barc lays plc results announcement...performa barclays plc group p£3,967m notable manage group r e...
TRANSCRIPT
Resu
Barcults A
3
clays Annou
30 June 201
PLC uncem16
ment
Barclays PLC
Table of C
Results An
Performance
Group Chief E
Group Financ
Results by Bu
Barclays U
Barclays C
Head Offi
Barclays N
Africa Ban
Quarterly Res
Quarterly Cor
Quarterly Afr
Performance
Margins a
Risk Manage
Overview
Funding R
Funding R
Credit Ris
Market Ri
Statement of
Independent
Condensed C
Financial Stat
Shareholder I
C – 2016 Interim
Contents
nnouncem
Highlights
Executive Offic
ce Director’s R
usiness
UK
Corporate & In
ce
Non-Core
nking - Discon
sults Summary
re Results by B
ica Banking - D
e Management
and balances
ement
Risk - Liquidity
Risk - Capital
sk
isk
f Directors’ Res
Auditors’ Revi
Consolidated Fi
tement Notes
Information
BARCLAYS PLC,
m Results
ment
cer’s Review
eview
nternational
ntinued Operat
y
Business
Discontinued O
t
y
sponsibilities
iew Report to
inancial Statem
1 CHURCHILL PLACE
tion
Operation Res
Barclays PLC
ments
E, LONDON, E14 5HP
ults
, UNITED KINGDOM.
TELEPHONE: +44 (0)) 20 7116 1000. COMMPANY NO. 48839
Page
2-4
5
6-9
10-12
13-16
17
18-19
20
21-23
24-27
28
29
30
31-35
36-40
41-49
50-52
53
54
55-60
61-97
98
e
4
5
9
2
6
7
9
0
3
7
8
9
0
5
0
9
2
3
4
0
7
8
Barclays PLC
Notes
The term Barclathe six months relating to 31 Dabbreviations ‘$millions and tho
Comparatives hannouncement
Notable items asegments. Notaincome; gains omethodology ingoodwill and otprovisions for oPortuguese and
References to u
There are a numadjustment and
Relevant terms Standards (IFRS
The informationthe meaning ofinformation reqCommission (Sstatements undCompanies Act
These results wForm 6-K will al
Barclays is a freConsistent withthese results an
Forward-lThis document amended, and Slooking statemematerially from relate only to hi‘target’, ‘projectstatements inclcharges, provisiratios and experevised commitbusinesses withand objectives fstatements invodevelopment ofand application levels of conducthe impact of corules (including macroeconomicand foreign excmarkets; changeexiting the EuroUK and globally success of futurAs a result, theexpectations anfinancial conditifiscal year ended
Subject to our ongoing informinformation, fut
C – 2016 Interim
ays or Group refe ended 30 June 2
December 2015. T$m’ and ‘$bn’ reousands of million
have been restate on 14 April 2016
are considered toable items includeon US Lehman acn total income; gher assets relatinngoing investiga
d Italian businesse
nderlying perform
mber of key judg modifications. R
that are used iS) are explained in
n in this announcf Section 434 of
quired for the JoEC) and which cer Section 498 of 2006.
ill be furnished asso be available fr
equent issuer in h its usual practic
d other matters r
looking sta contains certainSection 27A of tent is a guarante those contained istorical or currented’, ‘expect’, ‘esude, among othons, notable itemcted payment st
tments and targhin Barclays Non-for future operatiolve risk and uncef standards and in of accounting act provisions, futuompetition. In ad with regard to tc and business cohange rates; effees in credit rating
ozone; the implica from the withdrare acquisitions, de Group’s actualnd guidance set fion and performad 31 December 2
obligations undemation, we undeture events or oth
m Results
ers to Barclays PL2016 to the corrThe abbreviationpresent millions ns of Euros respe
ed to reflect the6, accessible at ho
o be significant ite: the impact of cquisition assets
gain on valuationng to businesses tions and litigatio
es in other net inc
mance exclude th
gement areas, forReported numbers
n this documentn the results glos
ement, which waf the Companies
oint Annual Repocontained an unf the Companies
s a Form 6-K to trom the Barclays
the debt capitalce, Barclays experelating to the Gr
atements n forward-lookinghe US Securities
ee of future perfo in the forward-lont facts. Forwardtimate’, ‘intend’, ers, statements
ms, business strattrategies), projectets in connectioCore, sell down oons, projected em
ertainty because tnterpretations unnd regulatory staure levels of nota
ddition, factors inhe future structuonditions; the eff
ects of changes ings of any entitiesations of the resuawal of the Uniteisposals and othe future results, d
forth in the Grouance are identifie
2015), which are
er the applicable rtake no obligat
herwise.
LC together with responding six mns ‘£m’ and ‘£bn
and thousands ectively.
e implementationome.barclays/res
tems impacting own credit in to in total income;
n of a componenbeing disposed inon including Forecome/(expenses)
he impact of nota
r example impairs reflect best esti
t but are not desary that can be a
as approved by ths Act 2006. Statort on Form 20
nqualified audit r Act 2006) have b
he SEC as soon aInvestor Relation
l markets and reects that from timoup.
g statements wi Act of 1933, as
ormance and thaooking statement
d-looking stateme ‘plan’, ‘goal’, ‘beor guidance reg
tegy, capital, leveted levels of grow
on with the stratof the Group’s intmployee numberthey relate to fut
nder Internationaandards, the outc
able items, the pocluding (but not
ure of the Group)fects of continuen valuation of cres within the Grouults of the 23 Juneed Kingdom fromer strategic transdividend paymenp’s forward-look
ed in our filings wavailable on the S
laws and regulation to update p
1
its subsidiaries. months of 2015 a
’ represent millioof millions of US
n of the Group bsults.
comparability oftal income; the g revision of the E
nt of the definedn operating expeeign Exchange in).
able items.
rment calculationmates and judge
efined under appaccessed at hom
he Board of Directutory accounts -F of Barclays P
report under Secbeen delivered to
as practicable follons website home.
egularly meets wme to time over t
thin the meanin amended, with
at actual results ots. These forwardents sometimes uelieve’, ‘achieve’ arding the Grou
erage and other rewth in the bankitegic cost progrterest in Barclayss and other stateure events and cl Financial Reportcome of current
olicies and actions limited to) the fo applicable to pad volatility in creedit market expoup or any securitie 2016 referendu the European Un
sactions. A numbnts, and capital
king statements. Awith the SEC (incSEC’s website at w
ations of the Unipublicly or revise
Unless otherwiseand balance sheeons and thousandS Dollars respect
business reorgan
f performance angain on disposal Education, Social
d retirement benenses, provisions
n litigation and co
ns, which are basements at the give
plicable regulatoe.barclays/result
ctors on 28 July 2for the year end
PLC and Barclaysction 495 of the o the Registrar of
owing their publibarclays/results
with investors via the coming quar
g of Section 21Erespect to the G
or other financiad-looking statemuse words such aor other words o
up’s future financegulatory ratios, ng and financial amme and the
s Africa Group Limements that are nircumstances. Thting Standards, eand future legal s of governmentaollowing may havast, current and fuedit markets; marsures; changes ines issued by suc
um in the United Knion; the implember of these influe
and leverage ratAdditional risks a
cluding, without lwww.sec.gov.
ited Kingdom ane any forward lo
e stated, the incoet analysis as at ds of millions of tively; the abbrev
isation. These re
nd have been caof Barclays’ shar
l Housing, and Loefit liability in opfor UK customer
onduct; and losse
sed on models aen point in time.
ry guidance or ts.
016, does not coded 31 Decembs Bank PLC to t Companies Act Companies in ac
ication. Once furnand from the SEC
formal road-shorter it will meet w
E of the US SecuGroup. Barclays c
l condition or pements can be iden
as ‘may’, ‘will’, ‘seof similar meanicial position, incopayment of divid markets, projectGroup Strategy mited, estimates not historical facthese may be affecevolving practices
proceedings andal and regulatory ve an effect: capiuture periods; UKrket related risks n valuation of issh entities; the poKingdom and theentation of the stences and factorstios may differ mand factors whiclimitation, our an
d the United Staooking statemen
ome statement an30 June 2016 wPounds Sterling
viations ‘€m’ and
estatements were
lled out for eachre of Visa Europeocal Authority (E
perating expenses redress in litigates on sale relating
and which are su
International Fin
omprise statutoryer 2015, which the US Securitie 2006 (which di
ccordance with Se
nished with the SC’s website at ww
ows and other awith investors glo
urities Exchange autions readers t
erformance measntified by the facteek’, ‘continue’, ‘ng. Examples of ome growth, ass
dends (including dted costs or saviUpdate, rundow
of capital expendt. By their nature,cted by changes s with regard to td regulatory inves authorities, geoptal, leverage and
K, US, Africa, Euro such as changessued securities; vootential for one oe disruption that trategic cost progs are beyond thematerially from th may impact th
nnual report on fo
ates in relation tonts, whether as
nalysis comparesith comparatives respectively; thed ‘€bn’ represent
e detailed in our
h of the businesse Limited in totalESHLA) valuations; impairment ofion and conduct;g to the Spanish,
bject to ongoing
ancial Reporting
y accounts withinincluded certain
es and Exchanged not make anyection 441 of the
SEC, copies of theww.sec.gov.
ad hoc meetings.obally to discuss
Act of 1934, asthat no forward-
sures could differ that they do notaim’, ‘anticipate’, forward-lookingsets, impairmentdividend pay-outngs, original and
wn of assets andditures and plans forward-lookingin legislation, the
the interpretationstigations, futurepolitical risks and other regulatoryozone and globals in interest ratesolatility in capitalr more countriesmay result in thegramme; and the Group’s control.the plans, goals,
he Group’s futureform 20-F for the
o disclosure anda result of new
s s e t
r
s l
n f ; ,
g
g
n n e y e
e
. s
s -r t ,
g t t d d s g e n e d y l s l s e e . ,
e e
d w
Performa
Barclays PLC
Group p£3,967mnotable manage
Group reCore of £
Core proshare of RoTE waCore bas
Non-Corstrategywealth a
Barclaysdecreaseincrease
Barclaysincome decrease
Momentand the Non-Corfurther £
Common£1.6bn tbe activeUSD and
The leve£127bn activity,
Tangiblein the pe
Progress on Sale of 1
of BAGL Complet
Corporat Announc
French r Restruct
Lender amortiseESHLA p
Redemp
nce Highlig
C – 2016 Interim
profit before m (H115: £3
items and ament busine
eturn on ave£2,444m (H1
ofit before taf Visa Europeas 12.5% (Hsic earnings
re loss befo. The loss in
and investme
s UK delivereed 4% to £1
e in impairme
s Corporate remained in
ed in Corpor
tum in the ex rundown ofre reduced t£8bn to £46.
n equity tier to £42.4bn pely managed
d EUR agains
erage ratio d to £1,155bn and the app
e net asset vaeriod and net
n strategy ex12.2% of Bar’s issued shation of the ste Banking bcement of e
retail, and weturing of theOption Borred cost, reduportfolio gointion of $1.15
ghts
m Results
tax of £2,063,347m) andn impairmen
esses, Group
erage tangib115: £2,000m
ax increased e Limited and115: 11.3%)per share co
ore tax was ncluded the ent managem
ed a strong ,329m driveent. Net inter
& Internation line with sate & Investm
xecution of f the derivato £8bn (Dec7bn in H116
1 (CET1) ratprimarily throd with the int GBP
decreased ton primarily dreciation of
alue per shat favourable
xecution in Qrclays Africaare capital sale of the rbusiness in Pexclusive disealth and inve terms of trower Optioucing the ESng forward 5bn 7.75% S
63m (H115:d Non-Core nt of £372m profit before
ble equity (Rm) and the a
19% to £3,9d an addition on an incre
ontribution w
£1,904m (impairment
ment busines
underlying Rn by lower irest margin i
nal deliveredstrong growment Bank (C
the Non-Cortive portfoliocember 20156, despite adv
tio increasedough profits ncrease of £
o 4.2% (Decdue to higheUSD and EUR
re increased reserve mov
Q216 a Group Limi
retail bankinortugal
scussions wivestment mahe Education (LOBO) feHLA loans h
Series 4 Non-
2
£2,602m) rlosses befo
m in respect oe tax was £2
RoTE) of 4.8attributable lo
967m includnal provisioneased averagwas 14.8p (H
H115: £745of £372m in
sses that are
RoTE of 19.4nterchange increased 2b
d an underlywth in ConsuCIB), it was r
re strategy co during the5: £9bn), witverse market
d to 11.6% ( generated in8bn to £366
cember 2015er cash and R against GB
d to 289p (Devements
ited (BAGL)
ng, wealth, a
ith AnaCap anagement bn, Social Hoeatures. The
held at fair v
-Cumulative
reflected an ore tax of £of the Frenc
2,037m (H11
8% (H115: 6oss in Non-C
ing a gain of of £400m re
ge tangible e115: 12.1p)
5m) reflectinn respect of held for sale
4% (H115: 2fee income i
bps to 3.59%
ying RoTE oumer, Cardsresilient in ch
continued w period. Perth risk weight movements
December 2n the period 6bn being pr
5: 4.5%), wi settlement
BP
ecember 201
issued share
and investm
Financial Pausinesses
ousing and Lese loans aalue by £8b
Callable Dol
increased C1,904m (H1
ch retail, and5: £3,217m)
6.9%) reflectCore of £1,49
f £615m on telating to UKquity base o
ng the conti the assets oe
21.9%). Undein Barclayca
%
f 10.7% (H1s and Paymehallenging m
ith good proiod end allohted assets (s
015: 11.4%) of £1.3bn. Grincipally du
th leverage balances, fo
15: 275p) dr
e capital. Ba
ment manage
artners for t
Local Authore now clasn and the fa
lar Preferenc
Core profit b115: £745m)d wealth and)
ted attributa90m (H115: £
the disposalK customer reof £40bn (H1
inued execuof the Frenc
erlying profird Consume
115: 12.4%)ents and wh
market condit
ogress on bucated tangib(RWAs) decr
). CET1 capitGroup RWAsue to the app
exposure inollowing incr
riven by prof
rclays now h
ement, and
he potential
rity (ESHLA)ssified as loair value vola
ce Shares
before tax of). Excluding
d investment
ble profit in£582m)
of Barclays’edress. Core
115: £36bn).
ution of ourh retail, and
it before taxer UK and an
. Underlyinghilst incometions
usiness salesble equity inreasing by a
tal increaseds continue topreciation of
ncreasing byreased client
fit generated
holds 50.1%
parts of the
l sale of the
) loans withoans held atatility on the
f g t
n
’ e .
r d
x n
g e
s n a
d o f
y t
d
%
e
e
h t e
Performa
Barclays PLC
Barclays Grfor the half
Total income nCredit impairmNet operating Operating expeLitigation and cTotal operatingOther net expeProfit before taTax charge
Profit after taxProfit after tax Non-controllingNon-controllingOther equity hoAttributable pr
PerformancReturn on averAverage tangibCost: income raLoan loss rate (
Basic earnings Dividend per sh
Balance sheTangible net asCommon equitCommon equitRisk weighted aLeverage ratio
Fully loaded tieLeverage expos
Funding andGroup liquidityEstimated CRDEstimated net sLoan: deposit r
1 Refer to pag2 The profit af
net amount and return o
3 Loan: depos
nce Highlig
C – 2016 Interim
oup results year ended
net of insurance ment charges and
income
enses conduct
g expenses
enses
ax
x in respect of co in respect of disg interests in resg interests in resolders2
rofit
ce measures
rage tangible shable shareholdersatio
(bps)
per share2
hare
eet and capitsset value per shty tier 1 ratio
ty tier 1 capital assets
er 1 capital sure
d liquidity
y pool D IV liquidity covstable funding raratio3
ge 20 for further inffter tax attributabl of £150m (H115:
on average tangiblesit ratio for Barclay
ghts
m Results
claims
d other provision
ontinuing operascontinued operspect of continuspect of discont
areholders' equits' equity (£bn)
tal managemhare
erage ratio
atio
formation on the Ale to other equity h £127m), along we shareholders’ eq
ys UK, Consumer, C
ns
ations
ration1
uing operations
tinued operation
ty2
ment
Africa Banking discholders of £208m
with non-controllingquity. Cards and Paymen
3
n1
continued operatio (H115: £159m) isg interests (NCI) is
nts, Corporate, and
30.0
11,(9
10,(7,
(5(7,6
(32,(7
1,
(((2
1,
4
7
A30.0
211
£42£36
4£47
£1,15
£141210
8
on. s offset by a tax crs deducted from p
d Non-Core retail.
6.16
£m
013
931)
082 172)
525)
697)
322)
063 715)
348 311
186)
155)
208)
110
4.8%
48 70%
39
6.9p
1.0p
As at
6.16 289p
1.6%
.4bn
66bn
4.2%
.9bn
55bn
49bn
24%
06%
85%
redit recorded in rerofit after tax in or
30.06.15 £m
12,111 (779)
11,332 (6,624) (1,966) (8,590)
(140) 2,602 (852)
1,750 358
(173) (165) (159)
1,611
6.9% 48
71% 35
9.9p 2.0p
As at 31.12.15
275p 11.4%
£40.7bn £358bn
4.5% £46.2bn
£1,028bn
£145bn 133% 106%
86%
eserves of £58m (Hrder to calculate e
YoY% Change
(9)(20)(11)
(8)73 10
(21)16
(23)(13)
(8)6
(31)(31)
(H115: £32m). Theearnings per share
Y e ) ) ) )
) ) ) ) ) )
e e
Performa
Barclays PLC
Barclays Cofor the half
Total income nCredit impairmNet operating Operating expeLitigation and cTotal operatingOther net expeProfit/(loss) bTax (charge)/cProfit/(loss) afNon-controllingOther equity hoAttributable pr
PerformancReturn on averAverage allocatPeriod end alloCost: income raLoan loss rate (Basic earnings/
Capital manRisk weighted aLeverage expos
Notable item
Own credit
Gain on disposLimited Gains on US LeProvisions for oincluding ForeiGains on valuatretirement benProvisions for ULosses on sale
Excluding nota12.9p (H115: 1
1 Attributablleverage ex
Income by bBarclays UK
Barclays CorpoHead Office
Barclays Core
Barclays Non-CBarclays Group Profit/(lossBarclays UK
Barclays CorpoHead Office
Barclays Core
Barclays Non-CBarclays Group
nce Highlig
C – 2016 Interim
ore and Non- year ended
net of insurance ment charges and
income/(expenenses
conduct
g expenses
enses
efore tax credit
fter tax
g interests
olders
rofit/(loss)1
ce measures
rage tangible equted tangible equ
ocated tangible eatio
(bps)
/(loss) per share
nagement
assets1
sure1
ms for the ha
sal of Barclays’ s
ehman acquisitioongoing investiggn Exchange
tion of a compoefit liability
UK customer red relating to the S
able items, the C5.0p). Excluding
le profit in respect xposure are report
business
orate & Internatio
Core
p
) before tax
orate & Internatio
Core
p
ghts
m Results
Core results
claims
d other provisionnses)
uity
uity (£bn)1
equity (£bn)1
e contribution
alf year ende
hare of Visa Eur
on assets gations and litiga
onent of the defi
dress Spanish business
ore return on avg notable items,
of the Africa Bankted in Head Office
onal
by business
onal
30
1ns
1(
(
(
30£
£1,
ed 30
rope
ation
ned
s
verage tangible e the Non-Core b
king discontinued owithin Core.
4
Barclays
0.06.16 30.0£m
1,599 11(876)
0,723 10(6,315) (5
(432) (16,747) (7
(9)
3,967 3(1,181) (12,786 2(164)
(178)
2,444 2
12.5% 140 41
58%
43 14.8p
As at
0.06.16 31.£320bn £3,021bn £8
0.06.16 30.0£m
183
615
-
-
-
(400)
-
equity was 10.8basic loss per sh
operation is report
Half year en30.0
3,7,
11,(5
11,
1,2,
3,(1,92,
s Core
06.15 £m % Cha
1,646 (718)
0,928 5,679)
,834) 7,513)
(68) 3,347
,088) 2,259 (132) (127)
2,000
1.3% 36 37
65% 38
12.1p
As at 12.15
304bn 879bn
06.15 £m
410
-
496
(800)
429
(967) (97)
% (H115: 13.7%are was 8.8p (H
ted at the Group le
nded
6.16
£m
,746
,552
301
599 586)
013
,080
,753
134
967 904)
063
YoY 30.0ange
- ((22)
(2) (6(11) (76
10 (987 (19 (1,9(9)
23 (1,4(24)
(40)
22 (1,4
(8
A 30.0
£4 £13
30.0
%) and the Core 115: 3.0p).
evel only. Allocated
Half year end30.06.
£
3,637,55
4511,64
4612,11
712,38
253,34(74
2,60
Barclays Non
06.16 30.06.£m £
586) 46(55) (6
641) 40857) (94(93) (13
950) (1,07313) (7904) (74466 23438) (50(22) (4(30) (3
490) (58
8 18 1
n/m n/15 1
8.8p) (3.5
As at As 06.16 31.12.47bn £5434bn £149
06.16 30.06.£m £
-
-
-
-
-
- (6- (2
basic earnings p
d tangible equity, R
ed 15
£m
35 56 55 46 65 11
12 80 55 47 45) 02
-Core
15 YoY£m % Change65 61) 10 04 45) 9 32) 30 77) 12 72) 45) 36 97 09) 41) 46 32) 6 82)
12 10 /m 17 5p)
at 15 bn bn
15 £m
-
-
-
-
-
65) 21)
per share was
RWAs and
YoY% Change
3 -
(34)-
(9)
52 16
(47)19
(21)
Y e
Y e
)
)
)
)
Group Ch
Barclays PLC
“This has b Our Core bproduced dalready hig Non-Core rmomentum In May we successful have increa Cost remaiexpenses foguidance obelow the e And we are Our prioritipossible; prdeconsolidstrengthen Taken togeour strategor the pace Given the inapproach tdecision. Wclients, and James E Stale
ief Executi
C – 2016 Interim
been a quart
businesses, Bdouble digit gh quality fra
rundown – tm, and we re
commence and significased confide
ins firmly unfor 2016 on on costs for expected 20
e pleased to
ies remain: srogressing t
date it; eliminning our cap
ether, the pigy. We remae of delivery,
nherent diveto risk, Barcl
We are very md the real ec
ey, Group Chie
ive Officer
m Results
ter of very e
Barclays UK ROTEs in thanchises at
the key to unemain comm
d the sell docantly over-sence in our
nder controla constant cNon-Core in
016 level.
o have been
strengtheninthe sell downating costs
pital position
icture in theain confideny, in light of t
ersification lays is well pmuch open conomy, thro
ef Executive O
r’s Review
encouraging
K and Barclayhe half, whic the centre o
nlocking themitted to clo
own of our ssubscribed p ability to de
l and we arecurrency ban 2017 to be
able to stre
ng our Corewn of our stas in both Con.
second quat that it is ththe vote by
of our businpositioned t for businessough this pe
Officer
5
g progress ag
ys Corporatch aggregatof the future
e full earninosing the un
stake in Barcplacing. Giveeconsolidate
e on track toasis. Beyond e in a range
engthen cap
e businessesake in Barclare and Non-
arter is one he right planthe UK last m
ness model, to weather as, and fully ceriod of unc
gainst our s
te & Internatte to a collece of this Gro
gs power ofnit in 2017.
clays Africa,en the strone Africa.
o meet our td this we are
of between
pital in the q
s; closing Baays Africa to-Core; dealin
of strong ann for Barclaymonth to ex
coupled witany potentiacommitted tcertainty.”
strategy.
tional, contictive 12.5%
oup.
f that Core –
, disposing ong level of in
target of £12e today provn £400-£500
quarter to a
arclays Non-o a point whng with lega
nd acceleratys, and see nxit the EU.
th a longstaal economicto supportin
inue to thriv%, demonstra
– has good
of 12.2% in nterest in the
2.8bn in Corviding additio0 million, sig
CET1 ratio o
-Core as fashere we can acy issues; a
ting progresno reason to
anding consc consequenng our custo
ve. Both ating the
a e asset we
re onal gnificantly
of 11.6%.
t as and steadily
ss against o adjust it,
ervative nces of that omers and
y
Group Fin
Barclays PLC
Group perfor(H115: £745rundown conimpairment ofor sale. Exclu The Core bus£40bn (H116& Internationbusiness groincluded a £6Inc. and an in Total Core ostrategic costagainst GBP a
Group perfo Profit bef
£745m) a
Return on9.9p)
Total inco£586m (H
Credit impexposuresimpairmedelinquen
Total opestrategic and cont£1,032m)
The effect
Profit afteBanking d
Notable itfor UK cuEurope Li
Group incGBP, posi
All performan Core perfor Underlyin
to £3,569
Underlyinpartially oBarclays Interchan
Credit impexposuresdue to ref
Underlyinagainst Gcost prog
nance Direc
C – 2016 Interim
rmance in them) driven by
ntinued. Non-Cof £372m in reuding this impa
siness perform6: £36bn). Thisnal. CIB results owth in Consu615m (H115: ncrease in prov
perating expet programmesand increased
ormance fore tax decreaand a 19% incr
n average tang
ome net of inH115: income
pairment chars, largely in re
ent due to refinncy rates rema
erating expensecost programinued investm) increase in pr
tive tax rate on
er tax in respediscontinued o
tems were a nustomer redresmited and an o
come statemetively benefitin
nce commenta
rmance ng Core perform9m and a £4bn
ng total incomeoffset by the UK underlying
nge Fee Regula
pairment chars, largely in refinement of im
ng total operatBP and increarammes
ctor’s Revi
m Results
e half was impnet negative
Core results inespect of the aairment and n
med well, with s was driven b were resilient
umer, Cards a£nil) gain follo
visions for UK c
enses reduceds and reduced structural refo
ased 21% to rease in Core p
gible sharehold
surance claimof £465m). Co
rges increasedespect of counnement of imp
ained stable
es reduced 10mmes, partially ment in Consu
rovisions for U
n profit before
ect of continuioperation decre
net profit beforss of £400m (own credit gai
ent performanng income and
ary which follo
mance generan increase in av
e was 1% up aimpact of chag total incom
ation
rges increasedespect of coun
mpairment mod
ting expensessed structural
iew
pacted by the income of £5
ncluded fair vassets of the Frotable items, G
a RoTE of 12by steady perfot, despite the cand Paymentsowing the comcustomer redr
10% to £6,7 compensatio
orm programm
£2,063m primprofit before ta
ders’ equity w
ms decreased 9ore income wa
d £152m to £9nterparties in tpairment mod
0% to £7,697m offset by rest
umer, Cards aUK customer re
e tax increased
ng operationseased 13% to
re tax of £398H115: £1,032min of £183m (H
ce was materd adversely aff
ows is on an un
ated a RoTE of verage tangible
at £10,801m, aallenging mark
me was 1% d
d £158m to £8nterparties in tdelling
s increased 3% reform progra
6
results of No586m (H115: palue losses on rench retail, anGroup profit b
.5% (H115: 1ormance in Bachallenging ma drove a sign
mpletion of theress of £400m
747m driven bn costs, partia
me implementa
marily driven bax of £3,967m
as 4.8% (H11
9% to £11,01as in line at £1
931m primarilythe oil and gadelling. The loa
m reflecting redtructuring and
and Payments.edress
d to 34.7% (H1
s decreased 23 £311m driven
8m (H115: lossm), a £615m H115: £410m)
rially impactedfecting impairm
nderlying basis
f 10.8% (H115e equity to £40
as a 19% increket conditionsown at £3,59
876m primarilythe oil and ga
% to £6,347mamme implem
on-Core, whichpositive incom the ESHLA po
nd wealth and efore tax was
1.3%) on an iarclays UK, andarket conditionnificant increae sale of Barcl (H115: £967m
by lower litigaally offset by aation costs.
by the loss bef
5: 6.9%) and b
3m as Non-C1,599m (H115
y driven by theas sector, and an loss rate in
duced litigatiod structural re. Total operat
15: 32.7%)
3% to £1,348mn by the deprec
s of £615m). H(H115: £nil) g)
d by the apprement and oper
s, excluding no
5: 13.7%) refle0bn as capital
ease in Consums in CIB where95m primarily
y driven by theas sector, and
m reflecting thmentation costs
h reported a lme of £465m)ortfolio of £42 investment m £2,037m (H11
ncreased averd solid performns, particularlyse in the proays’ share of V
m).
ation and condappreciation o
fore tax in No
basic earnings
ore income re5: £11,646m)
e impairment oan increase in
ncreased 4bps
n and conduceform programting expenses
m. Profit after ciation of aver
H116 notable gain on dispos
eciation of averating expense
otable items.
cting an 8% re was redeploye
mer, Cards ande total income
y reflecting th
e impairment oan increase in
e appreciations, partially offs
loss before ta), as the mom24m (H115: £1
management bu15: £3,217m).
rage tangible emance in Barcly in Credit, wh
ofit before taxVisa Europe L
duct charges, f the average
on-Core of £1
s per share wa
educed to a n
of a number on Barclaycard to 39bps whi
t charges, andmme impleme included a £
tax in relationrage ZAR again
items comprisal of Barclays’
erage USD andes
eduction in pred from Non-C
d Payments to e reduced 5%
he impact of
of a number on Barclaycard
n of average set by savings f
x of £1,904mmentum in the175m) and anusinesses held
equity base ofays Corporate
hile substantialx. Core resultsimited to Visa
savings fromUSD and EUR
,904m (H115:
as 6.9p (H115:
et expense of
of single nameConsumer UKilst underlying
d savings fromentation costs,£400m (H115:
n to the Africanst GBP
sed provisions’ share of Visa
d EUR against
ofit before taxCore
£1,881m was% to £5,207m.
the European
of single nameConsumer UK
USD and EURfrom strategic
m e n d
f e l s a
m R
:
:
f
e K g
m , :
a
s a
t
x
s .
n
e K
R c
Group Fin
Barclays PLC
Barclays UK
Underlyin
Underlyinimpact ofa 1% redu
Credit imBarclayca
Underlyinoffset by s
Barclays Corp
Underlyin
Underlyinappreciatin additio
Underlyinand EUR Barclaycawhich Eqby a 35%
Head Office
Underlyinone-off ga
Non-Core p The Non-
exclusive investmen
During Qrestructurderecognamortisedforward
Non-Corereflecting RWAs, incmanagem
Underlyinexpense odue to ththe sale Derivativecosts
Underlyina numbera £180m
nance Direc
C – 2016 Interim
ng RoTE was 1
ng profit beforf the Europeanuction in total
mpairment chaard Consumer
ng total operatstructural refo
porate & Inter
ng RoTE was 10
ng profit beforion of averagen to a 33% inc
ng total incomagainst GBP,
ard US, Germauities and Mac increase in Cr
ng loss before tains from the
performance Core rundown discussions wnt managemen
Q216, the termring, a one-offition of £8bn
d cost basis. A
e RWAs reduce a £3bn reduccluding a £1.8
ment and part o
ng loss before tof £586m inclue restructuringof the Barcla
es income redu
ng operating exr of countries, increase in res
ctor’s Revi
m Results
9.4% (H115: 2
e tax decreasen Interchange F operating exp
arges increaseUK, whilst the
ting expenses orm programm
rnational
0.7% (H115: 1
re tax decrease USD and EUcrease in credit
e was broadlywith Consumny and Merchcro were 22%redit. Banking
tax was £49mbuyback of su
n remains on twith AnaCap nt businesses.
ms of the ESHf loss of £182of existing Lev
As a result, Ba
ed to £46.7bn ction in Deriva8bn reduction of the Corpora
tax increased tuding fair valug of the ESHLys Wealth Amuced £135m t
xpenses reducthe completio
structuring cha
iew
21.9%)
ed 4% to £1,3Fee Regulation
penses
ed 10% to £3 30 day and 90
reduced 1% me implementa
12.4%)
sed 10% to £R against GBPt impairment c
y in line at £7mer, Cards andhant Acquiring
% and 4% loweincome decrea
m (H115: loss obordinated de
track. As part o Financial Par Other net exp
HLA portfoliom was recognvel 3 fair valuerclays will ben
(December 20tives, a £3bn r following the ate Banking bu
to £1,904m (He losses of £4A portfolio LO
mericas, UK So an expense
ced 6% reflection of the sale oarges
7
329m driven bn, and a 10% i
366m primarily0 day arrears r
reflecting saviation costs
2,289m drivenP, and increasecharges largely
,088m (H115:d Payments ing. CIB income er respectively,ased 5%
of £58m) refleebt in Q116
of this, on 27 Artners for thepenses include
loans with Lnised in Non-Ced loan assets nefit from red
015: £54.3bn)reduction in S completion o
usiness in Portu
H115: £659m)24m (H115: £
OBO loan termSecured Lendiof £198m refle
ing cost savingof several busin
by a 1% decrencrease in cre
y due to the rates remained
ings realised f
n by a 4% inced structural ry in respect of
: £7,060m), income increasdecreased 5%, relative to a s
ecting the net
April 2016, Bae potential saed a £372m im
LOBO featuresCore income in with the new uced fair valu
, despite the aecurities and l
of the sale of tugal
driven by a £175m) on the
ms as well as long, and Portuecting the acti
gs from ceasinnesses and the
ease in total indit impairmen
refinement od stable year-o
from strategic
crease in opeeform program
f counterpartie
ncluding the aing 19%, driv
% as Markets istrong H115 p
result from tre
arclays announale of its Fren
mpairment asso
s were restrun Q216. The r restructured a
ue volatility on
appreciation ofloans and a £1the retail bank
1,051m reduc ESHLA portfoower income fuguese retail ive rundown o
ng certain invee rundown of
ncome, primarnt charges, par
of impairmenton-year
cost program
rating expensmme implemees in the oil and
ppreciation ofven by continuincome reduceperformance, p
easury operati
nced that it hanch retail, andociated with th
uctured. As a restructuring rassets now me
n the ESHLA p
f USD and EUR1bn reduction king, wealth an
tion in total inolio, a one-off lfollowing the and insuranc
of the portfolio
estment bankinportfolios, par
rily due to thertially offset by
t modelling in
mmes, partially
es due to theentation costs,d gas sector
f average USDued growth ined 6%, withinpartially offset
ons, including
d entered intod wealth andhese assets
result of theresulted in theeasured on an
portfolio going
R against GBP, in Businessesnd investment
ncome to a netloss of £182mcompletion of
ce businesses.os and funding
ng activities inrtially offset by
e y
n
y
e ,
D n n t
g
o d
e e n g
, s t
t m
f .
g
n y
Group Fin
Barclays PLC
Group cap The levera
to balance
Leverage
‐ Tota£27pooactivasse
‐ Net an iincrmaj
The fully of £1.6bn
‐ The othemaj
‐ The offs
Tangible and net fa
Group fun The Grou
£149bn (equivalenEngland’s
WholesalemanagemThe Grouwhich £4£6.1bn oProceeds correspon
nance Direc
C – 2016 Interim
pital, leverage ratio decree sheet movem
exposure incr
al loans and abn increase inl in preparatiovity, lending gets held for sal
derivative leveincrease in deease was mosor forward inte
loaded CRD IVn to £42.4bn, w
increase in Cer qualifying ror currencies a
increase in RWet underlying
net asset valuavourable rese
nding and up continued t
December 20nt to a surpluss Funding for L
e funding outment of the liqup issued £5.7.2bn and £0.6f Barclays Ba raised by Banding ranking
ctor’s Revi
m Results
age and baeased to 4.2%ments
eased 12% to
advances and n cash and balaon for the EU rowth of £14be reflecting th
erage exposurerivative liabilitstly within inteerest rates and
V CET1 ratio inwhilst RWAs in
CET1 capital wreserves whichagainst GBP
WAs was princRWA reductio
ue per share inerve movemen
liquidity o maintain su15: £145bn). s of £29bn (DLending Schem
standing excluuidity position
7bn of senior 6bn in public ank PLC seniorclays PLC ha
iew
alance she% (December 2
£1,155bn, wh
other assets iances at centr referendum,
bn within Barcle appreciation
e remained brties resulting erest rate derivd appreciation
ncreased to 11ncreased by £8
was largely drivh included the
cipally due to tns in Non-Cor
ncreased to 28ts
rpluses to its The Liquidity
December 201me of £12bn in
uding repurchn in the immed
unsecured deand private ser debt and ca
ave been used
8
eet 2015: 4.5%) dr
hile total assets
ncreased £93al banks due ta £26bn increlays Corporate
n of ZAR again
roadly flat as ain regulatory vatives and fo of all major cu
1.6% (Decemb8bn to £366bn
ven by profits e currency tra
the appreciatiore
89p (Decembe
internal and reCoverage Rat
15: £37bn) drn Q116 as Barc
hase agreemendiate run-up toebt and capitaenior unsecureapital instrumd to invest in
riven by the in
s increased 21
bn to £718bnto an increase ease in settleme & Internationnst GBP
n increase in aderivative net
oreign exchangurrencies agai
ber 2015: 11.4n
generated in anslation reser
on of USD, EU
er 2015: 275p)
egulatory requio (LCR) decre
riven primarilyclays optimised
nts increased o the 23 June al transactionsed debt respec
ments have be Barclays Ban
crease in lever
% to £1,351b
n. The increasein the cash ele
ment balancesnal and an £8b
assets of £117tting increasinge derivatives nst GBP
4%) reflecting
the period anrves as a resu
R and ZAR ag
) driven by pro
uirements in Heased to 124%
y by the early d its funding c
£12bn to £152016 referend
s from the hoctively, and £0een bought bank PLC instrum
rage exposure
n from 31 Dec
e was primariement of the Gs following in
bn increase in A
7bn to £445bnng £109bn to reflecting a de
an increase in
d favourable mlt of the appr
ainst GBP, wh
ofit generated
H116 with a liq% (December repayment oost
54bn, driven bdum in the Unlding compan
0.9bn of suboack or called ments in each
e primarily due
cember 2015
ly driven by aGroup liquiditycreased clientAfrica Banking
n was offset by £402bn. Theecrease in the
n CET1 capital
movements inreciation of all
ich more than
d in the period
quidity pool of2015: 133%),
of the Bank of
y the prudentited Kingdom.
ny in H116, ofrdinated debt.during H116.
h case with a
e
a y t g
y e e
l
n l
n
d
f , f
t . f . .
a
Group Fin
Barclays PLC
Other mat On 5 May
capital at 10bps increpresent
On 10 MaCallable Dproformapayable o
The acqugain on dSale Rese
Additionawere recprogramm
H116 incl
Dividends An interim
Outlook a 2016 Cor
movemen
The existoperatingRWA guid
1 2016 Core c
Tushar Morz
nance Direc
C – 2016 Interim
tters y 2016, Barclay a price of ZAcrease to theting 50.1% of B
ay 2016, BarclDollar Preferen 6bps decreas
of $89m per an
isition of Visa disposal of £61rves in Q415
al UK customeognised in Q
mes uded an own
s m dividend of
and guidanre cost guidants1, remains u
ting Non-Coreg expenses aredance of aroun
cost guidance of £1
zaria, Group Fi
ctor’s Revi
m Results
ys sold 103.6mAR 126 per shae CET1 ratio BAGL’s issued
ays announcence Shares one to the CET1
nnum from 15
Europe Limite15m in incom
er redress provQ216, reflectin
credit gain of
1.0p per share
nce nce of £12.8
unchanged
e income ande expected to nd £20bn in 20
12.8bn assumed a
inance Directo
iew
m ordinary shaare through ain Q216. Barc share capital.
ed it would exen their optiona ratio in Q216, June 2016 onw
ed by Visa Ince in Q216. £3
visions of £400ng an update
£183m (H115
e will be paid o
bn, excluding
d operating ebe within the
017 remains u
n average USD/GB
or
9
ares in the capn accelerated clays now ho BAGL remains
ercise its right al redemption, but will resultwards
. completed o96m of this a
0m (H115: £1ed estimate o
5: £410m)
on 19 Septemb
g litigation an
expenses guid range of £40nchanged
BP exchange rate o
pital of BAGL, bookbuild pla
olds 424.7m os fully consolid
to redeem its n date of 15 Jt in an ongoin
n 21 June 201mount had pr
,032m) relatinof costs, prim
ber 2016
d conduct ch
dance for 20100m to £500m
of 1.42.
representing 1acing. The plaordinary sharedated within th
$1.15bn 7.75une 2016. Thg reduction in
6 resulted in treviously been
ng to Paymentmarily relating
harges, and s
16 remains um excluding no
12.2% of BAGLcing resulted es in the caphe Group at 30
5% Series 4 Nohe redemptionn preference sh
the recognitio recognised in
t Protection Ing to ongoing
ubject to fore
nchanged. 20otable items. T
L issued sharein a proforma
pital of BAGL,0 June 2016
on-Cumulative resulted in a
hare dividends
on of a pre-taxn Available for
nsurance (PPI)g remediation
eign currency
017 Non-CoreThe Non-Core
e a ,
e a s
x r
) n
y
e e
Results by
Barclays PLC
Barclays UIncome statNet interest incNet fee, commTotal income Credit impairmNet operating Operating expeLitigation and cTotal operatingOther net expeProfit before taAttributable pr
Balance sheLoans and advaTotal assets Customer depoRisk weighted a
Key facts Average LTV oAverage LTV oNumber of braBarclays mobile30 day arrears
PerformancReturn on averAverage allocatCost: income raLoan loss rate (Loan: deposit rNet interest ma
Notable itemGain on disposProvisions for UGain on valuati Excluding nota 1 Average LTV
y Business
C – 2016 Interim
UK
tement inforcome ission and other
ment charges andincome enses conduct g expenses
enses ax ofit
eet informatiances to custom
osits assets
f mortgage portf new mortgagenches e banking custo rate - Barclayca
ce measures
rage tangible equted tangible equatio (bps) ratio argin
ms sal of Barclays’ sUK customer redion of a compon
able items, the Ba
V of mortgage port
m Results
rmation
r income
d other provision
ion mers at amortise
tfolio1 e lending1
omers ard Consumer UK
uity
uity (£bn)
hare of Visa Eurdress nent of the defin
arclays UK retur
tfolio and new mo
ns
ed cost
K
rope Limited
ned retirement b
rn on average ta
ortgage lending cal
10
benefit liability
ngible equity wa
lculated on the bal
Half year en30.0
2,
3,(3
3,(1,8
(4(2,2
1,
As at 30.0
162018
6
Half year en30.0
4
152
13
3.
