Half Year 2022 Barclays PLC Earnings Call Transcript

Jul 28, 2022 / 08:30AM GMT
Operator

Welcome to the Barclays Half Year 2022 Results Analyst and Investor Conference Call. I will now hand you over to CF Venkatakrishnan, Group Chief Executive; and Anna Cross, Group Finance Director.

Coimbatore Sundararajan Venkatakrishnan - Barclays PLC - Group CEO & Director

Good morning, everyone. I'm pleased to be able to report strong financial results for the first half of 2022 for Barclays. Our profit before tax was GBP 3.7 billion, leading to an attributable profit of GBP 2.5 billion. This came after absorbing a net impact of around GBP 580 million over the half year relating to the over issuance of securities under our U.S. shelf registration statement. The group income was GBP 13.2 billion. Excluding the income benefit from hedging arrangements related to the managing of the impact of the over issuance, the group income was GBP 12.4 billion, which is up 10% year-on-year.

Our statutory group return on tangible equity was 10.1%. We continue to focus on costs, particularly given inflation pressures. We are also focused on the readiness of our

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