Today the Group is smaller, safer, more focused, less leveraged, better capitalised and highly liquid, with the customer at the centre of the business. The sale of Africa, the settlement of legacy conduct matters and the exit of Non-Core will improve this significantly going forward.
We will stay wedded to a fundamental principle of finance: earn and maintain the trust of your customers and clients. Just as 327 years ago when we were founded, Barclays will be known for the way in which we do business, the integrity with which we operate, having a positive impact on society, and delivering shareholder value.
During 2018, Barclays UK will become the ring-fenced bank for the UK, continuing to provide transactional, lending and investment products and services to over 24 million Personal, Wealth and Business Banking customers and clients, via a separate legal entity.
Barclays International is a diversified transatlantic, wholesale and consumer bank which will be housed within Barclays Bank PLC, the future non-ring-fenced bank. We seek to maintain and further our position as a leading provider of financial services to corporates, institutions and individuals.
Barclays PLC Group operates via two clearly defined divisions – Barclays UK and Barclays International – with a diversified business model that we believe helps to enhance our resilience to changes in the external environment.
We draw on the following to support our activities and deliver value to our stakeholders:
We aim to provide superior services to help customers and clients create, grow and protect wealth in a sustainable way.
Barclays’ customers and clients include: individuals, small and medium-sized businesses, corporates, financial institutions and banks, and institutions and governments
We support our stakeholders via a commercially successful business that generates long-term sustainable returns
We aim to deliver broad value from the way we do business, including:
Our revised performance measurement framework supports the sustained delivery of our strategy over the medium to long-term and will influence executive remuneration from 2017. Our strategic success is intrinsically linked to the positive impact we have on all our stakeholders and society as a whole.
Promoting and maintaining: