REG - Barclays PLCBarclays Bank PLC - 3rd 2017 Quarter Results <Origin Href="QuoteRef">BARC.L</Origin> - Part 2
26/10/2017 07:06
- Part 2: For the preceding part double click ID:nRSZ6455Ua
Loan loss rate (bps) 67 52
Net interest margin 4.10% 4.01%
1 As at 30 September 2017 loans and advances included £190.5bn (June 2017: £183.9bn) of loans and advances to customers (including settlement balances of £28.0bn (June 2017: £31.6bn) and cash collateral of £38.2bn (June 2017: £26.9bn)), and £30.2bn (June 2017: £20.9bn) of loans and advances to banks (including settlement balances of £4.9bn (June 2017: £5.7bn) and cash collateral of £15.2bn (June 2017: £5.4bn)). Loans and advances to banks and customers in respect of Consumer, Cards and Payments were £39.0bn
(June 2017: £38.5bn).
2 As at 30 September 2017 customer deposits included settlement balances of £29.1bn (June 2017: £29.4bn) and cash collateral of £25.9bn (June 2017: £16.2bn).
3 Loan: deposit ratio excludes investment banking balances other than interest earning lending. Comparatives have been restated to include interest earning lending balances within the investment banking business.
Analysis of Barclays International
Corporate and Investment Bank Nine months ended Nine months ended
30.09.17 30.09.16
Income statement information £m £m % Change
Analysis of total income
Credit 954 924 3
Equities 1,267 1,380 (8)
Macro 1,314 1,799 (27)
Markets 3,535 4,103 (14)
Banking fees 2,007 1,747 15
Corporate lending 824 892 (8)
Transactional banking 1,221 1,256 (3)
Banking 4,052 3,895 4
Other 39 4
Total income 7,626 8,002 (5)
Credit impairment charges and other provisions (86) (170) 49
Operating expenses (5,358) (5,337) -
Other net income 126 -
Profit before tax 2,308 2,495 (7)
As at As at As at
30.09.17 30.06.17 31.12.16
Balance sheet information £bn £bn £bn
Loans and advances to banks and customers at amortised cost 181.7 166.3 171.6
Customer deposits 182.7 173.0 166.2
Risk weighted assets 185.2 178.9 178.6
Nine months ended Nine months ended
Performance measures 30.09.17 30.09.16
Return on average allocated tangible equity 8.4% 8.7%
Average allocated tangible equity (£bn) 23.8 21.6
Consumer, Cards and Payments Nine months ended Nine months ended
30.09.17 30.09.16
Income statement information £m £m % Change
Total income 3,437 3,401 1
Credit impairment charges and other provisions (1,034) (759) (36)
Total operating expenses (1,549) (1,326) (17)
Other net income 107 27
Profit before tax 961 1,343 (28)
As at As at As at
30.09.17 30.06.17 31.12.16
Balance sheet information £bn £bn £bn
Loans and advances to banks and customers at amortised cost 39.0 38.5 39.7
Customer deposits 58.3 57.3 50.0
Risk weighted assets 33.0 33.3 34.1
Nine months ended Nine months ended
Performance measures 30.09.17 30.09.16
Return on average allocated tangible equity 19.3% 38.3%
Average allocated tangible equity (£bn) 4.2 3.6
Head Office Nine months ended Nine months ended
30.09.17 30.09.16
Income statement information £m £m % Change
Net interest income (181) (212) 15
Net fee, commission and other income 189 324 (42)
Total income 8 112 (93)
Credit impairment charges and other provisions (14) -
Net operating (expenses)/income (6) 112
Operating expenses excluding litigation and conduct (201) (150) (34)
Litigation and conduct (76) (26)
Operating expenses (277) (176) (57)
Other net expenses (186) (31)
Loss before tax (469) (95)
Attributable loss (497) (113)
