Barclays Q1 2022 Results
Barclays has announced its Q1 2022 Results on 28 April 2022.
Conference call and webcast hosted by C.S. Venkatakrishnan, Group Chief Executive and Anna Cross, Group Finance Director
|Q1 2022 Results Announcement (PDF 287KB)
||Q1 2022 Results Presentation (PDF 1MB)||Webcast replay link|
Financial performance highlights
All figures include litigation and conduct
Group Chief Executive Officer’s review
Annual Report 2021
Strong economies need strong banks. This is true not only because finance is the lifeblood of economic prosperity, but also because the way banks facilitate that finance can have positive effects for society too.
Our 2022 Annual General Meeting
The Barclays PLC 2022 AGM was held on Wednesday 4 May 2022 at 11:00 am (UK time) at Manchester Central Convention Complex, Petersfield, Manchester, M2 3GX and electronically on an online platform as described in the Notice of Meeting available here (PDF 3.9MB).
Contact Investor Relations
For any enquiries, please do not hesitate to contact a member of the relevant team.
A strong Q1 performance demonstrated Barclays' ability to deliver broad-based income growth across all operating businesses. Group income was up 10% to £6.5bn, alongside profit before tax of £2.2bn and a RoTE of 11.5%. Our performance includes the relevant costs1 relating to the over-issuance of securities in the US and customer remediation of a legacy loan portfolio. Our income growth was driven partly by Global Markets, which has been helping clients navigate ongoing market volatility caused by geopolitical and economic challenges including the devastating war in Ukraine, and by the impact of higher interest rates in the US and UK.
We remain focused on the impact higher prices are having on our customers and our small business and corporate clients, all of whom are facing far harder conditions this year as a result of inflation, supply chain issues and higher energy costs. We will support them through this difficult period wherever we can, and support the wider economy just as we did through the COVID-19 pandemic.
Our diversified income streams, focus on costs and a Common Equity Tier 1 (CET1) ratio of 13.8% provide a strong platform to deliver our target of a greater than 10% RoTE for 2022. We remain focused on our three strategic priorities as the year progresses: delivering next-generation, digitised consumer financial services, producing sustainable growth in the Corporate and Investment Bank (CIB), and capturing opportunities as we transition to a low-carbon economy."