Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (October 2019)
60 slides from Barclays's debt investor presentation, Oct 25, 2019
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays PLC Fixed Income Investor Presentation Q3 2019 Results Announcement 25 October 2019
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strategy, Targets and Guidance
Slide 3: Focused on profitability and returning capital to shareholders
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Focused on profitability and returning capital to shareholders Q319 highlights Group targets CET1 ratio CET1 ratio2 Capital retur
Slide 4: Q319 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Group highlights Resilient performance delivering a 10.2% RoTE, excluding L&C Returns1 Attributable profit of £1.2bn resulte
Slide 5: Think digital, think Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Think digital, think Barclays UK Building meaningful relationships with our 24 million customers Changing the shape of our busine
Slide 6: Barclays International: Improving share in the CIB
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays International: Improving share in the CIB Gaining share in Markets and Banking Markets1 Banking fees2 20bps 30bps XX
Slide 7: Barclays International: Consumer, Cards & Payments opportunities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays International: Consumer, Cards & Payments opportunities Portfolio of leading franchises with high returns and growth pot
Slide 8: 2019 cost guidance remains unchanged
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS 2019 cost guidance remains unchanged Cost control remains on track as we continue to prioritise cost efficiency measures Absolute
Slide 9: Focus on ESG
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Focus on ESG Growing momentum on key Environmental, Social and Governance factors across the firm Progress on key ESG factors Sus
Slide 10: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Performance
Slide 11: Q319 YTD Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 YTD Group highlights Group RoTE of 9.7% with 2% positive cost: income jaws • All businesses generated RoTEs in excess of 9%
Slide 12: Q319 Group highlights
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Group highlights Generated attributable profit of £1.2bn and 9% positive cost: income jaws • Income increased 8% driven by a
Slide 13: Q319 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays UK RoTE of 21.2% with 1% positive cost: income jaws and an improved risk profile in UK cards • Strong RoTE of 21.2%
Slide 14: Q319 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays International Diversified business delivered a third consecutive quarter of double digit returns • Achieved RoTE of
Slide 15: Q319 Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays International: Corporate & Investment Bank Robust performance with RoTE of 9.2% and significantly positive cost: in
Slide 16: Q319 Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays International: Consumer, Cards & Payments RoTE of 14.0% with steady growth in US Cards and investments across CC&P
Slide 17: Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Head Office Q318 Q219 Q319 • Q319 negative income included: – c.£30m residual negative income impact from legacy capital instrume
Slide 18: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Capital & Leverage
Slide 19: Q319 CET1 ratio of 13.4% benefited from removal of operational risk RWA floor
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 CET1 ratio of 13.4% benefited from the removal of the operational risk RWA floor by c.60bps c.60bps positive CET1 ratio impa
Slide 20: CET1 ratio progression
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS CET1 ratio progression 13.4% with strong capital generation from profits CET1 ratio1 CET1 • CET1 ratio of 13.4% £42.9bn £41.9bn r
Slide 21: Strong Group CET1 and leverage ratios
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Strong Group CET1 and leverage ratios Fully loaded and transitional CET1 ratio Fully loaded CET1 ratio IFRS 9 transitional benefi
Slide 22: Prudently managing the Group's capital position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Prudently managing the Group’s capital position Group’s CET1 managed to remain above the regulatory minimum, pass stress tests, a
Slide 23: Managing evolving future Group minimum leverage requirements
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Managing evolving future Group minimum leverage requirements Minimum leverage requirements and buffers under the UK regime • We c
Slide 24: Transition to 2022 capital structure well established
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Transition to 2022 capital structure well established Expect to maintain prudent headroom above AT1 and Tier 2 minimums Illustrat
Slide 25: Managing the call and maturity profiles of BPLC and BBPLC capital instruments
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Managing the call and maturity profiles of BPLC and BBPLC capital instruments BPLC capital call and maturity profile (£bn) BPLC A
Slide 26: ADI position supports strong distribution capacity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS ADI position supports strong distribution capacity Distribution capacity as at 31 December 2018 (£m) Distributable items ADI Barc
Slide 27: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS MREL, Funding and Liquidity
Slide 28: Successfully transitioning to a HoldCo funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Successfully transitioning to a HoldCo funding model Completed c.£8bn of expected MREL issuance in 2019 HoldCo MREL position and
Slide 29: Continued progress in HoldCo issuance
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Continued progress in HoldCo issuance HoldCo issuance by year1 (£bn) 2019 YTD HoldCo issuance by currency3 AT1 Tier 2 Senior unse
Slide 30: Balanced HoldCo funding profile by debt class and tenor
