barclays bank plc 2015 interim results
TRANSCRIPT
Barclays Bank PLC – 2015 Interim Results
Table of Contents
Interim Results Announcement Page
Basis of Preparation 1
Statement of Directors’ Responsibilities 2
Independent Auditors’ Review Report 3
Condensed Consolidated Income Statement 4
Condensed Consolidated Statement of Comprehensive Income 5
Condensed Consolidated Balance Sheet 6
Condensed Consolidated Statement of Changes in Equity 7
Condensed Consolidated Cash Flow Statement 8
Financial Statement Notes 9
Appendix
Barclays PLC Results Announcement 11
BARCLAYS BANK PLC, 1 CHURCHILL PLACE, LONDON, E14 5HP, UNITED KINGDOM. TELEPHONE: +44 (0) 20 7116 1000. COMPANY NO. 1026167
Barclays Bank PLC – 2015 Interim Results
Notes
The term Barclays or Group refers to Barclays PLC together with its subsidiaries and the term Barclays Bank PLC Group refers to Barclays Bank PLC
together with its subsidiaries. The term ‘The Group’ refers to Barclays Bank PLC together with its subsidiaries. Unless otherwise stated, the income
statement analysis compares the six months to 30 June 2015 to the corresponding six months of 2014 and balance sheet analysis as at 30 June with
comparatives relating to 31 December 2014. The abbreviations ‘£m’ and ‘£bn’ represent millions and thousands of millions of Pounds Sterling
respectively; the abbreviations ‘$m’ and ‘$bn’ represent millions and thousands of millions of US Dollars respectively; and ‘€m’ and ‘€bn’ represent
millions and thousands of millions of Euros respectively.
Comparatives pre Q214 have been restated to reflect the implementation of the Group structure changes and the reallocation of elements of the
Head Office results under the revised business structure. These restatements were detailed in our announcement on 10 July 2014, accessible at
http://www.barclays.com/barclays-investor-relations/results-and-reports.
Adjusted profit before tax, adjusted attributable profit and adjusted performance metrics have been presented to provide a more consistent basis for
comparing business performance between periods. Adjusting items are considered to be significant but not representative of the underlying
business performance. Items excluded from the adjusted measures are: the impact of own credit; goodwill impairment; provisions for UK customer
redress; gain on US Lehman acquisition assets; provisions for investigations and litigation relating to financial benchmarks; loss on sale of the
Spanish business; Education, Social Housing, and Local Authority (ESHLA) valuation revision; and gain on valuation of a component of the defined
retirement benefit liability. As management reviews adjusting items at a Group level, results by business are presented excluding these items. The
reconciliation of adjusted to statutory performance is done at a Group level only.
Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting
Standards (IFRS) are explained in the Results glossary that can be accessed at www.Barclays.com/results.
The information in this announcement, which was approved by the Board of Directors on 28 July 2015 does not comprise statutory accounts within
the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2014, which included certain
information required for the Joint Annual Report on Form 20-F of Barclays PLC and Barclays Bank PLC to the US Securities and Exchange
Commission (SEC) and which contained an unqualified audit report under Section 495 of the Companies Act 2006 (which did not make any
statements under Section 498 of the Companies Act 2006) have been delivered to the Registrar of Companies in accordance with Section 441 of the
Companies Act 2006.
These results will be furnished as a Form 6-K to the SEC as soon as practicable following their publication. Once furnished with the SEC, copies of the
Form 6-K will also be available from the Barclays Investor Relations website www.barclays.com/investorrelations and from the SEC’s website at
http://www.sec.gov.
Barclays is a frequent issuer in the debt capital markets and regularly meets with investors via formal road-shows and other ad hoc meetings.
Consistent with its usual practice, Barclays expects that from time to time over the coming quarter it will meet with investors globally to discuss
these results and other matters relating to the Group.
Forward-looking statements This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as
amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group. Barclays cautions readers that no forward-
looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ
materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not
relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘may’, ‘will’, ‘seek’, ‘continue’, ‘aim’, ‘anticipate’,
‘target’, ‘projected’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘achieve’ or other words of similar meaning. Examples of forward-looking
statements include, among others, statements regarding the Group’s future financial position, income growth, assets, impairment charges and
provisions, business strategy, capital, leverage and other regulatory ratios, payment of dividends (including dividend pay-out ratios), projected levels
of growth in the banking and financial markets, projected costs or savings, original and revised commitments and targets in connection with the
strategic cost programme and the Group Strategy Update, run-down of assets and businesses within Barclays Non-Core, estimates of capital
expenditures and plans and objectives for future operations, projected employee numbers and other statements that are not historical fact. By their
nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. These may be affected by
changes in legislation, the development of standards and interpretations under International Financial Reporting Standards, evolving practices with
regard to the interpretation and application of accounting and regulatory standards, the outcome of current and future legal proceedings and
regulatory investigations, future levels of conduct provisions, the policies and actions of governmental and regulatory authorities, geopolitical risks
and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other
regulatory rules (including with regard to the future structure of the Group) applicable to past, current and future periods; UK, US, Africa, Eurozone
and global macroeconomic and business conditions; the effects of continued volatility in credit markets; market related risks such as changes in
interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities;
volatility in capital markets; changes in credit ratings of any entities within the Group or any securities issued by such entities; the potential for one or
more countries exiting the Eurozone; the implementation of the strategic cost programme; and the success of future acquisitions, disposals and
other strategic transactions. A number of these influences and factors are beyond the Group’s control. As a result, the Group’s actual future results,
dividend payments, and capital and leverage ratios may differ materially from the plans, goals, and expectations set forth in the Group’s forward-
looking statements. Additional risks and factors which may impact the Group’s future financial condition and performance are identified in our
filings with the SEC (including, without limitation, our Annual Report on Form 20-F for the fiscal year ended 31 December 2014), which are available
on the SEC’s website at http://www.sec.gov.
Subject to our obligations under the applicable laws and regulations of the United Kingdom and the United States in relation to disclosure and
ongoing information, we undertake no obligation to update publicly or revise any forward looking statements, whether as a result of new
information, future events or otherwise.
Basis of Preparation
Barclays Bank PLC – 2015 Interim Results 1
More extensive disclosures are contained in the Barclays PLC Results Announcement for the period ended 30 June 2015,
attached, including risk exposures, business performance and certain notes to the Barclays PLC condensed consolidated
financial statements, which are materially the same as those for Barclays Bank PLC.
Barclays Bank PLC is a wholly owned subsidiary of Barclays PLC, which is the Group’s ultimate parent company. The
business activities of Barclays Bank PLC Group and Barclays PLC Group are fundamentally the same as the only difference is
the holding company, Barclays PLC. Reporting differences between Barclays Bank PLC and Barclays PLC are driven by the
holding company and resulting differences in funding structures. The significant differences are described below.
Instrument Type
Barclays PLC
£m
Barclays Bank
PLC
£m
Primary reason for difference
Preference shares - 5,846 Preference shares and capital notes issued by Barclays Bank
PLC are included within share capital in Barclays Bank PLC,
and presented as non-controlling interests in the financial
statements of Barclays PLC Group. Other shareholders’ equity - 487
Non-controlling interests (NCI)
6,294 2,153
Treasury shares (82) - Barclays PLC shares held for the purposes of employee share
schemes and for trading are recognised as available for sale
investments and trading portfolio assets respectively within
Barclays Bank PLC. Barclays PLC deducts these treasury
shares from shareholders’ equity.
Capital Redemption Reserve (CRR) 394 24 Arising from the redemption or exchange of Barclays PLC or
Barclays Bank PLC shares respectively.
Barclays Bank PLC Contingent Capital Notes (CCNs)
Barclays Bank PLC has in issue two series of CCNs. These both pay interest and principal to the holder unless the
consolidated CRD IV CET 1 ratio (FSA October 2012 transitional statement) of Barclays PLC falls below 7%, in which case
they are cancelled from the consolidated perspective. The coupon payable on the CCNs is higher than a market rate of
interest for a similar note without this risk.
The accounting for these instruments differs between the consolidated financial statements of Barclays PLC and Barclays
Bank PLC as follows:
In the case of the 7.675% CCN issuance, the cancellation is effected by an automatic legal transfer from the holder to
Barclays PLC. In these circumstances, Barclays Bank PLC remains liable to Barclays PLC. Barclays Bank PLC does not
benefit from the cancellation feature although it pays a higher than market rate for a similar note, and therefore the
initial fair value of the note recognised was higher than par. The difference between fair value and par is amortised to
the income statement over time.
In the case of the 7.75% CCN issuance, the cancellation is directly effected in Barclays Bank PLC. For Barclays Bank PLC,
the cancellation feature is separately valued from the host liability as an embedded derivative with changes in fair value
reported in the income statement. The initial fair value of the host liability recognised was higher than par by the
amount of the initial fair value of the derivative and the difference is amortised to the income statement over time.
Statement of Directors’ Responsibilities
Barclays Bank PLC – 2015 Interim Results 2
The Directors (who are listed below) confirm that the condensed consolidated interim financial statements set out on pages
4 to 10 have been prepared in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’, as
adopted by the European Union, and that the interim management report herein includes a fair review of the information
required by Disclosure and Transparency Rules 4.2.7R and 4.2.8R namely:
an indication of important events that have occurred during the six months ended 30 June 2015 and their impact on the
condensed consolidated interim financial statements, and a description of the principal risks and uncertainties for the
remaining six months of the financial year
material related party transactions in the six months ended 30 June 2015 and any material changes in the related party
transactions described in the last Annual Report
Signed on behalf of the Board by
John McFarlane Tushar Morzaria
Executive Chairman Group Finance Director
Barclays Bank PLC Board of Directors:
Executive Directors
John McFarlane (Executive Chairman)
Tushar Morzaria (Group Finance Director)
Non-executive Directors
Mike Ashley
Tim Breedon
Crawford Gillies
Reuben Jeffery
Wendy Lucas-Bull
Dambisa Moyo
Frits van Paasschen
Sir Michael Rake
Diane de Saint Victor
Diane Schueneman
Steve Thieke
Independent Auditors’ Review Report to Barclays Bank PLC
Barclays Bank PLC – 2015 Interim Results 3
Report on the condensed consolidated interim financial statements
Our conclusion We have reviewed the condensed consolidated interim financial statements, defined below, in the interim results
announcement of Barclays Bank PLC for the six months ended 30 June 2015. Based on our review, nothing has come to our
attention that causes us to believe that the condensed consolidated interim financial statements are not prepared, in all
material respects, in accordance with International Accounting Standard 34 as adopted by the European Union and the
Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority.
This conclusion is to be read in the context of what we say in the remainder of this report.
What we have reviewed The condensed consolidated interim financial statements, which are prepared by Barclays Bank PLC, comprise:
the condensed consolidated Balance Sheet as at 30 June 2015;
the condensed consolidated Income Statement for the six months ended 30 June 2015
the condensed consolidated statement of Comprehensive Income for the period then ended;
the condensed consolidated statement of Cash Flows for the period then ended;
the condensed consolidated statement of Changes in Equity for the period then ended; and
the related notes to the condensed consolidated interim financial statements.
As disclosed in note 1, the financial reporting framework that has been applied in the preparation of the full annual financial
statements of the group is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the
European Union.
The condensed consolidated interim financial statements included in the interim results announcement have been prepared
in accordance with International Accounting Standard 34, ‘Interim Financial Reporting’, as adopted by the European Union
and the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority.
What a review of condensed consolidated financial statements involves We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410,
‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’ issued by the Auditing
Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries,
primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures.
A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK
and Ireland) and, consequently, does not enable us to obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We have read the other information contained in the interim results announcement and considered whether it contains any
apparent misstatements or material inconsistencies with the information in the condensed consolidated interim financial
statements.
Responsibilities for the condensed consolidated interim financial statements and the review
Our responsibilities and those of the directors1,2 The interim results announcement, including the condensed consolidated interim financial statements, is the responsibility
of, and has been approved by, the directors. The directors are responsible for preparing the results announcement in
accordance with the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority.
Our responsibility is to express to the company a conclusion on the condensed consolidated interim financial statements in
the interim results announcement based on our review. This report, including the conclusion, has been prepared for and
only for the company for the purpose of complying with the Disclosure and Transparency Rules of the Financial Conduct
Authority and for no other purpose. We do not, in giving this conclusion, accept or assume responsibility for any other
purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly
agreed by our prior consent in writing.
PricewaterhouseCoopers LLP
Chartered Accountants
28 July 2015
London, United Kingdom
1 The maintenance and integrity of the Barclays website is the responsibility of the directors; the work carried out by the auditors does not involve
consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements
since they were initially presented on the website.
2 Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Condensed Consolidated Financial Statements
Barclays Bank PLC – 2015 Interim Results 4
Condensed Consolidated Income Statement (Unaudited)
Half Year Ended Half Year Ended
Continuing Operations 30.06.15 30.06.14
Notes1 £m £m
Net interest income 6,231 6,110
Net fee and commission income 4,013 4,270
Net trading income 2,662 2,545
Net investment income 923 356
Net premiums from insurance contracts 351 336
Other income (11) 13
Total income 14,169 13,630
Net claims and benefits incurred on insurance contracts (248) (240)
Total income net of insurance claims 13,921 13,390
Credit impairment charges and other provisions (973) (1,086)
Net operating income 12,948 12,304
Staff costs (4,864) (5,730)
Infrastructure costs (1,590) (1,568)
Administration and general expenses (3,211) (2,482)
Operating expenses (9,665) (9,780)
Loss on disposal of undertakings and share of results of associates and joint
ventures (136) (20)
Profit before tax 3,147 2,504
Tax (1,010) (906)
Profit after tax 2,137 1,598
Attributable to:
Equity holders of the parent 1,972 1,446
Non-controlling interests 2 165 152
Profit after tax 2,137 1,598
1 For notes specific to Barclays Bank PLC see pages 9 to 10 and for those that also relate to Barclays PLC see pages 56 to 90 in the Barclays PLC Results
Announcement.
Condensed Consolidated Financial Statements
Barclays Bank PLC – 2015 Interim Results 5
Condensed Consolidated Statement of Comprehensive Income (Unaudited)
Half Year Ended
Half Year Ended
Continuing Operations 30.06.15 30.06.14
Notes1 £m £m
Profit after tax 2,137 1,598
Other comprehensive (loss)/income that may be recycled to profit or loss:
Currency translation reserve (590) (1,056)
Available for sale reserve (278) 336
Cash flow hedge reserve (646) 254
Other 41 (18)
Total comprehensive (loss)/income that may be recycled to profit or loss (1,473) (484)
Other comprehensive (loss)/income not recycled to profit or loss:
Retirement benefit remeasurements (93) 236
Other comprehensive loss for the period (1,566) (248)
Comprehensive income for the period 571 1,350
Attributable to:
Equity holders of the parent 543 1,324
Non-controlling interests 28 26
Total comprehensive income for the period 571 1,350
1 For notes specific to Barclays Bank PLC see pages 9 to 10 and for those that also relate to Barclays PLC see pages 56 to 90 in the Barclays PLC Results
Announcement.
Condensed Consolidated Financial Statements
Barclays Bank PLC – 2015 Interim Results 6
Condensed Consolidated Balance Sheet (Unaudited)
As at As at
30.06.15 31.12.14
Assets Notes1 £m £m
Cash and balances at central banks 33,341 39,695
Items in the course of collection from other banks 1,227 1,210
Trading portfolio assets 98,105 114,755
Financial assets designated at fair value 33,335 38,300
Derivative financial instruments 341,470 440,076
Available for sale investments 96,255 86,105
Loans and advances to banks 45,107 42,657
Loans and advances to customers 430,719 427,767
Reverse repurchase agreements and other similar secured lending 93,138 131,753
Prepayments, accrued income and other assets 3,775 3,604
Investments in associates and joint ventures 577 711
Property, plant and equipment 3,620 3,786
Goodwill 4,832 4,887
Intangible assets 3,357 3,293
Current and deferred tax assets 4,510 4,464
Retirement benefit assets 33 56
Non-current assets classified as held for sale 4,154 15,574
Total assets 1,197,555 1,358,693
Liabilities
Deposits from banks 55,978 58,390
Items in the course of collection due to other banks 1,539 1,177
Customer accounts 438,445 427,868
Repurchase agreements and other similar secured borrowing 85,092 124,479
Trading portfolio liabilities 41,818 45,124
Financial liabilities designated at fair value 51,284 56,972
Derivative financial instruments 342,964 439,320
Debt securities in issue 75,525 86,099
Subordinated liabilities 20,155 21,685
Accruals, deferred income and other liabilities 11,854 11,432
Provisions 3,287 4,135
Current and deferred tax liabilities 904 1,278
Retirement benefit liabilities 1,091 1,574
Liabilities included in disposal groups classified as held for sale 1,909 13,115
Total liabilities 1,131,845 1,292,648
Equity
Called up share capital and share premium 4 14,472 14,472
Other reserves 948 2,322
Retained earnings 43,787 42,650
Shareholders' equity attributable to ordinary shareholders of parent 59,207 59,444
Other equity instruments 4,350 4,350
Total equity excluding non-controlling interests 63,557 63,794
Non-controlling interests 2 2,153 2,251
Total equity 65,710 66,045
Total liabilities and equity 1,197,555 1,358,693
1 For notes specific to Barclays Bank PLC see pages 9 to 10 and for those that also relate to Barclays PLC see pages 56 to 90 in the Barclays PLC Results
Announcement.
Condensed Consolidated Financial Statements
Barclays Bank PLC – 2015 Interim Results 7
Condensed Consolidated Statement of Changes in Equity (Unaudited)
Called up
Share Capital
and Share
Premium1
Other Equity
Instruments
Other
Reserves
Retained
Earnings Total
Non-
controlling
Interests1
Total
Equity
Half Year Ended 30.06.15 £m £m £m £m £m £m £m
Balance at 1 January 2015 14,472 4,350 2,322 42,650 63,794 2,251 66,045
Profit after tax - 159 - 1,813 1,972 165 2,137
Currency translation movements - - (463) - (463) (127) (590)
Available for sale investments - - (279) - (279) 1 (278)
Cash flow hedges - - (634) - (634) (12) (646)
Retirement benefit remeasurements - - - (94) (94) 1 (93)
Other - - - 41 41 - 41
Total comprehensive income for the year - 159 (1,376) 1,760 543 28 571
Other equity instruments coupons paid - (159) - 32 (127) - (127)
Equity settled share schemes - - - 303 303 - 303
Vesting of Barclays PLC shares under share-
based payment schemes - - - (706) (706) - (706)
Dividends paid - - - (595) (595) (129) (724)
Dividends on preference shares and other
shareholders' equity - - - (171) (171) - (171)
Capital contribution from Barclays PLC - - - 560 560 - 560
Other reserve movements - - 2 (46) (44) 3 (41)
Balance at 30 June 2015 14,472 4,350 948 43,787 63,557 2,153 65,710
Half Year Ended 31.12.14
Balance at 1 July 2014 14,479 4,350 (558) 44,718 62,989 2,130 65,119
Profit after tax - 160 - (1,078) (918) 174 (744)
Currency translation movements - - 1,501 - 1,501 41 1,542
Available for sale investments - - 87 - 87 3 90
Cash flow hedges - - 1,284 - 1,284 2 1,286
Retirement benefit remeasurements - - - (32) (32) 1 (31)
Other - - - (1) (1) - (1)
Total comprehensive income for the year - 160 2,872 (1,111) 1,921 221 2,142
Redemption of preference shares (7) - 8 (792) (791) - (791)
Other equity instruments coupons paid - (160) - 35 (125) - (125)
Equity settled share schemes - - - 314 314 - 314
Vesting of Barclays PLC shares under share-
based payment schemes - - - (91) (91) - (91)
Dividends paid - - - (185) (185) (93) (278)
Dividends on preference shares and other
shareholders' equity - - - (204) (204) - (204)
Capital contribution from Barclays PLC - - - - - - -
Other reserve movements - - - (34) (34) (7) (41)
Balance at 31 December 2014 14,472 4,350 2,322 42,650 63,794 2,251 66,045
Half Year Ended 30.06.14
Balance at 1 January 2014 14,494 2,078 (233) 44,670 61,009 2,211 63,220
Profit after tax - 90 - 1,356 1,446 152 1,598
Currency translation movements - - (941) - (941) (115) (1,056)
Available for sale investments - - 340 - 340 (4) 336
Cash flow hedges - - 260 - 260 (6) 254
Retirement benefit remeasurements - - - 237 237 (1) 236
Other - - - - - (18) (18) - (18)
Total comprehensive income for the year - - 90 - (341)- 1,575 1,324 26 - 1,350
Buyback and issue of equity instruments (15) 2,272 16 (1,683) 590 - 590
Other equity instruments coupons paid - (90) - 19 (71) - (71)
Equity settled share schemes - - - 379 379 - 379
Vesting of Barclays PLC shares under share-
based payment schemes - - - (775) (775) - (775)
Dividends paid - - - (636) (636) (97) (733)
Dividends on preference shares and other
shareholders' equity - - - (237) (237) - (237)
Capital contribution from Barclays PLC - - - 1,412 1,412 - 1,412
Other reserve movements - - - (6) (6) (10) (16)
Balance at 30 June 2014 14,479 4,350 (558) 44,718 62,989 2,130 65,119
1 Details of share capital and non-controlling interests are shown on page 10.
Condensed Consolidated Financial Statements
Barclays Bank PLC – 2015 Interim Results 8
Condensed Consolidated Cash Flow Statement (Unaudited)
Half Year Ended Half Year Ended
Continuing Operations 30.06.15 30.06.14
£m £m
Profit before tax 3,147 2,504
Adjustment for non-cash items 2,407 935
Changes in operating assets and liabilities 6,971 (3,795)
Corporate income tax paid (929) (624)
Net cash from operating activities 11,596 (980)
Net cash from investing activities (13,569) 7,463
Net cash from financing activities (1,019) (629)
Effect of exchange rates on cash and cash equivalents (255) (1,380)
Net increase/(decrease) in cash and cash equivalents (3,247) 4,474
Cash and cash equivalents at beginning of the period 78,479 81,754
Cash and cash equivalents at end of the period 75,232 86,228
Financial Statement Notes
Barclays Bank PLC – 2015 Interim Results 9
1. Accounting Policies
These condensed consolidated interim financial statements for the six months ended 30 June 2015 have been prepared in
accordance with the Disclosure and Transparency Rules of the Financial Conduct Authority and with IAS 34 Interim
Financial Reporting, as adopted by the European Union. The condensed consolidated interim financial statements should be
read in conjunction with the annual financial statements for the year ended 31 December 2014, which have been prepared
in accordance with IFRSs as adopted by the European Union.
The accounting policies and methods of computation used in these condensed consolidated interim financial statements
are the same as those used in the 2014 Annual Report.
Future accounting developments
During July 2015 the IASB confirmed the deferral of the effective date of IFRS 15 Revenue from Contracts with Customers by
one year to 1 January 2018.
For further information on future accounting changes, refer to the Barclays 2014 Annual Report.
Going Concern
The Directors confirm they are satisfied that the Group has adequate resources to continue in business for the foreseeable
future. They confirm that it is appropriate to adopt the going concern basis for preparing accounts and there are no
material uncertainties.
Financial Statement Notes
Barclays Bank PLC – 2015 Interim Results 10
2. Non-controlling Interests
Profit Attributable to Non-
controlling Interest
Equity Attributable to Non-
controlling Interest
Half Year Half Year
Ended Ended As at As at
30.06.15 30.06.14 30.06.15 31.12.14
£m £m £m £m
Barclays Africa Group Limited 165 149 2,149 2,247
Other non-controlling interests - 3 4 4
Total 165 152 2,153 2,251
3. Dividends
Half Year
Ended
30.06.15
Half Year
Ended
30.06.14
Dividends paid during the period £m £m
Ordinary shares 595 636
Preference shares 171 237
Total 766 873
4. Equity and Reserves
Ordinary Shares
At 30 June 2015 the issued ordinary share capital comprised 2,342 million (2014: 2,342 million) ordinary shares of £1 each.
Preference Shares
At 30 June 2015 the issued preference share capital comprised 1,000 Sterling Preference Shares of £1 each (2014: 1,000);
31,856 Euro Preference Shares of €100 each (2014: 31,856); 20,930 Sterling Preference Shares of £100 each (2014:
20,930); 58,133 US Dollar Preference Shares of $100 each (2014: 58,133); and 237 million US Dollar Preference Shares of
$0.25 each (2014: 237 million).
Other Equity Instruments
Other equity instruments of £4,350m (2014: £4,350m) include Additional Tier 1 (AT1) securities issued by Barclays Bank
PLC during 2013 and 2014.
The AT1 securities are perpetual securities with no fixed maturity and qualify as AT1 instruments under CRD IV.
Appendix: Barclays PLC Results Announcement
Barclays Bank PLC – 2015 Interim Results 11
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1 CHURCHILL PLACE
Barclays PLC
ments
E, LONDON, E14 5HP
, UNITED KINGDOM.
TELEPHONE: +44 (0)) 20 7116 1000. COMMPANY NO. 48839
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Notes
The term Barclathe six months tDecember 2014‘$m’ and ‘$bn’ millions of Euros
Comparatives pHead Office reshttp://www.barReferences thro‘provisions held
Adjusted profit comparing busbusiness performredress; gain onsale of the Spanthe defined retiritems. The reco
Relevant terms Standards (IFRS
The informationthe meaning ofinformation reqCommission (Sstatements undCompanies Act These results wForm 6-K will ahttp://www.secBarclays is a freConsistent withthese results an
Forward-lThis document amended, and Slooking statemematerially from relate only to hi‘target’, ‘projectstatements inclprovisions, busiof growth in thstrategic cost pexpenditures annature, forwardchanges in legisregard to the inregulatory invesand the impactregulatory rulesand global macinterest rates avolatility in capitmore countries other strategic tdividend paymelooking statemefilings with the Son the SEC’s we
Subject to our oongoing informinformation, fut
C – 2015 Interim
ays or Group refeto 30 June 2015
4. The abbreviatiorepresent millions respectively.
pre Q214 have besults under the rerclays.com/barcloughout this do for certain aspec
before tax, adjustiness performanmance. Items excn US Lehman acqnish business; Edrement benefit lia
onciliation of adju
that are used iS) are explained in
n in this announcf Section 434 of
quired for the JoEC) and which cer Section 498 of 2006. ill be furnished as
also be available c.gov. equent issuer in
h its usual practicd other matters r
looking sta contains certainSection 27A of tent is a guarante those contained istorical or currented’, ‘expect’, ‘esude, among othness strategy, cae banking and fi
programme and nd plans and obje-looking stateme
slation, the develnterpretation andstigations, future t of competition.s (including with croeconomic andnd foreign exchatal markets; chan exiting the Eurotransactions. A nents, and capital ents. Additional SEC (including, w
ebsite at http://w
obligations undemation, we undeture events or oth
m Results
ers to Barclays PLto the corresponons ‘£m’ and ‘£bns and thousand
een restated to revised business says-investor-relacument to ‘provcts of ongoing inv
ted attributable pce between percluded from the quisition assets; p
ducation, Social Hability. As manag
usted to statutory
n this documentn the Results glos
cement, which waf the Companies
oint Annual Repocontained an unf the Companies
s a Form 6-K to tfrom the Barclay
the debt capitalce, Barclays experelating to the Gr
atements n forward-lookinghe US Securities
ee of future perfo in the forward-lont facts. Forwardtimate’, ‘intend’, ers, statements pital, leverage annancial markets,the Group Strat
ectives for future ents involve risk aopment of standd application of levels of conduc. In addition, facregard to the fut
d business conditange rates; effecnges in credit ratiozone; the implemumber of these iand leverage ratrisks and factors
without limitationwww.sec.gov.
er the applicable rtake no obligat
herwise.
LC together with nding six monthsbn’ represent milds of millions of
eflect the implemstructure. These
ations/results-andvisions for ongovestigations invo
profit and adjusteiods. Adjusting iadjusted measurprovisions for on
Housing, and Locgement reviews ay performance is d
t but are not dessary that can be
as approved by ths Act 2006. Statort on Form 20
nqualified audit r Act 2006) have b
he SEC as soon ays Investor Relat
l markets and reects that from timoup.
g statements wi Act of 1933, as
ormance and thaooking statement
d-looking stateme ‘plan’, ‘goal’, ‘beregarding the G
nd other regulato projected costs
tegy Update, run operations, projeand uncertainty b
dards and interpreaccounting and
ct provisions, thectors including (bture structure of tions; the effects cts of changes inngs of any entitiementation of thenfluences and fa
tios may differ ms which may imp, our Annual Rep
laws and regulation to update p
its subsidiaries. of 2014 and ballions and thousaUS Dollars respe
mentation of the restatements wd-reports.
oing investigationlving certain auth
ed performance mitems are considres are: the impacngoing investigatcal Authority (ESHadjusting items adone at a Group
efined under app accessed at www
he Board of Directutory accounts -F of Barclays P
report under Secbeen delivered to
as practicable follotions website ww
egularly meets wme to time over t
thin the meanin amended, with
at actual results ots. These forwardents sometimes uelieve’, ‘achieve’ roup’s future finry ratios, paymen or savings, origi
n-down of assetsected employee nbecause they relaetations under In regulatory stand
e policies and actbut not limited tthe Group) appli of continued vo
n valuation of crees within the Groe strategic cost pctors are beyond
materially from thpact the Group’sport on Form 20-F
ations of the Unpublicly or revise
Unless otherwiseance sheet analy
ands of millions oectively; and ‘€m
Group structureere detailed in o
ns and litigationhorities and litiga
metrics have beendered to be signct of own credit; tions and litigatioHLA) valuation re
at a Group level, rlevel only.
plicable regulatow.Barclays.com/r
ctors on 28 July 2for the year end
PLC and Barclaysction 495 of the o the Registrar of
owing their publiww.barclays.com
with investors via the coming quar
g of Section 21Erespect to the G
or other financiad-looking statemuse words such aor other words o
nancial position, nt of dividends (inal and revised cs and businessesnumbers and othate to future eventernational Finandards, the outcotions of governmo) the followingcable to past, cu
olatility in credit medit market expoup or any securit
programme; and d the Group’s cone plans, goals, an
s future financial F for the fiscal ye
ited Kingdom ane any forward lo
e stated, the incoysis as at 30 Juneof Pounds Sterlin
m’ and ‘€bn’ repr
e changes and thour announcemen
primarily relatintion primarily rela
n presented to prnificant but not goodwill impairm
on primarily relatevision; and gainresults by busine
ry guidance or results.
2015 does not coded 31 Decembs Bank PLC to t Companies Act Companies in ac
ication. Once furn/investorrelation
formal road-shorter it will meet w
E of the US SecuGroup. Barclays c
l condition or pements can be iden
as ‘may’, ‘will’, ‘seof similar meaniincome growth, ncluding dividendcommitments ans within Barclaysher statements thnts and circumstncial Reporting S
ome of current aental and regulat may have an ef
urrent and future markets; market osures; changes ties issued by sucthe success of f
ntrol. As a result, nd expectations condition and p
ear ended 31 Dec
nd the United Staooking statemen
ome statement an with comparativ
ng respectively; tresent millions a
he reallocation ofnt on 10 July 20
ng to Foreign Exating to Foreign E
rovide a more corepresentative oment; provisions ting to Foreign Exn on valuation of ess are presented
International Fin
omprise statutoryer 2014, which the US Securitie 2006 (which di
ccordance with Se
nished with the Sns and from the
ows and other awith investors glo
urities Exchange autions readers t
erformance measntified by the facteek’, ‘continue’, ‘ng. Examples of assets, impairmd pay-out ratios)
nd targets in cons Non-Core, estihat are not histortances. These ma
Standards, evolvinand future legal ptory authorities, ffect: capital, lev periods; UK, US, related risks sucin valuation of i
ch entities; the pofuture acquisition the Group’s actuset forth in the G
performance are cember 2014), wh
ates in relation tnts, whether as
nalysis comparesves relating to 31the abbreviationsnd thousands of
f elements of the14, accessible at
xchange’ meansExchange.’
nsistent basis forf the underlying for UK customerxchange; loss on a component of
d excluding these
ancial Reporting
y accounts withinincluded certain
es and Exchanged not make anyection 441 of the
SEC, copies of theSEC’s website at
ad hoc meetings.obally to discuss
Act of 1934, asthat no forward-
sures could differ that they do notaim’, ‘anticipate’, forward-lookingent charges and, projected levelsnection with themates of capital
rical fact. By theiray be affected byng practices withproceedings andgeopolitical risks
verage and other Africa, Eurozonech as changes inssued securities;
otential for one orns, disposals andual future results,Group’s forward- identified in ourhich are available
o disclosure anda result of new
s
s f
e t
s
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n n e y e
e t
. s
s -r t ,
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Performa
Barclays PLC
Continued p
11% grooperatin6.5%)
Solid reton averathrough
Further (Decemb4.5%), h
Strong pincreasin2014: 3.
A 7% reexpense
Progressof authoin the FISDAFIX
Net tangperiod winterest
Statutory£615m (
Material adj
Additionprimarily
Additionestimatein Q215
A £496mto resolv
A £429mretireme
A £118mreserves
nce Highlig
C – 2015 Interim
progress on
owth in Grong businesse
turn on averaage equity to positive cos
run down ober 2014: £7
having reduc
progress onng to 11.1%7%), achievi
eduction in es excluding
s on legacy lorities in Q21oreign Exch
X benchmark
gible asset vawas more thrates and cu
y profit befo(H114: £848
justing items
al provisionsy relating to F
al UK custome of future red
m (H114: £nilve outstandin
m (H114: £nilnt benefit lia
m (H114: £ni recycled upo
ghts
m Results
our strategy
oup adjusteds. Group adj
age equity po 11.1% (H1
st to income
of the Non-C75bn). Non-Ced average a
capital and% (Decembeing our 2016
total adjustcosts to ach
itigation and15 in relationange marke
alue per sharhan offset burrency move
ore tax increm)
s:
s of £800m (Foreign Excha
mer redress dress and as
l) gain on USng litigation w
) gain was rebility was alig
il) loss was ron the compl
y:
d profit befjusted return
performance 114: 11.0%)jaws, with an
Core businesCore dilutionallocated equ
d leverage, r 2014: 10.3
6 targets
ed operatingieve to £7,94
d conduct mn to industryet and an in
re decreasedy dividend dements on re
eased 25% t
(H114: £nil) ange, taking
provisions osociated cos
Lehman acqwith the Trust
ecognised in gned to statu
recognised inletion of the S
2
fore tax to n on average
across the b, driven by an increase in
ss, with riskn of the Grouity by £4bn
with the fu3%) and the
g expenses 46m, driven
matters, with y-wide investdustry-wide
d to 279p (Dedistributionseserves
o £3,114m,
were made the total pro
f £1,032m (ts. This inclu
quisition assetee of Lehma
Q115 as tutory provisio
n Q115 primaSpanish busi
£3,729m ree shareholde
businesses rea 10% incre
n average allo
k weighted aoup’s return
to £10bn
lly loaded ce leverage ra
to £8,262mby savings fr
settlements tigations into investigatio
ecember 201s and the im
which inclu
in H115 for visions to £2
H114: £900muded an addit
ets was recogan Brothers In
the valuationons
arily relating ness sale
eflecting impers’ equity in
esulted in anase in profitocated equit
assets (RWAon average
common equatio increasi
m and a 5% rom strategi
of £1,608mo certain sal
on into the s
14: 285p) asmpact of cha
ded a net lo
ongoing inv2,050m
m) were taketional provisi
gnised in Q21nc.
n of a com
to accumula
provements ncreased to 7
n increase int before tax ty of £6bn to
As) decreasinequity was 3
uity tier 1 (ing to 4.1%
reduction ic cost progra
reached wites and tradisetting of th
s profit generanges in ma
oss in adjust
vestigations a
en based onion of £850m
15 reflecting
mponent of
ated currenc
in all Core7.7% (H114:
Core return to £4,241m
o £47bn
ng to £57bn3.4% (2014:
(CET1) ratio% (December
in operatingammes
th a numberng practices
he US Dollar
rated for theajor forward
ing items of
and litigation
an updatedm recognised
a settlement
the defined
y translation
e :
n m
n :
o r
g
r s r
e d
f
n
d d
t
d
n
Performa
Barclays PLC
Barclays Grfor the six m Total income nCredit impairmNet operating Operating expeLitigation and cOperating expCosts to achievTotal operatingOther net expeProfit before taTax charge1 Profit after taxNon-controllingOther equity inAttributable pr PerformancReturn on averAverage tangibReturn on averAverage sharehCost: income raLoan loss rate ( Basic earnings Dividend per sh
Balance sheNet tangible asNet asset valueLeverage expos
Capital manCRD IV fully loCommon equitCommon equitTier 1 capital Risk weighted aLeverage ratio
Funding andGroup liquidityEstimated CRDLoan: deposit r Adjusted profiAdjusted profiOwn credit Gain on US LehGain on valuatiProvisions for oProvisions for ULoss on sale ofStatutory profi
1 The effective
include adju2 The profit af
net amount return on av
3 Loan: depos
nce Highlig
C – 2015 Interim
oup results months ende
net of insurance ment charges and
income enses conduct enses excluding
ve g expenses
enses ax
x g interests
nterests2 rofit
ce measures
rage tangible shable shareholdersrage shareholderholders' equity (atio (bps)
per share2
hare
eet and leversset value per she per share sure
nagement
oaded ty tier 1 ratio
ty tier 1 capital
assets
d liquidity
y pool D IV liquidity covratio3
t reconciliation t before tax
hman acquisitionion of a componongoing investigUK customer redf the Spanish buit before tax
e tax rate for H11usting items and thfter tax attributabl of £127m (H114:
verage tangible shasit ratio for PCB, Ba
ghts
m Results
ed
claims d other provision
g costs to achie
areholders' equits' equity (£bn) rs' equity2 £bn)
rage
hare
erage ratio
for the six mon
n assets nent of the defingations and litigadress siness
15 is the expectedhe UK bank levy, arle to other equity £71m), along witareholders’ equity arclaycard, Africa B
30
1ns
1(7
eve (7
(8
3(
ty2
nths ended
ned retirement bation primarily r
d full year rate adjre recognised in th holders of £159mth non-controlling and return on aveBanking and Non-C
3
Adjust
.06.15 30.0£m
2,982 13,(973) (1,
2,009 12,7,812) (8,(134) (
7,946) (8,3(316) (
8,262) (8,8(18)
3,729 3,1,077) (1,2,652 2,(338) ((159)
2,155 1,
9.1% 748
7.7% 656
64%
40
13.1p 12.0p
benefit liability relating to Foreig
justed for the impe period in which t
m (H114: £90m) is interests (NCI) is
erage shareholdersCore retail.
ted
06.14 £m % Chan
,332 086) ,246 172) 211) 3383) 494) 3877) (20)
,349 109) ,240 390) (90) (7
,760 2
7.5% 47
6.5% 55
67% 45
0.9p 2.0p
gn Exchange
act of significant they occur. offset by a tax cre deducted from prs’ equity.
30.06.nge £(3) 13,8810 (97(2) 12,91
4 (7,3836 (1,96
5 (9,3436 (31
7 (9,6610 (1311 3,11
3 (1,0018 2,1013 (3377) (1522 1,61
6.9 4 5.9 5 70 4
9. 2.
30.06. 27 32 £1,139
30.06.
11.1 £42.0 £46.5 £377 4.1
30.06. £145 121 88
30.06. 3,72 41 49 42 (80 (1,03 (11
3,11
one-off items. Th
edit recorded in rerofit after tax in or
Statutory
15 30.06.14£m £m88 13,38473) (1,08615 12,29883) (8,17266) (1,11149) (9,28316) (49465) (9,77736) (2014 2,50106) (89508 1,60638) (39059) (9011 1,126
9% 4.9%48 479% 4.2%56 540% 73%40 45
9p 7.0p0p 2.0p
15 31.12.149p 285p8p 335pbn £1,233bn
15 31.12.14
1% 10.3%bn £41.5bnbn £46.0bnbn £402bn
1% 3.7%
15 31.12.14bn £149bn
1% 124%8% 89%
15 30.06.1429 3,34910 5296 -29 -00) -32) (90018) -14 2,501
he tax impacts of s
eserves of £32m (Hrder to calculate ea
4
m % Change 4 4 6) 10 8 5 2) 10
) (77) ) (1)
4) 36 ) 1
0) 1 25 5) (12) 6 31 0) 13 0) (77) 6 43
% 7 % 4 % 5
p p
4 p p n
4
% n n n
%
4 n
% %
4 9 2 - - -
0) - 1
such items, which
(H114: £19m). Thearnings per share,
h
e ,
Performa
Barclays PLC
Barclays Coresults for t
Total income nCredit impairmprovisions
Net operating Operating expeLitigation and cCosts to achievTotal operatingOther net (expeProfit/(loss) bTax (charge)/cProfit/(loss) afNon-controllingOther equity inAttributable pr
PerformancReturn on averAverage allocatReturn on averAverage allocatPeriod end alloCost: income raLoan loss rate (Basic earnings
Capital manRisk weighted aLeverage expos
Income by bPersonal and CBarclaycard
Africa Banking
Investment BanHead Office
Barclays Core
Barclays Non-CBarclays Group
Profit/(lossPersonal and CBarclaycard
Africa Banking
Investment BanHead Office
Barclays Core
Barclays Non-CBarclays Group
1 Return on a
Group return
nce Highlig
C – 2015 Interim
ore and Non-the six month
net of insurance ment charges and
income
enses
conduct
ve
g expenses
enses)/income
efore tax credit
fter tax g interests
nterests
rofit/(loss)
ce measures
rage tangible equted tangible equ
rage equity1
ted equity (£bn)ocated equity (£batio
(bps)
per share contr
nagement
assets sure
business
Corporate Bankin
nk
Core
p adjusted total
) before tax Corporate Bankin
nk
Core
p adjusted prof
verage equity andns and Barclays C
ghts
m Results
Core hs ended
claims
d other
uity1
uity (£bn)
)
bn)
ibution
ng
l income
by business
ng
it before tax
d average tangibleCore returns. This
30.06.15
£m
12,940
(936)
12,004 (7,359)
(89)
(293)
(7,741)
(22)
4,241 (1,250)
2,991 (306)
(128)
2,557
13.4%
39 11.1%
47 47
60%
44 15.5p
30.06.15
£320bn
£973bn
e equity for Barclay does not represen
4
Barclays Core
30.06.14 £m
12,674
(937)
11,737 (7,314)
(177) (453)
(7,944) 47
3,840 (1,233) 2,607 (315)
(68) 2,224
13.5% 33
11.0% 41 42
63% 46
13.8p
31.12.14 £327bn £956bn
ays Non-Core reprent the return on a
% Change
2
-
2 (1) 50 35
3
10 (1) 15
3 (88) 15
30.06
4,32,31,84,2
12,9
12,9
30.06
1,575
1,4(6
4,2(5
3,7
esents its impact average equity an
30.06.15 £m 42
(37)
5 (453) (45) (23) (521) 4 (512) 173 (339) (32) (31) (402)
(4.3%) 10 (3.4%) 10 8 n/m 10 (2.4p)
30.06.15 £57bn £166bn
.15
£m 84 57 58 99 42 40 42 82
.15
£m 28 95 40
440 62) 41 12) 29
on the Group, beind average tangibl
Barclays Non-C
5 30.06.14 m £m
658
) (149)
509 ) (860) ) (33) ) (41) ) (934) (66) ) (491) 124 ) (367) ) (75) ) (22) ) (464)
) (6.0%) 14 ) (4.5%) 14 13
m n/m 45 ) (2.9p)
5 31.12.14 n £75bn n £277bn
30.06.14 £m
4,361 2,124 1,773 4,257
159 12,674
658 13,332
30.06.14 £m
1,468 764 484
1,058 66
3,840 (491)
3,349
ing the difference le equity of the N
Core
% Change (94)
75
(99) 47 (36) 44 44 (4) 40 8 57 (41) 13
% Change1
11 5 1
(74)2
(94)(3)
% Change4 4
12 36
10 (4)11
between BarclaysNon-Core business.
e ) ) )
e )
s .
