Earnings call briefThird-quarter 2026
Barclays expects statutory costs of about GBP 18.4 billion in 2027
Barclays said Pillar 2A will reduce its MDA by 59 basis points, more than offsetting Basel 3.1 RWA increases of GBP 8 billion to GBP 15 billion.
GetSignal Barclays BCS
Barclays said on its third-quarter call that it expects statutory costs to fall to about GBP 18.4 billion in 2027. It said it expects run-the-bank costs to be flat or lower in 2027 than in 2026, and more than GBP 1.1 billion of gross efficiency savings in 2027. It said this creates capacity for GBP 0.4 billion of planned additional investment.
Quotes from the call
“In absolute terms, we expect statutory costs to fall to circa GBP 18.4 billion in 2027.”
“...Basel 3.1 will increase RWAs by GBP 8 billion-GBP 15 billion, equivalent to 30-55 basis points of CET1. We now have greater clarity on Pillar 2A, which will reduce the MDA by 59 basis points, more than offsetting the impact of higher RWAs.”
Key facts from the call
- 2027 statutory costs outlook
- about GBP 18.4 billion
- 2027 gross efficiency savings outlook
- more than GBP 1.1 billion
- Basel 3.1 RWA increase
- GBP 8 billion to GBP 15 billion, equivalent to 30 to 55 basis points of CET1
- Pillar 2A MDA reduction
- 59 basis points
Source: Barclays' third-quarter 2026 earnings call, October 22, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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