net interest income                                      919             974             (6) 
Net trading income                                     4,878           5,578            (13) 
Net fee, commission and other income                   3,905           3,286              19 
============================================  ==============  ==============  ============== 
Total income                                           9,702           9,838             (1) 
Credit impairment releases/(charges)                     400         (1,507) 
============================================  ==============  ==============  ============== 
Net operating income                                  10,102           8,331              21 
Operating expenses                                   (5,256)         (5,086)             (3) 
Litigation and conduct                                   (4)             (6)              33 
============================================  ==============  ==============  ============== 
Total operating expenses                             (5,260)         (5,092)             (3) 
Other net income                                           1               4            (75) 
============================================  ==============  ==============  ============== 
Profit before tax                                      4,843           3,243              49 
Attributable profit                                    3,469           2,141              62 
 
                                              As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet information                              GBPbn           GBPbn           GBPbn 
============================================  ==============  ==============  ============== 
Loans and advances at amortised cost                    93.8            92.4            96.8 
Trading portfolio assets                               144.7           127.5           122.2 
Derivative financial instrument assets                 256.9           301.7           295.9 
Financial assets at fair value through 
 the income statement                                  200.4           170.4           177.9 
Cash collateral and settlement balances                115.1            96.7           121.0 
Other assets                                           200.4           194.9           228.9 
============================================  ==============  ==============  ============== 
Total assets                                         1,011.3           983.6         1,042.7 
Deposits at amortised cost                             185.8           175.2           195.6 
Derivative financial instrument liabilities            252.2           300.3           293.2 
Risk weighted assets                                   192.5           192.2           193.3 
 
                                                 Nine months     Nine months 
                                                       ended           ended 
Performance measures                                30.09.21        30.09.20 
============================================  ==============  ==============  ============== 
Return on average allocated tangible 
 equity                                                16.4%           10.5% 
Average allocated tangible equity 
 (GBPbn)                                                28.2            27.2 
Cost: income ratio                                       54%             52% 
 
 
Analysis of total income                                GBPm            GBPm        % Change 
============================================  ==============  ==============  ============== 
FICC                                                   2,902           4,326            (33) 
Equities                                               2,466           1,929              28 
============================================  ==============  ==============  ============== 
Global Markets                                         5,368           6,255            (14) 
Advisory                                                 634             329              93 
Equity capital markets                                   655             369              78 
Debt capital markets                                   1,414           1,279              11 
============================================  ==============  ==============  ============== 
Investment Banking fees                                2,703           1,977              37 
Corporate lending                                        412             404               2 
Transaction banking                                    1,219           1,202               1 
============================================  ==============  ==============  ============== 
Corporate                                              1,631           1,606               2 
============================================  ==============  ==============  ============== 
Total income                                           9,702           9,838             (1) 
 
 
Analysis of Barclays International 
Consumer, Cards and Payments              Nine months     Nine months 
                                                ended           ended 
                                             30.09.21        30.09.20 
Income statement information                     GBPm            GBPm        % Change 
=====================================  ==============  ==============  ============== 
Net interest income                             1,390           1,694            (18) 
Net fee, commission, trading and 
 other income                                   1,063             903              18 
=====================================  ==============  ==============  ============== 
Total income                                    2,453           2,597             (6) 
Credit impairment charges                        (89)         (1,482)              94 
=====================================  ==============  ==============  ============== 
Net operating income                            2,364           1,115 
Operating expenses                            (1,660)         (1,546)             (7) 
Litigation and conduct                           (83)            (33) 
=====================================  ==============  ==============  ============== 
Total operating expenses                      (1,743)         (1,579)            (10) 
Other net income                                   36              15 
=====================================  ==============  ==============  ============== 
Profit/(loss) before tax                          657           (449) 
Attributable profit/(loss)                        492           (362) 
 
                                       As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet information                       GBPbn           GBPbn           GBPbn 
=====================================  ==============  ==============  ============== 
Loans and advances at amortised cost             32.1            30.3            31.2 
Total assets                                     64.6            58.2            65.2 
Deposits at amortised cost                       67.5            65.3            66.8 
Risk weighted assets                             30.2            30.1            31.4 
 
                                          Nine months     Nine months 
                                                ended           ended 
Performance measures                         30.09.21        30.09.20 
=====================================  ==============  ==============  ============== 
Return on average allocated tangible 
 equity                                         16.2%         (10.6)% 
Average allocated tangible equity 
 (GBPbn)                                          4.0             4.6 
Cost: income ratio                                71%             61% 
Loan loss rate (bps)                               35             577 
 
Analysis of total income                         GBPm            GBPm        % Change 
=====================================  ==============  ==============  ============== 
International Cards and Consumer 
 Bank                                           1,540           1,857            (17) 
Private Bank                                      581             533               9 
Unified Payments                                  332             207              60 
=====================================  ==============  ==============  ============== 
Total income                                    2,453           2,597             (6) 
 
 
Head Office                               Nine months     Nine months 
                                                ended           ended 
                                             30.09.21        30.09.20 
Income statement information                     GBPm            GBPm        % Change 
=====================================  ==============  ==============  ============== 
Net interest income                             (354)           (307)            (15) 
Net fee, commission and other income              142            (24) 
=====================================  ==============  ==============  ============== 
Total income                                    (212)           (331)              36 
Credit impairment releases/(charges)                5            (60) 
=====================================  ==============  ==============  ============== 
Net operating income                            (207)           (391)              47 
Operating expenses                              (507)           (186) 
Litigation and conduct                           (12)            (31)              61 
=====================================  ==============  ==============  ============== 
Total operating expenses                        (519)           (217) 
Other net income/(expenses)                       209            (31) 
=====================================  ==============  ==============  ============== 
Loss before tax                                 (517)           (639)              19 
Attributable loss                                (39)           (638)              94 
 
                                       As at 30.09.21  As at 31.12.20  As at 30.09.20 
Balance sheet information                       GBPbn           GBPbn           GBPbn 
=====================================  ==============  ==============  ============== 
Total assets                                     18.5            18.6            19.3 
Risk weighted assets                             11.5            10.2             9.8 
Period end allocated tangible equity              6.5             6.8             7.1 
 
                                          Nine months     Nine months 
                                                ended           ended 
Performance measures                         30.09.21        30.09.20 
=====================================  ==============  ==============  ============== 
Average allocated tangible equity 
 (GBPbn)                                          5.0             6.5 
 

Quarterly Results Summary

 
Barclays Group 
                                          Q321     Q221     Q121     Q420     Q320     Q220     Q120     Q419 
Income statement information              GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net interest income                      1,940    2,052    1,851    1,845    2,055    1,892    2,331    2,344 
Net fee, commission and 
 other income                            3,525    3,363    4,049    3,096    3,149    3,446    3,952    2,957 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total income                             5,465    5,415    5,900    4,941    5,204    5,338    6,283    5,301 
Credit impairment (charges)/releases     (120)      797     (55)    (492)    (608)  (1,623)  (2,115)    (523) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net operating income                     5,345    6,212    5,845    4,449    4,596    3,715    4,168    4,778 
Operating costs                        (3,446)  (3,587)  (3,545)  (3,480)  (3,391)  (3,310)  (3,253)  (3,308) 
UK bank levy                                 -        -        -    (299)        -        -        -    (226) 
Litigation and conduct                    (32)     (66)     (33)     (47)     (76)     (20)     (10)    (167) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total operating expenses               (3,478)  (3,653)  (3,578)  (3,826)  (3,467)  (3,330)  (3,263)  (3,701) 
Other net income/(expenses)                 94       21      132       23       18     (26)        8       20 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Profit before tax                        1,961    2,580    2,399      646    1,147      359      913    1,097 
Tax charge                               (317)    (263)    (496)    (163)    (328)     (42)     (71)    (189) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Profit after tax                         1,644    2,317    1,903      483      819      317      842      908 
Non-controlling interests                  (1)     (15)      (4)     (37)      (4)     (21)     (16)     (42) 
Other equity instrument 
 holders                                 (197)    (194)    (195)    (226)    (204)    (206)    (221)    (185) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Attributable profit                      1,446    2,108    1,704      220      611       90      605      681 
 
Performance measures 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Return on average tangible 
 shareholders' equity                    11.9%    18.1%    14.7%     1.8%     5.1%     0.7%     5.1%     5.9% 
Average tangible shareholders' 
 equity (GBPbn)                           48.4     46.5     46.5     47.6     48.3     50.2     47.0     46.4 
Cost: income ratio                         64%      67%      61%      77%      67%      62%      52%      70% 
Loan loss rate (bps)                        13        -        6       56       69      179      223       60 
Basic earnings per share                  8.5p    12.3p     9.9p     1.3p     3.5p     0.5p     3.5p     3.9p 
Basic weighted average 
 number of shares (m)                   17,062   17,140   17,293   17,300   17,298   17,294   17,278   17,200 
Period end number of shares 
 (m)                                    16,851   16,998   17,223   17,359   17,353   17,345   17,332   17,322 
 
Balance sheet and capital 
 management(1)                           GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Loans and advances at amortised 
 cost                                    353.0    348.5    345.8    342.6    344.4    354.9    374.1    339.1 
Loans and advances at amortised 
 cost impairment coverage 
 ratio                                    1.7%     1.8%     2.2%     2.4%     2.5%     2.5%     2.1%     1.8% 
Total assets                           1,406.5  1,376.3  1,379.7  1,349.5  1,421.7  1,385.1  1,444.3  1,140.2 
Deposits at amortised cost               510.2    500.9    498.8    481.0    494.6    466.9    470.7    415.8 
Tangible net asset value 
 per share                                287p     281p     267p     269p     275p     284p     284p     262p 
Common equity tier 1 ratio               15.4%    15.1%    14.6%    15.1%    14.6%    14.2%    13.1%    13.8% 
Common equity tier 1 capital              47.3     46.2     45.9     46.3     45.5     45.4     42.5     40.8 
Risk weighted assets                     307.5    306.4    313.4    306.2    310.7    319.0    325.6    295.1 
Average UK leverage ratio                 4.9%     4.8%     4.9%     5.0%     5.1%     4.7%     4.5%     4.5% 
Average UK leverage exposure           1,199.8  1,192.0  1,174.9  1,146.9  1,111.1  1,148.7  1,176.2  1,142.8 
UK leverage ratio                         5.1%     5.0%     5.0%     5.3%     5.2%     5.2%     4.5%     5.1% 
UK leverage exposure                   1,161.0  1,153.6  1,145.4  1,090.9  1,095.1  1,071.1  1,178.7  1,007.7 
 
Funding and liquidity 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Group liquidity pool (GBPbn)               293      291      290      266      327      298      237      211 
Liquidity coverage ratio                  161%     162%     161%     162%     181%     186%     155%     160% 
Loan: deposit ratio                        69%      70%      69%      71%      70%      76%      79%      82% 
 
 
 1   Refer to pages 27 to 33 for further information on how capital, 
      RWAs and leverage are calculated. 
 

v Quarterly Results by Business

 
Barclays UK 
                                          Q321     Q221     Q121     Q420     Q320     Q220     Q120     Q419 
Income statement information              GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net interest income                      1,303    1,305    1,281    1,317    1,280    1,225    1,412    1,478 
Net fee, commission and 
 other income                              335      318      295      309      270      242      292      481 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total income                             1,638    1,623    1,576    1,626    1,550    1,467    1,704    1,959 
Credit impairment (charges)/releases     (137)      520     (77)    (170)    (233)    (583)    (481)    (190) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net operating income                     1,501    2,143    1,499    1,456    1,317      884    1,223    1,769 
Operating costs                        (1,041)  (1,078)  (1,036)  (1,134)  (1,095)  (1,018)  (1,023)  (1,023) 
UK bank levy                                 -        -        -     (50)        -        -        -     (41) 
Litigation and conduct                    (10)     (19)      (3)        4     (25)      (6)      (5)     (58) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total operating expenses               (1,051)  (1,097)  (1,039)  (1,180)  (1,120)  (1,024)  (1,028)  (1,122) 
Other net income/(expenses)                  1        -        -        6      (1)       13        -        - 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Profit/(loss) before tax                   451    1,046      460      282      196    (127)      195      647 
Attributable profit/(loss)                 317      721      298      160      113    (123)      175      438 
 
