Investor Presentaiton
Wealth and Personal Banking
Strategy
4022 results
Appendix
836
57
4Q22 financial highlights
Balance sheet, $bn
45%
Revenue
$7.2bn
828
830
(4Q21: $4.9bn)
9
-24-
ECL
$(0.3)bn
>(100)%
463
476
476
(4021: $(0.0)bn)
2
26-
52
819
806
0%
779
Costs
$(3.7)bn
(4021: $(3.7)bn)
461
450
424
> 100%
PBT
$3.2bn
ROTE66
18.5%
(4021: $1.2bn)
3.3ppts
(FY21: 15.2%)
4Q21
3Q22
4Q22
Customer lending
HFS
Portfolio67
Customer accounts
Revenue performance, $m
+45%
Reported Wealth Balances, $bn
1,670
1,592
+15%
1,492
18
73
551
4,945
4,895
5,497
6,245
7,159
503
506
126
(279)
(382)
(421)
107
112
90
117
84
3,352
4,240
4,991
1,119
2,894
2,972
968
1,016
1,808
2,118
2,532
2,314
1,971
4Q21
1022
2022
3022
4Q22
4Q21
3022
4Q22
Wealth excl. market impacts
Other
Personal banking
Insurance manufacturing
market impacts
Wealth deposits 68
Invested assets
HFS
Portfolio 67
4022 vs. 4021
Revenue up $2.2bn (45%). Personal Banking up $2.1bn (72%)
primarily due to interest rate rises and balance sheet growth in the
UK, Asia, Mexico and MENA. Wealth up $144m primarily due to
higher Private Banking and Insurance
Customer lending and accounts of $424bn and $779bn were
down 8% and 5% respectively due to HFS transfers, excl. impact of
HFS and disposed portfolios:
◆ Lending up $15bn (3%). Mortgages up $15bn (4%), unsecured
up $2bn (5%), partly offset by the run-off of the $1bn John Lewis
card portfolio
Deposits up $17bn (2%) with growth particularly in the UK,
Asia, Mexico and MENA
♦ Wealth balances down 9%. Excl. HFS, down $78bn (5%). FY NNIA
of $80bn was more than offset by lower market levels ($116bn) and
adverse FX and other impacts of $42bn
4022 vs. 3Q22
Revenue up $914m (15%). Personal Banking up $751m (18%)
primarily due to rate rises. Wealth up $185m due to favourable
movement in market impacts of $528m, partly offset by lower
Investment distribution and Insurance VNB
Customer lending and accounts were down 6% and 3%
respectively due to HFS transfers, excl. which:
◆ Lending stable; Personal Banking up, offset by GPB deleveraging
and seasonal reduction in balances
◆ Deposits up $6bn, mainly in Hong Kong
Wealth balances up 3%. Excl. HFS, up $100bn (7%) due to NNIA
of $9bn, higher market levels ($29bn) and $62bn favourable FX and
other impacts
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