Investor Presentaiton
Non-NII
Group non-NII, $bn
Constant currency non-NII:
5.3
11.4
7.4
Notable items and FX:
(0.5)
3.7
(0.2)
Offset from central costs of
0.3
1.4
2.4*
funding trading income:
0.5
0.4
Global Payments Solutions
0.5
0.6
Global Trade and Receivables Finance
0.4
1.6
0.4
Wealth 1.3
1.6
2.4
Markets and Securities Services
2.3
1.6
Product splits are shown on a reported FX basis
1.3
Other
1.0
1.1
2022
1Q23
2Q23
vs. 2022
+39%
Strategy
2023 results
Appendix
Constant currency non-NII up $2.1bn (39%) vs. 2Q22, primarily
due to the offset into non-NII from the central costs of funding
GBM trading activity
◆ Strong Wealth performance, up $0.3bn (19%) primarily due to
a $0.2bn increase in life insurance income in Hong Kong
◆ MSS down $0.6bn due to lower client activity and a change in
methodology for the central costs of funding trading income in
2023 which reduced non-NII by $0.4bn*
Other up $0.1bn including FX gains in Corporate Centre
◆ Fees up $0.1bn (3%), primarily in Personal Banking and CMB
* 2Q23 includes $0.4bn reflecting the year-to-date impact of methodology changes
Other includes WPB Personal Banking, WPB Other, CMB Credit & Lending, CMB Other, GBM Banking (ex. GPS and GTRF), GBM Other and Corporate Centre (ex. offset from central costs of funding trading income)
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