巴克萊上半年業績強勁，收入升11%至165億英鎊，上調全年收入指引

6-K
1
a0595o.htm
HALF-YEAR FINANCIAL REPORT

a0595o

UNITED STATESECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

July
28, 2026

 

Barclays PLC

(Name
of Registrant)

 

1 Churchill Place

London E14 5HP

England

(Address
of Principal Executive Office)

 

Indicate
by check mark whether the registrant files or will file annual
reports

under
cover of Form 20-F or Form 40-F.

 

Form
20-F x Form 40-F

 

This
Report on Form 6-K is filed by Barclays PLC.

 

This
Report comprises:

 

Information
given to The London Stock Exchange and furnished pursuant
to

General
Instruction B to the General Instructions to Form 6-K.

 

 

 

 

 

 

SIGNATURES

 

 

 

Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

 

 

 

BARCLAYS
PLC

 

(Registrant)

 

 

 

Date:
July 28, 2026

 

 

 

By: /s/
Garth Wright

--------------------------------

 

Garth
Wright

 

Assistant
Secretary

 

 

 

 

 

Barclays PLC

 

Interim Results Announcement

 

30 June 2026

 

Table of Contents

 

Results Announcement

Page

 

 

Notes

1

 

 

Performance Highlights

2

 

 

Group Finance Director's Review

5

 

 

Results by Business

 

 

 

●  Barclays UK

7

 

 

●  Barclays UK Corporate Bank

9

 

 

●  Barclays Private Bank and Wealth
Management

10

 

 

●  Barclays Investment Bank

11

 

 

●  Barclays US Consumer Bank

13

 

 

● Head Office

15

 

 

Quarterly Results Summary

16

 

 

Quarterly Results by Business

17

 

 

Performance Management

 

 

 

●  Margins and Balances

24

 

 

Risk Management

 

 

 

● 
Risk Management and Principal Risks

26

 

 

● 
Credit Risk

27

 

 

● 
Market Risk

48

 

 

● 
Treasury and Capital Risk

49

 

 

Statement of Directors' Responsibilities

59

 

 

Independent Review Report to Barclays PLC

60

 

 

Condensed Consolidated Financial Statements

62

 

 

Financial Statement Notes

68

 

 

Appendix: Non-IFRS Performance Measures

88

 

 

Shareholder Information

97

 

BARCLAYS
PLC, 1 CHURCHILL PLACE, LONDON, E14 5HP, UNITED KINGDOM. TELEPHONE:
+44 (0) 20 7116 1000. COMPANY NO. 48839.

 

Notes

 

The terms Barclays and Group refer to Barclays PLC together with
its subsidiaries. Unless otherwise stated, the income statement
analysis compares the six months ended 30 June 2026 to the
corresponding six months of 2025 and balance sheet analysis as at
30 June 2026 with comparatives relating to 31 December 2025
and 30 June 2025. 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 the
abbreviations '€m' and '€bn' represent millions and
thousands of millions of Euros respectively.

 

There are a number of key judgement areas, for example impairment
calculations, which are based on models and which are subject to
ongoing adjustment and modifications. Reported numbers reflect best
estimates and judgements at the given point in time.

 

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,
which can be accessed at home.barclays/investor-relations.

 

The information in this announcement, which was approved by the
Board of Directors on 27 July 2026, does not comprise
statutory accounts within the meaning of Section 434 of the
Companies Act 2006. Statutory accounts for the year ended
31 December 2025, which contain an unmodified audit report
under Section 495 of the Companies Act 2006 (which does 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 on Form 6-K to the US Securities
and Exchange Commission (SEC) as soon as practicable following
publication of this document. Once furnished to the SEC, a copy of
the Form 6-K will be available from the SEC's website
at www.sec.gov.

 

Barclays is a frequent issuer in the debt capital markets and
regularly meets with investors via formal roadshows 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.

 

Non-IFRS performance measures

Barclays' management believes that the non-IFRS performance
measures included in this document provide valuable information to
the readers of the financial statements as they enable the reader
to identify a more consistent basis for comparing the businesses'
performance between financial periods and provide more detail
concerning the elements of performance which the managers of these
businesses are most directly able to influence or are relevant for
an assessment of the Group. They also reflect an important aspect
of the way in which operating targets are defined and performance
is monitored by Barclays' management. However, any non-IFRS
performance measures in this document are not a substitute for IFRS
measures and readers should consider the IFRS measures as well.
Refer to the appendix on pages 85 to 93 for definitions and
calculations of non-IFRS performance measures included throughout
this document, and reconciliations to the most directly comparable
IFRS measures.

 

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. 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. Forward-looking statements can be made in writing
but also may be made verbally by directors, officers and employees
of the Group (including during management presentations) in
connection with this document. Examples of forward-looking
statements include, among others, statements or guidance regarding
or relating to the Group's future financial position, business
strategy, income levels, costs, assets and liabilities, impairment
charges, provisions, capital leverage and other regulatory ratios,
capital distributions (including policy on dividends and share
buybacks), return on tangible equity, projected levels of growth in
banking and financial markets, industry trends, any commitments and
targets (including sustainability-related commitments and targets),
plans and objectives for future operations, International Financial
Reporting Standards ("IFRS") and other statements that are not
historical or current facts. By their nature, forward-looking
statements involve risk and uncertainty because they relate to
future events and circumstances. Forward-looking statements speak
only as at the date on which they are made. Forward-looking
statements may be affected by a number of factors, including,
without limitation: changes in legislation, regulations,
governmental and regulatory policies, expectations and actions,
voluntary codes of practices and the interpretation thereof,
changes in IFRS and other accounting standards, including practices
with regard to the interpretation and application thereof and
emerging and developing sustainability reporting standards
(including emissions accounting methodologies); changes in tax laws
and practice; the outcome of current and future legal proceedings
and regulatory investigations; the Group's ability along with
governments and other stakeholders to measure, manage and mitigate
the impacts of climate change effectively or navigate
inconsistencies and conflicts in the manner in which climate policy
is implemented in the regions where the Group operates, including
as a result of the adoption of rules and regulations taking a
different or opposing position on sustainability matters, or other
forms of governmental and regulatory action against sustainability
policies; environmental, social and geopolitical risks and
incidents and similar events beyond the Group's control; financial
crime; the impact of competition in the banking and financial
services industry; capital, liquidity, leverage and other
regulatory rules and requirements applicable to past, current and
future periods; UK, US, Eurozone and global macroeconomic and
business conditions, including inflation; volatility in credit and
capital markets; market related risks such as changes in interest
rates and foreign exchange rates; reforms to benchmark interest
rates and indices; higher or lower asset valuations; changes in
credit ratings of any entity within the Group or any securities
issued by it; changes in counterparty risk; changes in consumer
behaviour; changes in trade policy, including the imposition of
tariffs or other protectionist measures; the direct and indirect
consequences of the conflicts in the Middle East and Ukraine on
European and global macroeconomic conditions, political stability
and financial markets; changes in US legislation and policy;
developments in the UK's relationship with the European Union; the
risk of cyberattacks, information or security breaches, technology
failures or operational disruptions and any subsequent impact on
the Group's reputation, business or operations; the use of new
technology, including artificial intelligence; the Group's ability
to access funding; and the success of acquisitions, disposals,
joint ventures and other strategic transactions. A number of these
factors are beyond the Group's control. As a result, the Group's
actual financial position, results, financial and non-financial
metrics or performance measures or its ability to meet commitments
and targets may differ materially from the statements or guidance
set forth in the Group's forward-looking statements. In setting its
targets and outlook for the period 2026-2028, Barclays has made
certain assumptions about the macroeconomic environment, including,
without limitation, inflation, interest and unemployment rates, the
different markets and competitive conditions in which Barclays
operates, and its ability to grow certain businesses and achieve
costs savings and other structural actions. Additional risks and
factors which may impact the Group's future financial condition and
performance are identified in Barclays PLC's filings with the US
Securities and Exchange Commission ("SEC") (including, without
limitation, Barclays PLC's Annual Report on Form 20-F for the
financial year ended 31 December 2025), which are available on the
SEC's website at www.sec.gov.

 

Subject to Barclays PLC's obligations under the applicable laws and
regulations of any relevant jurisdiction (including, without
limitation, the UK and the US) 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.

 

Performance Highlights

 

Barclays delivered a return on tangible equity (RoTE) of 14.8% in
H126, announced £2.3bn total capital distributions, and is on
track to deliver its 2026 and 2028 targets

 

C. S. Venkatakrishnan, Group Chief Executive,
commented

"I am pleased with another strong quarter for Barclays. Income for
Q226 is £8.3bn, up £1.2bn from the same quarter last
year. Profit before tax is £3.3bn, up 31% in the same period.
Our earnings per share (EPS) has increased 43% to 16.7p, and our
cost: income ratio improved to 54% from 59% a year earlier. We have
a robust common equity tier 1 (CET1) ratio of 14.3%, above our 13%
to 14% target range. We also delivered a RoTE of 16.1%. We
continued deploying balance sheet in the UK, with year-on-year loan
growth of 5%, and the Investment Bank performed well in a
favourable environment, with a RoTE of 16.0%. Our performance
supports distributions of £2.3bn for the first half of 2026,
up 61% year-on-year. This includes a £1.0bn buyback and a
c.£0.8bn dividend announced today. We are upgrading the 2026
Group income target to c.£31.5bn and remain committed to, and
confident in, delivering all financial and distribution targets for
2026 and 2028."

 

●

 

H126
Group RoTE of 14.8% (H125: 13.2%) and Q226 Group RoTE of 16.1%
(Q225: 12.3%)

 

-

 

All
divisions delivered double-digit RoTE for H126 and
Q226

●

 

H126
EPS of 30.7p (H125: 24.7p) and Q226 EPS of 16.7p (Q225:
11.7p)

●

 

2026
Group income target increased to c.£31.5bn (from
c.£31bn)

 

-

 

2026
Group net interest income (NII) excluding Barclays Investment Bank
and Head Office increased to greater than £13.7bn (from
greater than £13.5bn)

●

 

Strong
CET1 ratio of 14.3% and announced intention to initiate a share
buyback of up to £1.0bn for Q226, and a dividend of 5.9p per
share for H126 (H125: 3.0p)

●

 

5%
growth in UK lending balances year-on-year in H126

 

-

 

Delivered £25bn of c.£30bn planned UK
risk weighted assets (RWAs) growth since 20241 (£3bn
in Q226), of which £18bn was organic
growth

 

Key financial metrics:

 

Income

Profit before tax

Attributable profit

Cost: income ratio

LLR

RoTE

EPS

TNAV per share

CET1 ratio

Total capital
return2

Q226

£8.3bn

£3.3bn

£2.3bn

54%

51bps

16.1%

16.7p

423p

14.3%

£2.3bn

H126

£16.5bn

£6.1bn

£4.2bn

55%

62bps

14.8%

30.7p

 

Q226 Performance highlights:

 

●

 

Group RoTE was 16.1% (Q225: 12.3%) with profit before tax of
£3.3bn (Q225: £2.5bn)

 

●

 

Group income of £8.3bn increased 16%
year-on-year.
Group NII excluding IB and Head Office was £3.4bn, up
10% year-on-year

 

 

-

 

Barclays UK income increased 7%, as higher structural hedge income
was partially offset by retail deposit dynamics and mortgage margin
compression

 

 

-

 

Barclays UK Corporate Bank (UKCB) income increased 8%, reflecting
higher average deposit and lending balances, and higher structural
hedge income

 

 

-

 

Barclays Private Bank and Wealth Management (PBWM) income increased
5%, reflecting growth in client balances, partially offset by the
impact of deposit mix

 

 

-

 

Barclays Investment Bank (IB) income increased 20%, driven by
Global Markets and Investment Banking fees

 

 

-

 

Barclays US Consumer Bank (USCB) income increased 38%, driven by
portfolio changes including a c.£225m gain from the sale of
the American Airlines co-branded credit cards portfolio (AA
portfolio) and the impact of the Best Egg Inc. (Best Egg)
acquisition

 

●

 

Group total operating expenses were £4.5bn, up 7%
year-on-year

 

-

 

Group
operating costs increased to £4.5bn (Q225: £4.1bn),
reflecting business growth (including higher performance costs),
inflation and further investment spend (including the Best Egg
acquisition), partially offset by c.£200m of cost efficiency
savings

●

 

Credit impairment charges were
£0.6bn (Q225: £0.5bn)
with an LLR of 51bps (Q225: 44bps)

 

1

Represents RWAs from business growth in Barclays UK, UK Corporate
Bank and Private Bank and Wealth Management since January 2024,
excluding the effects of securitisations, model updates and other
methodological changes. Also excludes additional Operational Risk
RWAs related to organic growth.

