1H24 Financial Results slide image

1H24 Financial Results

| Institutional Banking Institutional Banking and Markets (IB&M)1 Strong performance, supporting clients in a challenging macro environment IB&M lending 80 40 0 Dec 22 Net Promoter Score² (Turnover $300M+ p.a.) Peers CBA #1 # Lower balances in pooled facilities and the funds finance portfolio Credit RWAS Increase in Dec 23 over the prior half primarily driven by higher derivative exposures Spot $bn (9%) 98 97 67 20 90 51 53 $bn Dec 23 Dec 22 Jun 23 Dec 23 Dec 22 Jun 23 Dec 23 Margin (ex Markets)³ Increase on prior half reflecting favourable portfolio mix and higher earnings on equity, partly offset by lower lending margins 147 137 Cost-to-income Financials Decrease vs 1H23 driven by higher operating income % Group NPAT $m 1H24 vs 1H23 12% Income 1,286 +14% Expense (543) +2% Impairment NPAT 37 +5% 589 +28% 155 47.3% 40.3% 42.2% bpts 1H23 2H23 1H24 - Income Higher Markets revenue, earnings on equity and favourable derivative valuation adjustments, partly offset by higher funding costs Expense - Driven by inflation and amortisation, IT and regulatory costs, partly offset by productivity initiatives 1H23 2H23 1H24 Impairment benefit - Lower collective provision releases in the current period, partly offset by lower individually assessed provisions 1, 2, 3. Refer to sources, glossary and notes at the back of this presentation for further details. 83
View entire presentation