(4
as 19.4% (H115
lance weighted ba
nded Half y6.16
£m
,977
769
746 366)
380 899)
400)
299)
(1)
080 608
6.16 As at£bn
66.0 04.6
81.7
67.1
nded Half y6.16
47%
63%
,331
5.2m
2.3%
3.6%
9.1 61%
43 91%
59%
£m
151
400)
-
5: 21.9%).
asis.
ear ended 30.06.15
£m
2,965 670
3,635 (333)
3,302 (1,619)
(969) (2,588)
(2) 712 490
t 31.12.15 £bn
166.1 202.5 176.8
69.5
ear ended
30.06.15 51% 62%
1,448 4.2m 2.4%
10.6% 9.4
71% 40
97% 3.57%
£m -
(967) 296
YoY
% Change-
15 3
(10)2
(17)59 11 50 52 24
As at 30.06.15£bn
166.1 202.2 171.6
71.7
Y
e - ) )
5 n
Results by
Barclays PLC
Analysis oAnalysis of totPersonal BankiBarclaycard CoWealth, EntrepTotal income Analysis of crePersonal BankiBarclaycard CoWealth, EntrepTotal credit im
Analysis of loaPersonal BankiBarclaycard CoWealth, EntrepTotal loans and Analysis of cusPersonal BankiBarclaycard CoWealth, EntrepTotal custome
y Business
C – 2016 Interim
of Barclaystal income ng
onsumer UK reneurs & Busin
edit impairmentng
onsumer UK reneurs & Busin
mpairment charg
ans and advanceng
onsumer UK reneurs & Busind advances to c
stomer depositsng
onsumer UK reneurs & Businr deposits
m Results
s UK
ness Banking
t charges and ot
ness Banking ges and other p
es to customers
ness Banking customers at am
s
ness Banking
ther provisions
rovisions
s at amortised c
mortised cost
11
cost
Half year en30.0
1,
3,
(
(3
As at 30.0
1311
16
13
418
nded Half y6.16
£m
,987
954
805
746
(86)
274)
(6)
366)
6.16 As at£bn
34.7
16.2 15.1
66.0
34.8
- 46.9
81.7
ear ended 30.06.15
£m 1,832 1,008
795 3,635
(119) (201)
(13) (333)
t 31.12.15 £bn
134.0 16.2 15.9
166.1
131.0
- 45.8
176.8
YoY% Change
8 (5)
1 3
28 (36)
54 (10)
As at 30.06.15£bn
134.4 15.8 15.9
166.1
126.7 -
44.9 171.6
Y e )
) )
5 n
Results by
Barclays PLC
Barclays U
Income stat
Profit befdecreasedreduction
Total incoBusiness
Personpartia
BarclaIntercimplem
Wealtfrom margi
Net ininitiat
Neoff
Net feRegulafee an
Credit imBarclayca
Total opeoperatingrestructurimplemen
Underlyin
Balance she
Loans and
Total asse
Customer
RWAs redRegulatio
y Business
C – 2016 Interim
UK
tement – H1
fore tax incred 4% to £1,32
n in operating e
ome, includingBanking increa
nal Banking illy offset by a
aycard Consumhange Fee Rmented
h, Entrepreneuclients in equns and balanc
nterest incomeives, offset by
et interest maffset by lower l
ee, commissionation, which b
nd commission
mpairment chaard Consumer
erating expensg expenses redring of the brntation costs a
ng cost: income
eet – 30 June
d advances to
ets increased 1
r deposits incr
duced £2.4bn n Authority (P
m Results
16 compared
ased 52% to 9m driven by expenses
g a gain on disased 3% to £3
ncome increalower mortgag
mer UK incomRegulation, wh
urs & Businessity markets an
ce growth
e was broadly a lower mortg
rgin increasedending margin
n and other inbegan to comen income in W
arges increasUK, whilst the
ses reduced 1duced 1% to anch network
and increased a
e ratio was 53
e 2016 comp
customers we
1% to £204.6b
eased 3% to £
to £67.1bn prPRA)
d to H115
£1,080m. Unreduced incom
posal of Barcla3,746m. Under
ased 1% to £ge margin
me decreasedhich began to
s Banking (WEnd a reduction
in line at £2,gage margin
d 2bps to 3.59ns
come decrease into full effecEBB
ed 10% to £ 30 day and 90
1% to £2,299£1,899m refle
k and technoloamortisation f
% (H115: 53%
ared to 31 D
ere stable at £1
bn driven by an
£181.7bn prim
rimarily driven
12
nderlying profme and an inc
ays’ share of Vrlying total inco
1,858m driven
d 5% to £954o come into
BB) decreasedn in assets un
977m (H115:
9% reflecting h
sed 8% to £61ct from Decem
£366m prima0 day arrears r
9m, including ecting savingsogy improvemfrom investme
%) and underly
December 20
166.0bn (Dece
n increase in W
arily driven by
by credit risk
fit before tax,rease in credit
Visa Europe Limome reduced 1
n by improve
4m primarily full effect fr
d 2% to £783mnder managem
£2,965m) du
higher margin
8m due to thember 2015, an
arily due to rrates remained
provisions fos realised from
ments, partiallynt in digital
ying RoTE was
015
ember 2015: £
WEBB
y higher balanc
model change
excluding tht impairment c
mited recognis1% to £3,595m
d deposit ma
driven by throm Decembe
m driven by redment, partially
ue to balance
ns on Persona
e impact of thend is now fully
refinement ofd stable year-o
or UK customem strategic coy offset by str
s 19.4% (H115
£166.1bn)
ces in Persona
es following a
he impact of charges, partia
sed in Personam, within whic
argins and ba
e impact of er 2015, and
duced transactoffset by imp
growth and d
l Banking dep
e European Inty implemented
f impairment on-year
er redress. Unost programmeructural reform
5: 21.9%)
l Banking
pproval from t
notable itemsally offset by a
al Banking andch:
lance growth,
the European is now fully
tional appetiteproved deposit
deposit pricing
osits, partially
terchange Feed, and reduced
modelling in
nderlying totales, relating to
m programme
the Prudential
s a
d
,
n y
e t
g
y
e d
n
l o e
l
Results by
Barclays PLC
Barclays CIncome statNet interest incNet trading incNet fee, commTotal income Credit impairmNet operating Operating expeLitigation and cTotal operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaTrading portfoDerivative finanDerivative finanReverse repurcFinancial assetTotal assets Customer depoRisk weighted a
PerformancReturn on averAverage allocatCost: income raLoan loss rate (Loan: deposit rNet interest ma
Notable itemGain on disposGains on US LeProvisions for oExchange Gain on valuati Excluding nota 1 As at 30 Jun
balances ofloans and a£5.7bn)). L
2 As at 30 Jun2015: £15.9
3 Excludes In
y Business
C – 2016 Interim
Corporate tement inforcome ome ission and other
ment charges andincome enses conduct g expenses me ax ofit
eet informatiances to banks alio assets ncial instrumentncial instrumentchase agreements designated at
osits2 assets
ce measures
rage tangible equted tangible equatio (bps) ratio argin3
ms sal of Barclays’ sehman acquisitioongoing investig
ion of a compon
able items, the Ba
ne 2016 loans andf £39.9bn (Decemadvances to banksLoans and advancene 2016 customer9bn).
nvestment Banking
m Results
& Internatrmation
r income
d other provision
ion and customers a
t assets t liabilities ts and other simfair value
uity uity (£bn)
hare of Visa Euron assets gations and litiga
nent of the defin
arclays Corpora
d advances includeber 2015: £18.5bn
s (including settlemes to banks and cur deposits included
g related balances.
tional
ns
at amortised cos
milar secured len
rope Limited
ation including F
ned retirement b
te & Internation
ed £204.4bn (Decen) and cash collatement balances of £ustomers in respecd settlement balan
.
13
st1
nding
Foreign
benefit liability
al return on ave
ember 2015: £162eral of £29.8bn (De£6.2bn (December ct of Consumer, Ca
nces of £38.9bn (De
Half year en30.0
2,2,3,7,(5
7,(4,
(4,3
2,1,
As at 30.0
236
1818
16
672220
Half year en30.0
142
4.
erage tangible eq
2.6bn) of loans andecember 2015: £24r 2015: £1.6bn) andards and Paymentsecember 2015: £1
nded Half y6.16
£m
,111
,375
,066
552 509)
043 295)
(14)
309)
19
753 ,746
6.16 As at£bn
30.6
68.1 81.4
87.5
19.7 68.3 79.9
26.5
09.3
nded Half y6.16
4.3%
25.0 57%
44 90%
76%
£m
464
-
-
-
quity was 10.7%
d advances to cust4.8bn)), and £26.2d cash collateral os were £35.4bn (D6.3bn) and cash c
ear ended 30.06.15
£m
2,095 2,372 3,089 7,556 (384)
7,172 (3,963)
(857) (4,820)
28 2,380 1,360
t 31.12.15 £bn
184.1 61.9
111.5 119.0
24.7 46.8
532.2 185.6 194.8
ear ended 30.06.15
11.0% 25.0 64%
36 92%
4.52%
£m -
496
(800)
133
% (H115: 12.4%)
tomers (including s2bn (December 20of £5.3bn (DecembDecember 2015: £3collateral of £18.7b
YoY
% Change1 -
(1)-
(33)(2)(8)98 11
(32)16 28
As at 30.06.15£bn
210.5 75.3
116.0 124.8
57.4 5.6
566.1 197.7 195.4
).
settlement 015: £21.5bn) of ber 2015: 32.1bn). bn (December
Y
e ) ) ) ) )
5 n
Results by
Barclays PLC
Analysis o
Corporate Income statAnalysis of totCredit
Equities Macro Markets Banking fees Corporate lendTransactional bBanking Other Total income Credit impairmTotal operatingProfit before ta
Balance sheRisk weighted a
PerformancReturn on averAverage allocat Excluding nota
ConsumerIncome statTotal income Credit impairmTotal operatingProfit before ta
Balance sheLoans and advaCustomer depoRisk weighted a
Key facts 30 day arrears Total number oValue of payme
PerformancReturn on averAverage allocat
Excluding nota
y Business
C – 2016 Interim
of Barclays
and Investmtement infortal income
ding banking
ment charges andg expenses ax
eet informatiassets
ce measures
rage tangible equted tangible equ
able items, the C
, Cards andtement infor
ment charges andg expenses ax
eet informatiances to banks aosits assets
rates – Barclaycof Barclaycard bents processed
ce measures
rage tangible equted tangible equ
able items, the C
m Results
s Corporate
ment Bank
rmation
d other provision
ion
uity uity (£bn)
IB return on ave
d Payments
rmation
d other provision
ion and customers a
card US usiness clients
uity
uity (£bn)
onsumer, Cards
e & Interna
ns
erage tangible eq
ns
at amortised cos
s and Payments
14
ational
quity was 8.4%
st
return on avera
Half year en30.0
1,2,1,
2,
5,(
(3,41,
As at 30.0
17
Half year en30.0
82
(H115: 11.7%).
Half year en30.0
2,(3(
1,
As at 30.0
343
Half year en30.0
2350,£14
50
ge tangible equi
nded Half y6.16
£m
591
919
,185
695 ,103
608
798
509 3
207 132)
465)
610
6.16 As at£bn
78.4
nded Half y6.16
8.4%
21.5
nded Half y6.16
£m
345 377)
844)
143
6.16 As at£bn
35.4 46.9 30.9
nded Half y6.16
2.2%
,000 41bn
0.9%
3.5
ity was 24.9% (H
ear ended 30.06.15
£m
438 1,177 1,239 2,854 1,128
672 829
2,629 496
5,979 (41)
(4,027) 1,912
t 31.12.15 £bn
167.3
ear ended 30.06.15
9.8% 22.0
ear ended 30.06.15
£m 1,577 (344) (793) 468
t 31.12.15 £bn
32.1 41.8 27.5
ear ended 30.06.15
1.9% 343,000
£135bn
20.4% 3.0
H115: 17.5%).
YoY
% Change
35 (22)
(4)(6)(2)
(10)(4)(5)
(99)(13)
14 (16)
As at 30.06.15£bn
170.0
YoY
% Change49
(10)(6)
As at 30.06.15£bn
29.6 38.4 25.4
Y
e
) ) ) ) ) ) ) ) )
)
5 n
Y
e ) )
5 n
Results by
Barclays PLC
Barclays C
Profit befdecreasedappreciatcosts, and
UnderlyinUSD and decreasin
Underlyin
Corporate a
Income stat
Profit befdecreasedincreasedby restruchave also
Underlyin
– Marke
– Crwh
– Eqontra
– MQ2
– Bankin
– Baad
– CoH1
– Troff
Credit imprimarily
Underlyinrestructurcosts
Balance she
Loans anincreases
Derivativeto decrea
Trading p
Financial repurchasrequireme
y Business
C – 2016 Interim
Corporate
fore tax incread 10% to £2,2ion of averagd a 33% increa
ng total incomEUR against G
ng 5% to £5,20
ng cost: income
nd Investme
tement – H1
fore tax decread 25% to £1,6
d credit impairmcturing and st been impacte
ng total income
ets income dec
redit income inhich benefitted
quities incomen returns as loading environm
acro income d216 performan
ng income dec
anking fee incodvisory and deb
orporate lendin115, in additio
ransactional baffset by income
pairment chain Q116, large
ng total operatring and struc
eet – 30 June
d advances to in settlements
e financial instses in major fo
portfolio assets
assets designse agreementsents
m Results
& Internat
ased 16% to £289m driven be USD and EUase in credit im
e remained brGBP, with Con07m
e ratio was 61
nt Bank (CIB
16 compared
ased 16% to £610m primarilyment charges tructural refored by the appre
e decreased 5%
creased 6% to
ncreased 35%d from increas
e decreased 22wer income in
ment
decreased 4%nce, primarily i
creased 5% to
ome decreasedbt underwritin
ng reduced 10n to some ma
anking income from higher d
rges of £132mely in respect o
ting expenses ctural reform p
e 2016 comp
o banks and cs, cash collate
trument assetsorward interes
s increased £6
nated at fair s that have b
tional
£2,753m. Undeby a 4% increUR against GB
mpairment cha
roadly in line ansumer, Cards
% (H115: 59%
)
d to H115
£1,610m. Undey due to a reduof £132m (H1
rm programmeeciation of ave
% to £5,207m
o £2,695m, wit
% to £591m drsed market vol
2% to £919m n EMEA and A
% to £1,185m in rates and cu
£2,509m, wit
d 2% to £1,103ng fees
0% to £608m rgin reduction
e reduced 4%deposit balanc
m (H115: £41of counterparti
increased 5%programme im
ared to 31 D
customers at ral and new cl
s and liabilitiesst rates and ap
.2bn to £68.1b
value increasbeen designate
15
erlying profit bease in underlBP, structural arges to £509m
at £7,088m (H and Payment
%) and underly
erlying profit buction in incom15: £41m), an
e implementaerage USD aga
:
thin which:
riven by stronatility
following simAsia was partia
due to lower urrency produc
thin which:
3m driven by l
due to the non, partially offse
% to £798m pces and an inc
m) arose fromes in the oil an
% to £3,465m mplementation
December 20
amortised coient activity du
s increased 63preciation of m
bn due to an in
sed £21.4bn ed at fair valu
before tax, whlying total opereform progra
m
H115: £7,060mts income incr
ying RoTE was
before tax, whme driven by cnd increased ution costs. To
ainst GBP
g performanc
mplification of ally offset by in
client activitycts
lower equity u
on-recurrence et by balance g
rimarily due torease in paym
m impairmentnd gas sector
due to the apn costs, partia
015
st increased £uring the perio
3% to £181.2bmajor currenci
ncrease in clien
to £68.2bn pue, increased
hich excludes terating expenamme implem
m), including treasing 19% to
s 10.7% (H115
hich excludes tchallenging m
underlying totaotal income an
e in fixed inco
the business mncreases in the
y in Q116 part
nderwriting fe
of a one-off wgrowth
o margin and ent volumes
t of a number
ppreciation oflly offset by lo
£43.2bn to £1od
bn and 57% toies against GB
nt activity
primarily due matched boo
the impact of ses to £4,309
mentation and
the appreciatio £1,881m an
5: 12.4%)
the impact of arket conditio
al operating exnd total opera
ome credit flo
model with me Americas in
tially offset by
ees, partially of
work-out gain
rate compres
r of single nam
f average USDower litigation
195.2bn prima
o £187.4bn resP
to an increak trading and
notable items9m due to the restructuring
on of averagend CIB income
notable itemsons in Equities,xpenses driventing expenses
w businesses,
minimal impact a challenging
y an improved
ffset by higher
recognised in
ssion, partially
me exposures
D against GBP,n and conduct
arily driven by
spectively, due
ase in reversed firm funding
s e g
e e
s ,
n s
,
t g
d
r
n
y
s
, t
y
e
e g
Results by
Barclays PLC
Total asserepurchasdecrease
Customerclient acti
RWAs incappreciat
Consumer, C
Income stat
Profit befoincreased
Total incoUnderlyinMerchant
Credit impUSD and
Underlyinaverage U
Balance she
Loans andacquisitio
Customerbusinesse
RWAs incacquisitio
y Business
C – 2016 Interim
ets increased se agreementsin other assets
r deposits incrivity during the
creased £11.1ion of USD aga
Cards and Pa
tement – H1
ore tax increasd 65% to £679
ome, includinng total incomt Acquiring, an
pairment charEUR against G
ng total operaUSD and EUR a
eet – 30 June
d advances toon of the JetBlu
r deposits incres
creased £3.4bon of card port
m Results
29% to £625.s, loans and ads
reased £36.0bne period
bn to £178.4bainst GBP
ayments
16 compared
sed £675m to m as loans an
g a gain on me increased nd the apprecia
ges increased GBP
ating expensesagainst GBP
e 2016 comp
o banks and cuue credit card p
reased £5.1bn
bn to £30.9bnfolios
.9bn primarily dvances to ba
n to £179.7bn
bn primarily d
d to H115
£1,143m. Undd advances to
disposal of Ba19% to £1,88ation of averag
10% to £377m
s were broad
ared to 31 D
ustomers grewportfolio
to £46.9bn d
n primarily dr
16
due to an incanks and custo
n primarily driv
due to an incr
derlying profit banks and cu
arclays’ share81m driven byge USD and EU
m primarily dr
ly in line at £
December 20
w 10% to £35
riven by stron
riven by the
crease in derivomers, and tra
ven by increase
rease in the fa
before tax, whustomers increa
e of Visa Euroy continued gUR against GBP
iven by balanc
£844m (H115
015
.4bn driven by
g balance gro
appreciation
vative financiaading portfolio
es in settleme
air value of de
hich excludes ased 20% yea
ope Limited ingrowth in BarP
ce growth and
5: £849m) inc
y growth in Ba
wth in Wealth
of USD and
l instrument ao assets, partia
nts, cash colla
erivative expos
the impact of r-on-year
ncreased 49%claycard US,
the appreciat
cluding the ap
arclaycard US,
h International
EUR against
assets, reverseally offset by a
ateral and new
sures and the
notable items
% to £2,345m.Germany and
ion of average
ppreciation of
, including the
and Offshore
GBP, and the
e a
w
e
s
. d
e
f
e
e
e
Results by
Barclays PLC
Head OffiIncome statTotal income Credit impairmNet operating Operating expeLitigation and cTotal operatingOther net expeProfit before taAttributable pr
Balance sheTotal assets1 Risk weighted a
PerformancAverage allocat
Notable itemOwn credit Losses on sale 1 Includes Afri
Head Offi
Income stat
Profit bef£9m to £4
Underlyinsubordina
Underlyinprofession
Balance she
Total assethe 23 Jun
RWAs inc
y Business
C – 2016 Interim
ce
tement infor
ment charges andincome enses conduct g expenses
enses ax ofit
eet informati
assets1
ce measures
ted tangible equ
ms
relating to the S
ica Banking assets
ce
tement – H1
fore tax reduc49m
ng total incomated debt in Q
ng total operatnal fees
eet – 30 June
ets increased £ne 2016 refere
creased £3.5bn
m Results
rmation
d other provision
ion
uity (£bn)
Spanish business
s held for sale of £5
16 compared
ed 47% to £1
me increased t116
ing expenses i
e 2016 comp
£28.3bn to £87endum in the U
n to £43.2bn p
ns
s
56.0bn (December
d to H115
134m. Underly
to £118m (H1
increased £34
ared to 31 D
7.7bn driven bUnited Kingdom
primarily due to
17
r 2015: £47.9bn) a
ying loss befo
115: £45m) p
m to £139m p
December 20
by an increase m
o the apprecia
Half year en30.0
(
(1
As at 30.0
84
Half year en30.0
and risk weighted a
re tax, exclud
primarily reflec
primarily due t
015
in the liquidity
tion of ZAR ag
nded Half y6.16
£m
301
(1)
300 121)
(18)
139)
(27)
134 90
6.16 As at£bn
87.7 43.2
nded Half y6.16
£bn
5.8
£m
183
-
assets of £36.1bn
ing the impac
cting one-off
o an increase
y buffer held d
gainst GBP
ear ended 30.06.15
£m
455 (1)
454 (98)
(7) (105)
(94) 255 152
t 31.12.15 £bn
59.4 39.7
ear ended 30.06.15
£bn
1.4
£m 410 (97)
(December 2015:
ct of notable i
gains from th
in litigation se
ue to uncertai
YoY
% Change(34)
- (34)(23)
(32)71
(47)(41)
As at 30.06.15£bn
62.2 41.0
£31.7bn).
tems reduced
he buyback of
ettlements and
nty relating to
Y
e ) ) )
) ) )
5 n
d
f
d
o
Results by
Barclays PLC
Barclays NIncome statNet interest incNet trading incNet fee, commTotal income Net claims andTotal income nCredit impairmNet operating Operating expeLitigation and cTotal operatingOther net expeLoss before taxAttributable los
Balance sheLoans and advaDerivative finanDerivative finanReverse repurcFinancial assetTotal assets Customer depoRisk weighted a
PerformancAverage allocatPeriod end alloLoan loss rate (
Notable itemProvisions for ULosses on sale Analysis of incBusinesses Securities and Derivatives Total income n
1 As at 30 Ju
of £0.1bn (advances t
2 As at 30 Ju£12.3bn).
y Business
C – 2016 Interim
Non-Core
tement inforcome ome ission and other
d benefits incurrenet of insurance
ment charges andincome enses conduct g expenses
enses x ss
eet informatiances to banks ancial instrumentncial instrumentchase agreements designated at
osits2 assets
ce measures
ted tangible equocated tangible e(bps)
ms UK customer red relating to the S
come net of insu
loans
net of insurance
une 2016 loans and(December 2015: to banks (includingune 2016 customer
m Results
rmation
r income
ed under insurane claims d other provision
ion and customers at assets t liabilities ts and other simfair value
uity (£bn) equity (£bn)
dress Spanish business
urance claims
e claims
d advances include £0.3bn) and cashg settlement balanr deposits included
nce contracts
ns
at amortised cos
milar secured len
s
ed £52.4bn (Decemh collateral of £28.nces of £0.1bn (Decd settlement balan
18
st1
nding
mber 2015: £40.4b.8bn (December 2cember 2015: £nil)
nces of £0.1bn (De
Half year en30.0
(9
(4((5
(6(
(9(3
(1,9(1,4
As at 30.0
62625
137
14
Half year en30.0
(((5
bn) of loans and a2015: £19.0bn)), al) and cash collaterecember 2015: £0.2
nded Half y6.16
£m
136
953)
370
447)
139)
586)
(55)
641)
857)
(93)
950)
313)
904)
490)
6.16 As at£bn
68.5 62.8
53.4
0.1
15.4 79.1
17.4 46.7
nded Half y6.16
8.5 7.8 15
£m
- -
377
765)
198)
586)
advances to customand £16.1bn (Deceral of £15.0bn (De2bn) and cash col
ear ended 30.06.15
£m
310 (184) 506 632
(167) 465 (61) 404
(945) (132)
(1,077) (72)
(745) (582)
t 31.12.15 £bn
51.8 213.7 202.1
3.1 21.4
325.8 20.9 54.3
ear ended 30.06.15
11.8 10.1
17
£m
(65) (21)
596 (68) (63) 465
mers (including seember 2015: £11.4ecember 2015: £10llateral of £14.5bn
YoY% Change
(56)
(27)
17
10
9 30 12
As at 30.06.15£bn
60.4 223.9 216.7
16.7 22.1
366.2 27.9 68.6
YoY% Change
(37)
ettlement balances4bn) of loans and0.1bn)).
n (December 2015:
Y e
)
)
5 n
Y
e
)
s d
:
Results by
Barclays PLC
Barclays N
Income stat
Loss befoincreasedprogress with the vhigher fai
Total inco
Busineof the
Secur£424mportfo
Derivafundin
Credit imp
Underlyinbanking a£180m in
Other netretail, and
Balance she
Loans andcollateral restructurand invesassets
Derivativeto a ratesthe contin
Customer
Total ass£49.1bn t
Leverage portfolio a
RWAs redand a £1market m
y Business
C – 2016 Interim
Non-Core
tement – H1
ore tax increased to £1,904m
on the rundowvaluation of thr value losses
ome net of insu
esses income e Barclays Wea
ities and loansm (H115: £17olio loan terms
atives income ng costs
pairment char
ng total operatactivities in a
ncrease in restr
t expenses of £d wealth and in
eet – 30 June
d advances to assets and thre of LOBO loastment manag
e financial inst rally across th
nued rundown
r deposits decr
sets increased to £262.8bn. D
exposure decassets
duced £7.6bn bn reduction
movements
m Results
16 compared
ed to £1,904m (H115: £659wn of Securiti
he French retaon the ESHLA
urance claims
reduced 37% alth Americas,
s income decr75m) on the s and the non-
reduced £135
ges improved
ting expenses number of coructuring char
£313m (H115nvestment ma
e 2016 comp
o banks and cuhe reclassificaan terms, partigement busine
trument assetshe three majorn of the derivat
reased £3.5bn
£53.3bn to Derivative finan
creased £15bn
to £46.7bn inin Businesses
d to H115
m (H115: £7459m) driven byies and loans,il, and wealth portfolio
reduced £1,05
to £377m dueUK Secured Le
reased £697mESHLA portforecurrence of
5m to an exp
10% to £55m
improved 6%ountries and thrges
: £72m) includnagement bus
ared to 31 D
ustomers at aation of £8bn ally offset by t
ess to assets h
s and liabilitiesr currencies (Gtive back book
n to £17.4bn du
£379.1bn duencial instrume
n to £134bn d
ncluding a £3b RWAs, despit
19
5m). Underlyiny reduced inc Businesses, a and investme
51m to a net e
e to the impacending and Po
m to a net explio, a one-off a £91m provis
pense of £198
m due to higher
% to £950m rehe completion
ded a £372m isinesses
December 20
mortised cost of ESHLA loathe reclassificaeld for sale, a
s increased 23GBP, USD, EURk
ue to the incre
e to higher dnt liabilities inc
due to reduced
bn reduction inte the appreci
g loss before tcome and incand Derivativeent manageme
expense of £58
ct of lower incrtuguese retai
ense of £765m loss of £182sion release re
m reflecting t
r recoveries in
eflecting cost n of the sale o
impairment as
015
t increased 32ans now reco
ation of assets nd the rundow
3% to £262.8bR) from Decem
ease in collater
erivative financreased £51.3
d potential fut
n Derivatives, ation of USD
tax, excluding creased lossese assets, a £37ent businesses
86m
come followingl and insuranc
m primarily dr2m due to thelating to a litig
the active run
Europe
savings from of several busi
ssociated with
% to £68.5bnognised at am on the annouwn and exit of
bn and 25% tomber 2015 to Ju
ral received
ncial instrumebn to £253.4b
ture exposure
a £3bn reductand EUR agai
the impact of s resulting fro72m impairmes in other net e
g the completice businesses
riven by fair ve restructure gation matter i
down of the p
ceasing certanesses, partia
the valuation
n due to an incmortised cost,
nced sale of thf historical inv
o £253.4bn resune 2016, par
ent assets whbn
e on derivative
tion in Securitinst GBP and
notable itemsom continuedent associatedexpenses, and
ion of the sale
value losses ofof the ESHLAn Q115
portfolios and
ain investmentlly offset by a
of the French
crease in cashfollowing the
he Asia wealthvestment bank
spectively, duetially offset by
hich increased
es and trading
ties and loans,other adverse
s d d d
e
f A
d
t a
h
h e h k
e y
d
g
, e
Africa Ban
Barclays PLC
On 1 March 2be to a level wregulatory apinterest in BArepresents 50 The Africa Bahave been prcontrolling inless estimateresulting imp
Africa BanIncome statNet interest incNet fee, commTotal income Net claims andTotal income nCredit impairmNet operating Total operatingOther net incomProfit before taProfit after tax Attributable pr
Balance sheTotal assets Risk weighted a
Key facts Period end - ZA6 month averagBarclays AfricaBarclays Africa 1 The averag
nking - Dis
C – 2016 Interim
2016, Barclayswhich will per
pprovals if andAGL with the s0.1% of BAGL’
anking busineresented as twnterest in resped costs to sell,
pairment to Bar
nking
tement inforcome ission and other
d benefits incurrenet of insurance
ment charges andincome
g expenses me ax ofit
eet informati
assets
AR/£ ge - ZAR/£1 Group Limited Group Limited
ge rate is derived fr
scontinued
m Results
s announced itrmit deconsolid as required. Osale of 12.2% s issued share
ss meets the wo lines on thect of the disc, to fall below rclays’ stake in
rmation
r income
ed under insurane claims d other provision
ion
share price (ZAnumber of share
rom daily spot rate
d Operation
ts intention to dation from aOn 5 May 201of BAGL’s issu
e capital.
requirements e face of the
continued ope the carrying an BAGL would
nce contracts
ns
R) es (m)
es during the year.
n
20
sell down then accounting 6 Barclays exe
ued share cap
for presentatiGroup incomeration. Were t
amount of the also be recogn
e Group’s interand regulatorecuted the firsital. Following
on as a discoe statement, rthe fair value o net assets of nised through
Half year en30.0
1,
1,(
1,(1,0
As at 30.0
53
Half year en30.0
1922
144
rest in BAGL. Try perspective,st tranche of t completion o
ntinued operaepresenting thof BAGL, baseBAGL includin these lines.
nded Half y6.16
£m
982 802
784 (87)
697 244)
453 020)
2
435 311 156
6.16 As at£bn
56.0 36.1
nded Half y6.16
9.63 2.17 4.08 848
This sell down subject to shhe sell down o
of the sale, Bar
ation. As suchhe profit after d on its quote
ng goodwill on
ear ended 30.06.15
£m
1,011
848
1,859 (81)
1,778 (194)
1,584 (1,075)
3
512 358
193
t 31.12.15
£bn
47.9 31.7
ear ended 30.06.15
19.12
18.16
182.98
848
is intended toareholder andof the Group’srclays’ holding
, these results tax and non-
ed share price,n acquisition, a
YoY
% Change(3)(5)(4)(7)(5)
(26)(8)
5 (33)(15)(13)(19)
As at 30.06.15£bn
52.2 34.4
o d s g
s -,
a
Y
e ) ) ) ) ) ) ) ) ) ) )
5 n
Quarterly
Barclays PLC
Barclays GIncome statTotal income nCredit impairmNet operating Operating expeUK bank levy Litigation and cTotal operatingOther net (expeProfit/(loss) bTax (charge)/cProfit/(loss) afoperations Profit after tax operation AttributableOrdinary equityOther equity hoNon-controlling
Balance sheTotal assets Risk weighted aLeverage expos
PerformancReturn on averAverage tangibCost: income raLoan loss rate (Basic earnings/
Notable itemOwn credit Gain on disposEurope LimitedGains on US LeRevision of ESHProvisions for UProvisions for olitigation includGain on valuatiretirement benImpairment of to businesses bLosses on sale Portuguese and Excluding notawas 1.8p (Q21
Results Su
C – 2016 Interim
Group tement infornet of insurance
ment charges andincome enses
conduct g expenses enses)/income efore tax
credit fter tax in respe
in respect of dis
e to:
y holders of the olders g interests
eet informati
assets sure
ce measures
rage tangible shable shareholdersatio (bps) /(loss) per share
ms
sal of Barclays’ sd ehman acquisitioHLA valuation mUK customer redongoing investigding Foreign Excion of a componefit liability goodwill and otbeing disposed relating to the Sd Italian busines
able items, the Q5: 6.5p).
ummary
m Results
rmation claims d other provision
ect of continuin
scontinued
parent
ion
areholders' equits' equity (£bn)
e
hare of Visa
on assets methodology dress gations and change nent of the defin
ther assets relati
Spanish, sses
Q216 return on a
Q216
£m
5,972
ns (488)
5,484 (3,425)
- (447)
(3,872)
(342)
1,270 (467)
g 803
145
677
104
167
£bn
1,351.3
366.3
1,155.4
ty 5.8%
48.3 65%
41 4.2p
£m
292
615
- -
(400)
-
ned -
ing -
-
average tangible
21
Q116
£m
5,041 (443)
4,598 (3,747)
- (78)
(3,825) 20
793 (248)
545
166
433 104 174
£bn 1,248.9
363.0 1,082.0
3.8% 48.3 76%
40 2.7p
£m (109)
-
- - -
-
-
-
-
shareholders’ e
Q415 Q
£m
4,448 5,(554) (4
3,894 5,(3,547) (3,5
(426) (1,722) (6(5,695) (4,2
(274) ((2,075)
(164) (
(2,239)
101
(2,422) 107 177
£bn 1,120.0 1,23
358.4 381,027.8 1,14
(20.1%) 347.8 4
128% 53
(14.4p)
£m (175)
-
- -
(1,450) (2
(167) (2
-
(96)
(261) (2
equity was 2.5%
Q315 Q215
£m £m
481 6,461 429) (393) 052 6,068 552) (3,557)
- - 699) (927) 251) (4,484) 182) (39) 619 1,545 133) (324)
486 1,221
167 162
417 1,146 79 79
157 158
£bn £bn 36.5 1,196.7 81.9 376.7 40.7 1,139.3
3.6% 9.8% 47.6 47.2 78% 69%
37 35 2.6p 7.0p
£m £m 195 282
- -
- 496 - -
290) (850)
270) -
- -
- -
201) -
(Q215: 9.1%) a
Q115
£m
5,650 4(386)
5,264 3(3,067) (3
- (1,039) (1(4,106) (5
(101) 1,057 (1(528)
529 (1
196
465 (180
180
£bn 1,416.4 1,3
395.9 41,254.7 1,2
4.0% (148.1 73%
32 2.9p (1
£m 128
-
- -
(182)
(800)
429
-
(118)
and basic earnin
Q414 Q314
£m £m
4,097 5,987 (495) (435)
3,602 5,552 3,696) (3,653)(418) -
1,089) (607)5,203) (4,260)
(82) (336)1,683) 956
134 (507)
1,549) 449
168 171
1,679) 379 80 80
218 161
£bn £bn357.9 1,365.7 401.9 412.9 233.4 1,323.9
3.8%) 3.4%48.3 46.8
127% 71%45 39
10.2p) 2.4p
£m £m(62) 44
- -
- 461 (935) - (200) (10)
(750) (500)
- -
- -
(82) (364)
gs per share
4
m
) ) ) ) ) )
n
%
%
p
m
)
)
)
Quarterly
Barclays PLC
Barclays CIncome statTotal income nCredit impairmprovisions Net operating Operating expeUK bank levy Litigation and cTotal operatingOther net (expeProfit/(loss) bTax charge Profit/(loss) afNon-controllingOther equity hoAttributable pr Balance sheTotal assets Risk weighted a
PerformancReturn on averAverage tangibCost: income raLoan loss rate (Basic earnings/
Notable itemOwn credit Gain on disposVisa Europe LimGains on US LeProvisions for UProvisions for oand litigation inExchange Gain on valuatithe defined retLosses on sale Portuguese and Excluding notawas 6.6p (Q21
Results Su
C – 2016 Interim
ore tement infornet of insurance
ment charges and
income enses
conduct g expenses enses)/income efore tax
fter tax g interests olders rofit/(loss)
eet informati
assets
ce measures
rage tangible equble equity (£bn) atio (bps) /(loss) per share
ms
sal of Barclays’ smited ehman acquisitioUK customer redongoing investigncluding Foreign
ion of a componirement benefit relating to the Sd Italian busines
able items, the Q5: 7.7p).
ummary
m Results
Q
rmation claims 6d other
5(3
(3
2
1
1
ion
93
uity 1
e
hare of
on assets dress gations n
nent of liability Spanish, sses
Q216 Core return
Q216 Q11
£m £m
6,316 5,283
(462) (414
5,854 4,8693,057) (3,258
- (420) (12,477) (3,270
(18) 92,359 1,608(696) (485,663 1,123(80) (84(89) (89
,494 950
£bn £b972.2 883.6319.6 312.2
5.0% 9.9%40.4 39.355% 62%
45 429.0p 5.8
£m £m292 (109
615
- (400)
-
-
-
n on average tan
22
6 Q41
m £m
3 4,516
4) (522
9 3,9948) (2,992- (338
2) (1,6340) (4,9649 (58 (9755) (923 (1,0674) (819) (920 (1,240
n £b6 794.22 304.