As at As at As at
30.09.17 30.06.17 31.12.16
Balance sheet information £bn £bn £bn
Total assets 51.7 17.3 75.2
Risk weighted assets1 36.1 26.2 53.3
Period end allocated tangible equity 10.4 9.0 9.7
Nine months ended Nine months ended
Performance measures 30.09.17 30.09.16
Average allocated tangible equity (£bn) 9.0 6.3
1 Includes Africa Banking RWAs of £8.6bn (June 2017: £9.8bn; December 2016 £42.3bn).
Quarterly Results Summary
Barclays Group
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income 2,475 2,579 2,519 2,523 2,796 2,530 2,688 2,726
Net fee, commission and other income 2,698 2,479 3,304 2,469 2,650 3,442 2,353 1,722
Total income 5,173 5,058 5,823 4,992 5,446 5,972 5,041 4,448
Credit impairment charges and other provisions (709) (527) (527) (653) (789) (488) (443) (554)
Net operating income 4,464 4,531 5,296 4,339 4,657 5,484 4,598 3,894
Operating expenses excluding UK bank levy and litigation and conduct (3,274) (3,398) (3,591) (3,812) (3,581) (3,425) (3,747) (3,547)
UK bank levy - - - (410) - - - (426)
Litigation and conduct (81) (715) (28) (97) (741) (447) (78) (1,722)
Operating expenses (3,355) (4,113) (3,619) (4,319) (4,322) (3,872) (3,825) (5,695)
Other net (expenses)/income (2) 241 5 310 502 (342) 20 (274)
Profit/(loss) before tax 1,107 659 1,682 330 837 1,270 793 (2,075)
Tax (charge)/credit (324) (305) (473) 50 (328) (467) (248) (164)
Profit/(loss) after tax in respect of continuing operations 783 354 1,209 380 509 803 545 (2,239)
(Loss)/profit after tax in respect of discontinued operation - (1,537) (658) 71 209 145 166 101
Attributable to:
Ordinary equity holders of the parent 583 (1,401) 190 99 414 677 433 (2,422)
Other equity holders 157 162 139 139 110 104 104 107
Non-controlling interests 43 56 222 213 194 167 174 177
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Total assets 1,149.3 1,135.3 1,203.8 1,213.1 1,324.0 1,351.3 1,248.9 1,120.0
Risk weighted assets 324.3 327.4 360.9 365.6 373.4 366.3 363.0 358.4
CRR leverage exposure 1,150.6 1,122.1 1,196.9 1,125.5 1,185.1 1,155.4 1,082.0 1,027.8
Performance measures
Return on average tangible shareholders' equity 5.1% (11.0%) 1.8% 1.1% 3.6% 5.8% 3.8% (20.1%)
Average tangible shareholders' equity (£bn) 48.9 49.3 49.4 48.9 49.4 48.3 48.3 47.8
Cost: income ratio 65% 81% 62% 87% 79% 65% 76% 128%
Loan loss rate (bps) 66 49 47 58 66 41 40 53
Basic earnings/(loss) per share 3.7p (8.0p) 1.3p 0.8p 2.6p 4.2p 2.7p (14.4p)
Basic earnings/(loss) per share in respect of continuing operations 3.7p 1.0p 6.1p 1.1p 2.1p 3.8p 2.2p (14.4p)
Quarterly Results by Business
Barclays UK
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income 1,501 1,534 1,511 1,502 1,569 1,476 1,501 1,509
Net fee, commission and other income 351 286 330 326 374 467 302 325
Total income 1,852 1,820 1,841 1,828 1,943 1,943 1,803 1,834
Credit impairment charges and other provisions (201) (220) (178) (180) (350) (220) (146) (219)
Net operating income 1,651 1,600 1,663 1,648 1,593 1,723 1,657 1,615
Operating expenses excluding UK bank levy and litigation and conduct (980) (974) (959) (989) (904) (947) (952) (920)
UK bank levy - - - (48) - - - (77)
Litigation and conduct (11) (699) 4 (28) (614) (399) (1) (1,466)
