Barclays targets FY26 RoTE of greater than 12%

Sees Returns: RoTE of greater than 12%; Capital returns: plan to return at least GBP 10B 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: Group total income of c.GBP 30B; Costs: Group cost: income ratio of high 50s in percentage terms, implying Group total operating expenses of c.GBP 17B, based on targeted Group total income of c.GBP 30B. Cost target includes total gross efficiency savings of c.GBP 2B by 2026; Impairment: expect an LLR of 50-60bps through the cycle; Capital: 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 our prior guidance of c.GBP 19-26B; c.GBP 3-10bn RWAs from Basel 3.1, with implementation expected from 1 January 2027; c.GBP 16B RWAs from USCB moving to an Internal Ratings Based model, subject to model build and portfolio changes, implementation could be beyond 2026; 0.1% increase in Pillar 2A from Q125 until model implementation