% (12.8%3 38.% 110%2 57p (7.3p
m £m9) (175
-
- - (1,392
- (167
-
- (15
ngible equity wa
5 Q315
m £m
6 5,265
2) (388)
4 4,877 2) (3,094) 8) - 4) (419) 4) (3,513) 5) 13 5) 1,377 2) (299) 7) 1,078 1) (54) 2) (63) 0) 961
bn £bn 2 862.0 1 316.3
%) 10.4% 1 37.5 % 67% 7 39 p) 5.8p
m £m 5) 195
- -
- - 2) (290)
7) (69)
- -
5) -
s 11.0% (Q215:
Q215 Q
£m
6,219 5
(373) (
5,846 5,(3,061) (2,
- (819) (1,
(3,880) (3,14
1,980 1,(474) (
1,506 (64) (61)
1,381
£bn 830.5 9308.1 3
15.5% 735.9 62%
38 8.4p
£m 282
-
496 (800) (
- (
-
-
14.0%) and the
Q115 Q
£m
,428 4,
(345) (4
,083 4,3,618) (3,0
- (3,015) (1,0633) (4,3(83)
,367 (614) (753 (2(68) ((65) 620 (4
£bn 19.4 8518.0 31
7.1% (4.35.6 367% 9
35 3.8p (2
£m 128
-
- (167) (
(800) (7
429
(97)
e Core basic earn
Q414 Q314
£m £m
791 5,368
481) (393)
310 4,975 076) (3,000)316) - 004) (507)396) (3,507)
6 322 (80) 1,790 172) (564)253) 1,226 100) (48)(64) (61)
417) 1,117
£bn £bn55.5 867.9 12.8 318.8
.8%) 14.1%34.0 32.2 92% 65%
52 41 2.5p) 6.9p
£m £m(62) 44
- -
- 461 199) 8
750) (500)
- -
- 315
nings per share
4
m
)
) ) ) ) ) )
n
%
%
p
m
)
Quarterly
Barclays PLC
Barclays NIncome statBusinesses Securities and Derivatives Total income nCredit impairmNet operating Operating expeUK bank levy Litigation and cTotal operatingOther net (expeLoss before taxTax credit/(chaLoss after tax Non-controllingOther equity hoAttributable lo Balance sheLoans and advaamortised costDerivative finanDerivative finanReverse repurcsecured lendingFinancial assetTotal assets Customer depoRisk weighted a
PerformancAverage allocatPeriod end alloLoan loss rate (Basic loss per s
Notable itemRevision of ESHProvisions for UProvisions for olitigation includImpairment of to businesses bLosses on sale and Italian bus Excluding nota
Results Su
C – 2016 Interim
on-Core tement infor
loans
net of insurancement charges and
(expenses)/incenses
conduct g expenses enses)/income x arge) g interests olders
oss
eet informatiances to banks at ncial instrumentncial instrumentchase agreementg s designated at
osits assets
ce measures
ted tangible equocated tangible e(bps) share contributio
ms
HLA valuation mUK customer redongoing investigding Foreign Exc goodwill and otbeing disposed relating to the Siness
able items the Q2
ummary
m Results
rmation
e claims d other provisioncome
ion
and customers a
t assets t liabilities ts and other sim
fair value
uity (£bn)
equity (£bn)
on
methodology dress gations and change ther assets relati
Spanish, Portugu
216 Non-Core b
Q216
£m
181
(363)
(162)
(344)
ns (26)
(370)
(368)
- (27)
(395)
(324)
(1,089)
229
(860)
(12)
(15)
(887)
£bn
at 68.5
262.8
253.4
milar 0.1
15.4 379.1
17.4 46.7
7.9 7.8 14
(5.2p)
£m
- -
-
ing -
uese -
basic loss per sha
23
Q116
£m
196 (402)
(36) (242)
(29) (271) (489)
- (66)
(555) 11
(815) 237
(578) (10) (15)
(603)
£bn
55.4
249.7 239.1
0.7
23.4 365.4
19.3 50.9
9.0 8.5 21
(3.6p)
£m
- -
-
-
-
are was 5.2p (Q
Q415 Q3
£m
229 3(195) ((102) (
(68) 2(32) (
(100) 1(555) (4
(88) (89) (2
(732) (7(268) (1
(1,100) (7(72) 1
(1,172) (5(19) ((17) (
(1,208) (6
£bn £
51.8 5
213.7 243202.1 235
3.1 8
21.4 22325.8 374
20.9 2554.3 65
9.7 108.5 1025
(7.2p) (3.
£m
- (58)
- (2
(96)
(246) (2
215: 1.7p).
315 Q215
£m £m
314 292 87) - 12) (49)
215 243 41) (20) 74 223 58) (496)
- - 79) (108) 37) (604) 95) (54) 58) (435) 66 150 92) (285) 21) (21) 15) (18) 28) (324)
£bn £bn
7.1 60.4
3.3 223.9 5.0 216.7
8.5 16.7
2.8 22.1 4.5 366.2 5.8 27.9 5.6 68.6
0.2 11.3 0.2 10.1 27 13 7p) (1.9p)
£m £m
- - - (50)
01) -
- -
01) -
Q115
£m
304 (68) (1(14) 222 (41) 181
(449) -
(24) (473)
(18) (310) (1
86 (224) (1
(20) (14)
(258) (1
£bn
73.1
305.6 2299.6 2
43.7
25.0 497.0 5
29.9 77.9
12.4 11.7
17 (1.5p) (
£m
- (15)
-
-
(21)
Q414 Q314
£m £m
361 379 1,021) 275
(35) (35)(695) 619
(13) (42)(708) 577 (618) (654)(102) -
(85) (100)(805) (754)
(90) (657),603) (834)306 57
,297) (777)(33) (25)(17) (17)
,347) (819)
£bn £bn
70.7 72.4
288.9 252.6 280.6 243.2
50.7 75.3
25.5 27.3 502.4 497.8
30.8 32.2 89.1 94.1
14.3 14.7 13.1 14.1
10 27 (8.2p) (5.0p)
£m £m
(935) - (1) (18)
- -
- -
(82) (679)
4
m
) ) ) ) ) ) ) ) ) ) )
n
)
m
)
)
Quarterly
Barclays PLC
Barclays UIncome statTotal income Credit impairmNet operating Operating expeUK bank levy Litigation and cTotal operatingOther net (expeProfit/(loss) bAttributable pr
Balance sheLoans and advacost Total assets Customer depoRisk weighted a
PerformancReturn on averAverage allocatCost: income raLoan loss rate (
Notable itemGain on disposLimited Provisions for UGain on valuatiretirement ben Excluding nota
Analysis oAnalysis of totPersonal BankiBarclaycard CoWealth, EntrepTotal income Analysis of creprovisions
Personal BankiBarclaycard CoWealth, EntrepTotal credit improvisions Analysis of loaamortised costPersonal BankiBarclaycard CoWealth, EntrepTotal loans andamortised cost Analysis of cusPersonal BankiBarclaycard CoWealth, EntrepTotal custome
Core Resu
C – 2016 Interim
UK
tement infor
ment charges andincome enses
conduct g expenses enses)/income efore tax ofit/(loss)
eet informatiances to custom
osits assets
ce measures
rage tangible equted tangible equatio (bps)
ms
sal of Barclays’ s
UK customer redion of a componefit liability
able items, the Q
of Barclaystal income
ng onsumer UK reneurs & Busin
edit impairment
ng
onsumer UK reneurs & Busin
mpairment charg
ans and advancet
ng onsumer UK reneurs & Busind advances to ct
stomer depositsng
onsumer UK reneurs & Businr deposits
ults by Bus
m Results
rmation
d other provision
ion
mers at amortise
uity
uity (£bn)
hare of Visa Eur
dress nent of the defin
Q216 Barclays UK
s UK
ness Banking
t charges and ot
ness Banking ges and other
es to customers
ness Banking customers at
s
ness Banking
siness
Q216
£m1,943
ns (220)1,723 (947)
- (399)
(1,346)(1)
376 141
£bn
ed 166.0
204.6 181.7
67.1
6.6%9.0
69%52
£mrope
151
(400)ned
-
K return on aver
£m1,068
463 412
1,943
ther
(44)(169)
(7)
(220)
s at £bn
134.7 16.2 15.1
166.0
134.8 -
46.9 181.7
24
Q116 £m 1,803 (146) 1,657 (952) - (1) (953) - 704 467
£bn
166.2
201.7 179.1 69.7
20.5% 9.3 53% 34
£m
-
-
-
rage tangible equ
£m 919 491 393 1,803
(42) (105) 1
(146)
£bn 134.7 16.0 15.5
166.2
132.9 - 46.2 179.1
Q415 Q
£m1,834 1,8(219) (1
1,615 1,7(920) (9
(77)(1,466)(2,463) (1,0
1 (847) 7
(1,078) 5
£bn
166.1 16
202.5 20176.8 17
69.5 7
(46.5%) 239.2
134% 551
£m
-
(1,391)
-
uity was 18.4%
£m945 505 384
1,834 1,8
(39)(176) (1
(4)
(219) (1
£bn134.0 13
16.2 115.9 1
166.1 16
131.0 12-
45.8 4176.8 17
Q315 Q215
£m £m 874 1,804 154) (166) 720 1,638 925) (970)
- - (76) (801)
001) (1,771) 1 1
720 (132) 541 (174)
£bn £bn
66.7 166.1
04.1 202.2 73.4 171.6 71.0 71.7
3.3% (7.3%) 9.3 9.4
53% 98% 36 40
£m £m
- -
(73) (800)
- -
(Q215: 19.9%).
£m £m 938 905 552 503 384 396 874 1,804
(36) (50) 111) (106)
(7) (10)
154) (166)
£bn £bn 34.5 134.4 15.9 15.8 16.3 15.9
66.7 166.1
28.4 126.7 - -
45.0 44.9 73.4 171.6
Q115
£m 1,831 (167)
1,664 1(649) (1
- (168) (817) (1
(3) 844 664
£bn
166.0
199.6 168.7
72.3
28.3% 9.4
45% 40
£m
-
(167)
296
£m 927 505 399
1,831
(69) (95)
(3)
(167)
£bn 134.3
15.7 16.0
166.0
123.4 -
45.3 168.7
Q414 Q314
£m £m1,882 1,898 (264) (217)
1,618 1,681 1,041) (1,048)
(59) - (211) (32)
1,311) (1,080)(3) (1)
304 600 208 442
£bn £bn
165.3 164.3
198.0 190.9 168.3 165.9
69.3 71.3
9.3% 19.4%9.2 9.2
70% 57%62 51
£m £m
- -
(199) (24)
- -
£m £m955 968 518 530 409 400
1,882 1,898
(57) (57)(185) (139)
(22) (21)
(264) (217)
£bn £bn133.8 133.3
15.8 15.5 15.7 15.5
165.3 164.3
124.5 122.2 - -
43.8 43.7 168.3 165.9
4
m ) ) ) ) )
n
%
%
m
)
m
) ) )
)
n
Quarterly
Barclays PLC
Barclays C
Income statTotal income Credit impairmNet operating Operating expeUK bank levy Litigation and cTotal operatingOther net incomProfit/(loss) bAttributable pr
Balance sheLoans and advaamortised costTrading portfoDerivative finanDerivative finanReverse repurcsecured lendingFinancial assetTotal assets Customer depoRisk weighted a
PerformancReturn on averAverage allocatCost: income raLoan loss rate (
Notable itemGain on disposLimited Gains on US LeProvisions for UProvisions for oincluding ForeiGain on valuatiretirement ben Excluding nota
Core Resu
C – 2016 Interim
Corporate
tement infor
ment charges andincome enses
conduct g expenses me efore tax ofit/(loss)
eet informatiances to banks at lio assets ncial instrumentncial instrumentchase agreementg s designated at
osits assets
ce measures
rage tangible equted tangible equatio (bps)
ms
sal of Barclays’ s
ehman acquisitioUK customer redongoing investiggn Exchange ion of a componefit liability
able items, the Q
ults by Bus
m Results
& Internat
rmation
d other provision
ion
and customers a
t assets t liabilities ts and other sim
fair value
uity
uity (£bn)
hare of Visa Eur
on assets dress gations and litiga
nent of the defin
Q216 Barclays Co
siness
tional
Q2£
4,03ns (24
3,79(2,07
(1(2,08
11,721,17
£at
230
68181187
milar 19
68679226209
19.22452
4
£
rope 46
ation
ned
orporate & Intern
25
16 Q116 £m £m 39 3,513 40) (269) 99 3,244 74) (2,221)
- - 10) (4) 84) (2,225) 11 8 26 1,027 71 575
£bn £bn
0.6 215.9
8.1 64.3 .4 150.1
7.5 155.4
9.7 19.1
8.3 59.6 9.9 618.4 6.5 213.1 9.3 202.2
2% 9.5% 4.8 25.1 2% 63% 41 50
£m £m
64 -
- - - -
- -
- -
national return o
Q415 Q£m
2,968 3(303) (
2,665 2(2,007) (2
(253)(151) (
(2,411) (2,8
262 (24)
£bn
184.1 2
61.9 111.5 1119.0 1
24.7
46.8 532.2 5185.6 2194.8 2
(0.2%)24.9 81%
65
£m
-
- - (
(145)
-
on average tang
Q315 Q215 £m £m
3,223 4,102 (235) (206)
2,988 3,896 ,059) (2,027)
- - (302) (12) ,361) (2,039)
9 13 636 1,870 422 1,376
£bn £bn
220.3 210.5
72.8 75.3 33.7 116.0 42.0 124.8
68.0 57.4
5.6 5.6 596.1 566.1 207.0 197.7 204.0 195.4
7.0% 22.5% 24.7 24.7 73% 50%
42 38
£m £m
- -
- 496 (218) -
(39) -
- -
gible equity was
Q115 £m
3,454 (178)
3,276 2(1,936) (2
- (845)
(2,781) (315
510 (16)
£bn
224.7 92.7
172.8 182.3
57.1 5.2
656.2 206.2 202.6
(0.1%) (125.3 81%
32
£m
- - -
(800)
133
11.9% (Q215: 1
Q414 Q314£m £m
2,945 3,370 (217) (176)
2,728 3,194 2,014) (1,943)(248) - (786) (470)
3,048) (2,413)7 9
(313) 790 (673) 449
£bn £bn
193.6 206.5
87.3 91.5 149.6 128.7 157.3 134.6
62.9 81.5
5.7 10.9 596.5 608.5 188.2 205.0 201.7 205.9
0.4%) 7.4%25.6 24.6
103% 72%44 34
£m £m
- -
- 461 - 32
(750) (500)
- -
13.9%).
4 m
) ) ) )
n
%
%
m
)
Quarterly
Barclays PLC
Analysis o
Corporate Income statAnalysis of totCredit
Equities Macro Markets Banking fees Corporate lendTransactional bBanking Other Total income Credit impairmprovisions Total operatingProfit/(loss) b
Balance sheRisk weighted a
PerformancReturn on averAverage allocat Excluding nota ConsumerIncome statTotal income Credit impairmTotal operatingProfit before ta
Balance sheLoans and advaamortised costCustomer depoRisk weighted a
PerformancReturn on averAverage allocat
Excluding nota
Core Resu
C – 2016 Interim
of Barclays
and Investmtement infortal income
ding banking
ment (charges)/
g expenses efore tax
eet informatiassets
ce measures
rage tangible equted tangible equ
able items the Q2
, Cards andtement infor
ment charges andg expenses ax
eet informatiances to banks at osits assets
ce measures
rage tangible equted tangible equ
able items the Q2
ults by Bus
m Results
s Corporate
ment Bank
rmation
releases and oth
ion
uity
uity (£bn)
216 CIB return o
d Payments
rmation
d other provision
ion
and customers a
uity
uity (£bn)
216 Consumer,
siness
e & Interna
Q216
£m
269406612
1,287622312390
1,324-
2,611her
(37)
(1,665)909
£bn178.4
9.5%21.3
on average tang
£m1,428
ns (203)(419)817
£bn
at 35.4
46.930.9
77.9%3.5
Cards and Paym
26
ational
6 Q116 m £m
322 513 573 1,408 481 296 408 1,185 3 2,596
) (95)
) (1,800) 701
n £bn 172.6
% 7.3% 21.6
ible equity was 9
m £m 8 917 ) (174) ) (425) 326
n £bn
4 32.9
44.2 29.6
% 23.4% 3.4
ments return on
Q415 Q
£m
195 319 4382 4896 1,0458 5312 3415 4
1,185 1,216
2,097 2,3
(83)
(1,962) (1,952 3
£bn167.3 17
(2.5%) 421.8 2
9.5% (Q215: 12
£m871 8
(219) (1(449) (4210 2
£bn
32.1 3
41.8 327.5 2
15.3% 243.2
average tangible
Q315 Q215
£m £m
191 218 416 588 487 582 094 1,388 501 580 377 387 419 416 297 1,383 (17) 495 374 3,266
(75) (42)
940) (1,605) 358 1,620
£bn £bn 77.4 170.0
4.5% 22.3% 21.7 21.7
.6%).
£m £m 849 836 160) (165) 421) (434) 278 250
£bn £bn
30.6 29.6
39.8 38.4 26.6 25.4
4.7% 23.4% 3.1 3.0
e equity was 26
Q115 £m
220 589 657
1,466 548 285 413
1,246 11
2,713 2
1 (2,422) (2
292
£bn 177.1
(2.5%) (122.3
£m 741
(179) (359) 218
£bn
29.8 40.1 25.5
17.5% 3.0
.3% (Q215: 23.4
Q414 Q314
£m £m
117 189 418 370 436 472 971 1,031 529 420 334 334 404 420
1,267 1,174 (4) 460
2,234 2,665
(26) (24)
2,614) (2,036)(408) 606
£bn £bn175.2 180.5
2.8%) 6.1%22.5 21.6
£m £m711 705
(190) (153)(434) (377)
93 185
£bn £bn
29.7 28.4
37.9 37.1 26.6 25.4
6.6% 17.3%3.1 3.0
4%).
4
m
)
)
n
%
m ) )
n
%
Quarterly
Barclays PLC
Head OffiIncome statTotal income Credit impairmprovisions Net operating Operating expeUK bank levy Litigation and cTotal operatingOther net (expeProfit/(loss) bAttributable (lo
Balance sheTotal assets1 Risk weighted a
PerformancAverage allocat
Notable itemOwn credit Provisions for oincluding ForeiLosses on sale and Italian bus 1 Includes Afric
Core Resu
C – 2016 Interim
ce
tement infor
ment (charges)/r
income/(expenenses
conduct g expenses enses)/income efore tax
oss)/profit
eet informati
assets1
ce measures
ted tangible equ
ms
ongoing investiggn Exchange relating to the Sinesses
ca Banking assets
ults by Bus
m Results
rmation
releases and oth
nses)
ion
uity (£bn)1
gations and litiga
Spanish, Portugu
held for sale and r
siness
Q21
£m334
er (2
332(36
(11(47(28257182
£b87.743.2
6.6
£m
292ation
uese
risk weighted asse
27
6 Q116 m £m 4 (33)
2) 1
2 (32) 6) (85) - -
1) (7) 7) (92) 8) 1 7 (123) 2 (92)
n £bn 7 63.4 2 40.3
6 5.0
m £m 2 (109)
- -
- -
ets.
Q415 Q
£m(285)
-
(285) 1(64) (1
(8)(17)(89) (1(14)
(388)(140)
£bn59.4 639.7 4
3.9
£m
(175)
(23)
(15)
Q315 Q215
£m £m 169 312
1 (1)
170 311 110) (64)
- - (42) (6)
152) (70) 2 1
20 242 (1) 180
£bn £bn 61.8 62.2 41.3 41.0
3.4 1.8
£m £m
195 282
(29) -
- -
Q115 £m
142
- 142 (34)
- (1)
(35) (95) 12
(28)
£bn 63.6 43.1
0.9
£m 128
-
(97)
Q414 Q314
£m £m(36) 100
- -
(36) 100 (21) (10)
(9) - (7) (4)
(37) (14)3 314
(70) 400 47 226
£bn £bn61.0 68.5 41.8 41.6
(0.8) (1.8)
£m £m
(62) 44
- -
- 315
4
m
) ) )
n
)
m
Quarterly
Barclays PLC
Africa BanIncome statTotal income nCredit impairmNet operating Operating expeUK bank levy Litigation and cTotal operatingOther net incomProfit before taProfit after tax Attributable pr
Balance sheTotal assets Risk weighted a
Africa Ban
C – 2016 Interim
nking
tement infornet of insurance
ment charges andincome enses
conduct g expenses me ax ofit
eet informati
assets
nking - Dis
m Results
rmation claims d other provision
ion
scontinued
Q216
£m879
ns (133746
(543--
(543)1
204145
70
£bn56.036.1
d Operation
28
6 Q116 m £m 9 818 ) (111)
6 707 ) (477)
- - - - ) (477) 1
4 231 5 166 0 86
n £bn 0 52.7
33.9
n Results
Q415 Q
£m814 8(93)721 7
(501) (5(50)
- (551) (5
3 173 2101
25
£bn47.9 531.7 3
Q315 Q215
£m £m 822 870 (66) (103) 756 767 515) (536)
- - - -
515) (536) 1 1
242 232 168 161
85 88
£bn £bn 50.2 52.2 33.8 34.4
Q115 £m
908 (91) 817
(539) - -
(539) 2
280 196 104
£bn 55.9 37.3
Q414 Q314
£m £m925 895 (79) (74)846 821
(585) (557)(44) -
(1) (1)(630) (558)
2 1 218 264 167 171
85 82
£bn £bn53.7 52.9 36.7 36.2
4
m ) ) ) )
n
Performa
Barclays PLC
Margins a
Barclays UK Barclays CorpoTotal Barclays Corporate & InOther2
Total net intere 1 Excludes Inv2 Other includ
Total Barc
An incIntern
Net inUS. Bamargi£0.7b
Net interethe Groupto appropfunding a
Quarterly anal
Barclays UK Barclays Corpo
Total Barclays
Barclays UK Barclays Corpo
Total Barclays
Barclays UK Barclays Corpo
Total Barclays
Barclays UK Barclays Corpo
Total Barclays
1 Excludes Inv
nce Manag
C – 2016 Interim
and balanc
orate & Internatio UK and Barclay
nternational
est income
vestment Banking rdes Investment Ban
clays UK and B
crease in avernational.
nterest marginarclays UK remns. Group NII n).
est margin by bp of alternativepriately give crat a rate that is
ysis for Barclay
orate & Internatio
UK and Barclay
orate & Internatio
UK and Barclay
orate & Internatio
UK and Barclay
orate & Internatio
UK and Barclay
vestment Banking
gement
m Results
ces
onal1 ys
related balances. nking related balan
Barclays Corpo
rage customer
increased 10bmained stable w
was flat at £5
business reflece funding in wedit to busines driven by prev
ys UK and Barcla
onal1
ys Corporate & I
onal1
ys Corporate & I
onal1
ys Corporate & I
onal1
ys Corporate & I
related balances.
Half yea
Net interest income
£m
2,977
1,974
4,951
267
5,218
nces, Head Office a
orate & Interna
r assets to £2
bps to 3.98% with higher m
5.2bn (2015: £
cts movementwholesale mark
sses with net svailing market
ays Corporate &
International
International
International
International
29
ar ended 30.06.Average
customer assets
£m
166,944 83,402
250,346
and Barclays Non-
ational NII incre
50.3bn (2015
primarily driveargins on Pers5.2bn) includi
ts in the Groupkets. The internsurplus liquiditt rates and incl
& International
16
Net interest margin
%
3.59 4.76 3.98
-Core.
eased 4% to £
: £248.3bn) d
en by growth sonal Banking ng net structu
p’s internal funnal funding ratty and to charludes a term p
Net intin
1 1 2
1
2
1
2
1
2
Half y
Net interest income
£m
2,965 1,811 4,776
414 5,190
£4,951m due to
driven by grow
in interest ear deposits, partural hedge con
nding rates whte prices intra-ge those busin
premium
Three months terest come
Average
£m
1,476
1,000
2,476
Three months
1,501
974
2,475
Three months
1,509
965
2,474
Three months
1,499
947
2,446
year ended 30.0
Average
customer assets
£m
167,527 80,778
248,305
o:
wth in Barclays
rning lending tially offset by ntributions of £
hich are based -group fundingnesses in need
ended 30.06.16 customer
assets £m
166,691 84,628
251,319
ended 31.03.16
166,727 85,010
251,737
ended 31.12.15
167,405 83,342
250,747
ended 30.09.15
167,936 81,311
249,247
06.15
Net interest margin
%
3.57 4.52 3.88
s Corporate &
in Barclaycard lower lending£0.7bn (2015:
on the cost tog and liquidity
d of alternative
6
Net interest margin
%
3.56 4.75 3.96
6
3.62 4.61 3.95
5
3.58 4.59
3.91
5
3.54 4.62
3.89
&
d g :
o y e
Risk Mana
Barclays PLC
Risk mana
Barclays’ riskcreates clearunderstood aand the operand material grouped intoon these rhome.barclayRisks, risk mfinancial year The UK held resulted in a relationship winterim, therethe other ecoconsidered bBarclays inclu Market R
PoteaffeBarcUK P
Credit Ri
Incrlikeland
Operatio
Chabordjuris
The in fo
Unctalencitiz
Funding
Potethe
The followingand Market R
agement
C – 2016 Interim
agement a
k managemenr ownership aand managed irating effective enough to m five Principal risks and hoys/annualrepo
management or.
a referendum vote in favouwith the EU is ue is a risk of uonomies in w
by the Board dude:
Risk ential for contict the value ofclays for liquidPension IAS19
sk reased risk of ay negatively im Commercial R
onal Risk anges to currender market accsdictions in wh legal framewo
orce, which arecertainty over tnt pool, decisio
zens located in
Risk ential for credicost of and/or
g section givesRisk for the per
m Results
and princip
nt responsibilitand accountain accordance eness of contrerit establishin Risks: Credit Row they ar
ort. Aside fromor principal un
m on 23 June 2r of leaving thunclear and thncertainty for
which we operaduring the firs
inued market vf Trading Book
dity purposes. 9 liabilities
a UK recessionmpact a numbReal Estate exp
nt EU “Passporcess rights whhich Barclays cork within whie based on EU the UK’s futureons on hiring f the UK and U
t spread widenr access to fun
s an overview riod.
pal risks
ties are laid oability, with th with agreed rrols. It includeng specific baRisk; Market R
re managed m the risks setncertainties du
2016 on whethhe EU. The rehere is uncerta both the UK aate. The potest half of 201
volatility (notak positions, Int Changes in th
with lower grer of Barclays’
posures
rting” rights: tich would req
continues to opich Barclays op legislation ane approach to from the EU ofK citizens loca
ning and reducnding
of the perform
30
out in the Enthe purpose thisk appetite, aes those risks nk-wide contr
Risk; Funding Ris available
t out below thuring the peri
her it should rsult of the ref
ainty as to the and the EU, whntial risks ass6 and relevan
ably FX and intterest Rate Riskhe long-term o
rowth, higher u’ portfolios, no
the UK’s withduire Barclays tperate perates could cd regulation EU freedom off critical roles a
ated in the EU
ced investor a
mance in Fund
terprise Risk Mhat the Ground that there i incurred by Brol frameworkRisk; Operatio from the here has beeniod or expecte
remain a memferendum meanature and timhich could adv
sociated with nt actions take
terest rates) gik in the Bankinutlook for UK
unemploymenotably: higher L
drawal from thto make altern
change as the
f movement wand rights to w
ppetite for ban
ding Risk – Liq
Management p’s most signis regular repo
Barclays that aks. These are knal Risk; and C
2015 Annun no other siged for the rem
mber of the Euans that the loming of any agversely affect tan exit from ten where app
ven political ung Book, as weinterest rates m
nt and falling ULoan-to-Value
e EU may resuative licensing
UK takes step
will impact Barcwork of curren
nk paper, whic
quidity, Fundin
Framework (Enificant risk eorting of both rare foreseeableknown as Key Conduct Risk.
ual Report ognificant chanmaining six m
uropean Unionong-term natugreement withthe economy the EU have b
propriate. Pote
ncertainty whell as securitiesmight also adv
UK house price mortgages, U
ult in the loss og arrangement
ps to replace la
clays' access tont Barclays non
ch could negat
ng Risk – Capit
ERMF), whichexposures arerisk exposurese, continuous, Risks and are Further detailor online atge to the Key
months of the
n (“EU”). Thisure of the UK's the EU. In theof the UK andbeen carefullyential risks for
ich could s held by versely affect
s. This would UK unsecured
of cross-s in EU
aws currently
o the EU n-UK EU
tively impact
tal, Credit Risk
h e s ,
e l t y e
s s e d y r
k
Funding R
Barclays PLC
Funding &
Whilst Barclaseparately at section excluFor both inter
Liquidity st Compliance
Eligible liquidityNet stress outf
Surplus
Liquidity pool
Liquidity pool
1 Of the threecompares to
2 Includes Bar
Barclays manregulatory meassets signific
The LRA buff
Barclays estimby the BCBS i
Risk - Liqui
C – 2016 Interim
& liquidity
ays has a co Barclays Africde BAGL with rnal and regula
tress testing
e with intern
y buffer
flows
as a percentage
as a percentage
e stress scenarios mo 122% (2015: 144rclays Africa discon
nages the Groetrics, such ascantly in exces
fer duration as
mated its Net Sn October 201
idity
m Results
mprehensive ca Group Limit the exceptionatory stress te
g
al and regula
e of anticipated
e of anticipated
monitored as part4%) under the 90 dntinued operations
oup’s liquidity s Interim CRDIVss of 100% of
of 30 June 20
Stable Funding14.
framework foted (BAGL) du of the liquidit
ests, BAGL is in
atory stress t
net outflows as
net outflows as
t of the LRA, the 3day market-wide ss.
position againV Liquidity Conet stress outf
16 was observ
g Ratio (NSFR)
31
or managing ue to local currty stress testinncluded within
tests
s at 30 June 201
s at 31 Decemb
30 day Barclays spscenario and 126%
nst the Groupoverage Ratio (flows for both
ved at 71 days
) at 106% (201
the Group’s rency and fung table below, the Group
16
ber 2015
pecific scenario re% (2015: 133%) un
p’s internally d(LCR). As at 30 the 30 day Ba
s.
15: 106%) bas
liquidity risksding requirem which is repo
Barclaysday
requir
sults in the lowesnder the 30 day co
defined Liquidi0 June 2016, tharclays-specific
sed on the fina
, liquidity riskments. All discorted on a stan
s' LRA (30 y Barclays
specific rement)1,2
£bn
154.4 139.5
14.9
111%
131%
t ratio at 111% (2ombined scenario.
ity Risk Appethe Group heldc LRA and the
al NSFR guideli
k is managedlosures in this
nd-alone basis.
Interim CRDIVLCR2
£bn
151.0 121.7
29.3
124%
133%
2015: 131%). This
tite (LRA) andd eligible liquid LCR.
ines published
d s .
V
n
%
%
s
d d
d
Funding R
Barclays PLC
Compositio
As at 30.06.16Cash and depo Government bAAA rated
AA+ to AA- ratOther governm
Total governm Other
Supranational bAgencies and aCovered bondsOther
Total other
Total as at 30 J
Total as at 31 D
1 Of which oveBank.
Barclays mansupport paymBarclays Bankpredominantagainst entity Deposit fu
Funding of loa
Barclays UK Barclays CorpoNon-Core1
Total funding International a Investment Ban
Total
1 Excludes Inv
Barclays UK a
The loan to d
Risk - Liqui
C – 2016 Interim
on of the G
6
osits with centra
onds
ed ment bonds
ment bonds
bonds and multagency mortgags (rated AA- and
June 2016
December 2015
er 97% (2015: ove
nages the liquidment or clearink PLC and wasly within Barcl
y-specific stres
nding
ans and advance
orate & Internatio
Barclays UK, Baand Non-Core1
nk, Core and No
vestment Banking r
and Barclays C
deposit ratio fo
idity
m Results
roup liquid
al banks1
tilateral developmge-backed securd above)
5
er 97%) was place
dity pool on a ng requirements available to mays Capital Inc
ssed outflows
es to customers
onal1
arclays Corporat
on-Core
related balances.
orporate & Int
or the Group w
ity pool
ment banks
ities
ed with the Bank o
centralised bats. As at 30 Jun
meet liquidity nc. The portion and regulatory
s
te &
ternational (ex
was 97% (2015
32
Liquip
30.06
1 1
of England, US Fed
asis. The liquidne 2016, 92% needs across t of the liquidityy requirements
Loans anadvances t
customer£b
166 95 20
28
144
425
xcluding Invest
5: 95%).
idity pool 6.16
Liquidity
Ca£bn £
77
36
8
2
46
12
7 3
4
26
149 7
145 4
deral Reserve, Euro
ity pool is held (2015: 94%) ohe Barclays Gry pool outside s.
As at 30.06
nd to rs
Custdep
bn
6
5
0
1
4
5
tment Bank) a
y pool of which LCR-eligibl
ash Level £bn £b
74
- 3 - -
- 4
- - - -
- 1
74 64
45 8
opean Central Bank
d unencumberof the liquidityroup. The resid of Barclays Ba
6.16
omer posits
Loan to
£bn
182 146
2
330
109
439
re largely fund
Interim CRDIV le
1 Level 2Abn £bn
- -
6 -8 -2 -
6 -
9 37 -2 1 - -
8 4
4 4
7 8
k, Bank of Japan a
red and is not uy pool was locadual liquidity pank PLC is held
As
o deposit ratio
L
%
85%
97%
ded by custom
Liquidity pool
31.12.15
A
n £bn
48
63 11 1
75
7 8 4 3
22
and Swiss National
used to ated in pool is held d primarily
s at 31.12.15
Loan to deposit ratio
%
86%
95%
er deposits.
l
Funding R
Barclays PLC
Wholesale Funding of Assets Trading portfo
Reverse repurc
Reverse repurc
Derivative finan
Liquidity pool 1
Other unencum
Trading extremelless liqui
The maj(2015: 5reverse r
Derivativqualify foreceived
The Grouand othe
1 The portion 2 Predominan3 Extremely liq
and other les
Risk - Liqui
C – 2016 Interim
funding other assets
lio assets
chase agreement
chase agreement
ncial instrument
mbered assets 2
portfolio assly liquid fixed id assets was 9
ority of revers55%) of matchrepurchase agr
ve assets and lor counterpart and paid
up liquidity poer assets are la
of the liquidity poontly available for saquid fixed income iss liquid collateral
idity
m Results
as at 30 Jun
ts
ts
ts
ets are largelincome assets94 days (2015
se repurchasehed book activreements are u
iabilities are laty netting and
ol is primarily argely matched
ol estimated to be ale investments, trais defined as very l.
ne 2016
ly funded by s3. The weighte: 77 days)
e agreements vity was securused to settle t
argely matched the remaining
funded by whd by term who
funded by wholesading portfolio asshighly rated sover
33
£bn Liabil
39 Repu
60
33 Tradi
445 Deriv
96 Less t
121 Great
repurchase aed average ma
are matched red against extrading portfo
d. A substantiag portions are l
olesale debt wolesale debt an
sale funds. sets, financial assereigns and agencie
lities
rchase agreeme
ng portfolio liab
vative financial in
than 1 year who
ter than 1 year w
agreements waturity of these
by repurchasextremely liquidlio liabilities
al proportion olargely offset o
with the remaind equity
ts designated at faes, typically rated A
ents
bilities
nstruments
olesale debt
wholesale debt a
with 54% (20e repurchase a
e agreementsd fixed income
of balance sheeonce netted ag
nder being fun
air value and loansAA+ or better. It ex
and equity
015: 57%) secagreements se
. As at 30 June assets3. The
et derivative pogainst cash col
nded by custom
s and advances to excludes liquid fixe
£bn
100
33
442
70
150
cured againstecured against
ne 2016, 41% remainder of
ositions llateral
mer deposits
banks. d income, equities
t t
% f
s
Funding R
Barclays PLC
Compositio
In preparatiounsecured fu
Maturity pro
Barclays PLC
Senior unsecurSenior unsecurSubordinated l
Barclays Bank Deposits from Certificates of dAsset backed cSenior unsecurSenior unsecurCovered bondsAsset backed sSubordinated lOther3
Total as at 30 J
Of which secuOf which unse
Total as at 31 D
Of which secuOf which unse 1 The compos
and Subordiof England’s
2 Includes stru3 Primarily com
Outstanding notes are issrequirement,
Term financ
The Group is£4.2bn and £back or callin
Risk - Liqui
C – 2016 Interim
on of whole
on for a Singlending out of B
ofile
red (public bencred (privately plaiabilities
PLC
banks
deposit and comcommercial papered (public bencred (privately plas
securities
iabilities
June 2016
red
ecured
December 2015
red
ecured
sition of wholesaleinated Liabilities, es Funding for Lendiuctured notes of £2mprised of fair valu
wholesale funsued through the liquidity p
cing
ssued £5.7bn o£0.6bn in publig £6.1bn of pu
idity
m Results
esale fundin
e Point of EntBarclays PLC, t
chmark)
aced)
mmercial paper
er
chmark)
aced)2
5
e funds comprises excluding cash colling Scheme. 29bn, £9bn of whiue deposits £5bn a
nding includesa variety of d
pool exceeded
of senior unseic and private ublic operating
ng1
try resolution he holding com
<1 month
1-3months
£bn £bn
- -- -- -
18.2 1.31.0 4.94.0 3.1
- 1.51.1 1.7
- -- -- -
3.2 0.2
27.5 12.7
4.2 3.123.3 9.6
15.8 15.3
4.2 3.911.6 11.4
the balance sheetlateral and settlem
ich matures withinand secured financ
s £36bn (2015distribution chwholesale fun
ecured debt ansenior unsecug company sen
34
model, the Gmpany, replac
3 s
3-6 months
6-mont
n £bn £
- - -
1.5 1 4.6 4 0.1 - 3 3.0 4 - 3 0.3 1 - 0.3 0
9.8 20
0.6 4 9.2 15
8.6 13
1.6 0 7.0 13
t reported Depositment balances. It al
n one year. cing of physical go
5: £35bn) of phannels includnding maturing
nd capital tranured debt respenior debt and c
Group continueing maturing d
-12 ths
<1 year ye
£bn £bn
- - - - - -
1.4 22.4 4.9 15.4
- 7.2 3.8 5.3 4.9 10.7 3.2 3.2 1.5 1.8
- - 0.3 4.0
0.0 70.0 1
4.9 12.8 5.1 57.2 1
3.8 53.5 1
0.3 10.0 3.5 43.5 1
ts from Banks, Finlso does not includ
old £1bn.
privately placeding intermedig in less than o
nsactions fromectively, and £capital instrum
es to issue dedebt in Barclay
1-2 ears
2-3 years y
£bn £bn
0.8 0.1 - 0.1 - -
- - 0.9 0.6
- - 0.1 1.6 6.1 4.4 2.4 - 1.3 0.8 4.3 0.1 0.5 0.4
6.4 8.1
3.9 0.8 2.5 7.3
6.5 12.6
5.1 2.4 1.4 10.2
ancial liabilities atde collateral swaps
d senior unsearies and priv
one year by £7
m the holding c£0.9bn of suboments.
ebt capital anys Bank PLC.
3-4 years
4-5 years
£bn £bn
2.2 2.7 - 0.1 - 1.0
- 0.3 0.9 0.5
- - 2.0 0.7 3.4 2.2 1.8 1.0 1.1 -
- 6.0 0.3 0.3
11.7 14.8
3.0 1.0 8.7 13.8
13.7 8.3
2.8 0.5 10.9 7.8
t Fair Value, Debt s, including particip
cured notes invate banks. Al79bn (2015: £9
company in Hordinated debt
d term senior
>5 years Total
£bn £bn
5.3 11.1 0.5 0.7 1.9 2.9
0.3 23.0 0.4 18.7
- 7.2 1.7 11.4 8.9 35.7 3.7 12.1
- 5.0 9.3 19.7 0.7 6.2
32.7 153.7
3.7 25.2 29.0 128.5
37.3 141.9
4.5 25.3 32.8 116.6
Securities in Issueipation in the Bank
n issue. Theselthough not a91bn).
116, of whicht, while buying
r
l n
e k
e a
h g
Funding R
Barclays PLC
Credit ratinBarclays Bank Long-term
Short-term Standalone rat
Barclays PLC Long-term
Short-term
1 Refers to Sta
Following theand Moody’snegative, incl1 and Baa3/Pquarter end, SBBB/A-2 respBarclays have
Rating and Inwith stable ou
Barclays Af
Liquidity
In additioanticipat
BAGL loa
Risk - Liqui
C – 2016 Interim
ng as at 29 PLC
ing1
andard & Poor’s St
e EU referendu also separateuding for BarcP-3 respectiveS&P on 7 July 2pectively while remained un
nvestment Infoutlooks on 14
frica Group L
y risk is manag
on to the Grouted stressed ou
an to deposit r
idity
m Results
July 2016
tand-Alone Credit P
um on 23 Juneely revised theiclays. On 28 Juely, but change2016 took sime changing thchanged with
ormation (R&I July 2016.
Limited
ed separately
up liquidity pooutflows. The liq
ratio was 106%
Profile (SACP), Mo
e 2016, all threir view on the une 2016, Mooed the outlook
milar action by ahe long-term Fitch after the
I) affirmed Ba
at BAGL due t
ol, BAGL held £quidity pool co
% (2015: 102%
35
oody’s Baseline Cre
ee credit rating UK banking sody’s affirmedk on the long-taffirming Barcrating outloo
e UK referendu
rclays Bank PL
to local currenc
£7bn (2015: £onsists of Sout
%)
Standard &
A- (Ne
Standard &
BBB (Ne
edit Assessment (B
g agencies tooector, and cha Barclays Bankterm and depo
clays Bank PLCoks from stablum.