Balance sheet information                GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Loans and advances to customers 
 at amortised cost                       208.6    207.8    205.7    205.4    203.9    202.0    195.7    193.7 
Total assets                             312.1    311.2    309.1    289.1    294.5    287.6    267.5    257.8 
Customer deposits at amortised 
 cost                                    256.8    255.5    247.5    240.5    232.0    225.7    207.5    205.5 
Loan: deposit ratio                        86%      87%      88%      89%      91%      92%      96%      96% 
Risk weighted assets                      73.2     72.2     72.7     73.7     76.2     77.9     77.7     74.9 
Period end allocated tangible 
 equity                                   10.0      9.9     10.0      9.7     10.0     10.3     10.3     10.3 
 
Performance measures 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Return on average allocated 
 tangible equity                         12.7%    29.1%    12.0%     6.5%     4.5%   (4.8)%     6.9%    17.0% 
Average allocated tangible 
 equity (GBPbn)                           10.0      9.9      9.9      9.8     10.1     10.3     10.1     10.3 
Cost: income ratio                         64%      68%      66%      73%      72%      70%      60%      57% 
Loan loss rate (bps)                        24        -       14       31       43      111       96       38 
Net interest margin                      2.49%    2.55%    2.54%    2.56%    2.51%    2.48%    2.91%    3.03% 
 
 
Analysis of Barclays UK           Q321   Q221   Q121   Q420   Q320   Q220   Q120   Q419 
Analysis of total income          GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Personal Banking                   990    987    923    895    833    826    968  1,064 
Barclaycard Consumer UK            293    290    315    354    362    367    436    533 
Business Banking                   355    346    338    377    355    274    300    362 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total income                     1,638  1,623  1,576  1,626  1,550  1,467  1,704  1,959 
 
Analysis of credit impairment 
 (charges)/releases 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Personal Banking                  (30)     72   (22)   (68)   (48)  (130)  (134)   (71) 
Barclaycard Consumer UK          (108)    434   (36)   (78)  (106)  (396)  (301)  (108) 
Business Banking                     1     14   (19)   (24)   (79)   (57)   (46)   (11) 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total credit impairment 
 (charges)/releases              (137)    520   (77)  (170)  (233)  (583)  (481)  (190) 
 
Analysis of loans and advances 
 to customers at amortised 
 cost                            GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Personal Banking                 164.6  162.4  160.4  157.3  155.7  154.9  153.4  151.9 
Barclaycard Consumer UK            8.6    8.8    8.7    9.9   10.7   11.5   13.6   14.7 
Business Banking                  35.4   36.6   36.6   38.2   37.5   35.6   28.7   27.1 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total loans and advances 
 to customers at amortised 
 cost                            208.6  207.8  205.7  205.4  203.9  202.0  195.7  193.7 
 
Analysis of customer deposits 
 at amortised cost 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Personal Banking                 193.3  191.0  186.0  179.7  173.2  169.6  161.4  159.2 
Barclaycard Consumer UK              -    0.1    0.1    0.1    0.1    0.1      -      - 
Business Banking                  63.5   64.4   61.4   60.7   58.7   56.0   46.1   46.3 
===============================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total customer deposits 
 at amortised cost               256.8  255.5  247.5  240.5  232.0  225.7  207.5  205.5 
 
 
Barclays International 
                                          Q321     Q221     Q121     Q420     Q320     Q220     Q120     Q419 
Income statement information              GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net interest income                        749      811      748      614      823      847      998      965 
Net trading income                       1,515    1,455    1,934    1,372    1,528    1,660    2,360      929 
Net fee, commission and 
 other income                            1,673    1,553    1,717    1,500    1,430    1,503    1,286    1,558 
-------------------------------------  =======  -------  -------  -------  =======  -------  -------  ------- 
Total income                             3,937    3,819    4,399    3,486    3,781    4,010    4,644    3,452 
Credit impairment releases/(charges)        18      271       22    (291)    (370)  (1,010)  (1,609)    (329) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net operating income                     3,955    4,090    4,421    3,195    3,411    3,000    3,035    3,123 
Operating costs                        (2,310)  (2,168)  (2,438)  (2,133)  (2,227)  (2,186)  (2,219)  (2,240) 
UK bank levy                                 -        -        -    (240)        -        -        -    (174) 
Litigation and conduct                     (3)     (63)     (21)      (9)     (28)     (11)        -     (86) 
-------------------------------------  =======  -------  -------  -------  =======  -------  -------  ------- 
Total operating expenses               (2,313)  (2,231)  (2,459)  (2,382)  (2,255)  (2,197)  (2,219)  (2,500) 
Other net income                            15       13        9        9        9        4        6       17 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Profit before tax                        1,657    1,872    1,971      822    1,165      807      822      640 
Attributable profit                      1,263    1,267    1,431      441      782      468      529      397 
 
Balance sheet information                GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Loans and advances at amortised 
 cost                                    125.9    121.9    123.5    122.7    128.0    138.1    167.0    132.8 
Trading portfolio assets                 144.8    147.1    131.1    127.7    122.3    109.5    101.6    113.3 
Derivative financial instrument 
 assets                                  257.0    255.4    269.4    301.8    295.9    306.8    341.5    228.9 
Financial assets at fair 
 value through the income 
 statement                               200.5    190.4    197.5    170.7    178.2    154.3    188.4    128.4 
Cash collateral and settlement 
 balances                                115.9    108.5    109.7     97.5    121.8    130.8    153.2     79.4 
Other assets                             231.8    223.5    221.7    221.4    261.7    236.3    201.5    178.6 
-------------------------------------  =======  -------  -------  -------  =======  -------  -------  ------- 
Total assets                           1,075.9  1,046.8  1,052.9  1,041.8  1,107.9  1,075.8  1,153.2    861.4 
Deposits at amortised cost               253.3    245.4    251.2    240.5    262.4    241.2    263.3    210.0 
Derivative financial instrument 
 liabilities                             252.3    246.9    260.2    300.4    293.3    307.6    338.8    228.9 
Loan: deposit ratio                        50%      50%      49%      51%      49%      57%      63%      63% 
Risk weighted assets                     222.7    223.2    230.0    222.3    224.7    231.2    237.9    209.2 
Period end allocated tangible 
 equity                                   31.8     31.8     32.7     30.2     30.5     31.6     33.1     29.6 
 
Performance measures 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Return on average allocated 
 tangible equity                         15.9%    15.6%    17.7%     5.8%    10.2%     5.6%     6.8%     5.1% 
Average allocated tangible 
 equity (GBPbn)                           31.8     32.4     32.3     30.5     30.6     33.5     31.2     30.9 
Cost: income ratio                         59%      58%      56%      68%      60%      55%      48%      72% 
Loan loss rate (bps)                         -        -      (7)       90      112      284      377       96 
Net interest margin                      4.02%    3.96%    3.92%    3.41%    3.79%    3.43%    3.93%    4.29% 
 
 
Analysis of Barclays International 
 
Corporate and Investment 
 Bank                                     Q321     Q221     Q121     Q420     Q320     Q220     Q120     Q419 
Income statement information              GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net interest income                        279      370      270      110      305      334      335      248 
Net trading income                       1,467    1,494    1,917    1,397    1,535    1,812    2,231      951 
Net fee, commission and 
 other income                            1,383    1,115    1,407    1,131    1,065    1,170    1,051    1,115 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total income                             3,129    2,979    3,594    2,638    2,905    3,316    3,617    2,314 
Credit impairment releases/(charges)       128      229       43     (52)    (187)    (596)    (724)     (30) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Net operating income                     3,257    3,208    3,637    2,586    2,718    2,720    2,893    2,284 
Operating costs                        (1,747)  (1,623)  (1,886)  (1,603)  (1,716)  (1,680)  (1,690)  (1,691) 
UK bank levy                                 -        -        -    (226)        -        -        -    (156) 
Litigation and conduct                     (2)      (1)      (1)        2      (3)      (3)        -     (79) 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total operating expenses               (1,749)  (1,624)  (1,887)  (1,827)  (1,719)  (1,683)  (1,690)  (1,926) 
Other net income                             -        -        1        2        1        3        -        1 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Profit before tax                        1,508    1,584    1,751      761    1,000    1,040    1,203      359 
Attributable profit                      1,157    1,049    1,263      413      627      694      820      193 
 
Balance sheet information                GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn    GBPbn 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Loans and advances at amortised 
 cost                                     93.8     91.0     94.3     92.4     96.8    104.9    128.2     92.0 
Trading portfolio assets                 144.7    147.0    130.9    127.5    122.2    109.3    101.5    113.3 
Derivative financial instruments 
 assets                                  256.9    255.3    269.4    301.7    295.9    306.7    341.4    228.8 
Financial assets at fair 
 value through the income 
 statement                               200.4    190.3    197.3    170.4    177.9    153.7    187.8    127.7 
Cash collateral and settlement 
 balances                                115.1    107.7    108.8     96.7    121.0    129.7    152.2     78.5 
Other assets                             200.4    192.5    190.8    194.9    228.9    205.5    171.4    155.3 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total assets                           1,011.3    983.8    991.5    983.6  1,042.7  1,009.8  1,082.5    795.6 
Deposits at amortised cost               185.8    178.2    185.2    175.2    195.6    173.9    198.4    146.2 
Derivative financial instrument 
 liabilities                             252.2    246.8    260.2    300.3    293.2    307.6    338.7    228.9 
Risk weighted assets                     192.5    194.3    201.3    192.2    193.3    198.3    201.7    171.5 
 
Performance measures 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Return on average allocated 
 tangible equity                         16.6%    14.8%    17.9%     6.3%     9.5%     9.6%    12.5%     3.0% 
Average allocated tangible 
 equity (GBPbn)                           27.8     28.4     28.2     26.3     26.4     29.0     26.2     25.8 
Cost: income ratio                         56%      55%      53%      69%      59%      51%      47%      83% 
 
 
Analysis of total income                  GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
FICC                                       803      895    1,204      812    1,000    1,468    1,858      726 
Equities                                   757      777      932      542      691      674      564      409 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Global Markets                           1,560    1,672    2,136    1,354    1,691    2,142    2,422    1,135 
Advisory                                   253      218      163      232       90       84      155      202 
Equity capital markets                     186      226      243      104      122      185       62       56 
Debt capital markets                       532      429      453      418      398      463      418      322 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Investment Banking fees                    971      873      859      754      610      732      635      580 
Corporate lending                          168       38      206      186      232       61      111      202 
Transaction banking                        430      396      393      344      372      381      449      397 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Corporate                                  598      434      599      530      604      442      560      599 
=====================================  =======  =======  =======  =======  =======  =======  =======  ======= 
Total income                             3,129    2,979    3,594    2,638    2,905    3,316    3,617    2,314 
 
 
Analysis of Barclays International 
 
Consumer, Cards and Payments            Q321   Q221   Q121   Q420   Q320     Q220     Q120   Q419 
Income statement information            GBPm   GBPm   GBPm   GBPm   GBPm     GBPm     GBPm   GBPm 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Net interest income                      471    441    478    504    518      513      663    717 
Net fee, commission, trading 
 and other income                        337    399    327    344    358      181      364    421 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Total income                             808    840    805    848    876      694    1,027  1,138 
Credit impairment (charges)/releases   (110)     42   (21)  (239)  (183)    (414)    (885)  (299) 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Net operating income                     698    882    784    609    693      280      142    839 
Operating costs                        (563)  (545)  (552)  (530)  (511)    (506)    (529)  (549) 
UK bank levy                               -      -      -   (14)      -        -        -   (18) 
Litigation and conduct                   (1)   (62)   (20)   (11)   (25)      (8)        -    (7) 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Total operating expenses               (564)  (607)  (572)  (555)  (536)    (514)    (529)  (574) 
Other net income                          15     13      8      7      8        1        6     16 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Profit/(loss) before tax                 149    288    220     61    165    (233)    (381)    281 
Attributable profit/(loss)               106    218    168     28    155    (226)    (291)    204 
 
Balance sheet information              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn    GBPbn    GBPbn  GBPbn 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Loans and advances at amortised 
 cost                                   32.1   30.9   29.2   30.3   31.2     33.2     38.8   40.8 
Total assets                            64.6   63.0   61.4   58.2   65.2     66.0     70.7   65.8 
Deposits at amortised cost              67.5   67.2   66.0   65.3   66.8     67.3     64.9   63.8 
Risk weighted assets                    30.2   29.0   28.8   30.1   31.4     32.9     36.2   37.7 
 
Performance measures 
=====================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Return on average allocated 
 tangible equity                       10.5%  21.8%  16.5%   2.7%  14.7%  (20.2)%  (23.5)%  15.9% 
Average allocated tangible 
 equity (GBPbn)                          4.0    4.0    4.1    4.2    4.2      4.5      5.0    5.1 
Cost: income ratio                       70%    72%    71%    65%    61%      74%      52%    50% 
Loan loss rate (bps)                     127      -     27    286    211      455      846    273 
 
