Barclays plc said on Thursday its total income in the first quarter of 2022 amounted to £6.5 billion, marking a 10% rise compared to the same period a year earlier and topping estimates.
Net operating income increased 9% year on year to £6.4 billion, while attributable profit slid 18% to £1.4 billion. The bank's CET1 ratio remained unchanged at 15.1% in the first quarter.
"A strong Q1 performance demonstrated Barclays' ability to deliver broad-based income growth across all operating businesses. Group income was up 10% to £6.5bn, alongside profit before tax of £2.2bn and a RoTE of 11.5%. Our performance includes the relevant costs relating to the over-issuance of securities in the US and customer remediation of a legacy loan portfolio," CEO C. S. Venkatakrishnan stated.
