Return on Tangible Equity Achieved
Barclays delivered a return on tangible equity (RoTE) of 10.5% in 2024, meeting their target of greater than 10%.
Capital Distributions
Barclays announced £3 billion of capital distributions, including £1.2 billion of dividends and £1.75 billion in buybacks.
Investment Bank RoTE Improvement
The Investment Bank's RoTE improved to 8.5% in 2024, up 1.5% year-on-year.
U.S. Consumer Bank RoTE Improvement
Returns in the U.S. consumer bank improved to 9% from 4% as impairment charges normalized and operational performance improved.
Strong Cost Efficiency
Barclays achieved £1 billion in cost efficiency savings, with a cost-to-income ratio of 62%, better than the guidance of circa 63%.
Barclays U.K. Performance
Barclays U.K. delivered a RoTE of 23% for the year, with notable progress from the acquisition of Tesco Bank.
Improved Credit Performance
Barclays reported a group loan loss rate of 46 basis points for the year, below the target range of 50 to 60 basis points.