Operating expenses (991) (1,673) (955) (1,065) (1,518) (1,346) (953) (2,463)
Other net income/(expenses) 1 (1) - - - (1) - 1
Profit/(loss) before tax 661 (74) 708 583 75 376 704 (847)
Attributable profit/(loss) 423 (285) 470 383 (163) 141 467 (1,078)
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Loans and advances to customers at amortised cost 182.2 166.6 164.5 166.4 166.6 166.0 166.2 166.1
Total assets 230.4 203.4 203.0 209.6 209.1 204.6 201.7 202.5
Customer deposits 189.3 187.4 184.4 189.0 185.5 181.7 179.1 176.8
Risk weighted assets 70.0 66.1 66.3 67.5 67.4 67.1 69.7 69.5
Performance measures
Return on average allocated tangible equity 18.4% (12.7%) 21.6% 18.2% (7.1%) 6.6% 20.5% (46.5%)
Average allocated tangible equity (£bn) 9.4 8.7 8.9 8.6 8.7 9.0 9.3 9.2
Cost: income ratio 54% 92% 52% 58% 78% 69% 53% 134%
Loan loss rate (bps) 43 52 43 42 82 52 34 51
Net interest margin 3.28% 3.70% 3.69% 3.56% 3.72% 3.56% 3.62% 3.58%
Analysis of Barclays UK
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Analysis of total income £m £m £m £m £m £m £m £m
Personal Banking 926 933 944 934 970 1,068 919 945
Barclaycard Consumer UK 539 495 498 507 561 463 491 505
Wealth, Entrepreneurs & Business Banking 387 392 399 387 412 412 393 384
Total income 1,852 1,820 1,841 1,828 1,943 1,943 1,803 1,834
Analysis of credit impairment charges and other provisions
Personal Banking (60) (56) (50) (50) (47) (44) (42) (39)
Barclaycard Consumer UK (145) (149) (123) (118) (291) (169) (105) (176)
Wealth, Entrepreneurs & Business Banking 4 (15) (5) (12) (12) (7) 1 (4)
Total credit impairment charges and other provisions (201) (220) (178) (180) (350) (220) (146) (219)
Analysis of loans and advances to customers at amortised cost £bn £bn £bn £bn £bn £bn £bn £bn
Personal Banking 138.4 136.5 134.4 135.0 135.3 134.7 134.7 134.0
Barclaycard Consumer UK 16.3 16.2 16.1 16.5 16.2 16.2 16.0 16.2
Wealth, Entrepreneurs & Business Banking 27.5 13.9 14.0 14.9 15.1 15.1 15.5 15.9
Total loans and advances to customers at amortised cost 182.2 166.6 164.5 166.4 166.6 166.0 166.2 166.1
Analysis of customer deposits
Personal Banking 140.1 138.5 137.3 139.3 137.2 134.8 132.9 131.0
Barclaycard Consumer UK - - - - - - - -
Wealth, Entrepreneurs & Business Banking 49.2 48.9 47.1 49.7 48.3 46.9 46.2 45.8
Total customer deposits 189.3 187.4 184.4 189.0 185.5 181.7 179.1 176.8
Barclays International
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income 1,148 1,060 1,112 1,046 1,355 1,001 1,110 1,121
Net trading income 815 1,039 1,182 1,131 1,074 1,130 1,245 593
Net fee, commission and other income 1,352 1,511 1,844 1,415 1,422 1,908 1,158 1,254
Total income 3,315 3,610 4,138 3,592 3,851 4,039 3,513 2,968
Credit impairment charges and other provisions (495) (279) (346) (426) (420) (240) (269) (303)
Net operating income 2,820 3,331 3,792 3,166 3,431 3,799 3,244 2,665
Operating expenses excluding UK bank levy and litigation and conduct (2,182) (2,276) (2,435) (2,497) (2,337) (2,074) (2,221) (2,007)
UK bank levy - - - (284) - - - (253)
Litigation and conduct (5) 4 (13) (17) (17) (10) (4) (151)
Operating expenses (2,187) (2,272) (2,448) (2,798) (2,354) (2,084) (2,225) (2,411)
Other net income 19 202 12 5 8 11 8 8
Profit before tax 652 1,261 1,356 373 1,085 1,726 1,027 262
