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.
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