LC and Barcla
cy, funding an
£6bn) of liquidith African gov
& Poor's
gative) A2
A-2
bbb+
& Poor's
gative) Baa3 A-2
BCA) and Fitch’s V
k rating actionanged a numbk PLC and Barcosit ratings fro
C and Barclays le to negative
ys PLC’s ratin
nd regulatory r
ity pool assetsvernment bond
Moody's
(Negative) P-1
baa2
Moody's
(Negative) P-3
Viability Rating (VR
ns on the UK sber of UK bankclays PLC’s ratom stable to n PLC’s ratings ae. Ratings and
gs at A and A
equirements
against BAGLds and Treasur
Fitch
A (Stable) F1
a
Fitch
A (Stable) F1
R).
sovereign. S&Pks’ outlooks totings at A2/P-negative. Afterat A-/A-2 and
d outlooks for
A- respectively
L-specific ry bills
P o -r d r
y
Funding R
Barclays PLC
CRD IV ca
Barclays’ curreratio requiremConservation Pillar 2A requiwhich 56% wleast annual re
In addition, a Cexpects to maappropriate CCexposures to o
As at 30 June the minimum
Capital ratios
Fully loaded CET
PRA Transitiona
PRA Transitiona Capital resourc
Shareholders' e
Less: other equi
Adjustment to r Minority interes
Other regulator
Additional value
Goodwill and int
Deferred tax ass
Fair value reserv
Excess of expec
Gains or losses o
Defined-benefit
Direct and indire
Other regulatory
Fully loaded CE Additional Tier
Capital instrume
Qualifying AT1 c
Other regulatory
Transitional AT
PRA Transitiona Tier 2 (T2) capi
Capital instrume
Qualifying T2 ca
Other regulatory
PRA Transitiona 1 The transitio
transitional b2 The CRD IV C
transitional C3 The PRA tran4 As at 30 June
was £64,405the transitio
5 Of the £11.1premium accthat are subj
Risk - Capit
C – 2016 Interim
apital ent regulatory r
ment and, phaseBuffer (CCB) ofrement as per till need to be meview, and all c
Counter-Cyclicaintain a CCCB oCCBs that shouother jurisdictio
2016, Barclays 4.5% CET1 rat
T11,2
al Tier 13,4
al Total Capital3,4
es
equity (excluding
ty instruments (r
retained earnings
sts (amount allow
ry adjustments a
e adjustments (PV
tangible assets
sets that rely on f
ves related to gain
ted losses over im
on liabilities at fa
pension fund ass
ect holdings by a
y adjustments
ET1 capital
1 (AT1) capital
ents and related s
capital (including
y adjustments an
T1 capital5
al Tier 1 capital
ital
ents and related s
apital (including m
y adjustments an
al total regulator
onal regulatory adjbasis. CET1 ratio (FSA OCRD IV CET1 capitnsitional capital ise 2016, Barclays’ f5m and the fully lonal provisions set
1bn transitional ATcounts, £0.4bn quject to grandfathe
tal
m Results
requirement is ed in from 2016f 2.5% and a Gthe PRA’s Indiv
met in CET1 formcapital, RWA an
al Capital Buffeof 0% on UK exuld be applied tons; however b
s’ CET1 ratio watio requirement
g non-controlling
recognised as AT
s for foreseeable d
wed in consolidate
nd deductions:
VA)
future profitability
ns or losses on ca
mpairment
ir value resulting
sets
an institution of o
share premium a
g minority interes
nd deductions
share premium a
minority interests
nd deductions
ry capital
justments to CET1
ctober 2012 transtal and £366bn of based on the PRAfully loaded Tier 1
oaded total capital out in CRD IV and T1 capital, fully loaualifying minority in
ring.
to meet a fully 6, a Combined lobally Systemi
vidual Capital Gm, equating to
nd leverage calc
er (CCCB) is reqxposures until ao exposures in ased on curren
as 11.6% whict, 2.2% of Pillar
g interests) per th
T1 capital)
dividends
ed CET1)
y excluding temp
ash flow hedges
from own credit
wn CET1 instrum
ccounts
sts) issued by sub
ccounts
s) issued by subs
capital are no lon
sitional statement) RWAs. A Rulebook and ac capital was £47,94l ratio was 17.6%. assessing complia
aded AT1 capital usnterests and £0.1b
36
loaded CRD IVBuffer Requiremcally Important
Guidance (ICG) fapproximately
culations reflect
quired. On 5 Julat least June 20 their jurisdictio
nt exposures thi
h exceeds the 2 2A, a 0.625% C
he balance sheet
porary differences
t
ments
bsidiaries
idiaries
nger applicable res
as applicable to B
companying super46m, and the fully The fully loaded Tance of AT1 and Tsed for the leverag
bn capital deductio
V CET1 ratio comment currently t Institution (G-for 2016 based 2.2% of RWAst Barclays’ inter
y 2016 the Fina17. Other natio
on. During 2016is is not expect
2016 transitionCCB buffer, a 0
t
s
sulting in CET1 cap
Barclays’ Tier 2 Con
rvisory statementsy loaded Tier 1 ratioTier 1 capital and toT2 instruments agage ratio comprises ons. It excludes leg
mprising the re expected to co-SII) buffer of 2
d on a point in ts. The Pillar 2A rpretation of th
ancial Policy Coonal authorities6, CCCBs will stted to be mater
nal minimum re0.5% G-SII buffe
As at
30.06.16
11.6%
14.6%
18.7%
£m
62,854
(5,314)
(297)
1,501
(2,092)
(8,552)
(670)
(3,046)
(1,475)
(177)
(204)
(50)
(121)
42,357
5,314
5,885
(130)
11,069
53,426
2,890
12,366
(254)
68,428
pital on a fully load
ntingent Capital N
s. o was 13.1%. Fullyotal capital measuainst the relevant c the £5.3bn capita
gacy Tier 1 capital
quired 4.5% momprise of a Ca2%. In additiontime assessmen requirement is
he current rules
ommittee annos also determinetart to apply forrial.
equirement of 7er and a 0% CC
As at 31.03.16
11.3%
14.3%
18.2%
£m
62,166
(5,312)
(760)
1,046
(2,124)
(8,457)
(771)
(2,497)
(1,377)
56
(859)
(54)
(199)
40,858
5,312
5,816
(130)
10,998
51,856
1,855
12,741
(253)
66,199
ded basis being equ
Notes was 12.8% b
y loaded total reguures are calculatedcriteria in CRD IV. al instruments and instruments issue
inimum CET1 pital
n, Barclays’ nt is 3.9% of s subject to at .
ounced that it e the r Barclays’
7.8% includingCCB.
As at31.12.15
11.4%
14.7%
18.6%
£m
59,810
(5,305)
(631)
950
(1,602)
(8,234)
(855)
(1,231)
(1,365)
127
(689)
(57)
(177)
40,741
5,305
6,718
(130)
11,893
52,634
1,757
12,389
(253)
66,527
ual to that on a
ased on £47bn of
ulatory capital d without applying
related share ed by subsidiaries
g
t 5
%
%
%
m
)
)
)
)
)
)
)
)
)
)
)
)
f
Funding R
Barclays PLC
Movemen
Opening CET1 Profit for the peOwn credit Dividends paid
Increase in ret Net impact of sAvailable for saCurrency transOther reserves
Increase in oth Retirement benDefined-benefi
Net impact of p Minority intereAdditional valuGoodwill and inDeferred tax asExcess of expecDirect and indiOther regulato
Increase/(decr
Closing CET1 c
The CET1£42.4bn w
Significan
A £0.6divide
A £1.4the ap
A £0.6
A £0.5
A £0.3portfo
Risk - Capit
C – 2016 Interim
nt in CET1
capital
eriod attributab
and foreseen
ained regulator
share schemes
ale reserves lation reserves
her qualifying re
nefit reserves
it pension fund a
pensions
sts
ue adjustments (ntangible assetsssets that rely oncted loss over imrect holdings byry adjustments
rease) in regula
capital
ratio increasewhilst RWAs in
nt movements
6bn increase inends paid and f
4bn increase inppreciation of a
6bn increase in
5bn increase in
3bn increase inolio within US c
tal
m Results
capital
le to equity hold
ry capital gener
eserves
asset deduction
(PVA) s n future profitabmpairment y an institution o
atory capital due
ed in H116 to 1ncreased £8bn
in CET1 capita
n regulatory caforeseen
n other qualifyall major curre
n minority inte
n the PVA ded
n the goodwill consumer card
ders
ated from earni
bility excluding t
of own CET1 inst
e to adjustment
11.6% (Decemn to £366bn
al were:
apital generate
ying reserves inencies against
erest as a resul
uction largely
and intangibleds in Q116
37
ings
hose arising fro
truments
ts and deductio
mber 2015: 11.
ed from earnin
ncluding a £2.3 GBP
lt of the sale of
as a result of c
es deduction p
m temporary dif
ns
.4%) reflecting
ngs after absor
3bn increase i
f 12.2% of BAG
changes in me
partly due to th
T
fferences
g an increase in
rbing the impa
n the currency
GL’s issued sh
ethodology in
he acquisition
Three months
ended 30.06.16
£m
40,858
781
(233)
(199)
349
141
(247)
1,529
(600)
823
(805)
655
(150)
455
32
(95)
101
(98)
4
78
477
42,357
n CET1 capital
acts of own cre
y translation re
hare capital
Q116
of the JetBlue
Six months
ended 30.06.16
£m
40,741
1,318 (304) (403)
611
14 (310)
2,322 (628)
1,398
(759) 485
(274)
551 (490) (318)
185 (110)
7 56
(119)
42,357
l of £1.6bn to
edit and
eserve due to
credit card
Funding R
Barclays PLC
Risk weig
As at 30.06.16
Barclays UK Barclays CorpoHead Office1
Barclays Core Barclays Non-C
Barclays Group
As at 31.12.15
Barclays UK Barclays CorpoHead Office1
Barclays Core Barclays Non-C
Barclays Group
Movemen Risk weighted
As at 01.01.16
Book size
Acquisitions an
Book quality
Model updates
Methodology a
Foreign exchan
As at 30.06.16 1 Includes Afri2 Foreign exch
RWAs increas
Book sizeincreased
Acquisitithe Portu
Book qua
Model upPRA
MethodoFX collat
Foreign eagainst G
Risk - Capit
C – 2016 Interim
hted asset
6
orate & Internatio
Core
p
5
orate & Internatio
Core p
nt analysis
assets
6
nd disposals
s
and policy
nge2
6
ica Banking disconhange movement d
sed £7.9bn to
e: RWAs incread trading activ
ions and dispouguese busine
ality: RWAs inc
pdates: RWAs
ology and policteral on averag
exchange movGBP
tal
m Results
ts (RWAs)
Cr
S £ 5,79
onal 50,60 8,03 64,44 7,33 71,77
6,56onal 45,89
8,29 60,74 8,70 69,44
of risk we
ntinued operationsdoes not include FX
£366.3bn, driv
ased £5.7bn, pvity
osals: RWAs deess
creased £2.3b
decreased £5
cy: RWAs decrge CVA, and up
vements increa
by risk typ
redit risk C
td IRB £m £m
95 48,656 07 82,219 38 22,954
40 153,829 135 10,813
75 164,642 1
62 50,763 92 77,275 91 20,156
45 148,194 104 12,797
49 160,991 1
ighted ass
Credit risk
£bn
230.4
-
(2.9)
1.4
(3.8)
(0.5)
11.8
236.4
s. FX for modelled cou
ven by:
primarily driven
ecreased £2.9b
n, primarily dr
.9bn, primarily
reased £3.1bnpdates impact
ased RWAs by
38
pe and bus
Counterparty cr
Std IRB£m £m
10 -11,754 14,401
33 935
11,797 15,3361,911 9,797
13,708 25,133
26 -10,463 11,055
54 538
10,543 11,5931,653 9,430
12,196 21,023
sets Counterparty
unterparty risk or m
n by increases
bn, primarily d
riven by chang
y driven by mo
, primarily drivting credit conv
y £11.8bn, prim
iness
redit risk
B
Settle-ment
risk Cm £m
- 57 4,0 - 5
57 4,6 1 3,1
58 7,8
- 516 3,4 8 3
524 3,7 1 7,4
525 11,2
y credit risk £bn
33.7
6.8
-
0.3
(2.0)
0.1
-
38.9
modelled market r
s in the fair valu
driven by dispo
es in risk profi
odel changes in
ven by the effeversion factors
marily driven b
Market risk
CVA Std £m £m
83 - 078 9,923 9524 414 2
685 10,337 1163 782 4
848 11,119 15
- - 406 8,373 10382 399 1
788 8,772 12480 1,714 3
268 10,486 15
Market risk
£bn
37.6
(1.1)
-
0.6
(0.1)
(2.7)
-
34.3
risk.
ue of derivativ
osals in Non-Co
ile within Non-
n Barclays UK f
ect of collateras and standard
y the apprecia
Operat
IMA £m
- 129,008 272,279 8
,287 474,038 8
5,325 56
- 12
0,196 271,903 8
2,099 473,679 8
5,778 56
Operational risk
£bn
56.7
-
-
-
-
-
-
56.7
ves exposures a
ore, including
-Core
following appr
l modelling fodised general m
ation of ZAR, U
ional risk
TotalRWAs
£m £m
,574 67,118 ,257 209,304 ,003 43,180
,834 319,602 ,826 46,666
,660 366,268
,174 69,525 ,657 194,833 ,003 39,734
,834 304,092 ,826 54,284 ,660 358,376
Total RWAs£bn
358.4
5.7
(2.9)
2.3
(5.9)
(3.1)
11.8
366.3
as well as
the sale of
roval from the
r mismatched market risk
USD and EUR
l s
m
s n
)
)
)
e
Funding R
Barclays PLC
Leverage
Effective 1 JanGroup:
The levebelow. Tleverage the Base
The avercalculateon the avcomprisicounterc
At 30 June 20which exceedand a phased
Leverage expo
Accounting asDerivative finanCash collateral
Reverse repurcFinancial assetLoans and adva
Total IFRS asse
Regulatory con
Derivatives adjDerivatives netAdjustments toNet written crePotential Futur
Total derivativ
Securities fina
Regulatory dedWeighted off-b
Total leverage
Fully loaded CEFully loaded AT
Fully loaded Ti
Leverage ratio 1 Included wit
Risk - Capit
C – 2016 Interim
ratio and e
nuary 2016, Ba
rage ratio is coThe calculation exposure. Thl Consultation
rage leverage red as the capitverage of the ling of a 3% mcyclical leverag
016, Barclays’ lds the transitiod in G-SII ALRB
osure
ssets
ncial instrument
chase agreements designated at ances and other
ets
nsolidation adju
justments
tting
o cash collateraledit protection
re Exposure (PFE
ves adjustments
ncing transactio
ductions and otbalance sheet c
exposure
ET1 capital
T1 capital
ier 1 capital
thin financial asset
tal
m Results
exposures
arclays is requ
onsistent with n uses the endhe current expe
on the Levera
ratio as outlineal measure divast day of eacinimum requirge ratio buffer
leverage ratio onal minimum B. In addition,
ts
ts and other simfair value1
r assets
ustments
E) on derivatives
ons (SFTs) adju
ther adjustmentommitments
ts designated at fa
uired to disclos
the Decembed point CRR defected minimumage Framework
ed by the PRA vided by the exh month in the
rement, a fully (CCLB)
was 4.2% (De requirement fthis exceeds th
milar secured len
s
ustments
ts
air value are revers
39
se a leverage ra
r 2015 methodfinition of Tierm fully loaded k
Supervisory Stxposure measue quarter. The phased in G-S
ecember 2015:for Barclays ofhe expected e
nding
se repurchase agre
atio and an ave
d of calculatior 1 capital for t requirement i
tatement SS45ure, where thee expected endSII additional le
: 4.5%) in line f 3.175%, comnd point minim
eements designate
erage leverage
n and has beethe numerator s 3%, althoug
5/15 and the ue capital and exd point minimueverage ratio b
with the averaprising of the
mum requirem
As at
30.06.16
£bn
445
79
20
89
718
1,351
(10)
(402)
(64)
19
142
(305)
18
(16)
117
1,155
42.4
5.6
47.9
4.2%
ed at fair value of £
e ratio applicab
en included in t and the CRR dh this could be
updated PRA rxposure measum requiremebuffer (G-SII A
age leverage ra3% minimum
ment of 3.7%.
As at 31.03.16
£bn
401 70 20 85
673
1,249
(10)
(365) (56)
16 134
(271)
18
(16) 112
1,082
40.9 5.5
46.3
4.3%
£73bn (December
ble to the
the table definition of e impacted by
rulebook is ure is based nt is 3.7% LRB) and a
atio of 4.1%, requirement
As at31.12.15
£bn
328 62 28 77
625
1,120
(10)
(293)(46)15
129
(195)
16
(14)111
1,028
40.7 5.4
46.2
4.5%
2015: £50bn).
t 5
n
)
) )
)
)
%
Funding R
Barclays PLC
During H116,exposure of ££46.2bn):
Loans anincrease preparatgrowth oreflecting
Reverse
Net deriv£58bn pexchangagainst G
PFE on dpartially
Weightedcurrencie
The average lcapital held a Additional Baconfidentialit(EBA/GL/201
Risk - Capit
C – 2016 Interim
, the leverage £127bn to £1,1
nd advances an in cash and bation for the EU of £14bn withig the apprecia
repurchase ag
vative leveragerimarily due toe derivatives, r
GBP
derivatives incroffset by com
d off balance ses against GBP
leverage exposagainst the 0.1
arclays’ regulaty and on discl14/14) will be
tal
m Results
ratio decrease155bn partially
nd other assetalances at cen referendum, ain Barclays Co
ation of ZAR a
greements incr
e exposure, exco an increase inreflecting a de
reased by £13bpression activ
sheet commitmP
sure measure 75% transition
tory disclosureosure frequen disclosed on 1
ed to 4.2% (Dey offset by a £
ts increased byntral banks duea £26bn increarporate & Integainst GBP
reased £15bn t
cluding net wrn IFRS derivati
ecrease in the m
bn to £142bn ity, sale of pos
ments increase
for H116 was nal G-SII ALRB
es prepared in cy under Artic11 August 201
40
ecember 2015:1.8bn increase
y £93bn to £71e to an increasase in settlemernational and a
to £93bn, refle
ritten credit prives driven by major forward
primarily drivesitions and ma
ed by £6bn to
£1,139bn resuB was £2.0bn. T
accordance wcles 432(1), 4316, available at
: 4.5%) primare in fully loade
18bn. The incrse in the cash cent balances foa £8bn increas
ecting an incre
otection and Pan increase in interest rates
en by the apprturity of trade
£117bn prima
ulting in an avThere is no cu
with the EBA Gu32(2) and 433 t home.barclay
rily driven by aed Tier 1 capita
rease was primcontribution toollowing increase in Africa ba
ease in matche
PFE on derivati interest rate d and appreciat
eciation of mas
arily driven by
erage leveragerrent impact fo
uidelines on mof Regulation ys/results.
an increase in tal to £47.9bn (
marily driven byo the Group liqased client actnking assets h
ed book tradin
ives, increasedderivatives andtion of major c
ajor currencies
the appreciati
e ratio of 4.1%or the CCLB fo
materiality, prop (EU) No 575/
the leverage (Dec 2015:
y a £27bn quidity pool in tivity, lending held for sale
g
d by £7bn to d foreign currencies
s against GBP,
on of major
%. The CET1 or the group.
prietary and 2013
Credit Ris
Barclays PLC
Analysis o
Loans and a
As at 30th June
Banks Other financialHome loans Cards, unsecurConstruction aOther
Net loans and
Impairment allo
Gross loans an Loans and adv As at 31st Dec
Banks Other financialHome loans Cards, unsecurConstruction aOther
Net loans and Impairment allo
Gross loans an Loans and adv Net loans andbalances, an of £14.5bn wbalances and
Other risks beto the Oil and(2015: £13.8strong or sati
sk
C – 2016 Interim
of loans an
advances at a
e 2016
institutions
red loans and otnd property
advances to cu
owance
nd advances to c
vances at FV
cember 2015
institutions
red loans and otnd property
advances to cuowance
nd advances to c
vances at FV
d advances inc£8.1bn increas
within Barclays a decrease of
eing monitored Gas sector wbn). Impairmisfactory was 9
m Results
nd advance
amortised co
her personal len
stomers and ba
customers and
her personal len
stomers and ba
customers and
creased £32.9bse due to the r Corporate & Inf £6.0bn from t
ed include expowas £4.7bn (20
ent charges w93% (2015: 97
es to custo
ost net of im
Kin
313
nding 225
anks 27
banks 27
1
113
nding 214
anks 24
banks 25
1
bn to £473.4bnreclassificationnternational, pthe rundown a
osures to Russ015: £4.4bn), wwere £88m (H7%) of the tota
41
omers and
pairment all
United ngdom Eu
£m
5,638 1431,030 2331,867 1229,215 420,799 151,593 16
70,142 71
2,543
72,685 72
10,235
7,344 918,521 1632,167 1228,800 418,565 44,422 12
49,819 572,492
52,311 58
16,281
n. This includen of ESHLA loapartially offset and exit of oth
sia, China and with contingen115: £2m). Thal net exposur
banks
owances, by
urope Amer£m
4,091 16,3,964 62,82,071 54,188 19,31,121 1,56,551 11,4
1,986 111,9
785 9
2,771 112,8
359 8
9,796 12,96,910 39,2,297 64,665 17,4
803 1,82,819 10,
7,290 82,8816
8,106 83,6
290 8
ed a £46.4bn inans now recog by the reclass
her assets in No
the Oil and Gnt liabilities anhe ratio of thee to credit risk
y industry sec
ricas Africa a
Middle Ea£m £
107 1,2836 36576 36364 66581 13456 3,37
920 6,11
906 10
826 6,22
820
979 2,05796 1,82624 10,53487 7,7834 2,07161 12,16
881 36,36725 83
606 37,20
813 50
ncrease in casnised at amortification to heon-Core.
as sector. Netnd commitmen Group’s net t
k to this sector
ctor and geo
and ast Asi£m £m
14 5,42165 5,13565 11566 9235 12774 2,386
19 13,276
03 46
22 13,322
9 25
53 4,65726 3,67632 24313 1,49772 24565 3,897
61 14,21539 49
00 14,264
04 25
h collateral antised cost, lendld for sale of £
t on-balance snts to this secttotal exposurer.
ography
ia Totalm £m
1 42,471 5 123,330 5 144,994 2 53,525 7 23,763 6 85,360
6 473,443
6 4,383
2 477,826
5 11,448
7 36,829 6 80,729 3 155,863 7 60,162 5 23,519 7 83,464
5 440,566 9 4,921
4 445,487
5 17,913
nd settlement ding growth
£30.6bn BAGL
heet exposuretor of £13.9bnes classified as
l m
e n s
Credit Ris
Barclays PLC
Analysis o
As at 30.06.16
Barclays UK
Barclays CorpoHead Office
Barclays Core
Barclays Non-C
Total Group re
Barclays UK
Barclays CorpoHead Office
Barclays Core
Barclays Non-C
Total Group w Group total
Traded loans
Loans and adva
Loans and adv
Total loans and As at 31.12.15
Barclays UK
Barclays Corpo
Head Office
Barclays Core
Barclays Non-C
Total Group re
Barclays UK
Barclays CorpoHead Office
Barclays Core
Barclays Non-C
Total Group w Group total
Traded loans
Loans and adva
Loans and adv
Total loans and
1 Excluding imcharge, whe
Loans and ad
Barclays Cand settle
sk
C – 2016 Interim
of retail an
6
orate & Internatio
Core
etail
orate & Internatio
Core
wholesale
ances designate
vances held at fa
d advances
5
orate & Internatio
Core
etail
orate & Internatio
Core
wholesale
ances designate
vances held at fa
d advances
mpairment chargeereas December 20
dvances to cus
Corporate andement balance
m Results
d wholesa
onal
onal
ed at fair value
air value
onal
onal
ed at fair value
air value
es on available for015 impairment ch
tomers and ba
International es and lending
ale loans an
Gross
loans and advances
Ima
£m
155,013
28,609
-
183,622
11,266
194,888
15,383
203,725
5,802
224,910
58,028
282,938
477,826
3,180
11,448
14,628
492,454
153,539
26,041
17,412
196,992
12,588
209,580
16,400
159,776
19,752
195,928
39,979
235,907
445,487
2,474
17,913
20,387
465,874
r sale investmentharges represent 1
anks at amorti
increased by £ growth of £14
42
nd advance
pairment llowance
Load
imp£m
1,619 11,049
-
2,668 1414
3,082 1
263 686 2
-
949 2352
1,301 2
4,383 4
n/a n/a
n/a
4,383 4
1,556 1
896
539
2,991 1465
3,456 2
312 617 1200
1,129 1
336
1,465 2
4,921 4
n/a
n/a
n/a
4,921 4
ts and reverse rep2 months charge.
sed cost net o
£46.3bn to £234.5bn
es and imp
ans and dvances
net of airment Ris
£m
153,394 27,560
-
180,954 10,852
91,806
15,120 203,039
5,802
223,961 57,676
281,637
473,443
3,180 11,448
14,628
488,071
151,983
25,145
16,873
194,001 12,123
206,124
16,088 159,159
19,552
194,799
39,643
234,442
440,566
2,474
17,913
20,387
460,953
purchase agreeme
of impairment
30.6bn reflecti
pairment
Credit sk Loans
CRLsg
loansadva
£m
2,228 1,033
-
3,261 917
4,178
627 1,379
-
2,006 455
2,461
6,639
2,238
863
859
3,960 936
4,896
636 1,331
513
2,480
441
2,921
7,817
ents. H116 impair
increased to £
ing a £31.8bn
% of gross s and ances
Limpairm
charg%
1.4 33.6 3
-
1.8 78.1
2.1 7
4.1
0.7 1-
0.9 10.8
0.9 1
1.4 9
1.5 6
3.3 7
4.9 2
2.0 1,67.4 1
2.3 1,8
3.9
0.8 22.6
1.3 3
1.1 (
1.2 2
1.8 2,0
rment charges rep
£473.4bn (201
increase in ca
oan ment ges1
Loan lossrates
£m bps
360 47 373 263
- -
733 80 37 66
770 80
6 8 135 13
- -
141 13 16 6
157 11
927 39
682 44
714 274
273 157
669 85 139 110
808 86
24 15 201 13
80 41
305 16
(16) (4)
289 12
097 47
present 6 months
5: £440.6bn).
ash collateral
s s
s
)
s
Credit Ris
Barclays PLC
Barclays balancesoffset byretail banhistorica
Head off
Analysis o
Barclays UK
Barclays Corpo
Head Office1
Barclays Core
Barclays Non-C
Total Group re Barclays UK
Barclays Corpo
Head Office1
Barclays Core
Barclays Non-C
Total Group w
Group total
Barclays UK
Barclays Corpo
Head Office1
Barclays Core
Barclays Non-C
Total Group re
Barclays UK
Barclays Corpo
Head Office1
Barclays Core
Barclays Non-C
Total Group w
Group total
1 Includes Bar
Credit Ri
CRLs decreclassifi
sk
C – 2016 Interim
Non-Core incs, an £8.1bn iny a £6.0bn decnking operatio
al investment b
fice decreased
of potentia
orate & Internatio
Core
etail
orate & Internatio
Core
wholesale
orate & Internatio
Core
etail
orate & Internatio
Core
wholesale
rclays Africa discon
sk Loans (CRL
creased 16% tication of BAG
m Results
reased £16.8bncrease due to rease from the
ons and Southebank assets
by £30.6bn to
al Credit Ri
onal
onal
onal
onal
ntinued operations
Ls) decreased
to £2.5bn in wGL balances to
bn to £68.5bn the reclassifice reclassificatioern European c
o £5.8bn drive
sk Loans a
3
Imp
3
s as at 31 Decemb
15% to £6.6bn
holesale portfoheld for sale
43
driven by a £1cation of ESHLAon of Asia weacards business
n by the reclas
and coveraCRLs
As at
30.06.16 31.£m
2,228 2
1,033
-
3,261 3
917
4,178 4
627
1,379 1
-
2,006 2
455
2,461 2
6,639 7
pairment allowa
As at
30.06.16 31.£m
1,619 1
1,049
-
2,668 2
414
3,082 3
263
686
-
949 1
352
1,301 1
4,383 4
ber 2015.
n
olios and 15%
4.6bn increaseA loans now realth and investses to assets h
ssification of B
age ratios
As at
12.15 30.0£m
2,238
863
859
3,960
936
4,896
637 1,330 1
513
2,480 1
441
2,921 1
7,817 1
ance C
As at
12.15 30.0£m
1,556 7
897 10
539
2,992 8
464 4
3,456 7
312 4617 4200
1,129 4
336 7
1,465 5
4,921 6
% to £4.2bn in r
e in cash collaecognised at atment manageheld for sale, an
BAGL balances
PPLs
As at As
06.16 31.12.£m £
301 3
135 1
- 1
436 6
11
447 67
58 1
1,119 8
- 24
1,177 1,24
42 1
,219 1,37
,666 2,05
CRL coverage
As at As
06.16 31.12.%
72.7% 69.5
01.5% 103.9
- 62.7
81.8% 75.6
45.1% 49.6
73.8% 70.6
41.9% 49.0
49.7% 46.4
- 39.0
47.3% 45.5
77.4% 76.2
52.9% 50.2
66.0% 63.0
retail portfolio
teral and settleamortised costement businesnd the rundow
to held for sa
s at As
.15 30.06.£m £
82 2,52
17 1,16
54
53 3,69
26 92
79 4,62
27 6877 2,4945
49 3,18
22 49
71 3,68
50 8,30
PCRL
s at As
.15 30.06.%
5% 64.0
9% 89.8
7%
6% 72.2
6% 44.6
6% 66.6
0% 38.44% 27.50%
5% 29.8
2% 70.8
2% 35.4
0% 52.8
s. This is drive
ement t, partially s, French
wn and exit of
le
PCRLs
s at As at
.16 31.12.15£m £m
29 2,620
68 980
- 1,013
97 4,613
28 962
25 5,575
85 764
98 2,207
- 758
83 3,729
97 563
80 4,292
05 9,867
L coverage
s at As at
.16 31.12.15% %
0% 59.4%
8% 91.5%
- 53.2%
2% 64.9%
6% 48.2%
6% 62.0%
4% 40.8%
5% 28.0%- 26.4%
8% 30.3%
8% 59.7%
4% 34.1%
8% 49.9%
en by
t
5 m
t
5 %
%
%
%
%
%
%
%
% %
%
%
%
%
Credit Ris
Barclays PLC
Analysis o
Barclays UK Barclays Corpo
Barclays Core Barclays Non-CHead Office1
Total retail Barclays UK
Barclays Corpo
Barclays Core Barclays Non-CHead Office1
Total wholesal
Group total
1 Includes Bar
Retail balanc(BAGL) and c
Barclaysportfolio
Barclayschanges
Wholesale baoperations (B
sk
C – 2016 Interim
of forbeara
orate & Internatio
Core
orate & Internatio
Core
le
rclays Africa discon
es on forbearacontinued imp
s UK: Forbearas driven by the
s Corporate & and FX movem
alances on foBAGL), offset b
m Results
ance progr
onal
onal
ntinued operations
ance reduced rovement in B
nce balances de benign econ
International:ments
orbearance deby an increase
rammes
Ba
As a
30.06.16 £m
971 231
1,202
373-
1,575
413 1,723
2,136
150
2,286
3,861
s as at 31 Decemb
by 11% to £1arclays UK, off
decreased 6% omic environm
Balances incr
ecreased by 6in Barclays Co
44
alances
at As
6 31.12.m £
1 1,031 18
2 1,22
3 34- 21
5 1,77
3 413 1,50
6 1,91
0 28 - 22
6 2,43
1 4,20
ber 2015.
1.6bn primarilfset by a small
to £971m follment
eased primaril
6% to £2.3bnorporate & Inte
Ima
at As
15 30.06£m
36 285
21 2
42 10
73 3
12 05 2
17 2
87 28
32 3
05 6
y due to the n increase in Ba
owing continu
ly due to US ca
n primarily duernational.
mpairment allowance
s at As a
.16 31.12.15£m £m
221 191 64 46
285 237
56 63- 29
341 329
30 32228 196
258 228
59 146 - 17
317 391
658 720
non-inclusion arclays Corpor
ued improvem
ards, driven by
ue to the non
Allowa
t As
5 30.06.1m
226 27
7 23
3 159
9 21.
2 76 13
8 12
6 397
13.
0 17.
of discontinurate & Internat
ment in card an
y book growth
n-inclusion of
ance coverage
at As at
16 31.12.15% %
.8 18.4
.7 24.9
.7 19.4
.0 18.4 - 13.8
.7 18.6
.3 7.8
.2 13.0
.1 11.9
.3 50.9 - 7.5
.9 16.1
.0 17.1
ued operationstional.
nd mortgage
, strategy
f discontinued
t
5
%
s
d
Credit Ris
Barclays PLC
Analysis o
UK home lo
The UK homein the Group’
As at 30.06.16
Barclays UK As at 31.12.15 Barclays UK Home loans
As at
Barclays UK -
UK Home Loan<=75%
>75% and <=80
>80% and <=85
>85% and <=90
>90% and <=95
>95% and <=10
>100%
Home loans
As at
Portfolio markeAverage LTV: BAverage LTV: V
For > 100% LT
Balances £m
Marked to marAverage LTV: BAverage LTV: V% Balances in r
1 Portfolio mahouse price
Barclays UK: weighted LTVreduction in h
sk
C – 2016 Interim
of specific
oans
e loan portfolios retail core po
6
- UK home loan
5
- UK home loan
s principal po
ns
0%
5%
0%
5%
00%
s principal po
ed to market LTVBalance weighteValuation weight
TV:
rket collateral £mBalance weighteValuation weightrecovery book
arked to market bindex available in
Arrears and V reduced to 4home loans wi
m Results
core portf
o primarily comortfolios.
Gand
ns
ns
ortfolios-dist
Distribubalan
%
30.06.16
93.0
3.1
1.8
1.1
0.6
0.2
0.2
ortfolios - Av
V:
d %
ted %
m
d %
ted %
ased on the most the country as at 3
charge-off rat47.2% (2015: 4ith LTV >100%
folios/busi
mprises first lie
ross loans d advances
90 d
£m
127,433
127,750
tribution of b
ution of nces
%
31.12.15
92.1
3.4
2.1
1.4
0.6
0.2
0.2
verage LTV
t updated valuatio30 June 2016.
tes remained s49.2%) as ave
% to £280m (2
45
inesses
en mortgages
day arrears, excluding recoveries
p
%
0.2
0.2
balances by
Impairment covratio
%
30.06.16 31
0.1
0.2
0.3
0.4
0.6
1.2
3.8
on including recov
stable, reflectierage house pr015: £310m).
and accounts
Non performing
proportion of outstanding
balances %
0.6
0.7
LTV1
verage
Nop
outs
%
1.12.15 30.
0.1
0.2
0.3
0.3
0.6
1.3
3.4
veries balances. Up
ng the continrices increased
for 98% (201
Annualised gross
charge-off rates
%
0.3
0.3
on-performing proportion of tanding balanc
%
.06.16 31.12.
0.6 0
0.7 1
1.0 1
1.2 1
1.8 1
3.4 4
6.2 7
pdated valuations
uing low based. This increas
5: 98%) of tot
Recoveries proportion of
outstanding balances
%
0.4
0.4
es
Non-pbalances
cover
% %
.15 30.06.1
0.6 4.7
1.0 14.7
1.0 18.4
1.3 19.9
1.8 26.6
4.0 29.8
7.0 42.5
BarclaUK hom
30.06.16 %
47.2 35.3
280 238
122.0 117.4
5.1
reflect the applica
e rate environme also contribu
tal home loans
Recoveriesimpairment
coverage ratio%
10.2
10.1
performing s impairment rage ratio
% %
6 31.12.15
7 4.7
7 13.5
4 16.7
9 15.7
6 25.7
8 25.4
5 35.6
ays UK
me loans 31.12.15
% % 49.2 37.3
310 260 123.0 118.5 5.6
ation of the latest
ment. Balanceuted to a 10%
s
s t o
%
5 %
3
5
t
e %
Credit Ris
Barclays PLC
Within the UK
Owner-oweighted0.2%)
Buy-to-le51.7% (2
UK home lo
New bookings New mortgageAverage LTV oAverage LTV o
Exposures t
The Group prof the total occupiers, an
Of the £40bnrepresenting
Exposure to Interest only baTotal impairmeMarked to marMarked to mar
1 A Part and Ppart and parpart book is
sk
C – 2016 Interim
K home loans p
occupied intered LTV on these
et home loans2015: 54.6%),
oans - new le
(£m)
es proportion abn new mortgagen new mortgage
to interest-on
rovides interesbalance of £1
nd £10bn (201
n exposure to othe interest-o
o interest onl
alances (£m) ent coverage (bprket LTV: Balancrket LTV: Valuat
Part Home Loan isrt book which con £9.4bn (2015: £9.
m Results
portfolio:
est-only homee loans reduce
comprised 9% and >90 day a
ending
ove 85% LTV (%es: balance weiges: valuation we
nly home loa
st-only mortga127bn (2015: 5: £10bn) to b
owner-occupienly componen
ly owner-occ
ps) e weighted % ion weighted %
s a product in whictributes £6.6bn (2.9bn) and represen
e loans compried to 41.8% (2
% (2015: 9%) arrears reduced
%)
ghted (%) eighted (%)
ans
ages, mainly i £128bn) of
buy-to-let cust
ers, £33bn (20nt of Part and P
cupied home
ch part of the loan2015: £6.2bn) to thnts 7% of total UK
46
sed 31% (2012015: 44.7%), a
of total balancd to 0.1% (20
n the UK. InteUK home loa
tomers.
015: £34bn) wPart1 mortgage
e loans
n is interest only ahe total interest-on
K home loans portfo
5: 32%) of totand >90 day a
ces. The averag15: 0.2%)
rest-only mortans. This com
was interest-ones.
and part is amortisnly balance of £39folio.
tal balances. Trrears remaine
ge balance we
tgages accounmprised £40bn
nly, with the re
sing. Analysis exclu9.6bn (2015: £40.1
The average baed stable at 0.2
eighted LTV red
BarclaysUK home
30.06.16
9,990
8.7
63.2 54.8
nt for £50bn (n (2015: £40b
maining £7bn
As at
30.06.16 33,029
11
41.8
32.2
udes the interest obn). Total exposur
alance 2% (2015:
duced to
s UK -
loans
30.06.15 9,549
8.3 62.3 53.6
(2015: £50bn)bn) to owner-
n (2015: £6bn)
As at
31.12.15 33,901
11 44.7 34.7
only portion of there on the part and
) -
)
e d
Credit Ris
Barclays PLC
Credit cardsThe principaunsecured loa
Principal portfAs at 30.06.16
Barclays UK UK cards1
UK personal Barclays Co US cards1
Barclays Par Germany ca As at 31.12.15 Barclays UK UK cards1
UK personal Barclays Co US cards1
Barclays Par Germany ca
1 For UK and Ubeen excludthe period po
UK cards: In recoveries prratio was duecash flow.
UK personal drop in recovwell. Recove
US cards: Arrmix and the drepresentatio
Barclays Partrecoveries imrecoveries as
sk
C – 2016 Interim
s, overdraftsl portfolios lisans.
folios 6
K
loans rporate & Intern
rtner Finance rds
5
K
loans rporate & Intern
rtner Finance rds
US cards, outstandded from the recov
ost acquisition.
2016, both eaoportion of oue to increased
loans: Arrearsveries balancesry impairment
rears rates remdecrease in rec
on of the future
tner Finance: mpairment cov
per contractu
m Results
s and unsecusted below ac
a
national
national
ding recoveries baveries impairment
arly and late stutstanding ref net inflows in
s and charge-s across the wt coverage rate
mained broadlycoveries impaie recovery exp
Portfolio arreaverage has in
ual ageing.
ured loans counted for 9
Gross loans and advances
£m
17,592
6,150
19,454
2,626
1,657
18,502
5,476
16,699
3,986
1,419
alances for acquirecoverage ratio. Lo
tage arrears reflected decreasto the recover
off rates remawhole portfolioe remained sta
y in line with 2irment coverag
pectation.
ars and chargecreased as a
47
93% (2015: 9
30 day arrears,
excluding recoveries
%
2.3 1.9
2.2 1.4 2.6
2.3 1.9
2.2 1.5 2.3
ed portfolios recogosses have been re
emained stablesed debt sale ary book that h
ained stable reo mainly due toable at 74.4%.