Attributable profit/(loss) 359 819 837 43 623 1,171 575 (24)
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Loans and advances to banks and customers at amortised cost 220.7 204.8 226.1 211.3 233.7 230.6 215.9 184.1
Trading portfolio assets 91.2 83.3 83.0 73.2 73.8 68.1 64.3 61.9
Derivative financial instrument assets 242.8 108.4 105.3 156.2 155.6 181.4 150.1 111.5
Derivative financial instrument liabilities 242.9 116.8 112.8 160.6 160.5 187.5 155.4 119.0
Reverse repurchase agreements and other similar secured lending 15.5 17.2 17.6 13.4 17.3 19.7 19.1 24.7
Financial assets designated at fair value 103.7 94.1 81.3 62.3 72.0 68.3 59.6 46.8
Total assets 867.1 681.6 677.2 648.5 681.9 679.9 618.4 532.2
Customer deposits 241.0 230.3 241.0 216.2 224.1 226.5 213.1 185.6
Risk weighted assets 218.2 212.2 214.3 212.7 214.6 209.3 202.2 194.8
Performance measures
Return on average allocated tangible equity 5.4% 12.4% 12.5% 1.0% 10.0% 19.2% 9.5% (0.2%)
Average allocated tangible equity (£bn) 28.9 27.4 27.7 26.6 25.7 24.8 25.1 24.9
Cost: income ratio 66% 63% 59% 78% 61% 52% 63% 81%
Loan loss rate (bps) 88 54 62 78 71 41 50 65
Net interest margin 4.21% 4.07% 4.06% 3.91% 4.21% 3.92% 3.78% 3.79%
Analysis of Barclays International
Corporate and Investment Bank Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Analysis of total income
Credit 259 296 399 261 333 269 322 195
Equities 350 455 462 410 461 406 513 319
Macro 368 456 490 505 614 612 573 382
Markets 977 1,207 1,351 1,176 1,408 1,287 1,408 896
Banking fees 607 674 726 650 644 622 481 458
Corporate lending 277 278 269 303 284 312 296 312
Transactional banking 419 404 398 401 458 390 408 415
Banking 1,303 1,356 1,393 1,354 1,386 1,324 1,185 1,185
Other - 1 38 1 1 - 3 16
Total income 2,280 2,564 2,782 2,531 2,795 2,611 2,596 2,097
Credit impairment (charges)/releases and other provisions (36) 1 (51) (90) (38) (37) (95) (83)
Operating expenses (1,661) (1,756) (1,941) (2,287) (1,872) (1,665) (1,800) (1,962)
Other net income 10 116 - 1 - - - -
Profit before tax 593 925 790 155 885 909 701 52
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Loans and advances to banks and customers at amortised cost 181.7 166.3 187.4 171.6 196.9 195.2 183.0 152.0
Customer deposits 182.7 173.0 183.4 166.2 175.8 179.6 168.9 143.8
Risk weighted assets 185.2 178.9 180.6 178.6 182.5 178.4 172.6 167.3
Performance measures
Return on average allocated tangible equity 5.9% 11.1% 8.2% (1.2%) 9.2% 9.5% 7.3% (2.5%)
Average allocated tangible equity (£bn) 24.8 23.3 23.5 22.6 21.9 21.3 21.6 21.8
Consumer, Cards and Payments
Income statement information £m £m £m £m £m £m £m £m
Total income 1,035 1,046 1,356 1,061 1,056 1,428 917 871
Credit impairment charges and other provisions (459) (280) (295) (336) (382) (203) (174) (219)
Operating expenses (526) (516) (507) (511) (482) (419) (425) (449)
Other net income 9 86 12 4 8 11 8 8
Profit before tax 59 336 566 218 200 817 326 210
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Loans and advances to banks and customers at amortised cost 39.0 38.5 38.7 39.7 36.8 35.4 32.9 32.1
Customer deposits 58.3 57.3 57.6 50.0 48.3 46.9 44.2 41.8
Risk weighted assets 33.0 33.3 33.7 34.1 32.1 30.9 29.6 27.5
