Barclays is targeting RoTE of greater than 10% in 2024 and c.10.5% excluding inorganic activity, with a greater than 12% target in 2026. The bank plans to return at least GBP 10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks. Plan to keep total dividend stable at 2023 level in absolute terms, with progressive dividend per share growth driven through share count reduction as a result of increased share buybacks. Dividends will continue to be paid semi-annually. This multiyear plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14%. Barclays is targeting Barclays Group NII excluding Barclays Investment Bank and Head Office of c.GBP 10.7bn, of which Barclays UK NII of c.GBP 6.1bn, in 2024. Targeting Group total income of c.GBP 30bn in 2026. It expects to continue to operate within the CET1 ratio target range of 13-14%.
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