Barclays targeting RoTE of greater than 12% in 2026

Returns: targeting a greater than 12% RoTE; Capital returns: plan 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 multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14%; Income: targeting Group total income of c.GBP 30bn; Costs: targeting total Group operating expenses of c.GBP 17.0bn and a Group cost: income ratio of high 50s in percentage terms. This includes total gross efficiency savings of c.GBP 2bn by 2026; Impairment: expect an LLR of 50-60bps through the cycle; Capital: expect to operate within the CET1 ratio target range of 13-14%; Targeting IB RWAs of c.50% of Group RWAs in 2026; Impact of regulatory change on RWAs in line with prior guidance, expected to be at lower end of 5-10% of Group RWAs. This includes c.GBP 16bn RWAs expected in H224 due to USCB moving to Internal Ratings-Based models