Barclays targeting RoTE of greater than 10% in 2024

2024: Returns: targeting RoTE of greater than 10% and c.10.5% excluding inorganic activity; Income: targeting Barclays Group NII excluding IB and Head Office of c.GBP 11.0bn up from previous target of c.GBP 10.7bn, of which Barclays UK NII of c.GBP 6.3bn up from previous target of c.GBP 6.1bn; Costs: targeting Group cost: income ratio of c.63%, which includes c.GBP 1bn of gross efficiency savings in 2024; Impairment: expect an LLR of 50-60bps through the cycle; Capital: expect to operate within the CET1 ratio target range of 13-14%; c.GBP 16bn of RWAs from regulatory change now expected during Q125 due to USCB moving to Internal Ratings-Based models. Capital returns intention remains unchanged.