Full Year 2022 Barclays PLC Earnings Fixed Income Call Transcript
Welcome to Barclays Full Year 2022 Results Fixed Income Conference Call. I will now hand you over to Anna Cross, Group Finance Director; and Dan Fairclough, Group Treasurer.
Good afternoon, everyone, and welcome to the Fixed Income Investor Call for our 2022 results. I'm joined today by Dan Fairclough, our Group Treasurer. Let me begin with a brief overview of our performance over last year before speaking to a few slides on the capital positioning of risk across our portfolio, given the attention this topic naturally received from our bondholders. I'll then hand over to Dan for his overview of our balance sheet.
So beginning with Slide 3. As Venkat and I reported this morning, it was another year of delivery across our businesses with a statutory return on tangible equity of 10.4%. Income growth of 14% outweighed the 6% growth in operating costs, which exclude bank levy and litigation and conduct or L&C. Despite the increase of GBP 1.2 billion in L&C, profit
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