Strong Income and Profit Growth
Income grew by 14% year-on-year to GBP 7.2 billion. Profit before taxes increased by 28% to GBP 2.5 billion, and earnings per share rose by 41% to 11.7p.
Record Shareholder Distributions
Announced a GBP 1 billion buyback and a dividend per share of 3p, totaling GBP 1.4 billion in shareholder distributions for the first half of 2025, up 21% year-on-year.
Return on Tangible Equity (RoTE) Improvement
RoTE was 13.2% in the first half of the year, compared to 11.1% in the first half of 2024 and 9.9% in the second quarter of the previous year.
Investment Bank Performance
Investment Bank's RoTE improved by 2.6 percentage points year-on-year to 12.2%, with stable RWAs and increased market share.
Cost Efficiency
Achieved GBP 200 million of gross efficiency savings in the second quarter, contributing to a 4 percentage point improvement in the cost-to-income ratio to 59%.
U.S. Consumer Bank Growth
RoTE increased to 10.2%, with a 7% year-on-year increase in total income and a net interest margin expansion to 10.8%.