Barclays Plc · LSE:BARC
Barclays — Corporate Update (February 2024)
8 slides from Barclays's corporate update, Feb 20, 2024
Slide 1: Barclays Private Bank & Wealth Management Investor Update
Barclays Private Bank & Wealth Management Investor Update: 20th February 2024
Slide 2: Barclays Private Bank & Wealth Management today
Barclays Private Bank & Wealth Management today Barclays Investor Update February 2024 124 Serving our clients across: Strong and diversified CAL1 growth +10% CAGR 2018-20232 UK Digital Investing from £1 Product UK Wealth Management from £500k+ Investments Lending UK Private Bank from £3m+ £183bn De
Slide 3: Today's financials
Today’s financials Barclays Investor Update February 2024 125 Financials1 2021 2022 2023 RoTE 29% 31% 14% Income (£bn) 1.0 1.2 1.3 Cost: income ratio 86% 69% 69% 161 167 183 20 Client assets and liabilities 26 19 (£bn) 135 148 163 Private Bank2 UK Wealth 1 Rebased to include UK Wealth from 1/1/2021
Slide 4: Simpler & Better: unified Private Bank & Wealth Management
Simpler & Better: unified Private Bank & Wealth Management Barclays Investor Update February 2024 126 Simpler: one global investment function across Better: uniquely positioned to leverage Private Bank & Wealth Management synergies across Barclays Private Bank Two-way referral flows One global Wealt
Slide 5: More balanced: opportunity to scale and develop UK Wealth offering
More balanced: opportunity to scale and develop UK Wealth offering Barclays Investor Update February 2024 127 Business today Business tomorrow UK Digital investing Simpler and New pricing quicker to invest • Platform with broad capabilities and Competitive and high operating leverage accessible • In
Slide 6: More balanced: continue to grow Private Bank fee income
More balanced: continue to grow Private Bank fee income Barclays Investor Update February 2024 128 Business today Business tomorrow UK Private Bank • Grow Bankers, with greater productivity • Banker and specialist expertise • Proposition enhancements, eg: Alternatives • Personal high-touch service a
Slide 7: Today's financials and 2026 targets
Today’s financials and 2026 targets Barclays Investor Update February 2024 129 Financials1 2021 2022 2023 2026 Targets RoTE 14% 29% 31% >25% Deliver high-quality growth Income (£bn) 1.2 1.3 1.0 across broad sources Cost: income ratio 86% 69% 69% High 60s % 167 183 161 20 Client assets and liabilitie
Slide 8: Disclaimer
Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to bu