 
Head Office 
                                        Q321   Q221   Q121   Q420   Q320   Q220   Q120   Q419 
Income statement information            GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Net interest income                    (112)   (64)  (178)   (86)   (48)  (180)   (79)   (99) 
Net fee, commission and 
 other income                              2     37    103   (85)   (79)     41     14   (11) 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total income                           (110)   (27)   (75)  (171)  (127)  (139)   (65)  (110) 
Credit impairment (charges)/releases     (1)      6      -   (31)    (5)   (30)   (25)    (4) 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Net operating expenses                 (111)   (21)   (75)  (202)  (132)  (169)   (90)  (114) 
Operating costs                         (95)  (341)   (71)  (213)   (69)  (106)   (11)   (45) 
UK bank levy                               -      -      -    (9)      -      -      -   (11) 
Litigation and conduct                  (19)     16    (9)   (42)   (23)    (3)    (5)   (23) 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total operating expenses               (114)  (325)   (80)  (264)   (92)  (109)   (16)   (79) 
Other net income/(expenses)               78      8    123      8     10   (43)      2      3 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Loss before tax                        (147)  (338)   (32)  (458)  (214)  (321)  (104)  (190) 
Attributable (loss)/profit             (134)    120   (25)  (381)  (284)  (255)   (99)  (154) 
 
Balance sheet information              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Total assets                            18.5   18.3   17.7   18.6   19.3   21.7   23.6   21.0 
Risk weighted assets                    11.5   11.1   10.7   10.2    9.8    9.9   10.0   11.0 
Period end allocated tangible 
 equity                                  6.5    5.9    3.3    6.8    7.1    7.4    6.0    5.6 
 
Performance measures 
=====================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average allocated tangible 
 equity (GBPbn)                          6.6    4.2    4.3    7.3    7.6    6.4    5.6    5.2 
 

Performance Management

 
Margins and 
balances 
                               Nine months ended 30.09.21                        Nine months ended 30.09.20 
                                            Average                                           Average 
                       Net interest        customer     Net interest     Net interest        customer     Net interest 
                             income          assets           margin           income          assets           margin 
                               GBPm            GBPm                %             GBPm            GBPm                % 
===================  ==============  ==============  ===============  ===============  ==============  =============== 
Barclays UK                   3,889         205,889             2.53            3,917         199,048             2.63 
Barclays 
 International(1,2)           2,301          77,628             3.96            2,686          96,799             3.71 
===================  ==============  ==============  ===============  ===============  ==============  =============== 
Total Barclays UK 
 and Barclays 
 International                6,190         283,517             2.92            6,603         295,847             2.98 
Other(3)                      (347)                                             (325) 
===================  ==============  ==============  ===============  ===============  ==============  =============== 
Total Barclays 
 Group                        5,843                                             6,278 
 
 
 1   Barclays International margins include IEL balances within the 
      investment banking business. 
 2   Barclays amended the presentation of the premium paid for purchased 
      financial guarantees which are embedded in notes it issues directly 
      to the market in Q420 from net investment income to interest expense 
      within net interest income. Had the equivalent Q320 YTD interest 
      expense been recognised in net interest income, the Barclays International 
      and Total Barclays UK and Barclays International NIMs would have 
      been 3.60% and 2.95% respectively. 
 3   Other includes Head Office and non-lending related investment banking 
      businesses not included in Barclays International margins. 
 

The Group's combined product and equity structural hedge notional as at 30 September 2021 was GBP224bn (September 2020: GBP181bn), with an average duration of close to 3 years (2020: average duration 2.5 to 3 years). Group net interest income includes gross structural hedge contributions of GBP1,042m (Q320 YTD: GBP1,273m) and net structural hedge contributions of GBP889m (Q320 YTD: GBP917m). Gross structural hedge contributions represent the absolute level of interest earned from the fixed receipts on the basket of swaps in the structural hedge, 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 
International                                        Net interest income  Average customer assets  Net interest margin 
Three months ended 30.09.21                                         GBPm                     GBPm                    % 
===================================================  ===================  =======================  =================== 
Barclays UK                                                        1,303                  207,692                 2.49 
Barclays International(1)                                            783                   77,364                 4.02 
===================================================  ===================  =======================  =================== 
Total Barclays UK and Barclays International                       2,086                  285,056                 2.90 
 
Three months ended 30.06.21 
===================================================  ===================  =======================  =================== 
Barclays UK                                                        1,305                  205,168                 2.55 
Barclays International(1)                                            763                   77,330                 3.96 
===================================================  ===================  =======================  =================== 
Total Barclays UK and Barclays International                       2,068                  282,498                 2.94 
 
Three months ended 31.03.21 
===================================================  ===================  =======================  =================== 
Barclays UK                                                        1,281                  204,663                 2.54 
Barclays International(1)                                            755                   78,230                 3.92 
===================================================  ===================  =======================  =================== 
Total Barclays UK and Barclays International                       2,036                  282,893                 2.92 
 
Three months ended 31.12.20 
===================================================  ===================  =======================  =================== 
Barclays UK                                                        1,317                  204,315                 2.56 
Barclays International(1,2)                                          696                   81,312                 3.41 
===================================================  ===================  =======================  =================== 
Total Barclays UK and Barclays International                       2,013                  285,627                 2.80 
 
Three months ended 30.09.20 
===================================================  ===================  =======================  =================== 
Barclays UK                                                        1,280                  203,089                 2.51 
Barclays International(1,2)                                          838                   88,032                 3.79 
===================================================  ===================  =======================  =================== 
Total Barclays UK and Barclays International                       2,118                  291,121                 2.89 
 
 
 1   Barclays International margins include IEL balances within the 
      investment banking business. 
 2   The reclassification of expense of the premium paid for purchased 
      financial guarantees from net investment income to net interest 
      income was recognised in full in Q420 and resulted in a 0.48% reduction 
      on the Q420 Barclays International NIM and 0.14% reduction on the 
      Q420 Total Barclays UK and Barclays International NIM. Had the 
      equivalent impact been reflected in the respective quarters, the 
      Barclays International NIM would have been 3.68% in Q320 and 3.77% 
      in Q420. Total Barclays UK and Barclays International NIMs would 
      have been 2.86% in Q320 and 2.91% in Q420 respectively. 
 

Credit Risk

Loans and advances at amortised cost by stage

The table below presents an analysis of loans and advances at amortised cost by gross exposure, impairment allowance, impairment charge and coverage ratio by stage allocation and business segment as at 30 September 2021. Also included are off-balance sheet loan commitments and financial guarantee contracts by gross exposure, impairment allowance and coverage ratio by stage allocation as at 30 September 2021.

Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure. For retail portfolios, the total impairment allowance is allocated to the drawn exposure to the extent that the allowance does not exceed the exposure, as Expected Credit Losses (ECL) is not reported separately. Any excess is reported on the liability side of the balance sheet as a provision. For wholesale portfolios, the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision.

 
                          Gross exposure                           Impairment allowance 
                ==================================  ================================================== 
                Stage 1  Stage 2  Stage 3    Total        Stage 1         Stage 2     Stage 3    Total  Net exposure 
As at 30.09.21     GBPm     GBPm     GBPm     GBPm           GBPm            GBPm        GBPm     GBPm          GBPm 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Barclays UK     161,520   22,277    2,666  186,463            304           1,163         908    2,375       184,088 
Barclays 
 International   23,592    4,121    1,647   29,360            490             966         858    2,314        27,046 
Head Office       3,953      431      742    5,126              3              37         356      396         4,730 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Total Barclays 
 Group retail   189,065   26,829    5,055  220,949            797           2,166       2,122    5,085       215,864 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Barclays UK      34,810    1,986    1,067   37,863             55              30          25      110        37,753 
Barclays 
 International   86,196   12,372    1,273   99,841            209             260         515      984        98,857 
Head Office         5183               33      554              -               -          31       31           523 
==============  =======   ======  =======  =======  =============  ==============  ==========  =======  ============ 
Total Barclays 
 Group 
 wholesale(1)   121,524   14,361    2,373  138,258            264             290         571    1,125       137,133 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Total loans 
 and advances 
 at amortised 
 cost           310,589   41,190    7,428  359,207          1,061           2,456       2,693    6,210       352,997 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Off-balance 
 sheet loan 
 commitments 
 and financial 
 guarantee 
 contracts(2)   306,313   41,766      750  348,829            225             298          24      547       348,282 
==============  =======  =======  =======  =======  =============  ==============  ==========  =======  ============ 
Total(3)        616,902   82,956    8,178  708,036          1,286           2,754       2,717    6,757       701,279 
 
                          As at 30.09.21                        Nine months ended 30.09.21 
                ==================================  ================================================== 
                                                      Loan impairment (release)/charge and loan loss 
                          Coverage ratio                                   rate 
                ==================================  ================================================== 
                Stage 1  Stage 2  Stage 3    Total        Loan impairment release       Loan loss rate 
                      %%                %%                                   GBPm                  bps 
==============  =======   ======  =======   ====== 
Barclays UK         0.2      5.2     34.1      1.3                             34                    2 
Barclays 
 International      2.1     23.4     52.1      7.9                             88                   40 
Head Office         0.1      8.6     48.0      7.7                            (5)                    - 
==============  =======  =======  =======  =======  =============  ==============  ==========  ======= 
Total Barclays 
 Group retail       0.4      8.1     42.0      2.3                            117                    7 
--------------  -------  -------  -------  -------  -------------  --------------  ----------  ------- 
Barclays UK         0.2      1.5      2.3      0.3                           (81)                    - 
Barclays 
 International      0.2      2.1     40.5      1.0                          (125)                    - 
Head Office           --             93.9      5.6                              -                    - 
==============  =======   ======  =======  =======  =============  ==============  ==========  ======= 
Total Barclays 
 Group 
 wholesale (1)      0.2      2.0     24.1      0.8                          (206)                    - 
==============  =======  =======  =======  =======  =============  ==============  ==========  ======= 
Total loans 
 and advances 
 at amortised 
 cost               0.3      6.0     36.3      1.7                           (89)                    - 
==============  =======  =======  =======  =======  =============  ==============  ==========  ======= 
Off-balance 
 sheet loan 
 commitments 
 and financial 
 guarantee 
 contracts(2)       0.1      0.7      3.2      0.2                          (513) 
Other 
 financial 
 assets 
 subject to 
 impairment(3)                                                               (20) 
==============  =======  =======  =======  =======                 ============== 
Total               0.2      3.3     33.2      1.0                          (622) 
 
 
 1   Includes Wealth and Private Banking exposures measured on an individual 
      basis, and excludes Business Banking exposures that are managed 
      on a collective basis. The net impact is a difference in total 
      exposure of GBP7,229m of balances reported as wholesale loans on 
      page 24 in the Loans and advances at amortised cost by product 
      disclosure. 
 2   Excludes loan commitments and financial guarantees of GBP20.8bn 
      carried at fair value. 
 3   Other 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 GBP190.8bn and impairment 
      allowance of GBP112m. This comprises GBP5m ECL on GBP190.6bn Stage 
      1 assets, Nil on GBP68m Stage 2 fair value through other comprehensive 
      income assets, cash collateral and settlement balances and GBP107m 
      on GBP113m Stage 3 other assets. 
 