Performance measures
Return on average allocated tangible equity 2.2% 19.4% 36.4% 13.2% 14.8% 77.9% 23.4% 15.3%
Average allocated tangible equity (£bn) 4.2 4.1 4.2 4.0 3.7 3.5 3.4 3.2
Head Office
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income (174) 108 (115) 29 (206) 14 (20) (75)
Net fee, commission and other income1 180 (24) 33 (38) 17 320 (13) (210)
Total income 6 84 (82) (9) (189) 334 (33) (285)
Credit impairment (charges)/releases and other provisions (13) (1) - - 1 (2) 1 -
Net operating (expenses)/income (7) 83 (82) (9) (188) 332 (32) (285)
Operating expenses excluding UK bank levy and litigation and conduct (112) (40) (49) 15 (29) (36) (85) (64)
UK bank levy - - - (2) - - - (8)
Litigation and conduct (65) (1) (10) (1) (8) (11) (7) (17)
Operating expenses (177) (41) (59) 12 (37) (47) (92) (89)
Other net (expenses)/income (22) (164) - 159 (4) (28) 1 (14)
(Loss)/profit before tax (206) (122) (141) 162 (229) 257 (123) (388)
Attributable (loss)/profit (199) (175) (123) 223 (203) 182 (92) (140)
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Total assets 51.7 17.3 74.5 75.2 73.3 87.7 63.4 59.4
Risk weighted assets2 36.1 26.2 52.9 53.3 47.5 43.2 40.3 39.7
Performance measures
Average allocated tangible equity (£bn) 10.5 8.8 7.6 7.2 7.4 6.6 5.0 3.9
1 Following the early adoption of the own credit provisions of IFRS 9 on 1 January 2017, own credit, which was previously reported in net fee, commission and other income, is now recognised within other comprehensive income from Q117.
2 Includes Africa Banking RWAs.
Barclays Non-Core Results
The Non-Core segment was closed on 1 July 2017 with the residual assets and liabilities reintegrated into, and associated
financial performance subsequently reported in, Barclays UK, Barclays International and Head Office. Financial results up
until 30 June 2017 are reflected in the Non-Core segment within the Group's results for the nine months ended 30 September
2017.
Barclays Non-Core Six months ended Nine months ended
30.06.17 30.09.16
Income statement information £m £m
Net interest income (112) 214
Net trading income (488) (1,241)
Net fee, commission and other income 70 282
Total income (530) (745)
Credit impairment charges and other provisions (30) (75)
Net operating expenses (560) (820)
Operating expenses excluding litigation and conduct (256) (1,168)
Litigation and conduct (28) (195)
Operating expenses (284) (1,363)
Other net income 197 185
Loss before tax (647) (1,998)
Attributable loss (419) (1,418)
Q317 Q217 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income - (123) 11 (54) 78 40 96 171
Net trading income - (411) (77) (462) (288) (463) (490) (398)
Net fee, commission and other income - 78 (8) 97 51 79 152 159
Total income - (456) (74) (419) (159) (344) (242) (68)
Credit impairment charges and other provisions - (27) (3) (47) (20) (26) (29) (32)
Net operating expenses - (483) (77) (466) (179) (370) (271) (100)
Operating expenses excluding UK bank levy and litigation and conduct - (108) (148) (341) (311) (368) (489) (555)
UK bank levy - - - (76) - - - (88)
Litigation and conduct - (19) (9) (51) (102) (27) (66) (89)
Operating expenses - (127) (157) (468) (413) (395) (555) (732)
Other net income/(expenses) - 204 (7) 146 498 (324) 11 (268)