Executive
Barclays PLC
“The results r Group profitsrundown consettlements wresolve. I am although we strengthen th Barclays todamore that canpriorities whic Our first priorare good at it That means ainvestment bis marginal or A sensibly plain 2017 when I am personachallenge for The second m It was particuthat has risen However, theis 70%, which We need to aat least in linethereby over The Board haimproving thestrength. Oveprogressive d I am not issuiachieved an 1 The third priodriven cultureunnecessary Crucially we mthis business There is a lot John McFarla
e Chairman
C – 2015 Interim
reported today
s are up on botntinues, costs rwith certain aupleased that owill continue t
he ratios.
ay has a good pn be done to dch I have estab
rity is to delivet and what is fi
aligning our efanking in Euror which will no
anned faster run we expect to
lly pleased wit the team is to
major priority o
ularly pleasing n above 11% fo
e Group returnh is high for ou
ccelerate growe with the martime achieve a
as concluded te returns of ther time, rather dividend policy
ing new target11% CET1 rati
ority is to instile. We need to and cumbersomust do this in in the right wa
we can do to
ane, Executive
n’s Review
m Results
y represent con
th an adjustedremain under c
uthorities in theour CET1 and lto build capita
portfolio of budeliver better reblished since b
er on our strateinancially com
ffort and investope and the USot deliver the re
un-down of Bao reintegrate it
th recent progo convert this p
of the group is
this half to seeor the first tim
on equity is 5ur business mi
wth in earningsrket, reduce oua Group return
hat it is approphe business and than targetingy, recognising t
ts for the Grouo, we would li
a high performbe much more
ome bureaucran a way which ay.
accelerate our
e Chairman
ntinued good
d and statutorycontrol, and we first half in reeverage ratiosl in the medium
usinesses. Howeturns for sharbecoming Exec
egy, with incrempelling to us.
tment behind S, our cards bueturn on equit
arclays Non-Co into the Core.
ress in the Inveperformance in
s to accelerate
e a strong recome and a levera
.9% on a statuix.
s, return on equr Group cost-n on equity abo
priate to plan fd acceleratingg a particular pthe importanc
up, but can conke this to cont
mance ethic ane customer anacy, and to em is consistent w
r progress and
5
progress for th
y basis, and ouwe continue to espect of Fores are now abovm term, balan
wever, we needreholders, fastcutive Chairma
eased focus on
our key franchusiness, and onty we require.
ore will be imp
estment Bank.nto sustainabl
the delivery of
overy in earninage ratio above
utory basis, we
quity, and capi-income ratio iove our cost of
for a 6.5p divid the implemen
payout ratio race of dividend y
nfirm that we wtinue to impro
nd process acrnd client orientmbed direct acc
with our value
d the work has
he business.
ur core franchis seek to put coign Exchange
ve 11% and 4%cing the need
d to accelerateter, and that wan earlier this
n our core fran
hises of UK pern Africa. We w
plemented, res
. It has generae economic re
f shareholder v
ngs, broadly flae 4%, both ach
ell short of our
tal generationnto the mid 50f equity.
dend for 2015ntation of the sange, we will ayield in deliver
will adhere to ve over time s
ross the Grouptated in our apcountability foes, and with str
already begun
ses have perfoonduct issues band ISDAFIX,
% respectively to fund growt
the executionwork has begun
month.
chises: what w
rsonal and comwill also act qui
sulting in it hav
ated a double-eturns through
value.
at costs on a shieving our 20
r cost of equity
. To do this, w0s, accrete and
, the same levestrategy, whileim to maintainring returns to
our remainingo that we reac
p, underpinnedpproach, to stre
r activities witrong controls i
n.”
ormed well. Nobehind us. Wealthough there. These are satth with the nee
n of the strategn under three G
we are good at
mmercial bankckly to curtail
ving around £2
digit return in h subsequent p
tatutory basis,16 targets.
y, and our cost
we intend to grd deploy capita
el as 2014, as e maintaining cn a sustainable shareholders.
g targets. Nowch our end stat
d by an enhaneamline and ethin our businein place, so tha
on-Core e announced e is more to tisfactory, ed to
gy. There is Group
t, where we
king, activity which
20bn of RWAs
H1, and the periods.
, a CET1 ratio
t-income ratio
ow revenues al wisely, and
we focus on capital e and
w that we havete.
ced values liminate esses. at we build
s
e
Group Fin
Barclays PLC
Income st
Group perfor Adjusted Adjusted
Core inco Impairme Adjusted
particularconduct c
Statutory of provisioof additio£nil) gainsale of the
The effectdecreasedsignificanthey occu
Adjusted equity of
Core perform Profit bef
£540m in Income in
- Barcla- Africa
to the- PCB in
incom- Net in
growtincrea
- InvestincomCredit
Credit impimproving5% in Barreduced 2
Total opethe Invesincreasedincluding
Attributabredeploye
Non-Core pe Loss befo
- A reduimpacAutho
- An imhigher
- A 44%the Sp
Non-Core£10bn (H
nance Direc
C – 2015 Interim
tatement
rmance profit before tincome decrea
ome increasingent reduced 10
total operatinrly in Non-Corcharges were £ profit before ons for UK cus
onal provisionsn on the valuate Spanish busitive tax rate ond to 32.3% (H
nt one-off itemur
attributable p7.7% (H114: 6
mance fore tax increan Africa Bankinncreased 2% toaycard incomea Banking incoe continued proncome increas
me due to mortnterest incometh and margin ased 11bps to tment Bank in
me in rates andt income pairment charg UK economicrclaycard whic2bps to 44bps erating expensstment Bank ad 19% to £1,01 certain markeble profit increed from Non-C
erformance ore tax increaseuction in incomct of the sale ority (ESHLA) p
mprovement inr recoveries in
% reduction inpanish businese return on ave114: £14bn). P
ctor’s Revi
m Results
tax increased 1ased 3% to £1
g 2% to £12,940% to £973m, g expenses w
re and the Inv£134m (H114:tax was £3,11stomer redresss for ongoing intion of a compiness and an on adjusted proH114: 35.8%)
ms, including a
profit was £2,6.5%)
ased 10% to £ng, 4% to £1,5o £12,940m
e increased 11%me increased ogress on the sed 1% to £4,3tgage margin pe in PCB, Barcla improvement4.17%
ncome increasd currency pro
rges were in lic environmentch was accom
ses decreased and lower cos17m primarily eting costs andeased 15% to Core, resulting
ed to £512m (me of £616m t of the Spaniportfolio of £1
n impairment t Europe total operatin
ss and reducederage equity dPeriod end allo
iew
11% to £3,72912,982m as No40m with the Grou
were down 7%vestment Bank: £211m) 14m (H114: £2s, a £496m ganvestigations aponent of the own credit gainofit before tax ). The reductiadjusting item
155m (H114:
£4,241m with 28m in Person
% to £2,357m 5% to £1,858retail banking 384m due to pressure aycard and Aft in PCB, and v
sed 1% to £4oducts, and a
ne at £936m t resulting in l
mpanied by loa
3% to £7,741sts to achieve due to contind the non-recu £2,557m, wh in an increase
(H114: £491mto £42m followsh business, a75m (H114: £to £37m (H11
ng expenses tod costs to achiilution was 3.4ocated equity r
6
9m reflecting imon-Core incom
up loan loss rat% to £8,262m a
k. Costs to ac
2,501m) whicain (H114: £niland litigation pdefined retirem
n of £410m (Hdecreased to 2on reflects ths and the UK
£1,760m) res
improvementnal and Corpor
reflecting gro8m reflecting s turnaround ingood growth
frica Banking involume growth
4,299m reflectn increase in
(H114: £937mower default r
ans and advan
m, reflecting e of £293m (
nued investmeurrence of a H1ile average all
e in Core return
) reflecting: wing assets anand fair value
£29m) 4: £149m) pr
o £521m due eve 4% (H114: 4.5reduced to £8
mprovements me reduced £6
te improving 5as a result of
chieve were £3
h also include) on US Lehmaprimarily relatment benefit l
H114: £52m) 28.9% (H114: he expected f bank levy, wh
sulting in an a
ts of 36% to £rate Banking (P
owth in US cardstrong growth n South Africa in Corporate,
ncreased 7% th in Barclaycar
ting an improEquities incom
m). This reflectrates and charces growth of
savings from (2014: £453mnt in business114 VAT refunocated equity
n on average e
nd securities rue losses on th
rimarily reflect
to savings fro
5%) reflecting bn (December
in all Core ope16m to £42m
5bps to 40bps savings from 316m (H114:
ed an additionan acquisitioning to Foreigniability, a £11
33.1%) and oull year rate ahich is recogn
adjusted retur
£1,440m in thPCB) and 4% t
ds and Busines in Retail and B
partially offset
to £5,975m drrd and Africa B
vement in Mame, partially o
ted lower imprges in Corporf 11% from Ju
strategic costm). Barclaycards growth and tnd y increased £6equity to 11.1%
un-down, busihe Education,
ting the sale o
m strategic co
a reduction inr 2014: £11bn
erating busine. This was par
strategic cost £494m) and
al £1,032m (H assets, £800m Exchange, a £8m (H114: £n
on statutory pradjusted for t
nised in the pe
n on average
e Investment to £795m in B
ss Solutions Business Bank
t by a reductio
riven by lendinBanking. Net in
acro income doffset by lower
pairments in Pate, offset by
une 2014. The
programmes,d total operatthe impact of
bn to £47bn a% (H114: 11.0%
ness disposals Social Housin
of the Spanish
ost programm
n average alloc)
esses rtially offset by
programmes, litigation and
H114: £900m)m (H114: £nil)£429m (H114:nil) loss on the
rofit before taxthe impact oferiod in which
shareholders’
Bank, 12% toarclaycard
king (RBB) due
on in Personal
ng and depositnterest margin
due to higherr Banking and
CB due to thean increase of loan loss rate
, principally inting expensesone-off items,
as capital was%)
s including theng, and Local
business and
es, the sale of
cated equity to
y
, d
) ) :
e
x f h
’
o
e
l
t n
r d
e f e
n s ,
s
e l
d
f
o
Group Fin
Barclays PLC
Balance s
Balance shee
Total assereverse re
- Total balanc
Customerresult of business
Total shacontrollinreserves orate moveUSD. Thisunder emprofit of £
Net asset 2014: 285equity as
Leverage exp
Leverage
- Securreducdeleve
- The Plegacy
- Deriva£341bincrea
Capital ratios
The fully £377bn a
- The inthe imCET1
- The rethe SpBank d
The levera(Decembe
nance Direc
C – 2015 Interim
heet and c
et
ets decreased epurchase agre
loans and adces was partia
r accounts inchigher settlem
reholders’ equg interests, sof £1.4bn incluements, and as was partially
mployee share £1.8bn offset b
value and net5p) respectiveldetailed above
posure
exposure decr
ities Financinging £39bn toeraged
Potential Futury portfolio run
ative leverage bn, offset by aases in major fo
s
loaded CRD IVand an increase
ncrease in CETmpacts of own
capital by £0.3
eduction in RWpanish businesdriven by risk r
age ratio increer 2014: £1,23
ctor’s Revi
m Results
capital
12% to £1,19eements
dvances increaally offset by a
creased £11bnment balances
uity including nhareholders’ euding a £0.6b £0.5bn decre
y offset by a £schemes and
by £0.7bn of d
t tangible assely as profit gene
reased £94bn
g Transaction £93bn. This
re Exposure (P down and opt
exposure, exca decrease in orward rate cu
V CET1 ratio ine in the fully lo
T1 capital was n credit and re3bn
WAs was primss, run-down reduction in th
eased to 4.1% 33bn)
iew
7bn compared
ased £5bn to £3bn decrease
n to £438bn ps, partially off
non-controllinequity was £5n decrease in
ease in the cur0.7bn increase scrip dividendividends paid a
et value per shnerated for the
to £1,139bn d
ns decreased was driven b
PFE) on derivatimisation incl
cluding PFE, d derivative neurves and cont
ncreased to 11oaded CRD IV C
driven by £1.8egulatory divid
marily driven byof legacy stru
he trading boo
(December 20
7
d to 31 Decem
£475bn as ae due to the ru
primarily due fset by a £2b
ng interests wa59.3bn (Decethe cash flow
rrency translate in share capds, and an incand £0.7bn of
are decreasede period was m
driven by:
by £40bn, pby reductions
atives decreasuding trade co
ecreased £26betting of £87btinued legacy p
1.1% (DecembCET1 capital o
8bn profits aftedends paid an
y the reductioctured and cr
ok
014: 3.7%) driv
mber 2014, prim
a net £8bn incun-down of Eu
to a £12bn inn decrease in
as £65.6bn (Dmber 2014: £ hedging reser
tion reserve aspital and sharecrease of £0.4bf shares vesting
d to 328p (Decmore than offse
rimarily due t in matched
sed £19bn to ompressions a
bn partly due bn to £308bn.portfolio run d
ber 2014: 10.3of £0.5bn to £4
er absorbing and foreseen, ca
n in Non-Coreredit products,
ven by a decre
marily due to r
crease in setturopean retail a
ncrease withinn Non-Core du
December 2014£59.6bn) reflerve, due to the
s GBP strengthe premium, dubn in retainedg in relation to
cember 2014: 3et by the overa
to IFRS reverbook trading
£160bn, mainand tear-ups
to a decrease. These decre
down
3%) due to a £42.0bn
adjusting itemsapital generate
e of £19bn to , and a £7bn r
ease in the leve
eductions in d
tlement and cassets within N
n the Investmeue to the run
4: £66.0bn). Eecting a reduce impact of fo
hened against ue to the issuad earnings dueo employee sha
335p) and 279all decrease in
rse repurchase as the balan
nly as a result
e in IFRS assetases were pri
£25bn reductio
s. After furtheed from earni
£57bn includireduction in th
erage exposur
derivatives and
cash collateralNon-Core
ent Bank as a-down of the
xcluding non-ction in otherrward interestZAR, EUR and
ance of sharese to generatedare schemes
9p (December shareholders’
e agreementsnce sheet was
t of continued
ts of £99bn tomarily due to
on in RWAs to
r adjusting forngs increased
ing the sale ofhe Investment
re to £1,139bn
d
l
a e
-r t d s d
r ’
s s
d
o o
o
r d
f t
n
Group Fin
Barclays PLC
Funding a The Grou
£145bn (equivalenassociatedratings ch
Wholesaleissued £6by the hoBarclays Bcompany
Other mat Provisions
– AdditiForeigQ215 in thebench
Additionaincludes a£900m), (Decembe
A £496m with the between t
A £429mliability wstatutory
A £118mrecycled u
Dividends The Board
time, a div
For 2015,focus on capital str
A second
Barclays N We have
2014. Noof £8.3bn
We now hfinancial rto aroundbusiness Non-Core
Tushar Morz
nance Direc
C – 2015 Interim
and liquiditup continued t
December 20nt to a surplus d with credit r
hanges occurre
e funding outs6bn of term funolding compaBank PLC, the capital and fu
tters
s of £484m (D
ional provisiongn Exchange, with a numbee Foreign Exchmark
al UK customeadditional cha£600m of wher 2014: £1,05
(H114: £nil) gSecurities Invthe parties rela
(H114: £nil) gwas revised to provisions
m (H114: £nil) upon the comp
s
d recognises thvidend that is
, the Board hasimproving therength
interim divide
Non-Core Gmade signific
on-Core RWAsn as at June 20
have greater vresults througd £20bn by thwhere it will c
e RWAs to £45
zaria, Group Fi
ctor’s Revi
m Results
ty o maintain su14: £149bn). of £26bn (Derating changesed during Q21
standing exclunding net of eny, Barclays P
e operating counding model
December 2014
ns of £800m (Htaking the tot
er of authoritiehange market
r redress provarges for PPI rhich was reco59m)
gain on US Lehvestor Protectiating to the ac
gain was reco use the long
loss was recopletion of the S
he importancesustainable an
s concluded the returns of th
end of 1p will b
Guidance ant progress i
s have been re15, 15% of the
visibility as to th lower capita
he end of 201continue to be
5bn at the end
inance Directo
iew
rpluses to its The Liquidity cember 2014:s as a result of5, the expecte
uding repurcharly redemptioPLC. These prompany. This
4: £1,690m) a
H114: £nil) wetal provisions
es in relation tot and an indu
isions of £1,03redress basedognised in Q2
hman acquisitiion Act Truste
cquisition of m
ognised in Q11g term Consum
ognised in Q1Spanish busine
e of paying retnd progressive
hat it is apprope business and
be paid on 14 S
in running doweduced from £e Group total a
the options aval requirement7, at which poe managed do of 2016
or
8
internal and reCoverage Rat
: £30bn). The f credit rating ed funding imp
ase agreemenons during H1roceeds have demonstrates
re held for Leg
ere made for o recognised too industry-widustry-wide inv
32m (H114: £9d on an updat215. As at Jun
on assets wasee for Lehma
most of the asse
15 as the valuamer Price Ind
115 primarily ess sale
turns to shareh rather than ta
priate to plan fd accelerating
September 20
wn Barclays N£110bn in Decand down from
vailable to us is and operatinoint we expecown. This rev
egulatory requio (LCR) decresurpluses wer agencies’ assepacts had not f
nts was £157b15, of which £been used to
s further prog
gal, Competitio
ongoing investio £2,050m. S
de investigatiovestigation int
900m) were reted estimate one 2015 the P
s recognised inan Brothers Inets of LBI in Se
ation of a comex rather tha
relating to ac
holders by wayargeting a part
for a 6.5p distrg the implemen
15
Non-Core sinceember 2013 t
m £15.1bn as a
n order to redng losses. We ct the Non-Covised guidance
uirements in Heased to 121%re built to posiessment of sofully materialis
bn (December £3bn was in seo subscribe foress on the tr
on and Regulat
igations and litSettlements ofns into certainto the setting
ecognised inclof future redrePPI redress pr
n Q215. Barclac. (LBI) to res
eptember 2008
mponent of then the Retail P
ccumulated cu
y of dividends ticular payout
ribution, the santation of the
e it was estabto £57bn, resuat December 2
duce Non-Core therefore planre unit will be
e replaces pre
H115 with a liq% (December ition the Groupvereign supposed by the end
2014: £171bnenior unsecurer senior unsecransition towa
tory matters
tigation primaf £1,608m wen sales and tra of the US D
luding £850mess costs of £rovision held w
ys has reachedsolve outstand8
e defined retirPrice Index, co
urrency transla
and expects tratio range
ame level as 2 strategy whils
blished as a seulting in an eq2013
e’s influence on to reduce Noe reintegrated vious guidanc
quidity pool of2014: 124%),p for outflows
ort. Whilst thed of H115
n). The Grouped debt issuedcured debt at
ards a holding
arily relating toere reached inding practices
Dollar ISDAFIX
in Q215. This£750m (H114:was £1,268m
d a settlementding litigation
ement benefitonsistent with
ation reserves
to deliver, over
2014, while west maintaining
eparate unit inuity allocation
on the Group’son-Core RWAs into the Corece of reducing
f , s e
p d t g
o n s X
s :
m
t n
t h
s
r
e g
n n
s s e g
Results by
Barclays PLC
Personal aIncome statNet interest incNet fee, commTotal income Credit impairmNet operating Operating expeLitigation and cCosts to achievTotal operatingOther net (expeProfit before taAttributable pr
Balance sheLoans and advaTotal assets Customer depoRisk weighted a
Key facts Average LTV oAverage LTV oClient assets2 Number of bra
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
Analysis of totPersonal Corporate Wealth Total income
Analysis of loaPersonal Corporate Wealth Total loans and Analysis of cusPersonal Corporate Wealth Total custome 1 Average LTV2 Includes ass
administrati
y Business
C – 2015 Interim
and Corpotement inforcome ission and other
ment charges andincome enses conduct ve g expenses enses)/income ax ofit
eet informatiances to custom
osits assets
f mortgage lendf new mortgage
nches
ce measures
rage tangible equted tangible equ
rage equity ted equity (£bn)atio (bps)
tal income
ans and advance
d advances to c
stomer deposits
r deposits
V of mortgage lendsets managed or adion, and Wealth cli
m Results
orate Bankirmation
r income
d other provision
ion mers at amortise
ding1 e lending1
uity
uity (£bn)
)
es to customers
customers at am
s
ding and new mortdministered by Barient deposits and c
ing
ns
ed cost
s at amortised c
mortised cost
tgage lending calcrclays on behalf ofclient lending.
10
cost
culated on the balaf clients including a
Half year ended30.06.15
£m3,2031,1814,384(178
4,206(2,466
(25(139
(2,630(48
1,5281,102
As at 30.06.15£bn
217.5289.9298.5120.6
Half year ended
30.06.1551%62%
£142.6bn1,448
16.4%13.6
12.3%18.160%
16
£m2,0141,877
4934,384
As at 30.06.15£bn
137.866.013.7
217.5
146.3120.3
31.9298.5
ance weighted basassets under mana
d Half ye5
m 3
4 )
6 ) ) ) ) )
8 2
5 As atn 5 9 5 6
d Half ye
5 % % n 8
% 6 %
% 6
m 4 7 3 4
5 As atn 8 0 7 5
3 3 9 5
sis. agement (AUM), c
ear ended 30.06.14
£m
3,057
1,304
4,361 (230)
4,131 (2,525)
(29)
(115)
(2,669)
6
1,468 1,039
t 31.12.14 A£bn
217.0
285.0
299.2
120.2
ear ended
30.06.14
55%
64%
£151.3bn
1,546
16.1%
13.0 12.1%
17.3 61%
21
£m
2,053
1,768
540
4,361
t 31.12.14 A£bn
136.8
65.1 15.1
217.0
145.8
122.2
31.2
299.2
custody assets, ass
YoY
% Change 5
(9) 1
23 2 2
14 (21)
1
4 6
As at 30.06.14 £bn
216.7 268.1 298.3 117.9
YoY
% Change (2)
6 (9) 1
As at 30.06.14 £bn
135.9 64.8 16.0
216.7
141.6 123.7
33.0 298.3
sets under
Results by
Barclays PLC
Personal a
Income stat
Profit befexpenses impacted the impro
PCB resulannouncewere cost
Total inco
– Personand lo
– Corpoimpro
– Wealt
– Net inlaunchincom
– Newa
– Net fepropo
Credit impeconomicCorporate
Total operelating tocosts to a
Client assongoing s
Balance she
Loans and
Total assethe growt
Customer
RWAs inc
y Business
C – 2015 Interim
and Corpo
tement – H1
fore tax increa reduced due by investmen
oving economi
ts were signifed disposal of ts to achieve, a
ome increased
nal income redower fee incom
orate income oved deposits m
h income redu
nterest incomeh of a revised
me as opposed
et interest maras partially off
ee, commissioosition in H214
pairment charc environmente clients
erating expenso restructuringachieve of £56
sets decreasedstrategic mark
eet – 30 June
d advances to
ets increased th in loans and
r deposits decr
creased £0.4bn
m Results
orate Banki
15 compared
ased 4% to £1 to increased
nt in digital anc environment
ficantly impact the US busineand other net e
1% to £4,384
duced 2% to £me, partially off
increased 6%margins, partia
uced 9% to £4
e increased 5%overdraft prop to fee income
rgin improved fset by the imp
on and other 4 and the impa
rges improved t in the UK, p
ses reduced 1g of the branchm relating to t
d £8.7bn to £ket exits
e 2015 comp
customers inc
£4.9bn to £28d advances to c
reased £0.7bn
n to £120.6bn
ing
d to H114
,528m with a automation a
nd the customt in the UK
ted by £171m ess. Income wexpenses inclu
4m
£2,014m due fset by balance
% to £1,877mally offset by le
493m primarily
% to £3,203m position in H2e
5bps to 3.01%pact of mortga
income reduact of custome
23% to £178marticularly imp
1% to £2,630h network andthe announced
142.6bn prima
ared to 31 D
creased £0.5bn
89.9bn primaricustomers
n to £298.5bn
primarily drive
11
a return on avand the net c
mer experience
of charges inwas impacted buded a £55m lo
to mortgage me growth and
with balanceending margin
y as a result of
driven by mar14, which reco
% due to highge margin pre
uced 9% to £er redress in th
m and the loanpacting Corpo
m. This reflecd technology imd disposal of th
arily due to th
December 20
n to £217.5bn
ily driven by a
en by growth i
verage equity olosure of 98
e across multip
Wealth relatinby £29m, opeross on sale
margin pressuimproved savi
e growth in bn compression
the impact of
rgin improvemognises the m
er deposit maessure from ex
£1,181m due he US
n loss rate redorate which be
cted savings rmprovements he US Wealth b
he announced
014
due to growth
an increase in
in mortgages a
of 12.3% (H11branches. Opeple channels.
ng to customerating expense
ure from existings margins
both average
f customer red
ment, lending aajority of over
rgins within Cxisting custome
to the launc
duced 5bps to enefited from
realised from to increase aubusiness
disposal of th
h in mortgage
the allocation
and Corporate
14: 12.1%). Toerating expenImpairment re
er redress in thes by £87m of
ng customer r
lending and
ress in the US
and deposit grrdraft income a
Corporate and er rate switchi
ch of the revi
16bps due to lower default
strategic costutomation, par
he US Wealth
s and Corpora
of liquidity po
e lending
otal operatingses were also
educed due to
he US and thef which £56m
rate switching
deposits, and
rowth and theas net interest
Personal. Thisng
ised overdraft
the improvingts of large UK
t programmesrtially offset by
business and
ate lending
ool assets and
g o o
e m
g
d
e t
s
t
g K
s y
d
d
Results by
Barclays PLC
BarclaycaIncome statNet interest incNet fee, commTotal income Credit impairmNet operating Operating expeCosts to achievTotal operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaTotal assets Customer depoRisk weighted a
Key facts
30 day arrears 30 day arrears Total number oTotal number oValue of payme
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
y Business
C – 2015 Interim
ard
tement inforcome ission and other
ment charges andincome enses ve g expenses me ax ofit
eet informatiances to custom
osits assets
rates - UK cards rates - US cardsof Barclaycard cof Barclaycard bents processed
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
(bps)
m Results
rmation
r income
d other provision
ion mers at amortise
s
s
onsumer customusiness clients
uity
uity (£bn)
)
ns
ed cost
mers
12
Half year ended30.06.15
£m1,704
6532,357(563
1,794(961
(56(1,017
18795566
As at 30.06.15£bn
36.941.9
7.740.3
Half year ended30.06.15
2.4%1.9%
29.9m343,000£145bn
22.9%5.0
18.2%6.3
43%293
d Half ye5
m 4 3 7 )
4 ) ) )
8 5 6
5 As atn 9 9 7 3
d Half ye5
% % m 0 n
% 0 % 3 % 3
ear ended
30.06.14
£m
1,500
624
2,124 (537)
1,587 (822)
(36)
(858)
35
764 539
t 31.12.14 A£bn
36.6 41.3
7.3 39.9
ear ended
30.06.14
2.4%
1.9%
27.8m
352,000
£124bn
23.6%
4.6
18.9%
5.7
40%
311
YoY
% Change
14 5
11 (5)
13 (17)
(56)
(19)
(49)
4 5
As at 30.06.14
£bn
33.2 36.2
5.9 37.7
Results by
Barclays PLC
Barclayca
Income stat
Profit befoof 11% toin stable 3result of base incre(H114: 18
Total incoagainst G
Net intermaintaine
Net fee, cpartially o
Credit impperiod. De
Total opeachieve, tcosts and
Balance she
Loans and
Total asse
Customer
RWAs inc
y Business
C – 2015 Interim
ard
tement – H1
ore tax increaso £2,357m wit30-day delinqcontinued inveased across a8.9%)
ome increasedBP, partially of
est income ined at 9.05% (H
commission aoffset by the im
pairment charelinquency rat
erating expensthe appreciatio
d the non-recu
eet – 30 June
d advances to
ets increased 1
r deposits incr
creased £0.4bn
m Results
15 compared
sed 4% to £79th substantial uency rates an
vestment for gall geographies
d 11% to £2,3ffset by the im
ncreased 14%H114: 9.05%)
nd other incompact of chang
rges increasedtes remained s
es increased 1on of averagerrence of a VA
e 2015 comp
customers inc
1% to £41.9bn
eased 5% to £
n to £40.3bn p
d to H114
95m. The diverbusiness grownd a falling loa
growth, as loas over the sam
357m driven bmpact of rate ca
% to £1,704m
ome increasedges to Europea
d 5% to £563mtable and the
19% to £1,017e USD againstAT refund in H
ared to 31 D
creased 1% to
n mainly due to
£7.7bn driven b
primarily driven
13
rsified consumwth in US cardsan loss rate. Ans and advan
me period. Ret
y business groapping from E
m driven by b
5% to £653man Interchange
m with loans aloan loss rate
7m due to cont GBP and the114
December 20
£36.9bn with
o the increase
by the deposit
n by growth in
mer and merchs. The continu
Although total ces increasedurn on averag
owth in US cauropean Interc
business grow
m due to growe Fee Regulatio
and advances gimproved 18b
ntinued investe impact of on
014
balance grow
in loans and a
ts funding strat
n loans and adv
ant business mued focus on ri operating exp 11% from Jue equity conti
ards and the achange Fee Re
wth, whilst the
wth in US caron
growth of 11%ps to 293bps
tment in businne-off items, i
wth in US cards
advances to cu
tegy in the US
vances to cust
model led to inisk managemepenses increasune 2014 and nued to be str
ppreciation ofegulation
e net interest
rds and Busin
% to £36.9bn o
ness growth, hincluding certa
s
ustomers
tomers
ncome growthent is reflectedsed, this was a the customerrong at 18.2%
f average USD
t margin was
ess Solutions,
over the same
higher costs toain marketing
h d a r
%
D
s
,
e
o g
Results by
Barclays PLC
Africa BanIncome statNet interest incNet fee, commTotal income Net claims andTotal income nCredit impairmNet operating Operating expeCosts to achievTotal operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaTotal assets Customer depoRisk weighted a
Constant cuLoans and advaTotal assets Customer depoRisk weighted a
Key facts Average LTV oAverage LTV o
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
1 Constant cur
impact of mo2 Calculated o
y Business
C – 2015 Interim
nking
tement inforcome ission and other
d benefits incurrenet of insurance
ment charges andincome enses ve g expenses me ax ofit
eet informatiances to custom
osits assets
urrency1
ances to custom
osits assets
f mortgage lendf new mortgage
ce measures
rage tangible equted tangible equ
rage equity ted equity (£bn)atio (bps)
rrency results are ovement in the exc
on the balance wei
m Results
rmation
r income
ed under insurane claims d other provision
ion
mers at amortise
mers at amortise
ding2 e lending2
uity
uity (£bn)
)
calculated by convchange rate betweighted basis.
nce contracts
ns
ed cost
ed cost
verting ZAR resultseen the reporting p
14
s into GBP using thperiods.
Half year ended30.06.15
£m1,068
8711,939
(811,858(193
1,665(1,116
(13(1,129
4540208
As at 30.06.15
£bn
33.854.034.436.4
33.854.034.436.4
Half year ended
30.06.1559%76%
14.0%3.0
10.3%4.0
61%105
he 30 June 2015 ex
d Half ye5
m 8
9 )
8 )
5 ) ) )
4 0 8
5 As at
n
8 0 4 4
8 0 4 4
d Half ye
5 % %
% 0 % 0 % 5
xchange rate for th
ear ended 30.06.14
£m 1,007
850 1,857
(84) 1,773 (196)
1,577 (1,082)
(17) (1,099)
6 484 181
t 31.12.14 A
£bn
35.2 55.5 35.0 38.5
33.2 52.2 33.1 36.3
ear ended
30.06.14 61% 75%
13.3% 2.7
9.6% 3.8
62% 110
he balance sheet t
YoY
% Change 6 2 4 4 5 2 6
(3) 24 (3)
(33) 12 15
As at 30.06.14
£bn
33.8 52.4 33.2 36.5
32.1 49.9 31.6 34.7
to eliminate the
Results by
Barclays PLC
Africa Ban
Income stat
Based onsignificandiscussion
Profit befcontinuedgrowth intrading ppartially o
Total inco
– Net inCorpobusinecurrenincom
– Net feSouth
Credit im105bps dincreased
Total opeinvestmentechnolog
Balance she
Based ondeteriorattherefore,
Loans andRBB, whic
Total asse
Customer
RWAs inc
y Business
C – 2015 Interim
nking
tement – H1
n average ratent contributor n of business p
fore tax incread progress on n corporate berformance. P
offset by a sma
ome net of insu
nterest incomorate and Invesesses. Net intency matched f
me recognised
ee, commissionh Africa, partial
pairment chariven by reduc
d impairments
erating expennt spend on kgy
eet – 30 June
n closing ratetion was a sig, the discussio
d advances to ch included a m
ets increased 3
r deposits incr
creased £0.1bn
m Results
15 compared
es, ZAR depreto the movem
performance b
ased 12% to £ the retail bananking and W
Performance oall reduction in
urance claims
e increased 6stment Bankinerest margin ifunding. This hin net fee, com
n and other inlly offset by low
rges were broced impairmen in CIB and add
ses increasedkey initiatives,
e 2015 comp
s, ZAR depregnificant contrn of business
customers incmodest reduct
3% to £54.0bn
eased 4% to £
n to £36.4bn p
d to H114
eciated againsment in the rebelow is based
£540m reflectnking turnarouWealth, Investmoutside of Soun growth in cor
increased 5%
6% to £1,068ng (CIB) and gncreased 10bhas resulted in
mmission and o
come increasewer hedging in
oadly in line ants in the Soutditional covera
d 3% to £1,1partially offset
ared to 31 D
eciated againsributor to the performance b
creased 2% totion in the Sou
n primarily due
£34.4bn reflect
primarily driven
15
t GBP by 2%eported incom
d on reported r
ting strong ground in South Ament Manage
uth Africa showrporate bankin
% to £1,858m
m driven by growth in custps to 5.97% a
n an improvemother income
ed 2% to £871ncome
at £193m (H1th Africa mortgage on perform
29m reflectint by savings fr
December 20
st GBP by 6%movement in
below is based
o £33.8bn drivuth Africa mort
e to the increas
ting strong gro
n by growth in
% in H115 agame statement results in GBP
owth in RetailAfrica. Performement and Inswed strong grng
higher averagtomer depositsas CIB continu
ment in net int
1m mainly ref
14: £196m) agages portfolio
ming loans
ng inflationaryrom strategic
014
% at 30 June n the reported d on results on
ven by strong Ctgages portfoli
se in loans and
owth in the RB
n loans and adv
ainst H114. Thresults of Afr
l and Businessmance in Soutsurance (WIMrowth in tradi
ge loans and s in the South ued the strateterest income
lecting increas
and the loan lo and business
y impacts on cost program
2015 against balance shee
n a constant cu
CIB growth in io
d advances to
BB South Africa
vances to cust
he deterioratiorica Banking;
s Banking (RBth Africa also
MI), partially ofng performan
advances to African RBB a
egy of replacin and a reducti
sed transactio
loss rate imprs banking, par
staff costs ames mainly in
t 31 Decembet results of Aurrency basis
South Africa a
customers an
a and Corpora
tomers
on was not atherefore, the
BB) due to theshowed goodffset by lower
nce and WIMI,
customers inand Corporateng swaps withon in hedging
nal revenue in
roved 5bps tortially offset by
and increasedn property and
ber 2014. TheAfrica Banking;
and growth in
d banks
te businesses
a e
e d r ,
n e h g
n
o y
d d
e ;
n
Results by
Barclays PLC
InvestmenIncome statNet interest incNet trading incNet fee, commTotal income
Credit impairmNet operating Operating expeLitigation and cCosts to achievTotal operatingProfit before taAttributable pr
Balance sheLoans and advaTrading portfoDerivative finanDerivative finanReverse repurcTotal assets
Risk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income ra
Analysis of Investment banLending Banking Credit Equities Macro Markets Banking & MarOther Total income
1 As at 30 Jun
£40.4bn (De2014: £19.9b
y Business
C – 2015 Interim
nt Bank
tement inforcome
ome
ission and other
ment (charges)/rincome
enses conduct ve
g expenses
ax
ofit
eet informatiances to banks alio assets
ncial instrumentncial instrumentchase agreement
assets
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
total incomenking fees
rkets
e 2015 loans and ecember 2014: £25bn), including sett
m Results
rmation
r income
releases and oth
ion
and customers a
t assets
t liabilities
ts and other sim
uity
uity (£bn)
)
e
advances included5.8bn) and cash c
tlement balances o
er provisions
at amortised cos
milar secured len
d £99.1bn (Decemcollateral of £28.6of £5.9bn (Decemb
16
st1
nding
mber 2014: £86.4bn6bn (December 20ber 2014: £2.7bn) a
Half year ended30.06.15
£m276
2,4231,6004,299
(14,298
(2,738(57(63
(2,8581,440
761
As at 30.06.15£bn
123.181.8
118.5127.7
58.4420.1115.3
Half year ended30.06.15
10.9%14.2
10.2%15.166%
£m1,135
2051,340
5461,2351,1782,9594,299
-4,299
n) of loans and adv14: £32.2bn) and and cash collatera
d Half ye5
m 6 3 0 9 )
8 ) ) ) )
0
5 As atn
8 5 7 4
3
d Half ye5
% 2 %
%
m 5 5 0 6 5 8 9 9 - 9
vances to custome loans and advancal of £6.4bn (Decem
ear ended 30.06.14
£m 334
2,137 1,786 4,257
26 4,283
(2,848) (95)
(282) (3,225)
1,058 435
t 31.12.14 A£bn
106.3 94.8
152.6 160.6
64.3 455.7 122.4
ear ended 30.06.14
6.0% 14.7 5.7% 15.4 76%
£m 1,174
169 1,343
616 1,220 1,056 2,892 4,235
22 4,257
ers, including settleces to banks of £2mber 2014: £6.9bn
YoY
% Change (17)
13 (10)
1
- 4
40 78 11 36 75
As at 30.06.14 £bn
117.2 101.2 104.2 109.5
83.0 446.2 123.9
YoY
% Change (3) 21
- (11)
1 12
2 2
1
ement balances of24.0bn (Decembern).
f r
Results by
Barclays PLC
Investmen
Income stat
Profit befwhilst theGreece anresulted in
Total inco
– Bankin£1,13due to
– Marke
– Eqlow
– Mma
– Croff
Credit imp
Total opecosts andreduction
Balance she
Derivativeto increas
Trading p
Total asseassets anadvances
RWAs dec
y Business
C – 2015 Interim
nt Bank
tement – H1
fore tax increae re-sized Mand the Eurozon a return on a
ome increased
ng income w5m driven by
o lower fair val
ets income inc
quities increasewer income inacro increasedarket volatility
redit decreasedffset by increas
pairment char
erating expensd savings fromn in real estate
eet – 30 June
e financial instses in major fo
portfolio assets
ets decreasednd reverse rep to customers
creased 6% to
m Results
15 compared
ased 36% to £cro business
one. Higher incaverage equity
1% to £4,299
was in line at lower equity ulue losses on h
creased 2% to
ed 1% to £1,2 equity derivatd 12% to £1,
y d 11% to £54sed income in
ges were £1m
ses decreased m strategic cos infrastructure
e 2015 comp
trument assetsorward rate cur
s decreased 14
8% to £420.purchase agre and banks
o £115.3bn prim
d to H114
£1,440m. The benefited fromcome as well
y of 10.2% (H1
9m
£1,340m (H1underwriting ahedges
£2,959m
235m due to htives 178m due to
46m driven by credit flow tra
m (H114: releas
11% to £2,85st programme
e
ared to 31 D
s and liabilitiesrves
4% to £81.8bn
.1bn due to a ements, partia
marily driven b
17
Investment Bm increased mas a continue14: 5.7%)
114: £1,343mand financial a
igher income
higher incom
lower incomeading
se of £26m)
58m reflectinges including b
December 20
s decreased 22
n due to a decr
decrease in dally offset by
by risk reductio
Bank continuedmarket volatilited focus on d
m). Investmentdvisory fees. L
in equity finan
me in rates and
e in distressed
g lower costs business restru
014
2% to £118.5b
rease in equity
derivative fina an increase i
ons in the trad
d to build on ty in H115 refriving cost sa
t banking feeLending incom
ncing and cash
d currency pro
d credit and se
to achieve, a ucturing, syste
bn and 20% to
y securities
ncial instrumein settlement
ding book
its originationflecting uncervings and RW
income decrme increased 2
h equities, part
oducts, reflect
ecuritised prod
reduction in cem decommis
o £127.7bn res
ent assets, trabalances with
n led strategy,rtainty around
WA efficiencies
reased 3% to1% to £205m
tially offset by
ting increased
ducts, partially
compensationsioning and a
spectively, due
ading portfoliohin loans and
, d s
o m
y
d
y
n a
e
o d
Results by
Barclays PLC
Head OffiIncome statTotal income Credit impairmNet operating Operating expeLitigation and cCosts to achievTotal operatingOther net incom(Loss)/profit bAttributable (lo
Balance sheTotal assets Risk weighted a
Head Offi
Income stat
Loss befo
Total incoarising fro
Total opeto achieve
Balance she
Total asse
RWAs inc
y Business
C – 2015 Interim
ce
tement infor
ment charges andincome enses conduct ve g expenses me before tax oss)/profit
eet informati
assets
ce
tement – H1
ore tax of £62m
ome decreaseom the restruc
erating expense, partially offs
eet – 30 June
ets increased £
creased £1.9bn
m Results
rmation
d other provision
ion
15 compared
m moved from
ed £117m to cture of Group
es increased £set by the non-
e 2015 comp
£3.5bn to £52.
n to £7.5bn pri
ns
d to H114
a profit of £66
£42m due to subsidiaries a
£14m to £107-recurrence of
ared to 31 D
.6bn reflecting
imarily due to
18
Half
As
6m in H114
the non-recuand gains resul
7m due to costf H114 litigatio
December 20
g additional cas
reallocations o
f year ended
30.06.15 £m
42 (1)
41 (78)
(7)
(22)
(107)
4
(62)
(80)
s at 30.06.15
£bn 52.6
7.5
urrence of netlting from a lia
ts relating to son and conduc
014
sh held to mee
of Group-wide
Half year e 30.