 
                             Gross exposure                         Impairment allowance 
                   ==================================  =============================================== 
                   Stage 1  Stage 2  Stage 3    Total        Stage 1        Stage 2    Stage 3   Total  Net exposure 
As at 31.12.20        GBPm     GBPm     GBPm     GBPm           GBPm           GBPm       GBPm    GBPm          GBPm 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Barclays UK        153,250   23,896    2,732  179,878            332          1,509      1,147   2,988       176,890 
Barclays 
 International(1)   21,048    5,500    1,992   28,540            396          1,329      1,205   2,930        25,610 
Head Office          4,267      720      844    5,831              4             51        380     435         5,396 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Total Barclays 
 Group retail      178,565   30,116    5,568  214,249            732          2,889      2,732   6,353       207,896 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Barclays UK         31,918    4,325    1,126   37,369             13            129        116     258        37,111 
Barclays 
 International(1)   79,911   16,565    2,270   98,746            288            546        859   1,693        97,053 
Head Office            570-               33      603              -              -         31      31           572 
=================  =======   ======  =======  =======  =============  =============  =========  ======  ============ 
Total Barclays 
 Group 
 wholesale(2)      112,399   20,890    3,429  136,718            301            675      1,006   1,982       134,736 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Total loans and 
 advances at 
 amortised cost    290,964   51,006    8,997  350,967          1,033          3,564      3,738   8,335       342,632 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Off-balance sheet 
 loan commitments 
 and financial 
 guarantee 
 contracts(3)      289,939   52,891    2,330  345,160            256            758         50   1,064       344,096 
=================  =======  =======  =======  =======  =============  =============  =========  ======  ============ 
Total(4)           580,903  103,897   11,327  696,127          1,289          4,322      3,788   9,399       686,728 
 
                             As at 31.12.20                          Year ended 31.12.20 
                   ==================================  =============================================== 
                             Coverage ratio             Loan impairment charge and loan loss rate(5) 
                   ==================================  =============================================== 
                   Stage 1  Stage 2  Stage 3    Total        Loan impairment charge     Loan loss rate 
                         %%                %%                                  GBPm                bps 
=================  =======   ======  =======   ====== 
Barclays UK            0.2      6.3     42.0      1.7                         1,070                 59 
Barclays 
 International(1)      1.9     24.2     60.5     10.3                         1,680                589 
Head Office            0.1      7.1     45.0      7.5                            91                156 
=================  =======  =======  =======  =======  =============  =============  =========  ====== 
Total Barclays 
 Group retail          0.4      9.6     49.1      3.0                         2,841                133 
=================  =======  =======  =======  =======  =============  =============  =========  ====== 
Barclays UK              -      3.0     10.3      0.7                           154                 41 
Barclays 
 International(1)      0.4      3.3     37.8      1.7                           914                 93 
Head Office              --             93.9      5.1                             -                  - 
=================  =======   ======  =======  =======  =============  =============  =========  ====== 
Total Barclays 
 Group 
 wholesale(2)          0.3      3.2     29.3      1.4                         1,068                 78 
=================  =======  =======  =======  =======  =============  =============  =========  ====== 
Total loans and 
 advances at 
 amortised cost        0.4      7.0     41.5      2.4                         3,909                111 
=================  =======  =======  =======  =======  =============  =============  =========  ====== 
Off-balance sheet 
 loan commitments 
 and financial 
 guarantee 
 contracts(3)          0.1      1.4      2.1      0.3                           776 
Other financial 
 assets subject 
 to impairment(4)                                                               153 
=================  =======  =======  =======  =======                 ============= 
Total(5)               0.2      4.2     33.4      1.4                         4,838 
 
 
 1   Private Banking have refined the methodology to classify GBP5bn 
      of their exposure between Wholesale and Retail during the year. 
 2   Includes Wealth and Private Banking exposures measured on an individual 
      basis, and excludes Business Banking exposures that are managed 
      on a collective basis. The net impact is a difference in total 
      exposure of GBP7,551m of balances reported as wholesale loans on 
      page 24 in the Loans and advances at amortised cost by product 
      disclosure. 
 3   Excludes loan commitments and financial guarantees of GBP9.5bn 
      carried at fair value. 
 4   Other 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 GBP180.3bn and impairment 
      allowance of GBP165m. This comprises GBP11m ECL on GBP175.7bn Stage 
      1 assets, GBP9m on GBP4.4bn Stage 2 fair value through other comprehensive 
      income assets,other assets and cash collateral and settlement balances 
      and GBP145m on GBP154m Stage 3 other assets. 
 5   The loan loss rate is 138 bps after applying the total impairment 
      charge of GBP4,838m. 
 

Loans and advances at amortised cost by product

The table below presents a breakdown of loans and advances at amortised cost and the impairment allowance with stage allocation by asset classification.

 
                                                                   Stage 2 
                                         =========================================================== 
As at 30.09.21                  Stage 1  Not past due  <=30 days past due  >30 days past due   Total  Stage 3    Total 
Gross exposure                     GBPm          GBPm                GBPm               GBPm    GBPm     GBPm     GBPm 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home loans                      148,033        16,545               1,585                717  18,847    2,201  169,081 
Credit cards, unsecured loans 
 and other retail lending        34,565         6,958                 292                261   7,511    2,563   44,639 
Wholesale loans                 127,991        14,062                 275                495  14,832    2,664  145,487 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                           310,589        37,565               2,152              1,473  41,190    7,428  359,207 
 
Impairment allowance 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home loans                           17            506                                     7      63      404      484 
Credit cards, unsecured loans 
 and other retail lending           707         1,861                  83                121   2,065    1,610    4,382 
Wholesale loans                     337           3205                                     3     328      679    1,344 
==============================  =======  ============   =================   ================  ======  =======  ======= 
Total                             1,061         2,231                  94                131   2,456    2,693    6,210 
 
Net exposure 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home loans                      148,016        16,495               1,579                710  18,784    1,797  168,597 
Credit cards, unsecured loans 
 and other retail lending        33,858         5,097                 209                140   5,446      953   40,257 
Wholesale loans                 127,654        13,742                 270                492  14,504    1,985  144,143 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                           309,528        35,334               2,058              1,342  38,734    4,735  352,997 
 
Coverage ratio                        %%                                %%                         %%                % 
==============================  =======   ===========   =================   ================   =====   ====== ====== 
Home loans                            -           0.3                 0.4                1.0     0.3     18.4      0.3 
Credit cards, unsecured loans 
 and other retail lending           2.0          26.7                28.4               46.4    27.5     62.8      9.8 
Wholesale loans                     0.3           2.3                 1.8                0.6     2.2     25.5      0.9 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                               0.3           5.9                 4.4                8.9     6.0     36.3      1.7 
 
As at 31.12.20 
Gross exposure                     GBPm          GBPm                GBPm               GBPm    GBPm     GBPm     GBPm 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home loans                      138,639        16,651               1,785                876  19,312    2,234  160,185 
Credit cards, unsecured loans 
 and other retail lending        33,021         9,470                 544                306  10,320    3,172   46,513 
Wholesale loans                 119,304        19,501               1,097                776  21,374    3,591  144,269 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                           290,964        45,622               3,426              1,958  51,006    8,997  350,967 
 
Impairment allowance 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home Loans                           33            57                  13                 14      84      421      538 
Credit cards, unsecured loans 
 and other retail lending           680         2,382                 180                207   2,769    2,251    5,700 
Wholesale Loans                     320           650                  50                 11     711    1,066    2,097 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                             1,033         3,089                 243                232   3,564    3,738    8,335 
 
Net exposure 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Home loans                      138,606        16,594               1,772                862  19,228    1,813  159,647 
Credit cards, unsecured loans 
 and other retail lending        32,341         7,088                 364                 99   7,551      921   40,813 
Wholesale loans                 118,984        18,851               1,047                765  20,663    2,525  142,172 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                           289,931        42,533               3,183              1,726  47,442    5,259  342,632 
 
Coverage ratio                        %%                                %%                         %%                % 
==============================  =======   ===========   =================   ================   =====   ====== ====== 
Home loans                            -           0.3                 0.7                1.6     0.4     18.8      0.3 
Credit cards, unsecured loans 
 and other retail lending           2.1          25.2                33.1               67.6    26.8     71.0     12.3 
Wholesale loans                     0.3           3.3                 4.6                1.4     3.3     29.7      1.5 
==============================  =======  ============  ==================  =================  ======  =======  ======= 
Total                               0.4           6.8                 7.1               11.8     7.0     41.5      2.4 
 

Measurement uncertainty

Forecast Macroeconomic Variables were refreshed in Q321, following on from the Q221 update, with key drivers for the Baseline scenario more optimistic than Q420 and Q221. In the Baseline scenario, UK GDP returns to the pre-COVID-19 pandemic levels by early 2022 with peak UK unemployment of 5.4% in Q122. In the Upside 2 scenario, effective fiscal stimulus measures, including public investments in infrastructure and skills, provide a boost to demand and confidence, which in turn leads to economic activity in almost all advanced economies returning to the pre-COVID-19 pandemic levels by the end of 2021. Unemployment levels decline back to 5% by Q122 in the UK, and to 4% by Q222 in the US. In the Downside 2 scenario, supply and distribution issues slow the vaccination process and the emergence of new virus variants that are not susceptible to the existing vaccines results in full national lockdowns. This leads to significant falls in GDP in Q421 and UK and US unemployment reaching c.10% and 12% respectively in Q122.

The Group uses a five-scenario model to calculate ECL. The methodology for estimating probability weights used in calculating ECL involves simulating a range of future paths for UK and US GDP using historical data. The five scenarios are mapped against the distribution of these future paths, with the median centred around the Baseline such that scenarios further from the Baseline attract a lower weighting. The range of future paths generated in the calculation of the weights at 30 September 2021 is narrower than at 30 June 2021 and 31 December 2020 due to continued growth in UK and US GDP and lower levels of uncertainty. The Upside 2 and Downside 2 scenarios are therefore nearer the tails of the distribution than previously resulting in lower weightings.

In isolation, the reduction in Baseline unemployment forecast between Q2 and Q3 would lead to a reduction in unsecured ECL. However, the reduction in Downside 2 unemployment forecast between Q2 and Q3 is lower than the movement in the Baseline unemployment forecast; this widening delta between Baseline and Downside 2 unemployment forecast moderates the overall impact.

Although the macroeconomic outlook has improved, the level of uncertainty is relatively high. Unemployment remains at elevated levels, with a significant number of jobs at risk of redundancy as measures of support are tapered down in the UK, US and Germany between the end of Q321 and Q122 respectively. To date, limited defaults have been observed in response to the COVID-19 pandemic, but credit deterioration may occur as support is withdrawn. This uncertainty continues to be captured in two distinct ways: firstly, the identification of specific customers and clients who may be more vulnerable to the withdrawal of relief and secondly, macroeconomic and risk parameter uncertainties which are applied at a portfolio level. As a result, economic uncertainty PMAs and total PMAs remained relatively stable at GBP2.0bn (30 June 2021: GBP2.1bn) and GBP2.0bn (30 June 2021: GBP1.9bn) respectively.

The tables below show the key consensus macroeconomic variables used in the Baseline scenario and the probability weights applied to each scenario.

 
Baseline average macroeconomic variables used in the calculation of ECL 
                                                    2021        2022      2023 
As at 30.09.21                                         %           %         % 
============================================  ==========  ==========  ======== 
UK GDP(1)                                            6.5         5.2       2.3 
UK unemployment(2)                                   5.0         5.1       4.7 
UK HPI(3)                                            3.8         0.8       2.6 
UK bank rate                                         0.1         0.2       0.5 
US GDP(1)                                            6.8         4.4       2.4 
US unemployment(4)                                   5.5         4.2       4.0 
US HPI(5)                                            7.8         4.1       4.0 
US federal funds rate                                0.2         0.3       0.8 
 
As at 30.06.21 
============================================  ==========  ==========  ======== 
UK GDP(1)                                            4.9         5.6       2.3 
UK unemployment(2)                                   5.8         5.7       5.1 
UK HPI(3)                                          (0.5)         0.3       3.1 
UK bank rate                                         0.1         0.2       0.4 
US GDP(1)                                            5.7         3.9       1.6 
US unemployment(4)                                   5.6         4.5       4.4 
US HPI(5)                                            3.9         3.5       3.5 
US federal funds rate                                0.3         0.3       0.7 
 
As at 31.12.20 
============================================  ==========  ==========  ======== 
UK GDP(1)                                            6.3         3.3       2.6 
UK unemployment(2)                                   6.7         6.4       5.8 
UK HPI(3)                                            2.4         2.3       5.0 
UK bank rate                                           -       (0.1)         - 
US GDP(1)                                            3.9         3.1       2.9 
US unemployment(4)                                   6.9         5.7       5.6 
US HPI(5)                                            2.8         4.7       4.7 
US federal funds rate                                0.3         0.3       0.3 
 
 
 1   Average Real GDP seasonally adjusted change in year. 
 2   Average UK unemployment rate 16-year+. 
 3   Change in average yearly UK HPI = Halifax All Houses, All Buyers 
      index, relative to prior year end. 
 4   Average US civilian unemployment rate 16-year+. 
 5   Change in average yearly US HPI = FHFA House Price Index, relative 
      to prior year end. 
 