2

H126 total capital return: includes the £500m buyback
announced at Q126 Results in addition to the £1.0bn buyback
and c.£0.8bn dividend announced at H126 Results.

 

H126 Performance highlights:

 

●

 

Group RoTE was 14.8% (H125: 13.2%) with profit before tax of
£6.1bn (H125: £5.2bn)

 

●

 

Group income of £16.5bn increased 11% year-on-year. Group NII
excluding IB and Head Office was £6.8bn, up 11%
year-on-year

 

●

 

Group total operating expenses were £9.1bn, up 6%
year-on-year

 

 

-

 

Group operating costs increased 6% to £8.9bn, reflecting
business growth (including higher performance costs), inflation,
and further investment spend (including the Best Egg acquisition),
partially offset by c.£350m of cost efficiency savings and FX
movements

 

 

-

 

Litigation and conduct charges of £0.1bn primarily reflected
an increase in the provision for the UK Financial Conduct Authority
(FCA) motor finance redress scheme in Q126

 

●

 

Credit impairment charges were £1.4bn (H125:
£1.1bn) with
an LLR of 62bps (H125: 52bps), including a £0.2bn single name
charge in the IB in Q126

 

●

 

Strong balance sheet with CET1 ratio of 14.3% (December 2025:
14.3%), with
RWAs of £364.8bn (December 2025:
£356.8bn)

 

 

-

 

Taking into account the impact of the £1.0bn share buyback
announced today, the CET1 ratio as of 30 June 2026 would be reduced
to 14.0%, at the top-end of the 13-14% range

 

●

 

Tangible net asset value (TNAV) per share of 423p (December 2025:
409p)

 

 

Group financial
targets1:

2026 targets

●

 

Returns: Group RoTE of greater
than 12%

 

●

 

Capital returns2: plan
to return at least £10bn of capital to shareholders between
2024 and 2026, through dividends and share buybacks, with a
continued preference for buybacks

 

 

-

 

Progressive increase in total capital returns versus
2025

 

 

-

 

Share buybacks announced quarterly

 

 

-

 

Dividends to be paid semi-annually, including planned £2bn
dividend for 2026

 

●

 

Income: Group total income of c.£31.5bn

 

 

-

 

Group NII excluding IB and Head Office greater than £13.7bn
and Barclays UK NII around the middle of the £8.1bn -
£8.3bn guided range

●

 

Costs: Group
cost: income ratio of high 50s in percentage
terms

 

●

 

Impairment: expect Group LLR to
be around the top of the 50-60bps through the cycle
range

 

●

 

Capital: CET1 ratio target
range of 13-14%

 

 

-

 

IB RWAs mid 50s% of Group RWAs

 

 

-

 

Impact of regulatory change on RWAs in line with our prior guidance
of c.£19-26bn

 

 

 

-

 

c.£8-15bn RWAs from Basel 3.1, with
implementation expected from 1 January 20273

 

 

 

-

 

c.£11bn RWAs from USCB moving to an Internal Ratings Based
(IRB) model, subject to portfolio changes and regulatory approval,
expected in H2 2027

 

 

 

-

 

Expect Pillar 2A capital to reduce upon implementation of Basel 3.1
and USCB IRB

 

 

 

 

 

 

 

 

2028 targets

●

 

Returns: Group RoTE of greater
than 14%

 

●

 

Capital returns2: plan
to return greater than £15bn of capital to shareholders
between 2026 and 2028, through dividends and share buybacks. This
provides capacity for additional investment and growth, exceeding
the level of investment in the current plan

 

●

 

Income: greater
than 5% compound annual growth rate (CAGR)
2025-2028

 

●

 

Costs: Group
cost: income ratio of low 50s in percentage terms. Cost target
includes total gross efficiency savings of greater
than £2bn in 2026-2028

 

●

 

Impairment: expect Group LLR of
50-60bps through the cycle

 

●

 

Capital: CET1 ratio target
range of 13-14%

 

 

-

 

IB RWAs of c.50% of Group RWAs

 

1

Our targets and guidance are based on management's current
expectations as to the macroeconomic environment and the business
and may be subject to change.

2

This multi-year plan is subject to supervisory and Board approvals,
anticipated financial performance and our published CET1 ratio
target range of 13-14%.

3

Fundamental review of the trading book (FRTB) impact mostly
expected in 2027.

 

Barclays Group results

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

 

£m

£m

% Change

 

£m

£m

% Change

Barclays UK

4,517

4,193

8

 

2,259

2,119

7

Barclays UK Corporate Bank

1,088

1,003

8

 

558

519

8

Barclays Private Bank and Wealth Management

713

697

2

 

366

348

5

Barclays Investment Bank

7,986

7,180

11

 

3,958

3,307

20

Barclays US Consumer Bank

2,119

1,687

26

 

1,136

823

38

Head Office

78

136

(43)

 

61

71

(14)

Total income

16,501

14,896

11

 

8,338

7,187

16

Operating costs

(8,873)

(8,407)

(6)

 

(4,514)

(4,149)

(9)

UK regulatory levies

(84)

(96)

13

 

-

-

 

Litigation and conduct

(108)

(87)

(24)

 

(4)

(76)

95

Total operating expenses

(9,065)

(8,590)

(6)

 

(4,518)

(4,225)

(7)

Other net income/(expense)

24

9

 

 

3

(9)

 

Profit before impairment

7,460

6,315

18

 

3,823

2,953

29

Credit impairment charges

(1,394)

(1,112)