As at 31.
t gains from ability manage
structural refoct charges
et daily treasur
e market and o
ended .06.14
£m 159
- 159 (37) (54)
(2) (93)
- 66 30
.12.14 £bn
49.1 5.6
foreign exchament exercise
rm and an inc
ry operational
operational risk
As at 30.06.14 £bn
43.3 7.6
ange recyclinge in H114
crease in costs
settlements
k
g
s
Results by
Barclays PLC
Barclays NIncome statNet interest incNet trading incNet fee, commTotal income
Net claims andTotal income nCredit impairmNet operating Operating expeLitigation and cCosts to achievTotal operatingOther net incomLoss before taxAttributable los
Balance sheLoans and advaLoans and advaTrading portfoDerivative finanDerivative finanReverse repurcTotal assets
Customer depoRisk weighted aLeverage expos
PerformancReturn on averAverage allocatReturn on averAverage allocatPeriod end allo
Analysis of totBusinesses
Securities and Derivatives
Total income n
1 As at 30 Ju
of £1.0bn (2014: £12.3
2 Return on aGroup retur
y Business
C – 2015 Interim
Non-Core
tement inforcome
ome
ission and other
d benefits incurrenet of insurance
ment charges andincome
enses
conduct ve
g expenses me/(expenses)
x
ss
eet informatiances to banks aances to customlio assets
ncial instrumentncial instrumentchase agreement
osits
assets sure
ce measures
rage tangible equted tangible equ
rage equity2
ted equity (£bn)ocated equity (£b
tal income net o
Loans
net of insurance
une 2015 loans and(December 2014: £3bn) (including seaverage equity anrns and Barclays C
m Results
rmation
r income
ed under insurane claims
d other provision
ion
and customers amers at fair value
t assets
t liabilities
ts and other sim
uity2
uity (£bn)
)
bn)
of insurance cla
e claims
d advances include£1.6bn) and cash ttlement balances
nd average tangiblCore returns. This d
nce contracts
ns
at amortised cose
milar secured len
ims
ed £42.7bn (Decem collateral of £18.0s of £0.2bn (Decemle equity for Barcladoes not represent
19
st1
nding
mber 2014: £51.6b0bn (December 20
mber 2014: £0.3bn)ays Non-Core reprt the return on ave
Half year ended30.06.15
£m128
(250331209
(16742
(375
(453(45(23
(5214
(512(402
As at 30.06.15£bn
53.917.011.6
220.9213.6
15.6338.2
19.656.6
166.3
Half year ended
30.06.15(4.3%
9.7(3.4%
9.88.3
£m275
(115(118
42
bn) of loans and a014: £22.1bn) and) and cash collaterresents its impact erage equity and a
d Half ye5
m 8 )
9 )
2 )
5 ) ) ) )
4 ) )
5 As atn 9 0 6 9 6 6 2 6 6 3
d Half ye
5 )
7 )
8 3
m 5 ) )
2
advances to customd loans and advancral of £10.5bn (De on the Group, bei
average tangible eq
ear ended
30.06.14
£m
183
116
514
813 (155)
658 (149)
509 (860)
(33)
(41)
(934)
(66)
(491)
(464)
t 31.12.14 A£bn
63.9 18.7 15.9
285.4
277.1
49.3 471.5
21.6 75.3
277.5
ear ended
30.06.14
(6.0%)
14.2 (4.5%)
14.5 12.7
£m
546
153
(41)
658
mers (including seces to banks of £1
ecember 2014: £11ing the difference quity of the Non-C
YoY % Change
(30)
(36) (74)
(8) (94)
75 (99)
47 (36)
44 44
(4) 13
As at 30.06.14 £bn
75.5 17.0 22.9
227.0 215.0
86.8 468.6
28.6 87.5
381.7
YoY
% Change (50)
(94)
ettlement balances11.2bn (December1.3bn)). between Barclays
Core business.
s r
s
Results by
Barclays PLC
Barclays N
Income stat
Loss beforunning dfrom Dece
Total inco
– Businerun-do
– Securportfolitigat
– Derivavalue
Credit imEurope
Total opeand sever
Balance she
Loans andrun-off of
Trading p
Derivativeby increas
Total asseother sim
Leverage
RWAs deccredit pro
y Business
C – 2015 Interim
Non-Core
tement – H1
ore tax increasdown businessember 2014
ome net of insu
esses income own of legacy
ities and loansolio of £175mion provision
atives income movements
pairment cha
erating expensral principal inv
eet – 30 June
d advances to f assets and a
portfolio assets
e financial instses in major fo
ets decreased ilar secured le
exposure redu
creased £18.7oducts. Period
m Results
15 compared
sed 4% to £5ses, securities
urance claims
reduced 50% y portfolio asse
s income reduc (H114: £29m
reduced £77m
rges reduced
ses improved 4vestment busi
e 2015 comp
banks and cureduction in ca
s reduced 27%
trument assetsorward rate cu
28% to £338nding, loans a
uced 40% to £
bn to £56.6bnend allocated
d to H114
12m. Barclays and derivativ
reduced 94%
to £275m duets
ced £268m to m) and the ac
m to an expen
75% to £37m
44% to £521mnesses
ared to 31 D
ustomers reducash collateral b
% to £11.6bn d
s and liabilitiesrves and the u
8.2bn with redand advances t
£166.3bn drive
n including the equity decreas
20
s Non-Core (Bve assets durin
to £42m
ue to the impa
an expense oftive run-down
se of £118m r
m due to the
m reflecting sa
December 20
ced 16% to £5balances
due to the sale
s both decreasunwinding of t
duced derivativto banks and c
en by a reducti
e sale of the Spsed £2.7bn to
BNC) continueng H115. RWA
ct of the sale
f £115m priman of securities
reflecting the a
sale of the Sp
avings from th
014
53.9bn due to
and run-down
sed 23% to £2rade positions
ve financial ascustomers, and
on in derivativ
panish busines £8.3bn
ed to make goAs reduced a f
of the Spanish
arily due to fais, partially offs
active run-dow
panish busines
he exit of the S
a reduction in
n of legacy por
220.9bn and £2s
sets, reverse rd trading portf
ves and reverse
ss and run dow
ood progress further £18.7b
h business and
ir value losses set by a £91m
wn of the port
ss and higher
Spanish, UAE,
n Europe retail
rtfolio assets
213.6bn respe
repurchase agfolio assets
e repurchase a
wn of legacy s
in exiting andbn to £56.6bn
d the sale and
on the ESHLAm release of a
tfolios and fair
r recoveries in
commodities,
l driven by the
ectively, driven
reements and
agreements
structured and
d n
d
A a
r
n
,
e
n
d
d
Quarterly
Barclays PLC
Barclays resAdjusted basisTotal income nCredit impairmNet operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net (expeAdjusted profi Adjusting itemOwn credit
Gain on US LehESHLA valuatioGain on valuatiretirement benProvisions for olitigation primaProvisions for UGoodwill impaiLoss on sale ofStatutory profiTax (charge)/cStatutory profi
Attributable toOrdinary equityOther equity hoNon-controlling
Balance sheet Total assets
Risk weighted a
Adjusted perfoReturn on averAverage tangibReturn on averAverage sharehCost: income raLoan loss rate (Basic earnings/
Statutory perfoReturn on averAverage tangibReturn on averAverage sharehCost: income raBasic earnings/
1 Q115 adjust
customer red2 RWAs are on
tangible equamendment
Results Su
C – 2015 Interim
sults by quars
net of insurance ment charges and
income
enses
conduct
ve
g expenses
enses)/income
t before tax
ms
hman acquisitionon revision
ion of a componefit liability
ongoing investigarily relating to FUK customer redirment
f the Spanish buit/(loss) before credit
it/(loss) after ta
o:
y holders of the olders
g interests
information
assets
ormance measurage tangible shable shareholdersrage shareholderholders' equity (atio
(bps)
/(loss) per share
ormance measurage tangible shable shareholdersrage shareholderholders' equity (atio
/(loss) per share
ted total operatingdress to aid compan a CRD IV fully loa
uity are shown on ats to IAS32, Financ
ummary
m Results
rter
claims
d other provision
n assets
nent of the defin
gations and Foreign Exchangdress
siness
tax
ax
parent
ures
areholders' equits' equity (£bn)
rs' equity
£bn)
e
ures
areholders' equits' equity (£bn)
rs' equity
£bn)
e
g expenses and proarability with Q215aded basis. CRD IVan estimated CRD cial Instruments: Pr
Q215
£m
6,552
ns (496)
6,056 (3,897)
(77)
(196)
-
(4,170)
(37)
1,849
282
496
- ned
-
ge -
(850)
- -
1,777 (394)
1,383
1,146
79 158
£bn 1,196.7
376.7
ty 9.1%
47.7 7.8%
56.0 64%
41 6.5p
ty 9.8%
47.2 8.4%
55.5 68%
7.0p
ofit before tax has 5.
V rules came into e IV basis. Balance sresentation; theref
21
Q1151 £m
6,430
(477)
5,953
(3,915) ((57)
(120)
-
(4,092) (419
1,880
128
-
-
429
(800)
(182)
-
(118)
1,337 (1(612)
725 (1
465 (80
180
£bn
1,416.4 1,395.9
9.0%
48.7
7.7%
57.0
64%
37
6.6p
4.0% (148.1
3.4% (156.3
71%
2.9p (
been revised to ac
effect in Q413; thersheet comparativefore no Q313 comp
Q414 Q31£m £m
6,018 6,378(573) (509
5,445 5,8693,942) (3,879(140) (98(339) (332(462)
4,883) (4,3091 30
563 1,590
(62) 44- 461
(935)
-
(750) (500
(200) (10-
(82) (3641,466) 1,221
85 (6011,381) 620
1,679) 37980 80
218 161
£bn £b,357.9 1,365.7401.9 412.9
1.7% 7.1%48.9 47.61.5% 6.1%57.1 55.681% 68%
48 421.3p 5.2
3.8%) 3.4%48.3 46.8
1.8%) 2.9%56.4 54.8
116% 70%10.2p) 2.4
ccount for the recla
refore no Q313 coe figures have alsoparative is availab
4 Q214 m £m
8 6,682 9) (538) 9 6,144 9) (4,042) 8) (146) 2) (254) - -
9) (4,442) (0 (46) 0 1,656
4 (67) 1 - - -
- -
0) -
0) (900) - -
4) - 1 689 1) (298) 0 391
9 161 0 41 1 189
bn £bn 7 1,314.9 19 411.1
% 7.5% 6 47.5 % 6.4% 6 55.3 % 66% 2 44
2p 5.4p
% 1.4% 8 46.7 % 1.2% 8 54.5 % 81% 4p 1.0p
assification of £32
mparative is availao been restated froble.
Q114
Q4£m
6,650 6,6(548) (7
6,102 5,9(4,130) (4,5
(65) (2(240) (4
- (5(4,435) (5,7
26 1,693 1
119 (- -
-
-
- - (-
1,812 (597) (5
1,215 (5
965 (649
201 1
£bn £,362.1 1,34436.3 44
7.6% (3.447.2 46.5% (2.954.8 567% 8
45 5.5p (2.
8.4% (5.546.4 47.2% (4.754.0 566% 86.0p (4.
2m of charges relat
able. Average allocm Q413 to adopt
413 Q3132 £m £m
639 6,445 718) (722) 921 5,723 500) (4,223) 277) (39) 468) (101) 504) -
49) (4,363) 19 25 91 1,385
(95) (211) - - - -
- -
- -
- - (79) -
- - 17 1,174
531) (446) 14) 728
642) 511 - -
128 217
£bn £bn 3.6 n/a 2.5 n/a
4%) 6.7% 7.1 43.5 9%) 5.7% 4.9 51.3
87% 68% 59 58
.8p) 5.4p
5%) 4.8% 6.3 42.8 7%) 4.0% 4.1 50.6
89% 70% .5p) 3.8p
ting to UK
cated equity and the offsetting
Quarterly
Barclays PLC
Barclays CoIncome statTotal income nCredit impairmNet operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net (expeProfit before taAttributable pr
Balance sheTotal assets
Risk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income ra
1 Q115 adjust
customer red2 RWAs are on
tangible equamendment
Results Su
C – 2015 Interim
ore
tement infornet of insurance
ment charges andincome
enses
conduct
ve
g expenses
enses)/income
ax
ofit
eet informati
assets
ce measures rage tangible equted tangible equ
rage equity ted equity (£bn)atio
ted total operatingdress to aid compan a CRD IV fully loa
uity are shown on ats to IAS32, Financ
ummary
m Results
rmation
claims
d other provision
ion
uity uity (£bn)
)
g expenses and proarability with Q215aded basis. CRD IVan estimated CRD cial Instruments: Pr
Q215
£m6,520
ns (488)6,032
(3,663)(41)
(184)-
(3,888)(39)
2,105 1,273
£bn858.5 320.1
13.3%38.6
11.0%46.7 60%
ofit before tax has 5.
V rules came into e IV basis. Balance sresentation; theref
22
Q1151
£m
6,420
(448)
5,972
(3,696)
(48)
(109)
-
(3,853)
17
2,136
1,284
£bn
949.6
331.1
13.5%
38.5
11.1%
46.7
60%
been revised to ac
effect in Q413; thersheet comparativefore no Q313 comp
Q414 Q3
£m £5,996 6,00(571) (49
5,425 5,5(3,614) (3,55
(56) (1(298) (20(371)
(4,339) (3,779
1,095 1,74638 1,00
£bn £886.5 899326.6 331
7.0% 11.537.0 355.8% 9.545.0 4372% 63
ccount for the recla
refore no Q313 coe figures have alsoparative is availab
314 Q214
£m £m 08 6,397 92) (456) 16 5,941 57) (3,602) 16) (136) 02) (237)
- - 75) (3,975)
6 27 47 1,993 02 1,171
£bn £bn 9.3 846.3 1.9 323.6
5% 13.8% 5.2 34.0 5% 11.3% 3.0 41.6 3% 62%
assification of £32
mparative is availao been restated froble.
Q114
£m 6,277 6(481)
5,796 5(3,710) (4
(43) (216)
- (3,969) (4
20 1,847 1,053
£bn 863.7 8330.3 3
13.2% 32.2
10.7% 39.6 63%
2m of charges relat
able. Average allocm Q413 to adopt
Q413 Q3132
£m £m6,189 6,076(542) (554
5,647 5,5224,045) (3,758
(69) (18(365) (84(395) -
4,874) (3,86015 15
788 1,677601 1,009
£bn £bn832.4 n/332.6 n/
7.6% 15.1%31.4 26.76.2% 11.8%38.9 34.279% 64%
ting to UK
cated equity and the offsetting
2
m 6 4) 2 8) 8) 4) -
0) 5 7 9
n a a
% 7 % 2 %
Quarterly
Barclays PLC
Barclays NoIncome statBusinesses
Securities and Derivatives
Total income nCredit impairmNet operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net incomLoss before taxAttributable los
Balance sheLoans and advaamortised costLoans and advaTrading portfoDerivative finanDerivative finanReverse repurcsecured lendingTotal assets
Customer depoRisk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatPeriod end allo
1 RWAs are on
tangible equamendment
2 Return on avGroup return
Results Su
C – 2015 Interim
on-Core tement infor
Loans
net of insurancement charges and
income/(expenenses
conduct
ve
g expenses me/(expense)
x
ss
eet informatiances to banks at
ances to customlio assets
ncial instrumentncial instrumentchase agreementg
osits
assets
ce measures
rage tangible equted tangible equ
rage equity2
ted equity (£bn)ocated equity (£b
n a CRD IV fully loauity are shown on ats to IAS32, Financverage equity and ns and Barclays Co
ummary
m Results
rmation
e claims
d other provisionnse)
ion
and customers a
mers at fair value
t assets
t liabilities
ts and other sim
uity2
uity (£bn)
)
bn)
aded basis. CRD IVan estimated CRD cial Instruments: Pr average tangible eore returns. This do
Q215
£m153 (42)(79)32
ns (8)24
(234)(36)(12)
- (282)
2 (256)(203)
£bn
at 53.9
e 17.0 11.6
220.9 213.6
milar 15.6
338.2 19.6 56.6
(4.2%)9.1
(3.2%)9.3 8.3
V rules came into e IV basis. Balance sresentation; therefequity for Barclaysoes not represent t
23
Q115 £m 122 (73) (39) 10 (29) (19) (219) (9) (11) - (239) 2 (256) (199)
£bn
65.6
18.5 14.6 301.9 295.6
42.8
466.8 20.5 64.8
(4.5%) 10.2 (3.4%) 10.3 9.7
effect in Q413; thersheet comparativefore no Q313 comps Non-Core represethe return on aver
Q414 Q3
£m £228 3
(142) 10(64) (622 37(2) (120 35
(329) (32(83) (8(41) (13(91)
(544) (53(8)
(532) (15(448) (17
£bn £
63.9 64
18.7 1815.9 19
285.4 249277.1 240
49.3 73
471.5 46621.6 2275.3 81
(5.3%) (4.411.9 12
(4.3%) (3.412.1 1211.0 12
refore no Q313 coe figures have alsoparative is availabents its impact on rage equity and ave
314 Q214
£m £m 27 245 06 66 63) (26) 70 285 17) (82) 53 203 21) (441) 82) (10) 30) (17)
- - 33) (468) 23 (72) 57) (337) 73) (294)
£bn £bn
4.5 75.5
8.1 17.0 9.2 22.9 9.6 227.0 0.0 215.0
3.9 86.8
6.5 468.6 2.2 28.6 1.0 87.5
%) (6.3%) 2.4 13.5 %) (4.9%)
2.6 13.7 2.1 12.7
mparative is availao been restated froble. the Group, being t
verage tangible equ
Q114
£m 301
87 (15) 373 (67) 306
(419) (23) (24)
- (466)
6 (154) (171)
£bn
83.4
17.5 29.4
231.5 2220.9 2
98.3
498.4 530.7
106.0
(5.6%) (115.0
(4.2%) (15.2 14.9
able. Average allocm Q413 to adopt
the difference betwuity of the Non-Co
Q413 Q313
£m £m322 354121 60
7 (46450 368
(176) (168274 200
(456) (464(208) (21(103) (17(109) -(876) (502
4 10(598) (292(997) (274
£bn £bn
81.9 n/
17.6 n/30.7 n/
239.3 n/228.3 n/
104.7 n/
511.2 n/29.3 n/
109.9 n/
1.0%) (8.4%15.7 16.8
9.1%) (6.1%16.0 17.115.1 16.3
cated equity and the offsetting
ween Barclays re business.
1
m 4 0 6) 8 8) 0 4)
) 7) -
2) 0 2) 4)
n
a
a a a a
a
a a a
%) 8
%) 1 3
Quarterly
Barclays PLC
Personal anIncome statTotal income Credit impairmprovisions
Net operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net (expeProfit before taAttributable pr
Balance sheLoans and advaamortised costTotal assets
Customer depoRisk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
Analysis of totPersonal Corporate
Wealth
Total income
Analysis of loacustomers at aPersonal
Corporate
Wealth
Total loans andamortised cost
Analysis of cusPersonal Corporate
Wealth
Total custome
1 Q115 adjust
customer red2 RWAs are on
tangible equ
Core Resu
C – 2015 Interim
nd Corporatetement infor
ment charges and
income
enses conduct ve
g expenses enses)/income
ax
ofit
eet informatiances to customt
osits
assets
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
(bps)
tal income
ans and advanceamortised cost
d advances to ct
stomer deposits
r deposits
ted total operatingdress to aid compan a CRD IV fully loa
uity are shown on a
ults by Bus
m Results
e Banking rmation
d other
ion
mers at
uity
uity (£bn)
)
es to
customers at
s
g expenses and proarability with Q215aded basis. CRD IVan estimated CRD
siness
Q215 Q1
£m
2,210 2,1
(99) (
2,111 2,0(1,232) (1,2
(23)
(97) (-
(1,352) (1,2(50)
709 8500 6
£bn £
217.5 21
289.9 29298.5 29120.6 12
14.9% 17.13.6 1
11.2% 13.18.1 161% 5
18
£m
1,005 1,0970 9235 2
2,210 2,1
£bn £137.8 13
66.0 613.7 1
217.5 219
146.3 14120.3 12
31.9 3298.5 298
ofit before tax has 5.
V rules came into e IV basis.
24
151 Q4
£m £174 2,23
(79) (12
095 2,10234) (1,20
(2) (1(42) (19
- (778) (1,48
2
819 62602 44
£bn £
9.0 217
4.1 2858.1 2992.5 120
.8% 13.33.6 13.4% 10.08.1 17
59% 6714 2
£m £009 1,04907 92258 26
74 2,23
£bn £7.5 1366.5 655.0 15
9.0 217
5.3 1450.9 1221.9 318.1 299
been revised to ac
effect in Q413; ther
414 Q314
£m £m 31 2,236
23) (129)
08 2,107 04) (1,222) 15) (10) 95) (90) 70) - 84) (1,322)
4 4 28 789 41 578
£bn £bn
7.0 215.7
5.0 275.7 9.2 295.9 0.2 120.0
3% 17.8% 3.4 13.1 0% 13.4% 7.8 17.5 7% 59% 22 23
£m £m 45 1,061 22 902 64 273 31 2,236
£bn £bn 6.8 136.5 5.1 63.1 5.1 16.1
7.0 215.7
5.8 143.0 2.2 120.7
.2 32.2 9.2 295.9
ccount for the recla
refore no Q313 co
Q214 Q
£m 2,188 2
(95) (
2,093 2,(1,247) (1,
(9) (58)
- (1,314) (1,
1 780 559
£bn
216.7 2
268.1 2298.3 2117.9 1
17.5% 1412.9
13.1% 1117.2 60%
17
£m 1,027 1
889 272
2,188 2,
£bn 135.9 1
64.8 16.0
216.7 2
141.6 14123.7 1
33.0 298.3 29
assification of £32
mparative is availa
Q114 Q
£m ,173 2,1
(135) (1
,038 1,9,278) (1,3(20) ((57) (2
- (355) (1,6
5 688 3480 2
£bn
15.5 21
71.5 2797.2 2916.1 11
4.7% 813.1 11.1% 617.4 162% 7
25
£m ,026 1,0879 8268 2
,173 2,1
£bn 34.9 1364.2 616.4 1
15.5 21
41.3 1420.9 1135.0 397.2 29
2m of charges relat
able. Average alloc
413 Q3132
£m £m 166 2,252
169) (153)
997 2,099 371) (1,313) (17) (5) 219) (73) (66) -
673) (1,391) 3 1
327 709 281 518
£bn £bn
2.2 210.1
78.5 278.3 95.9 289.3
8.3 n/a
.6% 15.4% 3.1 13.5 .5% 11.8% 7.4 17.6
77% 62% 31 28
£m £m 037 1,033 866 956 263 263 166 2,252
£bn £bn 33.8 132.7 62.5 62.5
5.9 14.9
2.2 210.1
40.5 139.2 8.5 114.5
36.9 35.6 95.9 289.3
ting to UK
cated equity and
Quarterly
Barclays PLC
BarclaycardIncome statTotal income
Credit impairmprovisions
Net operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaamortised costTotal assets
Customer depoRisk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
1 RWAs are on
tangible equ
Core Resu
C – 2015 Interim
d tement infor
ment charges and
income
enses conduct ve
g expenses me
ax
ofit
eet informatiances to customt
osits
assets
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
(bps)
n a CRD IV fully loauity are shown on a
ults by Bus
m Results
rmation
d other
ion
mers at
uity
uity (£bn)
)
aded basis. CRD IVan estimated CRD
siness
Q215 Q1
£m
1,222 1,1
(273) (2
949 8(496) (4
- (31) (
-
(527) (47
429 3307 2
£bn £
36.9 3
41.9 47.7
40.3 3
24.9% 21.5.0
19.7% 16.6.3
43% 4283 3
V rules came into e IV basis.
25
115 Q4
£m £135 1,10
290) (36
845 74465) (45
-
(25) (5- (2
90) (5311
366 21259 13
£bn £
6.8 36
2.4 418.0 79.9 39
.0% 11.25.0 4.6% 9.06.3 6
43% 48305 37
effect in Q413; ther
414 Q314
£m £m 09 1,123
62) (284)
47 839 56) (449)
- - 50) (32) 29) - 35) (481)
1 4 13 362 37 262
£bn £bn
6.6 34.8
.3 38.9 7.3 6.5 9.9 38.6
2% 21.8% 4.9 4.8 0% 17.5% 6.2 6.0 8% 43% 74 309
refore no Q313 co
Q214 Q
£m 1,082 1
(268) (
814 (420) (
- (23)
- (443) (
25 396 285
£bn
33.2
36.2 5.9
37.7
24.7% 224.6
19.7% 185.8
41% 309
mparative is availa
Q114 Q
£m ,042 1,0
(269) (2
773 7(402) (4
- ((13) (
- (415) (5
10 368 2254 1
£bn
31.9 3
35.0 35.8
36.4 3
2.6% 164.5
8.2% 125.6
40% 5325 3
able. Average alloc
413 Q3131
£m £m 034 1,050
266) (290)
768 760 446) (442) (11) (13) (38) (6) (22) -
517) (461) 5 12
256 311 169 214
£bn £bn
31.5 30.4
34.4 33.4 5.1 4.7
35.7 n/a
.1% 20.2% 4.2 4.2 .7% 15.9% 5.3 5.4
50% 44% 320 360
cated equity and
Quarterly
Barclays PLC
Africa BankIncome statTotal income nCredit impairmprovisions
Net operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaamortised costTotal assets
Customer depoRisk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income raLoan loss rate (
Constant cuIncome statTotal income nCredit impairmprovisions
Net operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net incomProfit before taAttributable pr
Balance sheLoans and advaamortised costTotal assets
Customer depoRisk weighted a
1 RWAs are on2 Constant cur
the income sthe reporting
Core Resu
C – 2015 Interim
king tement infornet of insurance
ment charges and
income
enses conduct ve
g expenses
me
ax
ofit
eet informatiances to customt
osits
assets
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
(bps)
urrency2
tement infornet of insurance
ment charges and
income
enses conduct ve
g expenses
me
ax
ofit
eet informatiances to customt
osits
assets
n a CRD IV fully loarrency results are statement and theg periods.
ults by Bus
m Results
rmation
claims
d other
ion
mers at
uity
uity (£bn)
)
rmation
claims
d other
ion
mers at
aded basis. CRD IV calculated by conve 30 June 2015 clos
siness
Q215 Q1
£m
910 9
(103) (
807 8(557) (5
- (7)
-
(564) (52
245 296 1
£bn £
33.8 3
54.0 534.4 336.4 3
13.2% 14.2.9
9.7% 10.3.9
62% 6112
£m
910 9
(103) (
807 8(557) (5
- (7)
-
(564) (52
245 296 1
£bn £
33.8 3
54.0 534.4 336.4 3
V rules came into everting ZAR resultssing exchange rate
26
115 Q4
£m £948 96
(90) (7
858 88559) (59
- ((6) (2
- (465) (65
2 295 22112 8
£bn £
5.7 35
7.8 555.0 359.3 38
.7% 11.93.1 2.8% 8.74.1 4
60% 6894 8
£m £
913 91
(87) (7
826 84539) (56
- ((6) (2
- (445) (63
2 283 21107 8
£bn £
3.7 33
4.6 523.0 337.0 36
effect in Q413; thers into GBP using the for the balance s
414 Q314
£m £m 63 928
79) (74)
84 854 90) (572) (1) (1) 23) (11) 45) - 59) (584)
3 2 28 272 88 91
£bn £bn
5.2 34.5
5.5 54.6 5.0 33.4 8.5 37.9
9% 13.1% 2.9 2.8 7% 9.5% 4.0 3.8 8% 63% 83 79
£m £m
19 906
75) (71)
44 835 64) (559) (1) (1) 22) (10) 45) - 32) (570)
3 1 15 266 83 88
£bn £bn
3.2 33.1
2.2 52.2 3.1 32.0 6.3 36.3
refore no Q313 cohe average exchansheet to eliminate t
Q214 Q
£m 895
(100)
795 (545) (
- (8)
- (553) (
2 244
78
£bn
33.8
52.4 33.2 36.5
11.3% 152.8
8.1% 113.8
62% 111
£m
870
(97)
773 (530) (
- (9)
- (539) (
2 236
80
£bn
32.1
49.9 431.6 34.7
mparative is availange rate for the thrthe impact of mov
Q114 Q
£m 878 9
(96) (1
782 8(537) (6
- (9) (
- (546) (6
4 240 2103
£bn
35.0 3
54.1 534.0 336.6 3
5.5% 42.7
1.1% 33.7
62% 6104 1
£m
851
(93)
758 (521)
- (8)
- 529)
4 233
99
£bn
32.1
49.7 31.3 33.6
able. ree months ended vement in exchang
413 Q3131
£m £m 980 1,004
104) (101)
876 903 616) (605)
- - (15) (2) (42) -
673) (607) - 3
203 299 30 104
£bn £bn
34.9 36.5
54.9 57.3 34.6 35.4 38.0 n/a
.2% 14.1% 2.8 3.0 .0% 10.0% 4.0 4.1
69% 60% 105 104
30 June 2015 for ge rates between
Quarterly
Barclays PLC
Investment Income statInvestment banLending
Banking
Credit Equities
Macro
Markets
Banking & MarOther
Total income
Credit impairmother provisionNet operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingProfit/(loss) bAttributable pr
Balance sheLoans and advaat amortised coTrading portfoDerivative finanDerivative finanReverse repurcsimilar securedTotal assets
Risk weighted a
PerformancReturn on averAverage allocatReturn on averAverage allocatCost: income ra
1 RWAs are on
tangible equamendment
Core Resu
C – 2015 Interim
Bank tement infornking fees
rkets
ment (charges)/rns
income
enses conduct ve
g expenses
efore tax
ofit/(loss)
eet informatiances to banks aost
lio assets
ncial instrumentncial instrumentchase agreementd lending
assets
ce measures
rage tangible equted tangible equ
rage equity
ted equity (£bn)atio
n a CRD IV fully loauity are shown on ats to IAS32, Financ
ults by Bus
m Results
rmation
releases and
ion
and customers
t assets
t liabilities
ts and other
uity
uity (£bn)
)
aded basis. CRD IVan estimated CRD cial Instruments: Pr
siness
Q215
£m
586
122
708 272
616
554
1,442 12,150 2
-
2,150 2
(12)
2,138 2(1,328) (1
(13)
(32)
-
(1,373) (1765 417
£bn
123.1 1
81.8 118.5 1127.7 1
58.4
420.1 5115.3 1
12.2%
13.9 11.5%
14.8 64%
V rules came into e IV basis. Balance sresentation; theref
27
Q115 Q4
£m 549 5
83 1632 6274 1619 4624 4
1,517 1,02,149 1,6
- 2,149 1,6
11
2,160 1,61,410) (1,3
(44) ((31) (
- (21,485) (1,6
675 344 (1
£bn £
134.4 10
99.1 94175.9 15186.0 16
58.0 64
509.6 45123.0 12
9.7% (3.914.5 149.1% (3.715.4 169% 9
effect in Q413; thersheet comparativefore no Q313 comp
414 Q314
£m £m 527 410
11 137 638 547
73 255 431 395 424 470 028 1,120 666 1,667
- (2) 666 1,665
(7) (5)
659 1,660 351) (1,305) (33) (1) (22) (70) 218) -
24) (1,376) 35 284 50) 112
£bn £bn
6.3 123.1
4.8 98.8 2.6 131.4 0.6 137.6
4.3 82.8
5.7 488.4 2.4 127.9
9%) 3.3% 4.7 14.2 7%) 3.1% 5.6 15.0
97% 83%
refore no Q313 coe figures have alsoparative is availab
Q214
£m 661
66 727 270 629 504
1,403 12,130 2
24 2,154 2
7
2,161 2(1,357) (1
(85) (152)
- (1,594) (1
567 204
£bn
117.2 1
101.2 1104.2 109.5 1
83.0
446.2 4123.9 1
5.6% 14.8 5.3% 15.5 74%
mparative is availao been restated froble.
Q114 Q4
£m 513 5103 616 6346 2591 4552 4
1,489 1,12,105 1,7
(2) 2,103 1,7
19
2,122 1,7,491) (1,5(10) (
(130) (- (2
,631) (1,9491 (13231 (
£bn £
129.7 104
101.2 9699.9 108
106.7 116
86.6 78
469.4 438125.2 124
6.4% (2.114.7 146.1% (2.015.4 1578% 10
able. Average allocm Q413 to adopt
413 Q3131
£m £m 571 526
68 42 639 568 231 308 421 524 494 457
46 1,289 85 1,857 (3) (6) 82 1,851
(6) (10)
76 1,841 75) (1,373) 31) - 71) (3) 36) - 13) (1,376) 37) 465 74) 283
£bn £bn
4.5 n/a
6.6 n/a 8.7 n/a 6.6 n/a
8.2 n/a
8.0 n/a 4.4 n/a
%) 7.5% 4.4 15.1 0%) 7.2% 5.1 15.7 7% 74%
cated equity and the offsetting
Quarterly
Barclays PLC
Head OfficeIncome statTotal income/(Credit impairmother provisionNet operating Operating expeLitigation and cCosts to achievUK bank levy
Total operatingOther net incom(Loss)/profit bAttributable (lo
Balance sheTotal assets
Risk weighted aAverage allocatAverage allocat
1 RWAs are on
tangible equamendment
Core Resu
C – 2015 Interim
e tement infor(expenses)
ment (charges)/rns
income/(expenenses conduct ve
g expenses me/(expenses)
before tax
oss)/profit
eet informati
assets
ted tangible equted equity
n a CRD IV fully loauity are shown on ats to IAS32, Financ
ults by Bus
m Results
rmation
releases and
nses)
ion
uity
aded basis. CRD IVan estimated CRD cial Instruments: Pr
siness
Q215
£m
28
(1)
27 (50)
(5)
(17)
-
(72)
2
(43)
(47)
£bn
52.6 7.5 3.2 3.6
V rules came into e IV basis. Balance sresentation; theref
28
Q115 Q4
£m 14
-
14 (28) (
(2) (5)
- (35) (
2 (19) (33) 1
£bn £45.7 4
6.3 2.3 2.8
effect in Q413; thersheet comparativefore no Q313 comp
414 Q314
£m £m 27 56
- -
27 56 (11) (9)
(8) (4) (8) - (9) - 36) (13)
- (3) (9) 40 22 (41)
£bn £bn 9.1 41.5 5.6 7.5 1.1 0.3 1.4 0.7
refore no Q313 coe figures have alsoparative is availab
Q214
£m 78
-
78 (34) (42)
5 -
(71) (1) 6
45
£bn 43.3
7.6 (1.1) (0.7)
mparative is availao been restated froble.
Q114 Q4
£m 81 2
-
81 2(3) (
(12) ((7) (
- ((22) (9
1 60 1
(15) 1
£bn £33.7 2616.0 16(2.8) (3(2.5) (2
able. Average allocm Q413 to adopt
413 Q3131
£m £m 227 (81)
3 -
230 (81) 37) (25) 10) - 22) - 29) - 98) (25)
7 (1) 39 (107) 92 (110)
£bn £bn 6.6 n/a 6.2 n/a 3.1) (9.1) 2.9) (8.6)
cated equity and the offsetting
Performa
Barclays PLC
Returns a
Returns on avholders of thinstruments) excluding nohas been calccapital deducpurposes. Heratio and 10assets. For Africa Ba(together witwell as the Basame basis, bstatutory equ
Return on averPersonal and CBarclaycard
Africa Banking
Investment BanBarclays Core Head Office imBarclays Core Barclays Non-CBarclays Group
Return on averPersonal and CBarclaycard
Africa Banking
Investment BanBarclays Core Head Office imBarclays Core Barclays Non-CBarclays Group
1 Return on av
respectively.
Profit/(loss) atequity holdersPersonal and CBarclaycard
Africa Banking
Investment BanHead Office
Barclays Core
Barclays Non-CBarclays Group
nce Manag
C – 2015 Interim
nd equity
verage equity he parent (adj divided by an-controlling aculated as 10.5ctions, includinead Office equ.5%. Allocated
nking, the equth that of the arclays’ goodwbut excludes buity.
rage tangible eqCorporate Bankin
nk
excluding Headmpact1
Core impact1
p adjusted total
rage equity
Corporate Bankin
nk
excluding Headmpact1
Core impact1
p adjusted total
verage equity and This does not rep
ttributable to or of the parent
Corporate Bankin
nk
Core
p adjusted total
gement
m Results
by busines
and average tusted for the
average allocaand other equ5% of CRD IV fng goodwill anity includes thd tangible equ
uity used for reBarclays Egyp
will on acquisitboth the Barcla
quity
ng
d Office
l
ng
d Office
l
average tangible epresent the return o
rdinary
ng
l
ss
tangible equity tax credit rec
ated equity ority interests fofully loaded ris
nd intangible ahe unallocateduity is calcula
eturn on averapt and Zimbabtion of these bays’ goodwill o
equity for Head Ofon average equity
29
y are calculatecorded in reser average allo
or businesses, sk weighted asassets, reflectind Group equityated using the
age equity is Babwe businessebusinesses. Thon acquisition
ffice and Barclays N and average tang
d as profit for erves in respeocated tangiblapart from Afrssets for each ng the assumpy arising from e same metho
arclays’ share s which rema
he tangible equ and the good
H
H
Non-Core represengible equity of Head
H
the period attect of interest le equity for rica Banking (sbusiness, adju
ptions the Gro the differenceod, but exclud
of the statutoin outside theuity for return will and intan
Half year ended
30.06.15
%
16.4%
22.9%
14.0%
10.9%
14.9%
(1.5%)
13.4%
(4.3%)
9.1%
Half year ended
30.06.15
%
12.3%
18.2%
10.3%
10.2%
12.3%
(1.2%)
11.1%
(3.4%)
7.7%
nts their impact ond Office or the Non
Half year ended
30.06.15
£m
1,114
570
208
774
(83)
2,583 (396)
2,187
tributable to o payments onthe period as
see below). Alusted for CRD up uses for ca
e between thedes goodwill a
ry equity of the BAGL corpor on tangible eqgibles held wit
H
H
n Barclays Core ann-Core business.
H
ordinary equityn other equitys appropriate,located equityIV fully loaded
apital planninge CRD IV CET1and intangible
he BAGL entityrate entity), asquity uses thethin the BAGL
Half year ended30.06.14
%16.1%23.6%13.3%
6.0%12.6%
0.9%13.5%(6.0%)
7.5%
Half year ended30.06.14
%12.1%18.9%
9.6%5.7%
10.5%0.5%
11.0%(4.5%)
6.5%
nd the Group
Half year ended30.06.14
£m1,044
540 181 441
31 2,237 (458)
1,779
y y ,
y d g
e
y s e L
d 4
% % % % % % % %
) %
d 4
% % % % % % % %
) %
d 4
m )
Performa
Barclays PLC
Average allocaPersonal and CBarclaycard
Africa Banking
Investment BanHead Office1
Barclays Core
Barclays Non-CBarclays Group
Average allocaPersonal and CBarclaycard
Africa Banking
Investment BanHead Office1
Barclays Core
Barclays Non-CBarclays Group
Period end alloPersonal and CBarclaycard
Africa Banking
Investment BanHead Office1
Barclays Core
Barclays Non-CBarclays Group
1 Based on ris
equity and ta
nce Manag
C – 2015 Interim
ated tangible eqCorporate Bankin
nk
Core
p adjusted total
ated equity
Corporate Bankin
nk
Core
p adjusted total
ocated equity
Corporate Bankin
nk
Core
p adjusted total
sk weighted assetsangible ordinary sh
gement
m Results
quity
ng
l
ng
l
ng
l
s and capital deduhareholders’ equity
uctions in Head Oty.