2015. Higher cge ratio was d
e-off rates remresult of an
4%) of the G
90 day arrears,
excluding recoveries
%
1.2 0.8
1.0 0.6 1.0
1.2 0.8
1.1 0.6 1.0
gnised at fair valueecognised where r
e within UK caactivity duringave a higher L
eflecting the bo the Barclaylo
charge-off ratedue to a model
mained broadlyadditional imp
Group’s core c
Annualised gross
charge-off rates
%
4.3 3.0
4.4 2.5 3.7
5.2 3.0
3.9 2.4 3.8
e (which have no rrelated to addition
rds. The lowerg H1 16. The uLGD rate becau
benign economoan portfolio w
es were drivenl enhancemen
y steady durinpairment for
credit cards, o
Recoveries proportion of
outstanding balances
%
4.0 6.5
2.2 2.6 2.7
3.6 7.5
2.0 2.5 2.7
related impairmennal spend from acq
r charge-off rauplift in recoveuse of longer e
mic conditionswhich continu
by a change it providing a m
g the first halfcustomers rec
overdrafts and
f
Recoveriesimpairment
coverage ratio %
84.2 74.4
83.5 88.5 79.5
82.6 73.9
84.8 85.2 81.2
nt allowance) havequired accounts in
ate and highereries coverageexpectation of
s. There was aues to perform
in the productmore accurate
f of 2016. Theclassified into
d
s t o
%
e n
r e f
a m
t e
e o
Credit Ris
Barclays PLC
Wholesale p
The UK Chousing
UK CRE sumUK CRE loans a
Past due balan
Balances past d
Impairment allo
Past due cover
Total collateral
Six months en
Impairment ch
Maturity an
As at 30.06.16 Balances
31.12.15 Balances
UK CRE LTVAs at Group <=75%
>75% and <=10
>100% and <=1
>125%
Unassessed ba
Unsecured bala
Total
1 Excludes col2 Corporate Ba
Total loans andUK CRE businelimits. Unsecured bala
sk
C – 2016 Interim
portfolios
CRE portfolio in and contracto
mmary
and advances (£
ces (£m)
due as % of UK C
owances (£m)
age ratio
(£m)1
ded
arge (£m)
nalysis of exp
V analysis
00%
125%
lances2
ances
llateral for unassesanking balances u
d advances at amsses operate to
ances primarily
m Results
ncludes propeors
£m)
CRE balances (%
posure to UK
Past dubalance
£m 174
18
ssed balances. under £4m as at Ju
mortised cost inspecific lending
relate to workin
erty investment
%)
K CRE
Contractual ma
ue es
Not more
than six months
m £m 4 761
3 801
ne 2016 and unde
creased 6% to £ criteria and the
g capital facilitie
48
t, developmen
aturity of UK CROver six months but not
more than one
year
O
n
£m 609
751
er £1m as at Decem
£12,292m (2015e portfolio of ass
es granted to CR
nt, trading, and
RE loans and adv
Over one year but
not more than two
years
Ov
b
tha
£m 1,365
941
30
1
mber 2015.
5: £11,617m) wisets is continuall
RE companies.
d house builde
vances at amortver two
years but not
more an five
years
Over ye
but m
thanye
£m 5,927 1,4
5,779 1,0
Balances
0.06.16 31.12
£m 8,643 8,6
276 3
87 1
21
2,152 1,6
1,113 7
2,292 11,6
ith growth limitey monitored thr
rs but exclude
30.06.1
12,29
17
1.
8
50%
26,44
30.06.1
(
tised cost
five ears not
more ten ears
Over teyea
£m £450 2,00
076 2,08
Bapropo
2.15 30.06.1
£m %655 7
390
119
47
636 1
770
617 10
ed to high qualitrough a range of
es social
Total
16 31.12.15
2 11,617
4 183
4 1.6
8 99
% 54%
42 27,062
16 30.06.15
1) 5
en rs
Totalloans &
advancesm £m6 12,292
7 11,617
alances as ortion of total
16 31.12.15
% %0 75
2 3
1 1
- -
8 14
9 7
0 100
ty assets. The f mandates and
5
5
5
l & s
m
5
%
Credit Ris
Barclays PLC
Group exp
The folloEurozone
The net eexposure
The Italiaaverage (Decemband 0.7%
As at 30.06.16
Italy Germany France Netherlands Ireland Portugal As at 31.12.15Italy Germany France Netherlands Ireland Portugal
sk
C – 2016 Interim
posures to
owing table shoe countries. Th
exposure prove is also presen
an residential mbalance weighber 2015: 31%% (December 2
Sov
5
m Results
o Eurozone
ows Barclays’ he basis of pre
vides the most nted below, alo
mortgages of hted marked to
%). 90 day arre2015: 0.7%) re
vereign Fina
institu
£m 2,588 1 7,062 3 6,395 4 1,560 1
56 1 1
1,708 2 7,494 3 7,426 4 2,254 1
9 2 87 3
countries
most significaeparation is con
appropriate mongside off-ba
£10.0bn (Deceo market LTVsears and gross espectively
ancial tions Corpor
£m ,894 8
3,879 1,24,895 1,2
,119 1,1,449 2,1 669 1
2,283 1,03,621 1,64,967 8
,177 1,22,824 1,23,346 1
49
ant exposure (ansistent with t
measure of thealance sheet co
ember 2015: £s of 61.4% (De charge-off rat
rate Residentiamortgage
£m £m820 10,003288 8225 717
46 427 3011 6
039 9,505602 9805 1,472280 4282 37
52 6
above £4bn nethat described
e credit risk to wontingent liabi
£9.5bn) are sececember 2015:tes remained s
al s
Other retail
lending
m £m 3 646 8 2,716 7 157 4 4 0 81 6 84
5 675 9 2,313 2 152 4 - 7 51 6 700
et on-balance in the 2015 A
which the Groilities and com
cured on resid: 60.6%) and Cstable at 1.2%
Net on-balance sheet
exposure £m
15,951 14,953 13,389
3,833 3,743
871
15,210 15,039 14,822
4,715 4,203 4,291
sheet exposurAnnual Report
oup is exposedmmitments
ential propertyCRL coverage o (December 20
Gross on-balance sheet
exposure
£m 20,997 55,561 43,195 12,475 6,280 1,036
20,586 50,930 43,427 16,808 7,454 4,555
re) to
. The gross
y with of 32% 015: 1.2%)
-t e
Contingentliabilities and
commitments
m £m 2,735 10,716 7,210 3,378 2,782 1,200
2,701 8,029 7,436 2,970 2,673 1,299
t d s
m
Market Ri
Barclays PLC
Analysis o The table
all tradin
Limits arrisk man
Manageme
Six months en
Credit risk
Interest rate risEquity risk
Basis risk
Spread risk
Foreign exchanCommodity risInflation risk
Diversification
Total managem 1 Includes Bar2 The high an
Consequentl
During H116 to £15m, duepositioning in
The year-on-
isk
C – 2016 Interim
of managee below shows
ng positions in
re applied againagers to each
nt VaR (95%
ded
D
sk
nge risk
k
effect1
ment VaR
rclays Africa disconnd low VaR figurely a diversification
average total e to Barclays
n our trading b
year decrease
m Results
ment VaR s the total man the Investmen
nst each risk f business
%) by asset cl
30.0
Daily Avg H£m
15
6
6
5
3
3
2
2
(22)
20
ntinued operationses reported for ea effect balance for
management own credit sp
books.
in equity VaR
nagement VaRnt Bank, Non-C
factor VaR as w
lass1
6.16
High2 Low£m £m
23 910 410 4
6 35 24 24 3 2-
29 13
s. ach category did nr the high and low
VaR increasedpread widenin
is mainly due
50
R on a diversifiCore and Head
well as total M
w2 Daily Avgm £m
9 12 4 6 4 7 3 3 2 3 2 3 1 2 2 2 - (21)
3 17
not necessarily oc VaR figures would
d by 18% to £g materially. B
to reduction i
ed basis by risd Office and it
anagement Va
31.12.15
g High2 m £m
17 14 18 4 4 6 3 4 ) -
25
ccur on the same d not be meaningfu
20m, largely dBasis VaR incr
n activity in ca
k factor. Totalis calculated w
aR, which are t
Low2 Da£m
9
4
4
2
2
1
1
2
-
12
day as the high ful and is therefore
due to credit Vreased due to
apital markets.
l managementwith one day h
then cascaded
30.06.
ily Avg Hig£m £
10
7
9
3
3
3
2
3
(22)
18
and low VaR repo omitted from the
VaR which incr changes in c
t VaR includes olding period
d further by
15
gh2 Low2
£m £m
13 8
12 4
17 5
4 3
6 2
5 1
2 1
5 2
- -
25 13
orted as a whole. above table.
eased by 25%cross currency
.
% y
Market Ri
Barclays PLC
Analysis o The table belofinancial liabiEarnings at Rforward curverates of abovi.e. no growthcustomer maassumptions Net interest
Period ended 3
+50bps +25bps -25bps
-50bps
Period ended 3
+50bps +25bps -25bps
-50bps 1 Non-Core fig2 Excluding in3 Head Office
are sensitivefirm’s equitybps move is
During H116 that the modtherefore a pafloor assump Within Barclaversus FY15 amodel assummargin comp
isk
C – 2016 Interim
of net inter
ow shows senlities held at 3
Risk (AEaR) mees. The model e zero. The mah assumed; (iiiay remortgage are kept unch
t income sen
30.06.161,2,3
31.12.152,3
gures are as at Mavestment banking banking books (pe to negative intery structural hedge £(5)m / £3m resp
the GBP rate eelled base casarallel fall in thtion comes int
ays UK and Baras lower foreca
mes it would nopression on the
m Results
rest incom
sitivity analysi0 June 2016 a
ethodology. No floors shockeain model assu) balances are or sell the ass
hanged in the u
nsitivity (AEa
ay 2016. operations.
predominantly Trearest rates so the m programme which
pectively.
environment ce already take
he forward rateto effect).
rclays Corporaast base rates ot pass on furte base rate link
e sensitivit
is on the pre-tand 31 Decembote that this md rates at zero
umptions are: e adjusted for aset before the cupward and do
R) by busine
Barcl
asury) are excludemodelled floor assuh would create a p
changed signifs into accounte curve from th
te & Internatio mean customther rate reducked products t
51
ty
ax net interestber 2015. The etric assumes
o, therefore cha(i) one year tim
an assumed becontractual maownward shoc
ess
lays UK
Barclay
£m 40
23
(82)
(101)
31
16
(50)
(141)
ed as positions relaumption does notpositive earnings s
ficantly, with at a lower UK rahis point, whic
onal, margin comer pricing is clctions. As the ithere is a smal
t income for thsensitivity has an instantaneanges in NII seme horizon; (iiehavioural proaturity of theircks.
ys Corporate & International
£m 70
51
(109)
(137)
38
21
(41)
(152)
ate to liquidity andt fully reflect the esensitivity as rates
25 bps GBP bates outlook. Ach implies inte
ompression risloser to the prompact of the fler incrementa
he non-tradings been measureous parallel chensitivity are o) balance shee
ofile e.g. to taker mortgage; an
No
d funding manageexpected NII sensits increase. The ove
base rate cut imA further 25bprest rates fall t
sk has increaseoduct rate floofirst-25bps shoal impact from
g financial asseed using the Ahange to internly observed f
et is kept at thee into accountnd (iv) behavio
on-Core £m
3
2
-
-
7
5
-
-
ement activities. Trtivity. Head Officeerall Head Office i
mplied in Q316ps downward sto zero (where
ed on customeor level, beyonock fully captu
m the -50bps sh
ets and Annual est rate for forward e current levelt that a oural
Total £m
113
76
(191)
(238)
76
42
(91)
(293)
reasury’s positionse also includes theimpact of a +/- 25
6. This means shock is e the model
er liabilities d which the
ures the hock.
s e 5
Market Ri
Barclays PLC
Volatility o
Changes in vathe Available earning meas
Although theVaR, the twoAFS exposure
Analysis of the
Six months en
Non -Traded MValue at Risk (95%) for the sended
The Non-Trad
During H116exposures. Ininvestments t
isk
C – 2016 Interim
of the Ava
alue of Availab for Sale invessure, i.e. the No
e underlying m measures are
es. These expo
e AFS portfolio v
ded
Market daily, ix months
ded VaR is ma
, average VaR n Q216, availabto held to mat
m Results
ilable for S
ble for Sale expstments in theon-Traded Ma
methodology toe not directly cosures are in th
volatility in the
30.06Daily Avg
£m
42
ainly driven by
remained stable for sale Vaurity to reflect
Sale (AFS) p
posures flow de liquidity pooarket Risk VaR.
o calculate thecomparable. The banking boo
liquidity pool 6.16
High Low
£m £m
46 35
volatility of int
ble as increaseR fell due to tht the intention
52
portfolio in
directly througl is captured a.
e Non-Traded The Non-Tradeok and do not
Daily A
terest rates in
ed asset swaphe reclassificat with these ass
n the liquid
h capital via eand managed
VaR is similared VaR repres meet the crite
31.12.15 Avg High
£m £m
42 48
developed ma
p volatility wastion of UK Giltsets.
dity pool
quity reserve. through a va
r to the one usents the volat
eria for trading
Low
£m
37
arkets.
s offset by a res previously cl
The volatility olue measure r
sed in Traded tility to capital g book treatme
30.0Daily Avg
£m
41
eduction in avalassified as ava
of the value ofrather than an
Management driven by theent.
06.15 High Low
£m £m
44 39
ailable for saleailable for sale
f n
t e
w
m
e e
Statemen
Barclays PLC
Each of the Dstatements s‘Interim Finanfair review of
an indicacondensremainin
any relator perforAnnual Rended 30
Signed on be
James E StaleGroup Chief E
Barclays PLC Chairman John McFarla
t of Direct
C – 2016 Interim
Directors (the set out on pagncial Reportingf the informatio
ation of imported consolidate
ng six months o
ted party transrmance of BarcReport that cou0 June 2016.
half of the Boa
ey Executive
Board of Direc
ane
ors’ Respo
m Results
names of whges 55 to 60 g’, as adopted on required by
tant events thaed interim finaof the financia
sactions in the clays during thuld have a ma
ard by
ctors:
ExecuJamesTusha
onsibilities
om are set ou have been p by the Europe
y Disclosure an
at have occurrancial statemenal year
six months enhat period and terial effect on
utive Directorss E Staley (Grouar Morzaria (Gr
53
ut below) confrepared in acean Union, andnd Transparen
red during the nts, and a desc
nded 30 June 2d any changes in the financial
Tus Gro
s up Chief Execuroup Finance D
firm that the ccordance withd that the intecy Rules 4.2.7
six months encription of the
2016 that havein the related p position or per
shar Morzaria oup Finance Di
utive) Director)
condensed coh Internationarim managemR and 4.2.8R n
nded 30 June 2 principal risks
e materially affparty transactrformance of B
rector
Non-executivMike Ashley Tim Breedon Crawford GillSir Gerry GrimReuben JefferDambisa MoyDiane de SainDiane SchuenStephen Thie
onsolidated intal Accounting
ment report hernamely:
016 and their s and uncertain
fected the finations describedBarclays in the
ve Directors
CBE lies mstone ry III yo nt Victor neman eke
terim financial Standard 34,rein includes a
impact on thenties for the
ancial position d in the last e six months
l ,
a
e
Independ
Barclays PLC
Independen Report on th Our conclusioWe have revieinterim resultsto our attentiaccordance wDisclosure Ru What we haveThe interim fin
the condeperiod th
the conde
the conde
the conde
the expla
The interim International Aand Transpare
As disclosed preparation of(IFRSs) as ado Responsibil Our responsibThe interim rethe directors. Rules and Tra
Our responsibreview. This rethe Disclosuredo not, in giviis shown or in
What a reviewWe conductedInterim Financthe United Kinfinancial and a
A review is suIreland) and, cmight be ident
We have readapparent miss
PricewaterhouChartered AccLondon 28 July 2016
1 The maintenconsideratiostatements s
2 Legislation in
ent Audito
C – 2016 Interim
nt review rep
he condense
on ewed Barclays s announcemenion that cause
with Internationles and Transpa
e reviewed nancial stateme
ensed consoliden ended;
ensed consolid
ensed consolid
ensed consolid
anatory notes to
financial stateAccounting Staency Rules of th
in note 1 to f the full annua
opted by the Eu
ities for the
bilities and thoesults announc The directors nsparency Rule
bility is to expreeport, includinge Rules and Trang this conclusto whose hand
w of interim find our review incial Informationngdom. A revieaccounting mat
ubstantially lessconsequently, tified in an aud
d the other infstatements or m
useCoopers LLPcountants
nance and integrion of these mattersince they were inin the United Kingd
ors’ Review
m Results
port to Barcla
ed consolidat
PLC's condensnt of Barclays P
es us to believal Accounting arency Rules of
ents, which are
dated income st
dated balance s
dated statement
dated cash flow
o the interim fin
ements includeandard 34, ‘Intehe United Kingd
the interim final financial stat
uropean Union.
interim finan
se of the direccement, includi are responsibles of the United
ess a conclusiong the conclusioansparency Rulsion, accept or ds it may come
nancial statemen accordance wn Performed byew of interim ftters, and apply
s in scope thandoes not enab
dit. Accordingly
formation contmaterial incons
P
rity of the Barclayrs and, accordinglitially presented ondom governing the
w Report to
ays PLC
ted interim f
ed consolidatePLC for the 6 me that the inte Standard 34, ‘f the United Kin
e prepared by B
tatement and c
heet as at 30 Ju
t of changes in
w statement for
nancial stateme
ed in the inteerim Financial dom’s Financia
nancial statemtements of the
ncial stateme
tors ng the interim le for preparin
d Kingdom’s Fin
n on the interimon, has been pres of the Uniteassume respon save where exp
ents involves with Internationy the Independefinancial informying analytical a
n an audit condble us to obtain
, we do not exp
tained in the iistencies with t
ys website is the ly, the auditors acn the website. e preparation and d
o Barclays
54
financial stat
ed interim finanmonth period en
erim financial Interim Financ
ngdom’s Financ
arclays PLC, co
condensed cons
une 2016;
equity for the
the period then
ents.
erim results anReporting’, as l Conduct Auth
ments, the finan Group is appli
ents and the
financial stateg the interim r
nancial Conduc
m financial statrepared for anded Kingdom’s Fnsibility for anypressly agreed
nal Standard onent Auditor of t
mation consistsand other revie
ducted in accon assurance thapress an audit o
nterim results the information
responsibility of tccept no responsib
dissemination of fi
PLC
tements
ncial statementnded 30 June 20statements areial Reporting’, cial Conduct Au
omprise:
solidated statem
period then end
n ended; and
nnouncement adopted by th
hority.
ncial reportingicable law and
review
ments, is the rresults announ
ct Authority.
tements in the d only for the cFinancial Conduy other purpose by our prior co
n Review Engathe Entity’ issue of making enq
ew procedures.
ordance with Inat we would bopinion.
announcemenn in the interim
the directors; the bility for any chan
financial statement
ts (the "interim016. Based on oe not preparedas adopted by
uthority.
ment of compr
ded;
have been pre European Un
framework th International F
responsibility ofncement in acc
interim results company for thuct Authority ae or to any otheonsent in writin
agements (UK aed by the Auditquiries, primar
nternational Staecome aware o
nt and conside financial statem
work carried outnges that may hav
ts may differ from
financial stateour review, notd, in all materi the European
ehensive incom
repared in accnion and the D
hat has been Financial Repor
f, and has beencordance with
announcemenhe purpose of cnd for no othe
er person to whg.
and Ireland) 24ting Practices Bily of persons r
andards on Auof all significan
ered whether itments.
t by the auditors ve occurred to the
legislation in othe
ements") in thething has comeial respects, in Union and the
me for the
cordance withisclosure Rules
applied in therting Standards
n approved by,the Disclosure
nt based on ourcomplying withr purpose. We
hom this report
410, ‘Review ofBoard for use inresponsible for
diting (UK andnt matters that
t contains any
does not involvee interim financial
er jurisdictions.
e e n e
h s
e s
, e
r h e t
f n r
d t
y
e l
Condense
Barclays PLC
Condense Continuing op
Net interest incNet fee and comNet trading incNet investmentNet premiums Other income
Total income Net claims and
Total income nCredit impairm
Net operating
Staff costs
Administration
Operating exp
(Loss)on dispoimpairment on
Profit before taTax
Profit after tax Profit after tax
Profit after tax Attributable to
Ordinary equityOther equity ho
Total equity hoNon-controllingNon-controlling
Profit after tax Earnings per s
Basic earnings Basic earnings Basic earnings Diluted earning
1 For notes to 2 The profit af
net amount
ed Consolid
C – 2016 Interim
ed consolid
erations
come mmission incomome t income from insurance
d benefits incurre
net of insurancement charges and
income
n and general ex
enses
osal of undertaki assets held for
ax
in respect of co in respect of dis
x
o:
y holders of the olders2
olders of the pag interests in resg interests in res
x
hare
per ordinary sha per ordinary sha per ordinary shags per ordinary s
the Financial Statfter tax attributabl of £150m (H115:
dated Fina
m Results
dated inco
me
contracts
ed on insurance
e claims d other provision
penses
ngs, share of ressale
ntinuing operatscontinued oper
parent:
arent2 spect of continuspect of discont
are2
are in respect oare in respect oshare2
tements see pagesle to other equity h£127m), along wit
ancial State
me statem
contracts
ns
sults of associat
ions rations
uing operations tinued operation
of continuing opeof discontinued o
s 61 to 97. holders of £208m th NCI, is deducted
ements
55
ment (unau
tes & joint ventu
ns
erations operations
(H115: £159m) isd from profit after
udited)
ures, and
offset by a tax cre tax in order to calc
Half
Notes1
2
3
5
4
6
7
7
edit recorded in reculate earnings pe
f year ended H
30.06.16
£m
5,218
3,299
1,545
914
159
17
11,152
(139)
11,013
(931)
10,082
(4,601)
(3,096)
(7,697)
(322)
2,063
(715)
1,348
311
1,659
1,110
208
1,318
186
155
1,659
6.9p
6.0p
0.9p
6.8p
eserves of £58m (Her share.
Half year ended
30.06.15£m
5,190 3,463 2,549
895 188
(7)
12,278 (167)
12,111 (779)
11,332
(4,292)(4,298)
(8,590)
(140)
2,602 (852)
1,750 358
2,108
1,611 159
1,770 173 165
2,108
9.9p8.7p1.2p9.7p
H115: £32m). The
d
5 m
)
)
)
) )
)
)
)
p p p p
e
Condense
Barclays PLC
Condense
Profit after taxProfit after tax Profit after tax
Other comprecontinuing ope
Currency transAvailable for saCash flow hedgOther Other compreh
Other comprehRetirement ben Total comprehTotal compreoperations
Total compreh Attributable to
Equity holders Non-controlling
Total compreh 1 For notes, se
ed Consolid
C – 2016 Interim
ed consolid
x in respect of co in respect of dis
ehensive incomerations:
lation reserve
ale reserve ge reserve
hensive profit/(
hensive loss notnefit remeasurem
hensive income hensive incom
hensive income
o:
of the parent
g interests
hensive income
ee pages 61 to 97.
dated Fina
m Results
dated state
ntinuing operatscontinued oper
me/(loss) that
(loss) that may
t recycled to prments
for the period, me/(loss) for t
for the period
for the period
7.
ancial State
ement of c
ions rations
may be recyc
be recycled to p
ofit or loss:
net of tax from he period, net
ements
56
omprehen
cled to profit
profit or loss
continuing opet of tax from
nsive incom
or loss from
erations
discontinued
me (unaudi
Half
Notes1
17 17 17
14
ited)
f year ended H
30.06.16
£m
1,659
1,348
311
1,789
(311)
1,747
(2)
3,223
(759)
3,812
1,296
5,108
4,358
750
5,108
Half year ended
30.06.15£m
2,108 1,750
358
(228)(295)(613)
41
(1,095)
(94)
561
(35)
526
325 201
526
d
5 m
) ) )
)
)
)
Condense
Barclays PLC
Condense Assets Cash and balanItems in the coTrading portfoFinancial assetDerivative finanFinancial investLoans and advaLoans and advaReverse repurcPrepayments, aInvestments in Property, plantGoodwill Intangible asseCurrent and deRetirement benAssets included
Total assets Liabilities
Deposits from Items in the coCustomer accoRepurchase agTrading portfoFinancial liabilitDerivative finanDebt securitiesSubordinated lAccruals, deferProvisions Current and deRetirement benLiabilities inclu
Total liabilities Equity
Called up shareOther reserves
Retained earnin
Shareholders' Other equity in
Total equity exNon-controlling
Total equity
Total liabilities 1 For notes, se2 Debt securit
ed Consolid
C – 2016 Interim
ed consolid
nces at central burse of collectiolio assets s designated at ncial instrumenttments ances to banks ances to custom
chase agreementaccrued income associates and
t and equipment
ets eferred tax assetnefit assets d in disposal gro
banks
urse of collectioounts reements and olio liabilities ties designated ncial instruments in issue2 iabilities rred income and
eferred tax liabilinefit liabilities uded in disposal
s
e capital and sha
ngs
equity attributanstruments
xcluding non-cog interests
s and equity
ee pages 61 to 97.ties in issue include
dated Fina
m Results
dated bala
banks on from other ba
fair value ts
mers ts and other sim and other asset joint ventures t
ts
oups classified a
on due to other b
other similar secu
at fair value ts
d other liabilities
ties
groups classifie
are premium
able to ordinary
ontrolling intere
7. e covered bonds of
ancial State
nce sheet
anks
milar secured lents
as held for sale
banks
ured borrowing
ed as held for sa
shareholders o
ests
f £12,070m (Dece
ements
57
(unaudited
nding
le
of parent
mber 2015: £12,3
d)
Notes1
10
9
5
14
4
10
12
13
5
14
4
15
17
16
6
00m).
30
7
78
4484
422
6
1,35
6
4323
1144
62
6
1,28
2
3
5
6
6
1,35
As at
0.06.16
£m
76,866
1,101
76,543
88,883
45,180
83,100
48,117
25,326
20,216
2,895
598
2,841
3,921
3,439
4,630
173
67,453
51,282
62,386
784
38,530
25,418
32,643
14,098
42,317
66,172
22,650
7,388
3,988
923
460
64,105
81,862
21,763
5,695
30,082
57,540
5,314
62,854
6,566
69,420
51,282
As at
31.12.15
£m
49,711 1,011
77,348 76,830
327,709 90,267 41,349
399,217 28,187
3,010 573
3,468 4,605 3,617 4,910
836 7,364
1,120,012
47,080 1,013
418,242 25,035 33,967 91,745
324,252 69,150 21,467 10,610
4,142 1,025
423 5,997
1,054,148
21,586 1,898
31,021
54,505 5,305
59,810 6,054
65,864
1,120,012
t
5
m
Condense
Barclays PLC
Condense
Half year ende
Balance at 1 JaContinuing opProfit after tax
Currency transAvailable for saCash flow hedgRetirement benOther Total comprehcontinuing opeTotal comprehdiscontinued oTotal comprehIssue of new orIssue of sharesOther equity inRedemption ofTreasury shareDividends paidNet equity impOther reserve m
Balance at 30 J Half year ende
Balance at 1 JuContinuing opLoss after tax
Currency transAvailable for saCash flow hedgRetirement benOther Total comprehcontinuing opeTotal comprehdiscontinued oTotal comprehIssue of new orIssue of sharesIssue and exchOther equity inRedemption ofTreasury shareDividends paidOther reserve m
Balance at 31 D
1 Details of Sh2 Details of No3 Details of pa
ed Consolid
C – 2016 Interim
ed consolid
ed 30.06.16
anuary 2016 erations
lation movemenale investments ges nefit remeasurem
ensive income nerations ensive income n
operations hensive income rdinary shares
s under employenstruments coupf preference shaes act of partial BAmovements
June 2016
ed 31.12.2015
uly 2015
erations
lation movemenale investments ges nefit remeasurem
ensive income nerations ensive loss net o
operations hensive loss for rdinary shares
s under employeange of equity i
nstruments coupf preference shaes
movements
December 2015
hare capital, Other on-controlling Inteartial BAGL disposa
dated Fina
m Results
dated state
nts
ments
net of tax from
net of tax from
for the year
ee share schemepons paid res
AGL disposal3
nts
ments
net of tax from
of tax from
the year
ee share schemenstruments
pons paid res
5
r equity instrumenterests are shown oal are shown on pa
ancial State
ement of cCall
share cand prem
21
es
21
21
es
21
ts and Other reservn page 66. age 64.
ements
58
hanges in ed up apital share
mium1 Other e
instrume£m
1,586 5
- - - - - - -
-
- 28
149 - (- - - - -
1,763 5
1,523 4
- - - - - - -
-
- 19 44
- - (- - - -
1,586 5
ves are shown on p
equity (un
quity ents1
Othereserves
£m £m
,305 1,898
208
- 1,788- (311- 1,747-
-
208 3,224
- 578
208 3,802-
-
(208)
-
- (5-
-
9
,314 5,695
,325 1,334
186
- 975- 66- 120-
-
186 1,161
- (611
186 550-
-
995
(186)
-
- 14-
(15)
,305 1,898
page 81 to 82.
naudited)
er s1
Retained earnings
m £m
8 31,021
- 954
8 -
1) -
7 -
- (759)
- (3)
4 192
8 156
2 348
- -
- 226
- 58
- (253)
5) (384)
- (588)
- (349)
- 3
5 30,082
4 32,099
- (2,114)
5 -
6 -
0 -
- 1,010
- (21)
1 (1,125)
1) 109
0 (1,016)
- -
- 268
- -
- 38
- -
4 (49)
- (335)
- 16
8 31,021
Total contr
inter£m
59,810 6
1,162 1,788 (311)
1,747 (759)
(3) 3,624
734
4,358 28
375 (150) (253) (389) (588) (349)
12
62,854 6
59,281 6
(1,928) 975
66 120
1,010 (21) 222
(502)
(280) 19
312 995
(148) -
(35) (335)
1
59,810 6
Non-olling rests2
Totalequity
£m £m
6,054 65,864
186 1,348 1 1,789 - (311)- 1,747 - (759)1 (2)
188 3,812
562 1,296
750 5,108 - 28 - 375 - (150)
(550) (803)- (389)
(280) (868)601 252
(9) 3
6,566 69,420
6,294 65,575
175 (1,753)1 976 - 66 - 120 - 1,010 1 (20)
177 399
(186) (688)
(9) (289)- 19 - 312 - 995 - (148)- - - (35)
(251) (586)20 21
6,054 65,864
l y
m
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Condense
Barclays PLC
Condense
Half year endeBalance at 1 JaContinuing opProfit after tax
Currency transAvailable for saCash flow hedgRetirement benOther Total comprehcontinuing opeTotal comprehdiscontinued oTotal comprehIssue of new orIssue of sharesIssue and exchOther equity inRedemption ofTreasury shareDividends paidOther reserve m
Balance at 30 J 1 Details of Sh2 Details of No
ed Consolid
C – 2016 Interim
ed consolid
ed 30.06.15
anuary 2015
erations
lation movemenale investments ges nefit remeasurem
ensive income nerations ensive loss net o
operations hensive income rdinary shares
s under employeange of equity i
nstruments coupf preference shaes
movements
June 2015
hare capital, Other on-controlling Inte
dated Fina
m Results
dated state
nts
ments
net of tax from
of tax from
for the year
ee share schemenstruments
pons paid res
r equity instrumenterests are shown o
ancial State
ement of cCall
share cand prem
20
es
21
ts and Other reservn page 66.
ements
59
hanges in ed up apital share
mium1 Other e
instrume£m
0,809 4
- - - - - - -
-
- 118 596
- - (- - - -
1,523 4
ves are shown on p
equity (un
quity ents1
Othereserves
£m £m
,322 2,724
159
- (228- (295- (613-
-
159 (1,136
- (256
159 (1,392-
-
-
(159)
-
- 2-
3
,325 1,334
page 81 to 82.
naudited)
er s1
Retained earnings
m £m
4 31,712
- 1,418
8) -
5) -
3) -
- (94)
- 41
6) 1,365
6) 193
2) 1,558
- -
- 303
- -
- 32
- -
2 (706)
- (746)
- (54)
4 32,099
Total contr
inter£m
59,567 6
1,577 (228) (295) (613)
(94) 41
388
(63)
325 118 899
- (127)
- (704) (746)
(51)
59,281 6
Non-olling rests2
Totalequity
£m £m
6,391 65,958
173 1,750 - (228)- (295)- (613)- (94)- 41
173 561
28 (35)
201 526 - 118 - 899 - - - (127)- - - (704)
(301) (1,047)3 (48)
6,294 65,575
l y
m
)
)
)
)
)
)
)
)
)
Condense
Barclays PLC
Condense
Continuing op
Profit before ta
Adjustment for
Changes in ope
Corporate inco
Net cash from
Net cash from
Net cash from
Net cash from
Effect of excha
Net increase/
Cash and cash
Cash and cash
ed Consolid
C – 2016 Interim
ed consolid
erations
ax
r non-cash item
erating assets an
ome tax paid
operating activ
investing activit
financing activit
discontinued op
nge rates on cas
(decrease) in ca
equivalents at b
h equivalents at
dated Fina
m Results
dated cash
s
nd liabilities
vities
ties
ties
perations
sh and cash equ
ash and cash eq
beginning of the
end of the perio
ancial State
h flow state
uivalents
quivalents
e period
od
ements
60
ement (unaaudited)
Half year ended
30.06.16
£m
2,063
(8,913)
25,129
(394)
17,885
14,376
(1,709)
371
6,897
37,820
86,556
124,376
Half yearended
30.06.15
£m
2,602
3,359
6,360
(756)
11,565
(13,494)
(1,481)
138
25
(3,247)
78,479
75,232
r d
5
m
)
)
)
)
Financial
Barclays PLC
1. Bas
These condenaccordance wFinancial Repbe read in coprepared in a
The accountiare the same
Future acco
IFRS 9 – Fina
IFRS 9 Financperiods beginIFRS 9, in pinstruments.
Barclays has departments.
In respect ofmodels, syste2017.
The classificaimpact and fiin respect of
For further in
Going conce
Having reasseaccounting in
Statement
C – 2016 Interim
sis of prep
nsed consolidwith the Disclporting’, as adoonjunction wi
accordance wit
ing policies an as those used
ounting deve
ncial instrume
cial Instrumentnning on or aftparticular the
a jointly acco.
f the impairmeems, processe
ation and meainalising procehedge accoun
formation on t
rn
essed the prinn preparing the
t Notes
m Results
aration
ated interim filosure and Tropted by the th the annuath Internationa
nd methods ofd in the Barclay
elopments
ents
ts which will rter 1 January 2impairment
untable risk an
ent implemens, governance
surement impesses, governanting is being p
this and other
cipal risks, thee interim finan
inancial statemransparency REuropean Uniol financial staal Financial Re
f computationys 2015 Annua
replace IAS 392018 and is curequirements,
nd finance IFR
tation programe, controls and
plementation pance and contrperformed.
r new standard
e Directors conncial informatio
61
ments for the Rules of the Fon. The condetements for tporting Standa
n used in theseal Report.
Financial Instrrently expect will lead to
RS 9 implemen
mme, during d data collectio
programme is rols in prepara
ds refer to the
nsidered it appon and there a
six months enFinancial Condensed consolidthe year endeards (IFRSs) as
e condensed c
truments: Recoed to be endo significant c
ntation progra
2016 work haon ahead of a
in progress, wation for the pa
Barclays 2015
propriate to adoare no materia
nded 30 June 2duct Authoritydated interim fd 31 Decembs adopted by t
consolidated i
ognition and Mrsed by the EU
changes in th
amme with rep
as continued planned paral
with the focus arallel run in 2
5 Annual Repor
opt the going l uncertainties
2016 have beey and with IASfinancial state
ber 2015, whithe European U
nterim financ
Measurement U in the secondhe accounting
presentation fr
on the designllel run and tes
during 2016 o017. An impac
rt.
concern basiss.
en prepared inS 34, ‘Interim
ements shouldch have beenUnion.
ial statements
is effective ford half of 2016. for financial
rom impacted
n and build ofsting phase in
on quantifyingct assessment
of
n m d n
s
r . l
d
f n
g t
Financial
Barclays PLC
2. Sta
Compensation
Deferred bonusCurrent year boSales commiss
Performance cSalaries Social security Post-retiremenOther compens
Total compens Other resourci
Outsourcing
Redundancy anTemporary stafOther
Total other res
Total staff cost
Total staff co
A reduct
An increarecognisstatutory
An increarestructu
Group compe36% (H115: 2Group compe
No awards haby the Remunthe first six m
Statement
C – 2016 Interim
aff costs
n costs
s charge onus charges ions, commitme
costs
costs nt benefits sation costs
sation costs
ing costs
nd restructuringff costs
sourcing costs
ts
sts increased 7
tion in Group p
ase in post-retsed in the priory provisions
ase in other reuring costs due
ensation costs29%). Excludiensation to net
ave yet been gneration Comm
months represe
t Notes
m Results
ents and other in
g
7% to £4,601m
performance c
tirement benefr period as the
esourcing coste to strategic i
s increased 8%ing post-retiret operating inc
granted in relamittee until thents an accrua
ncentives
m, principally r
costs of 15% to
fits expense to valuation of a
s of 5% to £1,nitiatives anno
% to £3,580mement benefitscome ratio of 3
tion to the 20e performancel for estimated
62
reflecting:
o £797m prim
o £245m due ta component o
021m primariounced for the
m reflecting a s, Group comp33% (H115: 3
16 bonus pooe for the full yed costs in acco
arily reflecting
to the non-recof the defined
ly due to a £19e Investment B
Group compepensation costs1%).
ol as decisions ear can be ass
ordance with a
g lower deferre
urrence of a oretirement ben
97m increase Bank in January
ensation to nets decreased 5%
regarding incesessed. The cuaccounting req
Half year ended
30.06.16
£m
367
387
43
797
2,056
303
245
179
3,580
460
266
250
45
1,021
4,601
ed bonus charg
ne-off £429mnefit liability w
in redundancyy 2016
t operating in% to £3,335m
entive awardsurrent year bonquirements.
Half yearended
30.06.15£m
460 414
63
937 2,098
303 (191)174
3,321
533 69
307 62
971
4,292
ges
gain was aligned to
y and
come ratio ofm resulting in a
are not takennus charge for
r d
5 m
)
f a
n r
Financial
Barclays PLC
3. Ad
Infrastructure
Property and eDepreciation ofOperating leaseAmortisation oImpairment of
Total infrastru Other costs
Consultancy, leSubscriptions, Marketing, advTravel and accoProvisions for oProvisions for UOther administ
Total other cos
Total administ
Administratiocustomer redpartially offse
Statement
C – 2016 Interim
ministratio
costs
quipment
f property, plante rentals
of intangible asse property, equip
cture costs
egal and professpublications, sta
vertising and spoommodation ongoing investigUK customer redtration and gene
sts
tration and gene
on and generadress and provet by increases
t Notes
m Results
on and gen
t and equipment
ets ment and intang
sional fees
ationery and comonsorship
gations and litigadress eral expenses
eral expenses
al expenses hvisions for ongs in infrastructu
neral expe
t
gible assets
mmunications
ation primarily r
ave decreasedgoing investigaure costs and
63
nses
relating to Foreig
d 28% to £3,ations and litigother administ
gn Exchange
096m attributgation primaritration and ge
table to a decly relating to F
eneral expense
Half year ended
30.06.16
£m
562
242
235
301
82
1,422
539
333
207
68
-
400
127
1,674
3,096
crease in provForeign Excha
es.
Half yearended
30.06.15£m
566 237 183 291
53
1,330
446 366 228
97 790
1,032 9
2,968
4,298
visions for UKange. This was
r d 5
m
K s
Financial
Barclays PLC
4. He
The Group ap
On 1 March intended to bshareholder aBAGL resultinof BAGL’s shawell as Grourecognised un
Assets classifie
Cash and balan
Items in the co
Trading portfo
Financial asset
Derivative finan
Financial invest
Loans and adva
Loans and adva
Prepayments, a
Investments in
Property, plant
Goodwill
Intangible asse
Current and de
Retirement ben
Total
Balance of imp
Total agreed to
Liabilities class
Deposits from
Items in the co
Customer acco
Repurchase ag
Trading portfo
Financial liabilit
Derivative finan
Debt securities
Subordinated l
Accruals, defer
Provisions
Current and de
Retirement ben
Total liabilities
Statement
C – 2016 Interim
ld for sale
pplies IFRS 5 N
2016, Barclaybe to a level and regulatoryng in a transfeare capital. Th
up balances asnder IFRS 5 as
ed as held for sa
nces at central b
urse of collectio
lio assets
s designated at
ncial instrument
tments
ances to banks
ances to custom
accrued income
associates and
t and equipment
ets
eferred tax asset
nefit assets
pairment unalloc
o the consolidat
sified as held fo
banks
urse of collectio
ounts
reements and o
lio liabilities
ties designated
ncial instrument
s in issue
iabilities
rred income and
eferred tax liabili
nefit liabilities
s
t Notes
m Results
assets and
Non-current As
ys announcedwhich will pey approvals if er to non-conthe Barclays Afssociated withs at 30 June 20
ale
banks
on from other ba
fair value
ts
mers
and other asset
joint ventures
t
ts
cated under IFRS
ted balance she
or sale
on due to other b
other similar secu
at fair value
ts
d other liabilities
ties
d discontin
ssets Held for S
d its intention ermit deconso and as requirtrolling interesfrica disposal gh Africa Banki016.
anks
ts
S 5
eet
banks
ured borrowing
64
nued opera
Sale and Disco
to reduce thlidation from red. On 5 Mayts of £601m.
group includesing that are e
ations
ontinued Opera
e Group’s 62an accountin
y 2016 BarclaFollowing this
s all assets andexpected to fo
BarcAf
DispGr
2,
3,
5,
1,
3,4
1,
35,4
4
55,9
55,9
2,
33,4
3,
1,
7,
51,3
ations.
.3% interest ig and regulat
ays sold 12.2%s sale, Barclaysd liabilities of Borm part of th
clays frica
posal roup Oth
£m £
135
548 4
084
265 1,49
676 13
459 2,5
629 24
493 7,4
501
51
727
829
462 10
78 3
32
969 12,13
- (65
969 11,48
853
373 1
475 8,55
345
246
942 3,73
527 1
053
690
735
51
82
19
391 12,7
n BAGL. Thistory perspecti
% of the Grous’ interest reprBAGL and its she sale. No w
As a
30.06.1
her Tota
£m £m
17 2,152
40 588
- 3,084
91 6,756
31 1,807
18 5,977
42 1,87
28 42,92
21 522
22 73
80 807
10 839
04 566
32 110
- 32
36 68,105
52) (652
84 67,453
9 2,862
27 500
56 42,03
- 345
- 246
34 7,676
14 1,64
3 7,056
- 690
70 805
21 72
61 143
19 38
14 64,105
s reduction isve, subject top’s interest inresents 50.1%subsidiaries aswrite down is
at As at
6 31.12.15
al Total
m £m
2 21
8 24
4 -
6 696
7 -
7 1,230
1 74
1 5,513
2 47
3 10
7 128
9 -
6 43
0 22
2 -
5 7,808
2) (444)
3 7,364
2 -
0 74
1 4,000
5 -
6 -
6 1,821
1 3
6 -
0 -
5 39
2 34
3 (7)
8 33
5 5,997
s o n
% s s
t
5
l
m
)
)
Financial
Barclays PLC
The Barclays results, whicoperation on
Barclays Africa
Net interest inc
Net fee and com
Net trading inc
Net investment
Net premiums
Other income
Total income
Net claims and
Total income n
Credit impairm
Net operating
Staff costs
Administration
Depreciation of
Amortisation o
Operating exp
Share of post-t
Profit before ta
Tax
Profit after tax Attributable to
Equity holders
Non-controlling
Profit after tax Other compre
Available for sa
Currency trans
Cash flow hedg
Other compreh
The cash flow
Cash Flows fro
Net cash flows
Net cash flows
Net cash flows
Effect of excha
Net decrease i
Statement
C – 2016 Interim
Africa Disposh have been the face of the
a disposal group
come
mmission incom
ome
t income
from insurance
d benefits incurre
net of insurance
ment charges and
income
n and general ex
f property, plant
of intangible asse
enses
tax results of ass
ax
x
o:
of the parent
g interests
x
ehensive incom
ale assets
lation reserves
ge reserves
hensive income
ws attributed to
om discontinued
from operating
from investing
from financing
nge rates on cas
n cash and cash
t Notes
m Results
sal Group meepresented as e Group incom
p income statem
me
contracts
ed on insurance
e claims
d other provision
penses
t and equipment
ets
sociates and join
me relating to
e, net of tax from
o the discontin
d operations
activities
activities
activities
sh and cash equ
h equivalent
ets the require the profit aft
me statement,
ment
contracts
ns
t
nt ventures
discontinued
m discontinued
nued operation
uivalents
65
ements for prter tax and noare analysed in
operations is a
operations
ns are as follow
resentation ason-controllingn the income s
as follows:
ws:
a discontinueg interest in rstatement belo
ed operation. espect of theow.
Half year
ended
30.06.16
£m
982
479
130
21
164
8
1,784
(87)
1,697
(244)
1,453
(522)
(434)
(38)
(26)
(1,020)
2
435
(124)
311
156
155
311
Half year
ended
30.06.16
£m
1
534
43
578
Half year
ended
30.06.16
£m
(507)
459
(108)
527
371
As such, the discontinued
r d
Half yearended
6 30.06.15
m £m
1,011
541
112
28
163
4
1,859
) (81)
1,778
) (194)
1,584
) (572)
) (437)
) (42)
) (24)
) (1,075)
3
512
) (154)
358
193
165
358
r d
Half yearended
6 30.06.15
m £m
-
(235)
(21)
(256)
r d
Half yearended
6 30.06.15
m £m
) 594
(75)
) (101)
(280)
138
e d
r d
5
m
)
)
)
)
)
)
)
)
r d
5
m
)
)
)
r d
5
m
)
)
)
Financial
Barclays PLC
5. Tax
Current and de Current tax Deferred tax
Total
The deferred
The tax chareffective tax taxed at highintroduction non-creditabnon-taxable g
6. No
Barclays Bank P
- Preference sh
- Upper Tier 2 i
Barclays Africa
Other non-con
Total
Equity attributhe Group’s sGBP. These in
Statement
C – 2016 Interim
x
eferred tax asse
tax asset of £4
rge for H116 rate is higher
her local statuof a new tax sle taxes. Thesgains and inco
n-controll
PLC Issued:
hares
instruments
Group Limited
ntrolling interests
utable to non-cstake in BAGL increases were
t Notes
m Results
ets and liabilities
4,193m (2015
was £715m ( than the UK
utory tax ratessurcharge of 8se factors, wh
ome.
ing interes
s
controlling intincreasing the partially offse
s
5: £4,495m) m
(2015: £852mstatutory tax
s, provisions fo8% that applies
ich have each
sts
Prof
Halfe
30.0
terest increasee non-controllit by the redem
66
ainly relates to
m), representinrate of 20% (or UK customs to banks’ UK
h increased the
fit Attributable tcontrolling In
f year ended 06.16
Ha
30
£m
182
2
155
2
341
ed by £512m tng interest fro
mption of prefe
Assets
30.06.16 £m
437 4,193
4,630
o amounts in t
ng an effective2015: 20.25%
mer redress beK profits, non-de effective tax
to Non-terests
alf year
ended 0.06.15
£m
172
1
165
-
338
to £6,566m in om 37.6% to 4erence shares
s 31.12.15
£m 415
4,495 4,910
the US and UK
e tax rate of %) primarily du
ing non-dedudeductible exp rate, are part
As at
June 2016 dri9.9% and the issued by Barc
Liabi
30.06.16 £m
(886) (37)
(923)
.
34.7% (2015:ue to profits octible for tax
penses and losially offset by
Equity Attribcontr
t 30.06.16
£m
3,104
486
2,964
12
6,566
iven by the saappreciation o
clays Bank PLC
lities 31.12.15
£m
(903)(122)
(1,025)
: 32.7%). Theoutside the UK
purposes, thesses as well as the impact of
butable to Non-rolling Interests
As at 31.12.15
£m
3,654
486
1,902
12
6,054
le of 12.2% ofof ZAR againstC.
5 m
) )
)
e K e s f
-s
5
m
f t
Financial
Barclays PLC
7. Ear
Profit attributaTax credit on pTotal profit attroperations
Continuing opProfit attributaTax credit on pProfit attributa
Discontinued oProfit attributaDilutive impactProfit attributaconvertible opt Profit attributadilutive impact
Basic weightedNumber of potDiluted weight Basic earnings Basic earnings Basic earnings Diluted earningDiluted earningDiluted earning
1 The profit af
net amount
Statement
C – 2016 Interim
rnings per
ble to ordinary eprofit after tax atributable to ordi
erations ble to ordinary e
profit after tax atble to equity ho
operations ble to ordinary et of convertible oble to equity hotions
ble to equity hot on convertible
d average numbeential ordinary sed average num
per ordinary sha per ordinary sha per ordinary shags per ordinary sgs per ordinary sgs per ordinary s
fter tax attributabl of £150m (H115:
t Notes
m Results
share
equity holders ottributable to othinary equity hold
equity holders ottributable to othlders of the pare
equity holders ooptions from dislders of the pare
lders of the pareoptions
er of shares in isshares
mber of shares
are1
are from continuare from discontshare1
share from contshare from disco
le to other equity h£127m), along wit
f the parent fromher equity holdeders of the paren
f the parent fromher equity holdeent from continu
f the parent fromscontinued operent from discont
ent from continu
ssue
uing operationstinued operation
inuing operationontinued operat
holders of £208m th non-controlling
67
m continuing aners nt from continu
m continuing opers uing operations
m discontinued rations tinued operation
uing and discont
1
ns
ns1
ions
(H115: £159m) isg interests (NCI) is d
nd discontinued
ing and disconti
perations
operations
ns including dilu
tinued operation
s offset by a tax crdeducted from pro
operations
inued
utive impact on
ns including
redit recorded in reofit after tax in ord
Half year ended
30.06.16 £m
1,110 58
1,168
954 58
1,012
156 (2)
154
1,166
Half year
ended 30.06.16 millions 16,859
182 17,041
p
6.9 6.0 0.9 6.8 5.9 0.9
eserves of £58m (Hder to calculate ear
Half yearended
30.06.15 £m 1,611 32 1,643
1,418 32 1,450
193 - 193
1,643
Half yearended
30.06.15 millions 16,678 345 17,023 p 9.9 8.7 1.2 9.7 8.6 1.1
(H115: £32m). Thernings per share.
r d 5
m
r d 5 s
p
e
Financial
Barclays PLC
8. Div
It is Barclays 2016, an inte2016.
Dividends paid
Final dividend p
Interim dividen
9. Fin
Available for sa
Debt securitie
Equity securit
Held to maturit
Financial inves
In June 2016 order to reflec
Statement
C – 2016 Interim
vidends on
policy to declerim dividend f
d during the per
paid during peri
nd paid during p
nancial inve
ale investments
es and other elig
ies
ty investments
stments
£5.0bn of UK Gct the intentio
t Notes
m Results
n ordinary s
are and pay dfor 2016 of 1p
riod
od
eriod
estments
ible bills
Gilts previousln with these a
shares
dividends on a p (H115: 2p) p
y classified as assets.
68
semi-annual er ordinary sh
available for s
basis. The Bohare to shareho
Half year en
Per share
p
3.5
-
sale investmen
oard has decidolders on the s
ded 30.06.16
Total
£m
588
-
nts, were reclas
ed to pay on share register
Half year e
Per share
p
3.5
1.0
As at
30.06.16
£m
77,617
476
5,007
83,100
ssified to held
19 September on 12 August
ended 30.06.15
Total
£m
578
168
As at
31.12.15
£m
89,278
989
-
90,267
to maturity in
r t
5
l
m
t
5
m
Financial
Barclays PLC
10. De
As at 30.06.16
Foreign exchan
Interest rate de
Credit derivativ
Equity and stoc
Derivative asse
Derivatives in
Derivatives des
Derivatives des
Derivatives des
Derivative asse
Total recognis
As at 31.12.15
Foreign exchan
Interest rate de
Credit derivativ
Equity and stoc
Derivative asse
Derivatives in
Derivatives des
Derivatives des
Derivatives des
Derivative asse
Total recognis Derivative asforward inter
The IFRS nettbe £405bn (2counterparty £413bn (201addition, nonplaced in resinclude over-
Of the £50bnincluded in cadvances to b
Statement
C – 2016 Interim
erivative fin
6
nge derivatives
erivatives
ves
ck index and com
ets/(liabilities) h
Hedge Account
signated as cash
signated as fair v
signated as hedg
ets/(liabilities) d
ed derivative as
5
nge derivatives
erivatives
ves
ck index and com
ets/(liabilities) h
Hedge Account
signated as cash
signated as fair v
signated as hedg
ets/(liabilities) d
ed derivative as
sets increasedrest rates and f
ting posted ag2015: £295bn) or for which t
15: £295bn) ln-cash collaterspect of derivacollateralisatio
n cash collateracustomer accobanks and £39
t Notes
m Results
nancial ins
mmodity derivat
held for trading
ting Relationshi
h flow hedges
value hedges
ges of net invest
designated in h
ssets/(liabilities
mmodity derivat
held for trading
ting Relationshi
h flow hedges
value hedges
ges of net invest
designated in h
ssets/(liabilities
d by £117bn tforeign exchan
gainst derivativ) lower than rethe Group holower reflectinral of £9bn (2ative liabilitieson.
al held, £32bnounts. Of the 9bn (2015: £22
struments
tives
g
ps
tments
edge accountin
s)
tives
g
ps
tments
edge accountin
s)
to £445bn primnge derivatives
ve assets and eported under lds cash collat
ng counterpar2015: £7bn) w. Collateral a
n (2015: £28bn £58bn cash 2bn) was inclu
69
ng relationships
ng relationships
marily due to s due to appre
liabilities was IFRS if nettingteral of £50bnrty netting anwas held in resamounts are li
n) was includecollateral plac
uded in loans a
3
36
s
37
2
29
s
29
interest rate dciation of majo
£18bn (2015:g were permitt (2015: £35bnd cash collatespect of derivaimited to net
ed in deposits ced, £19bn (2and advances t
Contract Notional Amount
£m
3,854,750
1,034,871
1,015,204
960,565
6,865,390
145,925
156,516
7,286
309,727
7,175,117
3,224,714
4,485,126
948,646
778,616
9,437,102
163,386
151,264
1,955
316,605
9,753,707
derivatives refor currencies a
: £8bn). Derivated for assets n). Similarly, deral placed ofative assets aon balance sh
from banks an2015: £13bn) to customers.
Fair V
Assets
£m
72,692
332,937
16,326
22,262
444,217
509
438
16
963
445,180
54,798
230,627
18,181
23,166
326,772
300
637
-
937
327,709
flecting a decragainst GBP.
ative asset expand liabilities werivative liabilf £58bn (201nd £7bn (201heet exposure
nd £18bn (201was included
Value
Liabilities
£m
(75,487)
(323,622)
(14,560)
(27,031)
(440,700)
(7)
(1,032)
(578)
(1,617)
(442,317)
(58,709)
(220,732)
(16,624)
(27,723)
(323,788)
(115)
(296)
(53)
(464)
(324,252)
rease in major
posures wouldwith the sameities would be5: £35bn). In5: £5bn) was
e so as to not
15: £7bn) was in loans and
s
m
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
r
d e e n s t
s d
Financial
Barclays PLC
11. Fai
This section sprovides morvaluation conadopted or th Valuation The following(fair value hie
As at 30.06.16
Trading portfo
Financial asset
Derivative finan
Available for sa
Investment pro
Assets included
Total assets
Trading portfo
Financial liabilit
Derivative finan
Liabilities inclu
Total liabilities
As at 31.12.15
Trading portfo
Financial asset
Derivative finan
Available for sa
Investment pro
Assets included
Total assets
Trading portfo
Financial liabilit
Derivative finan
Liabilities inclu
Total liabilities
1 Assets and ldispose of BA
Statement
C – 2016 Interim
ir value of
should be readre detail about ntrol frameworhe valuation m
g table shows terarchy) and b
6
lio assets
s designated at
ncial instrument
ale investments
operty
d in disposal gro
lio liabilities
ties designated
ncial instrument
ded in disposal g
s
5
lio assets
s designated at
ncial instrument
ale investments
operty
d in disposal gro
lio liabilities
ties designated
ncial instrument
ded in disposal g
s
liabilities where thAGL and the Italia
t Notes
m Results
assets and
d in conjunctio accounting pork which gove
methodologies
the Group’s asalance sheet c
fair value
ts
oups classified a
at fair value
ts
groups classified
fair value
ts
oups classified a
at fair value
ts
groups classified
he carrying value isn and French retai
d liabilities
on with Note 1olicies adoptedrns oversight oused.
ssets and liabilclassification:
as held for sale1
d as held for sale
as held for sale1
d as held for sale
s lower than the fail business.
70
8 Fair value ofd, valuation mof valuations. T
lities that are h
Quotemarkeprice
(Level 1
£m
31,714
3,805
6,024
32,906
-
6,261
80,710
(18,643
(266
(5,501
e1 (408
(24,818
£m
36,676
6,163
6,342
42,552
-
26
91,759
(23,978
(240
(5,450
e1 (1,024
(30,692
fair value are repor
f assets and liamethodologies
There have be
held at fair valu
Valuation tech
d et es Observable
) (L
m
4 4
5
4 43
6 4
-
1
0 59
3) (1
6) (11
) (43
8)
8) (56
m
6 3
3 5
2 3
2 4
-
6
9 45
8)
0) (9
0) (31
4)
2) (41
rted in the amortis
abilities of the used in calculaen no changes
ue disaggregat
hnique using
e inputs
Sunob
Level 2)
£m
40,007
74,065
32,385
44,729
-
6,873
98,059
14,000)
12,914)
30,510)
(5,416)
62,840)
£m
35,725
52,909
15,949
46,693
-
8
51,284
(9,989)
90,203)
14,033)
(802)
15,027)
sed cost table. Th
2015 Annual Rating fair values in the accou
ted by valuatio
ignificant bservable
inputs
(Level 3)
£m
4,822
11,013
6,771
458
86
7,424
30,574
-
(918)
(6,306)
(8,525)
(15,749)
£m
4,947
17,758
5,418
1,022
140
7,330
36,615
-
(1,302)
(4,769)
(4,171)
(10,242)
e increase is due t
Report, which e and the nting policies
on technique
Total
£m
76,543
88,883
445,180
78,093
86
20,558
709,343
(32,643)
(114,098)
(442,317)
(14,349)
(603,407)
£m
77,348
76,830
327,709
90,267
140
7,364
579,658
(33,967)
(91,745)
(324,252)
(5,997)
(455,961)
to the intention to
l
m
)
)
)
)
)
m
)
)
)
)
)
o
Financial
Barclays PLC
The following(fair value hie
As at 30.06.16
Interest rate de
Foreign exchan
Credit derivativ
Equity derivativ
Commodity deGovernment andebt
Corporate debtCertificates of dand other monReverse repurcagreements
Non-asset back
Asset backed s
Commercial re
Issued debt
Equity cash pro
Funds and fund
Physical comm
Assets and liab
Other1
Total As at 31.12.15
Interest rate de
Foreign exchan
Credit derivativ
Equity derivativ
Commodity deGovernment andebt
Corporate debtCertificates of dand other monReverse repurcagreements
Non-asset back
Asset backed s
Commercial re
Issued debt
Equity cash pro
Funds and fund
Physical comm
Assets and liab
Other1
Total
1 Other includ
Statement
C – 2016 Interim
g table shows terarchy) and p
6
erivatives
nge derivatives
ves
ves
erivatives nd government
t deposit, comme
ney market instruchase and repurc
ked loans
securities
al estate loans
oducts
d linked product
modities
bilities held for sa
5
erivatives
nge derivatives
ves
ves
erivatives nd government
t deposit, comme
ney market instruchase and repurc
ked loans
securities
al estate loans
oducts
d linked product
modities
bilities held for sa
des private equity in
t Notes
m Results
the Group’s asproduct type:
m
sponsored
ercial paper uments chase
ts
ale
sponsored
ercial paper uments chase
ts
ale
nvestments, asset
ssets and liabil
Valuatio
Quoted
market prices (Level 1)
£m
-
-
-
3,382
2,642
40,472
158
-
-
-
-
-
-
27,790
-
-
6,261
5
80,710
-
2
-
3,830
2,510
55,150
352
82
-
-
-
-
-
29,704
-
87
26
16
91,759
t backed loans and
71
lities that are h
Assets
on technique us
Observable inputs
(Level 2) £m
329,870
72,938
14,152
10,567
4,858
60,640
12,366
778
72,770
2,894
2,603
-
-
5,439
292
8
6,873
1,011
598,059
228,751
54,839
16,279
9,279
6,801
52,967
11,598
503
49,513
1,931
12,009
-
-
4,038
1,649
156
8
963
451,284
d investment prope
held at fair valu
sing
Significant unobservable
inputs (Level 3)
£m
3,689
95
2,174
756
57
285
3,198
-
-
9,959
671
590
-
186
290
-
7,424
1,200
30,574
2,675
95
1,902
690
56
419
2,895
-
-
16,828
770
551
-
171
378
-
7,330
1,855
36,615
erty.
ue disaggregat
Valua
Quoted market prices
(Level 1) £m
-
-
-
(2,897)
(2,604)
(9,975)
(227)
-
-
-
-
-
-
(8,707)
-
-
(408)
-
(24,818)
-
(4)
-
(2,870)
(2,576)
(15,036)
(234)
(5)
-
-
-
-
-
(8,943)
-
-
(1,024)
-
(30,692)
ted by valuatio
Liabilities ation technique
Observableinputs
(Level 2) £m
(320,778)
(76,016)
(14,326)
(14,419)
(4,971)
(9,422)
(3,150)
(7,207)
(74,946)
-
(627)
-
(30,075)
(940)
(239)
(106)
(5,416)
(202)
(562,840)
(218,864)
(58,594)
(16,405)
(14,037)
(6,133)
(5,474)
(4,558)
(6,955)
(50,838)
-
(384)
-
(29,695)
(221)
(1,601)
-
(802)
(466)
(415,027)
on technique
using
Significantunobservable
inputs(Level 3)
£m
(3,798)
(134)
(234)
(1,736)
(404)
-
-
(272)
-
-
(67)
-
(354)
-
(31)
-
(8,525)
(194)
(15,749)
(2,247)
(196)
(219)
(1,545)
(562)
(1)
(15)
(382)
-
-
(37)
-
(546)
-
(148)
-
(4,171)
(173)
(10,242)
t e s )
m
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Financial
Barclays PLC
Assets and lia
There were nderivatives fro
Level 3 move
The followingand includes the period. Tr
Assets and liavalue on a no
Asset and liabactivity relateas Level 3 if a
During the peof LOBO term
Statement
C – 2016 Interim
abilities reclas
no transfers dom Level 1 to
ement analysis
g table summa amounts for aransfers have b
abilities includon-recurring ba
bility moves beed to an input oan unobservab
eriod, £8.1bn oms on the ESHL
t Notes
m Results
ssified betwee
during the perLevel 2).
s
arises the movall financial asbeen reflected
ded in disposaasis.
etween Level 2or ii) a change
ble input is dee
of non-asset bLA loans. The n
en Level 1 and
riod (2015: £5
vements in thesets and liabil
d as if they had
al groups class
2 and Level 3 ae in the significmed significan
acked loans mnew restructu
72
d Level 2
537m assets
e Level 3 balanities that are h
d taken place a
sified as held f
are primarily dcance of the unnt.
moved out of fared loans will b
and £801m li
nce during the held at fair valuat the beginnin
for sale are no
ue to i) an incnobservable in
air value Level be measured o
iabilities of eq
period. The taue transferred
ng of the year.
ot included as
rease or decrenput, with asse
3 assets. This on an amortise
quity and fore
able shows gad to and from L
s these are me
ease in observaets and liabilitie
was due to thed cost basis.
eign exchange
ins and lossesLevel 3 during
easured at fair
able market es classified
he restructure
e
s g
r
Financial
Barclays PLC
Government andgovernment spondebt
Corporate debt
Asset backed sec
Non-asset backeFunds and fund lproducts
Other Trading portfolioassets
Commercial real loans
Non-asset backeloans1
Asset backed loaPrivate equity investments
Other Financial assets designated at fai
Government andgovernment spondebt
Other Available for saleinvestments
Investment prop
Certificates of decommercial papeother money market instruments
Issued debt
Other Financial liabilitiedesignated at fai
Interest rate deriv
Credit derivatives
Equity derivatives
Commodity derivForeign exchangederivatives Net derivative fininstruments2
Total
1 The £1.7bn
derivative in2 The derivati
derivative fin
Statement
C – 2016 Interim
As 01.01.1
£ nsored
320
2,882
curities 743
d loans 507
inked 340
155
o 4,947
estate 549
d 16,256
ans 256
510
187
ir value 17,758
nsored
94
928
e 1,022
perty 140
eposit,
er and (383
(565
(354
es ir value
(1,302
vatives 428
s 1,683
s (855
vatives (506
e (10
nancial 649
23,214
trading income (Juterest rate hedgesve financial instrunancial liabilities ar
t Notes
m Results
at 16 Purchases
m £m 0 -
2 66
3 56
7 116
0 -
5 7
7 245
9 785
6 -
6 20
0 21
7 4
8 830
4 -
8 11
2 11
0 -
3) -
5) -
4) -
2) -
8 (36)
3 10
5) 61
6) 5
1) -
9 40
4 1,126
une 2015: £0.9bn s. uments are represe
re £6,306m (June 2
Sales Iss
£m (34)
(20)
(230)
(275)
(47)
(22)
(628)
(779)
(297)
(203)
(102)
(110)
(1,491)
(94)
(528)
(622)
(57)
- (
-
-
- (
(22)
(4)
- (8
-
-
(26) (8
(2,824) (9
loss) on the ESHLA
ented on a net ba2015: £3,280m).
73
ues Settlements
£m £m - -
- (104)
- (12)
- -
- (286)
- (68)
- (470)
- (10)
- (8,111)
- (17)
- (1)
- (5)
- (8,144)
- -
- (23)
- (23)
- -
17) 114
- 203
- 113
17) 430
- (189)
- (10)
82) 51
- 48
- (44)
82) (144)
99) (8,351)
A loan portfolio is
sis. On a gross ba
Total gains and loin the period
recognised in tincome stateme
Trading income in
£m (1)
367
71
(29)
296
10
714
45
1,695
25
5
(23)
1,747
-
-
-
-
-
8
(26)
(18)
(77)
264
(131)
61
11
128
2,571
offset by a £2.1bn
asis, derivative fina
osses d the ent
Total gains or losses
recognised in OCI
Other ncome
£m £m - -
- -
- -
- -
- -
- -
- -
- -
- -
- -
85 -
110 -
195 -
- -
6 41
6 41
3 -
(19) -
- -
(2) -
(21) -
- -
- -
- -
- -
- -
- -
183 41
n loss (June 2015:
ancial assets are £
Transfers
In
£m -
18
43
18
-
1
80
-
82
-
4
70
156
-
30
30
-
(29)
-
(61)
(90)
(187)
(3)
(50)
25
20
(195)
(19)
£0.8bn gain) on t
£6,771m (June 20
As at30.06.16Out
£m £m - 285
(11) 3,198
- 671
(3) 334
(13) 290
(39) 44
(66) 4,822
- 590
- 9,625
- 81
- 522
(38) 195
(38) 11,013
- -
(7) 458
(7) 458
- 86
62 (272)
- (354)
38 (292)
100 (918)
(26) (109)
- 1,940
26 (980)
20 (347)
75 (39)
95 465
84 15,926
the related Level 2
15: £3,607m) and
t 6
m
)
)
)
)
)
)
)
)
2
d
Financial
Barclays PLC
Government andgovernment spondebt
Corporate debt
Asset backed sec
Non-asset backeFunds and fund lproducts
Other
Trading portfolio
Commercial real loans
Non-asset backe
Asset backed loaPrivate equity investments
Other Financial assets designated at fai
Asset backed secGovernment andgovernment spondebt
Other Available for saleinvestments
Investment prop
Trading portfolioliabilities
Certificates of decommercial papeother money marinstruments
Issued debt
Other
Financial liabilitiedesignated at fai
Interest rate deriv
Credit derivatives
Equity derivatives
Commodity derivForeign exchangederivatives
Net derivative fininstruments2
Total
1 The £1.7bn derivative in
2 The derivatiderivative fin
Statement
C – 2016 Interim
A01.01
nsored
68
3,02
curities 1,61
d loans 27
inked 58
14
o assets 6,32
estate 1,17
d loans1 17,47
ans 39
70
16
ir value 19,90
curities
nsored
32
98
e 1,31
perty 20
o (34
eposit, er and rket
(6
(7
(4
es ir value
(1,8
vatives (1
s 1,55
s (8
vatives (1
e (
nancial 42
26,01
trading income (Juterest rate hedgesve financial instrunancial liabilities ar
t Notes
m Results
s at.15 Purchases
£m £m85 27
26 112
10 1,305
73 171
89 -
44 71
27 1,686
79 1,538
71 -
93 470
01 72
61 2
05 2,082
1 -
27 195
85 11
13 206
07 -
49) -
66) -
48) -
02) -
16) -
05) -
57 276
45) 138
52) -
30) -
25 414
12 4,388
une 2015: £0.9bn s. uments are represe
re £6,306m (June 2
Sales Issues
£m £m(28) -
(66) -
(1,274) -
(217) -
(7) -
(15) -
(1,607) -
(1,916) -
- -
(444) -
(110) -
(4) -
(2,474) -
- -
(203) -
(32) -
(235) -
(65) -
- -
- (35)
- (1)
- -
- (36)
(4) -
(12) -
- (352)
- -
(1) (3)
(17) (355)
(4,398) (391)
loss) on the ESHLA
ented on a net ba2015: £3,280m).
74
s Settlements
Tth
m £m (2)
-
(549)
(3)
(32)
(9)
(595)
(185)
(364)
-
(2)
-
(551)
-
-
-
-
-
-
) -
) 130
-
) 130
(46)
(6)
) 96
8
) 25
) 77
) (939)
A loan portfolio is
sis. On a gross ba
Total gains and losshe period recognisthe income statem
Tradingincome
Oinc
£m(12)
53
60
(12)
(50)
(2)
37
(6)
(925)
6
2
(10)
(933)
-
-
-
-
-
-
-
22
(7)
15
18
(321)
101
16
9
(177)
(1,058)
offset by a £2.1bn
asis, derivative fina
ses in ed in
ment
Total gains or losses
recognised in OCI Other
come
£m £m - -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(22) -
2 -
(20) -
- -
- 3
499 17
499 20
14 -
- -
(9) -
- -
56 -
47 -
- -
- -
- -
- -
- -
- -
540 20
n loss (June 2015:
ancial assets are £
Transfers
In
£m15
2
56
-
20
-
93
-
-
-
-
-
-
-
-
19
19
-
(14)
(397)
(163)
-
(560)
(40)
(11)
(30)
(241)
(21)
(343)
(805)
£0.8bn gain) on t
£6,771m (June 20
As at30.06.15Out
£m £m(142) 543
(91) 3,036
(24) 1,184
- 212
- 520
- 189
(257) 5,684
- 610
- 16,182
(1) 424
- 641
- 151
(1) 18,008
(1) -
- 322
(17) 1,482
(18) 1,804
- 156
348 (15)
249 (858)
15 (745)
10 (343)
274 (1,946)
138 (39)
- 1,483
18 (874)
123 (246)
24 3
303 327
649 24,018
the related Level 2
15: £3,607m) and
t 5
m
)
)
)
)
)
)
)
)
2
d
Financial
Barclays PLC
Unrealised g
The followingliabilities held
Trading portfo
Financial asset
Available for sa
Investment pro
Financial liabilit
Net derivative f
Total
Valuation te Sensitivity anreasonably potechniques usalternative m Current year vand liabilities
Statement
C – 2016 Interim
gains and los
g table disclosed at fair value a
lio assets
s designated at
ale investments
operty
ties designated
financial instrum
echniques an
alysis is perforossible alternased, as well asodels.
valuation and in the 2015 A
t Notes
m Results
sses on Leve
es the unrealisat the period e
fair value
at fair value
ments
nd sensitivity
rmed on produative valuationss the availabilit
sensitivity meAnnual Report.
el 3 financial
sed gains and nd.
Incom
Tradinco
4
7
(
1
1,2
y analysis
ucts with signis. The sensitivty and reliabilit
ethodologies a
75
assets and l
losses recogn
As at 30
me statement
ding ome
Other income
£m £m
400 -
764 166
- 33
- 3
(24) (17)
10 -
250 185
ificant unobseity methodolo
ty of observabl
re consistent w
iabilities
ised in the per
.06.16
Other compre- hensive income T
£m
- 4
- 9
41
-
- (
- 1
41 1,
ervable inputs (ogies applied tale proxy and h
with those des
riod arising on
Total
Income st
Trading income
£m £m
400 (55)
930 (763)
74 -
3 -
(41) 16
110 (267)
476 (1,069)
(Level 3) to geake account ofistorical data a
scribed within
Level 3 financ
As at 30.06.
tatement O
comheninc
Other income
£m
-
(70)
470
(8)
50
-
442
enerate a rangef the nature ofand the impac
Note 18 Fair v
cial assets and
15
Other mpre- nsive come Total
£m £m
- (55)
- (833)
42 512
- (8)
- 66
- (267)
42 (585)
e of f valuation ct of using
value of assets
d
l
m
)
)
)
)
)
Financial
Barclays PLC
Sensitivity ana
Product type
As at 30.06.16
Interest rate de
Foreign exchan
Credit derivativ
Equity derivativ
Commodity deGovernment ansponsored deb
Corporate debtCertificates of dpaper and otheinstruments
Non-asset back
Asset backed s
Commercial re
Issued debt
Equity cash pro
Funds and fund
Other1
Total2
As at 31.12.15
Interest rate de
Foreign exchan
Credit derivativ
Equity derivativ
Commodity deGovernment ansponsored deb
Corporate debtCertificates of dpaper and otheinstruments
Non-asset back
Asset backed s
Commercial re
Issued debt
Equity cash pro
Funds and fund
Other1
Total2 1 Other includ2 Assets and li
Statement
C – 2016 Interim
alysis of valuatio
6
erivatives
nge derivatives
ves
ves
erivatives nd government
bt
t deposit, commeer money marke
ked loans
securities
al estate loans
oducts
d linked product
5
erivatives
nge derivatives
ves
ves
erivatives nd government
bt
t deposit, commeer money marke
ked loans
securities
al estate loans
oducts
d linked product
des private equity inliabilities included i
t Notes
m Results
ons using unobs
ercial et
ts
ercial et
ts
nvestments, asset in disposal groups
servable inputs
Fair value
Total assets
£m
3,689
95
2,174
756
57
285
3,198
-
9,959
671
590
-
186
290
1,200
23,150
2,675
95
1,902
690
56
419
2,895
-
16,828
770
551
-
171
378
1,855
29,285
t backed loans ands classified as held
76
e
Total liabilities
£m
(3,798)
(134)
(234)
(1,736)
(404)
-
-
(272)
-
(67)
-
(354)
-
(31)
(194)
(7,224)
(2,247)
(196)
(219)
(1,545)
(562)
(1)
(15)
(382)
-
(37)
-
(546)
-
(148)
(173)
(6,071)
d investment prope for sale are not in
Favourable
Income statement
£m
101
15
61
178
8
1
9
-
1,103
2
2
-
-
6
247
1,733
93
17
66
167
13
4
10
-
1,581
1
24
-
-
1
154
2,131
erty. cluded as these ar
changes
Equity £m
-
-
-
-
-
-
-
-
-
-
-
-
5
-
57
62
-
-
-
-
-
-
1
-
-
-
-
-
17
-
318
336
re measured at fair
Unfavourab
Income statement
£m
(110)
(15)
(57)
(194)
(8)
(1)
(4)
-
(1,140)
(1)
(2)
-
-
(6)
(244)
(1,782)
(103)
(17)
(96)
(185)
(13)
(4)
(5)
-
(1,564)
(1)
(1)
-
-
(1)
(172)
(2,162)
r value on a non-re
ble changes
Equity £m
-
-
-
-
-
-
-
-
-
-
-
-
(5)
-
(65)
(70)
-
-
-
-
-
-
(1)
-
-
-
-
-
(17)
-
(53)
(71)
recurring basis.
y m
)
)
)
)
)
Financial
Barclays PLC
Significant u
The valuationas Level 3 aresignificant unassets or liabof the 2015 Athese are mea
Fair value a Key balance s
Bid-offer valuat
Other exit adju
Uncollateralise
Derivative cred
- Monolines
- Other derivat
Derivative debi
Uncollate
Credit Va
Debit Va
Portfolio ex The Group usassets and liaasset) for a porderly transathe Group mewould price t Unrecognis The amount tvalue at initiaused on initia£35m) and £5 Third party Structured anFederal Depobanks pay forunder the IASbrokered cert
Statement
C – 2016 Interim
unobservabl
n techniques ae consistent wnobservable inilities to increa
Annual Report.asured at fair v
djustments
sheet valuation
tion adjustment
ustments
d derivative fund
dit valuation adj
tive credit valuat
t valuation adju
eralised deriva
aluation Adjus
aluation Adjust
xemption
ses the portfoliabilities. Instruarticular risk eaction betweeneasures the faihe net risk exp
ed gains as a
that has yet toal recognition)al recognition, 5m (2015: £31
credit enhan
nd brokered cesit Insurance r deposit insuraS 39 fair value tificates of dep
t Notes
m Results
le inputs
nd significant ith Note 18 Faputs and the s
ases in signific. Assets and liavalue on a non
n adjustments
ts
ding
justments:
tion adjustment
stments
ative funding in
stments (CVA)
tments (DVA)
io exemption iuments are mexposure or to n market particr value of the g
posure at the m
a result of th
o be recognised) and the amoless amountsm) of amortis
ncements
ertificates of deCorporation (Fance coveragoption include
posit amounted
unobservable air value of asssensitivity of faant unobservaabilities includn-recurring bas
are quantified
ts
ncreased by £3
decreased by
increased by £
n IFRS 13 Fair easured using transfer a net
cipants at the group of finan
measurement d
he use of valu
d in income thunt that woulds subsequentlysation and rele
eposit issued bFDIC) in the Une. The carrying
es this third pad to £4,017m
77
inputs for assets and liabilit
air value measuable inputs is aed in disposal sis.
d below:
35m to £107m
y £13m to £314
£207m to £39
Value Measurthe price that
t short positionbalance sheet cial assets anddate.
uation mode
hat relates to thd have arisen hy recognised, iseases.
by Barclays Gronited States. Tg value of thes
arty credit enha(2015: £3,729m
sets and liabilitties in the 2015urement of the
also found in N groups classif
m as a result of
4m as a result
6m as a result
rement to mea would be recen (i.e. a liability date under cd liabilities con
els using uno
he difference bhad valuation ms £96m (2015:
oup are insuredThe FDIC is funse issued certifancement. Them).
ties recognised5 Annual Repoe instruments
Note 18 Fair vafied as held for
f widening in B
t of reduction i
t of a widening
sure the fair vaeived to sell a ny) for a particucurrent marketnsistently with
observable in
between the tramodels using u: £101m). Ther
d up to $250,0nded by premiuficates of depoe on balance s
d at fair value aort. The descrip categorised as
alue of assets ar sale are not i
30.06.16
£m
(396)
(158)
(107)
-
(314)
396
Barclays fundin
n monoline ex
g in Barclays cr
alue of groupsnet long positiolar risk exposu
t conditions. Ah how market p
nputs
ansaction priceunobservable ire are no addit
000 per deposiums that Barclosit that are desheet value of t
and classified ption of the s Level 3
and liabilities ncluded as
31.12.15
£m
(360)
(149)
(72)
(9)
(318)
189
ng spreads
xposure
redit spreads
s of financial on (i.e. an
ure in an Accordingly,
participants
e (the fair inputs been tions (2015:
itor by the ays and other
esignated these
5
m
)
)
)
)
)
Financial
Barclays PLC
Comparison Valuation meare consisten The followingbalance sheet
Financial asset
Held to maturit
Loans and adva
Loans and adva
-Home loans
-Credit cards, u
-Finance lease
-Corporate loan
Reverse repurc
Assets included
Financial liabil
Deposits from
Customer acco
-Current and d
-Savings accou
-Other time de
Debt securities
Repurchase ag
Subordinated l
Liabilities inclu 1 In June 2016
with these a2 Assets and l
business.