Loss before tax - (406) (241) (788) (94) (1,089) (815) (1,100)
Tax credit/(charge) - 207 75 322 194 229 237 (72)
(Loss)/profit after tax - (199) (166) (466) 100 (860) (578) (1,172)
Non-controlling interests - (8) (9) (14) (13) (12) (10) (19)
Other equity holders - (19) (18) (18) (15) (15) (15) (17)
Attributable (loss)/profit - (226) (193) (498) 72 (887) (603) (1,208)
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Loans and advances to banks and customers at amortised cost - 48.3 49.5 51.1 58.7 68.5 55.4 51.8
Derivative financial instrument assets - 150.3 164.2 188.7 253.2 262.8 249.7 213.7
Derivative financial instrument liabilities - 143.0 155.3 178.6 243.0 253.4 239.1 202.1
Reverse repurchase agreements and other similar secured lending - - - 0.1 0.1 0.1 0.7 3.1
Financial assets designated at fair value - 12.1 13.4 14.5 15.5 15.4 23.4 21.4
Total assets - 233.0 249.1 279.7 359.8 379.1 365.4 325.8
Customer deposits - 11.8 12.9 12.5 16.0 17.4 19.3 20.9
Risk weighted assets - 22.8 27.4 32.1 43.9 46.7 50.9 54.3
Discontinued Operation Results
On 1 March 2016, Barclays announced its intention to reduce the Group's 62.3% interest in BAGL to a level which would
permit Barclays to deconsolidate BAGL from a regulatory perspective and, prior to that, from an accounting perspective.
From this date, BAGL was treated as a discontinued operation. On 5 May 2016, Barclays sold 12.2% of the Group's interest in
BAGL and on 1 June 2017 Barclays sold a further 33.7% of BAGL's issued share capital, resulting in the accounting
deconsolidation of BAGL from the Barclays Group. As a result, as of 1 June 2017 BAGL was consequently no longer reported as
a discontinued operation. The retained investment is reported in the Head Office segment, with Barclays' share of BAGL's
dividend recognised in the Head Office income statement.
In Q317 Barclays contributed 1.5% of BAGL's ordinary shares to a Black Economic Empowerment scheme, resulting in Barclays
accounting for 126 million ordinary shares in BAGL, representing 14.9% of BAGL's issued share capital, at 30 September
2017.
For regulatory reporting purposes, BAGL is treated on a proportional consolidated basis based on a holding of 21.9%.
Barclays expects to proportionally consolidate BAGL based on a holding of 14.9% by 31 December 2017, following the expected
delivery of 7.0% of BAGL's issued share capital as previously contracted. Subject to regulatory approval, Barclays expects
to fully deconsolidate BAGL from a regulatory perspective by the end of 2018.
Africa Banking Nine months ended Nine months ended
30.09.171 30.09.16
Income statement information £m £m
Net interest income 1,024 1,543
Net fee, commission and other income 762 1,136
Total income 1,786 2,679
Credit impairment charges and other provisions (177) (340)
Net operating income 1,609 2,339
Operating expenses excluding impairment of Barclays' holding in BAGL (1,130) (1,618)
Other net income excluding loss on sale of BAGL 5 4
Profit before tax excluding impairment of Barclays' holding in BAGL and loss on sale of BAGL 484 725
Impairment of Barclays' holding in BAGL (1,090) -
Loss on sale of BAGL (1,435) -
(Loss)/profit before tax (2,041) 725
Tax charge (154) (205)