(25)

 

(571)

(469)

(22)

Profit before tax

6,066

5,203

17

 

3,252

2,484

31

Tax charge

(1,369)

(1,173)

(17)

 

(731)

(552)

(32)

Profit after tax

4,697

4,030

17

 

2,521

1,932

30

Non-controlling interests

(19)

(23)

17

 

(19)

(21)

10

Other equity instrument holders

(487)

(484)

(1)

 

(243)

(252)

4

Attributable profit

4,191

3,523

19

 

2,259

1,659

36

 

 

 

 

 

 

 

 

Performance measures

 

 

 

 

 

 

 

Return on average tangible shareholders' equity

14.8%

13.2%

 

 

16.1%

12.3%

 

Average tangible shareholders' equity (£bn)

56.7

53.5

 

 

56.1

53.9

 

Cost: income ratio

55%

58%

 

 

54%

59%

 

Loan loss rate (bps)

62

52

 

 

51

44

 

Basic earnings per ordinary share

30.7p

24.7p

24

 

16.7p

11.7p

43

Dividend per ordinary share

5.9p

3.0p

97

 

 

 

 

Share buybacks announced (£m)

1,500

1,000

50

 

1,000

1,000

-

Total payout equivalent per share

c.16.9p

c.10.1p

69

 

 

 

 

Basic weighted average number of shares (m)

13,645

14,262

(4)

 

13,565

14,211

(5)

Period end number of shares (m)

13,507

14,180

(5)

 

 

 

 

Period end tangible shareholders' equity (£bn)

57.2

54.5

 

 

 

 

 

 

 

As at 30.06.26

As at 31.12.25

As at 30.06.25

Balance sheet and capital
management1

£bn

£bn

£bn

Loans and advances at amortised cost

444.8

430.0

417.8

Loans and advances at amortised cost impairment coverage
ratio

1.2%

1.2%

1.2%

Total assets

1,730.4

1,544.2

1,598.7

Deposits at amortised cost

594.4

585.6

564.5

Tangible net asset value per share

423p

409p

384p

Common equity tier 1 ratio

14.3%

14.3%

14.0%

Common equity tier 1 capital

52.2

51.1

49.5

Risk weighted assets

364.8

356.8

353.0

UK leverage ratio

4.9%

5.1%

5.0%

UK leverage exposure

1,345.6

1,247.3

1,259.8

 

 

 

 

Funding and liquidity

 

 

 

Group liquidity pool (£bn)

346.7

337.8

333.7

Liquidity coverage ratio2

157.7%

170.0%

177.7%

Net stable funding ratio3

135.8%

135.2%

135.6%

Loan: deposit ratio

75%

73%

74%

 

1

Refer to pages 54 to 58 for further information on how capital,
RWAs and leverage are calculated.

2

Represents average of the last 12 spot month end
ratios.

3

Represents average of the last four spot quarter end
positions.

 

Group Finance Director's Review

 

H126 Group performance

  
Other matters

●

 

Barclays delivered a profit before tax of £6,066m (H125:
£5,203m), RoTE of 14.8% (H125: 13.2%) and EPS of 30.7p (H125:
24.7p)

●

 

The Group has a diverse income profile across businesses and
geographies. The
4% year-on-year appreciation of average GBP against USD negatively
impacted income and profits, and positively impacted credit
impairment charges and total operating expenses

 

●

 

Group income increased 11% to £16,501m, due
to higher income in Global Markets and Investment Banking fees,
higher structural hedge income and the c.£225m gain from the
sale of the AA portfolio

 

●

 

Group total operating expenses increased to £9,065m (H125:
£8,590m)

 

 

-

 

Group
operating costs increased 6% to £8,873m, reflecting business
growth (including higher performance costs), inflation, and further
investment spend (including the Best Egg acquisition), partially
offset by c.£350m of cost efficiency savings and FX
movements

 

-

 

Litigation
and conduct charges of £108m primarily reflected a £105m
increase in the provision for the FCA motor finance redress scheme
in Q126

●

 

Credit impairment charges increased to £1,394m (H125:
£1,112m), primarily
driven by a single name charge of £228m in IB in Q126. Total
coverage ratio remained stable at 1.2% (December 2025:
1.2%)

 

●

 

The effective tax rate (ETR) was 22.6% (H125: 22.5%)

 

●

 

Attributable profit was £4,191m (H125:
£3,523m)

 

●

 

Total assets increased to £1,730.4bn (December 2025:
£1,544.2bn) driven
by higher trading activity in IB, growth in the liquidity pool and
higher lending across the Group

 

●

 

TNAV per share increased to 423p (December 2025:
409p) as
EPS of 30.7p was partially offset by a 6p negative movement in the
cash flow hedging reserve, a 6p reduction from FY25 dividends paid
in Q126, and a 6p reduction from share awards vesting in
Q126

 

 

Group capital and leverage

 

●

 

The
CET1 ratio remained stable at 14.3% (December 2025: 14.3%). Taking
into account the impact of the £1.0bn share buyback announced
today, the CET1 ratio as of 30 June 2026 would be reduced to 14.0%
(at the top end of the 13-14% target range)

●

 

Q226
USCB sale of the AA portfolio and acquisition of Best Egg resulted
in a marginal increase in the CET1 ratio with a net release of
£3.2bn RWAs partially offset by a £0.2bn decrease in CET1
capital, reflecting the c.£225m gain on sale of the AA
portfolio offset by £0.5bn of goodwill and intangibles from
the Best Egg acquisition. Excluding the impacts of these changes,
other movements were:

 

-

 

108bps increase from attributable profit

 

 

-

 

68bps decrease driven by shareholder distributions including the
now completed £1.5bn total share buybacks announced with FY25
and Q126 results, and the accrual for the total 2026
dividend

 

 

-

 

40bps decrease due to a £9.8bn increase in RWAs, excluding the
impact of foreign exchange movements, primarily driven by lending
growth in UK businesses and higher activity in Global
Markets

 

 

-

 

A £0.2bn increase in CET1 capital due to an increase in the
currency translation reserve was offset by a £1.3bn increase
in RWAs as a result of foreign exchange movements

 

 

-

 

108bps increase from attributable profit

 

●

The
UK leverage ratio decreased to 4.9% (December 2025: 5.1%) as
leverage exposure increased by £98.3bn to £1,345.6bn
(December 2025: £1,247.3bn). The increase in leverage exposure
was primarily driven by higher trading activity in IB

 

Group funding and liquidity

 

●

 

The liquidity metrics remain above regulatory requirements,
underpinned by well-diversified sources of funding, a stable global
deposit franchise and a highly liquid balance sheet

 

●

 

The liquidity pool was £346.7bn, an increase of £8.9bn
from December 2025. The increase in the liquidity pool was
primarily driven by deposit growth across businesses and increased
term wholesale funding.

