Feb 20, 2024 / 01:45PM GMT
Operator
Welcome to Barclays Full Year 2023 Results Fixed Income Conference Call. I will now hand you over to Anna Cross, Group Finance Director; and Dan Fairclough, Group Treasurer.
Angela Anna Cross - Barclays PLC - Group Finance Director & Executive Director
Good afternoon, everyone, and welcome to the Fixed Income Investor Call for our full year 2023 results and investor update. I'm joined today by Dan Fairclough, our Group Treasurer. Let me begin with a brief overview of our performance over 2023 before speaking to a few slides that summarize the investor update from this morning from a fixed income investor perspective. I'll then hand over to Dan for his overview of the balance sheet.
We delivered on our target in 2023. Return on tangible equity was 10.6% for 2023, in line with our target of above 10%, and we've achieved that in each of the past 3 years. Our cost/income ratio was 63%, in line with our low 60s guidance for the full year. Both of these metrics exclude fourth quarter structural cost actions that we indicated at the time of the Q3 results.
Full Year 2023 Barclays PLC Earnings Fixed Income Call Transcript
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