30
Office and Other O
H
H
Operations, plus th
Half year ended
30.06.15
£bn
13.6 5.0 3.0
14.2 2.7
38.5 9.7
48.2
Half year ended
30.06.15
£bn
18.1 6.3 4.0
15.1 3.2
46.7 9.8
56.5
As at 30.06.15
£bn
17.9 6.3 3.9
13.7 5.2
47.0 8.3
55.3
he residual balance
H
H
e of average ordin
Half year ended30.06.14
£bn13.0
4.6 2.7
14.7 (1.9)33.1 14.2 47.3
Half year ended30.06.14
£bn17.3
5.7 3.8
15.4 (1.6)40.6 14.5 55.1
As at 31.12.14£bn
17.9 6.2 4.0
14.7 2.1
44.9 11.0 55.9
nary shareholders
d 4 n )
d 4 n )
4 n
’
Performa
Barclays PLC
Margins a
Personal and CBarclaycard Africa Banking Total PersonalBarclaycard anInvestment BanHead Office Core Barclays Non-CTotal net intere
Total PCB
– An incand A
– Net inCorposwitchhedge
Net interethe Groupto appropfunding a
Quarterly anal
Personal and CBarclaycard Africa Banking Total Personal
Personal and CBarclaycard Africa BankingTotal Personal
Personal and CBarclaycard Africa Banking Total Personal
Personal and CBarclaycard Africa Banking Total Personal 1 Q115 Net In
nce Manag
C – 2015 Interim
and balanc
Corporate Bankin
and Corporate
nd Africa Bankinnk
Core est income
B, Barclaycard a
crease in averaAfrica Banking
nterest marginorate Banking,hing and lowee contributions
est margin by bp of alternativepriately give crat a rate that is
ysis for PCB, Ba
Corporate Bankin
and Corporate
Corporate Bankin
1 and Corporate
Corporate Bankin
and Corporate
Corporate Bankin
and Corporate
nterest Income has
gement
m Results
ces
ng
Banking, ng
and Africa Ban
age customer
n increased 1, partially offsr Corporate des of £0.7bn (20
business reflece funding in wedit to busines driven by prev
arclaycard and A
ng
Banking, Barcla
ng
Banking, Barcla
ng
Banking, Barcla
ng
Banking, Barcla
s been revised by £
Half yea
Net interest income
£m 3,203 1,704 1,068
5,975 276
(178) 6,073
128 6,201
nking NII incre
assets to £28
1bps to 4.17set by the imebt margins. G014: £0.8bn)
cts movementwholesale mark
sses with net svailing market
Africa Banking:
aycard and Afri
aycard and Afri
aycard and Afri
aycard and Afri
£14m to accurately
31
ar ended 30.06.Average
customer assets
£m 214,906
37,967 36,096
288,969
ased 7% to 5,9
9.0bn (2014: £
7% primarily dmpact of morGroup NII incre
ts in the Groupkets. The internsurplus liquiditt rates and incl
ica Banking
ica Banking
ica Banking
ica Banking
ly reflect the classif
15
Net interest margin
% 3.01 9.05 5.97
4.17
975m due to:
£276.1bn) wit
due to higherrtgage margineased to £6.2b
p’s internal funnal funding ratty and to charludes a term p
Net int
in
1
3
1
2
1
2
1
2
fication of income
Half y
Net interest income
£m 3,057 1,500 1,007
5,564 334
1 5,899
183 6,082
th growth in P
r deposits man pressure frobn (2014: £6.1
nding rates whte prices intra-ge those busin
premium
Quarter endterest come
Average
£m
1,602
883
521
3,006
Quarter end1,601
821
547
2,969
Quarter end1,619
757
546
2,922
Quarter end1,622
787
540
2,949
across financial st
year ended 30.0
Average
customer assets
£m 208,160
33,410 34,574
276,144
PCB Mortgages
argins within om existing cbn) including
hich are based -group fundingnesses in need
ded 30.06.15
customer assets
£m 215,069
38,025 35,610
288,704
ded 31.03.15
214,645 37,909 36,603
289,157
ded 31.12.14
212,444 36,932 36,465
285,841
ded 30.09.14
210,859 35,308 35,026
281,193
tatement line item
06.14
Net interest margin
% 2.96 9.05 5.87
4.06
s, Barclaycard,
Personal andcustomer rate net structural
on the cost tog and liquidity
d of alternative
Net interest margin
% 2.99 9.31 5.87 4.18
3.02 8.78 6.06 4.18
3.02 8.13 5.94 4.06
3.05 8.84 6.12 4.16
ms.
,
d e l
o y e
Risk Mana
Barclays PLC
Risk mana
Barclays risk creates clearunderstood aand the operamaterial enogrouped into
Further detailwww.barclaythe close aligThere has beor expected f
While the riskagreement facapital markepositions, e.g
The followingand Market R
Funding & l
Whilst Barclaseparately atotherwise, alrequirements
Liquidity str
Compliance
Eligible liquidityNet stress outfSurplus
Liquidity pool Liquidity pool
Barclays manregulatory meRatio (LCR). Afor both the associated woccurred dur
Barclays estimby the BCBS i
1 Of the threecompares to
agement
C – 2015 Interim
agement a
managementr ownership aand managed iating effectiveugh to merit five Principal
l on these risksys.com/investognment betweeen no other sifor the remaini
ks to the Euroalter the potenets as well as l. Italy and Port
g section givesRisk for the per
iquidity
ays has a cot Barclays Afrl disclosures
s, BAGL’s liquid
ress testing
e with intern
y buffer
flows
as a percentageas a percentage
nages the Groetrics, such asAs at 30 June 30 day Barcl
with credit ratining Q215, the
mated its Net Sn October 201
e stress scenarios mo 149% (2014: 135
m Results
and princip
t responsibilitand accountain accordance ness of controestablishing s
Risks: Credit R
s and how theorrelations. Foen them and tignificant chaning six months
ozone have recntial for a deflocal markets tugal.
s an overview riod.
mprehensive rica Group Liin this sectio
dity risk is man
al and regula
e of anticipatede of anticipated
oup’s liquidity s the Individua2015, the Groays-specific L
ng changes as expected fund
Stable Funding14.
monitored as part5%) under the 90 d
pal risks
ies are laid oability, with th with agreed r
ols. It includes specific bank-
Risk; Market Ri
ey are manager 2015, reputathe fact that ange to the Keys of the financ
ceded slightly fault by Greecand adversely
of the perform
framework fomited (BAGL)n exclude BAnaged on a con
atory stress t
net outflows as net outflows as
position againal Liquidity Guioup held eligibLRA and the Ls a result of reding impacts h
g Ratio (NSFR)
t of the LRA, the 3day market-wide s
32
out in the Enthe purpose thisk appetite, athose risks inc
-wide control sk; Funding Ri
d is available fation risk has bas separate Priy Risks, risk mial year.
following thece and subseqy impact Barcla
mance in Fund
or managing ) due to loca
AGL, which is nsistent basis
tests
s at 30 June 201s at 31 Decemb
nst the Groupidance (ILG) ple liquid asset
LCR. The surevised assessmhad not fully m
) at 106% (201
30 day Barclays spscenario and 121%
terprise Risk Mhat the Ground that there icurred by Barc
frameworks. sk; Operationa
from the 2014been recogniseincipal Risks thanagement or
e recent agreequent Euro exiays’ performan
ding Risk – Liq
the Group’s al currency an reported on to Barclays Gr
15
ber 2014
p’s internally dprovided by thes significantly rpluses were bment of sovere
materialised by
14: 102%) bas
pecific scenario re% (2014: 127%) un
Management p’s most signis regular repo
clays that are foThese are kn
al Risk; and Co
4 Annual Repoed as a Key Rishey had a comr principal unc
ment for a bait would re-emnce where it h
quidity, Fundin
liquidity risksnd funding rea stand-alone
roup.
Barcla
(30 day B
require
defined Liquidie PRA, and the in excess of 1built to positieign support. the end of H1
sed on the fina
sults in the lowesnder the 30 day co
Framework (Enificant risk eorting of both roreseeable, co
nown as Key onduct Risk.
rt and Accounsk within cond
mmon Principacertainties dur
ailout of Greecmerge, which has larger asse
ng Risk – Capit
, liquidity riskequirements. e basis. Adjus
ays' LRA Barclays specific
ement)1
Es
£bn
145
122
23
119%
124%
ity Risk Appete CRD IV Liqui100% of net ston the Group Whilst the rat15.
al NSFR guideli
t ratio at 119% (2ombined scenario.
ERMF), whichexposures arerisk exposures
ontinuous, andRisks and are
nts or online atduct risk givenal Risk Officer.ing the period
ce, should thiscould disrupt
et and funding
tal, Credit Risk
k is managedUnless stated
sting for local
stimated CRDIVLCR
£bn150 124 26
121%124%
tite (LRA) andidity Coveragetress outflows
p for outflowstings changes
ines published
2014: 124%). This
h e s d e
t n .
d
s t g
k
d d l
V R
n
%
%
d e s s s
d
s
Funding R
Barclays PLC
Compositio
As at 30.06.20Cash and depo Government bAAA rated
AA+ to AA- ratOther governmTotal Governm Other
Supranational bAgencies and aCovered bondsOther Total other Total as at 30 JTotal as at 31 D Barclays mansupport paymBarclays Bankpredominantagainst entity Deposit fun
Funding of loa(including BAG Personal and CBarclaycard
Africa Banking
Non-Core retaiTotal Retail fun Investment BanTrading settlemTotal
PCB, Barclaycthese businesliquidity bufferely on custo
1 £114bn (20
the PRA’s an2 The LCR-elig
2B assets as3 Of which ove
Bank. 4 Of which ove
Risk - Liqui
C – 2015 Interim
n of the Gro
015
osits with centra
onds4
ed ment bonds ment bonds
bonds and multagency mortgags (rated AA- and
June 2015
December 2014
nages the liquidment or clearink PLC and wasly within Barcl
y-specific stres
nding
ans and advanceGL)
Corporate bankin
l
nding
nk, Non-core whment balances a
card, Africa Basses was 88% er requiremenmer deposit fu
14: £122bn) of thennouncement in Agible assets presens defined by the CRer 95% (2014: ove
er 90% (2014: ove
idity
m Results
up Liquidity
al banks3
tilateral developmge-backed securd above)
4
dity pool on a ng requirements available to mays Capital Inc
ssed outflows
es to customers
ng
holesale and Heand collateral
anking and No (2014: 89%).
nts for these bunding from th
e liquidity pool is Pugust 2013 that cented in this table rRDIV Delegated Acer 95%) was place
er 95%) are compr
Pool
ment banks
ities
centralised bats. As at 30 Jun
meet liquidity nc. The portion and regulatory
s
ad Office
n-Core retail a The custome
businesses. Thhese businesse
PRA eligible as per ertain assets specrepresent only thosct. ed with the Bank o
rised of UK, US, Jap
33
Liquidpo
30.06.20
£ 3
7
8
1
2
14 14
asis. The liquidne 2015, 93% needs across t of the liquidityy requirements
Loans anadvances t
customer£b
217 37 34 18
306
37 88
43
are largely funr deposits in ee Investment
es. The loan to
BIPRU 12.7. In addcified by PRA as Lese assets which ar
of England, US Fed
panese, French, Ge
ity ool 15
Liquiditpool o
which PReligible
bn £b31 2
74 73 9 3
86 83
7 3
15 3 3
28 3
45 11449 122
ity pool is held (2014: 92%) ohe Barclays Gry pool outside s.
As at 30.06.2nd to rs
Custdep
bn
7 7 4 8
6
7 8
1
ded by customexcess of loans
Bank is fundeo deposit ratio
dition, there are £1evel 2 assets can bre also eligible for
deral Reserve, Euro
erman, Danish, Sw
ty of
RA e1
Liquidity pCRDIV LC
Level 1bn £bn8 28
3 738 92 -3 82
3 7 - 9 - 3 - -3 19
4 1292 136
d unencumberof the liquidityroup. The resid of Barclays Ba
2015
omer posits
Loan to
£bn 298
8 34
7 347
14 77
438
mer deposits. Ts and advanceed with wholefor the Group
12bn (2014: £12bbe used on a trans the Group liquidit
opean Central Ban
wiss and Dutch secu
pool of which CR-eligible2
1 Level 2An £bn8 1
3 - 9 - - 2 2 2
7 - 9 6 3 - - - 9 6
9 9 6 7
red and is not uy pool was locadual liquidity pank PLC is held
As
o deposit ratio
L
%
88
98
The loan to dees are primarilyesale liabilities was 98% (201
bn) of Level 2 assetsitional basis. ty pool and do not
k, Bank of Japan a
urities.
Liquidity pool
31.12.2014
A
£bn 37
73 12 - 85
9 11 3 4 27
used to ated in pool is held d primarily
s at 31.12.14
Loan to deposit ratio
%
89
100
eposit ratio fory used to fund and does not14: 100%).
ts available, as per
t include any Level
and Swiss National
r d t
r
l
l
Funding R
Barclays PLC
Wholesale f Funding of As at 30.06.15Assets Trading PortfoReverse repurc Reverse repurc Derivative Fina Liquidity pool 1Other unencum
Trading pliquid assdays (201
The majo(2014: 66agreemen
Derivativefor countpaid
The Grouand other
1 The portion 2 Predominan3 Highly liquid
Risk - Liqui
C – 2015 Interim
funding
other assets
5
lio Assets
chase agreement
chase agreement
ncial Instrumen
mbered assets 2
portfolio assetets3. The weig
14: 56 days)
ority of revers6%) of matchents are used to
e assets and liaerparty netting
up liquidity poor assets are lar
of the liquidity poontly available for sad assets are limited
idity
m Results
ts
ts
ts
s are largely fhted average
e repurchase ed book activio settle trading
abilities are larg and the rem
ol is primarily rgely matched
ol estimated to be ale investments, trad to government bo
funded by repmaturity of th
agreements aty was secure
g portfolio liabi
rgely matched.maining portion
funded by wh by term whole
funded by wholesading portfolio assonds, US agency s
34
£bn Liabi
33 Repu 52
41 Tradi
340 Deriv
105 Less 115 Great
purchase agreeese repurchas
are matched bed against highilities
. A substantialns are largely
holesale debt wesale debt and
sale funds. sets, financial asseecurities and US a
lities
urchase agreeme
ing Portfolio Lia
vative Financial I
than 1 year whoter than 1 year w
ements with 5se agreements
by repurchasehly liquid asse
proportion ofoffset once ne
with the remad equity
ts designated at faagency mortgage-b
ents
bilities
nstruments
olesale debt wholesale debt a
57% (2014: 54s secured again
e agreements.ets3. The rema
f balance sheetetted against c
inder being fu
air value and loansbacked securities.
and equity
4%) secured anst less liquid
As at 30 Juninder of rever
t derivative pocash collatera
unded by custo
s and advances to
£bn
85
41
342
68 150
against highlyassets was 77
ne 2015, 55%se repurchase
ositions qualifyl received and
omer deposits
banks.
y 7
% e
y d
s
Funding R
Barclays PLC
Compositio
In preparatiounsecured fusenior unsecu
Maturity pro
Barclays PLC
Senior unsecurSubordinated lBarclays Bank Deposits from BCertificates of DAsset Backed CoSenior unsecureSenior unsecureCovered bonds/Subordinated liaOther3
Total as at 30.0Of which securOf which unsecTotal as at 31.1Of which securOf which unsec
Outstanding notes are issrequirement,
The average m
Term financ
The Group issin the remain
The Group exfunding base
1 The compos
and Subordiof England’s
2 Includes stru3 Primarily com4 Includes £1b
Risk - Liqui
C – 2015 Interim
n of wholesa
n for a Singleunding out of Bured debt out
ofile
red (Public Benciabilities
PLC
Banks
Deposit and Commommercial Papered (Public benchmed (Privately place/ABS
abilities
06.15
ed
cured
2.14
ed
cured
wholesale funsued through the liquidity p
maturity of wh
cing
sued £6bn of tnder of 2015 an
xpects to issue by type, curre
sition of wholesaleinated Liabilities, es Funding for Lendiuctured notes of £3mprised of fair valubn of bilateral secu
idity
m Results
ale funding1
e Point of EntrBarclays PLC, tof Barclays PL
chmark)
mercial Paper
r
mark)
ed)2
nding includesa variety of d
pool exceeded
holesale fundin
term funding nnd £13bn in 20
e more public ency and distri
e funds comprises excluding cash colling Scheme. 33bn, £9bn of whiue deposits £5bn a
ured funding in 20
ry resolution mthe holding co
LC over time.
Not more than one
month
Oo
mobut
mth
thmon
£bn £
-
-
11.4
1.1
3.2 -
1.8 -
-
2.9
20.4 14.7
15.7 116.8 2
5.3
11.5 1
s £39bn (2014distribution chwholesale fun
ng net of the li
net of early red0164.
wholesale debbution channe
the balance sheetlateral and settlem
ich matures withinand secured financ15 and £1bn in 20
35
model, the Grompany. The G
Over one
onth not
more han
hree nths
Over three
months but not
more than six months
Omb
m£bn £bn
- - - -
6.3 1.2 6.2 6.3 1.9 0.6 1.0 - 1.7 2.0 1.1 0.2
- - 0.9 1.1 9.1 11.4 3.8 1.5 5.3 9.9 3.2 14.4 7.8 1.7 5.4 12.7
4: £45bn) of phannels includnding maturing
iquidity pool w
demptions du
bt in the remael.
t reported Depositment balances. It al
n one year. cing of physical go
016.
roup has startGroup expects
Over six months but not
more than nine
months
Overnine
monthsbut not
morethanone
year£bn £bn
- - - -
0.7 0.5 4.2 2.3
- - 1.3 - 2.1 2.7 0.9 1.1
- - 1.0 0.2
10.2 6.8 1.4 1.3 8.8 5.5
13.5 7.5 1.9 0.3
11.6 7.2
privately placeding intermedig in less than o
was at least 120
ring H115. Bar
inder of 2015,
ts from Banks, Finlso does not includ
old £4bn.
ted to issue des to refinance
r e s t e n e r
Sub-total less
than one
year
Oo
year
mtht
yen £bn £
- -
20.1 20.1 5.7 2.3 10.3 3.3 - 6.1 67.9 1 12.7 55.2 1 75.4 1 17.0 58.4 1
d senior unsearies and priv
one year by £7
0 months (201
rclays has £9b
, in order to m
ancial liabilities atde collateral swaps
ebt capital anmost debt cap
Over one but not
more han two ears
Over two
years but not
more than five
years £bn £bn
- 2.5 - 0.8
0.5 - 0.8 1.8
- - 4.8 5.4 6.9 11.4 4.1 6.2
- 3.0 1.7 1.1 8.8 32.2 4.4 6.3 4.4 25.9 4.0 36.6 2.7 7.6 1.3 29.0
cured notes invate banks. Al77bn (2014: £7
14: 105 month
bn of term fund
maintain a stab
t Fair Value, Debt s, including particip
d term seniorpital and term
Over five
years Total£bn £bn
2.0 4.5 - 0.8
0.4 21.0 0.7 23.4
- 5.7 3.6 16.1
10.5 39.1 4.0 17.6
15.3 18.3 1.6 10.5
38.1 157.0 4.1 27.5
34.0 129.5 45.4 171.4
6.0 33.3 39.4 138.1
n issue. Theselthough not a74bn).
hs).
ding maturing
ble and diverse
Securities in Issueipation in the Bank
r m
l n
e a
g
e
e k
Funding R
Barclays PLC
Credit rating Barclays Bank Long Term (OuShort Term Standalone rat
Barclays PLC
Long Term (OuShort Term
During Q215support and/Bank PLC bypartially offseshort-term sesupport notcratings at A/ratings is now
Barclays Af
Liquidity r
In additioanticipate
The BAGL
As at 30 than one
1 Refers to Sta
Risk - Liqui
C – 2015 Interim
g
PLC
utlook)
ing1
utlook)
5 all three cre/or methodoloy one notch fret by a one noenior unsecurehes with no m
/F1. Barclays’ w stable.
frica Group L
risk is manage
on to the Groued stressed out
L loan to depos
June 2015, BAyear (2014: £5
andard & Poor’s St
idity
m Results
dit rating ageogy updates. Srom A/A-1 tootch uplift to red debt rating
methodology dstandalone cr
Limited
ed separately a
up liquidity potflows. The liq
sit ratio was 1
AGL had £10b5bn)
tand-Alone Credit P
encies took indS&P downgra
o A-/A-2. Thisreflect “Additis of Barclays Priven uplift. Fitredit ratings h
at BAGL due to
ool, BAGL helduidity pool co
00% (2014: 10
bn of wholesal
Profile (SACP), Mo
36
dustry-wide raded the long-s was driven onal Loss AbsPLC from A3/tch affirmed b
have not been
o local currenc
d £7bn (2014nsists of South
02%)
e funding out
oody’s Baseline Cre
Standard &
A- (S
Standard &
BBB (
ating actions - and short-teby the remov
sorbing CapacP-2 to Baa3/P
both Barclays a impacted by
y, funding and
4: £7bn) of liqh African gove
tstanding (201
edit Assessment (B
& Poor's
Stable) AA-2
bbb+
& Poor's
Stable) BaA-2
driven by theerm senior unval of two notcity”. Moody’s P-3 due to theand Barclays B these actions
d regulatory re
quidity pool asernment bonds
14: £9bn), of w
BCA) and Fitch’s V
Moody's
A2 (Stable) P-1
baa2
Moody's
a3 (Stable) P-3
eir assessmentsecured ratingtches of sover downgraded removal of th
Bank PLC's sens. The outlook
equirements
ssets against s and Treasury
which £5bn m
Viability Rating (VR
Fitch
A (Stable) F1
a
Fitch
A (Stable) F1
t of sovereigngs of Barclaysreign support,the long- and
hree sovereignnior unsecuredk on all credit
BAGL-specificy bills
matures in less
R).
n s ,
d n d t
c
s
Funding R
Barclays PLC
CRD IV capi
The Capital Rknown as CRrulebook, inccertain aspecby the Europecurrent rules.
Capital ratio
Fully loaded CoPRA TransitionPRA TransitionPRA Transition
Capital resoTotal equity (eLess: Other equAdjustment to Minority intere Other regulatoAdditional valuGoodwill and inDeferred tax asFair value reserExcess of expecGains or lossesDirect and indiOther regulatoFully loaded CRegulatory adjuPRA Transition Additional TierCapital instrumQualifying AT1Other regulatoTransitional AdPRA Transition Tier 2 (T2) capCapital instrumQualifying T2 cOther regulatoPRA Transition Risk weighted 1 The transitio
being equal 2 The CRD IV
of transition3 The PRA tran4 As at 30 Jun
was £60,913the transitio
Risk - Capit
C – 2015 Interim
ital
Requirements RD IV) on 1 Jacluding the imcts of CRD IV aean Commissi.
os
ommon Equity Tnal Common Equnal Tier 13,4 nal Total Capital3
ources excluding non-cuity instruments retained earning
sts (amount allo
ry adjustments aue adjustments (ntangible assetsssets that rely onrves related to gcted losses over
s on liabilities at rect holdings byry adjustments ET1 capital ustments relatinnal CET1 capital
r 1 (AT1) capitaments and related
capital (includiry adjustments additional Tier 1 nal Tier 1 capita
pital ments and relatedcapital (includingry adjustments a
nal total regulat
assets
onal regulatory ad to that on a transiCET1 ratio (FSA Oal CRD IV CET1 cansitional capital is
ne 2015, Barclays’ 3m and the fully lonal provisions set
tal
m Results
Regulation ananuary 2014.
mplementation are dependent ion and the PR
Tier 1 uity Tier 11,2
3,4
controlling inters (recognised asgs for foreseeab
owed in consolid
and deductions:(PVA)
s n future profitabains or losses on
r impairment fair value result
y an institution o
ng to unrealised l
al d share premiumng minority inteand deductions capital
al
d share premiumg minority intereand deductions tory capital
djustment for unreitional basis.
October 2012 transapital and £376.7b based on guidanc fully loaded Tier
oaded total capital out in CRD IV and
nd Capital Req The rules ar of transitiona on final technRA. All capital,
rests) per the ba AT1 capital)
ble dividends
dated CET1)
:
bility excluding tn cash flow hed
ing from own crof own CET1 inst
gains1
m accounts erests) issued by
m accounts ests) issued by s
ealised gains is no
sitional statement)n of RWAs.
ce provided in polic1 capital was £46l ratio was 16.2%. assessing complia
37
quirements Dirre supplemental rules. Howenical standards RWA and leve
alance sheet
emporary differges
redit truments
y subsidiaries
subsidiaries
longer applicable
) as applicable to B
cy statement PS 7/6,468m, and the fu The fully loaded Tance of AT1 and T
rective implemted by Regulaever, rules ands and clarificaterage calculat
ences
e from 1 January 2
Barclays’ Tier 2 Co
/13 on strengthenully loaded Tier 1 rTier 1 capital and tT2 instruments aga
mented Basel 3atory Technicad guidance aretions to be issutions reflect Ba
As at
30.06.15 11.1%
11.1%
14.0%
17.4%
£m
59,281 (4,325)
(731)
1,200
(1,506)
(8,145)
(1,132)
(1,185)
(1,536)
127
(57)
1
41,992 -
41,992
4,325
6,666
(130)
10,861
52,853
792
12,268
(254)
65,659
376,683
2015 resulting in C
ontingent Capital N
ning capital standaratio was 12.3%. Ftotal capital measuainst the relevant c
3 within the Eal Standards ae still subject ued by the EBAarclays’ interpr
As at
31.03.15 10.6% 10.6% 13.3% 16.8%
£m 60,693 (4,323)
(981)
1,249
(1,984) (8,255) (1,180) (2,029) (1,727)
497 (56) (72)
41,833 -
41,833
4,323 6,815 (130)
11,008 52,841
840 13,126
(254) 66,553
395,899
CET 1 capital on a
Notes was 12.7%
ards published in DFully loaded total ures are calculatedcriteria in CRD IV.
U (collectivelyand the PRA’s to change asA and adoptedretation of the
As at
31.12.14 10.3% 10.2% 13.0% 16.5%
£m 59,567 (4,322)
(615)
1,227
(2,199) (8,127) (1,080) (1,814) (1,772)
658 (25) (45)
41,453 (583)
40,870
4,322 6,870
- 11,192 52,062
800 13,529
(48) 66,343
401,900
fully loaded basis
based on £47.9bn
December 2013. regulatory capitald without applying
y s s d e
s
n
l g
Funding R
Barclays PLC
Movemen
Opening CET1 Profit for the peMovement in oMovement in dRetained regul Movement in rMovement in aMovement in cMovement in rOther reserves Movement in o Minority intereAdditional valuGoodwill and inDeferred tax asExcess of expecDirect and indiOther regulatoMovement in r Closing CET1 c
Fully loadcapital of
Capital gedividends
– £0.6bGBP s
– £0.8bPVA d
Transitionfixed ratedecreases
Risk - Capit
C – 2015 Interim
nt in Comm
capital
eriod
own credit dividends latory capital ge
eserves - net imavailable for salecurrency translatetirement benef movements other qualifying
sts
ue adjustments (ntangible assetsssets that rely oncted loss over imrect holdings byry adjustments regulatory adjus
capital
ded CRD IV CE £0.5bn to £42
enerated froms paid and fore
n decrease in trengthened a
n increase duededuction, whi
nal total capitae subordinateds were as a res
tal
m Results
mon Equity
enerated from e
mpact of share sce reserves tion reserves fits
g reserves
(PVA) s n future profitabmpairment y an institution o
stments and de
ET1 ratio incre2.0bn and decr
m earnings inceseen. Other m
other qualifyinagainst EUR, US
e to lower regch includes a t
al decreased bd notes and £sult of higher c
y Tier 1 (CE
earnings
chemes
bility excluding t
of own CET1 inst
ductions
eased in H115rease in RWAs
creased CET1 material movem
ng reserves laSD and ZAR
ulatory adjusttax credit of £
by £0.7bn to £265m fixed rcapital deducti
38
ET1) capita
hose arising fro
truments
5 to 11.1% (Ds of £25.2bn to
capital by £0ments in CET1
rgely due to a
tments and de0.4bn applied
£65.7bn largerate guaranteeons for holdin
al
m temporary dif
December 201o £377bn
0.3bn after ab capital were:
£0.5bn decre
eductions large in Q2 and £0.
ely due to caped perpetual gs in own pap
T
fferences
4; 10.3%) ref
sorbing adjus
ease in the cur
ely as a result 3bn reduction
pital redemptiosubordinated
per and ineligib
Three months
ended 30.06.15
£m 41,833
1,225
(370)
(559)
296
293
(240)
(1,276)
220
16
(987)
(49)
478
110
48 191
(1)
73
850
41,992
lecting an inc
ting items, ow
rrency translat
of a £0.7bn dns across Non-
ons in the pernotes (T2 ca
ble minority int
Six months ended
30.06.15 £m
41,453
1,770 (531) (989) 250
313 (295) (463)
(94) (18)
(557)
(27) 693 (18) (52) 236 (32)
46 846
41,992
rease in CET1
wn credit and
tion reserve as
ecrease in theCore
iod of $225mpital). Furtherterest
d
s
e
m r
Funding R
Barclays PLC
Risk weight
As at 30.06.15Personal and CBanking Barclaycard Africa Banking Investment BanHead Office Total Core Barclays Non-CTotal RWAs
As at 31.12.14Personal and CBanking
Barclaycard Africa Banking Investment BanHead Office Total Core Barclays Non-CTotal RWAs
Movemen
Risk weighted As at 1 JanuaryBook size Acquisitions anBook quality Model updatesMethodology aForeign exchanOther As at 30 June 2
RWAs decrea
Book size by increas
Acquisitiothe Spani
Book quaand Non-
Model upgeneral aCore
Methodolfor securit
Foreign ex
1 RWAs in rela2 RWAs in rela3 Foreign exch
Risk - Capit
C – 2015 Interim
ted assets by
5
Corporate
nk
Core
4
Corporate
nk
Core
nt analysis
assets y 2015
nd disposals
s and policy nge movement3
2015
ased £25.2bn t
decreased RWsed PCB loans
ons and dispossh business
ality improved,Core
pdates decreasnd specific ma
logy and policties financing
xchange move
ation to default funation to CVA (£13.hange movements
tal
m Results
y risk type an
CreStd
£m
31,687 7
16,149 18,003 24,501 3
487
60,827 157,300 1
68,127 16
32,657 7
15,910 19,015 25,773 3
506
63,861 1510,679 174,540 16
of risk we
to £376.7bn:
WAs by £7.5bn and advances
sals decreased
, resulting in a
sed RWAs by arket risk, as w
cy changes inctransactions w
ements decrea
nd contributions ar3bn) are included
s do not include mo
nd business
edit risk IRB
£m
71,481
18,624 20,749 36,117 1
3,071 50,042 113,761 63,803 1
70,080
18,492 21,794 36,829 1
2,912 50,107 1419,416 69,523 1
ighted ass
n, due to risk res to customers
d RWAs by £9
a RWA reduct
£5.3bn, followwell as a recal
creased RWAswithin the Inve
ased RWAs by
re included in cound in market risk. ovements for coun
39
Counterpacredit
Std
£m
268 8
- 18 4
5,263 11,4102
5,651 12,72,532 13,28,183 26,0
238 1,0
- 10 5
3,739 11,7234
4,221 13,43,023 18,47,244 31,8
sets
Credit risk C
£bn
244.0
3.0 (9.6)
(1.7)
(1.7)
1.9 (4.1)
0.1
231.9
eductions in ths
.9bn, primarily
ion of £1.7bn
wing the impleibration of a c
by £3.2bn, duestment Bank
£4.1bn, as GB
nterparty credit ris
nterparty credit risk
arty
risk
IRB S
£m £
859 10
-
416 30412 12,65
87
774 13,07267 1,2041 14,29
049
-
562 94781 18,1
62
454 19,16406 2,23860 21,39
Counterparty credit risk1
£bn 49.1 (6.1)
- (0.7) (1.3)
3.2 - -
44.2
he Investment
y driven by dis
, primarily driv
ementation ofcredit risk mod
ue to the capt
BP appreciated
sk.
k or market risk.
Market riskStd IMA
£m £m
08 -
- - 06 1,266 56 15,718
1 1,695 71 18,679 26 10,893 97 29,572
26 -
- - 48 588 79 16,480
7 521 60 17,589 36 13,088 96 30,677
Market risk2
£bn
52.1 (4.4)
(0.3)
0.7 (2.3)
(1.9)
- -
43.9
t Bank and Non
sposals in Non
ven by change
f diversificatiodel within the
ture of an exte
d against ZAR,
Operationalk riskA
m £m
16,176
5,505 5,604 19,621 2,104 49,010 7,650 56,660
16,176
5,505 5,604 19,621 1,326 48,232 8,428 56,660
Operational risk
£bn
56.7 - - - - - - -
56.7
n-Core trading
n-Core, includi
es in risk prof
n benefits acr Investment B
ended margin
USD and EUR
Total k RWAs
£m
120,579
40,278 36,362 115,288 7,547 320,054 56,629 376,683
120,226
39,907
38,521
122,402
5,568
326,624 75,276
401,900
Total £bn
401.9 (7.5) (9.9) (1.7) (5.3)
3.2 (4.1)
0.1 376.7
g books, offset
ing the sale of
file within PCB
ross advancedank and Non-
period of risk
t
f
B
d -
k
Funding R
Barclays PLC
Leverage In January 20The EuropeanJanuary 2015CRR definitio
Barclays doesand a leverag
At 30 June 20by the Financbuffer.
Leverage
Leverage expo
Accounting asDerivative finanCash collateral Reverse repurcLoans and advaTotal IFRS asse
Regulatory con
Derivatives adjDerivatives netAdjustments toNet written crePotential FuturTotal derivativ
Securities fina
Regulatory dedWeighted off-b
Total fully load
Fully loaded CEFully loaded ATFully loaded Ti
Fully loaded le
During H115
SFTs decrdriven by
Total deriin IFRS de
– The Poptim
– Other increa
– Net wimpro
Loans andassets
1 In July 2015 statement, fi
2 Total derivat
Risk - Capit
C – 2015 Interim
ratio requ014, the Basel n Commission
5. The leveragen of leverage e
s not believe tge exposure ca
015 Barclays lecial Policy Com
exposure
osure
ssets
ncial instrument
chase agreementances and otherets
nsolidation adju
justments
tting
o cash collateraledit protection
re Exposure (PFEves adjustments
ncing transactio
ductions and otbalance sheet c
ded leverage ex
ET1 capital T1 capital
ier 1 capital
everage ratio
leverage expo
reased by £40b reductions in
vative exposuerivatives and c
PFE on derivatiisation includi
derivatives exases in major fo
written credit proved portfolio n
d advances an
the PRA set out a finalised rules and tive exposures incl
tal
m Results
irements Committee fin
n has implemee calculation bexposure as ad
that there is a alculated in acc
everage ratio wmmittee (FPC)
and ratio
ts
ts
r assets
ustments
E) on derivatives
ons (SFTs) adju
ther adjustmentommitments
xposure
osure decrease
bn, primarily d matched book
res2 decreasedcash collateral
ves decreaseding trade comp
xposures decreorward rate cu
rotection decrnetting
d other assets
consultation on ho supervisory statemlude IFRS derivativ
nalised its revnted the amen
below uses thedopted by a Eu
material diffecordance with
was 4.1%, whi1 of 3.7%, com
s
ustments
ts
ed £94bn to £1
due to a reductk trading as a
d £45bn primal.
d £19bn to £1pressions and
eased £19bn tourves and cont
eased £7bn to
s decreased by
ow it proposes to iments by the end ove financial instrum
40
ised standardsndments into te end-point CRuropean Union
rence between the delegated
ich exceeds thmprising the 3
1,139bn:
tion in IFRS revresult of balan
arily due to a £
60bn, mainly tear-ups
o £46bn, drivetinued legacy p
o £20bn prima
y £10bn to £70
implement the FPCof 2015. ments, cash collate
s (BCBS 270) the CRR via a dRR definition on delegated act
n the BCBS 27d act.
he expected m% minimum r
verse repurchance sheet delev
£19bn reductio
as a result of
en by a net decportfolio run d
arily due to a re
03bn primarily
C recommendation
eral and total deriv
for calculatingdelegated act f Tier 1 capitat.
70 leverage ex
inimum fully lorequirement, a
As at
30.06.15
£bn
341 60 93
703
1,197
(5)
(308)
(47)
20 160
(175)
24
(14)
112
1,139
42.0 4.5
46.5
4.1%
ase agreementveraging
on in the PFE a
continued leg
crease in IFRS down
eduction in bu
y driven by a re
ns in the UK. The P
vatives adjustment
g the Basel 3 lwhich came in
al for the nume
xposure previo
oaded requireand the fully ph
As at 31.03.15
£bn
480 80
124 732
1,416
(8)
(436) (63)
25 176
(298)
46
(15) 114
1,255
41.8 4.5
46.3
3.7%
ts of £39bn to
and a £19bn n
acy portfolio r
derivatives, pr
siness activity
eduction in trad
PRA is expected to
ts.
leverage ratio.nto force fromerator and the
usly disclosed
ment outlinedhased-in G-SII
As at 31.12.14
£bn
440 73
132 713
1,358
(8)
(395) (53)
27 179
(242)
25
(15) 115
1,233
41.5 4.6
46.0
3.7%
£93bn,
net reduction
run down and
rimarily due to
and
ding portfolio
publish a policy
. m e
d
d I
d
Credit Ris
Barclays PLC
Analysis o Loans and a
As at 30.06.15
Banks Other financialHome loans Cards, unsecurConstruction aOther
Net loans and
Impairment allo
Gross loans an Loans and adv As at 31.12.14
Banks Other financialHome loans Cards, unsecurConstruction aOther
Net loans and Impairment allo
Gross loans an Loans and adv
sk
C – 2015 Interim
of loans an
advances at a
5
institutions
red loans and otnd property
advances to cu
owance
nd advances to c
vances at FV
4
institutions
red loans and otnd property
advances to cuowance
nd advances to c
vances at FV
m Results
nd advance
amortised co
her personal len
stomers and ba
customers and
her personal len
stomers and ba
customers and
es to custo
ost net of im
UKin
213
nding 214
anks 25
banks 25
1
213
nding 213
anks 24
banks 25
1
41
omers and
pairment all
United ngdom Eu
£m
7,092 1224,091 2033,491 1727,863 4
8,207 141,403 13
52,147 69
2,484 1
54,631 70
6,472
6,900 1223,685 2232,775 1928,061 5
7,837 139,757 11
9,015 722,653 1
1,668 74
7,627 1
banks
owances, by
urope Ameri£m
2,377 14,50,546 52,37,476 64,691 15,6
,035 1,63,266 11,2
9,391 96,0
,091 5
0,482 96,6
405 6
2,611 12,92,114 49,19,713 75,226 15,6
,175 1,6,972 9,6
,811 89,7,219 4
,030 90,2
,041 8
y industry sec
icas Africa an
Middle Ea£m £
510 2,61379 2,87695 12,45628 8,56612 1,90228 12,05
052 40,46
581 95
633 41,41
666 1,00
917 2,49160 4,12769 13,35666 8,60655 1,88621 12,02
788 42,49499 1,00
287 43,49
894 63
ctor and geo
nd ast Asia£m £m
7 4,37473 5,91050 22961 1,41309 32652 4,963
62 17,215
57 80
9 17,295
02 1
99 5,33823 4,30656 36105 1,35688 28720 4,125
91 15,77301 83
92 15,856
35 1
ography
a Total m £m
4 40,970 0 105,799 9 164,341 3 58,156 6 23,089 3 82,912
5 475,267
0 5,193
5 480,460
18,546
8 40,265 6 103,388
166,974 6 58,914 7 22,842 5 77,495
3 469,878 3 5,455
6 475,333
20,198
Credit Ris
Barclays PLC
Analysis of
As at 30.06.15
Personal & CorAfrica Banking
Barclaycard
Barclays Core
Barclays Non-CTotal Group Re
Investment BanPersonal & CorAfrica Banking
Head Office anBarclays Core
Barclays Non-CTotal Group W
Group Total
Traded Loans
Loans and advafair value
Loans and advvalue
Total loans and
As at 31.12.14Personal & CorAfrica Banking
Barclaycard
Barclays Core
Barclays Non-CTotal Group Re
Investment BanPersonal & CorAfrica Banking
Head Office anBarclays Core
Barclays Non-CTotal Group W
Group Total
Traded Loans
Loans and advafair value
Loans and advvalue
Total loans and
Loans and£469.9bn– Invest
balanc– Non-C
of ass
1 Excludes imcharge, whe
2 UK Businessreflect this, w
sk
C – 2015 Interim
retail and w
5
rporate Banking
Core
etail
nk
rporate Banking
d Other Operati
Core
Wholesale
ances designate
vances held at fa
d advances
4
rporate Banking2
Core
etail
nk
rporate Banking2
d Other Operati
Core
Wholesale
ances designate
vances held at fa
d advances
d advances to n) tment Bank incces driven prinCore decreasedets in Europe
pairment chargesereas December 20s Banking has beewith net loans and
m Results
holesale loan
G
1372038
196
17214
123 86
16ions 3
229
37266
480
2ed at 18
air 20
501
2 1362138
196
20216
1062 88
16ions 3
214
44258
475
2ed at 20
air 22
498
customers an
creased by £16ncipally by highd by £10.0bn t
s on available for 014 impairment chn reclassified from
d advances of £8.4b
ns and advan
Gross
L&A Impai
allow£m
7,311 0,414
8,689
6,414 3
7,625
4,039 3
3,094 6,395
6,548
3,169
9,206
7,215
6,421 1
0,460 5
2,048
8,546
0,594
1,054 5
6,544 1,334
8,376
6,254 3
0,259
6,513 3
6,377 8,192
6,312
3,240
4,121
4,699
8,820 1
5,333 5
2,693
0,198
2,891
8,224 5
d banks at am
6.7bn to £123her trading voto £53.9bn du
sale investments harges represent 1m Retail to Wholesbn, credit risk loan
42
nces and imp
rment wance
L&Aimpai
£m 730 13649 1
1,759 33,138 19
420 13,558 21
31 12835 8243 1
- 1,109 22
526 31,635 26
5,193 47
n/a n/a 1
n/a 2
5,193 49
766 13681 2
1,815 33,262 19
428 13,690 21
44 10873 8246 1
- 1,163 21
602 41,765 25
5,455 46
n/a n/a 2
n/a 2
5,455 49
mortised cost n
.1bn reflectinglumes e to a net redu
and reverse repu2 months charge.
sale in line with hns of £482m and im
pairment
net of irment risk
£m 36,581
9,765 36,930 93,276
7,205 0,481
23,063 85,560
6,305 3,169
28,097
36,689 64,786
75,267
2,048 8,546
20,594
95,861
35,778 20,653 36,561 92,992
9,831 2,823
06,333 87,319
6,066 3,240 2,958
44,097 57,055
69,878
2,693 20,198
22,891
92,769
et of impairme
g a net increas
uction in cash
urchase agreemen ow the business i
mpairment charge
Credit k loans
CRLs %gross
£m 1,486 1,029 1,735 4,250
1,077 5,327
56 1,846
642 4
2,548
754 3,302
8,629
1,582 1,093 1,765 4,440
1,209 5,649
71 2,112
665 -
2,848
841 3,689
9,338
ent increased t
e in cash colla
collateral and
nts. H115 impairm
is now managed. 2es of £48m being re
% of L&A
Loimpairme
charge% £
1.1 125.0 154.5 562.2 84
6.1 52.5 89
- (2.1 53.9 30.1
1.1 8
2.0 (21.2 6
1.8 95
1.2 215.1 294.6 1,182.3 1,69
6.0 152.6 1,84
0.1 (12.4 264.1 5
-
1.3 30
1.9 51.4 36
2.0 2,20
to £475.3bn (2
ateral and settl
settlements a
ment charges repr
2014 figures haveeclassified to Who
oan ent es1
Loan loss rates
£m bps
25 18 54 152
63 293
42 86
51 58
93 84
(6) (1)
54 13 39 48
1 6
88 8
24) (13)
64 5
57 40
15 16 95 138
83 308
93 86
51 75
44 85
14) (1)
67 30 54 33
- -
07 14
53 12
60 14
04 46
2014:
ement
nd the run off
resent six months
e been restated toolesale.
s
o
Credit Ris
Barclays PLC
Analysis o
Personal & CorAfrica Banking Barclaycard Barclays Core Barclays Non-CTotal Group Re Investment BanPersonal & CorAfrica Banking Head Office anBarclays Core Barclays Non-CTotal Group W Group Total
Personal & CorAfrica Banking Barclaycard Barclays Core Barclays Non-CTotal Group Re Investment BanPersonal & CorAfrica Banking Head Office anBarclays Core Barclays Non-CTotal Group W Group Total
Credit Ris£5.3bn ineconomic
1 UK Business
reflect this, w
sk
C – 2015 Interim
of potentia
rporate Banking1
Core
etail
nk
rporate Banking1
d Other Operati
Core
Wholesale
rporate Banking1
Core
etail
nk
rporate Banking1
d Other Operati
Core
Wholesale
sk Loans (CRLn retail portfoc conditions
s Banking has beewith credit risk loa
m Results
al credit ris
1
1
ions
1
1
ions
Ls) decreased olios. This is p
n reclassified fromns of £482m, PPLs
sk loans an
30
Imp
30
8% to £8.6bnprimarily drive
m Retail to Wholess of £32m and PCR
43
nd coveragCRLs
As at A0.06.15 31.1
£m
1,486 11,029 11,735 14,250 4
1,077 15,327 5
56 1,846 2
642
4
2,548 2
754
3,302 3
8,629 9
pairment allowaAs at A
0.06.15 31.1£m
730
649
1,759 13,138 3
420
3,558 3
31 835
243
-
1,109 1
526
1,635 1
5,193 5
n with a 10% en by reducti
sale in line with hRLs of £514m bein
e ratios
As at A12.14 30.0
£m ,582 ,093 ,765
4,440
,209 ,649
71 2,112
665 -
2,848
841 ,689
,338 1,
ance CRAs at A
12.14 30.0£m
766 4681 6,815 10,262 7
428 3,690 6
44 5873 4246 3
- ,163 4
602 6,765 4
,455 6
decrease to £ons in PCB a
ow the business ing reclassified to W
PPLs
As at As 06.15 31.12.1
£m £151 14170 16217 22538 53
24 2562 55
270 10498 61
66 9-
834 81
29 11863 93
,425 1,49
RL coverage As at As
06.15 31.12.1%
49.1 48.63.1 62.01.4 102.73.8 73.
