Jul 27, 2023 / 08:30AM GMT
Operator
Welcome to Barclays Half Year 2023 Results Analyst and Investor Conference Call. I will now hand over to C.S. Venkatakrishnan, Group Chief Executive; and Anna Cross Chief Finance Director.
Coimbatore Sundararajan Venkatakrishnan - Barclays PLC - Group CEO & Executive Director
Good morning. Thank you for joining Anna and me on today's call. Let me start by saying we continue to deliver a consistent strong performance quarter-on-quarter. In particular, our second quarter results show resilience against a mixed macroeconomic backdrop and against subdued market activity.
This performance again demonstrates the stability and strength of the franchise, which we have built over many years. We generated GBP 6.3 billion in income in the second quarter of '23, up 6% year-on-year, excluding last year's impact from the over-issuance of securities. This growth reflects the diverse sources of income, which we have built across the group.
Our focus on cost discipline delivered a cost-to-income ratio of 63% for this quarter, putting us on track to meet
Half Year 2023 Barclays PLC Earnings Call Transcript
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