12. Subo Opening balanIssuances Redemptions Other
Total dated an SubordinatedSubordinatedUndated Subo£1,492m primreclassified to
Statement
C – 2016 Interim
n of carrying
ethodologies ent with the 201
g table summat:
ts
ty1
ances to banks
ances to custom
unsecured and o
receivables
ns
chase agreement
d in disposal gro
ities
banks
ounts:
emand account
unts
posits
s in issue
reements and o
iabilities
ded in disposal g
6 £5.0bn of UK Giltassets. liabilities where th
ordinated
ce as at 1 Janua
nd undated subo
d liabilities incrd Notes. Partiaordinated Not
marily due to to held for sale.
t Notes
m Results
g amounts an
mployed in ca5 Annual Rep
arises the fair v
mers:
other retail lendi
ts and other sim
oups classified a
ts
other similar secu
groups classified
ts previously classif
he carrying value i
liabilities
ry
ordinated liabilit
reased 6% to £l redemptions es and £145mhe appreciatio.
nd fair values
alculating the fort disclosure.
value of financ
ng
milar secured len
as held for sale2
ured borrowing
d as held for sale
fied as available fo
is lower than the
ties as at period
£22,650m (De include £278m
m 5.75% Fixed on of USD and
78
s for assets a
fair value of fin.
cial assets and
nding
e2
or sale investments
fair value. The am
d end
c 15: £21,467m 6.86% CallaRate Subordin EUR against G
and liabilities
nancial assets a
liabilities mea
As at 30
Carrying amount
£m
5,007
48,117
144,994
56,702
1,643
221,987
20,216
46,895
(62,386)
(130,142)
(130,331)
(178,057)
(66,172)
(25,418)
(22,650)
(49,756)
s, were reclassified
mounts relate to th
m). There wasable Perpetual nated Notes. OGBP, offset by £
s not held at
and liabilities m
sured at amor
0.06.16
Fair Value
£m
5,429
48,098
140,214
56,277
1,642
220,348
20,216
46,895
(62,386)
(130,142)
(130,351)
(178,144)
(66,604)
(25,418)
(22,668)
(49,756)
d to held to maturi
he intention to dis
s an issuance oCore Tier One
Other movemen£616m BAGL s
fair value
measured at a
rtised cost on t
As at 3
Carrying amount
£m
-
41,349
155,863
67,840
4,776
170,738
28,187
-
(47,080)
(147,122)
(135,567)
(135,553)
(69,150)
(25,035)
(21,467)
-
ity in order to refle
spose of BAGL and
As at 30.06.16
£m 21,467
854 (583) 912
22,650
of £854m 5.20e Notes, £160mnts include an subordinated
mortised cost
the Group’s
1.12.15
Fair Value
£m
-
41,301
151,431
67,805
4,730
169,697
28,187
-
(47,080)
(147,121)
(135,600)
(135,796)
(69,863)
(25,035)
(22,907)
-
ect the intention
d the Asia Wealth
As at31.12.15
£m21,153
1,138 (682)(142)
21,467
0% Fixed Rate m 6.125% increase of liabilities
e
m
)
)
)
)
)
)
)
h
t 5
m ) )
Financial
Barclays PLC
13. Pro
UK Customer R - Payment ProOther customeLegal, competitRedundancy anUndrawn contrOnerous contraSundry provisioTotal Payment Pro
As at 30 Junethe cost of PDecember 20
In the half yeaprocessed. ThThis rate of d An additionalto ongoing re As at 30 Junepossible the elevels in respe The provisionjudgement an
Customercustomer
Proactive
Uphold ra
Average cpolicy/po
Processin
These assuminclude comp
The followingprovision calcprove too hig
1 Total claims
mailing. 2 Gross volum
Statement
C – 2016 Interim
ovisions
Redress otection Insurancer redress tion and regulatnd restructuringractually commiacts ons
otection Insura
e 2016, BarclaPayment Prote015: £5.3bn), le
ar ended to 30he volume of c
decline was slo
l charge of £0.emediation pro
e 2016, the totaeventual outcoect of the com
n is calculated nd modelling:
r initiated claimrs where the vo
response rate
ate – the perce
claim redress –olicies
ng cost per clai
mptions remainplaints driven b
g table detailsculation and a
gh or too low.
s received to date,
mes received.
t Notes
m Results
ce redress
tory matters g itted facilities an
ance Redress
ays had recognection Insuraneaving a residu
0 June 2016, 1.claims receivedwer than prev
.4bn has been ogrammes, inc
al provision ofome may differ
mplaints deadlin
using a numb
m volumes – colume is antici
e – volume of c
entage of claim
– the expected
im – the cost t
n subjective, by claims man
s by key assua sensitivity an
including those re
nd guarantees
nised cumulatnce (PPI) redrual provision o
.7m (31 Decemd during H1 20
viously recorde
recognised tocluding those m
f £2bn represer from the curne proposed b
ber of key assu
claims receiveipated to decli
claims in respo
ms that are uph
d average paym
to Barclays of a
in particular dagement com
mption, actuanalysis illustrat
eceived via CMCs
79
tive provisionsess and assoc
of £2.0bn (31 D
mber 2015: 1.6016 decreaseded but in line w
o reflect an updmanaged by th
nts Barclays’ brent estimate.
by the FCA, wh
mptions which
d but not yet pne over time
onse to proacti
held as being v
ment to custom
assessing and
due to the unpany (CMC) a
al data througting the impac
but excluding tho
s totalling £7.8ciated processDecember 201
6m) customer d 4%2 from H2with expectatio
dated estimatehird parties rel
best estimate o We will contin
hich is still pen
h continue to i
processed plu
ive mailing
valid upon revi
mers for uphel
processing ea
ncertainty assactivity.
gh to 30 June ct on the prov
ose for which no P
30
8bn (31 Decemsing costs wit15: £2.1bn).
initiated claim 2015 (increas
ons.
e of cost of PPating to a port
of expected PPnue to review tding confirma
involve signific
s an estimate
ew
d claims based
ach valid claim
ociated with
2016, forecasvision if the fu
PPI policy exists an
As at
0.06.16 £m
1,951
830 474 258
59 144 272
3,988
mber 2015: £7th utilisation o
ms1 had been rsed by 1% from
I redress, primtfolio previous
PI redress. Howthe adequacy
ation.
cant managem
of future claim
d on the type a
future claims
st assumptionuture expected
nd excluding respo
As at31.12.15
£m
2,106 896 489 186
60 141 264
4,142
7.4bn) againstof £5.9bn (31
received and m H1 2015).
marily relating sly sold.
wever, it is of provision
ment
ms initiated by
and age of the
levels, which
ns used in thed assumptions
onses to proactive
t 5
m
t
y
e
h
e s
e
Financial
Barclays PLC
1 Total claims
mailing. 2 Average uph3 Change in a4 Average red5 Processing c
Customer redCustomer redcounterpartieProvisions forcertain ForeigPackaged Ban
Assumption Customer initiaProactive mailiResponse rate tAverage upholdAverage redresProcessing cos
Statement
C – 2016 Interim
s received to date,
hold rate per claimaverage uphold ratdress stated on a pcost per claim on a
dress dress provisiones for losses orr other customgn Exchange trnk Accounts, a
ated claims receng to proactive mad rate per claim2
ss per valid claimt per claim5
t Notes
m Results
including those re
m excludes those fote mainly due to inper policy basis andan upheld complai
ns comprise thr damages ass
mer redress incransactions foand smaller pr
ived and proces
iling 2
m4
eceived via CMCs
or which no PPI poncreased remediatid excludes remediints basis, includes
he estimated cosociated with include £282m (or certain custo
ovisions acros
ssed1
80
but excluding tho
licy exists. ion in 2015. iation. s direct staff costs
ost of making nappropriate j2015: £290m)
omers betweenss the retail an
ose for which no P
and associated ov
redress paymudgement in t) in respect of n 2005 and 20d corporate bu
Cumulative actual
to 30.06.16 1,710k
720k 27%
87%3
£1,845 £305
PPI policy exists an
verheads.
ents to customthe execution o historic pricin012, £118m (2usinesses.
Future Exp
£
nd excluding respo
mers, clients anof our businesg practices ass
2015: £282m)
pected
Sensincre
570k 160k 17% 84%
£1,830 £280
onses to proactive
nd ss activities. sociated with in respect of
itivity Analysis ease/decrease
in provision 50k = £105m
50k = £12m 1% = £2m
1% = £14m £100 = £67m
50k = £14m
e
Financial
Barclays PLC
14. Ret
As at 30 JunRetirement Fu The moveme2.79%pa (20discount rate The latest triecompleted inscheme-speceliminate thelongevity ass The recoverycontributionsduring 2017 that time. Thbenefits accru In non-valuatupdate was cfunding level can be mainly
15. Cal
Called up shathe issuance
16. Oth
Other equity PLC. The AT1 secuCRD IV.
Statement
C – 2016 Interim
tirement b
e 2016, the Gund (UKRF), w
ent for the UKR15: 3.82%pa);
e.
ennial actuarian 2014 and shcific funding te deficit of the umption for fu
y plan to elimins of £300m wto 2021. Up to
hese deficit conuing over each
tion years, thecarried out as of 82.7% (30y attributed to
lled up sha
are capital comof shares unde
her equity
instruments o
urities are per
t Notes
m Results
benefits
Group’s IAS19which is the Gro
RF is driven by; partially offse
al valuation ofhowed a defictarget, statem UKRF. The m
unding and a d
nate the deficiwere payable in
o £500m of thntributions areh year.
e Scheme Actus at 30 Septem0 September 2 the fall in real
are capital
mprises 16,913er employee sh
instrumen
of £5,314m (2
petual securit
9 pension deficoup’s main sch
y an increase inet by an increa
f the UKRF wacit of £3.6bn
ment of fundinmain differencedifferent appro
it will result inn 2015, and ahe 2021 deficie in addition t
uary prepares amber 2015 an2014: 85.4%). l gilt yields.
3m (2015: 16,hare schemes
nts
2015: £5,305m
ies with no fix
81
cit across all heme, had a s
n the liability vase in asset va
as carried out wand a funding
ng principles, es between theoach to setting
the Bank payalso in 2016. Fit contributionto the regular
an actuarial annd showed a dThe increase
,805m) ordina and the Barcla
m) include Add
xed maturity a
schemes wasurplus of £0.1
values, mainlyalues driven by
with an effectg level of 87.4a schedule o
e funding andg the discount
ying deficit conFurther deficit
ns are payable contributions
nnual update odeficit of £6.0in funding de
ary shares of 2ays PLC Scrip
ditional Tier 1
and are structu
£0.3bn (2015bn (2015: £0.8
due to a decry higher asset
ive date of 304%. The Bankof contribution IAS 19 assumrate.
ntributions to t contributions in 2017 depe to meet the G
of the funding0bn (30 Septeficit over the y
25p each. The Dividend Prog
(AT1) securit
ured to qualify
5: £0.4bn sur8bn surplus).
rease in the dis performance
0 September 2k and the Truns and a reco
mptions are a
the Fund untis of £740m pnding on the
Group’s share
g position. Theember 2014: £year to 30 Sep
increase was ramme.
ties issued by
y as AT1 instru
plus). The UK
scount rate torelative to the
013. This wasstee agreed aovery plan tomore prudent
l 2021. Deficitpa are payabledeficit level atof the cost of
e latest annual£4.6bn) and aptember 2015
largely due to
Barclays Bank
uments under
K
o e
s a o t
t e t f
l a 5
o
k
r
Financial
Barclays PLC
17. Ot
Currency transAvailable for saCash flow hedgOther
Total
Currency tr
As at 30 June£2,322m credrelated to dis12.2% sale of
During the pein the Incomecapital repatr
Available fo As at 30 June£310m was lfair value hed
Cash flow h
The cash flowwill be recycle
As at 30 Juneincrease of £purposes as i£675m.
Other reserv
As at 30 Junerepurchase p
As at 30 JuneDuring the peshares held foreflecting the
18. Co
Guarantees and
Performance g
Contingent liab
Documentary
Forward starti
Standby facilit Further detail
Statement
C – 2016 Interim
ther reserv
lation reserve ale reserve ging reserve
anslation res
e 2016 there wdit movementscontinued opf the Group’s i
eriod a £54m e Statement. T
riation from th
or sale reserv
e 2016 there largely driven
dging, £777m o
hedging rese
w hedging reseed to the incom
e 2016 there w£1,790m princinterest rate fo
ves and trea
e 2016, there wrice paid over
e 2016, there weriod £140m (or the purpose
e vesting of def
ontingent li
d letters of cred
uarantees, acce
bilities
credits and oth
ng reverse repu
ties, credit lines
ls on continge
t Notes
m Results
ves
serve
was a credit bt principally re
perations. Thisnterest in BAG
net loss (2015This principalle Brazilian bus
ve
was a credit bby £3,286m loof net gains tr
rve
erve representme statement
was a credit bcipally reflecteorward curves
sury shares
was a credit b nominal of red
was a debit bal(2015: £602mes of employeferred share ba
iabilities an
it pledged as co
eptances and end
er short-term tr
urchase agreem
and other com
nt liabilities re
balance of £1,eflected the ap was driven b
GL, as well as t
5: £87m net loy related to thsiness.
balance of £7osses from chansferred to n
ts the cumulat when the hed
balance of £3,0ed a £2,622m decreased, £
alance of £1,0deemed ordina
ance of £73m) net purchase
ee share schemased payment
nd commit
llateral security
dorsements
rade related tra
ments
mitments
lating to legal,
82
,699m (2015: ppreciation of by a £343m trhe appreciatio
ss) from recyche disposal of
m (2015: £31hanges in fair vet profit and a
tive gains and dged transactio
051m (2015: m increase in t
154m loss tra
011m (2015: £ary and prefer
(2015: £68m es of treasury
mes, and £135ts.
tments
nsactions
, competition a
£623m debit)EUR and USD
ransfer to Nonon of ZAR agai
cling of the cu the Portugue
17m) in the avvalue on Gove
a tax charge of
losses on effeons affect prof
£1,261m credthe fair value nsferred to ne
£1,011m credience shares is
debit) in othe shares were mm (2015: £61
and regulatory
) in the currenD against GBP.n-controlling innst GBP.
rrency translatse retail and i
vailable for saernment Bondf £29m.
ective cash flowfit or loss.
dit) in the cashof interest ra
et profit, partia
it) in other ressues by the gr
r reserves relamade, principa8m) was tran
y matters can b
As at
30.06.16 £m
1,699 7
3,051 938
5,695
ncy translation Of this moventerest, associ
tion reserve wnsurance busi
ale reserve. Thds offset by £2
w hedging ins
h flow hedgingate swaps heldally offset by a
serves relatingroup.
ting to treasurally reflecting tsferred to reta
As at
30.06.16
£m
17,030
4,741
21,771
1,161
86
296,904
be found in No
As at
31.12.15£m
(623)317
1,261 943
1,898
n reserve. Theement, £534miated with the
was recognisedinesses, and a
he decrease of2,836m due to
struments that
g reserve. Thed for hedging tax charge of
to the excess
ry shares. the increase inained earnings
As at
31.12.15
£m
16,065
4,556
20,621
845
93
281,369
ote 19.
t 5
m )
e m e
d a
f o
t
e g f
s
n s
t
5
m
Financial
Barclays PLC
19. Leg
Barclays PLC which are beypredicted butsimilar circumand circumstliabilities whe InvestigationThe Financiaconnection wBBPLC are coof Justice (DO Background IThe FCA hasQatar Holdingcapital raisingSeptember 20 The existenceservices agrepayable over raisings in Juthere should primary purpbe disclosed, The Warning also in breacCompany’s sWarning Noti The FCA hasagreements rfurther inform In January 20damages of £made by BBPNovember 20 Claimed AmoIt is not curreeffect that thhas made a BBPLC’s pote InvestigationThe DOJ and to win or retahave also beeinvestigation informed. Claimed AmoIt is not curreeffect that the
Statement
C – 2016 Interim
gal, compe
(BPLC), Barclayond our contt may materialmstances can tances. The Grere it is not cur
ns into certain al Conduct Awith two advisontesting the fiOJ) and the US
Information s investigated g LLC (Qatar gs in June and 013.
e of the advisoeement in Oct a period of fivne and Novem be at least so
pose of the agr for the Qatari
Notices conclch of Listing Phares). In thisices against th
s agreed that referred to abmation.
016, PCP Capit£721.4m plus PLC to PCP in 008 capital rais
ounts/Financiaently practicabey might haveclaim against
ential financial
ns into certain SEC are underain business aen briefed on into certain of
ounts/Financiaently practicabey might have
t Notes
m Results
etition and
ays Bank PLC trol. The extenlly impact our give rise to eiroup has not rrently practica
agreements authority (FCA
sory services aindings. The U Securities and
certain agreeHolding) in Ju November 20
ory services agtober 2008 anve years, were
mber 2008. Wme unspecifie
reements was participation
lude that BPLCPrinciple 3 (ths regard, the Fhe Group is £50
the FCA enfoove, in respec
tal Partners LL interest and c relation to thsing. BBPLC is
al Impact ble to provide e upon the Grot BBPLC total exposure if a r
business relartaking an inve
are compliant wthe investigatf its hiring pra
al Impact ble to provide e upon the Gro
regulatory
(BBPLC) and tnt of the impac operations, finither a contingdisclosed an eable to do so.
and Civil ActioA) has allegedagreements enUnited Kingdomd Exchange Co
ements, includne and Octob
008. The FCA i
greement entend the fees pae not disclosedhile the Warn
ed and undete not to obtain in the capital r
C and BBPLC we requirement
FCA considers0m. BPLC and
orcement procct of which the
LP and PCP Incosts for fraud
he terms on w defending the
an estimate ooup’s operatingling £721.4m ruling were to
ationships estigation intowith the US Fotions. Separateactices in Asia
an estimate ooup’s operating
83
y matters
the Group facect on BPLC, BBnancial resultsgent liability oestimate of th
on d that BPLC ntered into by m (UK) Seriousommission (SE
ding two adviser 2008 respessued warning
ered into in Juayable under d in the annoing Notices cormined value advisory servi
raisings.
were in breacht to act with that BPLC an BBPLC contin
cess be stayede Group has r
nternational Fidulent misrepr
which securitiese claim.
f the financialg results, cash plus interest be made agai
whether the Goreign Corrupely, the Groupand elsewhere
f the financialg results, cash
e legal, compeBPLC and the s, condition anr a provision, e potential fin
and BBPLC b BBPLC. The F
s Fraud Office EC) are also inv
sory services ectively, and wg notices (War
une 2008 was both agreemeuncements oronsider that Bto be derived ces but to ma
of certain discintegrity towa
nd BBPLC acteue to contest
d pending proreceived and h
nance Limitedresentation ans were to be
impact of theh flows or finan and costs. Tnst it.
Group’s relatiot Practices Ac
p is cooperatine and is keepin
impact of the flows or finan
etition and regGroup of thes
nd prospects. Mor both, depe
nancial effect o
breached theiFCA has impo(SFO), the Uni
vestigating the
agreements ewhether these rning Notices)
disclosed butents, which amr public documPLC and BBPL from the agre
ake additional p
closure-relatedards holders aed recklessly. Tthe findings.
gress in the Shas continued
d (PCP) servednd deceit, arisiissued to inve
e actions descncial position i
This amount d
onships with thct. Certain regung with the DOng certain regu
e actions descncial position in
ulatory challene matters can
Matters arisingending on the on the Group
r disclosure osed a £50m fited States (USese agreement
entered into bmay have rela against BPLC
t the entry intomount to a toments relating LC believed at eements, they payments, wh
d listing rules and potential hThe financial
SFO’s investig to respond to
d a claim on Bng from allege
estors, includin
ribed on the Gn any particula
does not nece
hird parties whulators in otheOJ and SEC in ulators in othe
ribed on the Gn any particula
nges, many ofnot always be
g from a set of relevant factsof contingent
obligations infine. BPLC andS) Departmentts.
y BBPLC withated to BPLC’s and BBPLC in
o the advisoryotal of £322m to the capital the time that state that the
hich would not
and BPLC washolders of thepenalty in the
ation into theo requests for
BBPLC seekinged statementsng PCP, in the
Group or whatar period. PCP
essarily reflect
ho assist BPLCer jurisdictions relation to aner jurisdictions
Group or whatar period.
f e f s t
n d t
h s n
y m
l t e t
s e e
e r
g s e
t P t
C s n s
t
Financial
Barclays PLC
Alternative TThe SEC, the a range of isfrequency tra
Background IIn June 2014,Court of the Sin connectionagreements woperation of L Civil complainBCI and otherwhich high-frsecurities ma2015 the Couappeal. BPLC and BCon allegationsconsolidated permitted to fCalifornia. Following thewith certain o(Shareholder American Demotion to disthe action as Action and th Claimed AmoThe remaininan estimate ooperating res FERC The US Federin the US Dist$34.9m of paround Califolooking into tCourt for the Background IIn October 20and four of itthat BBPLC aaround Califoby BBPLC. In Septemberconduct at iss In October 20to collect the In June 2015Irrigation Dis
Statement
C – 2016 Interim
Trading System New York Stassues associataders.
Information the NYAG fileState of New Yn with LX, the Gwith each of thLX for $35m e
nts have also brs generally allrequency tradi
arket to the plaurt granted Bar
I have also bees similar to tho with the Tradfile an amende
e filing of the Nof its former C Class Action).pository Recei
smiss the comp a class actionhe Shareholder
ounts/Financiang complaints sof the financialsults, cash flow
ral Energy Regtrict Court in C
profits, plus inornia. The US the same con SDNY against
Information 012, FERC issuts former tradand its formerornia from Nov
r 2013, the crisue in the FER
013, FERC filed $435m civil p
5, a civil classstrict, a Califo
t Notes
m Results
ms and High-Fate Attorney Gted with alter
ed a complaintYork alleging, aGroup’s SEC-r
he SEC and theeach.
been filed in Neleging that theing firms were
aintiffs’ detrimerclays’ motion
en named in a ose in the NYAer Class Actioned complaint f
NYAG ComplaiEOs, and its cu. The plaintiffsipts declined inplaint, which t, which Barclar Class Action.
al Impact seek unspecifil impact of the
ws or financial
ulatory CommCalifornia seekterest, in con Attorney’s Ofduct at issue
t BBPLC assert
ued an Order ters in relation traders violatvember 2006 t
iminal divisionRC matter.
d a civil actionpenalty and dis
action compornia utility c
Frequency Traeneral (NYAG
rnative trading
(NYAG Compamongst otherregistered ATSe NYAG to reso
ew York Federe defendants ve given informaent. These com to dismiss the
purported claAG Complaint (n for pre-trial pfollowing this d
int, BPLC and Burrent and a fos claim that invn value as a rethe court grantys has appeale.
ied monetary de actions descrposition in any
mission (FERC) king to collect nnection with ffice in the Soin the FERC ming antitrust a
to Show Cause to their poweted FERC’s Anto December 2
n of the US Att
n against BBPLsgorgement of
plaint was filedompany, asse
84
ading ) and regulato
g systems (AT
plaint) against r things, that B
S. On 1 Februarolve those age
ral Court on beviolated the fedational and othmplaints were e Trader Class
ss action by a(California Clapurposes and dismissal and
BCI were also ormer CFO, as vestors sufferesult of the alleted in part anded. BPLC and B
damages and ribed on the Gy particular pe
has filed a civon an order asallegations th
outhern Districmatter, and a llegations that
e and Notice oer trading in thnti-Manipulatio2008, and prop
torney’s Office
LC and its formf $34.9m of pro
d in the US Derting antitrus
ors in certain oTSs), including
BPLC and BarcBPLC and BCI ery 2016, Barclancies’ claims a
ehalf of a putaderal securitiesher advantage consolidated ( Action in its e
n institutional ss Action). Thwas also dismthe matter wa
named in a sh well as an em
ed damages whegations in the d denied in parBCI continue to
injunctive relieroup or what e
eriod.
vil action againssessing a $43hat BBPLC mact of New Yorcivil class actit mirror those
of Proposed Pehe western USon Rule by maposed civil pen
e in SDNY adv
mer traders in tofits, plus inte
District Court st allegations
other jurisdictiog dark pools,
clays Capital Inengaged in fraays reached seagainst BPLC a
tive class of pls laws by partices so that they (Trader Class A
entirety. The pl
investor clientis California C
missed in Auguas transferred b
areholder secuployee in Equihen their inves NYAG Complart. In February o defend again
ef. It is not curreffect they mig
nst BBPLC and 35m civil penaanipulated therk (SDNY) hason complaint raised in the c
enalties (OrderS. In the Orderanipulating thnalties and pro
vised BBPLC th
the US Districtrest.
for the SDNY in connectio
ons have beenand the activ
nc. (BCI) in theud and decepteparate settlemand BCI relatin
laintiffs againscipating in a sc could manipuAction), and inlaintiffs have c
t under Califorlass Action wast 2015. The pback to federa
urities class acties Electronicstments in Baraint. BPLC and 2016, the counst both the Ca
rently practicaght have upon
certain of its flty and the dis
e electricity ms informed BB was filed in tcivil suit filed b
r and Notice) ar and Notice, Fe electricity m
ofit disgorgem
hat it is lookin
t Court in Calif
Y against BBPLon with BBPLC
n investigatingvities of high-
e Supreme tive practices ment g to the
st BPLC and cheme in
ulate the US n August chosen not to
rnia law basedas plaintiffs were al court in
ction along c Trading rclays d BCI filed a urt certified alifornia Class
able to providen the Group’s
former traderssgorgement of
markets in andBPLC that it isthe US Districtby FERC.
against BBPLCFERC asserted
markets in andent to be paid
g at the same
fornia seeking
LC by MercedC’s purported
g -
e
s f d s t
C d d d
e
g
d d
Financial
Barclays PLC
manipulationFERC against In October 20from its assepenalty assesdetermine thi In DecemberFebruary 201
Claimed AmoFERC has maprofit disgorgreflect BBPLC InvestigationRegulators anbeen conducLIBOR and EUin certain of tthe prosecuto Background IIn June 2012,to the FCA), tinvestigationsThe settlemeBBPLC was glaw violations2016. InvestigationsFollowing theinvestigationsthroughout a Investigation In July 2012,received andcontinues. For a discussActions’. Claimed AmoAside from ththe actions dfinancial posi LIBOR and otFollowing thenumber of inin relation to subject to apand to seek to Background IA number ofGroup and ot
Statement
C – 2016 Interim
n of the electric BBPLC curren
015, the US Diessment of disssment. The cois issue.
r 2015, BBPLC6 granted in p
ounts/Financiade claims agagement. The c
C’s potential fin
ns into LIBOR and law enforcecting investigaURIBOR. BBPLCthe investigatiors' office in Tr
Information BBPLC annouthe US Commos concerning cnt with the DOranted conditis with respect
s by the US Stae settlements s into LIBOR, E
and is in advan
by the SFO , the SFO ann continues to
sion of civil lit
ounts/Financiahe settlements
described on thtion in any pa
ther Benchmae settlements dividuals and LIBOR and/oproval from tho file their own
Information f individuals ather banks in r
t Notes
m Results
city markets inntly pending in
istrict Court insgorgement. Fourt has indica
C filed a motiopart and denied
al Impact inst BBPLC andcivil class actinancial exposu
and other Benement agencie
ations relatingC, BPLC and BCons, but otherrani, Italy and
unced that it haodity Futures Tcertain benchmOJ-FS was madional leniency to financial in
ate Attorneys Gannounced in
EURIBOR and tced discussion
nounced that respond to r
tigation arising
al Impact s discussed abhe Group or wrticular period
ark Civil Actionof the investicorporates in
or other benchhe court (and in claims), othe
and corporatesrelation to man
n and around the US Distric
n California ordFERC has filed ated that it wi
on to dismiss td in part.
d certain of itson complaint
ure if a ruling w
nchmarks es, including c to BBPLC's iCI have reachers, including ththe Swiss Com
ad reached setTrading Commmark interest rde by entry int from the DOJ struments tha
General n June 2012, athe Tokyo Intens with the SA
it had deciderequests for in
g in connectio
bove, it is not cwhat effect tha
.
ns gations referr a range of jur
hmarks. While in the case of er actions rema
s in a range onipulation of L
85
California. Thect Court in Cali
dered that it w and BBPLC isll either affirm
the civil class
s former trader refers to dam
were to be mad
certain competnvolvement ined settlementshe investigatio
mpetition Com
ttlements withmission (CFTC)rate submissioto a Non-Prose Antitrust Divis
at reference EU
a group of USerbank OfferedAGs about a po
d to investiganformation. Th
on with these
currently practat they might h
ed to above irisdictions hav several of succlass actions, tain pending an
of jurisdictionsIBOR and/or o
e allegations mifornia.
would bifurcates opposing a b
m the penalty a
action for fai
rs totalling $46mages of $139de against it in
tition authoritn manipulatins with the relevons by certain mission remai
h the Financial) and the DOJ ons, and BBPLCecution Agreesion (DOJ-AD)
URIBOR. The D
S State Attorned Rate. The Grootential resolut
ate the LIBORhe SFO’s inve
investigations
ticable to provhave upon the
n ‘Investigatiove threatened och cases have the right of cland their ultima
s have threateother benchma
mirror those ra
e its assessmebrief seeking s
assessment, or
lure to state a
69.9m, plus int9.3m. These an either action.
ties, from a nug certain finavant law enfor US State Attoin pending.
l Services AuthFraud Section C agreed to pament which h
) in connectionDOJ granted fin
eys General (Soup has coopetion.
R matter, in reestigation, incl
s see ‘LIBOR a
vide an estimae Group’s oper
ons into LIBORor brought civ been dismissass members tate impact is u
ened or brougark rates.
aised in the civ
nt of liabilitiessummary affirr require furthe
a claim, which
terest, for civilamounts do n.
umber of goveancial benchmrcement agencorneys General
hority (FSA) (a (DOJ-FS) in reay total penaltas now expire
n with potentianal leniency to
SAGs) commeerated with the
espect of whicuding in resp
and other Ben
te of the finanrating results,
R and other Bevil actions agaised and certainto opt-out of t
unclear.
ght civil action
vil suit filed by
and penaltiesrmance of theer evidence to
h the SDNY in
penalties andot necessarily
ernments havemarks, such ascy or regulatorl, the SFO and
as predecessorelation to theirties of £290m.ed. In addition,al US antitrust BBPLC in May
enced its owne investigation
ch BBPLC hasect of BBPLC,
nchmarks Civil
ncial impact of cash flows or
enchmarks’, anst the Groupn have settledthe settlement
ns against the
y
s e o
n
d y
e s r d
r r . , t y
n n
s ,
l
f r
a p d t
e
Financial
Barclays PLC
USD LIBOR CaThe majority purposes befo The complaincollectively viRacketeer Inf The lawsuits total in exceslawsuits also The proposedlinked over-th(Exchange-Barate mortgag In August 20March 2013, claims againsthree lead ind In July 2014, The MDL CoClass claims.including theremanded the In December $20m. Final aacceptable to In November EURIBOR CasIn February 2SDNY. The pOctober 201approved by t Securities FraBPLC, BBPLC class action inaction was se Additional USAn additionadefendants. Tof bonds plemarket. In Ap Sterling LIBORIn May 2015,plaintiff involalleges, amon2010 and, in with an additbanks. Defen
Statement
C – 2016 Interim
Cases in MDL C of the USD LIBfore a single ju
nts are substaniolated provisiofluenced and C
seek unspecifss of $1.25bn seek trebling o
d class actionshe-counter traased Class); (iies linked to US
012 the MDL August 2013 st BBPLC and dividual action
the MDL Couurt subsequen In May 2016
e Debt Securite antitrust clai
2014, the MDapproval of theo the MDL Cou
2015, the OTC
se in the SDNY 2013, a EURIBOplaintiffs asser5, the class athe court but r
aud Case in the and BCI weren the SDNY in ettled for $14m
SD LIBOR Caseal individual aThe plaintiff aldged as collat
pril 2015, the c
R Case in SDN a putative clalved in exchanng other thingso doing, comtional putativedants have file
t Notes
m Results
Court BOR cases, whdge in the SDN
ntially similar ons of the US
Corrupt Organi
fied damages in actual damof damages un
s purported to ansactions (OTii) purchased USD LIBOR (Hom
Court stayed and June 201other panel bs (Lead Individ
urt allowed thently dismissed 6, the appeal cties Class, andims for the MD
DL Court grante settlement is
urt.
C Class claims
Y OR-related clasrted antitrust, action was setremains subjec
e SDNY also named a connection w
m with final co
e in the SDNY ction was coleged that theteral for a loa
court dismissed
NY ass action was nge-traded angs, that BBPLC
mmitted CEA, Ae class action ed a motion to
hich have beenNY (MDL Cour
and allege, amSherman Antiizations Act (R
with the exceages against ander the Antitr
be brought onTC Class); (ii) USD LIBOR-linmeowner Clas
all newly filed4, the MDL Coank defendandual Actions).
e Stayed Actio a number of court reversed
d Lead IndividuDL Court’s furt
ted preliminarys awaiting plai
were settled f
ss action was CEA, RICO, a
ttled for $94mct to final appr
as defendants with BBPLC’s ro
urt approval g
mmenced in e panel bank dn to decreased the action. T
commenced id over-the-co
C and other pAntitrust Act, amaking simila
o dismiss.
86
n filed in variort).
mongst other ttrust Act (Ant
RICO) and vario
ption of five laall defendantsrust Act and R
n behalf of (am purchased USked debt secu
ss); or (v) issue
d proposed claourt issued a sts in the three
ons to proceed Lead Individud the MDL Coual Actions hather considerat
y approval forintiff’s submis
for $120m. Th
filed against Band unjust enrm subject to croval.
along with fouole as a contribgranted in Mar
February 201defendants cone, ultimately reThe plaintiff’s m
in the SDNY agounter derivatipanel banks mand RICO violaar allegations a
us US jurisdict
things, that BBtitrust Act), theous state laws
awsuits, in wh, including BB
RICO.
mongst othersSD LIBOR-link
urities (Debt Seed loans linked
ass actions anseries of decise lead propose
d and a numbual Action claimourt’s holding ad not sufferetion of those c
the settlemension of a plan
e settlement is
BPLC, BBPLC, Brichment claimcourt approva
ur former officbutor panel bach 2016.
3 in the SDNnspired to incresulting in themotion to file a
gainst BBPLC aves that were
manipulated thations. In earlyagainst BBPLC
tions, have bee
BPLC and the oe Commodity s by manipulat
hich the plaintBPLC, plus pun
) plaintiffs thaed financial in
ecurities Class)d to USD LIBOR
nd individual aions effectivelyed class action
er of plaintiffsms and all Hothat plaintiffs
ed an injury uclaims and rela
nt of the Excha for allocation
s subject to fin
BCI and other Ems relating toal. The settlem
cers and directank to LIBOR. I
NY against BBrease USD LIBOe sale of the ba further amen
and other Stere linked to Stee Sterling LIBO
y 2016, this claC and BCI and
en consolidate
other banks inExchange Act ing USD LIBOR
iffs are seekinnitive damages
t (i) engaged instruments on); (iv) purchaseR (Lender Clas
actions (Stayey dismissing tns (Lead Class
s filed amendemeowner Clas
s in the Lead Cnder the Antitated issues.
ange-Based Cl of the settlem
nal court appro
EURIBOR paneo EURIBOR mament has been
tors of BBPLC n November 2
PLC and otheOR, which caubonds at a lownded complain
rling LIBOR panerling LIBOR. TOR rate betweass action was other Sterling
ed for pre-trial
ndividually and (CEA), the USR rates.
g a combineds. Some of the
in USD LIBOR-n an exchangeed adjustable-
ss).
ed Actions). Inhe majority of
s Actions) and
ed complaints.ss and LenderClass Actions,trust Act, and
lass claims forment proceeds
oval.
el banks in theanipulation. Inn preliminarily
in a securities2015, the class
er panel bankused the valuew point in thent is pending.
nel banks by aThe complainteen 2005 ands consolidatedg LIBOR panel
l
d S
d e
-e -
n f d
. r ,
d
r s
e n y
s s
k e e
a t d d l
Financial
Barclays PLC
Complaint in In July 2012, ainclude allegapurported claBBPLC’s motappealed the Japanese YenA class actionplaintiff involvEuroyen Tokyamongst othebetween 200plaintiff’s CEA In July 2015,complaint allsubstantially
SIBOR/SOR CA class actiomanipulationalleges, amobetween 200 Non-US BencIn addition tomanipulationthe benchma Claimed AmoAside from ththe actions dfinancial posi Foreign ExchVarious regulsales and tradcountries. Th(NYDFS), theAuthorities) wCommission Commission, Background IIn 2015, the trading practpenalties of a Under the plefrom the datecommit no cra complianceits compliancsubject to finAuthorities. BBPLC and Bselected by tFebruary 201
Statement
C – 2016 Interim
the US Districta purported clations related tass that includtion for summ decision.
n LIBOR Cases n was commeved in exchanyo Interbank Oer things, man
06 and 2010. A claims, whic
, a second claeges breachessimilar to thos
Case in the SDNon was commn of the Singangst other th7 and 2011. B
chmarks Caseso US actions, len of LIBOR andarks to which t
ounts/Financiahe settlements
described on thtion in any pa
hange Investiglatory and enfoding, includinge Group has re
e Board of Govwith respect t(Commission) amongst othe
Information Group reache
tices in the Foapproximately
ea agreement e of the final jrime whatsoeve program desce and internalal approval by
BBPLC’s New he NYDFS to 6, Barclays ter
t Notes
m Results
t Court for theass action comto USD LIBOR
des holders of amary judgeme
in SDNY enced in April ge-traded deriOffered Rate (nipulation of th
In March 20h are pending.
ass action cos of the Antitrse in the April
NY menced in Julyapore Interbanings, manipularclays expect
s egal proceedin
d EURIBOR in ahey relate, and
al Impact s discussed abhe Group or wrticular period
gations orcement authg electronic traeached settlemvernors of theto certain of ), the Adminisers, also remai
ed settlementsoreign Exchan$2.38bn, and
with the DOJudgement in
ver in violationigned to prevel controls as rey the court. Th
York branch conduct a corminated its en
e Central Districmplaint in the and names BBadjustable rate
ent and dismi
2012 in the Sivatives. The c(Euroyen TIBOhe Euroyen TI14, the court .
ncerning Yen rust Act and R2012 class act
y 2016 in thenk Offered Raation of the Sts to file a mot
ngs have beena number of jud the jurisdictio
bove, it is not cwhat effect tha
.
horities have bading. Certain ments with thee Federal Resethese investig
strative Councin pending.
s with the Resge market. Into undertake c
, in addition torespect of the
n of the federaent and detect equired by relehe Group also
were also reqmprehensive rngagement wi
87
ct of CaliforniaUS District CoBPLC as a defee mortgages lissed all of th
DNY against Bcomplaint also OR) panel, of wBOR and Yen dismissed th
LIBOR was fRICO betweention. Defendan
e SDNY againate (SIBOR) anSIBOR and SOtion to dismiss
brought or thurisdictions. Thons in which t
currently practat they might h
been investigatof these invest
e CFTC, the DOerve System (Fgations as furtil for Econom
olving Author connection wcertain remedi
o a criminal fie plea agreemel laws of the U the conduct t
evant regulatocontinues to p
quired to conreview of certth the monito
a urt for the Cen
endant. The aminked to USD Lhe remaining
BBPLC and oth names membwhich BBPLC LIBOR rates ae plaintiff’s a
filed in the SDn 2006 and 20nts have filed a
nst BPLC, BBPnd Singapore
OR rates and the complaint
hreatened agahe number of they may be br
ticable to provhave upon the
ting a range oftigations invol
OJ, the New YoFederal Reservther describedic Defence in
rities in relatiowith these setial actions.
ine, BPLC agreent during wh
United States, (that gave rise try or enforcemprovide releva
ntinue to engatain compliancr with the agre
ntral District ofmended compLIBOR. In Januclaims agains
her Japanese Ybers of the Japais not a memnd breaches ontitrust claims
DNY against B010 based on a motion to dis
PLC, BCI, and Swap Offer Rbreaches of tt.
inst the Groupsuch proceedirought have in
vide an estimae Group’s oper
f issues associlve multiple mork State Depave) and the FCd below. InvesBrazil and the
n to investigattlements, the
eed to a term hich BPLC mus(ii) implement to the plea agr
ment agencies.nt information
age the indepce programs, peement of the
f California walaint was filed
uary 2015, the st BBPLC. The
Yen LIBOR pananese Bankers
mber. The comof the CEA ands in full, but
BPLC, BBPLC factual allegasmiss.
other defendRate (SOR). Tthe Antitrust A
p in connectioings in non-US
ncreased over t
te of the finanrating results,
ated with Forearket participa
artment of FinaCA (together, stigations by South African
ations into cert Group agreed
of probation st, amongst ot and continue reement and (. The agreemen to certain of
pendent monitpolicies, and p NYDFS.
as amended to on behalf of a court grantede plaintiff has
nel banks by as Association’s
mplaint alleges,d Antitrust Actsustained the
and BCI. Theations that are
dants, allegingThe complaintAct and RICO
n with allegedS jurisdictions,time.