39.0 35.66.8 65.
55.4 62.45.2 41.37.9 37.
- 43.5 40.
69.8 71.49.5 47.
60.2 58.
£3.3bn in whoand Non-Core
is now managed. 2Wholesale.
P
at As a14 30.06.1
£m £43 1,6361 1,1927 1,9531 4,78
26 1,1057 5,88
07 324 2,34
94 70- 5 3,38
9 7834 4,16
91 10,05
PCRL at As a14 30.06.1% %.4 44..3 54..8 90..5 65.
.4 38.
.3 60.
.0 9.
.3 35.
.0 34.-
.8 32.
.6 67.
.8 39.
.4 51.
olesale portfolie Europe due
2014 figures have
PCRLs at As at
15 31.12.14 m £m 7 1,725 9 1,254 2 1,992 8 4,971
1 1,234 9 6,205
6 178 4 2,726 8 759 4 - 2 3,663
3 960 5 4,623
4 10,828
L coverage at As at
15 31.12.14 % % 6 44.4 1 54.3 1 91.1 5 65.6
1 34.7 4 59.5
5 24.7 6 32.0 3 32.4 - - 8 31.7
2 62.7 3 38.2
7 50.4
os and 6% toto improving
e been restated to
o g
o
Credit Ris
Barclays PLC
Analysis o
Personal & CorAfrica Banking Barclaycard Barclays Core Barclays Non-CTotal Retail Investment BanPersonal & CorAfrica Banking Barclays Core Barclays Non-CTotal Wholesa Group Total
Retail bala
– PCB: UCurren
– Barclaprogra
Wholesale
forbearan
Analysis o
Secured ho
The princ86%) of t
Home loans p
As at 30.06.15 PCB - UK Africa - Sout As at 31.12.14 PCB - UK
Africa - Sout
1 UK Business
£240m and
sk
C – 2015 Interim
of forbeara
rporate Banking1
Core
nk rporate Banking1
Core le
ances on forbe
UK home loannt Account res
aycard: Reducammes, which
e balances onnce rose by 5%
of specific
me loans
cipal home loatotal home loa
principal portf
5
th Africa
4
th Africa
s Banking forbeara impairment allowa
m Results
ance progr
1
1
earance reduc
s decreased, pserve forbeara
ction primarilh reduced inflo
n forbearance % to £2.2bn ref
core portf
an portfolios lns in the Grou
folios
Grand
ance has been recances of £30m ha
rammes
BaAs at
30.06.15 £m
1,744 268 805
2,817
365 3,182
174 1,841
152 2,167
265 2,432
5,614
ed by 14% to
principally duence classificat
y due to an ows in the UK c
reduced by 1flecting small i
folios/busi
isted below pup’s retail core
ross loans advances
£m
127,551 11,046
126,668 11,513
classified from Retve been restated t
44
lances
t As at 5 31.12.14
m £m 2,011 299 972 3,282
419 3,701
106 1,830 132 2,068
651 2,719
6,420
£3.2bn primar
e to a reductiotion criteria
asset sale icards portfolio
11% to £2.4bincreases in al
inesses
primarily comp portfolios
90 day arrears,
excluding recoveries
pro
% 0.2 0.7
0.2 0.7
tail to Wholesale, to reflect this.
Impairme As at 30.06.15 £m 45 36 285 366 40 406 13 291 11 315 104 419 825
rily due to PCB
on in the propo
n Q115 and o
bn due to a rel businesses
prise first lien
Non
performing roportion of outstanding
balances %
0.6 4.2
0.6 4.8
in line with the w
ent allowance t As at 5 31.12.14
m £m 46
6 45 394 485
0 49 534
10 255 7 272
271 543 1,077
B and Barclayca
ortion of acco
updated ent
eduction in N
mortgages an
Annualised gross
charge-off rates
% 0.4 1.7
0.4 1.9
way the business i
Allowan As a 30.06.15 % 2.6 13.4 35.4 13.0 11.0 12.8
7.5 15.8 7.2 14.5 39.2 17.2
14.7
ard
unts meeting
ry criteria fo
on-Core. Core
nd account fo
Recoveries proportion of
outstanding balances
% 0.4 3.5
0.4 4.1
is now managed.
nce coverage at As at 5 31.12.14
% % 6 2.3 4 15.1 4 40.5 0 14.8
0 11.7 8 14.4
5 9.4 8 13.9 2 5.3 5 13.2
2 41.6 2 20.0
7 16.8
the Mortgage
r forbearance
e balances on
or 87% (2014:
Recoveries impairment
coverage ratio %
8.9 27.7
8.3 31.1
2014 balances of
e
e
n
:
f
Credit Ris
Barclays PLC
Home loans p
<=75%
>75% and <=80>80% and <=85>85% and <=90>90% and <=95>95% and <=10>100%
Portfolio MarkeBalance weightValuation weig
For > 100% LTBalances £m
Marked to marAverage LTV: BAverage LTV: V% Balances in R
PCB - UKconditionalso contr
Africa - Sthe recov£294m as
Home loans p
New bookings New mortgageAverage LTV oAverage LTV o
PCB - UK:segment. LTV lendi
Africa - Sto a revise
Exposures t
The Grou(2014: £5to owner-
Of the £4(2014: £7
Exposure to inInterest only baTotal ImpairmeMarked to marMarked to mar
1 Portfolio mar
index availab2 2014 new bo3 A Part and Pa
book which c(2014: £9.8bn
sk
C – 2015 Interim
principal portf
0%
5%
0%
5%
00%
ed To Market LTted %
ghted %
TV:
rket collateral £mBalance weighteValuation weightRecovery Book
K: Arrears and s. Balance weributed to a re
South Africa: Tveries book ans the recoverie
principal portf
(£m)2
es proportion abn new mortgagen new mortgage
: New lending The increase ng in the UK a
South Africa: Ted strategy wh
to interest on
p provides inte51bn) of the to-occupied cust
1bn exposure 7bn) represent
terest only ownalances (£m) ent Coverage (brket LTV: Balancrket LTV: Valuat
rked to market basele in the country as okings for South Af
art Home Loan is a pcontributes £6.4bn (n) and represents 7
m Results
folios - distrib
TV:
m d % ted %
charge-off rateighted LTV reduction in hom
The decrease ind continued es book decrea
folios - new le
ove 85% LTV (%es: balance weiges: valuation we
during H115 in mortgages
as confidence i
The proportionhich allows a g
nly home loa
erest-only mootal balance oftomers, and £
to owner-occting the interes
ner-occupied ho
ps) e weighted % ion weighted %
ed on the most upda at 30 June 2015. frica Home Loan waproduct in which pa(2014: £6.6bn) to th
7% of total UK home
bution of balan
tes remained seduced to 51.0me loans that
n non-performstrong perform
ased, and avera
ending
%)
ghted (%)
eighted (%)
reduced by 6% with LTV abon the housing
n of new homgreater proport
ans rtgages to cusf £128bn (20110bn (2014: £
upied customst-only compo
ome loans
ated valuation includ
as revised to includeart of the loan is intehe total interest-onlye loans portfolio.
45
nces by LTV1
steady, reflect0% (2014: 51have LTV >100
ming balances mance of newage house pric
%, in line with ve 85% to 8.3 market impro
me loans with Ltion of higher
stomers, mainl14: £127bn) of£9bn) to buy-to
ers, £35bn (20onent of Part a
ding recoveries bala
e new advances to eerest only and part iy balance of £41.1b
3
ting the contin.6%) as avera0% of 18% to
to 4.2% (2014w lending. Balce appreciated
PCB - UK
30.06.15
9,549
8.3 62.3 53.6
the reduction 3% (2014: 5.0%oved
LTV above 85%LTV loans to b
ly in the UK. Inf UK home loao-let custome
014: £35bn) wnd Part3 mortg
ances. Updated valu
existing customers. is amortising. Analyn (2014: £41.9bn).
PCB - UK
30.06.15 31.1%
90.7 4.0 2.2 1.5 0.9 0.3 0.4
51.0 39.1
528
439
126.2 1120.2 1
5.0
nuing low baseage house pric £528m
4: 4.8%) was dances with >1
d
30.06.14 10,162
5.0 64.4 57.2
in market act%) reflected in
% increased tobe booked for
nterest-only moans. This comprs.
was interest-ongages.
uations reflect the ap
ysis excludes the inte Total exposure on t
Africa - 12.14 30.06.1
% 90.2 76
4.2 72.3 51.4 31.0 20.4 10.5 2
51.6 5839.8 39
641 29558 2420.9 12214.8 118
4.4 34
e rate and bences increased.
due to a furthe100% LTV red
Africa - Sout30.06.15
811 39.2 75.1 66.2
tivity in the princreased appe
o 39.2% (2014lower risk cust
ortgages accoprised £41bn (
nly, with the re
As at
30.06.15 34,855
10 47.5 36.8
pplication of the lat
erest only portion ofthe part and part bo
South Africa 15 31.12.14 % % .7 74.6 .2 7.7 .7 5.9 .8 4.3 .4 2.5 .5 1.5 .7 3.5
.5 59.9
.4 40.2
94 390 47 324 .5 124.2 .8 120.3 .8 37.1
nign economic This increase
er reduction induced 25% to
th Africa 30.06.14
763 32.9 75.0 65.6
me residentialetite for higher
4: 32.9%) duetomers
ount for £51bn(2014: £42bn)
emaining £6bn
As at
31.12.14 35,328
8 48.7 37.6
est house price
f the part and part ook is £9.1bn
c e
n o
l r
e
n )
n
Credit Ris
Barclays PLC
Credit cards The princ
unsecured
Principal Portf As at 30.06.15 Barclaycard UK cards1
US cards1 Barclays Par Germany ca Iberia cards Personal & C UK personal UK overdraft Africa Bank South Africa South Africa As at 31.12.14 Barclaycard UK cards1
US cards1 Barclays Par Germany ca Iberia cards Personal & C UK personal UK overdraft Africa Bank South Africa South Africa
UK cardsforbearancoverage methodol
US cards:
UK persobenign ec
Barclays adjustmeoverall co
South Afrwell as se
1 For UK and U
excluded fromacquisition.
sk
C – 2015 Interim
s, overdraftscipal portfoliosd loans
folios
5 d
rtner Finance rds Corporate Bank loans
ts ing
a cards
a personal loans
4
d
rtner Finance rds Corporate Bank loans
ts ing
a cards
a personal loans
s: Primary drivnce plans, whi ratio was duelogies, includin
: Arrears rates
nal loans: Arreconomic condi
Partner Finannts to the imp
overage remain
rica cards: Inceasonal trends.
US cards, outstandinm the recoveries imp
m Results
s and unsecus listed below
a
king
king
ver for the incch required eae to recent imng the use of m
remained stab
ears and chargitions
ce: The increapairment allowns unchanged
creased arrears. The level of a
g recoveries balancpairment coverage r
ured loans accounted fo
Gross Loans and Advances
£m
17,378
14,299
3,734
1,300
901
5,232
839
2,278
972
17,447
14,005
3,399
1,355
968
4,953
902
2,364
993
creased chargarly acceleratio
mprovements imore granular
ble due to a str
ge-off rates fe
ase in recoverieance that wer
s in part reflecarrears was in l
ces for acquired portratio. Losses have b
46
r 94% (2014:
30 Day Arrears,
excluding recoveries
%
2.4 1.9 1.4 2.6 6.0
1.8 5.0
9.4 5.9
2.5 2.1 1.5 2.5 6.0
2.0 5.8
8.1 5.4
ge-off rate to on of accountin cash recove account segm
rategy focused
ll despite a 5%
es impairmente previously h
cted the growtline with the sa
tfolios recognised abeen recognised wh
94%) of the G
90 Day Arrears,
excluding recoveries
%
1.2 0.9 0.6 1.0 2.6
0.7 3.7
5.2 3.0
1.2 1.0 0.7 1.1 2.5
0.9 4.0
4.6 2.6
5.6% (2014: ts to charge-oeries and furt
mentation
d on high qual
% growth in gr
t coverage waseld at the port
th of bookingsame period in
at fair value (which here related to additi
Group’s total c
Annualised Gross
Charge-off Rates
%
5.6 3.9 2.3 3.8 8.0
3.0 8.0
5.4 7.8
4.3 3.7 2.4 3.8 8.2
3.4 7.1
7.6 8.1
4.3%) was doff prior to saleher refinemen
ity customers
ross loans and
s due to a recltfolio level, to t
s in 2014 in lin 2014
have no related impional spend from ac
credit cards, o
Recoveries Proportion of Outstanding
Balances %
5.3 2.1 2.5 3.0 6.2
7.9 11.4
6.6 8.0
4.9 1.8 2.7 3.4 6.3
10.0 11.0
5.9 7.8
debt sale active. The decreas
nts to modelle
and low risk p
d advances and
assification ofthe recoveries
ne with busines
airment allowance)cquired accounts in
overdrafts and
Recoveries Impairment
Coverage Ratio
%
85.4 88.2 80.6 81.9 84.2
75.1 87.4
74.8 72.5
87.6 87.1 76.8 82.8 84.9
76.3 89.9
75.7 70.8
vity on legacyse in recovery
ed impairment
partnerships
d reflected the
f management segment. The
ss strategy, as
) have been the period post
d
y y t
e
t e
s
Credit Ris
Barclays PLC
Group exp
The Groumonitor eenvironm
During H1by £17.7b
As at 30 €1.7bn (2
The followbeing the Annual Re
The net eexposure
As at 30.06.15
Spain Italy Portugal Ireland Cyprus Greece
Total As at 31.12.14
Spain Italy Portugal Ireland Cyprus Greece
Total
sk
C – 2015 Interim
posures to
p recognises tevents closely ent
115 the Groupbn to £25.6bn
June 2015, th2014: €1.9bn).
wing table sho subject of pareport
exposure prov is also presen
Soverei5 £
17 1,33
3 3 2
1,61
4
10 1,71
10 3 2
1,99
m Results
o Eurozone
the credit and while taking
p’s net on-bala primarily due
he local net fu The net fundi
ows Barclays erticular manag
ides the mostted below, alo
gn Financia
institutions£m £m
73 697 33 426 36 28 38 2,101 26 7 6 5
12 3,264
08 14,043 16 485 05 7 37 3,175 28 12 1 11
95 17,733
countries
market risk recoordinated s
ance sheet expto a £13.2bn r
unding deficit ng surplus in S
exposure to Eugement focus.
appropriate mongside off-bal
l s Corporate
m £m
1,099 972 350 1,247 44 15
3,727
1,149 1,128 531 1,453 61 15
4,337
47
esulting from teps to mitiga
posures to Spareduction in Sp
in Italy was €Spain was €3.3
urozone count The basis of p
measure of thlance sheet co
Residential mortgages
Ot
£m
15 11,895
2,641 61 17
6
14,635
12 13,530
2,995 43
6 -
16,586
the ongoing vate the risks a
in, Italy, Portugpain following
€4.8bn (2014:3bn (2014: €4
tries monitorepreparation is c
e credit risk toontingent liabil
her retail lending
bala
£m
311 832
1,105 51 31
3
2,333
248 1,114 1,207
50 16
-
2,635
volatility in thessociated with
gal, Ireland, Cy the sale of Sp
€9.9bn) and .3bn)
d internally asconsistent with
o which the Gities and comm
Net on-nce Sheet exposure
£m
2,295 15,458
4,160 3,498
125 35
25,571
15,560 17,973
4,845 4,758
123 27
43,286
e Eurozone andh the challeng
yprus and Greepanish business
the deficit in
s being higherh that describe
Group is exposmitments
Gross on-balance sheet
exposure £m
9,285 21,899
4,420 7,077
379 972
44,032
24,873 25,967
5,050 9,445
707 1,279
67,321
d continues toging economic
ece decreaseds
Portugal was
r risk and thused in the 2014
sed. The gross
Contingent liabilities and
commitments £m
1,865 2,468 1,365 2,208
22 -
7,928
2,863 3,033 1,631 2,070
26 -
9,623
o c
d
s
s 4
s
Market Ri
Barclays PLC
Analysis of
The table all trading
Limits arerisk mana
Management Vclass Six months en
Credit risk
Interest rate risSpread risk
Basis risk
Equity risk
Commodity risForeign exchanInflation risk
Diversification Total Managem
With the e
Average liquidity pare now r
This decre
Analysis of
The table belofinancial liabi
Net interest inc
Period ended 3+200bps
+100bps
-100bps
-200bps
Period ended 3+200bps
+100bps
-100bps
-200bps
In PCB, thrate chan
1 The high anConsequentl
2 Based on Ma3 Excluding in4 Excluding th
isk
C – 2015 Interim
Managemen
below shows g positions in t
e applied againagers to each b
VaR (95%) by a
ded
D
sk
k
nge risk
effect
ment VaR
exception of In
Interest Rate pool were tranreported as no
ease together
net interest
ow shows senlities held at 3
come sensitivity
31.05.152,3
31.12.143
he reduction iges
nd low DVaR figurly a diversification ay 2015 data, beinvestment banking
he banking book as
m Results
nt VaR
the total Manthe Investment
nst each risk fbusiness
asset
30.0Daily Avg H
£m
10 7 3 3 9 2 3 3
(22)
18
nterest Rate Ri
Risk Managesferred to Hean-traded mark
with a reducti
income sens
sitivity analysi1 May 2015 a
y (AEaR) by busPeC
n NII sensitivit
res reported for ea effect balance for
ng the latest availa operations. ssets of the liquidit
nagement VaRt Bank, Non-C
factor VaR as
6.15
High1 Low£m £m13 812 4
6 24 3
17 52 5 5 2-
25 13
isk, all asset cla
ment VaR dead Office Treasket risk exposu
on in exposur
sitivity
is on the pre-tand 31 Decemb
siness ersonal &
Corporate Banking
£m Ba
302
150
(392)
(442)
464
239
(426)
(430)
ty was due to
ach category did nr the high and low able.
ty pool held in Hea
48
R on a diversifieore, Africa Ban
well as total M
w1 Daily Avgm £m8 10 4 12 2 4 3 3 5 10 1 2 1 4 2 2 - (26)
3 21
ass VaRs rema
creased by 4sury banking bures to ensure
e in Non-Core
ax net interestber 2014
arclaycard £m
(28)
(15)
16 19
(59)
(27)
26 29
o increased he
not necessarily oc DVaR figures wou
ad Office.
ed basis by risnking and Hea
Management
31.12.14
g High1 m £m
13 17 5 5 15 3 23 3 ) - 36
ained stable du
2% to £7m, book. These hi consistent ma
led to a fall in
t income for th
Africa £m 20 10 (4)
(4)
26 13 (9)
(17)
dging of certa
ccur on the same uld not be meaning
k factor. Totalad Office
VaR, which ar
Low1 Da£m
9
7
3
2
6
1
1
2
-
17
uring H115
as certain pogh quality and
anagement of
total Manage
he non-trading
Non-core £m 19 10
- (1)
6 3
(1)
(1)
ain deposit pro
day as the high agful and is therefor
l Management
re then cascad
30.06.ily Avg Hig
£m £12 10
5 6
12 3 4 3
(32)
23
sitions includd liquid bankin the liquidity p
ment VaR of 1
g financial asse
Other4 £m
(87)
(62)
63 64
(97)
(58)
26 39
oducts exposu
and low DVaR repre omitted from th
t VaR includes
ded further by
14
gh1 Low1
£m £m
15 9 14 6
8 3 8 4
23 8 8 2 6 2 4 2 - -
31 18
ed within theng book assetsool
14% to £18m
ets and
Total £m
226
93 (317)
(364)
340
170
(384)
(380)
ure to interest
ported as a whole.he above table.
s
y
e s
t
.
Statemen
Barclays PLC
The Directors51 to 89 havadopted by trequired by D
An indicacondenseremaining
Material rtransactio
Signed on be
John McFarla
Executive Cha
Barclays PLC Executive DirJohn McFarlaTushar Morza
t of Direct
C – 2015 Interim
s (who are listeve been prepahe European U
Disclosure and
tion of imported consolidateg six months o
related party tons described
half of the Boa
ane
airman
Board of Direc
rectors ane (Executive aria (Group Fin
ors’ Respo
m Results
ed below) conred in accordaUnion, and tha Transparency
ant events thad interim fina
of the financial
ransactions inin the last Ann
ard by
ctors:
Chairman) nance Director
onsibilities
firm that the cance with Inteat the interim y Rules 4.2.7R a
at have occurrencial statemen year
the six monthnual Report
r)
49
condensed conernational Acc managementand 4.2.8R nam
ed during the snts, and a des
hs ended 30 Ju
Tus
Gro
NonMikTimCraReuWeDamFritSir MDiaDiaSte
nsolidated intecounting Stan report hereinmely:
six months enscription of the
une 2015 and
shar Morzaria
oup Finance Di
n-executive Dke Ashley
m Breedon awford Gillies uben Jeffery endy Lucas-Bulmbisa Moyo ts van PaasschMichael Rake
ane de Saint Viane Schuenemave Thieke
erim financial sdard 34, ‘Inte includes a fa
ded 30 June 2e principal risk
any material c
rector
Directors
ll
hen ictor an
statements setrim Financial ir review of th
015 and their ks and uncert
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he information
impact on theainties for the
e related party
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Independ
Barclays PLC
Report on th
Our conclusWe have revieBarclays PLC fbelieve that thInternational AKingdom's Fin This conclusio What we haThe condense the conde
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As disclosed instatements of Union. The condenseaccordance wDisclosure and What a reviWe conductedInterim Financthe United Kinfinancial and aA review is suIreland) and, cmight be identWe have read apparent missstatements. Responsibil
Our responThe interim rehas been apprDisclosure andOur responsibinterim resultscompany for tother purposeto whom this PricewaterhouChartered Acc28 July 2015 London, Unite
1 The maintenconsideratiosince they w
2 Legislation in
ent Audito
C – 2015 Interim
he condense
sion ewed the condefor the six monthe condensed cAccounting Stanancial Conduct
on is to be read
ave revieweded consolidated
nsed consolida
nsed consolida
nsed consolida
nsed consolida
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d notes to the c
n note 1, the finf the group is ap
ed consolidatedwith Internationa
d Transparency
ew of conded our review in cial Informationngdom. A reviewaccounting matbstantially less consequently, dtified in an aud the other inforstatements or m
ities for the
sibilities andesults announceroved by, the did Transparency
bility is to expres announcementhe purpose of e. We do not, inreport is shown
useCoopers LLPcountants
ed Kingdom
nance and integrion of these matterswere initially presen
n the United Kingd
ors’ Review
m Results
ed consolidat
ensed consolidaths ended 30 Ju
consolidated intandard 34 as adt Authority.
in the context
d d interim financ
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d interim financal Accounting Sy Rules of the U
ensed consol accordance win Performed byw of interim fintters, and apply in scope than adoes not enabledit. Accordinglyrmation containmaterial incons
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d those of theement, includinirectors. The diy Rules of the Uss to the compnt based on oucomplying with giving this conn or into whose
P
rity of the Barclays and, accordingly
nted on the websitdom governing the
w Report to
ted interim f
ated interim finune 2015. Baseterim financial sdopted by the E
of what we say
cial statements,
heet as at 30 Jun
atement for the
of Comprehen
of Cash Flows
of Changes in
solidated interi
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cial statements Standard 34, ‘In
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idated finanth Internationa
y the Independenancial informatying analytical aan audit condue us to obtain a, we do not exp
ned in the interistencies with t
consolidated
e directors1,2
ng the condensrectors are resp
United Kingdompany a conclusior review. This rh the Disclosurnclusion, accepe hands it may
ys website is the y, the auditors accete. e preparation and d
o Barclays
50
financial stat
ancial statemeed on our reviewstatements are
European Union
y in the remaind
which are prep
ne 2015;
e six months en
sive Income fo
for the period t
Equity for the p
m financial sta
that has been aal Financial Rep
included in thenterim Financia
m's Financial Co
cial statemeal Standard on Rent Auditor of ttion consists ofand other revie
ucted in accordaassurance that wpress an audit oim results annothe information
d interim fina
2 sed consolidateponsible for pre
m's Financial Coon on the condeport, includinge and Transpar
pt or assume rescome save whe
responsibility of tept no responsibil
dissemination of fi
PLC
tements
nts, defined bew, nothing has e not prepared, n and the Disclo
der of this repo
pared by Barcla
nded 30 June 20
r the period the
then ended;
period then end
tements.
pplied in the prporting Standar
e interim resultsal Reporting’, asnduct Authorit
nts involves Review Engagehe Entity’ issuef making enqui
ew procedures. ance with Interwe would becoopinion. ouncement andn in the conden
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d interim finaneparing the resunduct Authorit
densed consolidg the conclusiorency Rules of tsponsibility for ere expressly ag
the directors; the lity for any change
financial statement
low, in the intecome to our atin all material r
osure and Tran
ort.
ays PLC, compr
015;
en ended;
ded; and
reparation of thds (IFRSs) as ad
s announcemens adopted by thty.
ements (UK anded by the Auditiries, primarily o rnational Standome aware of al
d considered wsed consolidate
ments and the
cial statementsults announcemty. dated interim fion, has been prethe Financial Co any other purpgreed by our pr
work carried outes that may have o
ts may differ from
erim results annttention that carespects, in accsparency Rules
rise:
he full annual fidopted by the E
nt have been prhe European Un
d Ireland) 2410,ing Practices Boof persons resp
ards on Auditinll significant ma
hether it contaed interim finan
e review
s, is the responsment in accorda
nancial statemepared for and onduct Authoripose or to any orior consent in
t by the auditors occurred to the fin
legislation in othe
nouncement of auses us to cordance with s of the United
nancial European
repared in nion and the
, ‘Review of oard for use in
ponsible for
ng (UK and atters that
ins any ncial
sibility of, and ance with the
ents in the only for the ity and for no other person writing.
does not involvenancial statements
er jurisdictions.
f
e s
Condense
Barclays PLC
Condense Continuing op
Net interest incNet fee and comNet trading incNet investmentNet premiums Other income Total income Net claims andTotal income nCredit impairmNet operating Staff costs
Infrastructure cAdministrationOperating exp Loss on disposProfit before taTax Profit after tax Attributable toOrdinary equityOther equity hoTotal equity hoNon-controllingProfit after tax Earnings per sBasic earnings Diluted earning
1 For notes to 2 The profit af
net amount
ed Consolid
C – 2015 Interim
ed consolid
erations
come mmission incomome t income from insurance
d benefits incurrenet of insurance
ment charges andincome
costs n and general exenses
al of undertakinax
x
o:
y holders of the olders2 olders of the pag interests
x
hare from conti per ordinary shags per ordinary s
the Financial Statfter tax attributabl of £127m (H114:
dated Fina
m Results
dated inco
me
contracts
ed on insurancee claims d other provision
penses
ngs and share of
parent:
arent2
inuing operatioare2
share2
tements see pagesle to other equity h£71m), along with
ancial State
me statem
contracts
ns
f results of assoc
ns
s 56 to 89. holders of £159m
h non-controlling in
ements
51
ment (unau
ciates and joint v
(H114: £90m) is nterests (NCI) is de
udited)
ventures
offset by a tax creeducted from prof
Half
Notes1
2
3
3
4
5
6
6
edit recorded in resfit after tax in orde
year ended H
30.06.15
£m
6,201
4,004
2,660
923
351
(3)
14,136 (248)
13,888 (973)
12,915
(4,864)
(1,590)
(3,211)
(9,665)
(136)
3,114 (1,006)
2,108
1,611
159
1,770
338
2,108
9.9p
9.7p
serves of £32m (Her to calculate earn
Half year ended
30.06.14 £m
6,082 4,256 2,575
356 336
19 13,624
(240) 13,384 (1,086) 12,298
(5,730) (1,568) (2,479) (9,777)
(20) 2,501 (895)
1,606
1,126 90
1,216 390
1,606
7.0p 7.0p
H114: £19m). Thenings per share.
e
Condense
Barclays PLC
Condense
Continuing op Profit after tax Other comprehCurrency transAvailable for saCash flow hedgOther Other compreh Other comprehRetirement ben Other compreh Comprehensiv Attributable toEquity holders Non-controllingTotal compreh
1 For notes, se
ed Consolid
C – 2015 Interim
ed consolid
erations
x
hensive (loss)/ilation reserve
ale reserve ge reserve
hensive loss tha
hensive (loss)/inefit remeasurem
hensive loss for
ve income for th
o:
of the parent
g interests hensive income
ee pages 56 to 89.
dated Fina
m Results
dated state
income that ma
at may be recyc
income not recyments
r the period
he period
for the period
.
ancial State
ement of c
ay be recycled to
led to profit or
ycled to profit o
ements
52
omprehen
o profit or loss:
loss
or loss:
nsive incom
me (unaudi
Half
Notes1
15 15 15
12
ited)
year ended H
30.06.15
£m
2,108
(590)
(294)
(646)
41
(1,489)
(93)
(1,582)
526
325
201
526
Half year ended
30.06.14 £m
1,606
(1,056) 341 254 (53)
(514)
236
(278)
1,328
1,064 264
1,328
Condense
Barclays PLC
Condense Assets Cash and balanItems in the coTrading portfoFinancial assetDerivative finanAvailable for saLoans and advaLoans and advaReverse repurcPrepayments, aInvestments in Property, plantGoodwill Intangible asseCurrent and deRetirement benNon-current asTotal assets Liabilities
Deposits from Items in the coCustomer accoRepurchase agTrading portfoFinancial liabilitDerivative finanDebt securitiesSubordinated lAccruals, deferProvisions Current and deRetirement benNon-current liaTotal liabilities Equity
Called up shareOther reserves Retained earninShareholders' Other equity inTotal equity exNon-controllingTotal equity Total liabilities
1 For notes, se
ed Consolid
C – 2015 Interim
ed consolid
nces at central burse of collectiolio assets s designated at ncial instrumentale investments ances to banks ances to custom
chase agreementaccrued income associates and
t and equipment
ets eferred tax assetnefit assets ssets classified a
banks
urse of collectioounts reements and olio liabilities ties designated ncial instruments in issue iabilities rred income and
eferred tax liabilinefit liabilities abilities classifieds
e capital and sha ngs equity attributa
nstruments xcluding non-cog interests
s and equity
ee pages 56 to 89.
dated Fina
m Results
dated bala
banks on from other ba
fair value ts
mers ts and other sim and other asset joint ventures t
ts
as held for sale
on due to other b
other similar secu
at fair value ts
d other liabilities
ties
d as held for sale
are premium
able to ordinary
ontrolling intere
.
ancial State
nce sheet
anks
milar secured lents
banks
ured borrowing
e
shareholders o
ests
ements
53
(unaudited
nding
of parent
d)
Notes1
8
4
12
8
10
11
4
12
13
15
14
5
As a
30.06.1£m
33,3411,227
98,04833,335
341,31296,21044,548
430,71993,138
3,778577
3,6204,8323,3574,490
334,154
1,196,719
55,9781,539
438,27085,09241,81851,284
342,96475,52519,66411,838
3,287885
1,0911,909
1,131,144
21,5231,334
32,09954,956
4,32559,281
6,29465,575
1,196,719
at
5 3m
1
7
8
5
2 0
8
9 8
8
7
0
2
7
0
3 4
9 1,3
8
9
0 2
8
4
4 5
4
8
7
5
1
9
4 1,2
3
4
9
6
5
1
4
5
9 1,3
As at
31.12.14 £m
39,695 1,210
114,717 38,300
439,909 86,066 42,111
427,767 131,753
3,607 711
3,786 4,887 3,293 4,464
56 15,574
357,906
58,390 1,177
427,704 124,479
45,124 56,972
439,320 86,099 21,153 11,423
4,135 1,283 1,574
13,115 291,948
20,809 2,724
31,712 55,245
4,322 59,567
6,391 65,958
357,906
Condense
Barclays PLC
Condense
Half year endeBalance at 1 JaProfit after tax Currency transAvailable for saCash flow hedgRetirement benOther Total comprehIssue of new orIssue of sharesOther equity inTreasury shareDividends paidOther reserve mBalance at 30 J Half year endeBalance at 1 JuProfit/(loss) aftCurrency transAvailable for saCash flow hedgRetirement benOther Total comprehIssue of new orIssue of sharesOther equity inRedemption ofTreasury shareDividends paidOther reserve mBalance at 31 D Half year endeBalance at 1 JaProfit after tax Currency transAvailable for saCash flow hedgRetirement benOther Total comprehIssue of new orIssue of sharesIssue and exchOther equity inTreasury shareDividends paidOther reserve mBalance at 30 J
1 Details of Sh2 Details of No
ed Consolid
C – 2015 Interim
ed consolid
ed 30.06.15 anuary 2015 lation movemen
ale investments ges nefit remeasurem
hensive income rdinary shares
s under employenstruments coupes
movements June 2015
ed 31.12.14
uly 2014
fter tax lation movemen
ale investments ges nefit remeasurem
hensive income rdinary shares
s under employenstruments coupf preference shaes
movements December 2014
ed 30.06.14
anuary 2014
lation movemen
ale investments ges nefit remeasurem
hensive income rdinary shares
s under employeange of equity i
nstruments coupes
movements June 2014
hare Capital, Otheron-controlling Inte
dated Fina
m Results
dated state
nts
ments
for the year
ee share schemepons paid
nts
ments
for the period
ee share schemepons paid res
4
nts
ments
for the year
ee share schemenstruments
pons paid
r Equity Instrumenerests are shown o
ancial State
ement of cCalled up
capit
prem
2
es
2
2
es
2
1
es
2
nts and Other Resen page 59.
ements
54
hanges in p share tal and
share mium1
Other einstrum
£m 0,809 4
- - - - - - -
118 596
- - - -
1,523 4
0,655 4- - - - - - -
86 68
- - - - -
0,809 4
9,887 2- - - - - - -
64 704
- - - - -
0,655 4
erves are shown on
equity (un
equity ments1
Othreserve
£m £4,322 2,72
159
- (46- (29- (63- -
159 (1,39- -
(159)
- - 3
4,325 1,33
4,326 (15160
- 1,50- 6- 1,28- -
160 2,85- -
(160)
- - 2-
(4)
4,322 2,72
2,063 2490
- (94- 34- 26- -
90 (33- -
2,263
(90)
- (6- -
4,326 (15
n page 71.
naudited)
her es1
Retained earnings
£m £m
24 31,712 - 1,611
63) - 95) - 34) -
- (94)
- 41
92) 1,558 - - - 303
- 32 2 (706)
- (746)
- (54)
34 32,099
54) 33,241 - (1,300)
01 - 69 - 84 -
- (32)
- 10
54 (1,322)
- - - 314
- 35 - (104)
24 (91)
- (329)
- (32)
24 31,712
49 33,186 - 1,126
41) - 45 - 60 -
- 237
- (53)
36) 1,310 - - - 379
- (155)
- 19 67) (775)
- (728)
- 5
54) 33,241
Total cont
int£m
59,567 1,770 (463) (295) (634)
(94) 41
325 118 899
(127) (704) (746)
(51) 59,281
58,068 (1,140) 1,501
69 1,284
(32) 10
1,692 86
382 (125) (104)
(67) (329)
(36) 59,567
55,385 1,216 (941)
345 260 237 (53)
1,064 64
1,083 2,108
(71) (842) (728)
5 58,068
Non-trolling erests2
Totequit
£m £6,391 65,95
338 2,10(127) (590
1 (294(12) (646
1 (93- 4
201 52- 11- 89- (127- (704
(301) (1,0473 (48
6,294 65,57
6,957 65,02379 (76
41 1,543 72 1,281 (31 1
427 2,11- 8- 38- (125
(687) (79- (67
(297) (626(9) (45
6,391 65,95
8,564 63,94390 1,60
(115) (1,056(4) 34(6) 25(1) 23
- (53264 1,32
- 6- 1,08
(1,527) 58- (7- (842
(334) (1,062(10) (5
6,957 65,02
tal ty m
8 8
0)
4)
6)
3)
1
6 8
9
7)
4)
7)
8)
5
5 1)
2
2 6
1)
1
9 6 2
5)
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6)
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8
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6)
1
4
6
3)
8 4 3
1
1)
2)
2)
5)
5
Condense
Barclays PLC
Condense
Continuing op
Profit before ta
Adjustment for
Changes in ope
Corporate inco
Net cash from
Net cash from
Net cash from
Effect of excha
Net (decrease)
Cash and cash
Cash and cash
ed Consolid
C – 2015 Interim
ed consolid
erations
ax
r non-cash item
erating assets an
ome tax paid
operating activ
investing activit
financing activit
nge rates on cas
)/increase in ca
equivalents at b
h equivalents at
dated Fina
m Results
dated cash
s
nd liabilities
vities
ties
ties
sh and cash equ
ash and cash eq
beginning of the
end of the perio
ancial State
h flow state
uivalents
uivalents
e period
od
ements
55
ement (una
audited) Half year
ended
30.06.15
£m
3,114
2,998
6,976
(929)
12,159
(13,569)
(1,582)
(255)
(3,247)
78,479
75,232
Half yearended
30.06.14
£m
2,501
1,760
(3,082)
(586)
593
7,463
(2,202)
(1,380)
4,474
81,754
86,228
r d
4
m
)
)
)
)
Financial
Barclays PLC
1. Bas
These condenaccordance wFinancial Repread in conjuin accordance The accountiare the same Future acco During July 20one year to 1 For further in
Going conc
The Directorsfuture. They material unce
Statement
C – 2015 Interim
sis of prep
nsed consolidawith the Discloporting, as adonction with the with IFRSs as
ing policies an as those used
ounting deve
015 the IASB c January 2018
formation on
ern
s confirm theyconfirm that
ertainties.
t Notes
m Results
aration
ated interim finosure and Tran
pted by the Eue annual finans adopted by t
nd methods ofd in the 2014 A
elopments
confirmed the .
future accoun
y are satisfied t it is appropri
nancial statemnsparency Ruleuropean Unionncial statementthe European U
f computationAnnual Report.
deferral of the
nting changes,
that the Groupiate to adopt
56
ments for the ses of the Finann. The condensts for the yearUnion.
n used in these.
e effective date
refer to the Ba
p has adequatthe going co
ix months endcial Conduct A
sed consolidat ended 31 Dec
e condensed c
e of IFRS 15 Re
arclays 2014 A
te resources tooncern basis fo
ded 30 June 20Authority and wted interim finacember 2014,
consolidated i
evenue from C
Annual Report.
o continue in bfor preparing
015 have been with IAS 34 Inancial statemewhich have be
nterim financ
Contracts with
.
business for thaccounts and
prepared in nterim ents should be een prepared
ial statements
Customers by
he foreseeable there are no
s
y
e o
Financial
Barclays PLC
2. Sta
CompensationDeferred bonusCurrent year boSales commissPerformance cSalaries Social security Post retirementOther compensTotal compens Other resourciOutsourcing
Redundancy anTemporary stafOther Total other res Total staff cost
Total staff co
Group pe
A gain in Q115 as t
Other resof 72% to
As a result Gr
No awards haby the Remunthe first six m
Statement
C – 2015 Interim
aff costs
n costs s charge onus charges ions, commitme
costs
costs t benefits sation costs sation costs
ing costs
nd restructuringff costs
sourcing costs
ts
sts decreased
rformance cos
post retiremethe valuation o
ourcing costs o £71m due to
roup compens
ave yet been gneration Comm
months represe
t Notes
m Results
ents and other in
g
15% to £4,86
sts reduced 11
ent benefits of of a componen
decreased 10o one-off restru
sation: adjuste
granted in relamittee until thents an accrua
ncentives
64m:
% to £994m p
f £163m (H114nt of the define
0% to £1,006mucturings in H1
d net operatin
tion to the 20e performancel for estimated
57
primarily reflec
4: £327m exped retirement
m primarily du114
g income ratio
15 bonus pooe for the full yed costs in acco
cting lower de
ense) due to abenefit liability
e to a reductio
o reduced to 3
ol as decisions ear can be ass
ordance with a
ferred bonus c
a £429m (H11y was aligned t
on in redunda
32% (2014: 38
regarding incesessed. The cuaccounting req
Half year ended
30.06.15
£m 472
456
66
994 2,503
307
(163)
217
3,858
543
71 316
76
1,006
4,864
charges
14:£nil) credit to statutory pr
ancy and restru
%).
entive awardsurrent year bonquirements.