 
Scenario probability weighting 
                                 Upside 2  Upside 1  Baseline  Downside 1  Downside 2 
                                        %         %         %           %           % 
===============================  ========  ========  ========  ==========  ========== 
As at 30.09.21 
Scenario probability weighting       17.9      25.7      28.9        16.3        11.2 
===============================  ========  ========  ========  ==========  ========== 
As at 30.06.21 
Scenario probability weighting       19.6      24.5      26.4        16.9        12.6 
===============================  ========  ========  ========  ==========  ========== 
As at 31.12.20 
Scenario probability weighting       20.2      24.2      24.7        15.5        15.4 
 

Treasury and Capital Risk

Capital

The Group's Overall Capital Requirement for CET1 is 11.2% comprising a 4.5% Pillar 1 minimum, a 2.5% Capital Conservation Buffer (CCB), a 1.5% Global Systemically Important Institution (G-SII) buffer, a 2.7% Pillar 2A requirement and a 0% Countercyclical Capital Buffer (CCyB).

The Group's CCyB is based on the buffer rate applicable for each jurisdiction in which the Group has exposures. On 11 March 2020, the Financial Policy Committee (FPC) set the CCyB rate for UK exposures at 0% with immediate effect. The buffer rates set by other national authorities for non-UK exposures are not currently material. Overall, this results in a 0.0% CCyB for the Group.

The Group's Pillar 2A requirement as per the PRA's Individual Capital Requirement is 4.8% of which at least 56.25% needs to be met with CET1 capital, equating to approximately 2.7% of RWAs. The Pillar 2A requirement is subject to at least annual review and has been set as a nominal capital amount. This is based on a point in time assessment and the requirement (when expressed as a proportion of RWAs) will change depending on the total RWAs at each reporting period.

Following the withdrawal of the UK from the EU, any references to CRR as amended by CRR II mean, unless otherwise specified, CRR as amended by CRR II, as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018 and subject to the temporary transitional powers (TTP) available to UK regulators to delay or phase-in on-shoring changes to UK regulatory requirements arising at the end of the transition period until 31 March 2022, as at the applicable reporting date. Throughout the TTP period, the Bank of England (BoE) and PRA will continue to review the UK regulatory framework and the Group disclosures will reflect the amended framework as applicable at the effective reporting date.

On 14 October 2021, the PRA published their final Policy Statement on the implementation of Basel III standards. The Policy Statement confirmed the PRA's intention to revert to the previous treatment of 100% CET1 capital deduction for qualifying software assets, meaning the c.40bps benefit in the CET1 ratio will be reversed from 1 January 2022.

 
Capital ratios(1,2,3)                                                   As at 30.09.21  As at 30.06.21  As at 31.12.20 
======================================================================  ==============  ==============  ============== 
CET1                                                                             15.4%           15.1%           15.1% 
Tier 1 (T1)                                                                      19.6%           18.9%           19.0% 
Total regulatory capital                                                         22.9%           22.3%           22.1% 
 
Capital resources                                                                 GBPm            GBPm            GBPm 
======================================================================  ==============  ==============  ============== 
Total equity excluding non-controlling interests per the balance sheet          68,697          67,052          65,797 
Less: other equity instruments (recognised as AT1 capital)                    (12,252)        (11,167)        (11,172) 
Adjustment to retained earnings for foreseeable ordinary share 
 dividends                                                                       (419)           (510)           (174) 
Adjustment to retained earnings for foreseeable repurchase of shares             (221)               -               - 
Adjustment to retained earnings for foreseeable other equity coupons              (51)            (35)            (30) 
 
Other regulatory adjustments and deductions 
Additional value adjustments (PVA)                                             (1,427)         (1,447)         (1,146) 
Goodwill and intangible assets                                                 (6,850)         (6,814)         (6,914) 
Deferred tax assets that rely on future profitability excluding 
 temporary differences                                                           (662)           (664)           (595) 
Fair value reserves related to gains or losses on cash flow hedges                  46           (665)         (1,575) 
Gains or losses on liabilities at fair value resulting from own credit             940             934             870 
Defined benefit pension fund assets                                            (1,925)         (1,828)         (1,326) 
Direct and indirect holdings by an institution of own CET1 instruments            (50)            (50)            (50) 
Adjustment under IFRS 9 transitional arrangements                                1,332           1,331           2,556 
Other regulatory adjustments                                                       144              88              55 
======================================================================  ==============  ==============  ============== 
CET1 capital                                                                    47,302          46,225          46,296 
 
AT1 capital 
Capital instruments and related share premium accounts                          12,252          11,167          11,172 
Qualifying AT1 capital (including minority interests) issued by 
 subsidiaries                                                                      636             648             646 
Other regulatory adjustments and deductions                                       (80)            (80)            (80) 
======================================================================  ==============  ==============  ============== 
AT1 capital                                                                     12,808          11,735          11,738 
 
T1 capital                                                                      60,110          57,960          58,034 
 
T2 capital 
Capital instruments and related share premium accounts                           8,927           8,969           7,836 
Qualifying T2 capital (including minority interests) issued by 
 subsidiaries                                                                    1,306           1,401           1,893 
Credit risk adjustments (excess of impairment over expected losses)                 98              79              57 
Other regulatory adjustments and deductions                                      (160)           (160)           (160) 
======================================================================  ==============  ==============  ============== 
Total regulatory capital                                                        70,281          68,249          67,660 
 
Total RWAs                                                                     307,464         306,424         306,203 
 
 
 1   CET1, T1 and T2 capital, and RWAs are calculated applying the transitional 
      arrangements of the CRR as amended by CRR II. This includes IFRS 
      9 transitional arrangements and the grandfathering of CRR and CRR 
      II non-compliant capital instruments. 
 2   The fully loaded CET1 ratio, as is relevant for assessing against 
      the conversion trigger in Barclays PLC AT1 securities, was 15.0%, 
      with GBP46.0bn of CET1 capital and GBP307.2bn of RWAs calculated 
      without applying the transitional arrangements of the CRR as amended 
      by CRR II. 
 3   The Group's CET1 ratio, as is relevant for assessing against the 
      conversion trigger in Barclays Bank PLC 7.625% Contingent Capital 
      Notes, was 15.4%. For this calculation CET1 capital and RWAs are 
      calculated applying the transitional arrangements under the CRR 
      as amended by CRR II, including the IFRS 9 transitional arrangements. 
      The benefit of the Financial Services Authority (FSA) October 2012 
      interpretation of the transitional provisions, relating to the 
      implementation of CRD IV, expired in December 2017. 
 
 
Movement in CET1 capital                                       Three months ended 30.09.21  Nine months ended 30.09.21 
                                                                                      GBPm                        GBPm 
=============================================================  ===========================  ========================== 
Opening CET1 capital                                                                46,225                      46,296 
 
Profit for the period attributable to equity holders                                 1,643                       5,844 
Own credit relating to derivative liabilities                                            5                          22 
Ordinary share dividends paid and foreseen                                           (248)                       (757) 
Purchased and foreseeable share repurchase                                           (500)                     (1,200) 
Other equity coupons paid and foreseen                                               (213)                       (607) 
=============================================================  ===========================  ========================== 
Increase in retained regulatory capital generated from 
 earnings                                                                              687                       3,302 
 
Net impact of share schemes                                                            175                         127 
Fair value through other comprehensive income reserve                                   82                       (168) 
Currency translation reserve                                                           432                        (63) 
Other reserves                                                                         (6)                         (7) 
=============================================================  ===========================  ========================== 
Increase / (decrease) in other qualifying reserves                                     683                       (111) 
 
Pension remeasurements within reserves                                               (177)                        (74) 
Defined benefit pension fund asset deduction                                          (97)                       (599) 
=============================================================  ===========================  ========================== 
Net impact of pensions                                                               (274)                       (673) 
 
Additional value adjustments (PVA)                                                      20                       (281) 
Goodwill and intangible assets                                                        (36)                          64 
Deferred tax assets that rely on future profitability 
 excluding those arising from temporary 
 differences                                                                             2                        (67) 
Adjustment under IFRS 9 transitional arrangements                                        1                     (1,224) 
Other regulatory adjustments                                                           (6)                         (4) 
=============================================================  ===========================  ========================== 
Decrease in regulatory capital due to adjustments and 
 deductions                                                                           (19)                     (1,512) 
 
Closing CET1 capital                                                                47,302                      47,302 
 

CET1 capital increased GBP1.0bn to GBP47.3bn (December 2020: GBP46.3bn). GBP5.8bn of capital generated from profits were partially offset by distributions of GBP2.6bn comprising:

 
 --   GBP0.8bn of dividends paid and foreseen for ordinary shares, which 
       includes GBP0.3bn for the 2.0p per share half year dividend and 
       a GBP0.4bn accrual towards a FY21 dividend 
 --   GBP1.2bn for share buybacks made up of GBP0.7bn for the share buyback 
       announced with FY20 results and GBP0.5bn for the share buyback 
       announced with H121 results; and 
 --   GBP0.6bn of equity coupons paid 
 

Other significant movements in the period were:

 
 --   A GBP0.7bn decrease as a result of movements relating to pensions, 
       largely due to deficit contribution payments of GBP0.35bn in April 
       2021 and September 2021 
 --   A GBP0.3bn increase in the PVA deduction due to the removal of 
       temporary regulatory supporting measures applied to certain additional 
       valuation adjustments 
 --   A GBP1.2bn decrease in IFRS 9 transitional relief, after tax, primarily 
       due to a credit impairment net release, impairment migrations from 
       Stage 2 to Stage 3 and a decrease to the amount of relief applied 
       to the pre-2020 impairment charge reducing to 50% in 2021 from 
       70% in 2020 
 
 
RWAs by risk type and business 
                  Credit risk          Counterparty credit risk         Market Risk 
                ===============  ====================================  ============== 
                                                    Settlement                           Operational 
                   STD      IRB     STD     IRB           Risk    CVA     STD     IMA           risk  Total RWAs 
As at 30.09.21    GBPm     GBPm    GBPm    GBPm           GBPm   GBPm    GBPm    GBPm           GBPm        GBPm 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays UK      7,128   53,981     464       -              -    158     115       -         11,381      73,227 
  Corporate 
   and 
   Investment 
   Bank         26,778   70,842  17,063  19,477            211  2,347  16,399  15,934         23,453     192,504 
  Consumer, 
   Cards and 
   Payments     20,159    2,740     255      30              -     37       -      44          6,948      30,213 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays 
 International  46,937   73,582  17,318  19,507            211  2,384  16,399  15,978         30,401     222,717 
Head Office      4,984    7,344       -       -              -      -       -       -          (808)      11,520 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays Group  59,049  134,907  17,782  19,507            211  2,542  16,514  15,978         40,974     307,464 
 
As at 30.06.21 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays UK      7,151   52,995     437       -              -    163      33       -         11,381      72,160 
  Corporate 
   and 
   Investment 
   Bank         26,406   71,540  15,343  18,973            101  2,668  17,761  18,010         23,453     194,255 
  Consumer, 
   Cards and 
   Payments     19,218    2,509     158      40              -     29       -      55          6,948      28,957 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays 
 International  45,624   74,049  15,501  19,013            101  2,697  17,761  18,065         30,401     223,212 
Head Office      4,591    7,269       -       -              -      -       -       -          (808)      11,052 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays Group  57,366  134,313  15,938  19,013            101  2,860  17,794  18,065         40,974     306,424 
 
As at 31.12.20 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays UK      7,360   54,340     394       -              -    136      72       -         11,359      73,661 
  Corporate 
   and 
   Investment 
   Bank         24,660   73,792  12,047  20,280            246  2,351  13,123  22,363         23,343     192,205 
  Consumer, 
   Cards and 
   Payments     19,754    3,041     177      45              -     31       -      71          6,996      30,115 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays 
 International  44,414   76,833  12,224  20,325            246  2,382  13,123  22,434         30,339     222,320 
Head Office      4,153    6,869       -       -              -      -       -       -          (800)      10,222 
==============  ======  =======  ======  ======  =============  =====  ======  ======  =============  ========== 
Barclays Group  55,927  138,042  12,618  20,325            246  2,518  13,195  22,434         40,898     306,203 
 
 
Movement analysis of RWAs 
                                Credit risk  Counterparty credit risk  Market risk  Operational risk  Total RWAs 
                                       GBPm                      GBPm         GBPm              GBPm        GBPm 
==============================  ===========  ========================  ===========  ================  ========== 
Opening RWAs (as at 31.12.20)       193,969                    35,707       35,629            40,898     306,203 
Book size                             1,903                     3,904      (1,848)                76       4,035 
Acquisitions and disposals          (1,018)                         -            -                 -     (1,018) 
Book quality                            563                       201            -                 -         764 
Model updates                         (962)                     (186)            -                 -     (1,148) 
Methodology and policy                (115)                       416      (1,289)                 -       (988) 
Foreign exchange movements(1)         (384)                         -            -                 -       (384) 
==============================  ===========  ========================  ===========  ================  ========== 
Total RWA movements                    (13)                     4,335      (3,137)                76       1,261 
==============================  ===========  ========================  ===========  ================  ========== 
Closing RWAs (as at 30.09.21)       193,956                    40,042       32,492            40,974     307,464 
 
 
 1   Foreign exchange movements does not include foreign exchange for 
      counterparty credit risk or market risk. 
 

Overall RWAs increased GBP1.3bn to GBP307.5bn (December 2020: GBP306.2bn).

