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    Rohith Chandra-Rajan • Bank of America

    Rohith Chandra-Rajan's questions to BARC.L leadership

    Rohith Chandra-Rajan's questions to BARC.L leadership • Q1 2024

    Question

    Rohith Chandra-Rajan questioned the Investment Bank's revenue underperformance relative to peers and asked about the timing for achieving market share gains and improved RWA productivity. He also requested clarification on comments about Barclays UK mortgage flows.

    Answer

    Group Finance Director Angela Cross acknowledged FICC underperformance but highlighted progress in equities and securitized products, emphasizing it is only one quarter into a 12-quarter plan. For Barclays UK, she clarified her comments referred to gross mortgage flows and noted that while application volumes are up significantly, it will take time for this to reflect on the balance sheet.

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    Rohith Chandra-Rajan's questions to Barclays PLC (BCS) leadership

    Rohith Chandra-Rajan's questions to Barclays PLC (BCS) leadership • Q3 2023

    Question

    Asked for details on U.K. deposit trends through Q3 and into October, a clarification of the new NIM guidance, and the outlook for deposit trajectory and NIM into 2024.

    Answer

    Deposit outflows in Q3 were steady due to intense competition. The NIM guidance range reflects this uncertainty; if Q3 trends continue, NIM would be at the top end of the range. For 2024, no specific outlook was given, but they highlighted a positive impact from the structural hedge, a neutral impact from mortgage churn, and a negative, unpredictable impact from ongoing deposit behavior.

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