Half year ended
30.06.14 £m
573 430 111
1,114 2,510
363 327 296
4,610
532 253 263
72 1,120
5,730
recognised inrovisions
ucturing costs
are not takennus charge for
n
s
n r
Financial
Barclays PLC
3. Ad
Infrastructure Property and eDepreciation ofOperating leaseAmortisation oImpairment of Total infrastru Other costs
Consultancy, leSubscriptions, Marketing, advTravel and accoProvisions for oProvisions for UOther administTotal other cos Total administ
Administratioongoing investrategic cost
4. Tax
Current and
Current tax Deferred tax
Total The deferred
The tax chareffective tax taxed at highpartially offseitems. The UK Summenacted and a
Statement
C – 2015 Interim
ministratio
costs quipment
f property, plante rentals
of intangible asse property, equipcture costs
egal and professpublications, sta
vertising and spoommodation ongoing investigUK customer redtration and genests
tration and gene
on and generaestigations ant programmes
x
d deferred ta
tax asset of £4
rge for H115 wrate is higher
her local statutet by the effec
mer Budget intare therefore n
t Notes
m Results
on and gen
t and equipment
ets ment and intang
sional fees
ationery and comonsorship
gations and litigadress eral expenses
eral expenses
al expenses had litigation pr across infrast
ax assets and
4,031m (2014
was £1,006m than the UK story tax rates,ct of non-taxa
troduced a nunot reflected in
neral expe
t
gible assets
mmunications
ation primarily r
ave increased rimarily relatintructure costs.
d liabilities
4: £4,130m) m
(2014: £895mtatutory tax ra, non-creditabable gains and
umber of chann H115 results
58
nses
relating to Foreig
19% to £4,8ng to Foreign
ainly relates to
m), representiate of 20.25%le taxes, non-
d income, chan
ges impactings.
gn Exchange
801m primarily Exchange. T
Assets 30.06.15
£m 459
4,031
4,490
o amounts in t
ng an effectiv% (2014: 21.5%
deductible expnges in measu
g banks. These
y driven by anhis was partia
31.12.14 £m
334 4,130
4,464
the US and UK
ve tax rate of %) mainly due
penses and churement of de
e changes have
Half year ended
30.06.15
£m
714
279
228
315
54
1,590
493
409
267
113
800
1,032
97
3,211
4,801
n increase in ally offset by
Liabili
30.06.15 £m
(689) (196) (885)
.
32.3% (2014 to profits outshanges in noneferred tax ass
e not yet been
Half year ended
30.06.14 £m
727 292 288 251
10 1,568
729 378 260
97 -
900 115
2,479
4,047
provisions forsavings from
ities 31.12.14
£m
(1,021) (262)
(1,283)
: 35.8%). Theside of the UK
n-UK tax rates,sets and other
n substantively
r m
e K , r
y
Financial
Barclays PLC
5. No
Barclays Bank P- Preference sh- Upper Tier 2 iBarclays AfricaOther non-con
Total Equity attribuGBP.
6. Ear
Profit attributaTax credit on pProfit attributaconvertible optBasic weightedNumber of potDiluted weight Basic earnings Diluted earning
7. Div It is Barclays paid on 15 Juordinary shar Dividends paid
Final dividend p
Interim dividen
For qualifyingADS (represeholders on th
1 The profit af
net amount
Statement
C – 2015 Interim
n-controll
PLC Issued: hares instruments Group Limited
ntrolling interests
utable to non-c
rnings per
ble to ordinary eprofit after tax atble to equity hotions d average numbeential ordinary sted average num
per ordinary shags per ordinary s
vidends on
policy to declaune 2015. The re to sharehold
d during the per
paid during peri
nds paid during p
g US and Canaenting four shahe record at clo
fter tax attributabl of £127m (H114:
t Notes
m Results
ing interes
s
controlling inte
share
equity holders ottributable to othlders of the pare
er of shares in isshares mber of shares
are1 share1
n ordinary s
are and pay div Board has de
ders on the sha
riod
od
period
adian resident ares). The ADose of business
le to other equity £71m), along with
sts
erest decrease
f the parent fromher equity holdeent from continu
ssue
shares
vidends on a qcided to pay oare register on
ADR holders, tR depositary ws on 7 August
holders of £159mh non-controlling in
59
P
H
3
ed 2% to £6,29
m continuing opers uing operations
quarterly basis.on 14 Septembn 7 August 201
the second intwill post the se 2015.
m (H114: £90m) is nterests (NCI) is de
rofit attributablcontrolling
Half year ended
30.06.15 £m
172
1 165
-
338
94m mainly dr
perations
including dilutiv
. The first interber 2015, a se15, making a to
Half year ende
Per share
Pence
3.5p
1.0p
terim dividendecond interim
offset by a tax creeducted from prof
e to non- interests
Half year ended
30.06.14 A£m
237
1 149
3
390
riven by the de
ve impact on
rim dividend foecond interim otal for H115 o
ed 30.06.15
Total
£m
578
168
d of 1p per ord dividend on 1
edit recorded in refit after tax in orde
Equity attricontr
As at 30.06.15 £m
3,654
487 2,149
4
6,294
epreciation of Z
Half Year Ended
30.06.15 £m
1,611 32
1,643
16,678 345
17,023
9.9p 9.7p
or 2015 of 1p dividend for 2of 2p (H114: 2
Half year end
Per share
Pence
3.5p
1.0p
inary share be14 September
eserves of £32m (Her to calculate earn
butable to non-rolling interests
As at 31.12.14£m
3,654 486
2,247 4
6,391
ZAR against
Half Year Ended
30.06.14 £m
1,126 19
1,145
16,296 127
16,423
7.0p 7.0p
per share was2015 of 1p per2p).
ded 30.06.14
Total
£m
564
164
ecomes 4p perr 2015 to ADR
(H114: £19m). Thenings per share.
-s
4 m
s r
r R
e
Financial
Barclays PLC
8. Deri
As at 30.06.15
Foreign exchan
Interest rate de
Credit derivativ
Equity and stoc
Derivative asse
Derivatives in
Derivatives des
Derivatives des
Derivatives des
Derivative asse
Total recognis
As at 31.12.14
Foreign exchan
Interest rate de
Credit derivativ
Equity and stoc
Derivative asse
Derivatives in
Derivatives des
Derivatives des
Derivatives des
Derivative asse
Total recognis Derivative assand continue
Derivative asinstruments airrespective o£397bn) low£182bn) and
Statement
C – 2015 Interim
ivative fina
5
nge derivatives
erivatives
ves
ck index and com
ets/(liabilities) h
Hedge Account
signated as cash
signated as fair v
signated as hedg
ets/(liabilities) d
ed derivative as
4
nge derivatives
erivatives
ves
ck index and com
ets/(liabilities) h
hedge accounti
signated as cash
signated as fair v
signated as hedg
ets/(liabilities) d
ed derivative as
sets decreaseded legacy portf
set exposuresand financial c
of whether thewer. Netting po
£101bn (2014
t Notes
m Results
ancial instr
mmodity derivat
held for trading
ting Relationshi
h flow hedges
value hedges
ges of net invest
designated in h
ssets/(liabilities
mmodity derivat
held for trading
ing relationship
h flow hedges
value hedges
ges of net invest
designated in h
ssets/(liabilities
d by £99bn to folio run down
s would be £3collateral were stricter requirosted on the 4: £184bn) res
ruments
tives
g
ps
tments
edge accountin
s)
tives
g
ps
tments
edge accountin
s)
£341bn priman.
308bn (2014: e permitted forements of IASbalance sheet
spectively.
60
ng relationships
ng relationships
arily reflecting
£398bn) lower all amounts S 32 were mett under IFRS
2
2
s
2
2
3
s
3
an increase in
er than reportthat are cover
t. Similarly, derfor derivative
Contract notional amount
£m
3,613,760
23,653,217
1,076,180
933,049
29,276,206
135,758
154,444
4,033
294,235
29,570,441
3,758,858
26,570,719
1,183,963
1,110,802
32,624,342
102,698
162,898
2,852
268,448
32,892,790
the major inte
ted under IFRred by enforcerivative liabiliti assets and li
Fair va
Assets
£m
56,725
241,937
18,343
23,316
340,321
180
747
64
991
341,312
74,433
308,343
23,507
31,987
438,270
240
1,379
20
1,639
439,909
erest rate forw
S if the nettineable netting aies would be £iabilities was
alue
Liabilities
£m
(61,705)
(234,009)
(16,677)
(30,006)
(342,397)
(69)
(484)
(14)
(567)
(342,964)
(79,281)
(299,881)
(22,367)
(37,094)
(438,623)
(60)
(590)
(47)
(697)
(439,320)
ward curves
ng of financialarrangements,£310bn (2014:£98bn (2014:
l , : :
Financial
Barclays PLC
9. Fai
This section swhich providvaluation metvaluations. Th
Valuation
The following(fair value hie
As at 30.06.15Trading portfoFinancial assetDerivative finanAvailable for saOther1 Total assets Trading portfoFinancial liabilitDerivative finanOther1 Total liabilities As at 31.12.14Trading portfoFinancial assetDerivative finanAvailable for saOther1 Total assets Trading portfoFinancial liabilitDerivative finanOther1 Total liabilities
1 Other includ
value on a n£207m).
Statement
C – 2015 Interim
ir value of
should be reades more detailthodologies ushere have been
g table shows terarchy) and b
5 lio assets s designated at ncial assets ale assets
lio liabilities
ties designated ncial liabilities
s
4
lio assets s designated at ncial assets ale assets
lio liabilities
ties designated ncial liabilities
s
des assets and liabnon-recurring bas
t Notes
m Results
financial in
d in conjunctio about accounsed in calculatn no changes
the Group’s asalance sheet c
fair value
at fair value
fair value
at fair value
bilities held for salsis. This decreased
nstrument
on with Note 1nting policies ating fair value ain the account
ssets and liabilclassification:
le of £4,154m (20d due to the sale o
61
ts
8 Fair value ofadopted, the dand, the valuatting policies ad
lities that are h
m
14: £15,574m) anof the Spanish bu
f financial instrdefinitions of thtion control fradopted or the v
held at fair valu
Valuatio
Quoted market prices
(Level 1)
£m
39,784
7,101
7,162
46,821
-
100,868
(24,306)
(9)
(7,205)
-
(31,520)
£m
48,962
9,934
9,863
44,234
33
113,026
(26,840)
(15)
(10,313)
-
(37,168)
nd £1,909m (2014usiness in Q115. It
ruments of thehe three levels amework whicvaluation met
ue disaggregat
on technique usi
Observable inputs
un
(Level 2) £m
52,580 8,226
330,543 47,585
- 438,934
(17,497) (49,329)
(332,479) -
(399,305)
£m 59,428
8,461 425,301
40,519 198
533,907
(17,935) (55,141)
(424,687) -
(497,763)
4: £13,115m) respet also includes inv
e 2014 Annual of the fair valuch governs ovehodologies us
ted by valuatio
ing Significant
nobservable inputs
(Level 3) £m
5,684 18,008
3,607 1,804 4,310
33,413
(15) (1,946) (3,280) (1,909) (7,150)
£m 6,327
19,905 4,745 1,313
15,550 47,840
(349) (1,816) (4,320)
(13,115) (19,600)
ectively, which arevestment property
l Report, ue hierarchy, ersight of ed.
on technique
Total
£m 98,048 33,335
341,312 96,210
4,310 573,215
(41,818) (51,284)
(342,964) (1,909)
(437,975)
£m 114,717
38,300 439,909
86,066 15,781
694,773
(45,124) (56,972)
(439,320) (13,115)
(554,531)
e measured at fairy of £156m (2014:
r :
Financial
Barclays PLC
The following(fair value hie
As at 30.06.15Interest rate deForeign exchanCredit derivativEquity derivativCommodity deGovernment andebt Corporate debtCertificates of dand other monReverse repurcagreements Non-asset backAsset backed sCommercial reIssued debt Equity cash proFunds and fundPhysical commOther2 Total As at 31.12.14Interest rate deForeign exchanCredit derivativEquity derivativCommodity deGovernment andebt Corporate debtCertificates of dand other monReverse repurcagreements Non-asset backAsset backed sCommercial reIssued debt Equity cash proFunds and fundPhysical commOther2 Total
Assets and lia
There were n
1 Credit deriva2 Other includ
property.
Statement
C – 2015 Interim
g table shows terarchy) and p
5 erivatives
nge derivatives ves1 ves erivatives nd government
t deposit, comme
ney market instruchase and repurc
ked loans securities al estate loans
oducts d linked product
modities
4
erivatives
nge derivatives ves1 ves erivatives nd government
t deposit, comme
ney market instruchase and repurc
ked loans securities al estate loans
oducts d linked product
modities
abilities reclas
o transfers bet
atives also includesdes non-current as
t Notes
m Results
the Group’s asproduct type:
sponsored
ercial paper uments chase
ts
sponsored
ercial paper uments chase
ts
ssified betwee
tween Level 1
s derivative exposussets and liabilities
ssets and liabil
Valuat
Quoted
market prices (Level 1)
£m
- 52
- 4,855
2,255
61,373
215
88
- - - - -
32,025
- - 5
100,868
- 4 -
3,847
6,012
62,577
151
78
- 1
30 - -
40,252
- 4
70
113,026
en Level 1 and
and 2 during
ure to monoline in held for sale, priva
62
lities that are h
Assets
ion technique u
Observable inputs
(Level 2)
u
£m
241,954 56,635 16,600
7,931 7,422
60,197 12,689
1,101
4,571 1,964
16,246 - -
8,044 1,752
861 967
438,934
308,706 74,358 21,541
9,750 10,946
48,296 22,036
921
5,236 2,462
16,211 - -
7,823 2,644 1,447 1,530
533,907
d Level 2
the period (20
nsurers. ate equity investm
held at fair valu
using
Significant unobservable
inputs (Level 3)
£m
901 110
1,743 794
59
867 3,071
-
- 16,396
1,202 613
- 207 562
- 6,888
33,413
1,239 108
1,966 1,247
185
1,014 3,061
-
- 17,744
1,631 1,180
- 171 631
- 17,663 47,840
014: nil).
ments, asset backed
ue disaggregat
Valua
Quoted market prices
(Level 1) £m
- (45) - (4,851) (2,309)
(9,957) (22)
(5)
- - - - - (14,326) - - (5) (31,520)
(5) (3) - (3,719) (6,586)
(11,563) -
(4)
- - - - (10) (15,276) - - (2) (37,168)
d loans, US Lehma
ted by valuatio
Liabilities ation technique
Observable inputs
(Level 2) £m
(233,622) (61,570) (16,416) (13,054) (7,816)
(13,361) (3,189)
(5,182)
(4,785) - (354) - (36,715) (1,277) (1,904) (28) (32) (399,305)
(299,181) (79,188) (21,958) (13,780) (10,580)
(14,002) (3,572)
(6,276)
(5,423) - (67) - (40,592) (699) (2,060) (363) (22) (497,763)
an acquisition asse
on technique
using Significant
unobservable inputs
(Level 3) £m
(938) (106) (260)
(1,670) (306)
(12) (29)
(857)
- - - -
(726) -
(161) -
(2,085) (7,150)
(1,344) (138) (409)
(2,092) (337)
(346) (13)
(665)
- - - -
(749) -
(210) -
(13,297) (19,600)
ets and investmentt
Financial
Barclays PLC
Level 3 move
The followingand includes been reflected
Government andgovernment spondebt Corporate debt Asset backed secNon-asset backeFunds and fund lproducts Other Trading portfolio Commercial real loans
Non-asset backeAsset backed loaPrivate equity investments Other Financial assets designated at fai Asset backed secGovernment andgovernment spondebt Other Available for saleinvestments Other1
Trading portfolioliabilities
Certificates of decommercial papeother money market instruments Issued debt Other Financial liabilitiedesignated at fai Interest rate derivCredit derivativesEquity derivativesCommodity derivForeign exchangederivatives Net derivative fininstruments2 Total
1 Other consisfor sale of £
2 The derivativ£4,745m) an
Statement
C – 2015 Interim
ement analysis
g table summa amounts for ad as if they ha
As a01.01.1
£m nsored
6853,026
curities 1,610d loans 273inked
589144
o assets 6,327
estate 1,179
d loans 17,471ans 393
701161
ir value 19,905
curities 1 nsored
327985
e 1,313
207
o (349
eposit,
er and
(666(748(402
es ir value (1,816
vatives (105s 1,557s (845vatives (152e
(30nancial
425
26,012
sts of investment p1,909m (2014: £13ve financial instrumnd derivative finan
t Notes
m Results
s
arises the movall financial asd taken place
at 15 Purchases m £m
5 27 6 112 0 1,305 3 171
9 - 4 71 7 1,686
9 1,538 1 - 3 470
1 72 1 2
5 2,082
1 -
7 195 5 11
3 206
7 -
9) -
6) - 8) - 2) -
6) -
5) - 7 276 5) 138 2) -
0) -
5 414
2 4,388
property. Non-curr3,115m) are not inments are represen
ncial liabilities total
vements in thssets and liabiat the beginni
Sales Iss£m
(28) (66)
(1,274) (217)
(7) (15)
(1,607)
(1,916) -
(444)
(110) (4)
(2,474)
-
(203) (32)
(235)
(65)
-
- ( - -
- (
(4) (12) - (3 -
(1)
(17) (3
(4,398) (3
rent assets held foncluded as these anted on a net basilled £3,280m (201
63
e Level 3 balalities transferreng of the year
sues Settleme£m
- - - (5 -
- ( - - (59
- (1 - (3 -
- -
- (55
-
- -
-
-
-
(35) (1) 13
-
(36) 13
- ( -
352) 9 -
(3) 2
355) 7
391) (93
or sale of £4,154mare measured at faiis. On a gross basi4: £4,320m).
ance during thed to and from.
ents
Total gains anthe period rec
the income s
Trading income
£m £m
(2) (12) - 53 49) 60 (3) (12)
32) (50) (9) (2)
95) 37
85) (6) 64) (925) - 6
(2) 2 - (10)
51) (933)
- -
- - - -
- -
- -
- -
- - 30 22 - (7)
30 15
46) 18 (6) (321)
96 101 8 16
25 9
77 (177)
39) (1,058)
m (2014: £15,574mir value on a non-ris derivative financ
e year. The tam Level 3 duri
nd losses in cognised in statement
Total gor los
recognin O
Other income
£m
- - - -
- - -
- - -
(22) 2
(20)
-
- 499
499
14
-
(9) - 56
47
- - - -
-
-
540
m) and liabilities inrecurring basis. cial assets as at 30
able shows gaing the year. T
gains sses nised
OCI
Transfe
In £m £m
- 15 - 2 - 56 - -
- 20 - - - 93
- - - - - -
- - - -
- -
- -
3 - 17 19
20 19
- -
- (14)
- (397) - (163) - -
- (560)
- (40) - (11) - (30) - (241)
- (21)
- (343)
20 (805)
n a disposal group
0 June 2015 totalle
ins and lossesTransfers have
ers
As a30.06.15Out
£m £m
(142) 543 (91) 3,036 (24) 1,184 - 212
- 520 - 189
(257) 5,684
- 610 - 16,182 (1) 424
- 641 - 151
(1) 18,008
(1) -
- 322 (17) 1,482
(18) 1,804
- 156
348 (15
249 (85815 (74510 (343
274 (1,946
138 (39 - 1,483 18 (874
123 (246
24 3
303 327
649 24,018
p classified as held
ed £3,607m (2014:
s e
at 5
m
)
8) ) )
)
9)
4) 6)
d
:
Financial
Barclays PLC
Government andgovernment spondebt Corporate debt Asset backed secNon-asset backeFunds and fund lproducts Other Trading portfolio Commercial real loans
Non-asset backeAsset backed loaPrivate equity investments Other Financial assets designated at fai Asset backed secGovernment andgovernment spondebt Other Available for saleinvestments Other 1
Trading portfolioliabilities
Certificates of decommercial papeother money marinstruments
Issued debt Other Financial liabilitiedesignated at fai Interest rate derivCredit derivativesEquity derivativesCommodity derivForeign exchangederivatives Net derivative fininstruments 2 Total
Asset and liaactivity relateas Level 3 if a
Net transferscommercial pdriven by lesswere transfer
Net transfersgovernment sother money
1 Other consisfor sale of £
2 The derivativ£4,745m) an
Statement
C – 2015 Interim
As01.01
£ nsored
163,03
curities 2,11d loans 17inked
4944
o assets 6,42
estate 1,19
d loans 15,95ans 37
1,167
ir value 18,77
curities
nsored
52,08
e 2,14
45
o -
eposit, er and rket
(40(1,16
(6es ir value (1,64
vatives (1s 1,42s (60vatives (14e
3nancial
69
26,84
bility moves bed to an input an unobservab
s into Level 3 tpaper and oths observable inrred into Level
s out of Levesponsored deb market instru
sts of investment p1,909m (2014: £13ve financial instrumnd derivative finan
t Notes
m Results
s at.14 Purchases£m £m
61 96 39 177
1 1,037 76 250
94 - 40 8 21 1,568
98 2,919 56 2 75 855
68 173 73 75
70 4,024
1 -
59 281 85 37
45 318
51 47
- -
09) - 64) - 67) -
40) -
15) 5 20 11 01) 86 41) -
31 -
94 102
41 6,059
between Level or ii) a chang
ble input is dee
totalled £(805her money manputs for secu 3 due to a dec
el 3 totalled £bt held as tradments which a
property. Non-curr3,115m) are not inments are represen
ncial liabilities total
Sales Iss£m
(198) (332)
(1,552) (30)
(92) (369)
(2,573)
(2,678) (177) (777)
(500) (1)
(4,133)
-
(12) (78)
(90)
(238)
-
- (25 - ( - (34
- (6
45 - (12) (30 -
(12)
21 (3
(7,013) (92
2 and Level 3e in the signifmed significan
5)m (2014: £4arket instrumeurities with macrease in obse
£649m (2014ding portfolio lare designated
rent assets held foncluded as these anted on a net basilled £3,280m (201
64
ues Settlemen£m £
- (4- (37- (14- (4
- -- 5- (55
- (33- (8-
- (1- (3
- (46
- -
- - (1,69
- (1,69
- -
- -
54) 116) 2941) 1
11) 31
(5)- 405) 11(3) (1
(4) (7
17) 8
28) (2,31
are primarily ficance of the nt.
431m). This wents and £(16aturities beyonrvable pricing
: £155m). Thiabilities and £
d at fair value a
or sale of £4,154mare measured at faiis. On a gross basi4: £4,320m).
nts
Total gains andthe period reco
the income st
Trading income
£m £m
46) 5 70) 484 41) 178 49) 2
- (17)54 22 52) 674
34) 76 81) 1,830 (4) 19
11) 4 35) 9
65) 1,938
- -
(1) - 94) 1
95) 1
- -
- (3)
2 2 93 88
0 6
5 96
7 (358)42 121
3 (278)10) 4
71) (6)
81 (517)
16) 2,189
due to i) an inunobservable
was primarily d3)m of issuedd 5 years. A fu for crude oil.
his was prima£249m of certas a result of m
m (2014: £15,574mir value on a non-ris derivative financ
d losses in ognised in atement
Total gor lo
recognin
Other income
£m
- - - -
- - -
(2)9
-
82 32
121
-
- 586
586
5
-
88 - 30
118
- - - -
-
-
830
ncrease or dec input, with as
due to £(397)md debt which aurther £(241)m
arily due to £tificates of depmore observab
m) and liabilities inrecurring basis. cial assets as at 30
gains osses nised n OCI
Transfer
In£m £m
- 676 - 39 - 8 - 13
- 204 - - - 940
- - - - - 1
- - - 2
- 3
- -
- - 74 4
74 4
- -
- (346)
- (108) - (48) - (40)
- (196)
- 103 - (81) - (14) - (11)
- 29
- 26
74 431
crease in obsessets and liabil
m of certificatare designatedm of commod
£348m of govposit, commercble valuation in
n a disposal group
0 June 2015 totalle
rs
As at31.12.14Out
£m £m
(9) 685 (11) 3,026 (31) 1,610 (89) 273
- 589 (11) 144
(151) 6,327
- 1,179 (68) 17,471 (76) 393
(215) 701 6 161
(353) 19,905
- 1
- 327 (30) 985
(30) 1,313
(58) 207
- (349)
3 (666)99 (748) - (402)
102 (1,816)
113 (105)44 1,557
166 (845)9 (152)
3 (30)
335 425
(155) 26,012
ervable marketlities classified
tes of deposit,d at fair value
dity derivatives
vernment andcial paper and
nputs.
p classified as held
ed £3,607m (2014:
t 4
m
)
)))
)
) ))
)
t d
, e s
d d
d
:
Financial
Barclays PLC
Unrealised g
The followingliabilities held
Unrealised gai
Trading portfo
Financial asset
Available for sa
Trading portfo
Financial liabilit
Net derivative f
Other
Total
Valuation te
A sensitivity areasonably potechniques usalternative m
Current year vfinancial instr
1 Amounts as
Statement
C – 2015 Interim
gains and los
g table disclosd at the period
ns and losses re
lio assets
s designated at
ale assets
lio liabilities
ties designated
financial instrum
echniques an
analysis is perfossible alternased, as well asodels.
valuation and ruments in the
at 30.06.15 repres
t Notes
m Results
sses on Leve
ses the unreali end.
ecognised durin
fair value
at fair value
ments
nd sensitivity
formed on proative valuationss the availabilit
sensitivity mee 2014 Annual
sent six months un
el 3 financial
sed gains and
ng the period on
Trin
(
y analysis
oducts with sigs. The sensitivty and reliabilit
ethodologies a Report.
nrealised gains an
65
assets and l
d losses recogn
n Level 3 financ
As at 3Income
statement
rading come
Other income
£m £m
(55) -
(763) (70)
- 470
- -
16 50
(267) -
- (8)
1,069) 442
gnificant unobsity methodolo
ty of observabl
re consistent w
d losses, whereas
iabilities
nised in the ye
cial assets and li
30.06.15
Other compre- hensive income To
m £m
-
) - (8
42
-
-
- (2
) -
42 (5
servable inputogies applied tale proxy and h
with those des
as at 31.12.14 rep
ear arising on
iabilities held at
otal
In
stat
Tradingincome
£m £m
(55) 466
833) 1,849
512
- (3
66 98
267) (238
(8)
585) 2,172
s (Level 3) to gake account ofistorical data a
scribed within
present 12 months
Level 3 financ
t period end1
As at 31.12come tement
Otcomheninc
g e
Other income
m £m
6 -
9 (9)
- 572
3) -
8 118
8) -
- 5
2 686
generate a ranf the nature ofand the impac
Note 18 Fair v
s.
cial assets and
2.14
ther mpre- nsive come Total
£m £m
- 466
- 1,840
80 652
- (3)
- 216
- (238)
- 5
80 2,938
nge of f valuation ct of using
value of
d
Financial
Barclays PLC
Sensitivity ana
Product type As at 30.06.15Interest rate deForeign exchanCredit derivativEquity derivativCommodity deGovernment ansponsored debCorporate debtCertificates of dpaper and otheinstruments Non-asset backAsset backed sCommercial reIssued debt Equity cash proFunds and fundPhysical commOther2 Total As at 31.12.14Interest rate deForeign exchanCredit derivativEquity derivativCommodity deGovernment ansponsored debCorporate debtCertificates of dpaper and otheinstruments Non-asset backAsset backed sCommercial reIssued debt Equity cash proFunds and fundOther2 Total
The effect of of using alterup to £1,324m
1 Credit deriva2 Other includ
backed loan
Statement
C – 2015 Interim
alysis of valuatio
5 erivatives
nge derivatives ves1 ves erivatives nd government
bt t deposit, commeer money marke
ked loans securities al estate loans
oducts d linked product
modities
4
erivatives
nge derivatives ves1 ves erivatives nd government
bt t deposit, commeer money marke
ked loans securities al estate loans
oducts d linked product
stressing unornative modelsm (2014: £1,6
atives includes derdes non-current asns, US Lehman acq
t Notes
m Results
ons using unobs
ercial et
ts
ercial et
ts
observable inpus would be to i691m) with sub
rivative exposure tossets and liabilitiesquisition assets and
servable inputs Fair valueTotal
assets £m
901
110
1,743
794
59
867
3,071
- 16,396
1,202
613
- 207
562
- 6,888
33,413
1,239
108
1,966
1,247
185
1,014
3,061
- 17,744
1,631
1,180
- 171
631
17,663
47,840
uts to a range ncrease fair vabstantially all t
o monoline insurers held for sale, whid investment prope
66
e
Total liabilities
£m
(938) (106) (260)
(1,670) (306)
(12) (29)
(857) - - -
(726) -
(161) -
(2,085) (7,150)
(1,344) (138) (409)
(2,092) (337)
(346) (13)
(665) - - -
(749) -
(210) (13,297) (19,600)
of reasonablyalues by up to the potential e
rs. ich are measured erty.
Favourable c
Income statement
£m
91 18 32
151 24
- 12
3 1,124
24 15
- - 2 -
151 1,647
70 36 81
220 46
- 26
3 1,164
46 20
- -
14 180
1,906
y possible alter £1,647m (201ffect impactin
at fair value on a
changes
Equity £m
- - - 1 -
1 -
- - - - - 9 - -
68 79
- - - - -
- (1)
- - 1 - -
11 -
82 93
rnatives along14: £1,906m) og profit and lo
non-recurring bas
Unfavourabl
Income statement
£m
(101) (18) (76)
(151) (24)
(7) (10)
3 (748)
(16) (9)
- -
(2) -
(165) (1,324)
(71) (36)
(229) (220)
(46)
(2) (9)
3 (820)
(72) (19)
- -
(14) (156)
(1,691)
side considerior to decrease
oss rather than
sis, private equity i
le changes
Equity £m
- - -
(1) -
- -
- - - - -
(9) - -
(57) (67)
- - - - -
- (4)
- -
(1) - -
(11) -
(55) (71)
ng the impacte fair values byn equity.
investments, asset
t y
t
Financial
Barclays PLC
Significant u
The valuationas Level 3 aresignificant unassets or liabof the 2014 Aclassified as hrecurring bas
Fair value a
Key balance sbelow:
Bid-offer valuat
Other exit adju
Funding Fair Va
Derivative cred
- Monolines
- Other derivat
Derivative debi
FFVA dec
CVA decrother deri
DVA incre
Portfolio ex
The Group usfinancial asselong position exposure in a
Unrecognis
The amount tvalue at initiaused on initia(2014: nil) an
The reserve h
Third party
Structured anFederal DepoBarclays and are designatebalance sheet
Statement
C – 2015 Interim
unobservabl
n techniques ae consistent wnobservable inilities to increa
Annual Report.held for sale ofsis.
djustments
sheet valuation
tion adjustment
ustments
alue Adjustment
dit valuation adju
tive CVA
t valuation adju
reased by £20
reased by £66ivative counte
eased by £62m
xemption
ses the portfolets and financi (i.e. an asset)
an orderly tran
ed gains as a
that has yet toal recognition) al recognition, nd £12m (2014
held for unreco
credit enhan
nd brokered ceosit Insurance C other banks ped under the IAt value of thes
t Notes
m Results
le inputs
nd significant ith Note 18 Faputs and the s
ases in signific. Non-current f £1,909m (20
n adjustments
ts
ts (FFVA)
ustments (CVA)
stments (DVA)
0m to £80m as
m to £352m arparties
m to £239m as
io exemption ial liabilities. As for a particulasaction betwe
a result of th
o be recognised and the amouless amounts 4: £41m) of am
ognised gains
ncements
ertificates of deCorporation (F
pay for deposit AS 39 fair valuse brokered ce
unobservable ir value of fina
sensitivity of faant unobservaassets held for
014: £13,115m
that may be o
:
s a result of an
as a result of
s a result of a w
in IFRS 13 Fairssets and liabiar risk exposureen market par
he use of valu
d in income thunt that wouldsubsequently
mortisation an
is predominan
eposit issued bFDIC) in the Un insurance cove option includrtificates of de
67
inputs for assancial instrumeair value measuable inputs is ar sale of £4,15
m) are not inclu
of interest from
n interest rate s
reduced expos
widening in Ba
r Value Measulities are measre or to transferticipants at th
uation mode
hat relates to thd have arisen h recognised, isd releases.
ntly related to d
by Barclays Grnited States ofverage. The cades this third peposit was £3,4
sets and liabilitents in the 201urement of the
also found in N4m (2014: £1
uded as these a
m a financial st
sell-off
sures from int
arclays’ credit s
rement to measured using theer a net short phe balance she
els using uno
he difference bad valuation m £105m (2014
derivative fina
oup are insuref America. Thearrying value ofparty credit en428m (2014: £
ties recognised14 Annual Repe instruments
Note 18 Fair va5,574m) and lare measured
tatement user
terest rate mo
spread
asure the fair ve price that woposition (i.e. a et date under
observable in
between the trmodels using u4: £96m). Ther
ncial instrume
ed up to $250, FDIC is fundef these issued hancement. A
£3,650m).
d at fair value aport. The descr categorised aslue of financiaiabilities in a dat fair value on
perspective ar
30.06.15
£m
(389)
(148)
(80)
(9)
(343)
239
ves on both M
value of certainould be receive liability) for a current marke
nputs
ransaction pricunobservable ire are addition
ents.
000 per deposed by premium certificates of
At 30 June 2015
and classified ription of the s Level 3
al instruments disposal groupn a non-
re quantified
31.12.14
£m
(396)
(169)
(100)
(24)
(394)
177
Monolines and
n groups of ed to sell a netparticular risk
et conditions.
ce (the fair nputs been
ns of £21m
sitor, by the ms that f deposit that 5, the on-
d
t
Financial
Barclays PLC
Comparison
Valuation meare consisten
The followingbalance sheet
Financial asset
Loans and adva
Loans and adva
- Home loans
- Credit cards,
- Finance lease
- Corporate loa
Reverse repurc
Financial liabil
Deposits from
Customer acco
- Current and d
- Savings accou
- Other time de
Debt securities
Repurchase ag
Subordinated l
10. Subo
Opening balanIssuances Redemptions Other
Total dated an
Subordinated
There weSubordina
RedemptiCallable N
Other moreduction
Statement
C – 2015 Interim
n of carrying
ethodologies ent with the 201
g table summat where carryi
ts
ances to banks
ances to custom
unsecured and o
e receivables
ans
chase agreement
ities
banks
ounts:
demand account
unts
eposits
s in issue
reements and o
iabilities
ordinated
ce as at 1 Janua
nd undated subo
d liabilities dec
ere new issuanated Notes (ZA
ions include £Notes (ZAR 2,0
ovements of £1n in accrued int
t Notes
m Results
g amounts an
mployed in ca4 Annual Rep
arises the fair vng amount is n
mers:
other retail lend
ts and other sim
ts
other similar secu
liabilities
ry
ordinated liabilit
reased 7% to
nces of £97mAR 807m)
265m 6.140%000m) and £97
1.1bn include aterest
nd fair values
alculating the fort disclosure.
value of financnot a reasonab
ing
milar secured len
ured borrowing
ties as at period
£19,664m:
m Floating Rate
% Fixed Rate G7m 4.75% Fixe
a £443m redu
68
s for assets a
fair value of fin.
cial assets and ble approxima
nding
d end
e Subordinate
uaranteed Pered Rate Subord
ction as GBP s
and liabilities
nancial assets a
liabilities meation of fair val
As at 30.06
Carrying amount
£m
44,548
164,341
59,480
5,118
201,780
93,138
(55,978)
(134,345)
(133,294)
(170,632)
(75,525)
(85,092)
(19,664)
d Notes (ZAR
rpetual Suborddinated Notes
strengthened a
s not held at
and liabilities m
sured at amorue:
6.15
Fair value
£m
44,111
158,023
59,315
5,020
200,552
93,138
(55,974)
(134,325)
(133,340)
(170,701)
(76,609)
(85,092)
(20,944)
R 1,693m) and
dinated Notes, 2015 (US$ 15
against USD, E
fair value
measured at a
rtised cost on t
As at 31
Carrying amount
£m
42,111
166,974
63,583
5,439
191,771
131,753
(58,390)
(143,057)
(131,163)
(153,484)
(86,099)
(124,479)
(21,153)
As at 30.06.15
£m 21,153
144 (534)
(1,099)
19,664
d £47m 10.05
£116m 8.1% 50m)
EUR and ZAR a
mortised cost
the Group’s
1.12.14
Fair value
£m
42,088
159,602
63,759
5,340
188,805
131,753
(58,388)
(143,085)
(131,287)
(153,591)
(87,522)
(124,479)
(22,718)
As at 31.12.14
£m 21,695
826 (1,695)
327
21,153
5% Fixed Rate
Subordinated
and a £402m
e
d
Financial
Barclays PLC
11. Pro
UK Customer R - Payment Pro - Interest rate - Packaged BaOther customeLegal, competitRedundancy anUndrawn contrOnerous contraSundry provisioTotal
Payment Pro
As at 30 JuneInsurance (PP
Through to 3The volume othan previous
As a result ofH115.
The provisiojudgement an
Customercustomer
Proactive
Uphold ra
Average cpolicy/po
These assuminclude comp
The current ppossible the increased or dwill be incurre
The followingprovision calcprove too hig
1 Total claims
mailing. Thi2 Average uph3 Average red
Assumption Customer initiaProactive mailiResponse rate tAverage upholdAverage redres
Statement
C – 2015 Interim
ovisions
Redress otection Insuranchedging producnk Accounts
er redress tion and regulatnd restructuringractually commiacts ons
otection Insura
e 2015 BarclayPI) redress and
30 June 2015, of claims recesly expected, d
f the lower tha
n is calculatend modelling:
r initiated claimrs where the vo
response rate
ate – the perce
claim redress -olicies
mptions remainplaints driven b
provision repreventual outcdecreased acced during 201
g table detailsculation and a
gh or too low.
s received to date,is sensitivity includhold rate per claim
dress stated on a p
ated claims receng to proactive mad rate per claim2
ss per valid claim
t Notes
m Results
ce redress ct redress
tory matters g itted facilities an
ance Redress
ys had recognid associated p
1.4m (31 Deceived during Hdue to steady l
an expected de
ed using a nu
m volumes – colume is antici
e – volume of c
entage of claim
- the expected
n subjective, by CMC activit
esents Barclaycome may difcordingly. The5 and 2016.
s by key assua sensitivity an
including those redes the associated
m excludes those foer policy basis.
ived and proces
iling 2
m3
nd guarantees
ised cumulativrocessing cost
cember 2014: H115 decrease
evels of claims
ecline in claim
umber of key
claims receiveipated to decli
claims in respo
ms that are uph
average paym
in particular dty.
ys’ revised besffer from the e current forec
mption, actuanalysis illustrat
eceived via CMCs costs of FOS refer
or which no PPI po
ssed1
69
ve provisions tts with utilisati
1.3m) customd 14% compas from Claims
ms additional p
y assumptions
ed but not yet ne over time
onse to proacti
held as being v
ment to custom
due to the un
st estimate of current estimast indicates t
al data througting the impac
but excluding thorrals and operatinglicy exists.
totalling £6.0bion of £4.7bn
mer initiated cared to H214. Management
rovisions total
s which conti
processed and
ive mailing
valid upon revi
mers for upheld
ncertainty ass
all future expmate. If this we
that the large m
gh to 30 June ct on the prov
ose for which no Pg costs.
