Barclays PLC (BUE:BCS)
ARS 11920.5 -74 (-0.62%) Market Cap: 35.52 Til Enterprise Value: -112.68 Til PE Ratio: 8.07 PB Ratio: 0.45 GF Score: 45/100
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Full Year 2019 Barclays PLC Fixed Income Analysts and Investors Earnings Call Transcript

Feb 13, 2020 / 03:00PM GMT
Release Date Price: ARS752 (-0.66%)
Operator

Welcome to the Barclays Full Year 2019 Results Fixed Income Conference call. I will now hand you over to Tushar Morzaria, Group Finance Director.

Tushar Morzaria
Barclays PLC - Group Finance Director & Executive Director

Good afternoon, everyone, and welcome to the Fixed Income Investor Call for our Full Year 2019 results. I'm joined today by Kathryn McLeland, our Group Treasurer; and Miray Muminoglu, our Head of Term Funding.

Let me start with Slide 3 and make a few brief comments on our 2019 performance and our targets before handing over to Kathryn.

Reported a profit before tax of GBP 6.2 billion that delivered an RoTE of 9%, in line with our target for the year, and the third consecutive year of RoTE progression. On capital, Kathryn will shortly go into detail on our CET1 position of 13.8% and our comfort with our target level of around 13.5%. As mentioned this morning, we still believe that above 10% is an appropriate RoTE target for Barclays over time, but achievement of this in 2020 has become more difficult. We are, nevertheless,

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