Investor Presentaiton
Opening up a world of opportunity
Our Strategy
Asia
Wealth
Digital Business
Services
Financials
Accelerating the shift to our highest return and growth opportunities, to deliver above
cost of capital returns
Capital allocation
Asia as % of
Group TE27
c.50
WPB as % of
Group TE28
c.42
From...
(2020)
c.25
C.35
Fees +
Insurance
Revenue
growth rate
Group targets, dividend and capital policy
% of total
revenues
From...
Costs
Adjusted costs of <$31bn in 2022 on Dec
2020 average FX rates
<$30bn using FY20 average FX rates
C.35
Low
single
digits29
RWA
Gross RWA reduction of >$100bn by end-
202219
c.29
To...
(medium to long-term) 20
Capital
To...
CET1 ratio ≥14%
manage in a 14-14.5% range over medium term;
manage range down further long-term
Mid
single
digits
Sustainable dividends
Dividends
Payout ratio of 40-55%³ from 2022 onwards
ROTE
≥10% over the medium-term
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