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Barclays above threshold in BoE stress test

Barclays notes the publication today of stress test outcomes for UK banks by the Bank of England (“BoE”). Under the BoE’s assessment of the effects of the modelled adverse stress scenario, Barclays’ capital position remained above the BoE threshold with a PRA Transitional Common Equity Tier 1 (“CET1”) ratio of 7.0% pre management actions. Barclays’ CET1 ratio did not fall below 7% at any time in the test period and exceeded the 4.5% minimum threshold by a significant margin.

Barclays reported a 9.1% PRA Transitional CET1 ratio as at 31 December 2013, which was the starting point for the stress test modelling. This had increased to 10.0% by 30 September 2014. 

Barclays continues to target a Fully Loaded CET1 ratio of greater than 11% by the end of 2016.  

The full year results for 2014 and the Annual Report will be published on 3 March 2015.  

The BoE stress test results for UK banks can be found on the BoE website at http://www.bankofengland.co.uk/financialstability/Documents/fpc/results161214.pdf
Notes to editors

The BoE adverse scenario stresses Barclays’ consolidated balance sheet and income statement over a 36 month period starting from 31 December 2013, projected forward based on assumptions determined by the BoE.

The BoE announcement also discloses a higher modelled low point CET1 ratio of 7.5% for Barclays calculated after implementation of a programme of management actions that would be taken in the event of such an adverse stress developing.


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Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

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