 

●

 

The average1 LCR
was 157.7% (December 2025: 170.0%), equivalent to a surplus of
£117.2bn (December 2025: £131.2bn)

 

●

 

Total deposits increased to £594.4bn (December 2025:
£585.6bn), primarily driven by deposit growth in
the International
Corporate Bank (ICB)

 

●

 

The average2 Net
Stable Funding Ratio (NSFR) was 135.8% (December 2025: 135.2%),
which represents a £171.7bn surplus (December 2025:
£166.3bn) above the 100% regulatory
requirement

 

 

●

 

Wholesale funding outstanding, excluding repurchase agreements, was
£236.0bn (December 2025: £220.1bn)

 

●

 

The Group issued £9.9bn equivalent of minimum requirement for
own funds and eligible liabilities (MREL) instruments from Barclays
PLC (the Parent company), completing the targeted 2026 MREL
issuance plan within H126. The Group has a strong MREL position
with a ratio of 36.7%, which is in excess of the regulatory
requirement of 30.5% excluding any applicable confidential
institution specific Prudential Regulation Authority (PRA) buffer.
The Group remains above its minimum capital regulatory requirements
and applicable buffers

 

 

1

 

Represents average of the last 12 spot month end
ratios.

 

2

 

Represents average of the last four spot quarter end
ratios.

 

 

Other matters

 

●

 

Motor finance commission
arrangements: In March
2026, the FCA published its final rules for an industry-wide
redress scheme for eligible motor finance customers where a
commission was payable by the lender to the broker. Barclays
increased its provision in Q126 by £105m to reflect the
expected financial impact of the redress scheme. Barclays holds a
Motor Finance provision of £430m as at 30 June 2026. Barclays
decided not to challenge the FCA's final rules in the interests of
enabling a swift resolution for customers. However, Barclays
strongly disagrees with aspects of the rules which require
financial redress even where customers suffered no demonstrable
financial harm. On 2 July 2026, the Upper Tribunal ordered a
suspension of parts of the redress scheme following four legal
challenges to the FCA's final rules. The legal challenges are
expected to be heard by the Upper Tribunal in Q426 or Q127. Such
challenges will delay and may otherwise affect the implementation
of the redress scheme. The legal and regulatory outcomes and the
nature, extent and timing of any remediation action, therefore
remain uncertain

 

●

 

    USCB changes in Q226:

 

-

American Airlines co-branded credit card portfolio
exit: On 24 April 2026 Barclays
exited its American Airlines co-branded credit card partnership,
releasing £3.6bn of RWAs and generating a gain on sale of
c.£225m

 

-

Best Egg acquisition: On 1
May 2026, Barclays completed the acquisition of Best Egg for
c.£0.6bn subject to customary post-completion purchase price
adjustments. Best Egg is a leading US direct-to-consumer personal
loan origination platform focused on prime borrowers. Barclays has
acquired c.£0.3bn of financial assets and c.£0.2bn of
financial liabilities

 

-

The effect of both transactions is a marginal increase to the
Group's CET1 ratio in Q226, with a net release of RWAs of
£3.2bn and the c.£225m gain on sale from the AA portfolio
exit, partially offset by a c.£0.5bn increase in goodwill and
intangibles from the Best Egg acquisition

 

●

 

GoHenry
acquisition: On 12 June
2026, Barclays announced that Barclays Bank UK PLC had entered into
an agreement to acquire GoHenry, a money management platform for
children and young people in the UK. Completion of the transaction
is expected to occur in Q426, subject to regulatory approvals and
other conditions. The transaction is expected to marginally reduce
the Group's CET1 ratio

 

●

 

One Churchill
Place: On 30 June 2026
Barclays announced it had acquired a 999-year leasehold interest in
its global headquarters at One Churchill Place, London. The
transaction secures Barclays' control in its global headquarters
beyond the current lease term, due to expire in 2039, while
providing greater certainty over long-term occupancy costs. The
transaction values the acquired leasehold interest at £750m
and is broadly neutral to the Group's CET1 ratio and
earnings

 

Anna Cross, Group Finance Director

 

Results by Business

 

Barclays UK

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Income statement information

£m

£m

% Change

 

£m

£m

% Change

Net interest income

3,986

3,677

8

 

2,000

1,855

8

Net fee, commission and other income

531

516

3

 

259

264

(2)

Total income

4,517

4,193

8

 

2,259

2,119

7

Operating costs

(2,368)

(2,283)

(4)

 

(1,194)

(1,168)

(2)

UK regulatory levies

(44)

(43)

(2)

 

-

-

 

Litigation and conduct

-

(29)

 

 

(1)

(27)

96

Total operating expenses

(2,412)

(2,355)

(2)

 

(1,195)

(1,195)

-

Other net income

-

-

-

 

-

-

-

Profit before impairment

2,105

1,838

15

 

1,064

924

15

Credit impairment charges

(338)

(237)

(43)

 

(160)

(79)

 

Profit before tax

1,767

1,601

10

 

904

845

7

Attributable profit

1,214

1,090

11

 

623

580

7

 

 

 

 

 

 

 

 

Performance measures

 

 

 

 

 

 

 

Return on average allocated tangible equity

20.1%

18.6%

 

 

20.4%

19.7%

 

Average allocated tangible equity (£bn)

12.1

11.7

 

 

12.2

11.8

 

Cost: income ratio

53%

56%

 

 

53%

56%

 

Loan loss rate (bps)

28

21

 

