Barclays Plc · LSE:BARC
Barclays — Debt Investor Presentation (October 2017)
60 slides from Barclays's debt investor presentation, Oct 26, 2017
Slide 1: Barclays PLC Fixed Income Investor Presentation
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays PLC Fixed Income Investor Presentation1 Q3 2017 Results Announcement 26 October 2017 | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 2: Strategy, Targets and Guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Strategy, Targets and Guidance 1 (From prior page) This presentation must be read and construed with all applicable law, rules and regulations applicable to B
Slide 3: Transatlantic consumer and wholesale bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Transatlantic consumer and wholesale bank Barclays UK Barclays International UK consumer and business bank Diversified wholesale differentiated by scale and d
Slide 4: Path to Group RoTE of >10% in 2020
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Path to Group RoTE of >10% in 2020 Group RoTE targets1 Improved cost efficiency Creating capacity for investment, while delivering >10% cost targets and cost:
Slide 5: Group 2017 cost guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Group 2017 cost guidance Group operating expenses1 (£bn) Quarterly Group FY17 operating expenses2 (£bn) Expect uptick in Q4 due to: FY17 Group SRP cost guidan
Slide 6: Cost efficiencies and investment underpinning RoTE targets
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Cost efficiencies and investment underpinning RoTE targets Cost savings by 2019 creating… …capacity for investment… …underpinning 2019 and 2020 RoTE targets G
Slide 7: Key Group Service Company efficiency savings initiatives
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Meaningful efficiency savings initiatives c.£1bn cost • Costs from Non-Core, structural reform savings programme and compensation deferrals announced changes
Slide 8: Reconfiguring the cost base towards driving growth
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Reconfiguring the cost base towards driving growth Illustrative evolution of the cost base1 Investment in attractive growth opportunities • Improving mix of s
Slide 9: Consumer businesses – income growth opportunities
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Consumer businesses – income growth opportunities Barclays UK Barclaycard US2 CC&P • Significant opportunity with existing 24m customers in the UK • US credit
Slide 10: Wholesale businesses – income growth opportunities
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Wholesale businesses – income growth opportunities Integrated Corporate Payments Franchise Banking and Corporate Banking Corporate Payments CIB Corporate Bank
Slide 11: Markets – income growth opportunities
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Markets – income growth opportunities Markets CIB Barclays actions Market • Detailed plans to drive income growth RWA Leverage Products Normalised Technology
Slide 12: Group financial targets
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Group financial targets Group Return on >9% in 2019 Tangible Equity (RoTE)1 >10% in 2020 Based on: 150-200 bps Group costs1 Targeting CET1 ratio above regulat
Slide 13: IFRS 9 guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM IFRS 9 guidance Estimated IFRS 9 impact1 (based on 30 September 2017 numbers) Commentary / Assumptions TNAV2 CET1 • TNAV reduction estimated at 10-12p per sha
Slide 14: Interest rate sensitivity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Interest rate sensitivity Illustrative sensitivity of Group NII to a 100bps parallel upward shift in interest rates1 Change in NII (£m) Commentary / Assumptio
Slide 15: Performance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Performance | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 16: Group Return on Tangible Equity of 5.1%
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Group Return on Tangible Equity of 5.1% Three months ended (£m) Sep-17 Sep-16 % change Q317 performance metrics Income 5,173 5,446 (5%) • Income declined 5% t
Slide 17: Barclays UK
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays UK Business performance Q317 performance metrics Three months ended (£m) Sep-17 Sep-16 % change • RoTE was 18.4% while PBT, excluding prior year PPI
Slide 18: Barclays International
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays International Business performance Q317 performance metrics Three months ended (£m) Sep-17 Sep-16 % change • Income decreased by 14% to £3.3bn driven
Slide 19: Barclays International: Corporate & Investment Bank
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays International: Corporate & Investment Bank Business performance Q317 performance metrics Three months ended (£m) Sep-17 Sep-16 % change • Income redu
Slide 20: Barclays International: Consumer, Cards & Payments
