Investor Presentaiton
Commercial Banking
4Q22 financial highlights
Balance sheet, $bn
51%
Revenue
$4.7bn
(4Q21: $3.1bn)
Customer lending
347
ECL
$(0.9)bn
> (100)%
331
0
(4021: $(0.2)bn)
333
25.
Costs
$(1.7)bn
(5)%
(4021: $(1.6)bn)
69%
347
308
PBT
$2.1bn
(4Q21: $1.2bn)
ROTE66
14.2%
3.4ppts
(FY21: 10.8%)
4Q21
3022
4Q22
Revenue performance, $m
+51%
Customer accounts
+10%
480
479
481
4,263
4,689
286
1
-22:
3,522
476
488
3,102
3,258
302
511
1,344
329
433
512
471
500
1,393
479
459
1,415
1,441
1,381
2,571
1,883
861
944
1,293
4Q21
1022
2022
3022
4Q22
4Q21
3Q22
4Q22
GPS (formerly GLCM)
GTRF
HFS portfolio69
Credit & Lending
Markets products, Insurance
and Investments and Other
Strategy
4022 results
Appendix
4022 vs. 4021
Revenue up $1.6bn (51%) with double digit growth in all regions
notably in Asia and the UK. GPS revenue up 199% driven by
higher rates, higher average balances and 12% fee growth;
coupled with growth in GBM collaboration income (up 7%)
ECLs up $0.7bn due to the impact of stage 3 charges in Hong
Kong (mainland China CRE exposures) and the UK
Customer lending and accounts of $308bn and $459bn are
down 7% and 4% respectively due to Canada HFS transfer,
excluding which:
◆ Lending up $2.5bn (1%), driven by Credit & Lending, growth
in Asia excluding Hong Kong, North America and the UK
Deposits broadly stable
4022 vs. 3022
Revenue up $0.4bn (10%) with growth across all regions notably
in Asia, continued growth in GPS (up 37%) partly offset by lower
Trade (down 5%) and Credit & Lending (down 4%) notably in
Hong Kong
Customer lending and accounts were down 11% and 4%
respectively due to Canada HFS transfer, excluding which:
◆ Lending down $14bn (4%), reflecting softer economic
conditions notably in Hong Kong and the UK in both Credit &
Lending and Trade
◆ Deposits up $2bn, with growth in Hong Kong and the USA,
partly offset by a market wide reduction in the UK
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