Strong Income Growth
Top line income increased by 11% to GBP 7.2 billion from GBP 6.5 billion in the same quarter last year. Group net interest income increased 16% year-on-year to GBP 3.3 billion.
Share Buyback Announcement
Barclays announced a GBP 500 million share buyback due to strong capital generation and a CET1 ratio of 14.1%.
Improved Return on Tangible Equity (RoTE)
Third quarter RoTE was 10.6%, with year-to-date RoTE at 12.3%. All divisions generated a double-digit RoTE.
Efficiency Savings Achieved Early
Barclays achieved its circa GBP 500 million gross efficiency savings target for 2025 one quarter earlier than planned.
U.K. Lending Momentum
U.K. lending showed strong momentum with a 17% year-on-year growth in corporate lending and mortgage growth for the past five quarters.