Investor Presentaiton
Corporate Centre
2023 financial highlights
Revenue performance, $m
Strategy
2023 results
Appendix
2022
3022
4022
1023
2023
(189)
(352)
(12)
101
(20)
25
(7)
(175)
(2)
(9)
(335)
(236)
(195)
(12)
(85)
(499)
(595)
(382)
87
(114)
350
343
288
233
207
Revenue
$(114)m
(77)%
(2022: $(499)m)
0%
Central Treasury
ECL
$0m
(2022: $(0)m)
Legacy Portfolios
> 100%
Costs
$64m
Other
(2022: $(430)m)
10%
Total
Associates
$833m
(2022: $754m)
> 100%
PBT
$783m
(2022: $(175)m)
Not included in Corporate Centre revenue: Markets
Treasury revenue allocated to global businesses
RWAs (constant currency), $bn
2023 vs. 2022
ROTE33
8.0%
0.7ppts
(2022: 7.3%)
Associate income detail, $m
+12%
(2)%
94
92
+19%
88
82
43
38
833
32
754
700
3
695
162
119
110
555
133
93
632
633
668
50
50
52
52
.....
54
563
466
(4)
2022
3Q22
BoCom
4Q22
Saudi Awwal Bank (SAB)
(43)
1Q23
2022
1023
2023
2023
Others
Associates
Other
Revenue up $385m, primarily in Central Treasury reflecting the
non-recurrence of adverse FV movements on non-qualifying
hedges in 2022, FX valuation gains and the non-recurrence of
losses related to the planned disposal of Russia and the disposal
of our branch operations in Greece. This was partly offset by FV
losses on FX hedges related to the agreed sale of our banking
business in Canada
RWAS up $10bn (12%), including RWAS on FX hedges related to
the agreed Canada sale and higher associate RWAs
2023 vs. 1023
Revenue down $201m, reflecting adverse valuation differences in
Central Treasury, adverse FV movements on FX hedges related to
the agreed sale of our banking business in Canada and a 1Q23
reversal of the France impairment. This was partly offset by FX
valuation gains
30View entire presentation