The strong CIB performance enabled the group to build up reserves in anticipation of the COVID-19 impact with relatively limited damage. Last but not least, management does not expect the first quarter impairments to repeat at the same level over the next three quarters, forecasting full-year credit charges significantly below the level returned by EBA’s stress tests.
29 Apr 2020
Strong CIB performance and lower than expected credit charges expectations
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Strong CIB performance and lower than expected credit charges expectations
Barclays PLC (BARC:LON) | 185 3.4 1.0% | Mkt Cap: 27,862m
- Published:
29 Apr 2020 -
Author:
David Grinsztajn -
Pages:
2
The strong CIB performance enabled the group to build up reserves in anticipation of the COVID-19 impact with relatively limited damage. Last but not least, management does not expect the first quarter impairments to repeat at the same level over the next three quarters, forecasting full-year credit charges significantly below the level returned by EBA’s stress tests.