 

27

14

 

Net interest margin

3.70%

3.55%

 

 

3.68%

3.55%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key facts

As at 30.06.26

As at 30.06.25

 

 

 

 

 

UK mortgage balances (£bn)

176.7

166.8

 

 

 

 

 

Mortgage gross lending flow (£bn)

17.7

15.4

 

 

 

 

 

Average LTV of mortgage portfolio1

57%

54%

 

 

 

 

 

Average LTV of new mortgage lending1

70%

70%

 

 

 

 

 

Number of branches

206

207

 

 

 

 

 

Digitally active customers (m)2

14.1

13.7

 

 

 

 

 

30 day arrears rate - total UK cards

0.9%

0.7%

 

 

 

 

 

90 day arrears rate - total UK cards

0.3%

0.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As at 30.06.26

As at 31.12.25

As at 30.06.25

 

 

 

 

Balance sheet information

£bn

£bn

£bn

 

 

 

 

Loans and advances to customers at amortised cost

220.8

216.5

211.2

 

 

 

 

Total assets

304.9

299.6

299.7

 

 

 

 

Customer deposits at amortised cost

245.6

244.6

241.3

 

 

 

 

Loan: deposit ratio

97%

94%

94%

 

 

 

 

Risk weighted assets

89.0

85.8

86.1

 

 

 

 

Period end allocated tangible equity

12.4

11.8

11.8

 

 

 

 

 

1

 

Average loan to value (LTV) of mortgages is balance weighted and
reflects both residential and buy-to-let (BTL) mortgage portfolios
within the Home Loans portfolio.

 

2

 

Excludes Tesco Bank

 

 

Analysis of Barclays UK

Half year ended

 

Three months ended

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Analysis of total income

£m

£m

% Change

 

£m

£m

% Change

Retail Banking

3,436

3,172

8

 

1,711

1,599

7

Business Banking

1,081

1,021

6

 

548

520

5

Total income

4,517

4,193

8

 

2,259

2,119

7

 

 

 

 

 

 

 

 

Analysis of credit impairment (charges)/releases

 

 

 

 

 

 

 

Retail Banking

(344)

(204)

(69)

 

(165)

(59)

 

Business Banking

6

(33)

 

 

5

(20)

 

Total credit impairment charges

(338)

(237)

(43)

 

(160)

(79)

 

 

 

 

 

 

 

 

 

 

As at30.06.26

As at 31.12.25

As at 30.06.25

 

 

 

 

Analysis of loans and advances to customers at amortised
cost

£bn

£bn

£bn

 

 

 

 

Retail Banking

203.1

198.6

192.4

 

 

 

 

Business Banking

17.7

17.9

18.8

 

 

 

 

Total loans and advances to customers at amortised
cost

220.8

216.5

211.2

 

 

 

 

 

 

 

 

 

 

 

 

Analysis of customer deposits at amortised cost

 

 

 

 

 

 

 

Retail Banking

194.5

192.7

189.3

 

 

 

 

Business Banking

51.1

51.9

52.0

 

 

 

 

Total customer deposits at amortised cost

245.6

244.6

241.3

 

 

 

 

 

Barclays UK delivered a RoTE of 20.1% (H125:
18.6%) supported by robust
income, disciplined cost management and underpinned by strong asset
quality.

 

Income statement - H126 compared to H125

●

 

Profit before tax increased 10% to £1,767m

 

●

 

Total income increased 8% to £4,517m. NII
increased 8% to £3,986m, as higher structural hedge income was
partially offset by retail deposit dynamics and mortgage margin
compression. Net fee, commission and other income increased 3% to
£531m

 

●

 

Total operating expenses increased 2% to
£2,412m, driven
by higher investments and inflation. Ongoing efficiency savings
continue to be reinvested, to drive sustainable improvement to the
cost: income ratio

 

●

 

Credit impairment charges were £338m (H125:
£237m), reflecting
stable underlying credit performance. Total charges are higher than
those in H125, which benefitted from a recalibration adjustment in
the Retail credit cards portfolio to reflect resilient customer
behaviour. Retail credit cards 30 and 90 day arrears rates were
0.9% (H125: 0.7%) and 0.3% (H125: 0.2%) respectively. The Retail
credit cards total coverage ratio increased to 4.5% (December 2025:
4.3%)

 

 

Balance sheet - 30 June 2026 compared to 31 December
2025

●

 

Loans and advances to customers at amortised cost increased
£4.3bn to £220.8bn,
primarily driven by growth in mortgages, partially offset by the
impact of securitisations

 

●

 

Customer deposits at amortised cost increased by
£1.0bn to £245.6bn, driven
by an increase in Retail Banking deposits. The loan: deposit ratio
remained broadly stable at 97% (December 2025:
94%)

 

●

 

RWAs increased to £89.0bn (December 2025:
£85.8bn), primarily
due to growth in mortgages, partially offset by the securitisation
of credit risk assets

 

 

Barclays UK Corporate Bank

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Income statement information

£m

£m

% Change

 

£m

£m

% Change

Net interest income

807

701

15

 

413

359

15

Net fee, commission and other income

281

302

(7)

 

145

160

(9)

Total income

1,088

1,003

8

 

558

519

8

Operating costs

(488)

(474)

(3)

 

(249)

(240)

(4)

UK regulatory levies

(15)

(24)

38

 

-

-

 

Litigation and conduct

-

(39)

 

 

-

(39)

 

Total operating expenses

(503)

(537)

6

 

(249)

(279)

11

Other net income

-

-

-

 

-

-

-

Profit before impairment

585

466

26

 

309

240

29

Credit impairment charges

(19)

(31)

39

 

(16)

(12)

(33)

Profit before tax

566

435

30

 

293

228

29

Attributable profit

388

284

37

 

201

142

42

 

 

 

 

 

 

 

 

Performance measures

 

 

 

 

 

 

 

Return on average allocated tangible equity

20.6%

16.8%

 

 

21.3%

16.6%

 

Average allocated tangible equity (£bn)

3.8

3.4

 

 

3.8

3.4

 

Cost: income ratio

46%

54%

 

 

45%

54%

 

Loan loss rate (bps)

