Barclays Plc have announced Q3 results with a conference taking place on the morning of Tuesday 9th November to discuss the figures. The performance summary as published by Barclays is as follows:
• Group profit before tax for the year-to-date of £4,274m up 4% (2009: £4,107m)
• Profit before tax for Q3 excluding own credit of £1,274m, up from £1,174m for Q2
• Income for the year-to-date of £22,872m up 2% (2009: £22,358m)
• Impairment of £4,298m down 31% (2009: £6,214m) giving a year-to-date annualised loan loss rate of 110bps (2009: 151bps)
• Net income of £18,574m up 15% (2009: £16,144m)
• Operating expenses of £14,476m up 18% (2009: £12,233m) reflecting continued investment in the businesses
• Annualised net interest margin for GRB, Barclays Corporate, Barclays Wealth and Absa up slightly versus the first half
• Core Tier One ratio of 10.0%
• Wholesale term issuance of £28bn in first nine months and strong liquidity maintained
• Increased gross new lending to UK households and businesses of £35bn, including Standard Life Bank (2009: £26.1bn)
• Third interim dividend of 1.0p per share, making 3.0p for the year-to-date