Cumulative actual
to 30.06.15 1,420k
680k 25% 84%
£1,794
30.
3
bn against the leaving a resid
laims1 had be This rate of d Companies in
lling £750m h
nue to involv
d an estimate
ew
d claims based
ociated with
pected costs oere to be matmajority of cos
2015, forecasvision if the fu
PPI policy exists an
Future Exp
£
As at .06.15
£m
1,268
108 250 398 484 261
79 164 275
3,287
cost of Paymedual provision
een received adecline howevn particular.
ave been reco
ve significant
of future claim
d on the type a
future claims
of PPI redress, terial, the prosts included in
st assumptionuture expected
nd excluding respo
pected
Sensincre
270k 133k 23% 87%
£1,781
As at 31.12.14
£m
1,059
211 -
375 1,690
291 94
205 210
4,135
ent Protectionof £1.3bn.
nd processed.er was slower
ognised during
management
ms initiated by
and age of the
levels, which
however, it isovision will ben the provision
ns used in thed assumptions
onses to proactive
itivity Analysis ease/decrease
in provision 50k = £91m 50k = £15m
1% = £4m 1% = £6m
£100 = £30m
n
. r
g
t
y
e
h
s e n
e s
e
Financial
Barclays PLC
A 2014 deciscommissionsunder the prodetermine anpracticable tothe outcome
Packaged ba
As at 30 Juneincurred in re
The provisionmost significaredress per cl
12. Ret
As at 30 JuneFund (UKRF),
The moveme2015 and a d3.79% pa (20addition, the the defined bconsistent wi
The UKRF disspot yields arone of the fouslope of the gAA by either oJune 2015 waafter 2015.
The latest triecompleted in scheme-speceliminate the longevity ass
The recovery contributions2017 to 2021These deficit accruing over
In non-valuatupdate was cin funding de
Statement
C – 2015 Interim
sion of the UK s payable in coovisions of theny possible wido provide an es of this matter
nk account re
e 2015 Barclaysesponse to com
n has been calcant assumptiolaim.
tirement b
e 2015, the Gro, which is the G
ent for the UKRecrease in the
014: 3.67% pa)assumptions henefit liability ith statutory p
scount rate assre assumed to ur largest ratingovernment yieof the two largas a £0.4bn de
ennial actuaria 2014 and sho
cific funding ta deficit of the Uumption for fu
plan to elimins of £300m are
. Up to £500m contributions r each year.
tion years, thecarried out as aeficit over the y
t Notes
m Results
Supreme Counnection with UK Consumer
der impact of sstimate of the will not be ma
edress
s holds a provmplaints receiv
culated using aon being volum
benefits
oup’s IAS19 peGroup’s main s
RF is due to an liabilities. The) partially offsehave been updwas revised torovisions, resu
sumption at 30 remain flat aftng agencies. Teld curve in exgest rating ageecrease with no
al valuation of owed a deficit arget, statemenUKRF. The maunding and a d
nate the deficite payable in 20m of the 2021 d are in addition
e Scheme Actuat 30 Septembyear to 30 Sept
rt (Plevin) held the sale of sinr Credit Act. Basuch decision o financial impaaterial.
ision of £250mved relating to
a number of ame of future co
ension deficit ascheme, had a
increase in ase decrease in thet by an increa
dated for curreo use the long ulting in a £429
0 June 2015 is ter year 30 and
This compares xtrapolating coencies. The imo impact on cu
the UKRF was of £3.6bn andnt of funding pin differences
different appro
t will result in t015, and also ideficit contribn to the regula
uary prepares aber 2014 and stember 2014 c
70
d that, judged ngle premium arclays is in anon its historicaact the Plevin d
m for custome Packaged Ban
ssumptions womplaints, toge
across all schea deficit of £0.7
sset values, thehe liabilities caase in long terment market con term Consum9m (H114: £n
set using a vad the corporat to the RATE:L
orporate spot ympact of this churrent year pro
carried out wd a funding leveprinciples, a sc between the f
oach to setting
the Bank payinn 2016. Furtheutions are pay
ar contribution
an actuarial anshowed a deficcan be mainly
on its own facPPI to a custo
n active dialogual sales of PPI. decision could
r redress and ank Accounts.
which involve sether with ave
emes was £1.17bn (2014: £1
e Bank paying an be linked tom expected infnditions, and iner Price Index il) gain.
ariant of the Tote bond univerLink model preyields beyond hange on the Uofit. It is not po
ith an effectiveel of 87.4%. Th
chedule of confunding and IA
g the discount
ng deficit contrer deficit contr
yable in 2017 dns to meet the
nnual update ocit of £4.6bn a attributed to t
cts, non-disclomer could creaue with the FC Due to this un have and ther
associated ope
ignificant manrage complain
bn (2014: £1.5.1bn).
£150m of defio an increase inflation to 3.25n Q115 the val rather than th
owers Watson se includes bo
eviously used wyear 30, and o
UKRF Defined ossible to estim
e date of 30 Sehe Bank and thtributions and
AS 19 assumptrate.
ributions to thributions of £7depending on t Group’s share
of the fundingand a funding lthe fall in real g
sure of the amate an unfair r
CA and the FOSncertainty it is re can be no a
erational costs
nagement judgnt uphold rate
5bn). The UK R
icit contribution the discount % pa (2014: 3luation of a co
he Retail Price
RATE:Link moonds rated AA which incorporonly included bBenefit Obligamate the effec
eptember 2013he Trustee agr
d a recovery plations are a mo
e Fund until 20740m pa are pthe deficit leve
e of the cost of
g position. Thelevel of 85.4%gilt yields over
mount of elationship S to not currently ssurance that
s to be
gment; the and average
Retirement
ons during rate to
3.05% pa). In omponent of Index,
odel where AA by at least rated the bonds rated ation at 30 cts on profits
3. This was reed a an to re prudent
021. Deficit ayable during
el at that time. f benefits
e latest annual%. The increase
r the year.
A
l e
Financial
Barclays PLC
13. Cal
Called up shathe issuance
14. Oth
Other Equity during 2013 a
The AT1 secuCRD IV.
15. Ot
Currency trans
Available for sa
Cash flow hedgOther
Total
Currency tr
As at 30 Juneincrease of £4currency tranthe depreciat
During the pein the Income
Available fo
As at 30 June(2014: £414m£853m due to
Cash flow h
The cash flowwill be recycle
As at 30 June£634m (2014hedging purpcredit of £159
Treasury sh
During the peshares held foreflecting the
Statement
C – 2015 Interim
lled up sha
are capital comof shares unde
her equity
Instruments oand 2014.
urities are per
ther reserv
lation reserve
ale reserve
ging reserve
anslation res
e 2015 there 463m debit (2
nslation reservtion of ZAR ag
eriod a £87m ne Statement. T
or sale reserv
e 2015 there wm increase) wo fair value he
hedging rese
w hedging reseed to the incom
e 2015 there w4: £1,544m inposes as intere9m.
hares
eriod £568m (or the purpose
e vesting of def
t Notes
m Results
are capital
mprises 16,773er employee sh
instrumen
of £4,325m (2
petual securit
ves
serve
was a debit b2014: £560m ce associated wainst GBP.
net loss (2014This principally
ve
was a balance was largely driv
dging, £312m
rve
erve representme statement
was a balancencrease) princiest rate forwa
(2014: £909mes of employeferred share ba
3m (2014: 16,hare schemes
nts
2014: £4,322m
ies with no fix
balance of £1,0credit) principawith non-contr
4: £91m net gay related to the
of £267m (20ven by £1,014
m of net gains t
ts the cumulat when the hed
e of £1,183m ipally reflected
ard curves incr
) net purchaseee share schemased payment
71
,498m) ordina and the Barcla
m) include Ad
xed maturity a
045m (2014: ally reflected trolling interest
ain) from recyce disposal of th
014: £562m) inm losses from
transferred to n
tive gains and dged transactio
(2014: £1,817d a £697m dereased, £98m
es of treasury mes, and £570ts.
ary shares of 2ays PLC Scrip
ditional Tier 1
and are structu
£582m debit)he depreciatiots increased by
cling of the cuhe Spanish bus
n the availablem changes in fa
net profit and
losses on effeons affect prof
7m) in the casecrease in the gains transfer
shares were m0m (2014: £86
25p each. The Dividend Prog
(AT1) securi
ured to qualify
) in the currenon of ZAR, EURy £127m debit
rrency translatsiness.
e for sale reserfair value on Ga tax credit of
ective cash flowfit or loss.
sh flow hedginfair value of i
rred to net pro
made, principa66m) was tran
increase was ramme.
ties issued by
y as AT1 instru
As at 30.06.15
£m
(1,045)
267
1,183
929
1,334
ncy translationR and USD agat (2014: £74m
tion reserve w
rve. The decreGovernment Bof £96m.
w hedging ins
ng reserve. Thinterest rate swofit, partially o
ally reflecting tsferred to reta
largely due to
y Barclays PLC
uments under
As at
31.12.14
£m
(582)
562
1,817
927
2,724
n reserve. Theainst GBP. The
m debit) due to
was recognised
ease of £295monds offset by
struments that
he decrease ofwaps held for
offset by a tax
the increase inained earnings
o
C
r
e e o
d
m y
t
f r x
n s
Financial
Barclays PLC
16. Co
Guarantees andPerformance gContingent liabDocumentary Forward startiStandby facilit
Further detail
17. Leg
Barclays PLC which are beypredicted butsimilar circumand circumstliabilities whe Investigation The Financiaconnection wBBPLC are cagreements. whether the GCorrupt Pract Background I The FCA hasQatar Holdingcapital raising The FCA issu The existenceservices agrepayable over raisings in Juthere should primary purpbe disclosed, The Warning also in breacCompany’s sWarning Noti Other Investig The FCA has into the agrereceived and agreements aBPLC to winjurisdictions
Statement
C – 2015 Interim
ontingent li
d letters of creduarantees, accebilities credits and othng reverse reputies, credit lines
ls on continge
gal, compe
(BPLC), Barclayond our contt may materialmstances can tances. The Grere it is not cur
ns into certain
al Conduct Awith two adviscontesting the
The US DepaGroup’s relatiotices Act.
Information
s investigated g LLC (Qatar gs in June and
ed warning no
e of the advisoeement in Oct a period of fivne and Novem be at least so
pose of the agr for the Qatari
Notices conclch of Listing Phares). In thisices against th
gations and Li
agreed that teements referr has continuedand are also u or retain buhave also bee
t Notes
m Results
iabilities an
it pledged as coeptances and end
er short-term trurchase agreem and other com
nt liabilities re
etition and
ays Bank PLC trol. The extenlly impact our give rise to eiroup has not rrently practica
agreements
uthority (FCAsory services ae findings. Thartment of Jusonships with th
certain agreeHolding) in Ju November 20
otices (Warnin
ory services agtober 2008 anve years, were
mber 2008. Wme unspecifie
reements was participation
lude that BPLCPrinciple 3 (ths regard, the Fhe Group is £50
tigation
he FCA enforcred to above, d to respond t
undertaking ansiness are co
en briefed on t
nd commit
llateral security dorsements
rade related traments
mitments
lating to legal,
regulatory
(BBPLC) and tnt of the impac operations, finither a contingdisclosed an eable to do so.
A) has allegedagreements ene United King
stice (DOJ) anhird parties wh
ements, includne and Octob08.
g Notices) aga
greement entend the fees pae not disclosedhile the Warn
ed and undete not to obtain in the capital r
C and BBPLC we requirement
FCA considers0m. BPLC and
cement proces including theto requests fo
n investigationmpliant with the investigati
72
tments
nsactions
, competition a
y matters
the Group facect on BPLC, BBnancial resultsgent liability oestimate of th
d that BPLC ntered into by gdom (UK) Se
nd US Securitieho help it to w
ding two adviser 2008 respe
ainst BPLC and
ered into in Juayable under d in the annouing Notices cormined value advisory servi
raisings.
were in breacht to act with that BPLC an BBPLC contin
ss be temporae advisory servr further infor into whether the US Foreig
ions into certa
and regulatory
e legal, compeBPLC and the s, condition anr a provision, e potential fin
and BBPLC b BBPLC. The Ferious Fraud es and Excha
win or retain bu
sory services ectively, and w
d BBPLC in Sep
une 2008 was both agreemeuncements oronsider that Bto be derived ces but to ma
of certain discintegrity towa
nd BBPLC acteue to contest
arily stayed pevices agreememation. The D the Group’s rgn Corrupt Pain of the Gro
y matters can b
etition and regGroup of thes
nd prospects. Mor both, depe
nancial effect o
breached theiFCA has impoOffice (SFO) nge Commissusiness are com
agreements ewhether these
ptember 2013.
disclosed butents, which amr public documPLC and BBPL from the agre
ake additional p
closure-relatedards holders aed recklessly. Tthe findings.
nding progresents, in respe
DOJ and SEC arelationships wractices Act.
oup’s relations
As at
30.06.15
£m
15,131
5,215
20,346
1,163
15,459
269,404
be found in No
ulatory challene matters can
Matters arisingending on the on the Group
r disclosure osed a £50m fis also invest
sion (SEC) arempliant with t
entered into bmay have rela
.
t the entry intomount to a toments relating LC believed at eements, they payments, wh
d listing rules and potential hThe financial
ss in the SFO’sct of which th
are investigatinwith third partCertain regulahips with thir
As at 31.12.14
£m 14,547
6,777 21,324
1,091 13,856
276,315
ote 17.
nges, many ofnot always be
g from a set of relevant factsof contingent
obligations infine. BPLC andtigating these
e investigatingthe US Foreign
y BBPLC withated to BPLC’s
o the advisoryotal of £322m to the capital the time that state that the
hich would not
and BPLC washolders of thepenalty in the
s investigationhe Group has
ng these sameies who assistators in otherd parties. It is
f e f s t
n d e g n
h s
y m
l t e t
s e e
n s e t r s
Financial
Barclays PLC
possible thataffiliates. Claimed Amo It is not curreeffect that the Alternative T The SEC, theinvestigating high-frequenresponse to tthe Group’s cthese actions Background I Civil complainBCI and othewhich high-fsecurities madismiss this a In June 2014,York (NY Supconnection win July 2014. BPLC and BCallegations sithe New York Also, followinwith its curreinvestors suffof the allegatgranted in pa It is possible and/or its aff Recent Develo In February 2denied in part Claimed Amo The complainestimate of thresults, cash f FERC The US Federin the US Dist$34.9m of paround Califo
Statement
C – 2015 Interim
t civil litigation
ounts/Financia
ently practicabey might have
Trading System
e New York St a range of isscy traders. Ba
their enquiriescurrent and fos.
Information
nts have beeners generally arequency tradarket to the paction.
the NYAG filepreme Court)
with LX Liquidi
CI have also bmilar to those
k Federal Court
ng the filing ofent and certainfered damagetions in the N
art and denied
that additionfiliates.
opments
2015, the NYAt BPLC and BC
ounts/Financia
nts seek unsphe financial imflows or the G
ral Energy Regtrict Court in C
profits, plus inornia. The US
t Notes
m Results
n relating to c
al Impact
ble to provide e upon the Gro
ms and High-F
tate Attorney ues associatedrclays Capital . Various partirmer officers i
n filed in the Nalleging that thding firms werelaintiffs’ detrim
ed a complaintalleging, amoty Cross, the G
been named in in the Complat described ab
f the NYAG Con of its formers when their i
NYAG Complai in part.
nal complaints
AG filed an amCI’s motion to d
al Impact
pecified monempact of the m
roup’s financia
ulatory CommCalifornia seekterest, in conAttorney’s Of
certain of the
an estimate ooup’s operating
Frequency Tra
General (NYAd with alternat Inc. (BCI) hasies, including tin connection
New York Fedehe defendantse given informment. These c
t (NYAG Compngst other thiGroup’s SEC-re
n a class actioaint. This Calif
bove.
omplaint, BPLCr CEOs and CFnvestments inint. BPLC and
s relating to th
mended compdismiss the NY
etary damagesmatters in this s
al position in a
mission (FERC) king to collect nnection with ffice in the SD
73
ese matters m
f the financialg results, cash
ading
AG), the FCA ative trading syss been providinthe NYAG, hav with ATS rela
eral Court on bs violated the mational and ocomplaints ha
plaint) against ngs, that BPLCegistered ATS
on by an instifornia class act
C and BCI werFOs and an emn Barclays Ame BCI have filed
hese or simila
plaint and the YAG Complain
s and injunctivsection or whaany particular p
has filed a civon an order asallegations th
DNY has inform
may be brough
impact of the flows or finan
and regulatorsstems (ATSs),ng informationve filed compla
ated activities.
behalf of a putfederal securi
other advantagve been cons
BPLC and BCI C and BCI eng. BPLC and BC
itutional investion has been
re named in a mployee in Equerican Depositd a motion to
r matters may
NY Supreme t. Proceedings
ve relief. It is at effect that tperiod.
vil action againssessing a $43hat BBPLC mamed BBPLC th
ht in the futu
e actions descncial position in
s in certain ot including darn to the relevaaints against BBPLC and BCI
tative class ofties laws by p
ges so that theolidated and
in the Supremgaged in fraudCI filed a motio
stor client und consolidated w
shareholder suities Electrontory Receipts d
o dismiss the
y be brought
Court subseqs in this matter
not currentlythese matters
nst BBPLC and 35m civil penaanipulated theat it is looking
re against BP
ribed on the Gn any particula
ther jurisdictiok pools, and thant regulatoryBPLC and BCI continue to d
f plaintiffs agaparticipating iney could maniBPLC has filed
me Court of thed and deceptivon to dismiss t
der California with the class
securities classic Trading on declined in vacomplaint, wh
in the future
quently granter are continuin
y practicable t might have up
certain of its flty and the dis
e electricity mg into the sam
LC and/or its
Group or whatar period.
ons have beenhe activities of
y authorities inand certain of
defend against
inst BPLC andn a scheme inipulate the USd a motion to
e State of Newve practices inthe Complaint
law based on action filed in
s action alongthe basis thatlue as a resulthich the court
against BPLC
ed in part andng.
to provide anpon operating
former traderssgorgement of
markets in andme conduct at
s
t
n f
n f t
d n S o
w n t
n n
g t t t
C
d
n g
s f d t
Financial
Barclays PLC
issue in the Fasserting antBackground I In October 20and four of itthat BBPLC aaround Califoby BBPLC. In July 2013, ordered BBPLproposed in t In October 20to collect themade by FERC In Septembersuch office is In Decemberalternative, to Recent Develo In May 2015,for improper a claim. In June 2015Irrigation DismanipulationFERC against Claimed Amo FERC has maprofit disgorgmade against Investigation Regulators anBBPLC’s invosettlements wthose set out Background I The FCA, theDivision (DOJFinancial SerCommission, that opened iBBPLC and oEURIBOR. In June 2012,to the FCA),submissions,
Statement
C – 2015 Interim
FERC matter aitrust allegatioInformation
012, FERC issuts former tradand its formerornia from Nov
FERC issued aLC to disgorgethe Order and
013, FERC filede penalty and C in its Octobe
r 2013, BBPLC looking at the
r 2013, BBPLCo transfer it to
opments
, the US Districvenue or, in th
5, a civil classstrict, a Califo
n of the electric BBPLC curren
ounts/Financia
de claims agagement. This at it. The civil cl
ns into LIBOR,
nd law enforcelvement in mawith the releva in more detai
Information
e US CommodJ-AD), the Eu
rvices Agency the prosecutoinvestigations
other financial
BBPLC annou the CFTC an and BBPLC ag
t Notes
m Results
and a civil clasons that mirror
ued an Order ters in relation traders violatvember 2006 t
an Order Assee an additionaNotice).
d a civil actiondisgorgement
er 2012 Order
C was contacte same conduc
C and its form the SDNY, and
ct Court in Calhe alternative,
action compornia utility ccity markets in
ntly pending in
al Impact
inst BBPLC andamount does nass action com
other Benchm
ement agencieanipulating Forant law enforcl below, remai
ity Futures Traropean Comm, the Adminisors’ office in T in connectioninstitutions to
unced that it hand the DOJ-FSgreed to pay to
ss action compr those raised i
to Show Cause to their poweted FERC’s Anto December 2
essing Civil Penal $34.9m of p
n against BBPLt amount. FER and Notice an
ted by the crimct at issue in th
mer traders fid a motion to d
ifornia denied to transfer it t
plaint was filedompany, assen and around the US Distric
d certain of itsnot necessarilymplaint refers t
marks, ISDAFIX
es from a numreign Exchangcement agencn pending.
ading Commismission (Commstrative CouncTrani, Italy andn with efforts to the bodies th
ad reached setS in relation total penalties
74
plaint was filein the civil suit
e and Notice oer trading in thnti-Manipulatio2008, and prop
nalties in whicprofits plus int
LC and its formRC’s complaintnd its July 2013
minal division he FERC matte
led a motion dismiss the co
a motion filedo the SDNY, a
d in the US Derting antitrusCalifornia. The
ct Court in Cali
s former tradery reflect the BBto damages of
X, Foreign Exc
mber of governe rates and fin
cy or regulato
ssion (CFTC), mission), the cil for Economd various US sto manipulate hat set or com
ttlements withto their invesof £290m, wh
d in the US Dt filed by FERC
of Proposed Pehe western USon Rule by maposed civil pen
ch it assessed terest (both of
mer traders in tt in the civil ac3 Order Assess
of the US Atter.
to dismiss thomplaint for fa
d by BBPLC annd a motion to
District Court st allegations e allegations mifornia.
rs totalling $46BPLC’s potentiaf $139.3m.
change Rates
nments have bnancial benchmr in certain of
the SEC, the DSFO, the Mon
mic Defence istate attorneys Foreign Excha
mpile various f
h the Financialstigations conhich were refle
District Court fo.
enalties (OrderS. In the Orderanipulating thnalties and pro
a $435m civil f which are co
the US Districtction reiteratesing Civil Pena
torney’s Office
he action for ilure to state a
d the former to dismiss the c
for the SDNY in connectiomirror those ra
69.9m, plus intal financial exp
and Precious
been conductinmarks. BBPLC, f the investiga
DOJ Fraud Secnetary Authorn Brazil, the
s general are aange rates andfinancial bench
l Services Authcerning certai
ected in operat
or the SDNY a
r and Notice) ar and Notice, Fe electricity m
ofit disgorgem
penalty againonsistent with
t Court in Califes the allegatiolties.
e in SDNY and
improper vena claim.
traders to dismcomplaint for f
Y against BBPLon with BBPLCaised in the civ
terest, for civilposure if a ruli
Metals
ng investigatio BPLC and BCI
ations, but oth
ction (DOJ-FS) ity of SingapoSouth Africanamongst variod into submisshmarks, such
hority (FSA) (ain benchmarkting expenses
against BBPLC
against BBPLCFERC asserted
markets in andent to be paid
nst BBPLC andh the amounts
fornia seekingons previously
d advised that
nue or, in the
miss the actionfailure to state
LC by MercedC’s purportedvil suit filed by
penalties anding were to be
ons relating to have reached
hers, including
and Antitrustore, the Japann Competitionous authoritiessions made by as LIBOR and
as predecessork interest rate for 2012. The
C
C d d d
d s
g y
t
e
n e
d d y
d e
o d g
t n n s y d
r e e
Financial
Barclays PLC
settlements wOrder) and a the DOJ-AD EURIBOR. Sumthe NPA areAgreement wwebsite. CFTC LIBOR O In addition toviolations of sand reliabilitycontrols. Investigations Following theinto LIBOR, Eissued a subpand has sincresponding to Investigation In addition, finvestigate th Investigations The CommissDecember 20in relation to the Commisswas granted f DOJ Non-Pros As part of thcrimes (excepsubmissions obligations u In June 2014determinationthe two-year Recent Develo The Foreign penalty impoDOJ exercised Foreign Excha Various regulSEC and the Nwith Foreign market partic
Statement
C – 2015 Interim
were made by Non-Prosecutin connectionmmaries of th publicly avai
with the FSA a
Order
o a $200m civspecified provy of its bench
s by the US Sta
e settlements EURIBOR and tpoena in July 2ce issued addo these reques
by the SFO
following the he LIBOR matte
s by the Europ
sion has also 013, the Comm anti-competit
sion and coopfull immunity f
secution Agre
he NPA, BBPLCpt for criminalof benchmarknder the NPA.
4, BBPLC and n under the N period from 2
opments
Exchange setosed by the DOd its discretion
ange Trading
latory and enfoNew York Stat Exchange sa
cipants in vario
t Notes
m Results
entry into a Setion Agreemen with potentia
he NPA and thilable on the are confidentia
vil monetary pvisions of the Uhmark interest
ate Attorneys
announced inthe Tokyo Int012 to BBPLC itional inform
sts on a rolling
settlements aer, in respect o
pean Commiss
been conductmission annoutive conduct c
perated fully wfrom the finan
ement
C agreed to pa tax violations
k interest rates
DOJ-FS enterPA solely as to
26 June 2012 c
ttlements desOJ as a conseq
n not to declare
Investigations
orcement authte Departmentales and tradinous countries.
ettlement Agrent (NPA) with tal US antitruste CFTC LIBORwebsites of tal, but the Fin
penalty, the CUS Commodityt rate submis
General
n June 2012, 3erbank Offere (and subpoen
mation request basis.
nnounced in Jof which BBPL
ion
ting investigatinced that it ha
concerning EUwith the Commncial penalties
ay a $160m ps, as to which ts, including LIB
red into a leto whether anyonstituted the
scribed below quence of cere a breach of t
horities, includt of Financial Sng, including
75
eement with tthe DOJ-FS. Int law violation
R Order are setthe CFTC andnal Notice of t
CFTC LIBOR Oy Exchange Acsions, includin
31 US State Ated Rate. The Nnas to a numbets to BBPLC fo
June 2012, thC has received
ions into the mad reached a sRIBOR. The G
mission’s investhat would oth
penalty. In addthe DOJ cannoBOR and EURI
tter agreemeny of BBPLC’s tre commission o
under ‘Foreigtain practices
the NPA. The N
ding the FCA, tServices (NYDF
electronic tra
he FSA, a Sett addition, BBP
ns with respect out below. Td the DOJ, resthe FSA in rel
Order requires ct (CEA) and tang LIBOR and
ttorneys GeneNYAG, on behaer of other ban
for both docu
e SFO annound and continue
manipulation osettlement withroup had volu
stigation. In reherwise have a
dition, the DOJot and did not BOR, continge
nt which gaverading activitieof a ‘United St
gn Exchange that continueNPA and the le
the CommissioFS) have been ading. Certain
lement Order PLC was grantect to financial The full text of spectively. Thlation to LIBO
BBPLC to ceaake specified s
d EURIBOR, an
eral commencalf of this coanks) to producments and tr
nced in July 2es to respond t
of, amongst oh the Group anuntarily reporteecognition of tapplied.
J agreed not t make any agr
ent upon BBPL
e DOJ-FS untiles in the Foreigates crime’.
Trading Invesed after entry etter agreemen
on, the CFTC, t investigating a of these inve
with the CFTCed conditional instruments tf the CFTC LIBhe terms of thOR is available
ase and desiststeps to ensurnd improve re
ed their own alition of Attorce wide-ranginransactional d
2012 that it hato requests for
other things, End a number oed the EURIBOthis cooperatio
to prosecute Breement) relatLC’s satisfactio
l 27 June 201gn Exchange m
stigations’ incinto the NPA;
nt have now ex
the DOJ-FS, tha range of issuestigations inv
C (CFTC LIBOR leniency fromthat referenceOR Order andhe Settlement on the FCA’s
t from furtherre the integrityelated internal
investigationsrneys General,ng informationdata. BBPLC is
ad decided tor information.
URIBOR. On 4of other banksOR conduct toon, the Group
BBPLC for anyted to BBPLC’son of specified
15 to make amarket during
clude a $60m; however, thexpired.
e DOJ-AD, theues associatedvolve multiple
R m e d t s
r y l
s ,
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o
4 s o p
y s d
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Financial
Barclays PLC
Recent Develo On 20 May 2Governors ofinvestigationspenalties of acontinuing af Under the pleyears from thamongst othe Commit n Notify the
investigat Implemen
to the ple Strengthe
enforcem Bring to t
relates to of Directoadministremployee
Pursuant to tviolating provcertain remed Implemen
integrity oaddress in
Implemenother thinand tradingoing trairate and (unlawful a
Pursuant to itcivil monetarReserve Bankapplicable USwholesale maprogram regarespect to ceinterest rate compliance win certain othits institutionagent, consuUS authoritieformal discipreview in conthereof or ha Pursuant to tmonetary pefour identifiepreviously seprograms, popertain to or BBPLC’s Boar
Statement
C – 2015 Interim
opments
2015, the Grouf the Federal Rs into certain approximately fter entry into t
ea agreement whe date of theer things: no crime whatse probation otion in which itnt and continua agreement;
en its compliament agencies t
he DOJ’s atten US anti-trust ors, managemrative proceedes that alleges
the settlement visions of the diation efforts nting and impof its participanternal or extenting additionangs: (i) detecting or other coining of all tra(iii) its system activity relatin
ts settlement wry penalty of $k of New YorS laws and regarkets for comarding BBPLCrtain Foreign Eproducts and
with applicableher wholesale mn-affiliated parltant or contra
es, has done alinary action annection withd his or her em
the settlementnalty of $485md employees.
elected by theolicies, and proaffect activitierd of Directors
t Notes
m Results
up announcedReserve System sales and tra $2.38bn, inclthe NPA, and t
with the DOJ, Be final judgme
soever in violaofficer appointt is a target, or
ue to implemen
ance and intethat have addrntion (i) all cred
laws or fraud ment or legal
ings or civil acviolations of U
with the CFTC US Commod to the extent nproving its intation in the fixernal conflicts oal remediationon and deterrnduct potentiaders, supervis for reporting,g to the fixing
with the Feder$342m and ork for its appro
gulations with mmodities and’s and BBPLCExchange activd (iii) enhance US laws and markets for corties must notactor of BBPLCall of the followas a result of B the conduct
mployment ter
t with the NYDm and requiriBBPLC and B
e NYDFS to cocedures, withes conducted bs a preliminary
d that it had rem (Federal Resading practiceuding a $60mthat BPLC had
BPLC agreed tent in respect
ation of the fedted by the cor federal criminnt a complianc
ernal controls ressed the condible informatlaws, includinand complianctions brough
US anti-trust o
C, BBPLC consdity Exchange not already unternal controlsxing of any Foof interest; and
n improvemenence of improally intended tors and others handling and of any Foreig
ral Reserve, BBrdering BBPLCoval (i) an enrespect to cerd interest rate
C’s New York vities and certed internal aregulations wi
ommodities ant in the futureC or of any subwing: (i) particBPLC’s and BB described in rminated in co
DFS, BBPLC anng BBPLC andBPLC’s New Yonduct, consi respect to the
by or through y written repor
76
eached settlemerve) and the s in the Forei
m penalty impod agreed to ple
o (i) pay a crimt of the plea a
deral laws of thourt upon leanal prosecutioce program de
as required nduct set forth ion regarding g securities or
nce personnel t by any gover fraud laws, o
sented to the eAct, (ii) pay a
ndertaken, incls and procedu
oreign Exchangd ts will include
oper communito manipulate s who are invo investigating n Exchange be
BPLC and BBPLC and BBPLC’snhanced internrtain Foreign Ee products, (iibranch’s comain activities inudit program ith respect to c
nd interest ratee directly or inbsidiary of BBPcipated in theBPLC’s New Yothe order, annnection with
nd BBPLC’s Ned BBPLC’s NewYork branch mistent with ape business actiBBPLC’s New Yrt of findings,
ments with the FCA (togetheign Exchange osed by the Dad guilty to a v
minal fine of $6agreement. Du
he United Staterning of the n against it;
esigned to prev
by the CFTC in the plea agcriminal violat
r commodities is aware (ii)
ernmental author including sec
entry of an orda civil monetauding: ures in a mange benchmark
e internal contcations conceForeign Exchaolved in the fix any suspectedenchmark rate
LC’s New York s New York brnal controls aExchange activi) a plan to im
mpliance with an certain othe regarding BBcertain Foreigne products. Unndirectly retainPLC who, basee misconduct ork branch’s innd (iii) either s the conduct d
ew York brancw York branch
must also contpplicable law, ivities discusseYork branch. Tincluding prop
e CFTC, the NYr, the Resolvin market, that
DOJ as a conseviolation of US
650m and (ii) uring the term
es; commenceme
vent and detec
, the FCA anreement; and tions by BPLC s markets fraud
all criminal ohority in the Ucurities or com
der requiring it ary penalty of
nner reasonabk rate, includin
trols and proceerning Foreign ange benchmaxing of any Fod misconduct
e.
branch conseranch to submnd complianc
vities and certamprove its coapplicable US r wholesale mBPLC’s and Bn Exchange ac
nder the Federan any individu
ed on the invesunderlying the
nternal discipliseparated fromdescribed in th
ch consented th to take all stinue to engaga comprehen
ed within the oThe monitor wposed correcti
YDFS, the DOJng Authorities) it had agreed
equence of cerS anti-trust law
a term of probm of probation
ent of any fe
ct the conduct
nd any other
or any of its ed, as to which
or regulatory iUS by or againmmodities mar
to (i) cease an $400m and (
bly designed tng measures t
edures relating Exchange ben
ark rates, (ii) rooreign Exchang or questionab
nted to an ordmit in writing tce program toain activities inmpliance risk laws and regarkets for comBPLC’s New Y
ctivities and ceal Reserve ordual as an officstigative recorde order, (ii) benary review orm BBPLC or a
he order.
to an order imteps necessaryge the indepennsive review oorder, in place
will submit to thive measures a
, the Board of) in relation tod to pay totalrtain practices
w.
bation of threen, BPLC must,
deral criminal
t that gave rise
regulatory or
mployees that BPLC’s Boardinvestigations,
nst BPLC or itsrkets fraud.
nd desist from(iii) undertake
to ensure theo identify and
g to, amongstnchmark ratesoutine and on-ge benchmarkble, unusual or
der imposing ato the Federal
o comply withn certain other managementgulations withmmodities andYork branch’s
ertain activitieser, BBPLC and
cer, employee,d compiled byeen subject tor performanceany subsidiary
mposing a civily to terminatendent monitorof compliance at BBPLC thathe NYDFS andand thereafter
f o l s
e ,
l
e
r
t d , s
m e
e d
t s -k r
a l
h r t h d s s d ,
y o e y
l e r e t d r
Financial
Barclays PLC
BBPLC and Bcurrent compincorporatingenhance manaffect activitie The FCA issuin its ForeignExchange optremediation p The full text oabove are pu The settlemeExchange matrading persocountries. Thto cooperate ISDAFIX Inves Regulators apractices with On 20 May 2BCI agreed tsetting of thefrom violatinglitigation and Continuin
the integr Implemen
amongst directly oof all swainterest-raquestiona
The full text o Certain otherintended to in Precious Met BBPLC has bmetals and p For a discuss‘Civil Actions the Gold Fix’ Claimed Amo The fines in cprovisions of matters in thfinancial posi
Statement
C – 2015 Interim
BBPLC’s New Ypliance prograg any relevantnagement ovees conducted
ued a Final Notn Exchange butions and Foreprogramme w
of the DOJ pleblicly available
ents reached oarket. In additonnel, includinhe Group is co with the relev
stigation
nd law enforch respect to IS
015, the CFTCto pay a civil me US Dollar ISDg provisions o undertake cer
ng to implemerity of the fixinnting additionaother things: r indirectly sw
aps and optionate swaps anable, unusual o
of the CFTC or
r regulatory anfluence, the U
tals Investigatio
been providingrecious metals
ion of litigatio in Respect of below.
ounts/Financia
connection witf £2.05bn. It ishis section, or tion in any pa
t Notes
m Results
York branch mams that pertt corrective mrsight of compby or through
tice and imposusiness in Londeign Exchangehich Barclays
a agreement, e on the Resolv
on 20 May 20ion, certain aug Foreign Excntinuing to revant authorities
cement agencSDAFIX, among
C entered into monetary penDAFIX benchmof the US Comrtain remediat
ent and improvg of any intereal remediation(i) the detecti
wap rates, incluns desk personnd (iii) a sysor unlawful act
rder relating to
nd enforcemeUSD ISDAFIX b
on
g information s-based financ
n arising in cof ISDAFIX’, ‘Civ
al Impact
th the May 20s not currently what effect trticular period
must submit ttain to or affeeasures ident
pliance progra BBPLC’s New
sed a financialdon (includinge sales). As anremains comm
the CFTC, NYDving Authoritie
15 did not enuthorities conthange personview these ans.
cies, includinggst other benc
a settlement oalty of $115m
mark. In additiommodity Exchation efforts to tve its internal est-rate swap n improvemenon and deterr
uding benchmnnel relating tstem for repotivity relating t
o ISDAFIX is pu
ent authoritiesbenchmark.
to the DOJ ancial instrument
onnection withvil Actions in R
015 settlementy practicable tothat these mat.
77
to the NYDFSect activities cified in the mms, policies, a York branch.
l penalty of £2g G10 and emnnounced in Nmitted to comp
DFS and Fedees’ respective w
compass ongotinue to invesnel, among md certain othe
g the CFTC, hchmarks.
order with BPLm in connectioon, the CFTC oange Act, fully the extent not controls and pbenchmark; ants, including r
rence of tradinmarks based onto the trading orting, handlito the fixing of
ublicly availabl
s have reques
nd other authts.
h these investigRespect of Fore
ts with the Reo provide an etters might ha
S (i) a written conducted by
monitor’s reporand procedure
284m on BBPLmerging markeNovember 2014pleting.
ral Reserve ordwebsites.
oing investigatigate sales an
multiple marketer practices rel
have conducte
LC, BBPLC andon with the CForder requires cooperate wi already underprocedures in nd reasonable inteng or other con interest-rate of any producng and invesf any benchma
e on the CFTC
sted informatio
orities in conn
gations see ‘LIeign Exchange
solving Authoestimate of thave upon the
plan designey or through rt and (ii) a ws now in place
LC for failing tot spot Foreign4, the FCA ha
ders, and the
ations of electrnd trading prat participants, ating to Foreig
ed separate in
d BCI pursuantFTC’s industry BPLC, BBPLC th the CFTC inrtaken, includi a manner rea
ernal controls onduct potenti swaps, (ii) roct that referenstigating any ark based on in
C website.
on regarding
nection with i
BOR and othee Trading’ and
orities are covehe financial im
Group’s oper
d to improve BBPLC’s New
written plan toe at BBPLC tha
o control busin Exchange tras required an
FCA Final Not
ronic trading iactices of vari including BBPgn Exchange a
nvestigations
t to which BPL-wide investigand BCI to cean related invesng, amongst osonably desig
and procedurally intended tutine and on-g
nces a benchmsuspected m
nterest-rate sw
the setting of
investigations
r Benchmarksd ‘Civil Actions
ered by the Grpact of certainating results,
and enhance York branch,
o improve andat pertain to or
ness practicesading, Foreignindustry-wide
ice referred to
in the Foreignous sales and
PLC, in variousand continues
into historical
LC, BBPLC andgation into thease and desiststigations andother things: ned to ensure
res relating to,to manipulategoing training
mark based onmisconduct orwaps.
f, and trading
into precious
Civil Actions’,s in Respect of
roup’s existingn of the othercash flows or
e ,
d r
s n e
o
n d s s
l
d e t d
e
, e g n r
g
s
, f
g r r
Financial
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LIBOR and ot Following theForeign Exchthreatened or Background I A number ofGroup and ohave been disimpact is unc USD LIBOR C The majority purposes befo The complaincollectively vOrganizations The lawsuits total in exceslawsuits also The proposedlinked over-th(Exchange-Barate mortgag In August 20the MDL Couindividual act In March 201defendants in Following theappeal an asmotions pres Debt Secu The claim The claim
good faith
Subsequent tCalifornia staproposed clasthe US Court the grounds January 2015Debt SecuritiCertain otherjoin the appea In December claims for $12015, plaintifsettlement, a
Statement
C – 2015 Interim
ther Benchma
e settlements ohange Rates ar brought civil
Information
f individuals ather banks in smissed and oclear.
ases in MDL C
of the USD LIBfore a single ju
nts are substanviolated proviss Act (RICO) a
seek unspecifss of $1.25bn seek trebling o
d class actionshe-counter traased Class); (iies linked to US
12, the MDL Curt could addretions (Lead Ind
13, the MDL Cn the Lead Clas
e decision, thepect of the Mented in the Leurities Class ha
ms of the Exchams of the OTC h and fair deal
to the MDL Cate court (sincss action case of Appeals fothat the MDL
5, the US Supres Class’ appe
r proposed claal as to the dis
2014, the MD19.98m and reffs filed a mond that motion
t Notes
m Results
ark Civil Action
of the investignd Precious M actions agains
and corporates relation to m
one has settled
Court
BOR cases, whdge in the SDN
ntially similar sions of the Uand various sta
fied damages in actual damof damages un
s purport to bansactions (OTii) purchased USD LIBOR (Hom
Court stayed aless the motiondividual Action
Court issued ass Actions and
e plaintiffs in tMarch 2013 de
ead Class Actias been dismisange-Based Cla Class have being.