ncial impact of cash flows or
eign Exchangeants in variousancial Servicesthe Resolvingthe European
n Competition
tain sales andd to pay total
of three yearsther things, (i) to implementiii) strengthen
ent with DOJ is the Resolving
tor previouslyprocedures. In
o a d s
a s , t e
e e
g t
O
d ,
f r
e s s g n n
d l
s ) t n s g
y n
Financial
Barclays PLC
The full text othe FCA relate The settlememarket. In Ninvestigation trading syste$150m, prima The FCA is alcertain custofor appropria For a discussExchange Tra Claimed AmoA provision ointo historic pcurrently praeffect they m Civil Actions ConsolidatedBeginning in alleging maninternational alleging a clasettled the Comembers to o ERISA FX ActSince Februapurporting toalleged maniBBPLC and B(ERISA) statuwell as additmanipulationwhether allegthe agreementhey are cove Retail Basis AAnother actiointernational retail basis atsettlement aglaw. Last Look ActIn addition, iproposed claBarclays Lastsubject to cosettlement an Canadian FX Similar civil aplaintiffs condamages resu
Statement
C – 2016 Interim
of the DOJ pleaed to the settle
ents reached iNovember 201 into BBPLC ams in the perarily for certain
lso investigatinomers between
te customer re
sion of civil litading’ below.
ounts/Financiaof £290m in repricing practiccticable to proight have on t
in respect of d FX Action November 20ipulation of Fo banks as defss of US persoonsolidated FXopt-out of the
tion ary 2015, seveo allege differepulation of Fo
BCI. One suchute (ERISA Claitional allegatio
n of FX rates agations characnt. Barclays wiered by the agr
Action on was filed in banks, includt bank branchgreement in th
tions in November sses of plaintift Look systemourt approval. nd to seek to fi
Action actions to thentaining similaulting from su
t Notes
m Results
a agreement, tements referre
in May 2015 15, BBPLC anand BBPLC’s Nriod between 2n internal syst
ng historic pricn 2005 and 20edress.
tigation arising
al Impact dress costs fo
ces by BBPLC ovide an estimthe Group’s op
Foreign Excha
013, a numberoreign Exchanfendants, inclons in a singleX Action for $ settlement an
eral other civilent legal theooreign Exchanh consolidatedims) and incluons about ERare covered bycterised by theill move to stareement and a
n the Northernding BPLC and
es (Retail Basihe consolidate
2015 and Deffs alleging inj
m. In February (The other ac
ile their own c
Consolidatedar factual allegch manipulatio
the orders of ted to above ar
did not encomnnounced thatNew York bra2009 to 2014,ems and contr
cing practices 012. BBPLC is
g in connectio
or certain custoassociated wi
mate of any furperating results
ange
r of civil actionnge markets uuding BBPLC. consolidated 384m. The set
nd to seek to fi
actions haveries of injury
nge rates and d action asserudes allegationRISA plans. Th
y the settlemee ERISA plaintiay the claims calso to dismiss
n District of Cad BCI, on behais Claims). Theed FX Action.
ecember 2015juries based on2016, BBPLC
ction was volulaims.
d FX Action hagations of maon in violation
88
the CFTC, NYDe publicly avai
mpass investigt it had reac
anch electronic, pursuant to rols failures.
by BBPLC asscooperating w
on with these
omers was recth certain Forrther financial s, cash flows o
ns were filed iunder the Anti. In February action (Consottlement itselfle their own cl
e been filed in(other than thnaming sever
rts claims undns of conduct the Court has ent agreementffs as non-col
characterised b these claims a
alifornia (and alf of a putative Court has ruBarclays will m
5, two addition Barclays’ pu and BCI settleuntarily dismis
ave been filedanipulation of of Canadian l
DFS and Federilable on the R
gations of eleched a settlemc trading of Fwhich the NY
sociated with cwith the FCA r
investigations
cognised in Q3reign Exchange impact of the
or financial pos
n the SDNY otrust Act and 2014, the SD
olidated FX Acf is subject to flaims.
the SDNY onhose alleged inral internationder the US Emthat are duplicruled that thet in the Consolusive manipu
by the ERISA pas a matter of
subsequently ve class of induled that the Rmove to dism
nal civil actiourported improed one of thessed.) Class m
d in Canadian Foreign Exchaw.
ral Reserve, anesolving Autho
ectronic tradinment with theForeign Excha
YDFS imposed
certain Foreignregarding the
s see ‘Civil Ac
3 2015 in relate transactions
e actions descsition in any pa
on behalf of pr New York staDNY combinection). In Septefinal court app
n behalf of prn the Consolid
nal banks as dmployee Retirecative of allegae ERISA allegaolidated FX A
ulation of FX raplaintiffs as no law.
transferred todividuals that Retail Basis Claiss the Retail
ns were filed oper rejection e actions for $members have
courts on behange rates as
nd the Final Noorities’ respect
ng in the Foree NYDFS in rnge and Fore a civil monet
n Exchange traproposed term
tions in Respe
ion to the FCAs referred to aribed on the Garticular period
roposed classeate law and nd all then-peember 2015, Bproval and the
oposed classedated FX Actiodefendants, inement Incomeations in the oations concerction, but hasates are likewi
on-collusive on
o the SDNY) aexchanged cu
aims are not cBasis Claims a
in the SDNYof customer tr
$50m on a cla the right to o
half of proposs in the US a
otice issued bytive websites.
eign Exchangerespect of its
eign Exchangeary penalty of
ansactions forms and timing
ect of Foreign
A investigationbove. It is not
Group or whatd.
es of plaintiffsaming severalnding actions
BBPLC and BCIe right of class
es of plaintiffson) related tocluding BPLC,
e Security Actother cases, asning collusive
s not ruled onse covered by
n grounds that
against severalurrencies on acovered by theas a matter of
Y on behalf ofrades through
ass-wide basisopt-out of the
sed classes ofctions and of
y
e s e f
r g
n
n t t
s l s I s
s o , t s e n y t
l a e f
f h s e
f f
Financial
Barclays PLC
Claimed AmoAside from ththey might huncertain. ISDAFIX InveRegulators apractices with In May 2015,paid a civil mDollar ISDAFI Investigationsin connection Claimed AmoAside from thimpact of thefinancial posi Civil Action iBeginning in class of plaintlaws by enga In April 2016$30m, fully repreliminarily of the settlem Claimed AmoAside from thimpact of theflows or finan Precious MetBBPLC has bmetals and p For a discussbelow. Claimed AmoIt is not curreeffect that the Civil Actions Since March plaintiffs, alleand gold deriof the complaa motion to d A similar civiallegations of Claimed AmoIt is not curreeffect that the
Statement
C – 2016 Interim
ounts/Financiahe settlementshave upon the
estigation nd law enforch respect to IS
, the CFTC entonetary penalIX benchmark
s by other regn with these in
ounts/Financiahe settlementse actions descrtion in any pa
n respect of IS September 20tiffs, alleging tging in a cons
6, BBPLC and esolving all ISDapproved the
ment and to se
ounts/Financiahe settlementse actions descrncial position i
tals Investigatbeen providingrecious metals
ion of civil litig
ounts/Financiaently practicabey might have
in respect of t2014, a numb
eging that BBPvative contracaints have bee
dismiss the cla
l action has bef the manipula
ounts/Financiaently practicabey might have
t Notes
m Results
al Impact s discussed ab Group’s oper
cement agencSDAFIX, among
tered into a sety of $115m in and agreed to
ulators and lavestigations, s
al Impact s discussed aboribed on the Grticular period
SDAFIX 014, a numbethat BBPLC, a piracy to man
BCI entered inDAFIX-related settlement, wek to file their
al Impact s discussed abribed on the Gn any particula
tion g information s-based financ
gation arising
al Impact ble to provide e upon the Gro
the Gold Fix ber of civil comPLC and other cts in violation en transferred ims.
een filed in Caation of the pri
al Impact ble to provide e upon the Gro
bove, the finanrating results,
cies, includinggst other benc
ettlement orden connection w
o undertake ce
aw enforcemensee ‘Civil Actio
ove, it is not curoup or what e.
er of ISDAFIX number of othipulate the US
nto a settleme claims that which remains s own claims.
bove, it is not Group or what ar period.
to the DOJ ancial instrument
in connection
an estimate ooup’s operating
mplaints have b members of of the CEA, th to the SDNY a
anadian courtsces of gold in v
an estimate ooup’s operating
89
cial impact of cash flows or
g the CFTC, hchmarks.
er with BPLC, Bwith the CFTC
ertain remediat
nt agencies rens in respect o
urrently practieffect they mig
related civil acher banks and SD ISDAFIX. Th
ent agreemenwere or could hsubject to fina
currently prac effect that the
nd other authts.
with these inv
f the financialg results, cash
been filed in UThe London G
he Antitrust Acand consolidat
s on behalf of violation of Ca
f the financialg results, cash
the actions der financial pos
have conducte
BBPLC and BCC’s industry-wition measures
main pendingof ISDAFIX’ be
cable to providght have on th
ctions were fil one broker, v
hose actions w
nt with plaintifhave been brol approval and
cticable to proey might have
orities in conn
vestigations se
impact of the flows or finan
US Federal CouGold Market Fct, and state anted for pretrial
a proposed clanadian law.
impact of the flows or finan
escribed on thsition in any p
ed separate in
I pursuant to wde investigatio to the extent
. For a discusslow.
de an estimatehe Group’s ope
led in the SDNiolated the An
were consolidat
ffs to resolve ught by the cl
d to the right o
ovide an estim upon the Gro
nection with i
ee ‘Civil Action
e actions descncial position in
urts, each on bFixing Ltd. manntitrust and col purposes. In
ass of plaintiff
e actions descncial position in
he Group or whparticular perio
nvestigations
which BPLC, Bon into the setnot already un
sion of civil liti
e of any furtheerating results,
NY on behalf ontitrust Act andted in February
the consolidatlass. In May 20of class memb
mate of any fuoup’s operating
investigations
ns in respect o
ribed on the Gn any particula
behalf of a propnipulated the onsumer proteApril 2015, de
ffs containing
ribed on the Gn any particula
hat effect thatod is currently
into historical
BBPLC and BCItting of the USndertaken.
igation arising
er financial , cash flows or
of a proposedd several statey 2015.
ted action for016, the court
bers to opt-out
rther financialg results, cash
into precious
of the Gold Fix’
Group or whatar period.
posed class ofprices of gold
ection laws. Allefendants filed
similar factual
Group or whatar period.
t y
l
I S
g
r
d e
r t t
l h
s
’
t
f d l
d
l
t
Financial
Barclays PLC
US ResidentiaThe Group’s a
spon econ sale sale sale
subsentit
Throughout tbacked securtoday. In connectionrepurchase reactions have loans. In addition, thcurrent outstapproximatel Regulatory aTroubled AssEastern Distrsecurities, an RMBS RepurcBackground IThe Group w
app app app
In addition, th R&Ws on thesecuritisationThere are nothird parties. Under certainmake other p The unresolveAcquired Subapproximatel The unresolvcertain RMBSloans that viothe operativeloans previou30 June 2016litigation invo In addition, thfor losses allSubsidiary in
Statement
C – 2016 Interim
al and Commeactivities withi
nsoring and unnomic underw
es of approximes of approximes of approximsequently reputy that the Gro
this time peririties (RMBS)
n with its loaequests relatin been comme
he Group is patanding face ay $0.2bn.
nd governmenset Relief Progict of New Yod the Group is
chase RequestsInformation as the sole proroximately $5broximately $0.roximately $3b
he Acquired Su
e remaining Grn trusts with a stated expira
n circumstancepayments relat
ed repurchasebsidiary on loay $2.2bn at th
ved repurchaseS securitisationolated the opee R&Ws may hausly stated in
6 on loans coveolving repurcha
he Acquired Sulegedly suffer connection w
t Notes
m Results
ercial Mortgagin the US resid
nderwriting ofwriting exposur
ately $0.2bn oately $3bn of
mately $19.4burchased) thaoup acquired i
od affiliates oand US comm
n sales and cng to loans witnced by vario
arty to a lawsuamount of RM
ntal authoritieram, the US A
ork have initiats cooperating w
ts
ovider of variobn of Group sp.2bn of sales obn of loans so
ubsidiary prov
roup sponsorea Group subsiation provision
es, the Group ted to such loa
e requests recens sold to GSE
he time of such
e requests discns in which thrative R&Ws. Save been viola specific repuered by R&Ws ase requests re
ubsidiary is sued by a loan
with loan sales t
ge-related Actdential mortgag
f approximatelre of approxim
of loans to govloans to other
bn of loans (nat were originan 2007 (Acqui
of the Group emercial mortg
certain privateth a principal bus parties alle
it filed by a puMBS related to
es, including aAttorney’s Offic
ted wide-rangwith those inv
us loan-level rponsored secu
of loans to GSEld to others.
ided R&Ws on
ed securitisatiodiary, such as
ns applicable to
and/or the Acans if the R&W
eived on or befEs and others ah sale.
cussed above he trustees alleSuch trustees ted with respe
urchase reques made by the Gemain at early
ubject to a mor purchaser asto the purchas
90
tivity and Litigge sector durin
y $39bn of primately $34bn fovernment spons; and
net of approxated and sold ired Subsidiary
engaged in segage-backed s
e-label securitibalance of app
eging that the
urchaser of RMo these pendin
amongst otherce for the Distging investigatestigations.
representationuritisations; Es; and
n all of the $19
ons were prims the depositoo most R&Ws
cquired Subsids are breached
fore 30 June 20and private-lab
relate to civil aege that the Gand other par
ect to a greatests made by Group or the Ay stages.
re advanced cs a result of aser during the
gation ng the period f
ivate-label secfor other privatnsored enterpr
ximately $500 to third partiey).
econdary marksecurities (CM
isations, on 3proximately $2 Group must r
MBS asserting sng claims aga
rs, the DOJ, Srict of Connec
tions into mar
s and warrant
.4bn of loans i
marily providedor for the secus made by the
diary may be red.
016 associatedbel activities h
actions that hGroup and/or trties making rer (but unspecisuch trustees
Acquired Subs
ivil action seekalleged breacperiod 1997 to
from 2005 thr
curitisations; te-label securitises (GSEs);
m of loans soes by mortgag
ket trading of BS), and such
0 June 2016, 2.2bn at the timrepurchase a s
statutory and/ainst the Grou
EC, Special Incticut and the rket practices
ties (R&Ws) wi
it sold to third
d by third-parturitisation, pro Group, the A
equired to rep
d with all R&Whad an original
ave been comthe Acquired Sepurchase reqfied) amount o
s. Cumulative idiary are appr
king, among ohes of R&Ws o 2007. This lit
rough 2008 inc
tisations;
old during thge originator a
f US residentiah trading activ
the Group hame they were substantial nu
/or common laup as of 30 Ju
spector GeneUS Attorney’sinvolving mor
ith respect to:
parties.
ty originators oviding more lAcquired Subsi
urchase the re
Ws made by the unpaid princi
mmenced by thSubsidiary muuests have alsof loans than trealised losse
roximately $1.
other things, in provided by tigation is ong
cluded:
is period andaffiliates of an
al mortgaged-vity continues
ad unresolved sold, and civil
umber of such
aw claims. Theune 2016 was
ral for the US Office for the
rtgage-backed
directly to thelimited R&Ws.diary or these
elated loans or
e Group or thepal balance of
he trustees forust repurchaseso alleged thatthe amount ofes reported at3bn. All of the
ndemnificationthe Acquired
going.
d n
-s
d l
h
e s
S e d
e .
e
r
e f
r e t f t e
n d
Financial
Barclays PLC
Claimed AmoIt is not curreeffect that the RMBS SecuritBackground IAs a result opurchasers olawsuits allegmaterially falconsiderationnumber of th Claimed AmoApproximate30 June 2016does not expentitled to ind Mortgage-relIn addition tauthorities harequests fromFinancial Framortgage-relnumber of firelated to therequests for iInspector Genfor both RMB Claimed AmoHowever, it isor what effecperiod. The c American DeBPLC, BBPLC action consoDepositary ShOffering). Background IThe plaintiffsOffering cont(including UScondition. Th In June 2016, Claimed AmoIt is not curreeffect that it m BDC FinanceBDC Financeconnection wParties relaterelating to the
Statement
C – 2016 Interim
ounts/Financiaently practicabey might have
ties Claims Information of some of theof RMBS sponsged, among otlse and mislen paid for the ese claims, an
ounts/Financialy $0.2bn of th
6. There were pect that, if it demnification
lated Investigato the RMBS ave been invesm the US Attoud Enforcemeated miscondnancial institue underwritinginformation anneral for the U
BS and CMBS. C
ounts/Financias not currentlyct that they most of resolvin
epositary Shar and various fo
olidated in thehares issued b
Information have assertedtained misstateS subprime-re
he plaintiffs hav
the SDNY cer
ounts/Financiaently practicabmight have up
L.L.C. e L.L.C. (BDC)with a portfolioed to BDC have Agreement.
t Notes
m Results
al Impact ble to provide e upon the Gro
e RMBS activitsored and/or ther things, thading statemeRMBS and rec
nd only one act
al Impact he original fac virtually no cu were to lose for a portion o
ations Repurchase R
stigating varioorney’s Office ent Task Forcuct. In connec
utions have eng, securitisationd subpoenas
US Troubled AsCertain of the
al Impact y practicable to
might have upong these invest
res ormer membee SDNY alleg
by BBPLC in Ap
d claims underements and om
elated) securitive not specific
tified the actio
al Impact ble to provide pon the Group’
) filed a compo of total retuve also sued
an estimate ooup’s operating
ties describedunderwritten
hat the RMBS ents and/or o
covery of monetion currently
ce amount of Rumulative realthe remaining
of applicable lo
Requests and ous aspects offor the Easter
ce (RMBS Woction with seventered into setn and sale of from the SECsset Relief Pro investigations
o provide an eon the Group’stigations could
rs of BPLC's Boing misstatem
pril 2008 with
r the Securitiesmissions concies, BBPLC’s e
cally alleged th
on as a class ac
an estimate o’s operating re
plaint againsturn swaps govBBPLC and BC
91
f the financialg results, cash
above, the G by the Group offering mateomissions andetary losses arremains pendi
RMBS related tlised losses reg pending actosses.
RMBS Securf the mortgagern District of Nrking Group),eral of the invettlements invoresidential mo
C, the US Attorgram (SIGTAR
s are at an adva
stimate of thes operating re
d individually o
oard of Directoments and om
an original fac
s Act of 1933, cerning (amonexposure to mhe amount of t
ction.
of the financiaesults, cash flow
t BBPLC in thverned by an CI in Connect
impact of the flows or finan
Group has beep between 200erials allegedlyd generally derising out of thing.
to the remainieported on thetion, any such
rities Claims, e-related businNew York rela which was festigations by
olving substanortgage-backerney’s Office foRP) related to tanced stage.
e financial impaesults, cash floor in aggregate
ors have been missions in ofce amount of a
alleging that tgst other thing
mortgage and heir damages.
l impact of thws or financia
he NY SupremISDA Master Aticut State Co
e actions descncial position in
n party to a n05 and 2008. y relied on by emanded rescheir ownership
ing pending acese RMBS as ah loss to be m
numerous regness. The Gro
ating to the RMformed to inv members of t
ntial monetary d securities. Tor the District trading practic
act of the actiows or financie prove to be s
named as defffering documapproximately
the offering dogs) BBPLC’s pocredit market .
e action descrl position in an
me Court allegAgreement (curt in connec
ribed on the Gn any particula
number of law As a general such purchas
cission and rep. The Group h
ction was outsat 30 June 201
material. The G
gulatory and up continues MBS Working
vestigate pre-fthe RMBS Wor payments res
The Group has of Connecticuces in the seco
ons describedal position in ubstantial.
fendants in a sments for certy $2.5 billion (t
ocuments for tortfolio of mor risk, and BBP
ribed on the Gny particular p
ging breach oollectively, the
ction with BBP
Group or whatar period.
wsuits filed by matter, thesesers containedcovery of thehas resolved a
standing as at16. The GroupGroup may be
governmentalto respond to Group of thefinancial crisisrking Group, asolving claimss also receivedut and Specialondary market
on the Groupany particular
securities classtain Americanthe April 2008
the April 2008rtgage-relatedPLC’s financial
Group or whatperiod.
of contract ine Agreement).PLC’s conduct
t
y e d e a
t p e
l o e s a s d l t
p r
s n 8
8 d l
t
n . t
Financial
Barclays PLC
Background IIn October 2failed to trans BDC asserts tcollateral anddispute the DProceedings a In SeptemberHoldings, L.LBBPLC’s condtortious interf Claimed AmoBDC has madamount does Civil Actions In April 2015approximatelAnti-Terrorismbanks, whichsuffering andFollowing BB Claimed AmoIt is not curreeffect that the Interest RateBPLC, BBPLCTrade Web, aallege defendtreble damaginvestors claito the presecorporations, Claimed AmoIt is not curreeffect it have Treasury AucNumerous puthat have serconsolidated US Treasury also allege tallegations in Claimed AmoIt is not curreeffect that the InvestigationThe SEC is indivision of Bresponding to
Statement
C – 2016 Interim
Information 008, BDC filedsfer approxima
that under the d that even if tDemand. BDC are currently p
r 2011, BDC’s L.C. also sued duct relating toference with b
ounts/Financiade claims agais not necessari
in respect of t, an amended y 250 plaintiffm Act (ATA) b in turn funde
d mental anguPLC’s motion t
ounts/Financiaently practicabey might have
Swap US CiviC, and BCI, togand ICAP, are ndants conspireges and legal fem to represenent, including, insurance com
ounts/Financiaently practicab upon the Gro
ction Securitieutative class acrved as prima in the Federalsecurities mar
that defendan the complain
ounts/Financiaently practicabey might have
n into Americanvestigating thBarclays’ Weao requests for
t Notes
m Results
d a complaintately $40m of
Agreement BBhe Agreementdemands dam
pending and a
investment ad BBPLC and Bo the Agreemebusiness and p
al Impact inst the Groupily reflect the G
the US Anti-T civil complainfs, alleging thaby facilitating Ud Hezbollah atish pursuant tto dismiss, in J
al Impact le to provide a
e upon the Gro
il Action gether with otnamed as defeed to prevent tees. Plaintiffs int a class that g, for examplmpanies and i
al Impact ble to provide up’s operating
es Civil Actionction complainry dealers in Court in Newrket in violatio
nts engaged its and is keepi
al Impact ble to provide e upon the Gro
as Wealth & Inhe non-performalth & Investm information.
t in the NY Su alleged excess
BPLC was not t entitled BBPL
mages totalling trial on liability
dvisor, BDCM BCI in Connecent, asserting c
prospective bus
p totalling $29Group’s potent
errorism Act nt was filed in tat BBPLC and aUS dollar denottacks that injuto the provisioJuly 2016, plain
an estimate of oup’s operating
her financial iendants in sevthe developmnclude certaintransacted in le, US retiremnvestment fun
an estimate og results, cash
s nts have been US Treasury s York. The com
on of US federn illegal “spoing all relevant
an estimate ooup’s operating
nvestment Manmance of certament Manage
92
upreme Court s collateral in r
entitled to disLC to dispute tg $298m plus y issues is cur
Fund Adviser,cticut State Coclaims for violsiness relation
98m plus attortial financial ex
the US Federala number of otominated transured the plaint
ons of the ATAntiffs filed a se
the financial img results, cash
institutions thveral antitrust cent of exchan
n swap executifixed-for-float
ment and pends.
f the financialflows or finan
filed in US Fedsecurities. Themplaints generral antitrust lawoofing” of thet agencies info
f the financialg results, cash
nagement Advain due diligen
ement, Americ
alleging that response to BD
pute the Demathe Demand be attorneys’ feerently schedul
, L.L.C. and itsourt for unspeation of the Co
ns. The parties
rneys’ fees, exxposure if a ru
l Court in the Ether banks engsactions for thtiffs’ family me
A, which allowecond amende
mpact of the a flows or finan
at act as marclass actions c
nges for IRS anion facilities, ating IRS with dnsion funds,
impact of thecial position in
deral Courts ae complaints hrally allege thaws, the CEA a
e US Treasuryormed.
impact of the flows or finan
visory Businesnce on third-pcas investmen
BBPLC breachDC’s October 2
and before traefore making tes, expenses, aed to occur in
s parent compecified damagonnecticut Un agreed to stay
xpenses, and puling were to b
Eastern Districgaged in a conhe Governmenembers. Plaint
ws for the triplied complaint.
actions describncial position in
ket makers foconsolidated innd demand un
as well as buy-defendants in t
municipalities
e actions descn any particula
against BCI andhave been or aat defendants cand state comy market. The
e actions descncial position in
ss party managernt advisory b
hed the Agree2008 demand
ansferring the athe transfer, Band pre-judge 2017.
pany, Black Diages allegedly rfair Trade Prac
y this case.
pre-judgemente made agains
ct of New Yorknspiracy and vt of Iran and v
tiffs seek to recng of any pro
bed on the Gron any particula
or interest raten the SDNY. Tnspecified moside investorsthe US from 1s, university
ribed on the Gar period.
d other financare in the proconspired to mmon law. Som
e Group is co
ribed on the Gn any particula
rs by the Manabusiness and
ement when it (Demand).
alleged excessBBPLC failed toment interest.
amond Capitalresulting fromctices Act and
t interest. Thisst it.
k by a group ofviolated the USvarious Iraniancover for pain,
oven damages.
oup or what ar period.
e swaps (IRS),he complaintsney damages,. The buy-side January 2008endowments,
Group or what
ial institutionsocess of beingmanipulate theme complaintsonsidering the
Group or whatar period.
ager Researchthe Group is
t
s o .
l m d
s
f S n , .
, s ,
e 8 ,
t
s g e s e
t
h s
Financial
Barclays PLC
Claimed AmoIt is not curreeffect that it m Retail StructuThe Group is products prov Claimed AmoIt is not curreeffect that it m InvestigationAbsa Bank Limits customersaccounts locaprocesses, syand is providi Claimed AmoIt is not curreeffect that the Portuguese CThe Portuguinformation aparticular refcooperating w Claimed AmoIt is not currehave upon op Credit DefauThe CommisDecember 20In July 2016 tfor CDS exchits investigati The Commisscredit derivatin the SDNY iof US$1.864bsubject to the Claimed AmoAside from ththe actions dfinancial posi General The Group is jurisdictions. time to time,fraud, trusts, and other sta The Group is proceedings protection m
Statement
C – 2016 Interim
ounts/Financiaently practicabmight have up
ured Products cooperating wvided to UK cu
ounts/Financiaently practicabmight have up
n into suspectemited, a subsids using import ated in Asia, U
ystems and coning informatio
ounts/Financiaently practicabey might have
Competition Auese Competitabout retail creference to mwith the invest
ounts/Financiaently practicabperating result
lt Swap (CDS)ssion and the 015 the Commthe Commissio
hange trading fon.
sion’s investigtive products. Tinvolving similbn (including ae right of class
ounts/Financiahe settlement
described on thtion in any pa
engaged in va It is subject to, including (bu client assets,
atutory and com
also subject toby regulatorseasures, comp
t Notes
m Results
al Impact ble to provide pon the Group’
s Investigationwith an enforcustomers from
al Impact ble to provide pon the Group’
ed money laundiary of Barcla advance paymK, Europe andntrols. The Gro
on to these aut
al Impact ble to provide e upon the Gro
Authority Investion Authorityedit products a
mortgages, contigation.
al Impact le to provide a
ts, cash flows o
) Antitrust Inv DOJ-AD com
mission announon announcedfrom each of t
ation related tThe DOJ-AD’s lar claims agaia payment of s members to o
al Impact discussed abohe Group or wrticular period
arious other leo legal proceedut not limited , competition, mmon law iss
o enquiries ans, governmentpliance with le
an estimate o’s operating re
n cement investig
m June 2008 to
an estimate o’s operating re
ndering relateays Africa Grouments to effect the US. As a r
oup is keepingthorities as par
an estimate ooup’s operating
stigation y is investigatamongst 15 bnsumer lendin
an estimate of or the Group’s
vestigations anmmenced inves
nced its decisiod its decision tthe remaining
to concerns ab investigation inst BBPLC, otUS $170 millioopt-out of the
ove, it is not cwhat effect tha
.
egal, competitdings by and a to) disputes data protectiues.
d examinationtal and other
egislation and
93
of the financiaesults, cash flow
gation comme the present.
of the financiaesults, cash flow
ed to foreign eup Limited, hast foreign excharesult, the Grou relevant auth
rt of its ongoin
f the financialg results, cash
ting whether banks in Portugng and lendi
the financial im financial posit
nd Civil Actionstigations intoon to close itsto accept lega entities subje
bout actions to is a civil invesher financial inon from BBPLC settlement an
urrently practat they might h
ion and regulaagainst the Groin relation to on, money la
ns, requests fo public bodieregulation, wh
l impact of thws or financia
enced by the F
l impact of thws or financia
exchange trans identified potange transfersup is conductiorities informe
ng cooperation
impact of the flows or finan
competition gal, including ng to small
mpact of the ation in any par
ns o the CDS ma investigationslly binding com
ect to the inves
o delay and prtigation and renstitutions, MaC). The settlem
nd to seek to fi
icable to provhave upon the
atory matters oup which ariscontracts, secundering, fina
r information,es in connectiholesale tradin
e action descrl position in an
FCA in connect
e action descrl position in an
nsactions in Sotentially fraud
s from South Ang a review ofed as to the onn.
e actions descncial position in
law was infrithe Group, ovand medium
action describerticular period
arket in 2011 s in respect of mmitments restigation, ISDA
revent the emeelates to similaarkit Ltd., and ment received le their own cl
ide an estimate Group’s oper
both in the UKse in the ordincurities, debt cancial crime, e
audits, investion with (but
ng activity and
ribed on the Gny particular p
tion with struc
ribed on the Gny particular p
outh African oulent activity b
Africa to benefif relevant activngoing status o
ribed on the Gn any particula
inged by the ver a period of enterprises. T
ed or what effe.
and 2009, ref BBPLC and 12elating to licenA and Markit L
ergence of excar issues. A civ ISDA was sett final approvalaims.
te of the finanrating results,
K and a numbary course of collection, conemployment, e
igations and le not limited t other areas o
Group or whatperiod.
ctured deposit
Group or whatperiod.
operation by certain of iciary
vity, of this matter
Group or whatar period.
exchange of 11 years withThe Group is
ect it might
espectively. In2 other banks.
nsing of inputsLtd., and close
change tradedvil class actiontled for a totall in April 2016
ncial impact of cash flows or
er of overseasbusiness from
nsumer credit,environmental
egal and otherto) consumer
of banking and
t
t
t
t
f h s
n . s e
d n l
6
f r
s m
, l
r r d
Financial
Barclays PLC
business actiappropriate in At the presenadverse effecspecifically dematerial to thamount of th
20. Rel
Related partyAnnual Repothe financial transactions dof the Group
Statement
C – 2016 Interim
ivities in whicn relation to th
nt time, the Groct on its financescribed in this
he Group’s resue loss resulting
lated party
y transactions rt. No related position or thedescribed in th in this period.
t Notes
m Results
ch the Group hese matters a
oup does not eial position. Hos note, there cults of operatiog from the ma
y transactio
in the period party transacte performancehe 2015 Annu
is or has beeand others des
expect the ultiowever, in ligh
can be no assuons or cash flo
atter(s) and the
ons
ended 30 Junetions that have of the Group
ual Report that
94
en engaged. Tcribed in this N
mate resolutioht of the uncerurance that theow for a partice amount of in
e 2016 were sve taken place p during this p could have a
The Group is Note on an on
on of any of thrtainties involve outcome of aular period, de
ncome otherw
similar in natur in the first 6
period and thematerial effect
keeping all regoing basis.
ese other mated in such ma
a particular maepending on, a
wise reported fo
re to those dismonths of 20
ere were no cht on the financ
elevant agenc
tters to have a atters and the matter or matteramongst otheror the reportin
sclosed in the 016 have matehanges in the rcial position or
ies briefed as
material matters rs will not be r things, the g period.
Group’s 2015erially affectedrelated partiesr performance
s
5 d s e
Financial
Barclays PLC
21. Seg
Analysis of res
Half year ende
Total income n
Credit impairm
Net operating
Operating expe
Other net (expe
Profit before ta
Total assets
Analysis of res
Half year ende
Total income n
Credit impairm
Net operating
Operating expe
Other net expe
Profit/(loss) b
Total assets 1 Other net (e
assets held f
Statement
C – 2016 Interim
gmental re
sults by busines
ed 30.06.16
net of insurance
ment charges and
income
enses
enses)/income1
ax
sults by busines
ed 30.06.16
net of insurance
ment charges and
income
enses
enses1
efore tax
expenses)/incomefor sale.
t Notes
m Results
eporting
ss
claims
d other provision
ss
claims
d other provision
represents: profit
ns
ns
t or (loss) on dispo
95
osal of undertakin
Barclay
3
3
(2
1
2
Barclays
11
10
(6
3
9
ngs, share of resul
ys UK
Barclay& In
£m
3,746
(366)
3,380
2,299)
(1)
,080
£bn
204.6
Core Barclay
£m
,599
(876)
0,723
6,747)
(9)
3,967
£bn
972.2
lts of associates &
ys Corporate nternational
£m
7,552
(509)
7,043
(4,309)
19
2,753
£bn
679.9
ys Non-Core
£m
(586)
(55)
(641)
(950)
(313)
(1,904)
£bn
379.1
& joint ventures, an
Head Office
£m
301
(1)
300
(139)
(27)
134
£bn
87.7
Barclays Group
£m
11,013
(931)
10,082
(7,697)
(322)
2,063
£bn
1,351.3
nd impairment on
e
m
)
)
)
n
p
m
)
)
)
3
n
n
Financial
Barclays PLC
Analysis of res
Half year ende
Total income n
Credit impairm
Net operating
Operating expe
Other net (expe
Profit before ta
Total assets
Analysis of res
Half year ende
Total income n
Credit impairm
Net operating
Operating expe
Other net expe
Profit/(loss) b
Total assets 1 Other net (e
assets held f
Split of income
UK
Europe
Americas
Africa and Mid
Asia
Total 1 The geograp
Statement
C – 2016 Interim
sults by busines
ed 30.06.15
net of insurance
ment charges and
income
enses
enses)/income1
ax
sults by busines
ed 30.06.15
net of insurance
ment charges and
income
enses
enses 1
efore tax
expenses)/incomefor sale.
e by geographic
dle East
phic region is base
t Notes
m Results
ss
claims
d other provision
ss
claims
d other provision
represents: profit
c region1
d on counterparty
ns
ns
t or (loss) on dispo
y location.
96
osal of undertakin
Barclay
3
3
(2
2
Barclays
11
10
(7
3
8
ngs, share of resul
ys UK
Barclay& In
£m
3,635
(333)
3,302
2,588)
(2)
712
£bn
202.2
Core Barclay
£m
,646
(718)
0,928
7,513)
(68)
3,347
£bn
830.5
lts of associates &
Half
ys Corporate nternational
£m
7,556
(384)
7,172
(4,820)
28
2,380
£bn
566.1
ys Non-Core
£m
465
(61)
404
(1,077)
(72)
(745)
£bn
366.2
& joint ventures, an
year ended 30.06.16
%
54
10
31
2
3
100
Head Office
£m
455
(1)
454
(105)
(94)
255
£bn
62.2
Barclays Group
£m
12,111
(779)
11,332
(8,590)
(140)
2,602
£bn
1,196.7
nd impairment on
Year ended31.12.15
%
55
10
30
2
3
100
e
m
)
)
)
n
p
m
)
)
)
n
n
d
%
Financial
Barclays PLC
22. Bar
Assets Investments in Loans and advaDerivative finanOther assets Total assets Liabilities Deposits from Subordinated lDebt securities
Total liabilities Equity
Called up shareShare premiumOther equity inCapital redempRetained earnin
Total sharehol
Total liabilities Investment in
The investmeincluding £5,to a cash con Loans and ad
During H1 20balance of £2Fixed and Flobalance of £Bank PLC in eadvances to s
Statement
C – 2016 Interim
rclays PLC
subsidiary ances to subsidincial instrument
banks iabilities
s in issue
s
e capital m account nstruments ption reserve ngs
ders' equity
s and sharehold
n subsidiary
ent in subsid321m (2015: £
ntribution mad
dvances to sub
016, Barclays P2,917m (2015oating Senior R11,770m (201each case withsubsidiary bala
t Notes
m Results
parent ba
iary t
ers' equity
iary of £35,4£5,321m) of A
de to Barclays B
bsidiary, subo
PLC issued $1.: £1,766m), an
Rate Notes, and15: £6,224m). h a ranking coance of £14,68
lance shee
17m (2015: £Additional Tier Bank PLC.
ordinated liabi
.25bn of Fixednd $4.3bn of Fd AUD 0.1bn o The proceedsrresponding to
87m (2015: £7
97
et
£35,303m) re 1 (AT1) secur
lities and debt
d Rate SubordiFixed Rate Senof Fixed Rate Ss raised throuo the notes iss
7,990m).
epresents inverities. The incr
t securities in
nated Notes innior Notes, YenSenior Notes inugh these transued by Barcla
estments madease of £114m
issue
ncluded withinn 20bn of Fixedncluded withinnsactions wereays PLC and in
As at 30.06.16
£m 35,417 14,687
255 62
50,421
496 2,917
11,770
15,183
4,228
17,535 5,321
394 7,760
35,238
50,421
de into Barclam during the p
n the subordind Rate Senior n the debt secue used to invecluded within
As at31.12.15
£m
35,303 7,990
210 133
43,636
494 1,766 6,224
8,484
4,201 17,385
5,321 394
7,851
35,152
43,636
ys Bank PLC,eriod was due
nated liabilitiesNotes, €1.7bnurities in issueest in Barclays the loans and
t 5
m
, e
s n e s d
Sharehold
Barclays PLC
Results timetaEx-dividend daDividend RecorScrip referenceCut off time of Revocation For
Dividend PaymQ3 2016 Result
For qualifying Uordinary sharesof business on
Exchange rate
Period end - US6 month averag3 month averagPeriod end - €/6 month averag3 month averagPeriod end - ZA6 month averag3 month averag
Share price daBarclays PLC (pBarclays PLC nBarclays AfricaBarclays Africa
For further info
Investor relatio
Kathryn McLela More informati
Registered offi1 Churchill Plac
Registrar
Equiniti, Aspec
Tel: +44 (0) 37
1 Note that th2 Any changes3 The average4 The change 5 Lines open 8
der Inform
C – 2016 Interim
ble1
ate
rd date
e share price set 4.30 pm (Londorms (as applicab
ment date /first dts Announceme
US and Canadians). The ADR dep Friday, 12 Augu
s3
S$/£
ge - US$/£
ge - US$/£
/£
ge - €/£
ge - €/£
AR/£
ge - ZAR/£
ge - ZAR/£
ata
p)
umber of shares Group Limited Group Limited
formation please
ons
and +44 (0) 20 7
ion on Barclays
ice
ce, London, E14
t House, Spence
71 384 20555 fro
ese announcemens to the Scrip Divid
e rates shown abov is the impact to G8.30am to 5.30pm
ation
m Results
and made availon time) for the ble)2
day of dealing inent
n resident ADR positary will posust 2016. The ex
s (m)
(formerly Absa (formerly Absa
e contact
7116 4943
can be found on
5HP, United Kin
er Road, Lancing
om the UK or +44
nt dates are provisidend Programme dve are derived fromBP reported inform UK time, Monday
able to shareho receipt of Mand
New Shares
holders, the intest the interim divx-dividend date
Group Limited) Group Limited)
n our website: h
ngdom. Tel: +44
g, West Sussex B
4 (0) 121 415 70
ional and subject tdates will be madem daily spot rates dmation. y to Friday, excludin
98
lders 2
date Forms or
erim dividend of vidend on Mond will be Wednesd
(ZAR)
number of shar
ome.barclays
(0) 20 7116 10
BN99 6DA Unite
004 from overse
to change. e available at homeduring the year.
ng public holidays
Date
11 August 12 August 18 August
26 August
19 Septem27 October
f 1p per ordinaryday, 19 Septembday, 10 August
30.0
122
30.0131614
res (m)
Media
Thom
00. Company nu
ed Kingdom.
eas.
e.barclays/dividen
in England and W
2016
2016
2016
2016
ber 2016
r 2016
y share becomesber 2016 to ADR2016.
06.16 31.12.15
1.34 1.48 1.43 1.53 1.43 1.52 1.21 1.36 1.29 1.39 1.27 1.39 9.63 23.14
22.17 20.83 21.51 21.56
06.16 31.12.1538.60 218.90 6,913 16,805 44.08 143.49
848 848
a relations
as Hoskin +44 (
umber: 48839
nds.
Wales.
s 4p per ADS (reR holders on the
30.06.15 31.1
1.57 1.52 1.53 1.41 (1 1.37 1.38 19.12 (1 18.16 18.49
30.06.15 260.50 16,773 182.98 848
0) 207 116 4755
epresenting 4 record at close
% Change4
12.15 30.06.15
(9%) (15%)(7%) (6%)(6%) (7%)11%) (14%)(7%) (6%)(9%) (8%)15%) 3%
6% 22% - 16%
5
5
) ) ) ) ) )
% % %