Half Year 2024 Barclays PLC Earnings Call Transcript
Welcome to Barclays Half Year 2024 Results Analyst and Investor Conference Call. I will now handover to C.S. Venkatakrishnan, Group Chief Executive, before I hand over to Anna Cross, Group Finance Director.
Good morning, everyone, and thank you for joining Barclays second quarter 2024 results call. At our investor update in February, we set out a three-year plan to deliver a better run, more strongly performing and higher returning Barclays. We are continuing to execute in a disciplined way against this plan and this is our second progress report.
Our second quarter and first half performance keeps pace with our 2024 and 2026 financial targets, which are: first, grow returns with a target return on tangible equity of above 12% in 2026; second, distribute more capital to shareholders, with a target of returning at least GBP10 billion between 2024 and 2026; and third, rebalance the bank, with a target to reduce RWAs in the Investment Bank from 58% of Group RWAs at the end of
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