Court’s March ce moved to
es discussed abr the Second CL Court had nreme Court reveal. The OTC Cass actions thasmissal of thei
DL Court grantequested that otion for an n is pending b
ns
gations referreMetals’, a numst Group in rel
s in a range omanipulation ofd subject to fin
hich have beenNY (MDL Cour
and allege, amUS Sherman Aate laws by ma
with the exceages against ander the US Sh
e brought on TC Class); (ii) USD LIBOR-linmeowner Clas
ll newly filed pns pending in tns).
a decision dismd Lead Individu
the Lead Classcision. In Augons. As a resu
ssed entirely; ass have beeneen limited to
2013 decisionthe MDL Cou
bove. The DebCircuit (Secondnot reached a versed the SecClass and the at had previour antitrust clai
ted preliminary the plaintiffs order approviefore the MDL
78
d to above in mber of indiviation to LIBOR
of jurisdictionsf LIBOR and/o
nal approval fro
n filed in variort).
mongst other tAntitrust Act,
anipulating US
ption of five laall defendantsherman Antitru
behalf of (am purchased USked debt secu
ss); or (v) issue
proposed class three lead prop
missing the mual Actions.
s Actions souggust 2013 andult, the:
limited to claiclaims for unj
n, the plaintiffurt) based on bt Securities Cld Circuit), but decision resocond Circuit’s Exchange-Bas
usly been stayems.
y approval for present a planing their propL Court.
‘Investigationsduals and corR and/or other
s have threateor other benchom the court,
us US jurisdict
things, that BB, the CEA, thD LIBOR rates
awsuits, in wh, including BBust Act and RIC
ongst others) SD LIBOR-link
urities (Debt Seed loans linked
actions and inposed class ac
majority of clai
ght permissiod June 2014, th
ims under the just enrichme
fs in the Lead the same allass attemptedthe Second Ci
olving all of th decision, rulinsed Class haveed by the MD
the settlemenn for allocatioposed process
s into LIBOR, orporates in a r benchmarks.
ened or broughmark rates. W others remain
tions, have bee
BPLC and the oe US Rackete.
hich the plaintBPLC, plus punCO.
plaintiffs thated financial in
ecurities Class)d to USD LIBOR
ndividual actioctions (Lead C
ms against BB
n to either filehe MDL Court
CEA; and nt and breach
d Individual Acegations as th
d to appeal theircuit dismissehe claims in tng that the See received perL Court have
nt of the remaon of the settles of allocation
other Benchmarange of juris
.
ght civil actionWhile several n pending and
en consolidate
other banks ineer Influenced
iffs are seekinnitive damages
t (i) engaged instruments on); (iv) purchaseR (Lender Clas
ons (Stayed Aclass Actions) a
BPLC and oth
e an amendedt denied the m
h of the implie
ctions filed a hose initially ae dismissal of ted the appeal athe consolidatecond Circuit mrmission to joialso received
ining Exchangement proceen and class n
arks, ISDAFIX,sdictions have
ns against theof such cases their ultimate
ed for pre-trial
ndividually andd and Corrupt
g a combineds. Some of the
n USD LIBOR-n an exchangeed adjustable-
ss).
ctions), so thatand three lead
er panel bank
d complaint ormajority of the
d covenant of
new action inalleged in thetheir action to
as untimely onted actions. Inmust hear thein this appeal.permission to
ge-Based Classeds. In Januarynotice for the
, e
e s e
l
d t
d e
-e -
t d
k
r e
f
n e o n n e .
o
s y e
Financial
Barclays PLC
Additionally, fraud and toraction plaintifdefendants factions filed t Until there arthat the deciwhich concer Additional US An additionadefendants. Tof bonds plemarket. This SDNY. The paplaintiff soug Sterling LIBO An additionaby a plaintiffcomplaint all2005 and 201 Securities Fra BPLC, BBPLCproposed secThe complainReports for tcompliance wthat BBPLC’s brought on bDepositary Regranted BBPLCircuit issuedplaintiffs’ claiThe action hsubstantially pending. Complaint in In July 2012, ainclude allegapurported claBBPLC’s motappealed the Japanese Yen An additionabanks by a pAssociation’scomplaint alleand US ShermCourt issued antitrust claimconcerning th
Statement
C – 2015 Interim
the MDL Courtious interfereffs (those who
filed their mottheir amended
re further decisions will be rn different be
SD LIBOR Case
al individual aThe plaintiff aldged as collataction is not aanel bank defeht leave to file
R Case in SDN
l class action wff involved in eges, among 10 and, in so d
aud Case in the
C and BCI havecurities class ant asserted clhe years 2006
with its operat daily USD LIBObehalf of a preceipts on a ULC’s motion tod an order upims that BBPLhas been remcomplete by t
the US Distric
a purported clations related tass that includtion for summ court’s decisio
n LIBOR Case in
l class action wlaintiff involve
s Euroyen Tokeges, amongsman Antitrust a decision grms in full, but he CEA claims
t Notes
m Results
urt has begun ence claims, wo have opted otions to dismid complaints. I
isions, the ultiinterpreted bynchmark inter
e in the SDNY
ction was coleged that theteral for a loaassigned to theendants move
e a further ame
NY
was commencexchange-traother things,
doing, committ
e SDNY
e also been nction pending aims under th
6 to 2011 contional risk manOR submissionroposed classUS securities eo dismiss the pholding the LC’s daily USD
manded back the end of 20
t Court for the
ass action comto USD LIBOR
des holders of amary judgemeon to the US C
n SDNY
was commenced in exchangekyo Interbankt other things, Act between ranting in part sustained thes was denied b
to address thwere not assertout of the classss. In Novemn January 2015
imate impact y courts to affrest rates.
mmenced in e panel bank dn to decreasee MDL Court; ied to dismiss tended complai
ced in May 20aded and ove
that BBPLC ated CEA, antitr
amed as defe in the SDNY ihe US Securitintained misstanagement prons constituted consisting of
exchange betw complaint in dismissal of c LIBOR submito the distric
015. In April 2
e Central Distri
mplaint in the and name BBadjustable rate
ent and dismiCourt of Appea
ced in April 20e-traded deriv
k Offered Rate, manipulation2006 and 201t and denying
e plaintiff’s CEAby the Court in
79
he claims in thted in the Leads actions) filedber 2014, the5, the defenda
of the MDL Cfect other litig
February 201defendants cone, ultimately reit is proceedinthe action, andint; that motio
015 in the SDNr-the-counter nd other panerust, and RICO
ndants along n connection wies Exchange tements and ocesses and ce
d false statemef all persons
ween 10 July 2its entirety. T
certain of thessions constitt court for fu015, plaintiffs
ict of California
US District CoBPLC as a defee mortgages lissed all of th
als for the Nint
012 in the SDNvatives. The coe (Euroyen TIn of the Euroye
0. The defendg in part that A claims. The n October 201
he Stayed Actd Class Actiond their amendee plaintiffs in tants filed their
Court’s decisiogation, includin
3 in the SDNnspired to incresulting in theg on a differend the motion w
on is pending.
NY against BBP derivatives tel banks mani
O violations.
with four forwith BBPLC’s rAct of 1934, omissions con
ertain laws andents in violatioor entities tha
2007 and 27 JuThe plaintiffs ae plaintiffs’ clatuted false staurther procee filed a motio
a
urt for the Cenndant. The aminked to USD Lhe remaining h Circuit.
NY against BBomplaint also nBOR) panel,
en TIBOR and dants filed a mmotion. Specidefendants’ m4. The plaintif
ions, many ofns. As a result, ed complaints the Lender Cl motions to dis
ns will be uncng the actions
NY against BBrease USD LIBOe sale of the bnt schedule bewas granted in
PLC and other hat were linkipulated the S
mer officers arole as a contrprincipally all
ncerning (amod regulations. n of US securiat purchased une 2012. In Mappealed, andaims, but revetements in viodings, and din to certify th
ntral District ofmended complLIBOR. In Januclaims agains
PLC and othenames membeof which BBPYen LIBOR rat
motion to dismfically, the co
motion for recoff moved for le
f which, includ in October 20 and in Novemlass and Homsmiss.
clear, althoughs described be
PLC and otheOR, which caubonds at a lowefore a differenn April 2015.
Sterling LIBOked to SterlingSterling LIBOR
and directors oributor panel beging that BB
ongst other th The complainties law. The cBPLC-sponso
May 2013, the, in April 2014ersing the disolation of US siscovery is exhe class, and t
f California waaint was filed
uary 2015, the st BBPLC. The
r Japanese Yeners of the Japa
PLC is not a tes and breach
miss and, in Maurt dismissed onsideration oeave to file a t
ding state law014, the direct
mber 2014, themeowner Class
h it is possibleelow, some of
er panel bankused the valuew point in thent judge in the In June 2015,
R panel banksg LIBOR. The rate between
of BBPLC in abank to LIBOR.BPLC’s Annualhings) BBPLC’snt also allegedcomplaint wasred American
e district court4, the Secondsmissal of thesecurities law.
xpected to bethat motion is
as amended toon behalf of a court grantede plaintiff has
n LIBOR panelanese Bankersmember. The
hes of the CEAarch 2014, the the plaintiff’s
of the decisionhird amended
w t e s
e f
k e e e ,
s e n
a . l s d s n t d e .
e s
o a d s
l s e A e s n d
Financial
Barclays PLC
complaint adimmediate ap EURIBOR Cas In February 2plaintiffs asseother EURIBOLIFFE EURIBOcontracts (su2005 throughdocument dis In addition, Bviolations witBBPLC is eligantitrust actiojoint-and-sevcourt presidin Non-US Benc In addition tomanipulationthe benchma Claimed Amo It is not curreeffect that the Civil Actions Since Septemof plaintiffs, several state filed in Februa Claimed Amo It is not curreeffect that the Civil Actions Since Novemalleging mannaming severactions allegi Recent Develo In January 20of non-US pe Since FebruaNorthern DismanipulationBCI. One of tand includes
Statement
C – 2015 Interim
dding additionppeal of that d
ses
2013, a EURIBOert antitrust, COR panel bankOR futures conuch as interesth 31 March 2scovery to pro
BBPLC has beeth respect to fible for (i) a lion under US a
veral liability inng over the civ
chmarks Cases
o US actions, len of LIBOR andarks to which t
ounts/Financia
ently practicabey might have
in respect of
mber 2014, a nalleging that laws by engaary 2015.
ounts/Financia
ently practicabey might have
in respect of
mber 2013, a nnipulation of Fral internationng a class of U
opments
015, the SDNY ersons.
ry 2015, severstrict of Califon of Foreign Exthe newly filed allegations th
t Notes
m Results
nal claims, incecision, and th
OR -related claCEA, RICO, andks to manipulantracts, purchat rate swaps a011. All proceceed.
en granted cofinancial instrumit on liabilityantitrust law bn connection vil litigation of
s
egal proceedind EURIBOR in ahey relate, and
al Impact
ble to provide e upon the Gro
ISDAFIX
umber of ISDABBPLC, a num
aging in a con
al Impact
ble to provide e upon the Gro
Foreign Excha
number of civForeign Exchaal banks as de
US persons in a
denied the mo
ral additional cornia, on behaxchange rates d actions asseat are duplicat
cluding a RICOhat request is p
ass action wasd unjust enricate EURIBOR. asers of Euro cnd forward raeedings were
nditional lenieuments that ry to actual ratbased on condwith such civfulfilment of it
ngs have beena number of jud the jurisdictio
an estimate ooup’s operating
AFIX related cmber of other
spiracy to ma
an estimate ooup’s operating
ange Trading
il actions havenge markets
efendants, inclua single conso
otion to dismi
civil actions haalf of proposeand naming srts claims undtive of allegatio
80
O claim, whichpending. Disc
s filed against hment claims.The lawsuit is
currency-relateate agreementstayed until M
ency from the reference EURIher than trebl
duct covered bvil antitrust acts cooperation
brought or thurisdictions. Thons in which t
f the financialg results, cash
ivil actions havbanks and on
anipulate the U
f the financialg results, cash
e been filed inunder the USuding BBPLC. lidated action.
ss the consolid
ave been fileded classes of several internatder the US Emons in the oth
h was deniedovery comme
BPLC, BBPLC, . In particular,s brought on ed futures cons that are link
May 2015, wh
DOJ-AD in coIBOR. As a rese damages if
by the conditiotion, subject t
n obligations.
hreatened agahe number of they may be br
impact of the flows or finan
ve been filed ine broker, vioUSD ISDAFIX.
impact of the flows or finan
n the SDNY on Sherman AnIn February 20.
dated action b
in the SDNY, plaintiffs allegtional banks aployee Retiremer cases, as w
in March 20nced in May 2
BCI and other BBPLC is allebehalf of purc
ntracts and puked to EURIBOen the court m
onnection withsult of that grdamages wereonal leniency ato BBPLC sati
inst the Groupsuch proceedirought have in
e actions descncial position in
n the SDNY onlated the US A consolidate
e actions descncial position in
n behalf of prtitrust Act an
014, the SDNY
but dismissed t
and one civil ging injuries ras defendants, ment Income S
well as addition
015. Plaintiff h2015.
r EURIBOR panged to have cchasers and seurchasers of otR) during the modified the s
h potential USrant of conditie to be awardand (ii) relief fsfying the DO
p in connectioings in non-US
ncreased over t
ribed on the Gn any particula
n behalf of a pSherman Antied amended c
ribed on the Gn any particula
roposed classend New York sY combined all
two actions al
action has berelated to Bar including BPLSecurity Act (Eal allegations
has sought an
nel banks. Theconspired withellers of NYSEther derivative period 1 Junestay to permit
S antitrust lawional leniency,
ded in any civilfrom potential
OJ-AD and the
n with allegedS jurisdictions,time.
Group or whatar period.
proposed classitrust Act andcomplaint was
Group or whatar period.
es of plaintiffsstate law and then-pending
lleging classes
een filed in therclays’ allegedLC, BBPLC andERISA) statuteabout Foreign
n
e h E e e t
w , l l
e
d ,
t
s d s
t
s d g
s
e d d e n
Financial
Barclays PLC
Exchange salAct and/or th Claimed Amo The financial results, cash f Civil Actions Since March plaintiffs, alleand gold derprotection law Claimed Amo It is not currdescribed or particular per US Residentia The Group’s a Sponsorin Economic Sales of a Sales of a Sales of a
repurchasacquired
Throughout tbacked securtoday. In connectionrepurchase reactions have loans. In addition, thclaims. The cwas approxim Regulatory aTroubled AssEastern Distrsecurities, an RMBS Repurc Background The Group w Approxim Approxim Approxim
In addition, th
Statement
C – 2015 Interim
es practices anhe US Commo
ounts/Financia
impact of theflows or financ
in respect of t
2014, a numbeging that BBPrivative contraws. All of the c
ounts/Financia
rently practicawhat effect th
riod.
al and Comme
activities withing and underwc underwritingpproximately pproximately
approximately sed) that werein 2007 (Acqu
this time peririties (RMBS)
n with its loaequests relatin been comme
he Group is paurrent outstan
mately $0.8bn.
nd governmenset Relief Progict of New Yod the Group is
chase Request
as the sole promately $5bn of mately $0.2bn omately $3bn of
he Acquired Su
t Notes
m Results
nd ERISA plandity Exchange
al Impact
actions descrcial position in
the Gold Fix
ber of civil comPLC and other acts in violatiocomplaints hav
al Impact
able to providhat they migh
ercial Mortgag
in the US residwriting of apprg exposure of a$0.2bn of loan$3bn of loans $19.4bn of loa
e originated anuired Subsidiar
od affiliates oand US comm
n sales and cng to loans witnced by vario
arty to a numbnding face amo.
ntal authoritieram, the US A
ork have initiats co-operating
ts
ovider of vario Group sponsoof sales of loan loans sold to o
ubsidiary prov
s. All of the ote Act.
ribed on the Gn any particula
mplaints have members of
on of the CEAve been transf
de an estimatet have upon o
ge-related Act
dential mortgagoximately $39
approximately ns to governm to others; andans (net of appnd sold to thirdry).
of the Group emercial mortg
certain privateth a principal bus parties alle
ber of lawsuits ount of RMBS
es, including aAttorney’s Offic
ted wide-rang with several o
us loan-level rored securitisans to GSEs; andothers.
ided R&Ws on
81
ther newly filed
roup or what er period is cur
been filed in UThe London G
A, the US Sherferred to the SD
e of the finanoperating resu
tivity and Litig
ge sector durin9bn of private- $34bn for othent sponsored
d proximately $5d parties by m
engaged in segage-backed s
e-label securitibalance of app
eging that the
filed by purch related to thes
amongst otherce for the Distging investigatof those invest
representationations; d
n all of the $19
d actions asse
effect that therently uncerta
US federal couGold Market Frman AntitrusDNY and cons
ncial impact oults, cash flow
gation
ng the period flabel securitisa
her private-labed enterprises (G
500m of loansmortgage origin
econdary marksecurities (CM
isations, on 3proximately $2 Group must r
hasers of RMBSse pending cla
rs, the DOJ, Srict of Connec
tions into martigations.
s and warrant
.4bn of loans i
ert claims unde
ey might have in.
rts, each on bFixing Ltd. manst Act, and staolidated for pr
of the potentis or the Grou
from 2005 thrations; el securitisatioGSEs);
s sold during thnator affiliates
ket trading of BS), and such
0 June 2015, 2.6bn at the timrepurchase a s
S asserting staaims against th
EC, Special Incticut and the rket practices
ties (R&Ws) wi
it sold to third
er the US Sher
upon the Grou
ehalf of a propnipulated the ate antitrust aretrial purpose
ial exposure op’s financial p
rough 2008 inc
ons;
his period ands of an entity t
f US residentiah trading activ
the Group hame they were substantial nu
atutory and/orhe Group as of
spector GeneUS Attorney’sinvolving mor
ith respect to:
parties.
rman Antitrust
up’s operating
posed class ofprices of gold
and consumeres.
of the actionsposition in any
cluded:
d subsequentlyhat the Group
al mortgaged-vity continues
ad unresolved sold, and civil
umber of such
r common lawf 30 June 2015
ral for the US Office for the
rtgage-backed
t
g
f d r
s y
y p
-s
d l
h
w 5
S e d
Financial
Barclays PLC
R&Ws on thesecuritisationThere are nothird parties. Under certainmake other p The unresolveAcquired Subapproximatel A substantialthat have beeand/or the Amaking repur(but unspeciftrustees. All o In addition, tallegedly suffconnection w Claimed Amo It is not curreeffect that the RMBS Securit Background As a result ofRMBS sponsoamong othermisleading stRMBS and rec The original fwhich approx Cumulative re Claimed Amo If the Group wthe RMBS atcumulative lotime and less Although theGroup has esbe entitled to Other Mortga In addition tauthorities, aAttorney’s Ofinvestigating offerings of
Statement
C – 2015 Interim
e remaining Grn trusts with a stated expira
n circumstancepayments relat
ed repurchasebsidiary on loay $2.6bn at th
number (appen commence
Acquired Subsirchase requesfied) amount oof the litigation
the Acquired fered by a loa
with loan sales
ounts/Financia
ently practicabey might have
ties Claims
f some of the Rored and/or ur things, that thtatements andcovery of mon
face amount ximately $0.8b
ealised losses
ounts/Financia
were to lose tt the time ofosses on the R any provision
e purchasers instimated the too indemnificatio
age-related Inv
to the RMBS amongst themffice for the Di various aspecRMBS and tra
t Notes
m Results
roup sponsorea Group subsiation provision
es, the Group ted to such loa
e requests recens sold to GSE
he time of such
roximately $2ed by the trusidiary must rets have also a
of loans than tn involving rep
Subsidiary is an purchaser a to the purcha
al Impact
ble to provide e upon the Gro
RMBS activitiesunderwritten bhe RMBS offerd/or omissionsnetary losses a
of RMBS relatbn was outstan
reported on th
al Impact
the pending acf judgement (RMBS at such ns taken to dat
n these securitotal market vaon for a portio
vestigations
Repurchase Rm the DOJ, SE
strict of Conncts of the morading practice
ed securitisatiodiary, such as
ns applicable to
and/or the Acans if the R&W
eived on or befEs and others ah sale.
.2bn) of the ustees for certapurchase loan
alleged that thhe amount of
purchase reque
subject to a cas a result of ser during the
an estimate ooup’s operating
s described abby the Group bring materials s and generalrising out of th
ted to the pennding as at 30
hese RMBS as
ctions the Gro(taking into a time and anyte.
ties actions halue of these R
on of such loss
Requests and EC, Special Insecticut and thrtgage-relatedes in the seco
82
ons were prims the depositoo most R&Ws
cquired Subsids are breached
fore 30 June 20and private-lab
nresolved repin RMBS secu
ns that violatedhe operative R& loans previouests remain at
civil action sef alleged breac period 1997-2
f the financialg results, cash
bove, the Groubetween 2005allegedly reliely demand resheir ownership
nding civil act June 2015.
at 30 June 201
oup believes it account furthey interest, fees
ave generally nMBS as at 30
ses.
RMBS Securspector Genere US Attorney
d business, incondary market
marily providedor for the secus made by the
diary may be red.
015 associatedbel activities h
urchase requeuritisations in wd the operativ&Ws may havsly stated in sp early stages.
eking, amongches of R&Ws2007. This liti
impact of the flows or finan
p is party to a 5 and 2008. Ad on by such pscission and rep.
ions against t
15 were approx
could incur aer principal p and costs, les
not identified aJune 2015 to b
rities Claims, ral for the USy’s Office for thcluding issuanct for both RM
d by third-parturitisation, pro Group, the A
equired to rep
d with all R&Whad an original
ests discussed which the tru
ve R&Ws. Suchve been violatepecific repurch
g other thingss provided by gation is in ea
e actions descncial position in
number of lawAs a general m
purchasers coecovery of the
the Group tota
ximately $0.2b
loss of up to ayments afterss the market
a specific amoube approximat
numerous reg Troubled As
he Eastern Distce and underw
MBS and CMB
ty originators oviding more lAcquired Subsi
urchase the re
Ws made by the unpaid princi
above relate tstees allege thh trustees anded with respechase requests
, indemnificat the Acquiredrly stages.
ribed on the Gn any particula
wsuits filed by matter, these laontained matere consideratio
al approximat
bn.
the outstandir 30 June 20 value of the R
unt of alleged tely $0.4bn. Th
gulatory and set Relief Protrict of New Yowriting practicS. The Group
directly to thelimited R&Ws.diary or these
elated loans or
e Group or thepal balance of
to civil actionshat the Groupd other partiesct to a greatermade by such
tion for losses Subsidiary in
Group or whatar period.
purchasers ofawsuits allege,rially false andn paid for the
ely $2.3bn, of
ng amount of15), plus anyRMBS at such
damages, thehe Group may
governmentalgram, the USork have beences in primary
p continues to
e .
e
r
e f
s p s r h
s n
t
f ,
d e
f
f y h
e y
l S n y o
Financial
Barclays PLC
respond to reGroup), whicthe investigasettlements in Claimed Amo It is not curreeffect that the Lehman Brot Since Septemcertain aspecassets of Leh2015, BCI andlitigation betwSDNY (Bankr Background I In Septemberthe Official Cof the Sale, asreturn to the claims pursua In January 20LBI had failedthose assets, In 2011, the Band some in Claims to the In July 2012, t $1.1bn (£ Property h
(ETD Mar
The Trustee Clearance Box In October 20ETD Margin tand BBPLC toSDNY ruled in In October 20respect of the Recent Develo In December regarding the In May 2015(Settlement).has received (£51m) of asexpected to b
Statement
C – 2015 Interim
equests relatinch was formedations by memnvolving subst
ounts/Financia
ently practicabey might have
thers
mber 2009, BCcts of the tranman Brothers d BBPLC reachween them reuptcy Court) o
Information
r 2009, motionCommittee of Us well as the O LBI estate anyant to the Sale
10, BCI filed itd to deliver as Contract Claim
Bankruptcy Co favour of BC
e SDNY. LBHI a
the SDNY issu£0.7bn) from theld at variousrgin).
appealed to tx Assets and t
014, the Trustthat BCI and Bo approximaten favour of BC
014, the Truste Clearance Bo
opments
2014, the True ETD margin.
5, the parties The Settleme all of the assssets that the be received fro
t Notes
m Results
ng to the RMBd to investigatmbers of thetantial moneta
al Impact
ble to provide e upon the Gro
I and BBPLC hsaction pursu Inc. (LBI) in Se
hed a settlemeelating to the Son 29 June 201
ns were filed iUnsecured Cre
Order. The claimy excess value e documents a
s response to required by th
ms).
ourt rejected thCI. BCI and theand the Comm
ed an opinion he Trustee in rs institutions in
he Second Cirthe ETD Margi
tee filed a moBBPLC were enely $1.1bn of aI and BBPLC, c
tee made a paox Assets.
ustee requested In May 2015,
reached a sent was approvsets that the T Trustee is ent
om third partie
BS Working Grte pre-financiae RMBS Workary payments.
an estimate ooup’s operating
have been engant to which eptember 200
ent with the SIPSale. The settl15, thereby bri
n the Bankrupeditors of Lehmmants sought BCI allegedly nd the Order (
the motions ahe Sale docum
he Rule 60 Clae Trustee eachittee did not a
on the Contrarespect of ‘clean respect of th
rcuit. In Augun.
otion with the ntitled to receassets that theconfirming tha
ayment to BBP
d that the US S the US Suprem
settlement to ved by the Ba
Trustee had astitled to retains.
83
roup of the Final crisis mortgking Group, a
f the financialg results, cash
gaged in litigatBCI, BBPLC an8, as well as thPA Trustee forement was apnging the litig
ptcy Court by man Brothers an order voidreceived, and d(Rule 60 Claim
and also filed aments and the O
aims and decidh appealed thppeal the Ban
act Claims statarance box’ ashe exchange tr
ust 2014, the S
SDNY to confive. With that
e Trustee asseat they were en
PLC of $1.1bn
Supreme Courme Court publ
resolve outstnkruptcy Cousserted did non and approxi
nancial Fraud gage-related ma number of
impact of the flows or finan
tion with variond other comphe court orderr Lehman Brotpproved by thation challeng
Lehman Broth Holdings Inc. ing the transfedeclaring that
ms).
a motion seekinOrder (togethe
ded some of the Bankruptcy kruptcy Court
ting that BCI anssets (Clearancraded derivativ
Second Circuit
firm the scope motion, the T
erted did not cntitled to all of
(£0.7bn), fully
rt review the rulished its denia
tanding litigatrt on 29 June ot constitute Emately $0.3bn
Enforcement Tmisconduct. In
financial inst
e actions descncial position in
ous entities thapanies in the Gr (Order) approthers Inc. (Truse United State
ging the Sale to
hers Holdings (Committee) er of certain as BCI is not ent
ng delivery of er with the Tru
he Contract Cl Court’s adver’s ruling on the
nd BBPLC werece Box Assets)ves accounts t
t affirmed the
e of the SDNYTrustee challenconstitute ETDf the ETD Marg
y discharging
ulings of the Sal of the Truste
tion between 2015. PursuanETD Margin wn of ETD Marg
Task Force (R connection w
titutions have
ribed on the Gn any particula
at have soughGroup acquireoving the sale stee) to resolves Bankruptcy o an end.
Inc. (LBHI), th challenging cssets to BCI, retitled to certain
certain assets ustee’s compe
aims in the Trrse rulings one Rule 60 Claim
e entitled to re); and ransferred to B
e SDNY’s decis
Y’s judgement nged the entit
D Margin. In Agin.
the Trustee’s
DNY and the See’s request.
them relatingnt to the Settle
with the excepgin still owed
RMBS Workingwith several of entered into
Group or whatar period.
ht to challenged most of the (Sale). In May
ve outstanding Court for the
e Trustee andertain aspects
equiring BCI ton assets that it
that LBHI andeting claims to
ustee’s favourn the Contractms.
eceive:
BCI in the Sale
sion as to the
regarding thetlement of BCIApril 2015, the
obligations in
Second Circuit
g to the Saleement, BBPLC
ption of $80m to BBPLC but
g f o
t
e e y g e
d s o t
d o
r t
e
e
e I e
n
t
e C
m t
Financial
Barclays PLC
Financial Imp As at 30 Juneassets to whifinancial asseended 30 JunJuly 2015 of aETD Margin tpayment in reBBPLC has a expected to b American De BPLC, BBPLC action consoDepositary ShOffering). Background I The plaintiffs Offering cont(including UScondition. Th In June 2014, Claimed Amo It is not curreeffect that the BDC Finance BDC Financeconnection wruling was mBDC have alAgreement. Background I In October 2failed to trans BDC asserts tcollateral anddispute the D BDC demand In August 20dispute the Dwhether BBPLDivision). In SeptemberHoldings, L.LBBPLC’s condtortious interf
Statement
C – 2015 Interim
pact
e 2015, BBPLC ich BBPLC is eet reflects an inne 2015 as a reapproximatelythat the Trusteespect of the Efinancial asset
be received fro
epositary Shar
and various foolidated in thehares issued b
Information
have assertedtained misstateS subprime-rehe plaintiffs ha
the SDNY den
ounts/Financia
ently practicabey might have
L.L.C.
e L.L.C. (BDC)with a portfolio
ade against Bso sued BBPL
Information
008, BDC filedsfer approxima
that under the d that even if tDemand.
ds damages tot
012, the NY SuDemand beforeLC actually did
r 2011, BDC’s L.C. also sued duct relating toference with b
t Notes
m Results
recognised asentitled as partncrease of appesult of the Se
y $1.3bn (£0.9bee is entitled tETD Margin ort of approxima
om third partie
res
ormer membee SDNY alleg
by BBPLC in Ap
d claims undeements and om
elated) securitiave not specific
nied defendant
al Impact
ble to provide e upon the Gro
) filed a compo of total returBPLC, but the LC and BCI in
d a complaintately $40m of
Agreement BBhe Agreement
talling $298m
upreme Court e transferring td so. The partie
investment ad BBPLC and Bo the Agreemebusiness and p
s a financial ast of the Sale aproximately $0ettlement. Pursbn), representto retain under otherwise reately $0.3bn os.
rs of BPLC's Boing misstatem
pril 2008 with
r the Securitiemissions concies, BBPLC’s ecally alleged th
ts’ motion to d
an estimate ooup’s operating
plaint againstrn swaps gove New York Stan Connecticut
t in the NY Su alleged excess
BPLC was not t entitled BBPL
plus attorneys
granted partiathe alleged exces cross-appe
dvisor, BDCM BCI in Connecent, asserting c
prospective bus
84
sset on its baland the Settlem0.8bn (£0.5bnsuant to the Sting the value or the terms oflating to the S
on its balance
oard of Directoments and om
an original fac
s Act of 1933,cerning (amonexposure to mhe amount of t
dismiss the cla
of the financiag results, cash
t BBPLC in therned by an ISate Court of Apt State Court
upreme Court s collateral in r
entitled to disLC to dispute t
s’ fees, expens
al summary jucess collateralaled to the Ap
Fund Adviser,cticut State Coclaims for violsiness relation
ance sheet appment but whic) recognised i
Settlement, theof the ETD Maf the SettlemenSale. After applsheet in respe
ors have been missions in ofce amount of a
alleging that tgst other thing
mortgage and their damages
aims. The case
l impact of th flows or finan
he NY SupremSDA Master Agppeals effectiv
in connection
alleging that response to BD
pute the Demathe Demand be
ses, and prejud
udgement for , but determin
ppellate Divisio
, L.L.C. and itsourt for unspeation of the Co
ns. The parties
proximately $1ch it had not ren profit and lo
e Trustee madargin held by tnt, thereby fullication of this
ect of ETD Mar
named as defffering documapproximately
the offering dogs) BBPLC’s pocredit market
s.
is in discovery
e action descrncial position in
me Court alleggreement (collvely reversed tn with BBPLC
BBPLC breachDC’s October 2
and before traefore making t
dgement intere
BBPLC, ruling ning that a triaon of the NY Su
s parent compecified damagonnecticut Un have agreed t
1.6bn (£1.0bneceived as of toss for the six e a payment the Trustee lesly discharging
s payment fromrgin still owed
fendants in a sments for certy $2.5 billion (t
ocuments for tortfolio of mor risk, and BBP
y.
ribed on the Gn any particula
ging breach olectively, the Ahat ruling. Par
C’s conduct re
hed the Agree2008 demand
ansferring the athe transfer, B
est.
that BBPLC wal was requiredupreme Court
pany, Black Diages allegedly rfair Trade Praco a stay of tha
) in respect ofthat date. The month periodto BBPLC on 2s the $80m of
g the Trustee’sm the Trustee, to BBPLC but
securities classtain Americanthe April 2008
the April 2008rtgage-relatedPLC’s financial
Group or whatar period.
of contract inAgreement). Arties related toelating to the
ement when it (Demand).
alleged excessBBPLC failed to
was entitled tod to determine (NY Appellate
amond Capitalresulting fromctices Act and
at case.
f e d 2 f s , t
s n 8
8 d l
t
n A o e
t
s o
o e e
l m d
Financial
Barclays PLC
In October 20of BBPLC, andThe NY AppeSupreme Cou Recent Develo In February 2modified the either party’sAgreement. Tproceedings. Claimed Amo BDC has madamount does Civil Actions In April 2015approximatelUS Anti-TerroIranian banksfor pain, suffdamages. Claimed Amo It is not currethese matters Credit Defau The Commis2013 the Corelates to conderivative pro If the CommCommission’BPLC is also cin the case is Claimed Amo It is not curreeffect that the Portuguese C The Portuguinformation aparticular refoperating wit Claimed Amo It is not currehave upon op
Statement
C – 2015 Interim
013, the NY Apd instead granellate Division urt.
opments
2015, in conn NY Appellates favour cannThe New York
ounts/Financia
de claims agais not necessari
in respect of t
, an amended y 250 plaintifforism Act (ATs, which in turfering and men
ounts/Financia
ently practicabs might have u
lt Swap (CDS)
sion and the mmission addncerns that ceoducts.
mission does s sanctions cacontesting a p ongoing.
ounts/Financia
ently practicabey might have
Competition A
uese Competitabout retail creference to moth the investiga
ounts/Financia
ently practicabperating result
t Notes
m Results
ppellate Divisionted BDC’s mo did not rule o
nection with the Division’s grnot be granted Court of App
al Impact
inst the Groupily reflect the G
the US Anti-T
civil complainfs, alleging thaTA) by facilitatrn funded Hezntal anguish p
al Impact
ble to provide aupon operating
) Antitrust Inv
DOJ-AD commdressed a Statrtain banks to
reach a decisan include fine
proposed, cons
al Impact
ble to provide e upon the Gro
Authority Inves
tion Authorityedit products aortgages, consation.
al Impact
ble to provide ts, cash flows o
on reversed thotion for partiaon the amoun
he BBPLC apprant of partial d because a meals ordered t
p totalling $29Group’s potent
errorism Act
nt was filed in tat the Group anting US dollarbollah attacks
pursuant to th
an estimate ofg results, cash
vestigations an
menced investtement of Obj
ook collective a
sion in this mes. The DOJ-Asolidated class
an estimate ooup’s operating
stigation
y is investigatamongst 15 bsumer lending
an estimate oor the Group’s
85
he NY Supremeal summary judnt of BDC's da
peal of the Oc summary judmaterial issuethat the matte
98m plus attortial financial ex
the US Federalnd a number or denominateds that injured te provisions o
f the financial i flows or the G
nd Civil Action
tigations in thjections to BBaction to delay
matter it has AD’s investigats action allegin
f the financialg results, cash
ting whether banks in Portugg and lending
of the financia financial posit
e Court’s grandgement, holdmages, which
ctober 2013 ddgement to BDe of fact remar be referred b
rneys’ fees, exxposure if a ru
l Court in the Eof other banksd transactions the plaintiffs’ fof the ATA, w
impact of the Group’s financ
ns
he CDS marketBPLC, 12 othey and prevent
indicated thation is a civil inng similar issue
impact of the flows or finan
competition gal, including to small and
l impact of thetion in any par
nt of partial sumding that BBPLh has not yet b
decision, the NDC, holding thains as to whback to the NY
xpenses, and puling were to b
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pre-judgemente made agains
ct of New York conspiracy anrnment of Irars. Plaintiffs se
or the tripling o
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d 2009, respekit Ltd. and ISce of exchange
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ribed on the Gn any particula
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ment in favourhe Agreement.ned by the NY
urt of Appealsjudgement inbreached theurt for further
t interest. Thisst it.
k by a group ofnd violated then and variouseek to recoverof any proven
hat effect that period.
ctively. In JulySDA. The casee traded credit
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Group or whatar period.
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Barclays PLC
General The Group is jurisdictions. time to time,fraud, trusts, and common The Group is proceedings protection mbusiness activ At the presenadverse effecspecifically dematerial to thamount of th
18. Rel
Related partyAnnual Repothe performathe 2014 Ancurrent period
Statement
C – 2015 Interim
engaged in va It is subject to, including (bu client assets, c
n law issues.
also subject toby regulatorseasures, compvities in which
nt time, the Gct on its finanescribed in thihe Group’s rese loss resulting
lated party
y transactions rt. No related p
ance of the Gronual Report thd.
t Notes
m Results
arious other leo legal proceedut not limited competition, d
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86
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ution of any oncertainties in
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similar in naturn 2015 have mchanges in thefinancial posit
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audits, investion with (but
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of these other nvolved in sucf a particular mdepending on
wise reported fo
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er of overseasbusiness from
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19. Seg
Analysis of resHalf year endeTotal income nCredit impairmNet operating Operating expeCosts to achievOther net (expeProfit before ta
Total assets
Analysis of resHalf year endeTotal income nCredit impairmNet operating Operating expeCosts to achievOther net incom(Loss)/profit b
Total assets
Analysis of resHalf year endeTotal income nCredit impairmNet operating Operating expeCosts to achievOther net incomProfit before ta
Total assets
Analysis of resHalf year endeTotal income nCredit impairmNet operating Operating expeCosts to achievOther net incomProfit/(loss) b
Total assets
1 Other incom
joint venture
Statement
C – 2015 Interim
gmental re
sults by businesed 30.06.15 net of insurance
ment charges andincome enses ve ense)/income1 ax
sults by businesed 30.06.15 net of insurance
ment charges andincome enses ve me/(expense)1 before tax
sults by businesed 30.06.14 net of insurance
ment charges andincome enses ve me1 ax
sults by businesed 30.06.14 net of insurance
ment charges andincome enses ve me/(expense)1 efore tax
me/(expense) reprees; and gains on ac
t Notes
m Results
eporting
ss
claims d other provision
ss
claims d other provision
ss
claims d other provision
ss
claims d other provision
esents: share of pcquisitions.
ns
ns
ns
ns
post-tax results of
87
P
P
associates and jo
Personal and Corporate
Banking £m
4,384
(178)
4,206 (2,491)
(139)
(48)
1,528
£bn
289.9
Head Office B£m
42 (1)
41 (85)
(22)
4
(62)
£bn
52.6
Personal and Corporate
Banking
£m
4,361
(230)
4,131 (2,554)
(115)
6
1,468
£bn
268.1
Head Office B£m
159
-
159 (91)
(2)
-
66
£bn
43.3
int ventures; profi
Barclaycard A£m
2,357 (563)
1,794 (961)
(56) 18
795
£bn 41.9
Barclays Core B
£m 12,940
(936) 12,004 (7,448)
(293) (22)
4,241
£bn 858.5
Barclaycard A£m
2,124 (537)
1,587 (822)
(36) 35
764
£bn 36.2
Barclays Core B
£m 12,674
(937) 11,737 (7,491)
(453) 47
3,840
£bn 846.2
it or (loss) on disp
Africa Banking £m
1,858 (193)
1,665 (1,116)
(13) 4
540
£bn 54.0
Barclays Non-Core
£m 42
(37) 5
(498) (23)
4 (512)
£bn 338.2
Africa Banking £m
1,773 (196)
1,577 (1,082)
(17) 6
484
£bn 52.4
Barclays Non-Core
£m 658
(149) 509
(893) (41) (66)
(491)
£bn 468.6
posal of subsidiarie
Investment Bank
£m 4,299
(1) 4,298
(2,795) (63)
- 1,440
£bn 420.1
Barclays
Group Adjusted
£m 12,982
(973) 12,009 (7,946)
(316) (18)
3,729
£bn 1,196.7
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£m 4,257
26 4,283
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- 1,058
£bn 446.2
Barclays
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(494) (20)
3,349
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es, associates andd
Financial
Barclays PLC
Reconciliation statutory basisHalf year endeTotal income nCredit impairmprovisions Net operating Operating expeCosts to achievOther net (expeProfit/(loss) Half year endeTotal income nCredit impairmprovisions Net operating Operating expeCosts to achievOther net (expeProfit/(loss)
Statement
C – 2015 Interim
of adjusted bass ed 30.06.15 net of insurance
ment charges and
income enses ve ense)/income
ed 30.06.14
net of insurance ment charges and
income enses ve ense)/income
t Notes
m Results
sis to Barc
Gradjus
claims 12,9d other
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3,7
claims 13,3d other
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sted Own
credit£m £m
982 410
973) -009 410946) -316) -(18) -729 410
£m £m332 52
086) -246 52383) -494) -(20) -349 52
88
n t
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customer redress
G
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m £m 0 -
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(900) - -
2 (900)
ain on US Lehman
cquisition assets
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r
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visions for ongoing
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- 13,888
- (973)- 12,915
429 (9,349)- (316)- (136)
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Financial
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20. Bar
Assets Investments in Loans and advaDerivative finanOther assets
Total assets Liabilities Deposits from Subordinated lDebt securitiesOther liabilities
Total liabilities Equity
Called up shareShare premiumOther equity inCapital redempRetained earnin
Total sharehol
Total liabilities
Investment in
The investmeincluding £4,contribution
Loans and ad
During H115,raised througcorrespondin
Statement
C – 2015 Interim
rclays PLC
subsidiary ances to subsidincial instrument
banks iabilities
s in issue s
s
e capital m account nstruments ption reserve ngs
ders' equity
s and sharehold
n subsidiary
ent in subsidia326m (2014: £made to Barcla
dvances to sub
, Barclays PLC gh these transang to the notes
t Notes
m Results
parent ba
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ry of £34,303m£4,326m) of Aays Bank PLC.
bsidiary and d
issued $4bn oactions were us issued by Bar
lance shee
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debt securities
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89
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£m 34,303
5,318 194 184
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313 174
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For further info
Investor relatioKathryn McLela More informati
Registered offi1 Churchill Plac
Registrar Equiniti, AspecTel: 0871 384 2
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at Barclays.c2 The average3 The change 4 Calls cost 8p
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