Credit risk RWAs remained broadly stable:

 
 --   A GBP1.9bn increase in book size mainly driven by growth in mortgages 
       within Barclays UK, partially offset by lower consumer lending 
       and ESHLA 
 --   A GBP1.0bn decrease in acquisitions and disposals mainly driven 
       by disposal of wholesale loans during the year 
 

Counterparty Credit risk RWAs increased GBP4.3bn:

 
 --   A GBP3.9bn increase in book size primarily due to an increase in 
       trading activities within SFTs and derivatives 
 

Market risk RWAs decreased GBP3.1bn:

 
 --   A GBP1.8bn decrease in book size primarily due to reduced risk 
       taking in Equities and Counterparty Risk Trading in the period 
 --   A GBP1.3bn decrease in methodology and policy is driven by a change 
       in the historical lookback period of the VaR model from two years 
       to one year 
 

Leverage ratio and exposures

The Group is subject to a leverage ratio requirement of 3.8% as at 30 September 2021. This comprises the 3.25% minimum requirement, a G-SII additional leverage ratio buffer (G-SII ALRB) of 0.53% and a countercyclical leverage ratio buffer of 0.0%. Although the leverage ratio is expressed in terms of T1 capital, 75% of the minimum requirement, equating to 2.4375%, needs to be met with CET1 capital. In addition, the G-SII ALRB must be covered solely with CET1 capital. The CET1 capital held against the 0.53% G-SII ALRB was GBP6.3bn.

The Group is required to disclose an average UK leverage ratio which is based on capital on the last day of each month in the quarter and an exposure measure for each day in the quarter. The Group is also required to disclose a UK leverage ratio based on capital and exposure on the last day of the quarter. Both approaches exclude qualifying claims on central banks from the leverage exposures and include the PRA's adoption of CRR II settlement netting.

On 8 October 2021, the PRA published its Policy Statement on the UK leverage ratio framework. The Policy Statement confirms that UK banks will be subject to a single UK leverage ratio requirement meaning that the CRR leverage ratio will no longer apply for UK banks from 1 January 2022. Whilst largely upholding the existing framework, technical changes generally align to the Basel III standards with the exception of the qualifying claims on central banks exemption. From 1 January 2022 central bank claims can be excluded from the UK leverage ratio measure as long as they are matched by qualifying liabilities (rather than deposits). Minimum requirements for the Group remain the same with minimum requirements also expected to be applied at the individual level; individual requirements may be replaced with a sub-consolidated measure, subject to permission from the PRA, from 1 January 2023.

 
                                              As at 30.09.21  As at 30.06.21  As at 31.12.20 
============================================ 
Leverage ratios(1,2)                                    GBPm            GBPm            GBPm 
============================================  ==============  ==============  ============== 
Average UK leverage ratio                               4.9%            4.8%            5.0% 
Average T1 capital(3)                                 58,580          57,280          57,069 
Average UK leverage exposure                       1,199,774       1,191,986       1,146,919 
 
UK leverage ratio                                       5.1%            5.0%            5.3% 
 
CET1 capital                                          47,302          46,225          46,296 
AT1 capital                                           12,172          11,087          11,092 
============================================  ==============  ==============  ============== 
T1 capital(3)                                         59,474          57,312          57,388 
 
UK leverage exposure                               1,160,983       1,153,570       1,090,907 
 
UK leverage exposure 
============================================  ==============  ==============  ============== 
Accounting assets 
Derivative financial instruments                     258,093         256,636         302,446 
Derivative cash collateral                            54,166          54,063          64,798 
Securities financing transactions                    190,927         182,820         164,034 
Loans and advances and other assets                  903,327         882,814         818,236 
============================================  ==============  ==============  ============== 
Total IFRS assets                                  1,406,513       1,376,333       1,349,514 
 
Regulatory consolidation adjustments                 (2,192)         (1,406)         (1,144) 
 
Derivatives adjustments 
Derivatives netting                                (231,559)       (229,123)       (272,275) 
Adjustments to collateral                           (47,490)        (42,774)        (57,414) 
Net written credit protection                         15,910          16,730          14,986 
Potential future exposure on derivatives             143,517         135,162         117,010 
============================================  ==============  ==============  ============== 
Total derivatives adjustments                      (119,622)       (120,005)       (197,693) 
 
SFTs adjustments                                      24,579          23,511          21,114 
 
Regulatory deductions and other adjustments         (19,454)        (22,525)        (17,469) 
 
Weighted off-balance sheet commitments               115,521         111,870         113,704 
 
Qualifying central bank claims                     (198,817)       (172,465)       (155,890) 
 
Settlement netting                                  (45,545)        (41,743)        (21,229) 
 
UK leverage exposure                               1,160,983       1,153,570       1,090,907 
 
 
 1   Fully loaded average UK leverage ratio was 4.8%, with GBP57.3bn 
      of T1 capital and GBP1,198.5bn of leverage exposure. Fully loaded 
      UK leverage ratio was 5.0%, with GBP58.1bn of T1 capital and GBP1,159.7bn 
      of leverage exposure. Fully loaded UK leverage ratios are calculated 
      without applying the transitional arrangements of the CRR as amended 
      by CRR II. 
 2   Capital and leverage measures are calculated applying the transitional 
      arrangements of the CRR as amended by CRR II. 
 3   T1 capital is calculated in line with the PRA Handbook. 
 

The average UK leverage ratio decreased to 4.9% (December 2020: 5.0%). The average leverage exposure increased by GBP52.9bn to GBP1,199.8bn (December 2020: GBP1,146.9bn) largely driven by an increase in SFTs, PFE on derivatives and TPAs.

The UK leverage ratio decreased to 5.1% (December 2020: 5.3%). The UK leverage exposure increased by GBP70.1bn to GBP1,161.0bn (December 2020: GBP1,090.9bn) primarily driven by a GBP26.9bn increase in SFTs, a GBP26.5bn increase in PFE on derivatives and a GBP17.0bn increase in TPAs due to increased trading activity in CIB.

The Group also discloses a CRR leverage ratio (1) within its additional regulatory disclosures prepared in accordance with EBA guidelines on disclosure under Part Eight of the CRR (see Barclays PLC Pillar 3 Report Q3 2021, expected to be published on 21 October 2021 and which will be available at home.barclays/investor-relations/reports-and-events/latest-financial-results ).

 
 1   CRR leverage ratio as amended by CRR II. 
 

MREL

The Group is currently required to meet the higher of: (i) the requirements set by the BoE based on RWAs and the higher of average and UK leverage exposures; and (ii) the requirements in CRR as amended by CRR II based on RWAs and CRR leverage exposures. The MREL requirements are subject to phased implementation and will be fully implemented by 1 January 2022. As at 30 September 2021, the Group's MREL requirement was to meet 6.9% of CRR leverage exposures.

On 22 July 2021 the BoE published a consultation paper on its approach to setting MREL. Under the proposed changes to their 2018 Statement of Policy, from 1 January 2022, the Group's expected MREL requirements will be to meet the higher of: (i) two times the sum of Pillar 1 and Pillar 2A; and (ii) the higher of two times the applicable leverage ratio requirement or 6.75% of leverage exposures. Given UK banks will be subject to a single UK leverage ratio requirement from 1 January 2022, the CRR leverage exposure requirements in relation to MREL may not apply from that date. Additionally, the proposals clarify that own funds instruments issued by subsidiaries will no longer be eligible to count towards the Group's MREL from 1 January 2022.

CET1 capital cannot be counted towards both MREL and the capital buffers, meaning that the buffers will effectively be applied above MREL requirements.

 
Own funds and 
eligible liabilities 
ratios(1,2)                       As a percentage of RWAs                As a percentage of CRR leverage exposure 
                       =============================================  ============================================== 
                               As at 
                            30.09.21  As at 30.06.21  As at 31.12.20  As at 30.09.21  As at 30.06.21  As at 31.12.20 
=====================  =============  ==============  ==============  ==============  ==============  ============== 
Total Barclays PLC 
 (the Parent company) 
 own funds and 
 eligible liabilities          34.8%           33.7%           32.7%            7.8%            7.7%            8.0% 
Total own funds and 
 eligible 
 liabilities, 
 including eligible 
 Barclays Bank PLC 
 instruments                   35.5%           34.4%           33.6%            8.0%            7.9%            8.2% 
 
Own funds and 
eligible 
liabilities(1,2)                                                      As at 30.09.21  As at 30.06.21  As at 31.12.20 
                                                                                GBPm            GBPm            GBPm 
=====================  =============  ==============  ==============  ==============  ==============  ============== 
CET1 capital                                                                  47,302          46,225          46,296 
AT1 capital instruments and related share premium accounts(3)                 12,172          11,087          11,092 
T2 capital 
 instruments and 
 related share 
 premium accounts(3)                                                           8,865           8,888           7,733 
Eligible liabilities                                                          38,787          37,095          35,086 
=====================  =============  ==============  ==============  ==============  ==============  ============== 
Total Barclays PLC (the Parent company) own funds and eligible 
 liabilities                                                                 107,126         103,295         100,207 
Qualifying AT1 capital (including minority interests) issued by 
 subsidiaries                                                                    636             648             646 
Qualifying T2 capital (including minority interests) issued by 
 subsidiaries                                                                  1,306           1,401           1,893 
                                                                      ==============  ==============  ============== 
Total own funds and eligible liabilities, including eligible 
 Barclays Bank PLC instruments                                               109,068         105,344         102,746 
 
Total RWAs                                                                   307,464         306,424         306,203 
Total CRR leverage 
 exposure(4)                                                               1,368,259       1,334,929       1,254,157 
 
 
 1   CET1, T1 and T2 capital, and RWAs are calculated applying the transitional 
      arrangements of the CRR as amended by CRR II. This includes IFRS 
      9 transitional arrangements and the grandfathering of CRR and CRR 
      II non-compliant capital instruments. 
 2   The BoE has set external MREL based on the higher of RWAs and CRR 
      or UK leverage exposures which could result in the binding measure 
      changing in future periods. The 30 September 2021 Barclays PLC 
      (the Parent company) own funds and eligible liabilities ratio as 
      a percentage of the UK leverage exposure was 9.2% and as a percentage 
      of the average UK leverage exposure was 8.9%. 
 3   Includes other AT1 capital regulatory adjustments and deductions 
      of GBP80m (December 2020: GBP80m), and other T2 credit risk adjustments 
      and deductions of GBP62m (December 2020: GBP103m). 
 4   Fully loaded CRR leverage exposure is calculated without applying 
      the transitional arrangements of the CRR as amended by CRR II. 
 

