Feb 13, 2020 / 03:00PM GMT
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,
Full Year 2019 Barclays PLC Fixed Income Analysts and Investors Earnings Call Transcript
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