Barclays PLC (NYSE:BCS)
$ 13.4006 -0.0494 (-0.37%) Market Cap: 48.42 Bil Enterprise Value: -94.08 Bil PE Ratio: 9.12 PB Ratio: 0.54 GF Score: 68/100

Full Year 2021 Barclays PLC Earnings Call Transcript

Feb 23, 2022 / 09:30AM GMT
Release Date Price: $10.74 (+2.58%)
Operator

Welcome to the Barclays Full Year 2021 Results Analyst and Investor Conference Call.

I will now hand you over to C.S. Venkatakrishnan, Chief Executive Officer; and Tushar Morzaria, Group Finance Director.

Coimbatore Sundararajan Venkatakrishnan
Barclays PLC - Group CEO & Director

Good morning, everybody. This is my first earnings call as Chief Executive of Barclays. It's a great honor to follow 3 -- a 3-century-long line of stewards of this company.

While I'm new in this job, I have been at Barclays for a number of years. I was part of the management team that developed the strategy we set out in 2016. I am delighted now that we are seeing the benefits of that strategy in the results which we are about to discuss.

So moving to Slide 3. It has been a strong full year performance for the group. In 2016, we set out to build a bank capable of delivering double-digit returns through the cycle. Last year, in 2021, we delivered a group return of tangible -- return on tangible equity of 13.4%. This included double-digit returns in all

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