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Balanced HoldCo funding profile by debt class and tenor Barclays PLC AT1 Tier 2 Senior 20% By 15% product £55bn 66% BPLC AT1 capi
Slide 31: High quality liquidity position
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS High quality liquidity position Conservatively positioned liquidity pool, LDR and lower reliance on short-term wholesale funding
Slide 32: Illustrative UK approach to resolution
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Illustrative UK approach to resolution1 OpCo waterfall Intercompany investments HoldCo waterfall • Total OpCo losses which exceed
Slide 33: Divisions and Legal Entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Divisions and Legal Entities
Slide 34: Legal entity structure of the Group since April 2018
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Legal entity structure of the Group since April 2018 Barclays PLC Barclays International Barclays UK and Head Office1 Market lead
Slide 35: Diversified funding sources across all legal entities
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Diversified funding sources across all legal entities1 Majority of funding within legal entities through deposits Barclays PLC 55
Slide 36: Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Deposit and wholesale funding sources of Barclays Bank UK PLC and Barclays Bank PLC Barclays PLC Barclays Bank UK PLC Barclays Ba
Slide 37: Wholesale funding composition as at 30 June 2019
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Wholesale funding composition as at 30 June 20191 <1 1-3 3-6 6-12 Total 1-2 2-3 3-4 4-5 As at 30 June 2019 (£bn) >5 years Total m
Slide 38: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Credit Ratings
Slide 39: Ratings remain a key priority
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Ratings remain a key priority Focus on strategy execution and achieving performance targets to improve ratings Current Senior Lon
Slide 40: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays rating composition for senior debt Standard & Poor’s Fitch Moody’s BPLC BBPLC BBUKPLC BPLC BBPLC BBUKPLC BPLC BBPLC BBUK
Slide 41: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Barclays rating composition for subordinated debt Standard & Poor’s Fitch Moody’s Baseline Stand-alone Stand-Alone Viability bbb+
Slide 42: Brexit Preparations
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Brexit Preparations
Slide 43: Diversified and prudently positioned
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Diversified and prudently positioned Well prepared for Brexit and macroeconomic uncertainties Diversified income mix by geography
Slide 44: Preparation for continuity of business in the event of Brexit
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Preparation for continuity of business in the event of Brexit Plans have been implemented to support activity with European clien
Slide 45: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Asset Quality
Slide 46: Prudently managing credit risk in both the UK and US
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Prudently managing credit risk in both the UK and US Conservatively positioned in the face of Brexit and the consumer credit cycl
Slide 47: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Appendix
Slide 48: Other items of interest – Q319 YTD and Q319 vs. prior year
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Other items of interest – Q319 YTD and Q319 vs. prior year Material items – nine months ended (£m) Q319 YTD Q318 YTD L&C PPI prov
Slide 49: Q319 YTD Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 YTD Group Nine months ended (£m) Sep-19 Sep-18 % change Excluding L&C – nine months ended (£m) Sep-19 Sep-18 % change Income
Slide 50: Q319 Group
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Group Three months ended (£m) Sep-19 Sep-18 % change Excluding L&C – three months ended (£m) Sep-19 Sep-18 % change Income 5
Slide 51: Q319 YTD Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 YTD Barclays UK Nine months ended (£m) Sep-19 Sep-18 % change Excluding L&C – nine months ended (£m) Sep-19 Sep-18 % change
Slide 52: Q319 Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays UK Three months ended (£m) Sep-19 Sep-18 % change Excluding L&C – three months ended (£m) Sep-19 Sep-18 % change –
Slide 53: Q319 YTD Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 YTD Barclays International Nine months ended (£m) Sep-19 Sep-18 % change Excluding L&C – nine months ended (£m) Sep-19 Sep-1
Slide 54: Q319 Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays International Three months ended (£m) Sep-19 Sep-18 % change Excluding L&C – three months ended (£m) Sep-19 Sep-18
Slide 55: Q319 YTD Barclays International: CIB and CC&P
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 YTD Barclays International: Corporate & Investment Bank and Consumer, Cards & Payments CIB business performance CC&P busines
Slide 56: Q319 Barclays International: CIB and CC&P
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Q319 Barclays International: Corporate & Investment Bank and Consumer, Cards & Payments CIB business performance CC&P business pe
Slide 57: Head Office – Q319 YTD and Q319
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Head Office – Q319 YTD and Q319 Nine months ended (£m) Sep-19 Sep-18 Three months ended (£m) Sep-19 Sep-18 Income (286) (262) Inc
Slide 58: Abbreviations
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Abbreviations ABS Asset-backed Securities FICC Fixed Income, Currencies and Commodities RCI Reserve Capital Instrument ADI Availa
Slide 59: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Contact – Debt Investor Relations Team Version 1 James Cranstoun Dan Colvin Lis Nguyen Robert Georgiou +44 (0)20 7773 1630 +44 (0
Slide 60: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING DIVISIONS BREXIT PERFORMANCE CREDIT RATINGS ASSET QUALITY APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY & LEGAL ENTITIES PREPARATIONS Disclaimer Important Notice The terms Barclays or Barclays Group refer to Barclays PLC together with its subsidiaries. The inform