Returns: targeting RoTE of greater than 10% and c.10.5% excluding inorganic activity: The cumulative impact of all inorganic activity on FY24 Group RoTE is currently expected to be broadly neutral, as an estimated net gain upon the completion of the Tesco Bank acquisition in Q424 should broadly offset the losses on disposals from our Italian retail mortgage portfolios as well as from the disposal of the German consumer finance business. Income: targeting Barclays (BCS) Group NII excluding IB and Head Office of greater than GBP 11B, of which Barclays UK NII is now c.GBP 6.5B; Costs: targeting Group cost: income ratio of c.63%, which includes c.GBP 1bn of gross efficiency savings in 2024; Impairment: expect an LLR of 50-60bps through the cycle; Capital: expect to operate within the CET1 ratio target range of 13-14%.
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