Barclays.comExecuting our strategy
Our execution priorities are Capital, Returns, Income Growth and Citizenship.
• Capital – Our Core Tier 1 ratio stood at 11 per cent at the end of September 2011, and we will continue to create internally any additional capital that we will be required to hold to meet regulatory change over the coming years
• Returns – Our commitment is to deliver a 13 per cent return on equity by 2013, and our adjusted return on equity improved to 8.1 per cent at the end of September 2011 (from 6.5 per cent at the end of September 2010)
• Income growth – We have already taken decisive action in order to improve performance. These results demonstrate that our efforts are starting to pay off, but we acknowledge there is still more hard work required
• Citizenship – We remain committed to lending in the UK and are on track to exceed our Merlin goals.
A statement from Barclays Chief Executive Bob Diamond
“I am proud of what our people at Barclays achieved in 2011. Against the backdrop of challenging economic and market conditions, we maintained our focus on clients and customers while supporting the real economy, as well as the needs of our shareholders, colleagues and the communities in which we operate. As a result, we have delivered a strong set of results, both financially and in terms of our execution priorities.
"Barclays universal banking model continues to be a competitive strength. Revenues remained resilient overall, reflecting the strength of our customer franchise and the balanced mix of our business. We have intensified our cost discipline while selectively investing in growth areas that support our execution priorities. We are not satisfied with the return on equity we delivered in 2011 and are committed to delivering steady improvement moving forwards. Our rock solid capital, liquidity and funding positions provide us with the flexibility and confidence to meet the economic and regulatory challenges ahead.
"These results are further evidence of Barclays ability to execute on our priorities as we deliver sustainable long term value for all of our stakeholders.”
Barclays 2011 Full Year Results
Find out more about our latest results announcement.
Read a summary of business perfomance in 2011.
Our strategy
The integrated universal banking model is the best one for all our stakeholders.
It’s the model that has enabled us to:
• Build a bank that is diversified and balanced by geography and business line, by customers and by funding sources
• Offer the best solutions for our customers and clients
• Operate profitably throughout the crisis, offering security for customers as well as stability to the financial system as a whole.