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays International: Consumer, Cards & Payments Business performance Q317 performance metrics Three months ended (£m) Sep-17 Sep-16 % change • Income decre
Slide 21: Head Office
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Head Office Business performance Q317 performance metrics Head Office – Three months ended (£m) Sep-17 Sep-16 • Loss before tax decreased to £206m • Income in
Slide 22: Capital & Leverage
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Capital & Leverage | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 23: Strong CET1 and leverage ratio position
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Strong CET1 and leverage ratio position Fully loaded CET1 ratio • CET1 ratio remained stable in the quarter at 13.1% largely driven by: 400bps – 23bps from pr
Slide 24: Within our end-state CET1 ratio target range
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Within our end-state CET1 ratio target range1 CET1 ratio progression in Q317 Pro-forma for BAGL regulatory deconsolidation 13.3% 23bps 8bps • CET1 ratio remai
Slide 25: Managing evolving future minimum CET1 levels
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Managing evolving future minimum CET1 levels Illustrative evolution of minimum CET1 requirements and buffers Minimum CRD IV CET1 requirement Countercyclical b
Slide 26: Managing capital position above mandatory distribution restrictions and stress test hurdles
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Managing capital position above mandatory distribution restrictions and stress test hurdles Barclays’ expected MDA thresholds and systemic reference points fo
Slide 27: Evolving CRD IV capital structure transitioning to HoldCo over time
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Evolving CRD IV capital structure transitioning to HoldCo over time Illustrative evolution of CRD IV capital structure Well managed and balanced total capital
Slide 28: ADI position supports strong distribution capacity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM ADI position supports strong distribution capacity Distribution capacity as at 31 December 2016 Distributable items ADI BPLC Dividend payments BPLC AT1 coupon
Slide 29: MREL, Funding and Liquidity
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM MREL, Funding and Liquidity | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 30: Progressing well on MREL issuance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Progressing well on MREL issuance HoldCo MREL position and requirement including requisite buffers Well advanced on HoldCo issuance plan 28.9% Issuance plan –
Slide 31: Proactive transition to HoldCo capital and funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Proactive transition to HoldCo capital and funding model HoldCo issuance by year1 Senior Unsecured Tier 2 AT1 Total: £10.0bn • The Group has continued to make
Slide 32: Continued progress on transition to HoldCo capital and funding model
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Continued progress on transition to HoldCo capital and funding model PRA transitional regulatory capital Outstanding term vanilla senior unsecured debt (£bn)
Slide 33: High level of liquidity and conservative funding profile
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM High level of liquidity and conservative funding profile LCR continues to remain in prudential surplus Conservative and stable funding profile (£bn – excludes
Slide 34: Wholesale funding composition as at June 2017
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Wholesale funding composition as at 30 June 20171 >1 >3 >6 >1 year >2 year >3 year >4 year ≤1 month months months Total As at 30 June 2017 (£bn) but ≤2 but ≤3
Slide 35: Structural Reform
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Structural Reform | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 36: Simplifying our business divisions for structural reform
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Simplifying our business divisions for structural reform Barclays PLC Barclays PLC1 Barclays UK Barclays International Head Office1 UK consumer and business b
Slide 37: Progress on Group legal structure
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Progress on Group legal structure Barclays PLC Barclays International Barclays UK constructs and Head Office1 Divisional UK consumer and business bank Diversi
Slide 38: Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Anticipated funding sources of future UK ring-fenced bank and Barclays Bank PLC (and subsidiaries) Barclays PLC Barclays UK Barclays International and Head Of
Slide 39: Structural reform plan remains on track achieving critical milestones as planned
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Structural reform plan remains on track achieving critical milestones as planned H2 2017 Group Service Company setup H1 2018 Legal entity separation Milestone
Slide 40: Barclays UK Divisional Balance Sheet
