Operator

Welcome to Barclays' Q1 2026 Results, Analysts and Investor Conference Call. I will now hand over to C.S. Venkatakrishnan, Group Chief Executive, before I hand over to Anna Cross, Group Finance Director.

Coimbatore Venkatakrishnan
Group CEO & Executive Director

Good morning, everyone. Thank you for joining Barclays' First Quarter 2026 Results Call. In February, I shared our vision for 2028 and beyond, and this was to deliver a better run, more strongly performing and higher returning Barclays. This represented an intensification of the strategy, which we put in place in 2024. The first quarter results demonstrate the benefits of the structural improvements that we have been making in the last 2 years.

These improvements allowed us to capture opportunities within each of our 5 divisions and particularly in the investment bank. The diversification of our income, the strength of our client relationships, the ongoing delivery of operational efficiency all underpins my confidence in achieving each of our 2026 and 2028 targets. We have delivered a group RoTE of 13.5% in the quarter.

This demonstrates resilience