12

22

 

 

20

17

 

 

 

 

 

 

 

 

 

 

As at 30.06.26

As at 31.12.25

As at 30.06.25

 

 

 

 

Balance sheet information

£bn

£bn

£bn

 

 

 

 

Loans and advances to customers at amortised cost

31.3

30.0

27.9

 

 

 

 

Deposits at amortised cost

89.1

88.7

85.3

 

 

 

 

Risk weighted assets

26.6

26.5

25.3

 

 

 

 

Period end allocated tangible equity

3.7

3.7

3.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Analysis of total income

£m

£m

% Change

 

£m

£m

% Change

Corporate lending

185

170

9

 

96

90

7

Transaction banking

903

833

8

 

462

429

8

Total income

1,088

1,003

8

 

558

519

8

 

UKCB delivered a RoTE of 20.6% (H125: 16.8%), reflecting increased income from higher average
deposit and lending balances, and positive operating
jaws.

 

Income statement - H126 compared to H125

●

 

Profit before tax increased 30% to £566m

 

●

 

Total income increased 8% to £1,088m, NII
increased 15% to £807m, driven by higher average deposit and
lending balances, and structural hedge income benefit. Net fee,
commission and other income decreased 7% to £281m driven by
lower liquidity pool income

 

●

 

Total operating expenses decreased 6% to
£503m, reflecting
the non-repeat of prior year litigation and conduct charges.
Operating costs increased 3% to £488m, reflecting higher
investment spend to support business growth strategy, with ongoing
efficiency savings offsetting inflationary
headwinds

 

●

 

Credit impairment charges were £19m (H125:
£31m), reflecting stable
underlying credit performance and limited single name
charges

 

 

Balance sheet - 30 June 2026 compared to 31 December
2025

●

 

Loans and advances to customers at amortised cost increased to
£31.3bn (December 2025: £30.0bn), reflecting
the strategic focus to grow lending

 

●

 

Deposits at amortised cost increased to £89.1bn (December
2025: £88.7bn), driven
by an inflow of balances from new and existing
clients

 

●

 

RWAs were stable at £26.6bn (December 2025:
£26.5bn)

 

 

Barclays Private Bank and Wealth Management

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Income statement information

£m

£m

% Change

 

£m

£m

% Change

Net interest income

420

407

3

 

216

203

6

Net fee, commission and other income

293

290

1

 

150

145

3

Total income

713

697

2

 

366

348

5

Operating costs

(521)

(472)

(10)

 

(267)

(238)

(12)

UK regulatory levies

(3)

(2)

(50)

 

-

-

 

Litigation and conduct

-

-

 

 

-

-

 

Total operating expenses

(524)

(474)

(11)

 

(267)

(238)

(12)

Other net income

-

-

-

 

-

-

-

Profit before impairment

189

223

(15)

 

99

110

(10)

Credit impairment (charges)/ releases

(3)

11

 

 

(5)

2

 

Profit before tax

186

234

(21)

 

94

112

(16)

Attributable profit

148

184

(20)

 

75

88

(15)

 

 

 

 

 

 

 

 

Performance measures

 

 

 

 

 

 

 

Return on average allocated tangible equity

26.1%

33.2%

 

 

26.9%

31.9%

 

Average allocated tangible equity (£bn)

1.1

1.1

 

 

1.1

1.1

 

Cost: income ratio

73%

68%

 

 

73%

68%

 

Loan loss rate (bps)

4

(15)

 

 

13

(5)

 

 

 

 

 

 

 

 

 

Key facts

£bn

£bn

 

 

£bn

£bn

 

Net new assets under management1

1.8

1.9

 

 

0.3

0.9

 

 

 

 

 

 

 

 

 

 

As at 30.06.26

As at 31.12.25

As at 30.06.25

 

 

 

 

Balance sheet information

£bn

£bn

£bn

 

 

 

 

Loans and advances to customers at amortised cost

14.8

14.7

14.5

 

 

 

 

Deposits at amortised cost

72.7

72.0

66.7

 

 

 

 

Risk weighted assets

8.0

8.0

7.9

 

 

 

 

Period end allocated tangible equity

1.1

1.1

1.1

 

 

 

 

 

 

 

 

 

 

 

 

Invested assets2

142.5

140.6

131.9

 

 

 

 

Of which:

 

 

 

 

 

 

 

Assets under
management1

55.8

52.9

48.5

 

 

 

 

Assets under
supervision1

86.7

87.7

83.4

 

 

 

 

Client assets and liabilities3

230.2

227.6

213.4

 

 

 

 

 

PBWM delivered a RoTE of 26.1% (H125: 33.2%), reflecting higher costs from accelerated
investment to support future growth and efficiency strategy, and a
higher impairment charge.

 

Income statement - H126 compared to H125

●

 

Profit before tax decreased 21% to £186m

 

●

 

Total income increased 2% to £713m, driven
by growth in client balances, partially offset by the impact of
deposit mix

 

●

 

Total operating expenses increased 11% to
£524m, reflecting
ongoing investment to support business growth strategy and
inflationary headwinds, partially offset by efficiency
savings

 

 

Balance sheet - 30 June 2026 compared to 31 December
2025

●

 

Client assets and liabilities increased £2.6bn to
£230.2bn, driven by higher
invested assets due to market movements and net new inflow of
deposit balances

 

●

 

RWAs were stable at £8.0bn (December 2025:
£8.0bn)

 

 

1

 

Refer to page 88 for further information on net new assets under
management, assets under management and assets under
supervision.

 

2

 

Invested assets (held off-balance sheet) represent assets under
management and supervision. Uninvested cash held under an
investment mandate and reported within deposits is excluded from
invested assets.

