Corporate Banking Investor Presentation
COSTS: Strategic Battleground
Transform initiatives will contribute to future
cost savings
Adjusted operating expenses (£m)'
-12%
1,952
1,976
1,711
.
459
⚫ Decrease in costs (2010-2012) mainly driven by:
•
Exiting legacy businesses
Focusing on cost efficiency in UK through reducing
operational headcount and efficient location strategies
⚫ Improving CIB integration
Realising synergies through Transform wide initiatives:
Investing in operations and IT to drive automation and
efficiency across all areas of the organisation
•
Rolling out global cash and trade platforms enabling
client self service
Functional integration reducing duplication of processes
• Streamlining coverage model
2010
2011
•
2012
Q1 2013
Right sizing cost base in Europe and Rest of World.
Adj. C:I
57%
60%
56%
59%
ratio¹
Driving efficiency - reinvesting cost savings to further
grow the business
20
1.
| Corporate Banking Investor Presentation | 1 May 2013
FY 2012 adjusted to exclude (£850m) provision for hedging product redress. FY 2011 adjusted to exclude loss (£73m) on disposal of Barclays Bank Russia and goodwill impairment of (£123m) in Spain. FY 2010 excludes (£243m) goodwill impairment on Barclays Bank Russia. For purposes of comparability 2010
adjustments include head office allocations and Africa re-segmentation
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