Condensed Consolidated Financial Statements

 
Condensed consolidated income statement (unaudited) 
                                                      Nine months ended 30.09.21  Nine months ended 30.09.20 
                                                                            GBPm                        GBPm 
====================================================  ==========================  ========================== 
Total income                                                              16,780                      16,825 
Credit impairment releases/(charges)                                         622                     (4,346) 
====================================================  ==========================  ========================== 
Net operating income                                                      17,402                      12,479 
Operating expenses excluding litigation and conduct                     (10,578)                     (9,954) 
Litigation and conduct                                                     (131)                       (106) 
====================================================  ==========================  ========================== 
Operating expenses                                                      (10,709)                    (10,060) 
Other net income                                                             247                           - 
====================================================  ==========================  ========================== 
Profit before tax                                                          6,940                       2,419 
Tax charge                                                               (1,076)                       (441) 
====================================================  ==========================  ========================== 
Profit after tax                                                           5,864                       1,978 
 
Attributable to: 
====================================================  ==========================  ========================== 
Equity holders of the parent                                               5,258                       1,306 
Other equity instrument holders                                              586                         631 
====================================================  ==========================  ========================== 
Total equity holders of the parent                                         5,844                       1,937 
Non-controlling interests                                                     20                          41 
====================================================  ==========================  ========================== 
Profit after tax                                                           5,864                       1,978 
 
Earnings per share                                                             p                           p 
====================================================  ==========================  ========================== 
Basic earnings per ordinary share                                           30.8                         7.6 
 
 
Condensed consolidated balance sheet (unaudited) 
                                                                           As at 30.09.21  As at 31.12.20 
Assets                                                                               GBPm            GBPm 
=========================================================================  ==============  ============== 
Cash and balances at central banks                                                227,641         191,127 
Cash collateral and settlement balances                                           119,196         101,367 
Loans and advances at amortised cost                                              352,997         342,632 
Reverse repurchase agreements and other similar secured lending                     4,608           9,031 
Trading portfolio assets                                                          144,946         127,950 
Financial assets at fair value through the income statement                       204,424         175,151 
Derivative financial instruments                                                  258,093         302,446 
Financial assets at fair value through other comprehensive income                  70,748          78,688 
Investments in associates and joint ventures                                          995             781 
Goodwill and intangible assets                                                      8,147           7,948 
Current tax assets                                                                    212             477 
Deferred tax assets                                                                 4,189           3,444 
Other assets                                                                       10,317           8,472 
=========================================================================  ==============  ============== 
Total assets                                                                    1,406,513       1,349,514 
 
Liabilities 
=========================================================================  ==============  ============== 
Deposits at amortised cost                                                        510,188         481,036 
Cash collateral and settlement balances                                           106,115          85,423 
Repurchase agreements and other similar secured borrowing                          22,790          14,174 
Debt securities in issue                                                           95,865          75,796 
Subordinated liabilities                                                           12,863          16,341 
Trading portfolio liabilities                                                      61,863          47,405 
Financial liabilities designated at fair value                                    262,091         249,765 
Derivative financial instruments                                                  252,445         300,775 
Current tax liabilities                                                               615             645 
Deferred tax liabilities                                                                4              15 
Other liabilities                                                                  11,913          11,257 
=========================================================================  ==============  ============== 
Total liabilities                                                               1,336,752       1,282,632 
 
Equity 
=========================================================================  ==============  ============== 
Called up share capital and share premium                                           4,542           4,637 
Other reserves                                                                      2,687           4,461 
Retained earnings                                                                  49,216          45,527 
=========================================================================  ==============  ============== 
Shareholders' equity attributable to ordinary shareholders of the parent           56,445          54,625 
Other equity instruments                                                           12,252          11,172 
=========================================================================  ==============  ============== 
Total equity excluding non-controlling interests                                   68,697          65,797 
Non-controlling interests                                                           1,064           1,085 
=========================================================================  ==============  ============== 
Total equity                                                                       69,761          66,882 
 
Total equity and liabilities                                                    1,406,513       1,349,514 
 
 
Condensed consolidated statement of changes in equity (unaudited) 
                     Called up 
                 share capital 
                     and share    Other equity                        Retained           Non-controlling 
                       premium     instruments  Other reserves        earnings    Total        interests  Total equity 
Nine months 
ended 30.09.21            GBPm            GBPm            GBPm            GBPm     GBPm             GBPm          GBPm 
===============  =============  ==============  ==============  ==============  =======  ===============  ============ 
Balance as at 1 
 January 2021            4,637          11,172           4,461          45,527   65,797            1,085        66,882 
Profit after 
 tax                         -             586               -           5,258    5,844               20         5,864 
Retirement 
 benefit 
 remeasurements              -               -               -            (74)     (74)                -          (74) 
Other                        -               -         (1,904)               -  (1,904)                -       (1,904) 
Total 
 comprehensive 
 income for the 
 period                      -             586         (1,904)           5,184    3,866               20         3,886 
Equity settled 
 share schemes              37               -               -             402      439                -           439 
Issue and 
 exchange of 
 other equity 
 instruments                 -           1,079               -               -    1,079                -         1,079 
Other equity 
 instruments 
 coupon paid                 -           (586)               -               -    (586)                -         (586) 
Vesting of 
 employee share 
 schemes                     -               -             (4)           (401)    (405)                -         (405) 
Dividends paid               -               -               -           (512)    (512)             (17)         (529) 
Repurchase of 
 shares                  (132)               -             132           (980)    (980)                -         (980) 
Other movements              -               1               2             (4)      (1)             (24)          (25) 
===============  =============  ==============  ==============  ==============  =======  ===============  ============ 
Balance as at 
 30 September 
 2021                    4,542          12,252           2,687          49,216   68,697            1,064        69,761 
 
Three months 
ended 30.09.21 
===============  =============  ==============  ==============  ==============  =======  ===============  ============ 
Balance as at 1 
 July 2021               4,568          11,167           2,856          48,461   67,052            1,064        68,116 
Profit after 
 tax                         -             197               -           1,446    1,643                1         1,644 
Retirement 
 benefit 
 remeasurements              -               -               -           (177)    (177)                -         (177) 
Other                        -               -           (201)               -    (201)                -         (201) 
===============  =============  ==============  ==============  ==============  =======  ===============  ============ 
Total 
 comprehensive 
 income for the 
 period                      -             197           (201)           1,269    1,265                1         1,266 
Equity settled 
 share schemes              12               -               -             113      125                -           125 
Issue and 
 exchange of 
 other equity 
 instruments                 -           1,079               -               -    1,079                -         1,079 
Other equity 
 instruments 
 coupon paid                 -           (197)               -               -    (197)                -         (197) 
Vesting of 
 employee share 
 schemes                     -               -             (8)             (4)     (12)                -          (12) 
Dividends paid               -               -               -           (339)    (339)              (1)         (340) 
Repurchase of 
 shares                   (38)               -              38           (280)    (280)                -         (280) 
Other movements              -               6               2             (4)        4                -             4 
===============  =============  ==============  ==============  ==============  =======  ===============  ============ 
Balance as at 
 30 September 
 2021                    4,542          12,252           2,687          49,216   68,697            1,064        69,761 
 
 
                                                        As at 30.09.21  As at 31.12.20 
Other reserves                                                    GBPm            GBPm 
======================================================  ==============  ============== 
Currency translation reserve                                     2,808           2,871 
Fair value through other comprehensive income reserve            (163)               5 
Cash flow hedging reserve                                         (48)           1,575 
Own credit reserve                                             (1,002)           (954) 
Other reserves and treasury shares                               1,092             964 
======================================================  ==============  ============== 
Total                                                            2,687           4,461 
 

Appendix: Non-IFRS Performance Measures

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

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

Non-IFRS performance measures glossary

 
Measure                                          Definition 
===============================================  ===================================================================== 
Loan: deposit ratio                              Loans and advances at amortised cost divided by deposits at amortised 
                                                 cost. 
Period end allocated tangible equity             Allocated tangible equity is calculated as 13.5% (2020: 13.0%) of 
                                                 RWAs for each business, 
                                                 adjusted for capital deductions, excluding goodwill and intangible 
                                                 assets, reflecting the 
                                                 assumptions the Group uses for capital planning purposes. Head Office 
                                                 allocated tangible equity 
                                                 represents the difference between the Group's tangible shareholders' 
                                                 equity and the amounts 
                                                 allocated to businesses. 
Average tangible shareholders' equity            Calculated as the average of the previous month's period end tangible 
                                                 equity and the current 
                                                 month's period end tangible equity. The average tangible 
                                                 shareholders' equity for the period 
                                                 is the average of the monthly averages within that period. 
Average allocated tangible equity                Calculated as the average of the previous month's period end 
                                                 allocated tangible equity and 
                                                 the current month's period end allocated tangible equity. The average 
                                                 allocated tangible equity 
                                                 for the period is the average of the monthly averages within that 
                                                 period. 
Return on average tangible shareholders' equity  Annualised profit after tax attributable to ordinary equity holders 
                                                 of the parent, as a proportion 
                                                 of average shareholders' equity excluding non-controlling interests 
                                                 and other equity instruments 
                                                 adjusted for the deduction of intangible assets and goodwill. The 
                                                 components of the calculation 
                                                 have been included on pages 39 to 41. 
Return on average allocated tangible equity      Annualised profit after tax attributable to ordinary equity holders 
                                                 of the parent, as a proportion 
                                                 of average allocated tangible equity. The components of the 
                                                 calculation have been included 
                                                 on pages 39 to 42. 
Cost: income ratio                               Total operating expenses divided by total income. 
Loan loss rate                                   Quoted in basis points and represents total annualised impairment 
                                                 charges divided by gross 
                                                 loans and advances held at amortised cost at the balance sheet date. 
                                                 The components of the 
                                                 calculation have been included on page 22. Quoted as zero when credit 
                                                 impairment is a net 
                                                 release. 
Net interest margin                              Annualised net interest income divided by the sum of average customer 
                                                 assets. The components 
                                                 of the calculation have been included on pages 20 to 21. 
Tangible net asset value per share               Calculated by dividing shareholders' equity, excluding 
                                                 non-controlling interests and other 
                                                 equity instruments, less goodwill and intangible assets, by the 
                                                 number of issued ordinary 
                                                 shares. The components of the calculation have been included on page 
                                                 43. 
 

Returns

Return on average tangible equity is calculated as profit after tax attributable to ordinary equity holders of the parent as a proportion of average tangible equity, excluding non-controlling and other equity interests for businesses. Allocated tangible equity has been calculated as 13.5% (2020: 13.0%) of RWAs for each business, adjusted for capital deductions, excluding goodwill and intangible assets, reflecting the assumptions the Group uses for capital planning purposes. Head Office average allocated tangible equity represents the difference between the Group's average tangible shareholders' equity and the amounts allocated to businesses.

 
                                 Profit/(loss) attributable 
                                 to ordinary equity holders                             Return on average tangible 
                                              of the parent  Average tangible equity                        equity 
Nine months ended 30.09.21                             GBPm                    GBPbn                             % 
=============================  ============================  =======================  ============================ 
Barclays UK                                           1,336                      9.9                          17.9 
   Corporate and Investment 
    Bank                                              3,469                     28.2                          16.4 
   Consumer, Cards and 
    Payments                                            492                      4.0                          16.2 
=============================  ============================  =======================  ============================ 
Barclays International                                3,961                     32.2                          16.4 
Head Office                                            (39)                      5.0                           n/m 
=============================  ============================  =======================  ============================ 
Barclays Group                                        5,258                     47.1                          14.9 
 
Nine months ended 30.09.20 
=============================  ============================  =======================  ============================ 
Barclays UK                                             165                     10.2                           2.2 
   Corporate and Investment 
    Bank                                              2,141                     27.2                          10.5 
   Consumer, Cards and 
    Payments                                          (362)                      4.6                        (10.6) 
=============================  ============================  =======================  ============================ 
Barclays International                                1,779                     31.8                           7.5 
Head Office                                           (638)                      6.5                           n/m 
=============================  ============================  =======================  ============================ 
Barclays Group                                        1,306                     48.5                           3.6 
 
 
 
                                                        Nine months ended 30.09.21 
                    ================================================================================================== 
                                     Corporate and    Consumer, Cards            Barclays 
                    Barclays UK    Investment Bank       and Payments       International  Head Office  Barclays Group 
Return on average 
tangible 
shareholders' 
equity                     GBPm               GBPm               GBPm                GBPm         GBPm            GBPm 
==================  ===========  =================  =================  ==================  ===========  ============== 
Attributable 
 profit/(loss)            1,336              3,469                492               3,961         (39)           5,258 
 
                          GBPbn              GBPbn              GBPbn               GBPbn        GBPbn           GBPbn 
==================  ===========  =================  =================  ==================  ===========  ============== 
Average 
 shareholders' 
 equity                    13.5               28.2                4.7                32.9          8.7            55.1 
Average goodwill 
 and intangibles          (3.6)                  -              (0.7)               (0.7)        (3.7)           (8.0) 
==================  ===========  =================  =================  ==================  ===========  ============== 
Average tangible 
 shareholders' 
 equity                     9.9               28.2                4.0                32.2          5.0            47.1 
 
Return on average 
 tangible 
 shareholders' 
 equity                   17.9%              16.4%              16.2%               16.4%          n/m           14.9% 
 
 
                                                        Nine months ended 30.09.20 
                    ================================================================================================== 
                                     Corporate and    Consumer, Cards            Barclays 
                    Barclays UK    Investment Bank       and Payments       International  Head Office  Barclays Group 
Return on average 
tangible 
shareholders' 
equity                     GBPm               GBPm               GBPm                GBPm         GBPm            GBPm 
==================  ===========  =================  =================  ==================  ===========  ============== 
Attributable 
 profit/(loss)              165              2,141              (362)               1,779        (638)           1,306 
 
