Full Year 2018 Barclays PLC Fixed Income Call Transcript
Welcome to the Barclays Full Year 2018 Results Fixed Income Conference Call.
I'll now hand you over to Tushar Morzaria, Group Finance Director.
Good afternoon, everyone, and welcome to the Fixed Income Investor Call for our Full Year 2018 Results.
I'm joined today by Kathryn McLeland, our Group Treasurer; as well as Miray Muminoglu, our Head of Capital Markets Execution.
Let me start with Slide 3 and make a few comments on our full year performance before handing over to Kathryn.
Our 2018 results demonstrate the progress we are making towards achieving our group financial targets. In particular, our RoTE targets of greater than 9% and greater than 10% in 2019 and 2020, respectively. We reported an 8.5% group RoTE, excluding litigation and conduct. This improved performance on prior yield was driven by year-on-year increase in PBT of 20% to GBP 5.7 billion, with lower costs driving positive cost-to-income jaws.
Impairment was 37% lower
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