 

3

 

Client assets and liabilities refers to deposits, lending and
invested assets

 

 

Barclays Investment Bank

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Income statement information

£m

£m

% Change

 

£m

£m

% Change

Net interest income

794

631

26

 

411

334

23

Net trading income

4,629

4,322

7

 

2,271

1,906

19

Net fee, commission and other income

2,563

2,227

15

 

1,276

1,067

20

Total income

7,986

7,180

11

 

3,958

3,307

20

Operating costs

(4,306)

(3,993)

(8)

 

(2,199)

(1,932)

(14)

UK regulatory levies

(22)

(27)

19

 

-

-

 

Litigation and conduct

2

(11)

 

 

-

(8)

 

Total operating expenses

(4,326)

(4,031)

(7)

 

(2,199)

(1,940)

(13)

Other net income

-

-

-

 

-

-

-

Profit before impairment

3,660

3,149

16

 

1,759

1,367

29

Credit impairment charges

(323)

(139)

 

 

(44)

(67)

34

Profit before tax

3,337

3,010

11

 

1,715

1,300

32

Attributable profit

2,315

2,075

12

 

1,204

876

37

 

 

 

 

 

 

 

 

Performance measures

 

 

 

 

 

 

 

Return on average allocated tangible equity

15.5%

14.2%

 

 

16.0%

12.2%

 

Average allocated tangible equity (£bn)

29.9

29.2

 

 

30.0

28.7

 

Income over average risk weighted assets

7.9%

7.2%

 

 

7.7%

6.7%

 

Cost: income ratio

54%

56%

 

 

56%

59%

 

Loan loss rate (bps)

47

22

 

 

13

21

 

 

 

 

 

 

 

 

 

 

As at 30.06.26

As at 31.12.25

As at 30.06.25

 

 

 

 

Balance sheet information

£bn

£bn

£bn

 

 

 

 

Loans and advances to customers at amortised cost

70.8

70.0

66.8

 

 

 

 

Loans and advances to banks at amortised cost

11.0

7.4

7.1

 

 

 

 

Debt securities at amortised cost

54.5

52.9

52.4

 

 

 

 

Loans and advances at amortised cost

136.3

130.3

126.3

 

 

 

 

Trading portfolio assets

208.2

189.5

186.1

 

 

 

 

Financial assets at fair value through the income
statement

209.9

183.6

215.2

 

 

 

 

Derivative financial instrument assets

302.6

251.5

279.0

 

 

 

 

Cash collateral and settlement balances

182.5

121.6

145.0

 

 

 

 

 

 

 

 

 

 

 

 

Deposits at amortised cost

162.3

156.1

148.7

 

 

 

 

Derivative financial instrument liabilities

291.6

240.6

265.1

 

 

 

 

 

 

 

 

 

 

 

 

Risk weighted assets

204.1

196.7

196.4

 

 

 

 

Period end allocated tangible equity

30.1

28.9

28.7

 

 

 

 

 

 

Half year ended

 

Three months ended

 

30.06.26

30.06.25

 

 

30.06.26

30.06.25

 

Analysis of total income

£m

£m

% Change

 

£m

£m

% Change

FICC

3,187

3,149

1

 

1,471

1,450

1

Equities

2,377

1,833

30

 

1,261

870

45

 Global Markets

5,564

4,982

12

 

2,732

2,320

18

Advisory

443

266

67

 

188

123

53

Equity
capital markets

249

151

65

 

157

81

94

Debt
capital markets

809

795

2

 

402

364

10

Banking
fees and underwriting

1,501

1,212

24

 

747

568

32

Corporate
lending

53

152

(65)

 

37

(4)

 

Transaction
banking

868

834

4

 

442

423

4

International
Corporate Bank

921

986

(7)

 

479

419

14

 Investment Banking

2,422

2,198

10

 

1,226

987

24

Total income

7,986

7,180

11

 

3,958

3,307

20

 

IB delivered a RoTE of 15.5% (H125: 14.2%), driven by higher Global Markets, Investment
Banking fees and underwriting income, whilst maintaining cost and
capital discipline, driving positive operating jaws and improved
RWA productivity.

 

Income statement - H126 compared to H125

●

 

Profit before tax increased to £3,337m (H125:
£3,010m)

 

●

 

IB has a diverse income profile across businesses and
geographies. The
4% appreciation of average GBP against USD adversely impacted
income and profits, and positively impacted credit impairment
charges and total operating expenses

 

●

 

Total income increased 11% to £7,986m, including
the adverse impact of strengthening average GBP against
USD

 

 

-

 

Global Markets income increased 12% to £5,564m, driven by
increased income in Equities and Credit

 

 

-

 

FICC income was stable at £3,187m (H125: £3,149m),
despite strong prior year performance, as we continued to provide
support to clients through a range of environments

 

 

 

-

 

Equities income increased 30% to £2,377m, reflecting growth in
Prime Financing balances, and Equity Derivatives

 

 

-

 

Investment Banking income increased 10% to
£2,422m

 

 

-

 

Banking fees and underwriting income increased 24% to £1,501m,
primarily driven by Advisory and Equity Capital Markets, up 67% and
65% respectively. Debt Capital Markets were broadly
stable

 

 

 

-

 

ICB income decreased 7% to £921m. Transaction banking income
increased 4% to £868m, as higher income from growth in deposit
balances was partially offset by margin compression due to change
in deposits product mix. Corporate lending income decreased to
£53m, reflecting the non-repeat of fair value gains on
leverage finance lending (c.£105m) in Q125, while underlying
business performance was broadly stable

 

●

 

Total operating expenses increased to £4,326m (H125:
£4,031m), driven
by higher performance costs partially offset by efficiency savings
and the impact of strengthening average GBP against
USD

 

●

 

Credit impairment charges increased to £323m (H125:
£139m), primarily driven
by a single name charge of £228m in Q126

 

 

Balance sheet - 30 June 2026 compared to 31 December
2025

●

 

Loans and advances at amortised cost increased to £136.3bn
(December 2025: £130.3bn),
driven by increased lending in Investment
Banking

 

●

 

Trading portfolio assets increased to £208.2bn (December 2025:
£189.5bn), driven by
increased trading activity in debt securities to facilitate client
demand in Global Markets

 

●

 

Financial assets at fair value through the income statement
increased to £209.9bn (December 2025:
£183.6bn), driven by
increased secured lending in Global Markets

 

●

 

Derivative financial instrument assets increased to £302.6bn
(December 2025: £251.5bn) and
liabilities increased to £291.6bn (December 2025:
£240.6bn), reflecting an increase in