                          GBPbn              GBPbn              GBPbn               GBPbn        GBPbn           GBPbn 
==================  ===========  =================  =================  ==================  ===========  ============== 
Average 
 shareholders' 
 equity                    13.7               27.2                5.2                32.4         10.5            56.6 
Average goodwill 
 and intangibles          (3.5)                  -              (0.6)               (0.6)        (4.0)           (8.1) 
==================  ===========  =================  =================  ==================  ===========  ============== 
Average tangible 
 shareholders' 
 equity                    10.2               27.2                4.6                31.8          6.5            48.5 
 
Return on average 
 tangible 
 shareholders' 
 equity                    2.2%              10.5%            (10.6)%                7.5%          n/m            3.6% 
 
 
Barclays Group 
                                                   Q321   Q221   Q121   Q420   Q320   Q220   Q120   Q419 
================================================ 
Return on average tangible shareholders' equity    GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm 
================================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Attributable profit                               1,446  2,108  1,704    220    611     90    605    681 
 
                                                  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn 
================================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average shareholders' equity                       56.6   54.4   54.4   55.7   56.4   58.4   55.2   54.5 
Average goodwill and intangibles                  (8.2)  (7.9)  (7.9)  (8.1)  (8.1)  (8.2)  (8.2)  (8.1) 
================================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average tangible shareholders' equity              48.4   46.5   46.5   47.6   48.3   50.2   47.0   46.4 
 
Return on average tangible shareholders' equity   11.9%  18.1%  14.7%   1.8%   5.1%   0.7%   5.1%   5.9% 
 
 
Barclays UK 
                                               Q321   Q221   Q121   Q420   Q320    Q220   Q120   Q419 
Return on average allocated tangible equity    GBPm   GBPm   GBPm   GBPm   GBPm    GBPm   GBPm   GBPm 
============================================  =====  =====  =====  =====  =====  ======  =====  ===== 
Attributable profit/(loss)                      317    721    298    160    113   (123)    175    438 
 
                                              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn   GBPbn  GBPbn  GBPbn 
============================================  =====  =====  =====  =====  =====  ======  =====  ===== 
Average allocated equity                       13.6   13.5   13.5   13.4   13.7    13.9   13.7   13.8 
Average goodwill and intangibles              (3.6)  (3.6)  (3.6)  (3.6)  (3.6)   (3.6)  (3.6)  (3.5) 
============================================  =====  =====  =====  =====  =====  ======  =====  ===== 
Average allocated tangible equity              10.0    9.9    9.9    9.8   10.1    10.3   10.1   10.3 
 
Return on average allocated tangible equity   12.7%  29.1%  12.0%   6.5%   4.5%  (4.8)%   6.9%  17.0% 
 
 
Barclays International 
                                               Q321   Q221   Q121   Q420   Q320   Q220   Q120   Q419 
Return on average allocated tangible equity    GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Attributable profit                           1,263  1,267  1,431    441    782    468    529    397 
 
                                              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average allocated equity                       32.7   33.0   32.8   31.1   31.2   34.2   31.9   31.9 
Average goodwill and intangibles              (0.9)  (0.6)  (0.5)  (0.6)  (0.6)  (0.7)  (0.7)  (1.0) 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average allocated tangible equity              31.8   32.4   32.3   30.5   30.6   33.5   31.2   30.9 
 
Return on average allocated tangible equity   15.9%  15.6%  17.7%   5.8%  10.2%   5.6%   6.8%   5.1% 
 
 
 
Corporate and Investment Bank 
                                               Q321   Q221   Q121   Q420   Q320   Q220   Q120   Q419 
Return on average allocated tangible equity    GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm   GBPm 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Attributable profit                           1,157  1,049  1,263    413    627    694    820    193 
 
                                              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn  GBPbn 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average allocated equity                       27.8   28.4   28.2   26.3   26.4   29.1   26.2   25.9 
Average goodwill and intangibles                  -      -      -      -      -  (0.1)      -  (0.1) 
============================================  =====  =====  =====  =====  =====  =====  =====  ===== 
Average allocated tangible equity              27.8   28.4   28.2   26.3   26.4   29.0   26.2   25.8 
 
Return on average allocated tangible equity   16.6%  14.8%  17.9%   6.3%   9.5%   9.6%  12.5%   3.0% 
 
 
Consumer, Cards and Payments 
                                               Q321   Q221   Q121   Q420   Q320     Q220     Q120   Q419 
Return on average allocated tangible equity    GBPm   GBPm   GBPm   GBPm   GBPm     GBPm     GBPm   GBPm 
============================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Attributable profit/(loss)                      106    218    168     28    155    (226)    (291)    204 
 
                                              GBPbn  GBPbn  GBPbn  GBPbn  GBPbn    GBPbn    GBPbn  GBPbn 
============================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Average allocated equity                        4.9    4.6    4.6    4.8    4.8      5.1      5.7    6.0 
Average goodwill and intangibles              (0.9)  (0.6)  (0.5)  (0.6)  (0.6)    (0.6)    (0.7)  (0.9) 
============================================  =====  =====  =====  =====  =====  =======  =======  ===== 
Average allocated tangible equity               4.0    4.0    4.1    4.2    4.2      4.5      5.0    5.1 
 
Return on average allocated tangible equity   10.5%  21.8%  16.5%   2.7%  14.7%  (20.2)%  (23.5)%  15.9% 
 
 
Tangible net asset value per share                                      As at 30.09.21  As at 31.12.20  As at 30.09.20 
                                                                                  GBPm            GBPm            GBPm 
======================================================================  ==============  ==============  ============== 
Total equity excluding non-controlling interests                                68,697          65,797          67,816 
Other equity instruments                                                      (12,252)        (11,172)        (12,012) 
Goodwill and intangibles                                                       (8,147)         (7,948)         (8,163) 
======================================================================  ==============  ==============  ============== 
Tangible shareholders' equity attributable to ordinary shareholders of 
 the parent                                                                     48,298          46,677          47,641 
 
                                                                                     m               m               m 
======================================================================  ==============  ==============  ============== 
Shares in issue                                                                 16,851          17,359          17,353 
 
                                                                                     p               p               p 
======================================================================  ==============  ==============  ============== 
Tangible net asset value per share                                                 287             269             275 
 
 

Shareholder Information

 
Results timetable(1)                                                               Date 
=========================================================  ==========  ==========  =========  =========  ======== 
2021 Full Year Results and Annual Report                                           23 February 2022 
 
 
 
                                                                                                  % Change(3) 
Exchange rates(2)                                            30.09.21    30.06.21   30.09.20   30.06.21  30.09.20 
=========================================================  ==========  ==========  =========  =========  ======== 
Period end - USD/GBP                                             1.35        1.38       1.29       (2)%        5% 
YTD average - USD/GBP                                            1.39        1.39       1.27          -        9% 
3 month average - USD/GBP                                        1.38        1.40       1.29       (1)%        7% 
Period end - EUR/GBP                                             1.16        1.17       1.10       (1)%        5% 
YTD average - EUR/GBP                                            1.16        1.15       1.13         1%        3% 
3 month average - EUR/GBP                                        1.17        1.16       1.11         1%        5% 
 
Share price data 
=========================================================  ==========  ==========  =========  =========  ======== 
Barclays PLC (p)                                               189.60      171.12      97.61 
Barclays PLC number of shares (m)                              16,851      16,998     17,353 
 
For further information please contact 
 
Investor relations                                         Media relations 
========================================================= 
Chris Manners +44 (0) 20 7773 2136                         Tom Hoskin +44 (0) 20 7116 4755 
 
More information on Barclays can be found on our website: home.barclays . 
 
Registered office 
1 Churchill Place, London, E14 5HP, United Kingdom. Tel: +44 (0) 20 7116 1000. Company number: 
 48839. 
 
Registrar 
Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom. 
Tel: 0371 384 2055(4) from the UK or +44 121 415 7004 from overseas. 
 
American Depositary Receipts (ADRs) 
Shareowner Services 
StockTransfer@equiniti.com 
Tel: +1 800 990 1135 (toll free in US and Canada), +1 651 453 2128 (outside the US and Canada) 
Shareowner Services, PO Box 64504, St Paul, MN 55164-0504, USA. 
 
Delivery of ADR certificates and overnight mail 
Shareowner Services, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120, USA. 
 
 
 1   Note that these dates are provisional and subject to change. 
 2   The average rates shown above are derived from daily spot rates 
      during the year. 
 3   The change is the impact to GBP reported information. 
 4   Lines open 8.30am to 5.30pm (UK time), Monday to Friday, excluding 
      UK public holidays in England and Wales. 
 

Notes

The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. Unless otherwise stated, the income statement analysis compares the nine months ended 30 September 2021 to the corresponding nine months of 2020 and balance sheet analysis as at 30 September 2021 with comparatives relating to 31 December 2020 and 30 September 2020. The abbreviations 'GBPm' and 'GBPbn' represent millions and thousands of millions of Pounds Sterling respectively; the abbreviations '$m' and '$bn' represent millions and thousands of millions of US Dollars respectively; and the abbreviations 'EURm' and 'EURbn' represent millions and thousands of millions of Euros respectively.

There are a number of key judgement areas, for example impairment calculations, which are based on 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 Standards (IFRS) are explained in the results glossary that can be accessed at home.barclays/investor-relations/reports-and-events/latest-financial-results .

The information in this announcement, which was approved by the Board of Directors on 20 October 2021, does not comprise statutory accounts within the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2020, 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) have been delivered to the Registrar of Companies in accordance with Section 441 of the Companies Act 2006.

These results will be furnished as a Form 6-K to 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 SEC's website at www.sec.gov .

Barclays is a frequent issuer 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 relating to the Group.

Non-IFRS performance measures

Barclays' management believes that the non-IFRS performance measures included in this document provide valuable information to the readers of the financial statements as they enable the reader to identify a more consistent basis for comparing the businesses' performance between financial periods and provide more detail concerning the elements of performance which the managers of these businesses are most directly able to influence or are relevant for an assessment of the Group. They also reflect an important aspect of the way in which operating targets are defined and performance is monitored by 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 38 to 43 for further information and calculations of non-IFRS performance measures included throughout this document, and the most directly comparable IFRS measures.

Forward-looking statements

This 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 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 forward-looking statements. These 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' or other words of similar meaning. Forward-looking statements can be made in writing but also may be made verbally by members of the management of the Group (including, without limitation, during management presentations to financial analysts) in connection with this document. Examples of forward-looking statements include, among others, statements or guidance regarding or relating to the Group's future financial position, income growth, assets, impairment charges, provisions, business strategy, capital, leverage and other regulatory ratios, capital distributions (including dividend pay-out ratios and expected payment strategies), projected levels of growth in the banking and financial markets, projected costs or savings, any commitments and targets, estimates of capital expenditures, plans and objectives for future operations, projected employee numbers, IFRS impacts and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. The forward-looking statements speak only as at the date on which they are made. Forward-looking statements may be affected by changes in legislation, the development of standards and interpretations under IFRS, including evolving practices with regard to the interpretation and application of accounting and regulatory standards, the outcome of current and future legal proceedings and regulatory investigations, future levels of conduct provisions, the policies and actions of governmental and regulatory authorities, the Group's ability along with governments and other stakeholders to measure, manage and mitigate the impacts of climate change effectively, geopolitical risks and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other regulatory rules applicable to past, current and future periods; UK, US, Eurozone and global macroeconomic and business conditions; the effects of any volatility in credit markets; market related risks such as changes in interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities; volatility in capital markets; changes in credit ratings of any entity within the Group or any securities issued by such entities; direct and indirect impacts of the coronavirus (COVID-19) pandemic; instability as a result of the UK's exit from the European Union ("EU"), the effects of the EU-UK Trade and Cooperation Agreement and the disruption that may subsequently result in the UK and globally; the risk of cyber-attacks, information or security breaches or technology failures on the Group's reputation, business or operations; and the success of future acquisitions, disposals and other strategic transactions. A number of these influences and factors are beyond the Group's control. As a result, the Group's actual financial position, future results, capital distributions, capital, leverage or other regulatory ratios or other financial and non-financial metrics or performance measures may differ materially from the statements or guidance set forth in the Group's forward-looking statements. Additional risks and factors which may impact the Group's future financial condition and performance are identified in Barclays PLC's filings with the SEC (including, without limitation, Barclays PLC's Annual Report on Form 20-F for the fiscal year ended 31 December 2020 and Interim Results Announcement for the six months ended 30 June 2021 filed on Form 6-K), which are available on the SEC's website at www.sec.gov .

Subject to Barclays' 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 any forward-looking statements, whether as a result of new information, future events or otherwise.

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