Feb 20, 2024 / 08:30AM GMT
Coimbatore Sundararajan Venkatakrishnan - Barclays PLC - Group CEO & Executive Director
Good morning. Thank you, everybody, for coming here, and welcome to our full year 2023 results presentation as well as our investor update. You could see the agenda for the day on this slide. And so what we will do is we'll just go into the results for 2023 before turning to the broader investor update.
So as you saw this morning, I'll start with the results announcement, with the performance highlights and then I'll hand over to Anna to take you -- take us all through the financials. So we are delivering against our guidance. So we achieved -- delivered on all our targets in 2023. And together with our consistently strong capital position throughout this year, what this enabled us to do was to give shareholders a material increase in distributions.
Excluding the Q4 structural cost actions, return on tangible equity was 10.6% for 2023, in line with our target of above 10%. And on the same basis, our cost-to-income ratio was 63%, in line with our guidance for the low 60s for the full year.
Full Year 2023 Barclays PLC Earnings Call Transcript
Feb 20, 2024
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