Investor Presentaiton
Wealth and Personal Banking
Strategy
2023 results
Appendix
2023 financial highlights
Balance sheet, $bn
Revenue
$7.2bn
41%
848
850
845
(2022: $5.1bn)
1
35-
=35=
ECL
$(0.3)bn
(5)%
483
488
493
(2022: $(0.2)bn)
28
-29
847
Costs
$(3.7)bn
(5)%
815
810
(2022: $(3.5)bn)
483
460
464
PBT
$3.3bn
> 100%
ROTE27
43.1%
(2022: $1.4bn)
31.6ppts
(2022: 11.5%)
2022
1Q23
2023
Customer lending
Customer accounts
HFS
Portfolio*
Revenue performance, $m
Reported Wealth Balances, $bn
+41%
1,650
୮
(20)%
1,557
50
1,680
50
9,063
526
533
542*
6,985
7,217
3,929
2,050
65
-31
141
5,111
131
4,363
5,121
5,016
5,250
3,467
1,014
1,074
1,097
1,648
1,786
1,807
1,966
1,960
(4)
(8)
(7).
(2,351)
2022
3022
4022
1Q23
2Q23
2022
1023
2023
Wealth Management
Other
Personal Banking
France disposal
Wealth deposits 28
Invested assets
HFS
Portfolio*
2023 vs. 2022
Revenue up $2.1bn (41%). Personal Banking up $1.8bn (51%)
primarily due to higher NII. Wealth up $0.3bn (19%) due to
growth across all products, particularly Life Insurance (up $0.2bn)
◆ Customer lending and accounts were both down 4%, mainly
due to HFS transfers*, excl. the impact of HFS:
Lending up $10bn (2%). Mortgages up $10bn ($5bn Asia, $5bn
UK), unsecured lending up 7% ($3bn split between $2bn Asia,
$1bn Mexico) partially offset by deleveraging in Private
Banking ($4bn)
Deposits down $3bn. Outflows in the UK (impact of increasing
cost of living) and US partially offset by growth in Asia, Mexico
and the Middle East
Wealth balances up 5%. Excl. HFS impact, balances up 8%
supported by NNIA of $75bn since 2022, wealth deposit growth
of $15bn and favourable market level and FX impacts of $33bn
2023 vs. 1023
Revenue down $1.8bn (20%) due to $2.0bn France impairment
reversal in 1Q23. Excluding this, revenue was up $0.2bn due to
higher NII in Personal Banking
Customer lending and accounts excl. impact of HFS*:
♦ Lending up $5bn. Mortgages up $4bn ($3bn Asia, $1bn UK)
and unsecured lending up $1bn
Deposits down $5bn with outflows in Asia, the UK and US
Wealth balances up 2% supported by NNIA of $12bn, wealth
deposit growth of $7bn and favourable market level and FX
impacts of $11bn
* Held-for-sale transfers relate to the agreed sale of businesses in Canada and Oman and the sale of our branch operations in Greece
o/w Canada $22bn
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