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays UK Divisional Balance Sheet Balance Sheet1 Drivers of balance sheet movements2 As at (£bn) Sep-17 Jun-17 Dec-16 Total assets increased to £230.4bn (D
Slide 41: Barclays International and Head Office Divisional Balance Sheet
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays International and Head Office Divisional Balance Sheet Barclays International Balance Sheet1 Drivers of balance sheet movements4 As at (£bn) Sep-17 J
Slide 42: Asset Quality
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Asset Quality | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 43: Stable underlying trends reflect prudent approach to credit risk management
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Stable underlying trends reflect prudent approach to credit risk management Retail CRL % of Gross L&A Prudent risk management • Remain well-positioned, having
Slide 44: Stable underlying impairment trends in UK cards and active management of US cards portfolio
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Stable underlying impairment trends in UK cards and active management of US cards portfolio Q317 UK cards balance mix UK cards interest earning lending (IEL),
Slide 45: Credit Ratings
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Credit Ratings | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 46: Ratings are a key strategic priority
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Ratings are a key strategic priority Current Senior Long and Future ratings expectations of Barclays Bank Fitch Standard & Poor’s Moody's Short Term ratings U
Slide 47: Barclays rating composition for senior debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for senior debt Standard & Poor’s Moody’s Fitch B PLC BB PLC B PLC BB PLC B PLC BB PLC Stand-Alone Baseline Viability Credit Profi
Slide 48: Barclays rating composition for subordinated debt
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays rating composition for subordinated debt Standard & Poor’s Moody’s Fitch Baseline Stand-alone Stand-Alone Visibility bbb+ Credit baa2 a a rating Cred
Slide 49: Appendix
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Appendix | Barclays Q3 2017 Fixed Income Investor Presentation
Slide 50: Income and margins – Q317
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Income and margins – Q317 NII (£m) – Three months ended Sep-17 Sep-16 % change Q317 performance metrics – Barclays UK 1,501 1,569 (4%) • Combined Barclays UK
Slide 51: Barclays UK: Growth in L&A and deposits, NIM in line with guidance
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays UK: Growth in L&A and deposits, NIM in line with guidance Income (£m) – Three months ended Sep-17 Sep-16 % change Q317 performance metrics Net intere
Slide 52: Barclays UK: Significant opportunity with our 24 million customers by leveraging digital and data
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Barclays UK: Significant opportunity with our 24 million customers by leveraging digital and data Significant growth in digital banking – year-on-year Leading
Slide 53: Non-Core: RWA reallocation and guidance from H117
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Non-Core: RWA reallocation and guidance from H117 Allocated to Balance sheet – 30 June 17 Non-Core RWAs1 Barclays UK Barclays International2 Head Office Pre r
Slide 54: Material & other items – Q317 and Q316
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Material & other items – Q317 and Q316 Q317 Q316 Barclays Barclays Head Barclays Barclays Head Material items (£m) Group Group UK International Office UK Inte
Slide 55: Material & other items – Q117 to Q317
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Material & other items – Q117 to Q317 Q317 Q217 Q117 Barclays Barclays Head Barclays Barclays Head Barclays Barclays Head Material items (£m) Group Group Grou
Slide 56: UK approach to resolution
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM UK approach to resolution Illustrative UK resolution loss allocation waterfall assuming multiple OpCos1 OpCo waterfall Intercompany investments HoldCo waterfa
Slide 57: Index
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Index Version 5 Strategy, Targets and Guidance 2 Capital & Leverage 22 • Transatlantic consumer and wholesale bank 3 • Strong CET1 and leverage ratio position
Slide 58: Index
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Index Version 5 Asset Quality 42 Appendix 49 • Stable underlying trends reflect prudent approach to 43 • Income and margins – Q317 50 credit risk management •
Slide 59: Contact – Debt Investor Relations Team
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Contact – Debt Investor Relations Team Lisa Bartrip James Cranstoun Dan Colvin +44 (0)20 7773 0708 +44 (0)20 7773 1630 +44 (0)20 7116 6533 lisa.bartrip@barcla
Slide 60: Disclaimer
STRATEGY, TARGETS CAPITAL MREL, FUNDING STRUCTURAL PERFORMANCE ASSET QUALITY CREDIT RATINGS APPENDIX & GUIDANCE & LEVERAGE & LIQUIDITY REFORM Disclaimer Important Notice The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legi