(Loss)/profit after tax (2,195) 520
Attributable (loss)/profit (2,335) 240
1 The Africa Banking income statement represents five months of results as a discontinued operation to 31 May 2017.
Q317 Q2171 Q117 Q416 Q316 Q216 Q116 Q415
Income statement information £m £m £m £m £m £m £m £m
Net interest income - 407 617 626 561 502 480 468
Net fee, commission and other income - 297 465 441 421 377 338 346
Total income - 704 1,082 1,067 982 879 818 814
Credit impairment charges and other provisions - (71) (106) (105) (96) (133) (111) (93)
Net operating income - 633 976 962 886 746 707 721
Operating expenses excluding UK bank levy and impairment of Barclays' holding in BAGL - (477) (653) (727) (598) (543) (477) (501)
UK bank levy - - - (65) - - - (50)
Other net income excluding loss on sale of BAGL - 3 2 2 2 1 1 3
Profit before tax excluding impairment of Barclays' holding in BAGL and loss on sale of BAGL - 159 325 172 290 204 231 173
Impairment of Barclays' holding in BAGL - (206) (884) - - - - -
Loss on sale of BAGL - (1,435) - - - - - -
(Loss)/profit before tax - (1,482) (559) 172 290 204 231 173
(Loss)/profit after tax - (1,537) (658) 71 209 145 166 101
Attributable (loss)/profit - (1,534) (801) (52) 85 70 86 25
Balance sheet information £bn £bn £bn £bn £bn £bn £bn £bn
Total assets - - 66.0 65.1 61.1 56.0 52.7 47.9
Risk weighted assets2 - 9.8 41.3 42.3 39.9 36.1 33.9 31.7
1 The Q217 Africa Banking income statement represents two months of results as a discontinued operation to 31 May 2017.
2 RWAs are reported in Head Office.
Performance Management
Margins and balances
Nine months ended 30.09.17 Nine months ended 30.09.16
Net interest income Average customer assets Net interest margin Net interest income Average customer assets Net interest margin
£m £m % £m £m %
Barclays UK 4,546 171,279 3.55 4,546 167,306 3.63
Barclays International1 3,255 106,183 4.10 3,165 105,507 4.01
Total Barclays UK and Barclays International 7,801 277,462 3.76 7,711 272,813 3.78
Other2 (228) 303
Total net interest income3 7,573 8,014
1 Barclays International margins include interest earning lending balances within the investment banking business.
2 Other includes Head Office and non-lending related investment banking balances. Barclays Non-Core is included for the full comparative period and the first six months of the current period.
3 Group net interest income includes net structural hedge contributions of £1.1bn (Q316 YTD: £1.0bn).
Quarterly analysis for Barclays UK and Barclays International Three months ended 30.09.17
Net interest income Average customer assets Net interest margin
£m £m %
Barclays UK 1,501 181,419 3.28
Barclays International1 1,070 100,828 4.21
Total Barclays UK and Barclays International 2,571 282,247 3.61
Three months ended 30.06.17
Barclays UK 1,534 166,345 3.70
Barclays International1 1,064 104,899 4.07
Total Barclays UK and Barclays International 2,598 271,244 3.84
Three months ended 31.03.17
Barclays UK 1,511 166,065 3.69
Barclays International1 1,121 112,060 4.06
Total Barclays UK and Barclays International 2,632 278,125 3.84
Three months ended 31.12.16
Barclays UK 1,502 167,935 3.56
Barclays International1 1,110 112,936 3.91
Total Barclays UK and Barclays International 2,612 280,871 3.70
Three months ended 30.09.16
Barclays UK 1,569 167,713 3.72
Barclays International1 1,149 108,571 4.21
Total Barclays UK and Barclays International 2,718 276,284 3.91
1 Barclays International margins include interest earning lending balances within the investment banking business.
Credit Risk
Analysis of retail and wholesale loans and advances and impairment
Grossloans and advances Impairment allowance Loans and advances Creditrisk loans CRLs % of gross loans and advances Loan impairment charges1 Loan loss rates
net of impairment
As at 30.09.17 £m £m £m £m % £m bps
Barclays UK 157,171 1,638 155,533 1,854 1.2 584 50
Barclays International 31,561 1,713 29,848 1,231 3.9 1,048 444
Head Office 9,537 291 9,246 713 7.5 11 15
Barclays Non-Core2 - - - - - 30 -
Total Group retail 198,269 3,642 194,627 3,798 1.9 1,673 113
Barclays UK 28,740 261 28,479 576 2.0 15 7
Barclays International 191,566 742 190,824 1,609 0.8 69 5
Head Office 7,595 118 7,477 210 2.8 4 7
Barclays Non-Core2 - - - - - (1) -
Total Group
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